by Fresh Start Tax | Mar 22, 2019 | Tax Help
If you received a notice or letter from Internal Revenue Service that the government is trying to collect unpaid taxes and you need to file tax returns you may want to jump on this right away.
IRS considers this a double whammy.
IRS classifies cases by filing and paying status and if you have unfiled taxes and owe back tax, you got a double bonus with IRS and this is more of a serious nature to Internal Revenue Service than a simple filing issue.
The Internal Revenue Service will keep a close eye on this case.
Why do I know that?
I am a former IRS agent and teaching instructor and taxpayers that have not filed and paid their tax bill and have unpaid taxes our watched more closely because these cases can get out of hand a lot quicker and IRS want keep a tight watch to make sure these type of cases do not get out of control.
The dollar the unpaid taxes in the amount of tax returns not filed are a key issue to the IRS’s watchful eye.
IRS usually assigns more seasoned agents or officers on this case to make sure the taxpayer stays in both paying and filing compliance.
This is why you may want to call us.
We are former IRS agents and managers who know the systems and methodologies involved in dealing with the Internal Revenue Service.
Whatever you do take this serious because IRS will tend to follow-up with enforcement action on these cases the get your attention.
What is enforcement action:
You can probably expect the filing of a federal tax lien, the possibility of wage or bank levy garnishments and maybe a knock on your door asking for a financial statement in the threat of virus seizing assets.
A simple call to the IRS giving them the information they need will stop IRS.
By giving us a simple power of attorney and retaining us, we can stop the IRS and work out an agreement that you can live with and in the meantime file your returns to keep IRS happy.
Call us today for a free initial tax consultation.
We have over 200 years of combined IRS work experience, over 100 years of direct IRS work experience and of worked thousands of cases.
We are A+ rated by the Better Business Bureau and been in practice since 1982.
Did You receive a LT16????
What this notice is about:
If you received a simple LT16 notice, it’s because we’re trying to collect unpaid taxes from you and/or our files show we’re missing tax returns from you.
It is essential that you take action in order to avoid potential enforcement action, which can include seizing your assets or wages.
We are here, call us if you need us.
by Fresh Start Tax | Mar 22, 2019 | Tax Help
If you just got have got a letter that IRS is going to terminate your installment of treatment you better take corrective action immediately. Don’t Wait.
As a former IRS agent and teaching instructor with the Internal Revenue Service the IRS computer system generates a notice or letter when an installment payment is not made timely.
The IRS computer system flags the Social Security number and activates an IRS notice or letter in this case the CP 523 or the CP 523H letter letting the taxpayer know that they plan to terminate the IRS the installment repayment arrangement that they currently have in place.
What does this mean if the Internal Revenue Service terminates your installment agreement?
When the IRS terminates your installment agreement, you set the wheels in motion all over again of the Internal Revenue Service reprocessing your case, taking a new financial statement, and making a new disposition of your case based on new financial facts.
It may make your life easier or make your life worse. your current financial statement means everything and how IRS is your dispose of your current case.
A little bit of trust leaves the Internal Revenue Service because you have failed to keep a legal and binding contract with the United States government.
The facts will be based on a new set of income and expense statements. This pretty much means your case starts all over again and IRS will be a little tougher than they were the first go around.
If you do not respond to the letter, IRS may follow-up with a notice of bank levy or wage garnishment or the filing of a federal tax lien
You do not want disregard this notice of termination because IRS will follow this up with full enforcement action if you do not contact them.
We recommend you contact the Internal Revenue Service immediately.
If your financial condition has changed and you wish to make a change the payment or installment arrangement, file an offer in compromise or may ask for IRS to put you in a hardship, call today for free initial tax consultation.
Remember, the most important thing that you can do is contact the IRS to stop the enforcement action that is the next step.
Planning for the call and the confrontation is equally important because IRS will make this new determination which is going to alter your current financial condition.
Do not take this lightly.Once you break your current installment agreement that gives IRS the immediate right to send out a notice of bank levy, wage garnishment or the filing of a federal tax lien.
We are available for free initial tax consultations in which you will hear the truth about your case and maybe find a different solution to resolving your IRS tax debt.
