by Fresh Start Tax | Dec 8, 2015 | Tax Help
If you have not filed back tax years of personal income taxes, stop the worry, as former IRS Managers we know the system.
We can file and settle all at the same time. Since 1982, A plus rated BBB, AFFORDABLE
We have over 65 years of working directly for the Internal Revenue Service and the local, district, regional tax offices of the Internal Revenue Service.
Not only did we work as former IRS agents, we also worked as managers and teaching instructors. We were also the job instructors for new IRS employees. we know this system inside and out.
If you need to file back tax year’s personal income tax returns, you can file and settle your personal income taxes on back taxes at the same time.
If you will owe back taxes we will work out a settlement for you as well.
We can prepare any back tax returns with little or no tax records.
Being former IRS agents managers and teaching instructors we know how to reconstruct your tax return with almost little or no information. We have worked on thousands of cases since 1982.
We will make a determination on how many personal incomes tax returns you should file.
As a general rule we will recommend anywhere from 3 to 6 tax years.
We know all the systems in all the protocols to make this an easy and seamless process.
Filing Back Tax Return Years
There is a very specific format and methodology to go ahead and take care of your IRS tax matter.
Many taxpayers need to file multiple back tax returns because for various reasons they stop filing their tax returns.
The reason make no difference, just file and be done with this once and for all. This can be a very seamless and easy process.
Having so much experience in this area we know exactly how to do this and remedy your IRS problem.
As former IRS agents we understand that most taxpayers get scared when they have to file back tax returns thinking the IRS is going to hunt them down or possibly be put in jail. This is simply not the case.
Based on the facts and circumstances of your case we will file anywhere from 3 to 6 back tax years. Don’t let fear stop you from filing your prior year’s tax returns.
We can tell you on your initial phone call to our firm how your case will resolve with the Internal Revenue Service.
A determination will be made based on various criteria. Every case is unique is and different and no two cases are the same.
We will apply those methodologies to your case, file your back, prior or delinquent tax returns and settle your tax that all at the same time.
If you have few tax records we can prepare your back taxes under reconstructive methods. Having few or no records is not a problem to us.
We will secure any information you have and then get IRS tax transcripts and do cost of living analysis the file your back tax returns. There is a 3 step process.Of course other factor will play in to this but the process is simple. Do not be over whelmed.
Once prepared we will send them to IRS take a current financial statement, call the IRS and work out a settlement based on your current financial statement.
You will never have to speak to the Internal Revenue Service. We handle all communication.
Based on your current financial statement, the IRS as various options for back tax settlements.
IRS may determine based on your current and documented financial statement will put you into a:
1.currently uncollectible status, (hardship), cases generally in the status remain there from 2 to 3 years.
2. may ask you to make a monthly payment agreement or,
3. review the criteria for you to settle your case by the filing of an offer in compromise. There is a pre-qualifier tool that you can find on our website to find out if you can settle your case for pennies on the dollar.
Call us today we will review your case for free initial tax consult and we will give you all the information you need to make a confident decision based on the facts.
We have been in private practice since 1982, have over 206 years of professional tax experience, and are A+ rated by the Better Business Bureau.
File Income Taxes + Filing Back Tax Years & Settle IRS Tax Debt + What You Need to Know
by Fresh Start Tax | Dec 8, 2015 | Tax Help
Haven’t filed previous years personal income taxes years, stop the worry, as former IRS Managers we know the system.
We can file and settle all at the same time. Since 1982, A plus rated BBB, AFFORDABLE
We have over 65 years of working directly for the Internal Revenue Service and the local, district, regional tax offices of the Internal Revenue Service.
Not only did we work as former IRS agents, we also worked as managers and teaching instructors. We were also the job instructors for new IRS employees. we know this system inside and out.
If you need to file previous year’s personal income tax returns, you can file and settle your personal income taxes on back taxes at the same time.
If you will owe back taxes we will work out a settlement for you as well. We can prepare any back tax returns with little or no tax records.
Being former IRS agents managers and teaching instructors we know how to reconstruct your tax return with almost little or no information.
We have worked on thousands of cases since 1982.
We will make a determination on how many personal incomes tax returns you should file.
