by Jim Magary | Feb 3, 2015 | Tax Help
We can get an immediate release of an IRS federal tax Levy, Bank Levy, wage garnishment and settle your case at the same time.
We’ve been practicing since 1982 and are affordable professional tax firm.
We are A+ rated by the Better Business Bureau.
We are staffed the former IRS agents and managers who have logged over 60 years of direct work experience at the Internal Revenue Service.
We know the system.
As a general rule within 24 hours of receiving your current documented financial statement we can get IRS to release your federal tax levy, bank levy or wage garnishment and close your case off of the IRS enforcement computer case.
There are various ways that the Internal Revenue Service will close your case.
After it fully reviews are currently documented financial statement, as a general rule, the Internal Revenue Service will either place your case into a currently not collectible file, enter you into a payment agreement or can let you know you could possibly qualify for offer compromise to settle your tax debt.
IRS sends out tax levies, bank levies and wage garnishment levies to get the attention of taxpayers.
As a former IRS agent I’ve sent out thousands of IRS tax levies.
The reason these levies were sent out is because taxpayers failed to respond to the last IRS notice that was sent.
Keep in mind your must have filed all your tax returns before IRS will close your case.
Call us today and speak to a true IRS tax expert who can go ahead and give you the best possible advice to fully resolve your IRS case.
We are a full-service firm practicing since 1982 and A+ rated by the Better Business Bureau.
IRS Tax Levy, Bank, Wage Garnishment Levy= Remove, Fast Affordable, Settle Tax = New Orleans, Baton Rouge, Shreveport, Metairie Terrace, Lafayette
by Jim Magary | Feb 3, 2015 | Tax Help
We are affordable professional firm specializing in the resolution of all IRS problems.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau.
We have over 206 years professional tax experience.
You can call us today for a free initial tax consultation and speak to a true IRS tax expert.
You can speak to IRS tax attorneys, tax lawyers, certified public accountants, and former IRS agents managers and instructors.
When you call our office we match you up with the expert that has a specialty and expertise in the specific situation of the IRS tax problem that you may have.
If you owe back taxes we can go over various solutions and resolutions to permanently end your IRS tax matter.
If you have received an IRS tax levy, as a general rule within 24 hours of receiving a current financial statement we can go ahead and get your tax levy removed whether it be a bank levy or a wage garnishment it makes no difference.
If you are undergoing an IRS tax audit or received a letter of a tax audit, you can have a former IRS agent represents your best tax defense during your audit.
If you wish a tax settlement we will see if you can qualify for the an offer in compromise.
If you need to file back taxes we can do so with little or few tax records.
Call us today for a free initial tax consultation.
We are the fast, friendly and affordable tax firm practicing since 1982.
If you have matters containing confidentiality and need to speak directly to an IRS tax attorney or tax lawyer. let our secretary know upon calling our office so all your information can be privileged.
Once again we have a professional tax staff including IRS tax attorneys, tax lawyers certified public accountants and former IRS agents with over 60 years of working directly for the IRS.
Affordable IRS Tax Attorneys, Lawyers – Owe Back Taxes, Tax Levy, IRS Audit, Settlements, File Taxes = North Little Rock, Conway, Rogers, Pine Bluff, Bentonville
by Jim Magary | Jan 29, 2015 | Tax Help
The IRS continues to aggressively pursue the criminals that file fraudulent returns using someone else’s Social Security number.
The Dirty Dozen is compiled annually by the IRS and lists a variety of common scams taxpayers may encounter any time during the year.
Many of these con games peak during filing season as people prepare their tax returns or hire someone to do so. This year for the first time, the IRS will issue the individual Dirty Dozen scams the next 12 business days to raise consumer awareness.
“Scams can be sophisticated and take many forms.
Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund.
While the IRS has made significant strides over the past several years to address this issue, it remains a top concern for the IRS, which is why identity theft remains on the Dirty Dozen again list this year as the IRS works to protect taxpayers and help victims.
As a result of these aggressive efforts to combat identity theft from 2011 through October 2014, the IRS has stopped 19 million suspicious returns and protected over $63 billion in fraudulent refunds.
For 2015, the IRS will continue to increase both the number and efficiency of the identity theft data models and filters that are used to identify potentially fraudulent returns.
These pre-refund filters stop the vast majority of fraudulent returns. Additionally, the IRS continues to expand its partnerships with financial institutions to identity and stop fraudulent refunds.
IRS Criminal Investigation continues its robust efforts, and in Fiscal Year 2014, the IRS initiated 1,063 identity theft-related investigations.
Criminal Investigation enforcement efforts resulted in 748 sentencings as compared to 438 in FY 2013, an increase of 75 percent.
Our incarceration rate rose to 87.7 percent as compared to 80.6 percent in FY 2013.
The courts imposed significant jail time with the average months to serve in FY 2014 at 43 months as compared to 38 months in FY 2013 with the longest sentencing being 27 years.
Fighting identity theft is an ongoing battle as identity thieves continue to create new ways of stealing personal information and using it for their gain.