Got A Letter From IRS Letter Terminating Your Installment Agreement + Fix It Now * former irs agents
by Fresh Start Tax | Mar 22, 2019 | Tax Help
If you have received an IRS notice or letter that they’re going to terminate your installment of treatment you better take corrective action immediately.
As a former IRS agent and teaching instructor with the Internal Revenue Service the IRS computer system generates a notice or letter when an installment payment is not made timely.
The IRS computer system flags the Social Security number and activates an IRS notice or letter in this case the CP 523 or the CP 523H letter letting the taxpayer know that they plan to terminate the IRS the installment repayment arrangement that they currently have in place.
What does this mean if the Internal Revenue Service terminates your installment agreement?
When the IRS terminates your installment agreement, you set the wheels in motion all over again of the Internal Revenue Service reprocessing your case, taking a new financial statement, and making a new disposition of your case based on new financial facts.
A little bit of trust leaves the Internal Revenue Service because you have failed to keep a legal and binding contract with the United States government.
The facts will be based on a new set of income and expense statements. This pretty much means your case starts all over again and IRS will be a little tougher than they were the first go around.
If you do not respond to the letter, IRS may follow-up with a notice of bank levy or wage garnishment or the filing of a federal tax lien
You do not want disregard this notice of termination because IRS will follow this up with full enforcement action if you do not contact them.
We recommend you contact the Internal Revenue Service immediately.
If your financial condition has changed and you wish to make a change the payment or installment arrangement, file an offer in compromise or may ask for IRS to put you in a hardship, call today for free initial tax consultation.
Remember, the most important thing that you can do is contact the IRS to stop the enforcement action that is the next step.
Planning for the call and the confrontation is equally important because IRS will make this new determination which is going to alter your current financial condition.
Do not take this lightly.
We are available for free initial tax consultations in which you will hear the truth about your case and maybe find a different solution to resolving your IRS tax debt.
Help With IRS Going to Terminate your Installment Agreement + IRS Notice/Letter CP523H * former irs agent tax help
by Fresh Start Tax | Mar 22, 2019 | Tax Help
If you have received any IRS notice or letter and you need any help whatsoever, call former IRS agents and managers who know the system and can get results.
Since 1982, we have worked thousands of cases and are A+ rated by the BBB and can resolve most cases over the phone.
We are true experts for all IRS tax matters.
On staff are former IRS agents, revenue officers, office auditors, appellate agents, revenue agents and a host of other tax professionals that can address any IRS need to you have.
From a simple IRS notice or letter going to appeals preparing for Tax Court review all work in-house.
Understanding your LT33 Notice
IRS received your payment; however, there’s still an outstanding balance.
What you need to do:
• Pay the balance due to the address on the letter within 10 days from the date of the letter.
• If you’ve already paid the balance, call the telephone number listed on the letter.
• If you can’t pay the full amount, call us to make a payment arrangement.
• If you think you don’t owe additional tax, call the telephone number listed on the letter.
Have any questions, call us today for a free initial tax consultation. Most cases we work are resolved right over the telephone.
by Fresh Start Tax | Mar 22, 2019 | Tax Help
If the Internal Revenue Service has penalized your pension plan call us today.
We are former IRS agents who may be able to help you through the process.
Many times the IRS sends letter will notice CP 295 informing those of penalties associated with their pension plans. You have different options.
As former IRS agents & managers there were many reasonable causes that can exist when IRS assesses you a penalty on any matter and situation.
We will discuss thoroughly the facts of your case and come up with a definitive plan of action to move forward.
Call us today if you have any questions and let’s see if we can help minimize the penalty damage the IRS may take on your financial life.
The letter will say:
We charged you a penalty on your Form 5500.
What you need to do
• Pay the amount due to avoid additional penalty and interest charges.
However many times penalties can be abated for reasonable cause. When you call us we will walk through your situation and find out if reasonable cause exist and abatement of penalty is warranted.
Answers to common questions
What if I don’t pay the amount by the due date?
Additional penalties and interest will accrue.
Can I request the penalty be removed or reduced?
If you believe we should consider a penalty, mail a signed statement to the address on your notice.
Identify which penalty you want reconsidered and why.
We’ll review the information and let you know in approximately 45 days if we accept your explanation.
As former IRS agents and managers it is best not to do this by yourself because IRS has their best interest in mind and many times will not abate the penalties and interest.
