by Fresh Start Tax | Mar 6, 2019 | Tax Help
We are former IRS agents and trust fund/payroll tax experts, since 1982. Since 1982 A+ rated by the BBB.
Whether you owe back payroll or 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.
Help For Trust Fund Recovery Penalty + Unpaid Employer Payroll Taxes * former irs agents
I have worked thousands and thousands of cases.
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.
We are the true tax experts.
Help For Trust Fund Recovery Penalty Appeals Process * former irs agent tax help
by Fresh Start Tax | Mar 5, 2019 | Tax Help
Many people feel that the Internal Revenue Service can never seize their Social Security benefits because they’re old and protected.
We are a local tax firm that specializes in immediate and permanent tax relief for an IRS tax levy or garnishment on Social Security benefits.
We have over 206 years of professional experience and have over 100 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the local South Florida IRS offices.
The fact is, almost any asset you have can be levied or garnished under the Internal Revenue Service code including the Social Security benefit for him including disability.
Social Security Benefits Eligible for the Federal Payment Levy Program
• Government Entities
Beginning in February 2002, Social Security benefits paid under Title II – Federal Old-Age, Survivors and Disability Insurance Benefits will be subject to the 15-percent levy through the Federal Payment Levy Program (FPLP); to pay your delinquent tax debt.
As of October 5, 2015, IRS will no longer systemically levy the SSA Disability Insurance Benefits through the FPLP.
The Old Age and Survivors Benefits will continue to be levied at 15% through the FPLP to pay your delinquent tax debt.
The lump sum death benefits and benefits paid to children are not included in the FPLP. Additionally, Supplemental Security Income (SSI) payments, under Title XVI, and payments with partial withholding to repay a debt owed to Social Security are not levied through the FPLP.
Beginning February 2011, the FPLP excludes certain delinquent taxpayers who receive social security payments if their income falls at or below certain established levels, based on the Department of Health and Human Services poverty guidelines.
Before your Social Security benefits are included in the FPLP, we will send you a final notice of our intent to levy, with appeal rights, if one has not already been issued.
If we don’t hear from you, or if you have already received this notice, we will send you an additional notice CP 91 or CP 298, Final Notice Before Levy on Social Security Benefits, explaining that your Social Security benefits may be levied.
See Tax Information for Appeals for additional information about your appeal rights.
You have 30 days from the date of this notice to make arrangements to pay your tax debt before we begin deducting 15 percent from your monthly benefit. See Publication 594, The IRS Collection Process, and Publication 1, Your Rights as a Taxpayer, for additional information.
Because the FPLP is used to satisfy tax debts, the IRS may levy your Social Security benefits regardless of the amount.
This is different from the 1996 Debt Collection Improvement Act which states that the first $750 of monthly Social Security benefits is off-limits to satisfy non-tax debts.
Fifteen percent of the Social Security benefit will be levied through the FPLP regardless of whether or not the remaining benefit sent to you is less than $750.
Is Levy/Garnish Social Security + Get Relief NOW * former irs agents + Ft.Lauderdale , Miami, Hallandale, Aventura, Pompano, Palm Beaches
by Fresh Start Tax | Mar 5, 2019 | Tax Help
Many people feel that the Internal Revenue Service can never seize their Social Security benefits because they’re old and protected.
The fact is, almost any asset you have can be levied or garnished under the Internal Revenue Service code including the Social Security benefit for him including disability.
If you have need a former IRS agent who can get your levy or garnishment released call us today for a free initial tax consultation.
Social Security Benefits Eligible for the Federal Payment Levy Program
• Government Entities
Beginning in February 2002, Social Security benefits paid under Title II – Federal Old-Age, Survivors and Disability Insurance Benefits will be subject to the 15-percent levy through the Federal Payment Levy Program (FPLP); to pay your delinquent tax debt.
As of October 5, 2015, IRS will no longer systemically levy the SSA Disability Insurance Benefits through the FPLP.
The Old Age and Survivors Benefits will continue to be levied at 15% through the FPLP to pay your delinquent tax debt.
The lump sum death benefits and benefits paid to children are not included in the FPLP. Additionally, Supplemental Security Income (SSI) payments, under Title XVI, and payments with partial withholding to repay a debt owed to Social Security are not levied through the FPLP.
