IRS Tax Audit & Florida State Sales Tax Audit Help, Specialists + Tax Attorney + Tax Lawyer, Former Agents + Sunny Isles Beach, North Bay Village, Miami Shores, Cutler Bay

Michael Sullivan Fresh Start Tax Expert

Have true AUDIT tax experts represent you during an IRS or State tax audit. AFFORDABLE, SINCE 1982. We know the System. A plus Rated

 

Our experience is your best friend. STOP THE WORRY NOW!

We have over 200 years of professional tax experience and over 100 years of working directly for the government.

We know all the systems and protocols that the federal and state used to assure you the very best tax audit defense.

We have worked thousands of cases since 1982.

Our team of attorneys, lawyers former agents and CPAs have worked myriad of cases and know every single protocol necessary to provide your best possible IRS, sales tax audit defense.

We can take the cases to court file appeals and know the hazards of litigation if necessary.

We are a full-service firm with all work being done in-house.

 

Call us today for a free initial tax consultation and do not be bullied by the IRS or the Department of revenue we can stop them in their tracks.

We are the affordable professional firm located in South Florida.

 

You go to your mailbox and there it is, a nasty gram!

Everyone fears the dreaded letter from the IRS. You open it up and it is some of the worst news possible, ” you have been selected for a tax audit for years……….

There are ways you can protect yourself from a IRS Tax Audit.

As IRS Tax Attorneys, Former IRS Agents, Managers and Instructors we have discovered ways for the average taxpayer to keep themselves from a IRS tax audit.

When you retain our firm you’ll never have to speak to IRS or State.

As former IRS agents, managers and teaching instructors we know all the IRS systems, and the methodologies, and the best way to settle your tax case for the lowest amount possible. we know every possible ploy that the Internal Revenue Service

NOTE:

When dealing with the IRS the key making sure we can provide the very best tax defense, make sure the IRS will not dig into other years and if you’re going to owe money, work out a plan or a settlement at the same time.

How to Protect Yourself From Future Audits

 

1. Have your tax return prepared by a reliable tax return preparer. If your preparer promises large refunds without asking to see the proper records for deductions and credits, you know that you will be audited after the return has been filed.

When your tax return preparer deducts items that should have not been deducted, you’re the one who will be audited and you will be required to pay the additional tax, interest, and penalties.

If the IRS believes that your tax return preparer is incompetent or deducts large non-existent deductions, all of the returns prepared by that return preparer will more likely be selected for audit.

You do not want a tax return preparer who promises you the largest refund, but a tax return preparer who will compute the correct tax. It is recommended that you hire a tax return preparer who knows the tax law and who deducts items on the tax return that you can properly document.

Don’t forget you are ultimately responsible for the additional tax, interest, and penalties.

2. File all your required tax returns by the due date. If you haven’t filed your tax returns, the IRS will eventually audit on you.

By not filing your tax returns timely, the IRS will assess the failure to file penalty at 5% per month up to 25% of the tax. If the IRS determines that your failure to file was attributable to fraud, the penalty will be 15% per month up to 75% of the tax.

Thus, you are always better off filing the tax return by the due date, even if you don’t have the funds to pay the tax because you will not be assessed the failure to file penalties.

3. Report all of your income shown on the Form 1099’s that you have received. Even if you don’t receive 1099, you still have to report all of your income. If you file your tax return without reporting all of your income, you are risking an audit.

If the IRS audits your tax return and finds omitted income, you will be assessed tax on the omitted income plus interest on the tax computed from the due date of the tax return to the date that the tax is paid.

Then, the IRS will apply the 20% accuracy-related penalty or the 75% fraud penalty on the additional tax plus the interest on the penalties computed from the due date of the tax return to the date that it is paid.

4. Don’t deduct an office in a home. To qualify for an office in a home deduction, you must use the office for work and it must be your primary place of business. Most taxpayer’s abuse this deduction.

Unless your office in the home is your primary place of business, don’t take this deduction.

Further, let’s say that you properly documented that you used 15% of your residence for business, when you sell the residence, the IRS will correctly argue that 15% of the gain from the sale is taxable income. This will create unintentional tax liability on your part. Unless you have a compelling reason to take this deduction, stay away from it.

5. Don’t deduct a large Sch C loss, unless you truly have a loss. A large Sch C loss means that your business deductions exceeded your income from the activity.

The IRS will be questioning you on the source of the funds to pay for those excess deductions. You will need to document sources of the non-taxable income to pay for that loss. If you sold assets to fund the loss, you will need to document those sales.

The possible sources of the non-table income would include loans, gifts and inheritances. These sources will have to be documented to the IRS, if requested by them.

The documentation would include copies of checks, closing papers, gift tax returns of the person who made the gifts and estate tax returns for inherited funds.

6. Don’t deduct a loss from a business activity that the IRS can classify as a hobby loss unless you have the documentation for that loss.

If you deduct a loss from a horse racing, dog racing, car racing, a boat chartering activity or any other activity that is fun; the IRS will ask you to prove that the activity is engaged for profit.

