by Fresh Start Tax | Jul 23, 2019 | Tax Help
We are the Affordable, Experienced Professional Tax Firm, since 1982. A plus rated. We know IRS inside and out !!!
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
We have worked thousands of cases since 1982 and have over 100 years of working directly for the Internal Revenue Service.
We can help you with any IRS tax issue that you have, we have seasoned and veteran attorneys, CPAs and former IRS agents can help you with any IRS tax debt, IRS settlement called an offer in compromise or offer you various types of IRS tax relief.
If you have any back IRS debt or filling issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982. Last year alone over 14 million people did not file or pay their taxes timely. WE CAN HELP!
We are former IRS agents, managers and teaching instructors and know all the methodologies, settlement theories and negotiation strategies to resolve any tax debt that may be facing you.
Since 1982 we have been resolving tax debt issues for thousands of clients. we can solve any IRS tax matter or issue and review with you carefully weigh possible to solve any IRS problem. We have worked thousands of cases and we have been former IRS agents, managers, supervisors and teaching instructors.
Within five minutes of hearing about your current situation we can give you an exact remedy to end your IRS tax problem file your back tax returns and settle your back tax problems.
Many of the taxpayers who call us need to file back tax returns and their variety of reasons why taxpayers have not who have not filed. The reason makes no difference.
The bottom line is, sooner or later you have to file back tax returns. We have a very easy and simple process to file all your back tax returns and settle your debt all at the same time.
Filing your Back Taxes with IRS
With or without records we can complete all your tax returns due to our enormous amount of experience we have in filing back tax returns.
We can simply pull IRS transcripts and prepare all back tax returns or we can prepare back tax returns to the process of IRS reconstructions. As former IRS agents and auditors we know exactly how to file your back tax returns with no records.
Options for Settling IRS Tax Debt to IRS
There are three basic ways that taxpayers settle their current tax situation for back taxes with the Internal Revenue Service. There are different ways to settle IRS tax debt and there are generally three programs that the taxpayer can qualify for.
The first is a hardship or currently non-collectible program. There is good news and bad news about this program. After IRS takes a current documented financial statement, IRS may determine you are not collectible at the current time. IRS will suspend your case for a period of 1 to 3 years and put a freeze on it.
The good news is IRS’s off your back for a couple of years and the bad news is penalties and interest still run on it. Taxpayer should also be aware that the case will come out every couple of years to be reviewed.
The second program is the installment agreement or monthly payment. After IRS takes a current financial statement they will determine how much money they expect from you on a monthly basis. IRS has certain national standards test that they use to determine if the taxpayer will be placed into a payment agreement. You can find the national standards on our site.
The third way to sell your debt is to qualify for an offer in compromise, this is where you can settle your debt for pennies on the dollar. it’s important for taxpayers to understand that not all are eligible for the offer in compromise program.
There is a pre-qualifier tool.
I suggest everyone who wants to go the route was the direction of the offer make sure they are truly qualified before wasting time and money. As a former IRS agent I taught the offer in compromise program at the IRS. I can tell you within seconds of your settlement candidate. After review of your current financial statement we will let you know which of the program to qualify for and start to remove IRS out of your life.
Call us today for free initial tax consultation and we will walk you through the process and tell you how many years you have to file and let you know the different tax strategies based on your current financial conditions.
You will never have to speak to the Internal Revenue Service, ever. We handle all the communication. Feel free to call us by voice or Skype us directly.
We are a full-service firm with all work being done in-house. When you call our office you will speak to a true tax professional and not a salesperson.
We know the system inside and out and have saved thousands of dollars for clients over the years.
Mechanicville + Affordable IRS Tax Experts + IRS Tax Debt Relief Help + IRS Tax Lawyer, Tax Attorney + Settlements + Unfiled Back Tax Returns
by Fresh Start Tax | Jul 23, 2019 | Tax Help
Get immediate relief, call us today. Since 1982. Tax Attorneys’, Lawyers, CPA’s, Former IRS Agents. AFFORDABLE
We have worked the system and we know the system to get immediate IRS bank and tax wage garnishments released.
We have over 200 years of professional tax experience, over 100 years of working directly for the Internal Revenue Service and our staff is composed of certified public accountants, enrolled agents, and former IRS agents, managers and teaching instructors.
After five minutes of speaking to you we can give you a complete exit strategy to permanently under IRS case. we have over 100 combined years with the Internal Revenue Service network thousands of cases.
We can design a specific remedy to resolve your case.
We can review every possible option with you. IRS bank or wage levy garnishment released within 24 hours of receiving your current financial statement, review different options to release your federal tax lien, go over the offer in compromise or settlement options with the Internal Revenue Service or have former IRS agents represent you during an IRS tax audit.
