by Fresh Start Tax | Mar 22, 2019 | Tax Help
Did the IRS send you a notice or letter proposing an individual tax assessment?
As former IRS ages and teaching instructors we can walk you through the process of the next step in going over every possible solution to minimize the tax that the Internal Revenue Service is trying to propose at some point will want to collect.
When you receive this letter from the Internal Revenue Service they are letting you know that they have no record of receiving any tax return from you.
in most cases the tax returns were never sent in an IRS must follow up on this. The IRS process and method of this is by proposing an individual tax assessment and the letter 2566 is their methodology to let you know you some back tax money to the Internal Revenue Service because of your lack of filing a tax return.
Many times these assessments are not correct but IRS simply does not have all the facts and information.
IRS uses their computer system and their information bank to prepare this proposed tax assessment. The Internal Revenue Service searches W-2s, 1099s, and other third-party information forms to prepare this tax return.
If this is happened to you and you disagree with the tax assessment and don’t know what to do call us today for a free initial tax consultation and we will walk you through the process.
We are a full-service tax firm tax has worked thousands of cases since 1982
Info on the Letter
Tax Information Center : IRS : Audits and Tax Notices
IRS Letter 2566 – Proposed Individual Tax Assessment
The IRS has no record of receiving your tax return so they have proposed taxes due based on information they received from others.
IRS Letter 2566, Proposed Individual Tax Assessment
Why you received IRS Letter 2566
You did not file a tax return for the year shown on the notice.
The IRS received income information reported under your tax identification number from others, such as employers, financial institutions, and other payers.
The IRS sent Letter 2566 to notify you that since you did not file a tax return as required, the IRS prepared one for you, using the information they have from others.
This notice will include a report showing all income items and the taxes, penalties, and interest proposed.
You have the right to file an original return which may reduce the amount of the proposed taxes.
Notice deadline: 30 days
If you miss the deadline:
You will lose your right file an appeal with the IRS Office of Appeals and the IRS will send you a Statutory Notice of Deficiency which gives you 90 days to file a petition with the U.S. Tax Court before the IRS records the tax liability to your tax account.
However, you can still file an original tax return after the tax liability is recorded.
Want more help? Call us today for free initial tax consultation and we can walk you through the process.
Help Received IRS Letter 2566 + Proposed Individual Tax Assessment * former irs agent help
by Fresh Start Tax | Mar 22, 2019 | Tax Help
Have you received an initial contact letter from the Internal Revenue Service because IRS prepared your tax return?
You may want to consider calling us today to find me out your options about what to do and what the next steps are.
We are former IRS agents and managers who understand the complete processes and the methodologies of the Internal Revenue Service. this is a very easy system to understand.
Know one thing for sure, the Internal Revenue Service will follow-up on this information and eventually propose a tax assessment against you.
How to understand the process.
When the Internal Revenue Service sends out IRS letter 1862, they generally have information on their K2 computer system that they have received W-2, 1099s or third-party information that required the taxpayer to file a tax return.
Third parties are required to report to Internal Revenue Service.
This is called the matching program. Basically, they match up the third-party information to tax returns. If there is no tax return filed it sends out a fly in IRS generates a notice.
Tax Information Center : IRS : Audits and Tax Notices IRS Letter 1862 – Initial Contact Letter – Substitute for Return Program
What the Letter spells out:
The IRS has no record of receiving your tax return, so they have proposed taxes due based on information they received from others.
Why you received IRS Letter 1862
1. You did not file a tax return for the year shown on the notice.
2. The IRS received income information reported under your taxpayer identification number from others, such as employers, financial institutions, and other payers.
3. The IRS sent Letter 1862 to notify you that since you did not file a tax return as required, the IRS prepared one for you, using the information they have from others.
This notice will include a report showing all income items and the taxes, penalties, and interest proposed.
You have the right to file an original return which may reduce the amount of the proposed taxes.
Notice deadline: 30 days
If you miss the deadline:
You will lose your right file an appeal with the IRS Office of Appeals and the IRS will send you a Statutory Notice of Deficiency which gives you 90 days to file a petition with the U.S. Tax Court before the IRS records the tax liability to your tax account.
However, you can still file an original tax return after the tax liability is recorded.
Need help, call us today for a free initial tax consultation.
by Fresh Start Tax | Mar 21, 2019 | Tax Help
At some point in time you open your mail and there’s that dreaded letter.
The Internal Revenue Service is looking for tax return. Opps , now what!