Thus, you should have a separate bank account for these activities and a business plan on how you expect to make a profit from the activity. You will need to show valid business projections.

7. When you deduct donations of property to a charitable organization, you need to have the required documentation that will always include a valid appraisal. Only deduct what you actually donated to the charitable organizations and can verify with copies of canceled checks.

8. When you deduct a casualty loss, you need the proper documentation for the deduction. The documentation will always include an appraisal of the property before and after the casualty.

The amount reimbursed by insurance for the casualty. You will also need to prove your adjusted basis in the property before the casualty.

If you have a theft loss, make sure that you report the theft to the police and obtain a police report for the incident.

9. You should always be prepared for an audit by having in your possession all of the documents needed to verify the items shown on your tax return even before it is ever audited.

You do not want to search for the verification after your tax return has been selected for audit by the IRS.

10. If you are selected for a tax audit, call Fresh Start Tax LLC to ensure the best possible results.

Protect yourself from an IRS tax audit. Have Fresh Start Tax LLC prepare your next tax return. were true experts for the IRS tax audit or for sales tax state of Florida audit.

IRS Tax Audit Help + Florida State Sales Tax Audit Help, Specialists + Tax Attorney + Tax Lawyer, Former Agents

IRS Tax Lawyer, Tax Attorney * Owe IRS Back Tax * Debt Help * Tax Relief Experts * File * Settle + Sunny Isles Beach, North Bay Village, Miami Shores, Cutler Bay

Fresh Start Tax

Former IRS Agents can settle your back tax issues, we worked out of the local South Florida IRS offices. We know all the systems.

 

If you have any back IRS issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982. A plus Rated BBB.

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.

Also on staff are CPAs, enrolled agents a tax attorney, tax lawyer. We are true experts for all IRS collection audit and tax court matters.

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. Tax attorney’s and tax lawyers on staff.

 

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

 

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.

So, if you owe back tax debt and you need true expert tax help call the tax relief experts and specialists.

We can file all back tax returns and settle your case all at the same time.We are the go-too firm.

IRS Tax Lawyer, Tax Attorney * Owe IRS Back Tax * Debt Help * Tax Relief Experts * File * Settle + Sunny Isles Beach, North Bay Village, Miami Shores, Cutler Bay

IRS Tax Attorney, Tax Lawyer, Tax Debt Relief + Bank Levy, Wage Garnishments, Liens, Settlements, Offers + Sunny Isles Beach, North Bay Village, Miami Shores, Cutler Bay

 

Fresh Start Tax

We worked out of the local South Florida IRS offices as managers, instructors and supervisors. We are affordable  experts.

 

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. On staff, tax attorney, tax lawyer and a plethora of other professionals.

 

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 bank or  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 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 + Bank Levy, Wage Garnishments, Liens, Settlements, Offers + Sunny Isles Beach, North Bay Village, Miami Shores, Cutler Bay

IRS Tax Lawyer, Tax Attorney * Owe IRS Back Tax * IRS Debt Help * Tax Relief Experts * File * Settle + Key Largo, Tavernier, Islamorada, Layton, Plantation

Michael Sullivan Fresh Start Tax Expert

Former IRS Agents can settle your back tax issues, we worked out of the local South Florida IRS offices. We know all the systems.

 

If you have any back IRS issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982. A plus Rated BBB.

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.

Also on staff are CPAs, enrolled agents a tax attorney, tax lawyer. We are true experts for all IRS collection audit and tax court matters.

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. Tax Attorney’s and tax lawyers on staff.

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

 

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.

So, if you owe back tax debt and you need true expert tax help call the tax relief experts and specialists.

We can file all back tax returns and settle your case all at the same time.

IRS Tax Lawyer, Tax Attorney * Owe IRS Back Tax * IRS Debt Help * Tax Relief Experts * File * Settle + Key Largo, Tavernier, Islamorada, Layton, Plantation

IRS Tax Audit Defense + Florida State Sales Tax Representation, Affordable Specialists + Tax Attorney + Tax Lawyer, Former Agents + Key Largo, Tavernier, Islamorada, Layton, Plantation, Key West

 

Michael Sullivan Fresh Start Tax Expert

Have true AUDIT tax experts represent you during an IRS or State tax audit. AFFORDABLE, SINCE 1982. We know the System. A plus Rated

 

Our experience is your best friend. STOP THE WORRY NOW!

We have over 200 years of professional tax experience and over 100 years of working directly for the government.

We know all the systems and protocols that the federal and state used to assure you the very best tax audit defense.

We have worked thousands of cases since 1982.

Our team of attorneys, lawyers former agents and CPAs have worked myriad of cases and know every single protocol necessary to provide your best possible IRS, sales tax audit defense.

We can take the cases to court file appeals and know the hazards of litigation if necessary.

We are a full-service firm with all work being done in-house.

 

Call us today for a free initial tax consultation and do not be bullied by the IRS or the Department of revenue we can stop them in their tracks.

We are the affordable professional firm located in South Florida.

 

You go to your mailbox and there it is, a nasty gram!

