by Fresh Start Tax | Jun 19, 2019 | Tax Help
Have true AUDIT tax experts represent you during an IRS or state tax audit. AFFORDABLE, SINCE 1982
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.
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 Attorney, Sales Tax Lawyer, Former IRS + Affordable IRS Tax Audit Defense
by Fresh Start Tax | Jun 19, 2019 | Tax Help
We are Former IRS Agents that worked out of the local South Florida IRS offices. We know all the systems. Since 1982, Affordable.
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
As a firm, we worked thousands of cases. We have over 200 years of direct federal and state tax experience and have over 100 years of working for the IRS.
We are one of the most experienced and established South Florida tax firms and we are located right here in your backyard.
We are the affordable tax firm that have been practicing in South Florida since 1982.
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.
IRS Tax Problem Help + Tax Lawyer, IRS Attorney + Owe Back Tax Debt + Ways To Settle + File Back Tax Returns + Hollywood, Hallandale, Aventura, Miami Gardens, Miami Springs
by Fresh Start Tax | Jun 18, 2019 | Tax Help
Have affordable, seasoned sales tax audit specialist successfully defend you for a Florida sales tax audit, since 1982 A+ rated. Get the Best. A plus rated.
Do not be suckered in or be bullied into the Florida Department of revenue. Fight back! Use Tax Attorneys, Lawyers, and former agents who know the system and are not bullied.
We know the system!
We have over 200 years of professional tax experience and over 100 years working for government agencies.
We are true experts for all tax audits in the government sectors. We are a local tax firm specializing in sales tax audits.
Cash Businesses, Easy Targets.
The state of Florida sales tax is hitting our gas station and convenience stores because of unreported cash income.
They find easy targets because they find people dealing in cash scared of the government. But you should not be scared because when you receive cash you still have many expenses.
What sales tax is currently doing is taking gross revenues and saying that 85% is taxable and adding penalties and interest without looking at any records or real numbers.
If this happens to you contact us today as we are what are your best source for state of Florida sales tax defense.
The state of Florida sales tax is doing this to streamline their processes and hoping that some people would bite to scared to answer the Department of revenue sales tax division.
Do not be scared of the state of Florida sales tax audit contact former agents who know the system.
Also a big no-no, if you have received a self audit notice from the state of Florida Department of revenue do not send that in it is a trap.
What to Expect from a Florida Tax Audit
The Florida Department of Revenue audits businesses to find out whether state taxes were collected, reported, and paid correctly.
Although an audit is an enforcement tool to monitor and evaluate tax compliance, it can also be educational and promote voluntary compliance.
During an audit, the Department can help businesses identify and correct bookkeeping problems that could cause additional tax liabilities.
Audits may not always result in an assessment of additional tax, penalty or interest. The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How/Why Was I Selected for an Audit?
The methods of audit selection vary by tax. Some examples of sources used for audit selection are:
• Internal Revenue Service (IRS) information,
• Information sharing programs with other states and state agencies,
• Analysis of Florida tax return information.
When notified of the Department’s intent to audit, you will be informed as to what records you will need to provide.
The types of records needed may include, but are not limited to:
• General ledgers and journals
• Cash receipt and disbursement journals
• Purchase and sales journals
• Sales tax exemption or resale certificates
• Florida tax returns
• Federal tax returns
• Depreciation schedules
• Property records
• Other documentation to verify amounts entered on tax returns
You must keep your records for three years for auditing purposes.
The Department may also audit for periods longer than three years if you did not file a return or payment, or filed a return or payment that was substantially incorrect.
After the audit is complete, you may review the audit findings and proposed changes. The auditor will give you a copy of the work papers and explain your rights, including deadlines for filing protests.
If you agree with the audit findings, you are expected to pay the amount due in full, if any. You have the right to protest the proposed changes if you disagree with them.
Throughout the audit process, communication is vital.
After the Notice of Intent to Audit Books and Records is issued, the auditor will work with you to set a date to begin the audit. The auditor will give you deadlines for providing information or documentation.
If you need additional time to prepare, or need to request a delay for other reasons, contact the auditor. The auditor will make every effort to accommodate your requests.
If you fail to respond or provide the requested information, the Department may issue an assessment and file a warrant based on the best available information.
Call us for a free tax consult. Speak to attorneys, lawyers, and former agents to hear the truth about a sales tax audit.
If you are going to undergo a Florida sales tax audit or need a second opinion call former agents who can give you true expert tax help who know all the negotiation tips and methodologies of Florida sales tax audits.
Florida Sales Tax AUDIT HELP, Specialists ^ AFFORDABLE ^ Tax Attorneys ^ Tax Lawyers ^ Former Agents + Hollywood, Hallandale, Aventura, Miami Gardens, Miami Springs +
by Fresh Start Tax | Jun 18, 2019 | Tax Help
We are Former IRS Agents that worked out of the local South Florida IRS offices. We know all the systems. Since 1982, Affordable.
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
We are the affordable tax firm that have been practicing in South Florida since 1982.
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.
IRS Tax Problem Help + Tax Lawyer, IRS Attorney + Owe IRS Back Tax Debt + Ways To Settle + File Back Tax Returns + South Miami, Kendall, Westwood, Doral, Medley, Homestead, Miami
by Fresh Start Tax | Jun 17, 2019 | Tax Help
Have true AUDIT tax experts represent you during an IRS or state tax audit. AFFORDABLE, SINCE 1982
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.
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.
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 a 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.
IRS Tax Audit Attorney, Sales Tax Lawyer, Former IRS + Affordable IRS Tax Audit Defense
