by Jim Magary | Jan 27, 2015 | Tax Help
If you owe back taxes to the Internal Revenue Service or the State, call us today to hear various AFFORDABLE tax solutions to end your tax problems.
We are a specialty firm that deals with IRS and state tax problems.
We can help resolve any individual, business, or payroll tax problem that you have.
As a general rule once the Internal Revenue Service takes a current financial statement they will dispose of the case in one of three ways.
After a careful review of your current documented financial statement they will either place you into:
1.an uncollectible hardship status,
2. ask for a payment agreement or ,
3. advise you you could possibly be a tax settlement candidate.
Call us today for a free initial tax consultation and we will review the various programs that both the federal and state governments have to resolve your tax debt.
It is very important to note:
If you owe back federal or state tax debt the government agency will require you to be current within the year you are making the request.
Therefore you need to make current estimate payments, have your withholding up to date or be making current payroll tax deposits. the reason is simple, if you cannot make current tax deposits you cannot keep up with your tax debt.
I know this policy well because I am a former IRS revenue officer and teaching instructor.
The cardinal rule for IRS collections officers is simply this, if they can’t keep current they shouldn’t be in business.
Call us today and get a free initial tax consultation review of your case and we will go over with you the different solutions that you can live with.
We are a full service tax firm.
If you owe individual taxes IRS will require a 433a if you will owe business taxes they will require a form 433B.
Last note of interest.
If you owe back IRS taxes make sure you have an exit strategy.
We can help develop your exit strategy when you call our office.
Back Taxes IRS = Individual, Business, Payroll Tax Settlements, Payment Plans, Affordable Experts = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 27, 2015 | Tax Help
We are an AFFORDABLE full service tax firm that specializes in resolving any IRS tax problem.
We have been in private practice since 1982 in our A+ rated by the Better Business Bureau.
We are composed of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and teaching instructors.
All former IRS agents and managers have over 60 years of direct work experience in the local, district, and regional tax offices of the IRS.
While employed at the Internal Revenue Service we taught tax law and wrote part of the internal revenue manual section 5 dealing with the collection of taxes for taxpayers.
If you owe back taxes we can review the different solutions IRS has available.
As a general rule, once IRS takes a current financial statement they were either place taxpayer into a;
1.currently not collectible status,
2. ask for a payment agreement or,
3.suggest the filing of an offer in compromise to settle back tax debt.
If you have received an IRS tax Levy, Bank Levy wage garnishment, as a general rule we can get your tax levy garnishment release within 24 hours of receiving your current financial statement.
IRS will require that all back tax returns be filed.
It is necessary to have all your returns filed in up-to-date with Internal Revenue Service.
If you wish to settle your tax debt we can review the offer in compromise program to see if you are a viable and suitable candidate to settle your tax debt to the offer in compromise.
Once again we are a full service tax firm that can handle any IRS problem from a simple IRS notice or letter to going to Tax Court.
Call us today for a free initial tax consultation.
If you wish to speak directly to a tax attorney letter receptionist know so the information you give can be retained under attorney-client privilege.
IRS + Affordable Tax Attorneys, Tax Lawyers, Back Taxes, Tax Levy Garnishment Releases, File Taxes, Settle Tax Debt = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 27, 2015 | Tax Help
If you are dealing with the Internal Revenue Service and only makes sense to hire former IRS agents and managers who know the system.
We are the affordable tax professionals who been solving IRS problem since 1982.
We are a full service tax firm with an affordable expertise in resolving any IRS matter or problem.
From a simple IRS notice or letter, too going to tax appeals and even going to tax court we can solve any IRS problem for affordable pricing.
We are staffed with tax attorneys, CPAs and former IRS agents and managers.
Our former agents have over 60 years of working directly for the Internal Revenue Service.
We have almost worked in every facet including revenue agents, revenue officer’s, auditors managers and teaching instructors with the Internal Revenue Service.
If you owe back taxes to the Internal Revenue Service we can go over every possible solution.
If you want to settle your tax that we can review with you the possibility of filing offer in compromise to settle your back tax debt on taxes owed.
