by Jim Magary | Mar 10, 2016 | Tax Help
Use Affordable Former IRS Agents and Managers who can get you back in the system worry free. Since 1982.
We have over 60 years of combined IRS experience and know the protocols and the systems to make this a very simple and affordable process.
With or without records we can file unfiled, not filed, back or late tax returns and settle your case all at the same time.
We have over 60 years of direct IRS working experience in the local, district, and regional tax offices of the IRS.
We know all the IRS systems and protocols.
Do not worry, we can get you back in the system worry free!
Have former IRS agents, managers and tax instructors get you back in the system if you have unfiled and back tax returns.
For affordable pricing we can file all your back tax returns and if you owe taxes we can work out an IRS tax settlement.
We have a combined 60 years of direct IRS work experience in the local, district, and regional tax offices of the internal revenue service.
We have filed thousands of unfiled tax returns and we have an exact system for affordable pricing so you can get this put to bed on a permanent basis.
We know all the protocol to get you back in the system worry free. Do not let the fear of the IRS get in your way filing back tax returns because at some point in time, IRS will be making contact with you.
As a former IRS agent, I can tell you that with the new IRS CADE2 computer system, in the very near future you will be getting a letter from the Internal Revenue Service because IRS is getting more sophisticated in their income tracking.
I tell you this not to scare you but to let you know it’s best to take an assertive position with the Internal Revenue Service and get your tax returns filed and work out a settlement with them before they catch up with you.
Millions have Unfiled Tax Returns, 16 million every year, yep, that many!
Millions of people for whatever reasons have not filed their tax returns. The Tax Gap is estimated in the billions. Some estimates have it at $5 billion.
The tax gap is a term used for taxpayers who have failed to file their tax returns and have monies owed to the Internal Revenue Service.
There is a fear of filing because of what the IRS will do to them.
The government has a system in place to deal with these situations and we can help walk you back into the system without fear of your IRS back tax problem. We can file the delinquent tax returns, take care of the back taxes and start working on your IRS problems today.
The Tax Gap pertaining to Unfiled Tax Returns
The Internal Revenue Service released a new set of tax gap estimates.The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time.
The new tax gap estimate represents the first full update of the report in five years, and it shows the nation’s compliance rate is essentially unchanged from the last review.
The tax gap statistic is a helpful guide to the scale of tax compliance and to the persisting sources of low compliance, but it is not an adequate guide to year-to-year changes in IRS programs or to year-to-year returns on IRS service and enforcement initiatives.
Call us today and get back in the system worry free.
Here the truth from former IRS agents and managers and the company who has been around since 1982.
by Jim Magary | Mar 3, 2016 | Tax Help
We are affordable professional firm that can prepare your back taxes and work out a tax settlement at the same time. Since 1982, A+ rated by the Better Business Bureau.
We have over 206 years of professional tax experience and over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We are as well-trained as anybody in the business and are prepared to make sure you pay the lowest amount of tax allowed by law.
On staff are not only former IRS agents managers and teaching instructors but certified public accountants that have been practicing since 1982.
We are a full-service firm with all work being done in-house.
As former IRS agents and managers we can qualify you for the offer in compromise program to settle your debt for pennies on the dollar if you are a true and certified candidate for the program.
We will walk through your current financial statement to make sure your offer has a chance of getting accepted before we submit any paperwork or charge you a fee.
Call us today for a free initial tax consultation.
Prepare Unfiled Tax Returns + Save Money With Former IRS + Affordable
by Jim Magary | Mar 3, 2016 | Tax Help
Early Retirement Distributions and Your Taxes
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of the income tax you may have to pay.
Here are a few key points to know about taking an early distribution:
1. Early Withdrawals.
An early withdrawal normally means taking the money out of your retirement plan before you reach age 59½.
2. Additional Tax.
If you took an early withdrawal from a plan last year, you must report it to the IRS. You may have to pay income tax on the amount you took out. If it was an early withdrawal, you may have to pay an additional 10 percent tax.
3. Nontaxable Withdrawals.
The additional 10 percent tax does not apply to nontaxable withdrawals. They include withdrawals of your cost to participate in the plan.
Your cost includes contributions that you paid tax on before you put them into the plan.
A rollover is a type of nontaxable withdrawal.
A rollover occurs when you take cash or other assets from one plan and contribute the amount to another plan. You normally have 60 days to complete a rollover to make it tax-free.
4. Check Exceptions.
There are many exceptions to the additional 10 percent tax. Some of the rules for retirement plans are different from the rules for IRAs.
5. File Form 5329.
If you took an early withdrawal last year, you may need to file Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, with your federal tax return.