We are true IRS experts for any tax matters.
As a general rule, within 24 hours or receiving your current financial statement we can get a bank levy or wage garnishment released.
We can go over different options with you and explore how you can remove your federal tax lien, settle your case through a process called the offer in compromise or have former IRS audit managers and supervisors represent you and defend you during an IRS tax audit.
We are a full-service tax firm. that has over 100 years of combined IRS work experience.
When you call us we will give you a free initial tax consultation, walk you through the program and not only get you your IRS levy release but settle your case at the same time.
Feel free to come into our office, Skype us, or call us by phone for free initial tax consultation and we will walk you through the process of getting immediate releases of a banker wage garnishment levy.
There is a very methodical way to get your IRS levy released.
IRS will require a basic financial statement along with documentation and after review decide whether to put you into a currently not collectible, payment agreement or may encourage you to file an offer in compromise. After a review your financial statement we will be able to set up a course of strategy and get your levy released immediately.
As a general rule within 24 hours of receiving your current financial statement we can get your bank levy released by the Internal Revenue Service.
Information you need to know about the IRS bank levy.
A levy is a legal seizure of your property to satisfy a tax debt.
IRS Tax Levies are different from IRS Tax Liens.
A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.
Where does Internal Revenue Service (IRS) authority to levy originate?
The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax. See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
What actions must the Internal Revenue Service take before a levy can be issued?
There are requirements IRS must meet.
The IRS will usually levy only after these three requirements are met:
• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
• You neglected or refused to pay the tax; and
• The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
If you have moved and not let the Internal Revenue Service know, many tax payers find themselves between a rock and a hard place because IRS sends the last final notice to the last filed address on the tax return.
Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
When will the IRS issue a levy?
If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.
For instance, the IRS could levy property that is yours, but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
Or, the IRS could seize and sell property that you hold (such as your car, boat or house).
What if a levy on my wages, bank, or other account is causing a hardship?
If the levy on your wages is creating an immediate economic hardship, the levy must be released. If the levy on your bank account or other account is creating an immediate economic hardship, the levy may be released.
An economic hardship occurs when we have determined the levy prevents you from meeting basic, reasonable living expenses. In order for the IRS to determine if a levy is causing hardship, the IRS will usually need you to provide financial information so be prepared to provide it when you call.
A tax levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish a payment plan or take other steps to help you pay off the balance. To help ensure quick action, please have the fax number available for the employer, bank or other financial institution that is processing the levy.
When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
The waiting period is intended to allow you time to contact the IRS and arrange to pay the tax or notify the IRS of errors in the levy.
Generally, IRS levies are delivered via the mail. The date and time of delivery of the levy is the time when the levy is considered to have been made.
In the case of a bank levy, funds in the account are frozen as of the date and time the levy is received. Normally, the levy does not affect funds you add to your bank account after the date of the levy.
IRS Wage Levies may Follow 688-W
If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until:
• You make other arrangements to pay your overdue taxes,
• The amount of overdue taxes you owe is paid, or
• The levy is released.
Part of your wages may be exempt from the levy and the exempt amount will be paid to you. The exempt amount is based on the standard deduction and an “amount determined” calculated in part based on the number of dependents you are allowed for the year the levy is served.
The IRS mails Publication 1494 (PDF) with the levy which explains to your employer how to determine the amount exempt from levy.
Your employer will provide you with a Statement of Dependents and Filing Status to complete and return within three days.
If you do not return the statement in three days, your exempt amount is figured as if you are married filing separately with no dependents (zero). If you have other income sources, the IRS may allocate the exemptions to the other income source and levy on 100% of the income from a particular employer.
Levies are different from liens.
A lien is a legal claim against your property to secure payment of your tax debt, while a levy actually takes the property to satisfy the tax debt.
A federal tax lien comes into being when the IRS accesses a tax against you and sends you a bill that you neglect or refuse to pay it. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
You have the right to appeal if the IRS advises you of the intent to file a Notice of Federal Tax Lien. Your appeal rights are explained in IRS Publication 1660, Collection Appeal Rights (PDF).
When filed, the Notice of Federal Tax Lien is a public document that alerts other creditors that the IRS is asserting a secured claim against your assets.
Credit reporting agencies may find the Notice of Federal Tax Lien and include it in your credit report. An IRS levy is not a public record.
Call us today for free initial tax consultation and speak to a true IRS tax expert regarding your IRS bank levy or wage levy garnishment.
To recap everything, if you have an IRS bank levy or wage garnishment and you need an immediate release call us today we can handle any IRS tax problem you have
Once again, we are A+ rated by the BBB and have been in practice since 1982.