Identity theft cases are among the most complex handled by the IRS. The IRS is continually reviewing processes and policies to minimize the incidence of identity theft and to help those who find themselves victimized.
The IRS is working hard to streamline its internal process, but more work remains.
In an effort to help victims, the IRS has issued approximately 1.5 million Identity Protection PINs (IP PINs.)
The IP PIN is a unique, six-digit number that is assigned annually to victims of identity theft with resolved cases for use when filing their federal tax return.
The IP PIN will allow these individuals to avoid delays in filing returns and receiving refunds.
This year, the IRS will continue its IP PIN pilot program that allows taxpayers who filed tax returns last year from Florida, Georgia or the District of Columbia to opt into the IP PIN program.
Additionally, the IRS is offering approximately 1.7 million taxpayers the opportunity to opt in to the IP PIN program in instances where the IRS has identified indications of identity theft on their accounts.
The IRS understands that identity theft is a frustrating, complex process for victims. While identity thieves steal information from sources outside the tax system, the IRS is often the first to inform a victim that identity theft has occurred.
The IRS is working hard to resolve identity theft cases as quickly as possible.
by Jim Magary | Jan 29, 2015 | Tax Help
We are a AFFORDABLE full service tax firm that specializes in IRS tax representation.
We are tax experts for releases and removal IRS tax levies, tax defense and IRS tax representation for IRS tax audit, IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
We are comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents.
Our former IRS agents have logged over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We taught tax law.
We are the honest, experience, and most trustworthy tax firms.
We have been practicing since 1982 and are A+ rated by the Better Business Bureau with over 206 years of professional IRS & other related tax experience.
Call us today for free initial tax consultation, you will speak to a true IRS tax expert.
Immediate IRS Tax Levy Relief
An IRS tax Levy usually comes in two forms.An IRS bank levy or an IRS wage garnishment levy.
Both IRS tax levies are different.
An IRS Bank Levy puts a freeze on your money for 21 days where an IRS wage garnishment levy is an immediate seizure of your paycheck. the bank will send your frozen funds to IRS on the 22nd day.
The IRS will give you 21 days to work out a settlement before they receive the funds. your employer is mandated by law to send your next paycheck to the Internal Revenue Service if they have received a wage garnishment notice.
Certain exemptions apply but approximately 80% of your check will go to the Internal Revenue Service because of the IRS tax levy garnishment.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your tax levy garnishment released and your case settled with the Internal Revenue Service.
If you are undergoing an IRS tax audit you can have a former IRS audit manager provide your best possible tax defense and represent your best interest during an IRS tax audit.
If you will owe money we will work out tax settlement and if necessary take your case to tax appeals are tax court if warranted.
We know the system.
If you are wishing for an IRS tax settlement called an offer in compromise, we will be happy to walk you through the IRS prequalifier tool to see if you’re a suitable candidate before filing any offer in compromise. I am a former IRS revenue officer and work the offer in compromise program is a former employee. I know the system inside and out.
We’ll qualify all taxpayers before we file and ask for an IRS tax settlement.
If those wish to make payments to the Internal Revenue Service to resolve there debt, we will walk you through the financial statement to make an affordable payment that you can live with.
Call us today for a free initial tax consultation and speak to a true IRS tax expert who can resolve your case.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are the fast, friendly and affordable tax firm.
IRS = Tax Levy Garnishment, Tax Audit, Tax Settlement, IRS Payment, Installment Plans, Affordable Experts = North Little Rock, Conway, Rogers, Pine Bluff, Bentonville
by Jim Magary | Jan 29, 2015 | Tax Help
How to Choose the Right Filing Status
It’s important that you use the correct filing status when you file your tax return.
Your status can affect the amount of tax you owe for the year.
It may even affect whether you must file a tax return.
Keep in mind that your marital status on Dec. 31 is your status for the whole tax year.
Sometimes more than one filing status may apply to you. If that happens, choose the one that allows you to pay the lowest tax.
Here’s a list of the five filing statuses:
1. Single.
This status normally applies if you aren’t married.
It applies if you are divorced or legally separated under state law.
2. Married Filing Jointly.
If you’re married, you and your spouse can file a joint tax return together. If your spouse died in 2014, you often can file a joint return for that year.
3. Married Filing Separately.
A married couple can choose to file two separate tax returns. This may benefit you if it results in less tax than if you file a joint tax return. It’s a good idea for you to prepare your taxes both ways before you choose. You can also use it if you want to be responsible only for your own tax.
4. Head of Household.
In most cases, this status applies if you are not married, but there are some special rules. You also must have paid more than half the cost of keeping up a home for yourself and a qualifying person. Don’t choose this status by mistake. Be sure to check all the rules before you file.
5. Qualifying Widow(er) with Dependent Child.
This status may apply to you if your spouse died during 2012 or 2013 and you have a dependent child.
Certain other conditions also apply.
Note for same-sex married couples. In most cases, you and your spouse must use a married filing status on your federal tax return if you were legally married in a state or foreign country that recognizes same-sex marriage.
That’s true even if you now live in a state that doesn’t recognize same-sex marriage.