See Form 5329 and its instructions for details.
6. Use IRS e-file.
Early withdrawal rules can be complex. IRS e-file is the easiest and most accurate way to file your tax return.
The tax software that you use to e-file will pick the right tax forms, do the math, and help you get the tax benefits you’re due.
Seven out of 10 taxpayers qualify to use Free File, which is only available through the IRS website at IRS.gov/free file.
by Jim Magary | Mar 2, 2016 | Tax Help
We are an affordable professional tax firm that can file back taxes and settle your debt all at the same time, since 1982.
We have over 65 years of working directly for the IRS in the local, district, and regional tax offices of the Internal Revenue Service,
Our work as former IRS agents includes former auditors and tax preparers.
As a result of all our experience we can assure you will pay the lowest amount of tax allowed by law.
If you’ll owe back IRS tax debt we can have our former IRS collection agents work out a tax settlement for you at the same time at the same cost.
Let our years of experience in your best ally and save you money.
Pick a Affordable Reputable Tax Company/Firm as I do it every day
Picking a reputable company for preparation of your tax return is a very important decision that you will make.
It is not just about the tax return.
It is about obtaining solid tax advise, tax planning and financial solutions for the future.
The goal of Fresh Start Tax is to help our clients in meeting their tax and financial objectives.
We offer a full range of accounting, tax and financial services designed to meet the personal or business needs that you have.
Our preparation, accounting and auditing teams are highly trained and experienced, hands-on problem solvers who hold themselves to an extraordinarily high level of performance and accountability.
You can trust them to have the understanding and the resources to do what’s best for your business.
We can expertly guide you through the accounting and auditing process, as well as keep you informed of all industry changes regarding corporate governance, audit and accounting issues, and financial reporting that may affect your personal or business situations.
Our teams utilize the latest accounting practices and audit methodologies to help you manage risk, stay compliant, and improve overall business performance.
We offer a FREE initial consultation for business owners.
We serve a diverse set of clients who make our work both interesting and challenging. We have the technical knowledge and practical know-how to assist our clients in meeting their financial objectives.
Please take a minute to learn how we can help you.
Our services include:
- Preparation, review, and audit of financial statements
- Tax planning and tax return preparation
- Representing taxpayers in tax audits and appeals
- Business management services•Payroll services
- Estate planning and administration
- Litigation support services
- Information technology consulting
- Bookkeeping/bill payment•Tax return extension preparation
by Jim Magary | Mar 2, 2016 | Tax Help
If you need to file corporate taxes contact us today. We are the affordable tax firm that specializes in the filing of settlement of back taxes.
We have over 206 years of professional tax experience and over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We can file all back returns and settle any tax that debts owed.
We are a full service from what all work being done in-house.
We have been in practice since 1982 and can assure you will pay the lowest amount allowed by law.
It only makes sense to hire former IRS agents who have over 65 years of professional tax experience and a host of other accountants and CPAs who have been preparing tax returns since 1982.
All tax returns are prepared by two individuals and signed by a CPA.
Pick a Affordable Reputable Tax Company/Firm
Picking a reputable company for preparation of your tax return is a very important decision that you will make.
It is not just about the tax return.
It is about obtaining solid tax advise, tax planning and financial solutions for the future.
The goal of Fresh Start Tax is to help our clients in meeting their tax and financial objectives.
We offer a full range of accounting, tax and financial services designed to meet the personal or business needs that you have.
Our preparation, accounting and auditing teams are highly trained and experienced, hands-on problem solvers who hold themselves to an extraordinarily high level of performance and accountability.
You can trust them to have the understanding and the resources to do what’s best for your business.
We can expertly guide you through the accounting and auditing process, as well as keep you informed of all industry changes regarding corporate governance, audit and accounting issues, and financial reporting that may affect your personal or business situations.
Our teams utilize the latest accounting practices and audit methodologies to help you manage risk, stay compliant, and improve overall business performance.
We offer a FREE initial consultation for business owners.
We serve a diverse set of clients who make our work both interesting and challenging. We have the technical knowledge and practical know-how to assist our clients in meeting their financial objectives.
Please take a minute to learn how we can help you.
Our services include:
- Preparation, review, and audit of financial statements
- Tax planning and tax return preparation
- Representing taxpayers in tax audits and appeals
- Business management services•Payroll services
- Estate planning and administration
- Litigation support services
- Information technology consulting
- Bookkeeping/bill payment•Tax return extension preparation
Call us today for a free initial tax consultation.
Need to File Corporation Taxes + File Tax Returns + Individual + Business + Settlements + Representation