As a general rule we will recommend anywhere from 3 to 6 tax years.
We know all the systems in all the protocols to make this an easy and seamless process.
Filing Previous Back Tax Years
here is a very specific format and methodology to go ahead and take care of your IRS tax matter.
Many taxpayers need to file multiple back tax returns because for various reasons they stop filing their tax returns. The reason make no difference, just file and be done with this once and for all. this can be a very seamless and easy process.
Having so much experience in this area we know exactly how to do this and remedy your IRS problem.
As former IRS agents we understand that most taxpayers get scared when they have to file back tax returns thinking the IRS is going to hunt them down or possibly be put in jail. This is simply not the case.
Based on the facts and circumstances of your case we will file anywhere from 3 to 6 back tax years. Don’t let fear stop you from filing your prior year’s tax returns.
We can tell you on your initial phone call to our firm how your case will resolve with the Internal Revenue Service.
A determination will be made based on various criteria. Every case is unique is and different and no two cases are the same.
We will apply those methodologies to your case, file your back, prior or delinquent tax returns and settle your tax that all at the same time.
If you have few tax records we can prepare your back taxes under reconstructive methods. Having few or no records is not a problem to us.
We will secure any information you have and then get IRS tax transcripts and do cost of living analysis the file your back tax returns. There is a 3 step process. Of course other factor will play in to this but the process is simple. Do not be over whelmed.
Once prepared we will send them to IRS take a current financial statement, call the IRS and work out a settlement based on your current financial statement.
You will never have to speak to the Internal Revenue Service. We handle all communication.
Based on your current financial statement, the IRS as various options for settlements.
IRS may determine based on your current and documented financial statement will put you into a:
1.currently uncollectible status, (hardship), cases generally in the status remain there from 2 to 3 years.
2. may ask you to make a monthly payment agreement or,
3. review the criteria for you to settle your case by the filing of an offer in compromise. There is a pre-qualifier tool that you can find on our website to find out if you can settle your case for pennies on the dollar.
Call us today we will review your case for free initial tax consult and we will give you all the information you need to make a confident decision based on the facts.
We have been in private practice since 1982, have over 206 years of professional tax experience, and are A+ rated by the Better Business Bureau.
File Previous Tax Returns Years + What You Need to Know + Former IRS + File & Settle Tax Debt
by Fresh Start Tax | Dec 8, 2015 | Tax Help
Affordable Christian Payroll Tax Debt Relief + Former IRS Agents & Managers can settle your case, over 60 years of former IRS work experience. Since 1982. A plus Rated BBB
Proverbs 11:14 <><
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 19:20-21 <><
Listen to advice and accept instruction, that you may gain wisdom in the future. Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.
Keep your business open and IRS out of your life. Here the truth from Christian Former IRS Agents who have worked thousands of cases. We can kep the IRS out of your life.
You will never have to speak to the IRS. We are the affordable professional firm.
Being a former IRS agent and teaching instructor you should understand that the Internal Revenue Service is tougher on payroll taxes than any other taxes.
The reason for this is very simple, this tax is money held in trust in not an actual tax.
It is one of few taxes that the Internal Revenue Service not only go after the company it can in addition can go after the responsible persons or individuals.
After the IRS creates individual tax assessment for those responsible it often time results in the filing of federal tax liens, bank and wage levy garnishments.
This is a tax that you should not fool around with because it is number one on the IRS to hit list. The Internal Revenue Service will individually engage those responsible under section 6672 of the Internal Revenue Code
Let Former Christian IRS agents and managers get you immediate tax relief via a payroll tax settlement.
We should be able to make sure we can reach a reasonable settlement on your payroll tax liability and you can continue to operate your business without fear and worry from the Internal Revenue Service.
With over 60 years of direct working experience at the Internal Revenue Service we know every possible tax solution that can get you immediate and permanent tax relief for a payroll tax settlement.
IRS does not want to seize your business for back taxes due on payroll taxes, however 941 payroll taxes are a big concern for the IRS.
The Process of Getting a Payroll Tax Debt Relief
The Internal Revenue Service will want to fully review your company or corporation before you can obtain in IRS payroll tax settlement.