Beginning February 2011, the FPLP excludes certain delinquent taxpayers who receive social security payments if their income falls at or below certain established levels, based on the Department of Health and Human Services poverty guidelines.
Before your Social Security benefits are included in the FPLP, we will send you a final notice of our intent to levy, with appeal rights, if one has not already been issued.
If we don’t hear from you, or if you have already received this notice, we will send you an additional notice CP 91 or CP 298, Final Notice Before Levy on Social Security Benefits, explaining that your Social Security benefits may be levied.
See Tax Information for Appeals for additional information about your appeal rights.
You have 30 days from the date of this notice to make arrangements to pay your tax debt before we begin deducting 15 percent from your monthly benefit. See Publication 594, The IRS Collection Process, and Publication 1, Your Rights as a Taxpayer, for additional information.
Because the FPLP is used to satisfy tax debts, the IRS may levy your Social Security benefits regardless of the amount.
This is different from the 1996 Debt Collection Improvement Act which states that the first $750 of monthly Social Security benefits is off-limits to satisfy non-tax debts.
Fifteen percent of the Social Security benefit will be levied through the FPLP regardless of whether or not the remaining benefit sent to you is less than $750.
by Fresh Start Tax | Mar 4, 2019 | Tax Help
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Fresh Start Tax is a Christian Based Tax Resolution Company Helping Christians Successfully Resolve Their IRS and State Tax Problems.
We are completely faith-based and know every possible remedy for IRS and state tax problems.
Whether you need to file back taxes solve the tax debt or have a notice or letter that needs attention call us today for a free consultation.
Call us today for a free initial tax consultation and find out the truth.We are a nationwide tax firm helping thousands of individuals since 1982.
We are composed of CPAs, former IRS agents, former IRS revenue officers, revenue agents and appellate agents.
We have over 200 years of direct work experience in the tax profession in over 100 years of working directly for the Internal Revenue Service.
We are a full-service tax firm specializing in IRS and state tax debt relief.
We have been in private practice since 1982 and are A plus rated by the BBB.
Call us today for a free initial tax consultation. all work is done in-house and has been since 1982. we are A+ rated by the Better Business Bureau.
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by Fresh Start Tax | Mar 4, 2019 | Tax Help
We are former IRS agents and trust fund/payroll tax experts, since 1982.
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 are a local South Florida tax firm whose former IRS agents, managers and teaching instructors worked out of the local South Florida IRS tax offices.
If you will owe back IRS payroll taxes, you should know that the IRS will generally set up the trust fund penalty get responsible persons who will the back taxes.
Those trust fund penalties are set up to those responsible individuals that the IRS deems had the responsibility to pay the back taxes.
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. You’re 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.
If you have received the notice are CP 15 B call us today and we can discuss your options based on your given in certain circumstances.
The CP15B letter or notice states that the IRS has charged you a Trust Fund Recovery Penalty (TFRP) for not paying employment or excise taxes.
What you need to do
• Read your notice carefully. It will explain your amount due, due date, and payment options.
Answers to common questions
Why was I assessed this penalty?
We charged you the TFRP for willfully failing to collect, account for, or pay employment or excise taxes. Find additional information for Employment Taxes and the Trust Fund Recovery Penalty (TFRP).
What happens if I don’t respond to this notice?
Interest will continue to accrue until the balance is paid.
Am I charged interest on the money I owe?
Not if you pay the full amount you owe by the due date on the payment coupon. However, interest accrues on the unpaid amount after that date.
What should I do if I disagree with the notice?
If you disagree with the penalty charge you may file a suit for refund.
To do so, you must:
• pay the withheld tax for one employee for each quarter of liability you disagree with, and
• file a claim for refund on Form 843, Claim for Refund and Request for Abatement, for the amount.
Call us today for a free initial tax consultation and we can walk you through the process whether you need to pay the tax profile objection to the trust fund penalty itself.
Help for IRS Payroll, Trust Tax Fund Problems * former irs agents + Ft.Lauderdale, Miami, Boca Raton, Palm Beaches, Aventura, Pembroke Pines, Miramar