You either forgot or never filed so what is the next step ?
As former IRS agents managers and teaching instructors, the best advice we have for you is get that tax return prepared and send into the Internal Revenue Service or else IRS will prepare your tax return and you will pay the most allowed by law.
The IRS process is simple.
The IRS computers are generally two years later catching up to prior years. So if you have not filed a current tax returns, IRS will take anywhere between 18 months to three years to ask you for back tax returns.
The reason is very simple the manpower, the computer overload and keeping up with response time.
The IRS has certain freeze codes on Social Security numbers. If they see no tax returns are filed, it knows from past tax returns, filters, W-2’s, 1099 etc, whether a tax return should be filed or not.
At that point in time, IRS many times will send out CP 59 letter asking for a back tax return.
The reason you want to file the return is IRS has the option under 6020 B to prepare your back tax return.
If IRS 6020 B’s your back tax return you will pay the whole highest amount allowed by law because you will be claim single not married and get no exemptions, dependants, or any available credits.
If you need more help or information, call us today for free initial tax consultation and hear the truth about receiving IRS notices or letters especially if they want a tax return.
RECEIVED IRS NOTICE/LETTER + IRS WANTS YOUR TAX RETURN * former irs agent help + IRS Notice-CP59
by Fresh Start Tax | Mar 21, 2019 | Tax Help
A CHRISTIAN TAX SERVICES FIRM <><
We are former IRS agents who worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true affordable experts for those who have unpaid, unfiled back payroll taxes.
Whether you owe back payroll, have unfiled tax returns, may owe upcoming trust fund taxes or you need to settle the tax debt, call us today for a free initial tax consultation and I can walk you through the process and answer all the questions you have.
I have worked thousands and thousands of cases.
One call to OUR FIRM and you will understand the knowledge that we have we know every available option.
As a former IRS agent I can tell you that the Department of treasury actively works payroll tax cases because the reality is, its not a tax, but money that has been held in trust by a third-party that needs to be paid back to the United States government.
The United States government gives refunds to all those who filed W-2s on their 1040s even though companies and corporations did not submit their payroll taxes therefore the government takes the nonpayment of payroll taxes seriously.
Many times when businesses run short of income they draw from your payroll tax accounts to pay current bills such as electric employees wages licensing, products and anything else to keep their doors open always hoping you’ll make some money down the road to pay their back payroll taxes.
The reality is many times this does not happen.
When the IRS comes knocking on the door the first thing the IRS will want this to make sure that all back payroll taxes have been filed so if there’s unfiled tax returns the government immediately wants to have those filed ASAP.
The government will then take a current financial statement to see how the company or corporation will pay the money back plus run a full compliance check to make sure that the business is current and up-to-date.
If the government finds it cannot collect that payroll taxes they will start to set up what are called trust fund penalties against corporate officers. they will treat those taxes as though you will individual tax.
As former IRS agents we could help file your back tax returns work out a settlement with the Internal Revenue Service so you can keep your business open and minimize the expect from the trust fund penalty.
As former IRS agents I have set up hundreds and hundreds of trust fund cases on corporations that went defunct or companies that required the trust fund penalty. We know the system inside and out and understand all the methodologies and all the defenses to get you successful results.
Those trust fund penalties are set up to those responsible individuals that the IRS deems had the responsibility to pay the back taxes. Discussion below regarding those deemed responsible.
There are a whole series of standards in common-law fact that the IRS checks before they set the trust fund penalty up against those responsible.
There are generally two types of taxpayers and fall in this category. Those that signed and agreed to the penalty and those who disagreed and need to file an appeal.
Both cases are work differently.
If you owe back taxes result of the trust fund penalty, IRS will require a financial statement to make a determination on how they will collect the back taxes. The tax treatment you will receive from the IRS and/or revenue officer will be as though you owe individual taxes.
Your current financial statement will reflect to IRS your collectibility.
As a result of IRS reviewing your current financial statement, you are generally going to have your case closed by Internal Revenue Service in one of three ways.
They will either place your case into:
1. a currently not collectible or hardship status,
2 IRS will ask for a monthly payment plan,
3. You may be able to settle your debt pennies on the dollar though the offer in compromise programs.
For those of you who do not agree with the trust fund penalty, you can file an 843 claim form to have your case reopened or to file an offer in compromise, doubt as to liability case.
If you do not know what to do need a free tax consultation call us today.
What is the Trust Fund Tax or the 6672 penalty.