IRS Tax Attorney, Tax Lawyer, Tax Debt Relief Help + Levy, Wage Garnishments, Liens, Settlements, Audits, IRS Tax Attorney, Tax Lawyer, Tax Debt Relief Help + Levy, Wage Garnishments, Liens, Settlements, Audits + Newport News, Norfork, Virginia Beach, Chesapeake, Mechanicville
by Fresh Start Tax | Jul 23, 2019 | Tax Help
We are the Affordable, Experienced Professional Local Tax Firm, since 1982. A plus rated. We know IRS inside and out !!!
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
Within five minutes of reviewing your case we can give you complete pricing, a complete exit strategy in a way to get rid of IRS forever. with over 100 years of combined IRS experience and after working thousands of cases we can give you an immediate problem solve.
We have worked thousands of cases since 1982 and have over 100 years of working directly for the Internal Revenue Service.
We can help you with any IRS tax issue that you have, we have seasoned and veteran attorneys, CPAs and former IRS agents can help you with any IRS tax debt, IRS settlement called an offer compromise or offer you various types of IRS tax relief.
If you have any back IRS debt or filling issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982. Last year alone over 14 million people did not file or pay their taxes timely. WE CAN HELP!
We are former IRS agents, managers and teaching instructors and know all the methodologies, settlement theories and negotiation strategies to resolve any tax debt that may be facing you.
Since 1982 we have been resolving tax debt issues for thousands of clients. we can solve any IRS tax matter or issue and review with you carefully weigh possible to solve any IRS problem. We have worked thousands of cases and we have been former IRS agents, managers, supervisors and teaching instructors.
Within five minutes of hearing about your current situation we can give you an exact remedy to end your IRS tax problem file your back tax returns and settle your back tax problems.
Many of the taxpayers who call us need to file back tax returns and their variety of reasons why taxpayers have not who have not filed. The reason makes no difference.
The bottom line is, sooner or later you have to file back tax returns. We have a very easy and simple process to file all your back tax returns and settle your debt all at the same time.
Filing your Back Taxes with IRS
With or without records we can complete all your tax returns due to our enormous amount of experience we have in filing back tax returns. We can simply pull IRS transcripts and prepare all back tax returns or we can prepare back tax returns to the process of IRS reconstructions. As former IRS agents and auditors we know exactly how to file your back tax returns with no records.
Options for Settling IRS Tax Debt to IRS
There are three basic ways that taxpayers settle their current tax situation for back taxes with the Internal Revenue Service. There are different ways to settle IRS tax debt and there are generally three programs that the taxpayer can qualify for.
The first is a hardship or currently non-collectible program. There is good news and bad news about this program. After IRS takes a current documented financial statement, IRS may determine you are not collectible at the current time. IRS will suspend your case for a period of 1 to 3 years and put a freeze on it. The good news is IRS’s off your back for a couple of years and the bad news is penalties and interest still run on it. Taxpayer should also be aware that the case will come out every couple of years to be reviewed.
The second program is the installment agreement or monthly payment. After IRS takes a current financial statement they will determine how much money they expect from you on a monthly basis. IRS has certain national standards test that they use to determine if the taxpayer will be placed into a payment agreement. You can find the national standards on our site.
The third way to sell your debt is to qualify for an offer in compromise, this is where you can settle your debt for pennies on the dollar. it’s important for taxpayers to understand that not all are eligible for the offer in compromise program.
There is a pre-qualifier tool.
I suggest everyone who wants to go the route was the direction of the offer make sure they are truly qualified before wasting time and money. As a former IRS agent I taught the offer in compromise program at the IRS. I can tell you within seconds of your settlement candidate. After review of your current financial statement we will let you know which of the program to qualify for and start to remove IRS out of your life.
Call us today for free initial tax consultation and we will walk you through the process and tell you how many years you have to file and let you know the different tax strategies based on your current financial conditions. You will never have to speak to the Internal Revenue Service, ever. We handle all the communication. Feel free to call us by voice or Skype us directly.
We are a full-service firm with all work being done in-house. When you call our office you will speak to a true tax professional and not a salesperson. we know the system inside and out and have saved thousands of dollars for clients over the years.
Affordable IRS Tax Debt Relief Help + IRS Tax Lawyer, Tax Attorney + Settlements + Unfiled Back Tax Returns, + Newport News, Norfork, Virginia Beach, Chesapeake,
by Fresh Start Tax | Jul 23, 2019 | Tax Help
Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice.
You must keep records, such as receipts, canceled checks, and other documents that support an item of income, a deduction, or a credit appearing on a return as long as they may become material in the administration of any provision of the Internal Revenue Code, which generally will be until the period of limitations expires for that return.
Period of limitations for assessment of tax:
3 years – For assessment of tax you owe, this period is generally 3 years from the date you filed the return. Returns filed before the due date are treated as filed on the due date.