Everyone fears the dreaded letter from the IRS. You open it up and it is some of the worst news possible, ” you have been selected for a tax audit for years……….

There are ways you can protect yourself from a IRS Tax Audit.

As IRS Tax Attorneys, Former IRS Agents, Managers and Instructors we have discovered ways for the average taxpayer to keep themselves from a IRS tax audit.

When you retain our firm you’ll never have to speak to IRS or State.

As former IRS agents, managers and teaching instructors we know all the IRS systems, and the methodologies, and the best way to settle your tax case for the lowest amount possible. we know every possible ploy that the Internal Revenue Service

NOTE:

When dealing with the IRS the key making sure we can provide the very best tax defense, make sure the IRS will not dig into other years and if you’re going to owe money, work out a plan or a settlement at the same time.

How to Protect Yourself From Future Audits

1. Have your tax return prepared by a reliable tax return preparer. If your preparer promises large refunds without asking to see the proper records for deductions and credits, you know that you will be audited after the return has been filed.

When your tax return preparer deducts items that should have not been deducted, you’re the one who will be audited and you will be required to pay the additional tax, interest, and penalties.

If the IRS believes that your tax return preparer is incompetent or deducts large non-existent deductions, all of the returns prepared by that return preparer will more likely be selected for audit.

You do not want a tax return preparer who promises you the largest refund, but a tax return preparer who will compute the correct tax. It is recommended that you hire a tax return preparer who knows the tax law and who deducts items on the tax return that you can properly document.

Don’t forget you are ultimately responsible for the additional tax, interest, and penalties.

2. File all your required tax returns by the due date. If you haven’t filed your tax returns, the IRS will eventually audit on you.

By not filing your tax returns timely, the IRS will assess the failure to file penalty at 5% per month up to 25% of the tax. If the IRS determines that your failure to file was attributable to fraud, the penalty will be 15% per month up to 75% of the tax.

Thus, you are always better off filing the tax return by the due date, even if you don’t have the funds to pay the tax because you will not be assessed the failure to file penalties.

3. Report all of your income shown on the Form 1099’s that you have received. Even if you don’t receive 1099, you still have to report all of your income. If you file your tax return without reporting all of your income, you are risking an audit.

If the IRS audits your tax return and finds omitted income, you will be assessed tax on the omitted income plus interest on the tax computed from the due date of the tax return to the date that the tax is paid.

Then, the IRS will apply the 20% accuracy-related penalty or the 75% fraud penalty on the additional tax plus the interest on the penalties computed from the due date of the tax return to the date that it is paid.

4. Don’t deduct an office in a home. To qualify for an office in a home deduction, you must use the office for work and it must be your primary place of business. Most taxpayer’s abuse this deduction.

Unless your office in the home is your primary place of business, don’t take this deduction.

Further, let’s say that you properly documented that you used 15% of your residence for business, when you sell the residence, the IRS will correctly argue that 15% of the gain from the sale is taxable income. This will create unintentional tax liability on your part. Unless you have a compelling reason to take this deduction, stay away from it.

5. Don’t deduct a large Sch C loss, unless you truly have a loss. A large Sch C loss means that your business deductions exceeded your income from the activity.

The IRS will be questioning you on the source of the funds to pay for those excess deductions. You will need to document sources of the non-taxable income to pay for that loss. If you sold assets to fund the loss, you will need to document those sales.

The possible sources of the non-table income would include loans, gifts and inheritances. These sources will have to be documented to the IRS, if requested by them.

The documentation would include copies of checks, closing papers, gift tax returns of the person who made the gifts and estate tax returns for inherited funds.

6. Don’t deduct a loss from a business activity that the IRS can classify as a hobby loss unless you have the documentation for that loss.

If you deduct a loss from a horse racing, dog racing, car racing, a boat chartering activity or any other activity that is fun; the IRS will ask you to prove that the activity is engaged for profit.

Thus, you should have a separate bank account for these activities and a business plan on how you expect to make a profit from the activity. You will need to show valid business projections.

7. When you deduct donations of property to a charitable organization, you need to have the required documentation that will always include a valid appraisal. Only deduct what you actually donated to the charitable organizations and can verify with copies of canceled checks.

8. When you deduct a casualty loss, you need the proper documentation for the deduction. The documentation will always include an appraisal of the property before and after the casualty.

The amount reimbursed by insurance for the casualty. You will also need to prove your adjusted basis in the property before the casualty.

If you have a theft loss, make sure that you report the theft to the police and obtain a police report for the incident.

9. You should always be prepared for an audit by having in your possession all of the documents needed to verify the items shown on your tax return even before it is ever audited.

You do not want to search for the verification after your tax return has been selected for audit by the IRS.

10. If you are selected for a tax audit, call Fresh Start Tax LLC to ensure the best possible results.

Protect yourself from an IRS tax audit. Have Fresh Start Tax LLC prepare your next tax return. were true experts for the IRS tax audit or for sales tax state of Florida audit,

IRS Tax Audit Help + Florida State Sales Tax Audit Help, Specialists + Tax Attorney + Tax Lawyer, Former Agents