by steve | Oct 20, 2011 | Tax Levy and Wage Garnishments
Fresh Start Tax LLC Since 1982 “A” Rated by the BBB IRS Tax Experts in immediate Tax Levy Releases
Stop the IRS today and get your money back. We have the inside information on the exact process because worked and taught in the IRS system. We were IRS tax managers and former IRS Instructors.
We have over 60 years of direct IRS experience in the local, district and regional offices of the IRS. We have a total of 205 years of direct IRS tax experience.
Call us today and hear the truth 1-866-700-1040. We are one of the most trusted and experienced professional tax firms
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
How we can immediately get Notices of Bank Levy and Wage Garnishment Released.
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage/Garnishment and Bank Levies. We know exactly how to quickly get them released. We have what it takes.
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case. This is leverage that they use to get you compliant. We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
See our home page for more details Thank you
by steve | Oct 20, 2011 | Tax Returns
Fresh Start Tax LLC Since 1982 Affordable IRS Tax Experts “A” Rated by the Better Business Bureau
If you owe, need to file back tax returns or settle back taxes call us today for permanent and immediate tax relief.
You will speak directly to either Board Certified Tax Attorneys, CPA’s or Former IRS Agent, Managers or Instructors with over 205 years of professional tax experience.
On staff are Former IRS Agents that worked and taught the Tax Settlement procedures. We know all the IRS tax policies and tax settlement procedures.
We do exactly what we say, settle your IRS problem. We have been serving taxpayers since 1982 complaint free.
Call us today and get peace of mind. We are one of the oldest, most trusted and experienced professional tax firms, 1- 866-700-1040
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
See our Home Page for more details Thank you
by steve | Oct 20, 2011 | Tax News
2.1 Million Taxpayers May Have Received $3.2 Billion In Erroneous Education Tax Credits
An estimated 2.1 million taxpayers may have received $3.2 billion in erroneous education credits, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
The American Recovery and Reinvestment Act of 2009 created a refundable tax credit called the American Opportunity Tax Credit (AOTC) to help taxpayers offset the cost of higher education. This credit has been extended to 2011 and 2012 returns. TIGTA assessed the effectiveness of the IRS processes to identify erroneous AOTC claims.
TIGTA found that 1.7 million taxpayers erroneously received an estimated $2.6 billion in education credits even though the Internal Revenue Service (IRS) had no supporting documentation that these taxpayers had attended an eligible institution, defined as an accredited institution of higher learning.
While the IRS initially did not agree with the amount of erroneous claims identified by TIGTA, it subsequently informed TIGTA that it has found a high percentage of the claims with no supporting documentation to indeed be erroneous. IRS management noted that they expect the percentage found to be erroneous to further grow and have increased the number of tax returns they plan to review with this condition in Fiscal Year 2012.
by steve | Oct 19, 2011 | Back Taxes
Do you Owe Back IRS Taxes? Let former IRS Agents, Managers and Instructors get your case completely resolved.
We have over 205 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS.
Call us for a no cost professional tax consult, 1-866-700-1040
The Tax Law:
In general, United States citizens and resident aliens who are bona fide residents of Puerto Rico during the entire tax year, which for most individuals is January 1 to December 31, are only required to file a U.S. federal income tax return if they have income sources outside of Puerto Rico or if they are employees of the U.S. government. Bona fide residents of Puerto Rico generally do not report income received from sources within Puerto Rico on their U.S. income tax return.
However, they should report all income received from sources outside Puerto Rico on their U.S. income tax return. Residents of Puerto Rico who are employed by the government of the United States or who are members of the armed forces of the United States also should report all income received for their services to the government of the United States on their U. S. income tax return.
United States citizens or resident aliens who are not bona fide residents of Puerto Rico during the entire tax year are required to report all income from whatever source derived on their U.S. income tax return. However, a U.S. citizen who changes residence from Puerto Rico to the United States and who was a bona fide resident of Puerto Rico at least two years before changing residence can exclude from U.S. taxable income the Puerto Rican source income received while residing in Puerto Rico during the taxable year of such change of residence.
If you are a bona fide resident of Puerto Rico and qualify to exclude your Puerto Rican source income on your U.S. tax return, you must determine your adjusted filing requirement based on the filing thresholds shown in the tax return instructions. For more information about how to determine the amount of income that requires filing a U.S. income tax return, refer to Publication 570 and Publication 1321 (PDF).
If you have no U.S. filing requirement but have income that is effectively connected with a trade or business in Puerto Rico, you must file Form 1040-SS (PDF) or Form 1040-PR (PDF) with the United States to report your self-employment income and, if necessary, pay self-employment tax. For more information on self-employment reporting requirements, see the instructions to these forms.
by steve | Oct 19, 2011 | IRS Tax Advice, Tax Help, Uncategorized
IRS Withholding Calculator from your Friends at Fresh Start Tax LLC IRS Tax Experts
We are IRS Tax Specialists for IRS Tax Relief and Tax Problems! 1-866-700-1040
If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee’s Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay.
You can use your results from the calculator to help fill out the form.
Who Can Benefit From The Withholding Calculator?
Employees who would like to change their withholding to reduce their tax refund or their balance due;
Employees whose situations are only approximated by the worksheets on the paper W-4 (e.g., anyone with concurrent jobs, or couples in which both are employed; those entitled to file as Head of Household; and those with several children eligible for the Child Tax Credit);
Employees with non-wage income in excess of their adjustments and deductions, who would prefer to have tax on that income withheld from their paychecks rather than make periodic separate payments through the estimated tax procedures.
PLEASE USE CAUTION: If you will be subject to alternative minimum tax, self-employment tax, or other taxes; or if any of your current jobs will end before the end of the year, you will probably achieve more accurate withholding by following the instructions in Publication 919, How Do I Adjust My Tax Withholding?
Tips For Using This Program available at IRS.GOV
1.Have your most recent pay stubs handy.
2.Have your most recent income tax return handy.
3.Estimate values if necessary, remembering that the results can only be as accurate as the input you provide.
4.To Change Your Withholding:
Use your results from this calculator to help you complete a new Form W-4, Employee’s Withholding Allowance Certificate.
Submit the completed Form to your employer.
Click here www.irs.gov/individuals/article/0,,id=96196,00.html