No limit – There’s no period of limitations to assess tax when you file a fraudulent return or when you don’t file a return.
6 years – If you don’t report income that you should have reported, and it’s more than 25% of the gross income shown on the return, or it’s attributable to foreign financial assets and is more than $5,000, the time to assess tax is 6 years from the date you filed the return.
Period of limitations for refund claims:
The later of 3 years or 2 years after tax was paid – For filing a claim for credit or refund, the period to make the claim generally is 3 years from the date you filed the original return (or the due date for filing the return if you filed the return before that date) or 2 years from the date the tax was paid, whichever is later.
7 years – For filing a claim for an overpayment resulting from a bad debt deduction or a loss from worthless securities, the time to make the claim is 7 years from when the return was due.
Property Records
Keep records relating to property until the period of limitations expires for the year in which you dispose of the property in a taxable disposition.
You must keep these records to figure your basis for computing gain or loss when you sell or otherwise dispose of the property.
Healthcare Insurance
You should keep records of your own and your family members’ health care insurance coverage, including records of employer-provided coverage or premiums paid and type of coverage for private coverage, so you can show that you and your family members had and maintained required minimum essential coverage.
If you’re claiming the premium tax credit, you’ll need information about any advance credit payments you received through the Health Insurance Marketplace, the premiums you paid, and the type of coverage you obtained at the Marketplace.
If you or any of your family members are exempt from minimum essential coverage, you should retain certificates of exemption you may receive from the Marketplace or any other documentation to support an exemption claimed on your tax return.
Business Income and Expenses
If you’re in business, there’s no particular method of bookkeeping you must use. However, you must use a method that clearly and accurately reflects your gross income and expenses.
The records should substantiate both your income and expenses. If you have employees, you must keep all your employment tax records for at least 4 years after the tax becomes due or is paid, whichever is later.
There you have it, straight from Internal Revenue Service through official response for record-keeping requirements for tax returns.
by Fresh Start Tax | Jul 23, 2019 | Tax Help
Before filing your return, make sure it’s correct and complete. It’s important that you review your entire return, even if you have someone else prepare it, because any errors may delay the processing of your return.
The following checklist may help you avoid common errors:
• Submitting your tax return electronically ensures greater accuracy than mailing your return. The e-file system often detects common errors and rejects your tax return, sending it back to you for correction. This could save you delays in processing your tax return. For more information, click on the e-file logo on our home page.
• Did you clearly print your name, taxpayer identification number, and current address, including your ZIP code, directly on your return?
• Did you choose only one correct filing status? See What Is My Filing Status?
• Did you enter the correct dependent information? Did you check the box to show that your dependent qualifies for the child tax credit or credit for other dependents?
• Did you enter the names and taxpayer identification numbers for everyone listed on your return? If using social security numbers, enter the names and numbers exactly as they appear on each person’s social security card. If there have been any name changes, be sure to contact the Social Security Administration at SSA.gov or call them at 800-772-1213.
• Did you enter your income on the correct lines? Did you attach Form 1040, Schedule 1.pdf, Additional Income and Adjustments to Income, if necessary?
• Did you calculate deductions and credits correctly, put them on the right lines, and attach the necessary forms or schedules?
• Did you put brackets around negative amounts?
• If you’re taking the standard deduction and checked any box indicating either you or your spouse are age 65 or older or are blind, did you find the correct standard deduction using the chart in the Form 1040 Instructions? See How Much Is My Standard Deduction?
• Did you figure the tax correctly? If you used the tax tables, did you use the correct column for your filing status?
• Did you sign and date the return? If it’s a joint return, did your spouse also sign and date the return?
• If you received an IP PIN (Identity Protection PIN) from the IRS, see “identity protection PIN” in the instructions for your form and The Identity Protection PIN (IP PIN) page.
• Do you have a Form W-2.pdf from each of your employers and did you attach Copy B of each Form W-2 to your return? If you have more than one job, combine the wage and withholding amounts from all Forms W-2 you received and report those amounts on one return.
• Did you attach each Form 1099-R.pdf that shows federal tax withholding?
• Did you attach all other necessary schedules and forms in the order of the sequence number shown in the upper right-hand corner?
• Did you use the correct mailing address from your tax form instructions?
• Did you use the correct postage on the envelope?
• If you owe tax, did you enclose a check or money order made payable to the “United States Treasury” with your return and include your name, address, taxpayer identification number, daytime telephone number, tax form, and tax year on the payment? For additional information, refer to Topic No. 158.
• If you’re due a refund and requested direct deposit, did you double-check your routing and account numbers for your financial institution?
This is it folks straight from the Internal Revenue Service the top mistakes and errors people make on their tax returns.