A trust fund tax is money withheld from an employee’s wages (income tax, Social Security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.
When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks.
The income tax and employees’ share of FICA (Social Security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.
Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (FTD) (PDF). That is why they are called trust fund taxes.
Through this withholding, your employees pay their contributions toward retirement benefits (Social Security and Medicare) and the income taxes reported on their tax returns.
Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit System.
For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).
Employment tax deposits are a current expense. Congress has established large penalties for delays in turning over your employment taxes to the Treasury.
So whether you owe trust fund taxes, back payroll taxes or need to file an appeal call us today and we can walk you through the process for free initial tax consultation.
When you do you will speak to true CHRISTIAN IRS tax experts.
Christian Tax Services Help + UNPAID or UNFILED BACK PAYROLL TAXES * former irs, experts
by Fresh Start Tax | Mar 21, 2019 | Tax Help
We are former IRS agents who worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true affordable experts for those who have unpaid, unfiled back payroll taxes.
Whether you owe back payroll, have unfiled tax returns, may owe upcoming trust fund taxes or you need to settle the tax debt, call us today for a free initial tax consultation and I can walk you through the process and answer all the questions you have.
I have worked thousands and thousands of cases.
As a former IRS agent I can tell you that the Department of treasury actively works payroll tax cases because the reality is, its not a tax, but money that has been held in trust by a third-party that needs to be paid back to the United States government.
The United States government gives refunds to all those who filed W-2s on their 1040s even though companies and corporations did not submit their payroll taxes therefore the government takes the nonpayment of payroll taxes seriously.
Many times when businesses run short of income they draw from your payroll tax accounts to pay current bills such as electric employees wages licensing, products and anything else to keep their doors open always hoping you’ll make some money down the road to pay their back payroll taxes.
The reality is many times this does not happen.
When the IRS comes knocking on the door the first thing the IRS will want this to make sure that all back payroll taxes have been filed so if there’s unfiled tax returns the government immediately wants to have those filed ASAP. The government will then take a current financial statement to see how the company or corporation will pay the money back plus run a full compliance check to make sure that the business is current and up-to-date.
If the government finds it cannot collect that payroll taxes they will start to set up what are called trust fund penalties against corporate officers. they will treat those taxes as though you will individual tax.
As former IRS agents we could help file your back tax returns work out a settlement with the Internal Revenue Service so you can keep your business open and minimize the expect from the trust fund penalty.
As former IRS agents I have set up hundreds and hundreds of trust fund cases on corporations that went defunct or companies that required the trust fund penalty. We know the system inside and out and understand all the methodologies and all the defenses to get you successful results.
Those trust fund penalties are set up to those responsible individuals that the IRS deems had the responsibility to pay the back taxes. Discussion below regarding those deemed responsible.
There are a whole series of standards in common-law fact that the IRS checks before they set the trust fund penalty up against those responsible.
There are generally two types of taxpayers and fall in this category. Those that signed and agreed to the penalty and those who disagreed and need to file an appeal.
Both cases are work differently.
If you owe back taxes result of the trust fund penalty, IRS will require a financial statement to make a determination on how they will collect the back taxes. The tax treatment you will receive from the IRS and/or revenue officer will be as though you owe individual taxes.
Your current financial statement will reflect to IRS your collectibility.
As a result of IRS reviewing your current financial statement, you are generally going to have your case closed by Internal Revenue Service in one of three ways.
They will either place your case into:
1. a currently not collectible or hardship status,
2 IRS will ask for a monthly payment plan,
3. You may be able to settle your debt pennies on the dollar though the offer in compromise programs.
For those of you who do not agree with the trust fund penalty, you can file an 843 claim form to have your case reopened or to file an offer in compromise, doubt as to liability case.
If you do not know what to do need a free tax consultation call us today.
What is the Trust Fund Tax or the 6672 penalty.
A trust fund tax is money withheld from an employee’s wages (income tax, Social Security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.
When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks.
The income tax and employees’ share of FICA (Social Security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.
Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (FTD) (PDF). That is why they are called trust fund taxes.
Through this withholding, your employees pay their contributions toward retirement benefits (Social Security and Medicare) and the income taxes reported on their tax returns.
Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit System.
For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).
Employment tax deposits are a current expense. Congress has established large penalties for delays in turning over your employment taxes to the Treasury.
So whether you owe trust fund taxes, back payroll taxes or need to file an appeal call us today and we can walk you through the process for free initial tax consultation. When you do you will speak to true IRS tax experts.