If you have received an IRS tax levy or garnishment, as a general rule within 24 hours of receiving your current financial statement we can get your tax levy garnishment removed.
Call us today to hear various options and solutions to any IRS problem.
We are staffed with true IRS tax experts and affordable tax professionals.
Once again we are a full-service firm, since 1982, A+ rated by the Better Business Bureau.
IRS + Owe Back Taxes, Settle Tax Debt, File Taxes, IRS Levy Garnishments Removals = Affordable Former IRS, Experts = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 27, 2015 | Tax Help
We are the affordable tax professionals who have been resolving IRS problems since 1982. A plus rated BBB.
We are a full-service firm composed of tax attorneys, CPAs and former IRS agents.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
While formerly employed at the Internal Revenue Service we taught tax law and wrote some of the Internal Revenue Service collection manual section 5.
We are true tax experts to get an IRS tax Levy, Bank Levy, wage garnishment releases, apply for IRS offer in compromise tax settlement, represent you during an IRS tax audit go over different ways for payment plans to the Internal Revenue Service.
We can file any tax returns not filed and work out a tax settlement agreement all at the same time.
Due or our 60 years of IRS experience we know all the systems, protocols, and settlement theories used by the Internal Revenue Service.
We know all the inside information it takes to be successful.
Call us today for a free initial tax consultation and speak to a true IRS tax expert.
Since 1982, A+ rated by the Better Business Bureau.
IRS TAX RELIEF = Tax Levy, Tax Settlements, Tax Audits, Payments, Former IRS = AFFORDABLE EXPERTS = Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro
by Jim Magary | Jan 26, 2015 | Tax Help
Who Should File a 2014 Tax Return per the IRS, What You Need to Know.
Most people file their tax return because they have to, but even if you don’t, there are times when you should.
You may be eligible for a tax refund and not know it.
This 2014 year, there are a few new rules for some who must file a tax return.
Here are some top tax tips to help you find out if you should file a tax return:
1. General Tax Filing Rules.
Whether you need to file a tax return depends on a few factors. In most cases, the amount of your income, your filing status and your age determine if you must file a tax return. For example, if you’re single and 28 years old you must file if your income was at least $10,150. Other rules may apply if you’re self-employed or if you’re a dependent of another person. There are also other cases when you must file. Go to IRS.gov/filing to find out if you need to file.
2. New for 2014: The Premium Tax Credit.
If you bought health insurance through the Health Insurance Marketplace in 2014, you may be eligible for the new Premium Tax Credit. You will need to file a return to claim the credit. If you purchased coverage from the Marketplace in 2014 and chose to have advance payments of the premium tax credit sent directly to your insurer during the year you must file a federal tax return. You will reconcile any advance payments with the allowable Premium Tax Credit. You should receive Form 1095-A, Health Insurance Marketplace Statement, by early February. The new form will have information that will help you file your tax return.
3. Tax Withheld or Paid in Taxes.
Did your employer withhold federal income tax from your pay? Did you make estimated tax payments? Did you overpay last year and have it applied to this year’s tax? If you answered “yes” to any of these questions, you could be due a refund. But you have to file a tax return to get it.
4. Earned Income Tax Credit.
Did you work and earn less than $52,427 last year? You could receive EITC as a tax refund if you qualify with or without a qualifying child. You may be eligible for up to $6,143. Use the 2014 EITC Assistant tool on IRS.gov to find out if you qualify. If you do, file a tax return to claim it.
5. Additional Child Tax Credit.
Do you have at least one child that qualifies for the Child Tax Credit? If you don’t get the full credit amount, you may qualify for the Additional Child Tax Credit.
6. American Opportunity Credit.
The AOTC is available for four years of post secondary education and can be up to $2,500 per eligible student. You or your dependent must have been a student enrolled at least half time for at least one academic period. Even if you don’t owe any taxes, you still may qualify.
However, you must complete Form 8863, Education Credits, and file a return to claim the credit.
If you’d like to help audit proof your tax return today call the tax professionals at fresh start tax.
We are A+ rated in one of the best in the industry.
