by steve | Feb 6, 2012 | IRS Tax Problem, Representation
We are a specialty tax firm specifically equipped for IRS Tax Representation. We are comprised of:
1. Board Certified Tax Attorneys / IRS Tax Lawyers,
2. Certified Public Accountants,
3. Former IRS Managers / Agents,
4. Enrolled Agents,
5. Former IRS Employees
We have a combined 205 years of professional tax experience and over 60 years of direct IRS experience in the local South Florida district and regional offices of the Internal Revenue Service.
If you are dealing with the IRS there are certain internal procedures, policies and internal manuals that the public and other practitioners are completely unaware of. Because of our 60 years of IRS experience we know all of these internal procedures and settlement policies.
Many of these procedures deal with IRS tax settlements, IRS audit procedures, IRS levies and liens. Because of vast amount of tax direct tax experience with the IRS we can completely and permanently resolve these issues.
How to chose a tax firm for IRS Tax Representation.
Before choosing any professional tax firm check out the FIRM experience on their website. Do not be fooled by website advertisement. Make an appointment and have a face to face meeting with the tax professional,
Make sure you can speak directly to the person that will be working your case,
How long has the firm been in practice,
Lastly, check the BBB rating of the tax firm.
by steve | Feb 6, 2012 | Tax Help, Uncategorized
Did you recently change your name?
Here are some tax tips to help you through the process.
Tips for Recently Married, Divorced Taxpayers or others who recently had a Name Change
If you changed your name after a recent marriage or divorce, the IRS reminds you to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of your return and may even delay your refund.
Here are tips from the IRS for recently married, divorced taxpayers or other individuals who have a name change.
1. Hyphenated Names – If you took your spouse’s last name — or if you hyphenated your last names, you may run into complications if you don’t notify the SSA.
When newlyweds file a tax return using their new last names, IRS computers cannot match the new name with their Social Security number.
2. If you recently divorced and changed back to your previous last name, you’ll also need to notify the SSA of this name change.
3. Informing the SSA of a name change is easy. Simply file a Form SS-5, Application for a Social Security Card, at your local SSA office or by mail and provide a recently issued document as proof of your legal name change.
4. Form SS-5 is available on SSA’s website at http://www.socialsecurity.gov/, by calling 800-772-1213 or at local offices.
Your new card will have the same number as your previous card, but will show your new name.
5. If you adopted your spouse’s children after getting married and their names changed, you’ll need to update their names with SSA too. For adopted children without SSNs, the parents can apply for an Adoption Taxpayer Identification Number – or ATIN – by filing Form W-7A, Application for Taxpayer Identification Number for Pending U.S. Adoptions with the IRS.
The ATIN is a temporary number used in place of an SSN on the tax return. Form W-7A is available on the IRS.gov website or by calling 800-TAX-FORM (800-829-3676).
by steve | Jan 24, 2012 | Tax Help, Uncategorized
If you are a victim of a tax scam you can call us today to get tax relief. We are former IRS agents who know every trick in the book and can find a way to help you.
Here are some tax tips about tax scams.
The Internal Revenue Service receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo as a lure to make the communication appear more authentic and enticing. The goal of these scams – known as phishing – is to trick you into revealing your personal and financial information.
The scammers can then use your information – like your Social Security number, bank account or credit card numbers – to commit identity theft or steal your money.
Here are five things the IRS wants you to know about phishing scams from IRS.
1. The IRS never asks for detailed personal and financial information like PIN numbers, passwords or similar secret access information for credit card, bank or other financial accounts.
2. The IRS does not initiate contact with taxpayers by email to request personal or financial information. If you receive an e-mail from someone claiming to be the IRS or directing you to an IRS site:
• Do not reply to the message.
• Do not open any attachments. Attachments may contain malicious code that will infect your computer.
• Do not click on any links. If you clicked on links in a suspicious e-mail or phishing website and entered confidential information, visit the IRS website and enter the search term ‘identity theft’ for more information and resources to help.
3. The address of the official IRS website is www.irs.gov. Do not be confused or misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov. If you discover a website that claims to be the IRS but you suspect it is bogus, do not provide any personal information on the suspicious site and report it to the IRS.
4. If you receive a phone call, fax or letter in the mail from an individual claiming to be from the IRS but you suspect they are not an IRS employee, contact the IRS at 1-800-829-1040 to determine if the IRS has a legitimate need to contact you. Report any bogus correspondence. You can forward a suspicious email to phishing@irs.gov. Help all taxpayers and report them today.
5. You can help the IRS shut down these schemes and prevent others from being victimized. Details on how to report specific types of scams and what to do if you’ve been victimized are available at www.irs.gov. Click on “phishing” on the home page.
Do not be a victim!!!
by steve | Jan 24, 2012 | Tax Help, Uncategorized
Interesting Tax Fact about IRS Tax Returns
The IRS corrected 10.6 million “mathematical errors” in taxpayers’ returns in 2010, more than double the 4 million it corrected in 2005, the report said.
But the IRS itself made mistakes – out of 300,000 returns on which it disallowed exemptions for dependent children, it had to restore the exemption just over half the time.
The odds of a tax audit, 1.1%
by steve | Jan 24, 2012 | Tax Help, Uncategorized
You would be shocked on the amount of taxpayers that file the incorrect filing status.
Thousands of taxpayers get audited because they incorrectly file the wrong filing status.
This is an immediate trigger for the IRS. As a result the rest of their tax return get audited.
This is How Determine Your Correct Filing Status for IRS purposes:
Determining your filing status is one of the first steps to filing your federal income tax return.
There are five filing statuses:
1.Single,
2.Married Filing Jointly,
3.Married Filing Separately,
4.Head of Household and
5.Qualifying Widow(er) with Dependent Child.
Your IRS filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax.
You can qualify for more than one filing status.
Here are eight facts about filing status that the IRS wants you to know so you can choose the best option for your situation.
1. Your marital status on the last day of the year determines your marital status for the entire year.
2. If more than one filing status applies to you, choose the one that gives you the lowest tax obligation.
3. Single filing status generally applies to anyone who is unmarried, divorced or legally separated according to state law.
4. A married couple may file a joint return together.
The couple’s filing status would be Married Filing Jointly.
5. If your spouse died ( sorry to hear ) during the year and you did not remarry during 2011, usually you may still file a joint return with that spouse for the year of death.
6. A married couple may elect to file their returns separately.
Each person’s filing status would generally be Married Filing Separately.
7. Head of Household generally applies to taxpayers who are unmarried.
You must also have paid more than half the cost of maintaining a home for you and a qualifying person to qualify for this filing status.
8. You may be able to choose Qualifying Widow(er) with Dependent Child as your filing status if your spouse died during 2009 or 2010, you have a dependent child, have not remarried and you meet certain other conditions.