You will need to provide IRS with the current financial statement along with proof that all payroll tax deposits and 941 tax forms have been filed.
When Internal Revenue Service reviews a business they also review individuals as well.
Therefore an individual financial statements are required. We know this process inside and out we have worked hundreds and hundreds of cases, we can make this an easy and seamless process for you.
IRS will expect a 433B for the business & 433A for the individual.
IRS will expect complete documentation to support all the figures on the financial statements. The financial statement is one of the key documents IRS uses before a taxpayer will get a payroll debt settlement for tax relief.
After IRS reviews your personal and business current financial statement, Internal Revenue Service may determine that you are a:
1. hardship candidate, would simply means IRS will suspend any activity on current collections for a couple of years. Interest and penalty will run but IRS will review your case somewhere further down the road.
2. monthly payment agreement candidate,
3. or an offer in compromise candidate and IRS payroll settlement.
IRS will next turn to the person or persons responsible for paying the back trust fund taxes. since this was not a tax but monies to be held in trust the IRS code under 6672 states that responsible persons can be held liable for the unpaid trust fund taxes on payroll or 941 taxes.
Who Can Be Responsible for the TFRP
One of the unusual features about payroll tax debt is the fact that IRS can collect the trust fund tax debt from the individuals who are responsible for paying the back payroll taxes. This is true with both payroll and excise taxes.
The Trust Fund Penalty may be assessed against any person who:
a. Is responsible for collecting or paying withheld income and employment taxes, or for paying collected excise taxes, and
b. Willfully fails to collect or pay them.
A responsible person is a person or group of people who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes. This person may be, but not limited to:
An officer or an employee of a corporation,
A member or employee of a partnership,
A corporate director or shareholder,
A member of a board of trustees of a nonprofit organization,
Another person with authority and control over funds to direct their disbursement,
Another corporation or third-party payer,
Payroll Service Providers (PSP) ore responsible parties within a PSP
Professional Employer Organizations (PEO) or responsible parties within a PEO, or
Responsible parties within the common law employer (client of PSP/PEO).
For wilfulness to exist, the responsible person (s):
Must have been, or should have been, aware of the outstanding taxes and either intentionally disregarded the law or was plainly indifferent to its requirements (no evil intent or bad motive is required).
Using available funds to pay other creditors when the business is unable to pay the employment taxes is an indication of willfulness. You will be asked to complete an interview in order to determine the full scope of your duties and responsibilities.
Responsibility is based on whether an individual exercised independent judgment with respect to the financial affairs of the business.
An employee is not a responsible person if the employee’s function was solely to pay the bills as directed by a superior, rather than to determine which creditors would or would not be paid.
How does IRS Figure the Trust Fund Amount, simple formula
The amount of the penalty is equal to the unpaid balance of the trust fund tax. The penalty is computed based on:
The unpaid income taxes withheld, plus
The employee’s portion of the withheld FICA taxes. For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
Assessing the TFRP If the IRS determines that you are a responsible person, we will provide you a letter stating that we plan to assess the TFRP against you.
You have 60 days (75 days if this letter is addressed to you outside the United States) from the date of this letter to appeal our proposal.
The letter will explain your appeal rights.
Refer to Publication 5, Your Appeal Rights and How to Prepare a Protest if You Don’t Agree (PDF), for a clear outline of the appeals process. If you do not respond to our letter, we will assess the penalty against you and send you a Notice and Demand for Payment.
Once IRS asserts the penalty, the IRS can take collection action against your personal assets. For instance, we can file a federal tax lien or take levy or seizure action. Seizure actions usually include bank levies and wage garnishment levies.
Why have Fresh Start Tax contact the IRS:
You never have to talk with the Internal Revenue Service on these tax matters;
Fresh Start Tax knows what the IRS is looking for;
Fresh Start Tax knows the exact packaging required;
Fresh Start Tax knows the next steps the IRS will take;
You know your case will be handled and resolved as fast as possible.
When you talk to ask, please feel free to ask us about our faith.
Resolve Payroll Tax Problem Debt + Christian Tax Specialists + Affordable Solutions + Former IRS Agents
by Fresh Start Tax | Dec 8, 2015 | Tax Help
We are affordable IRS tax experts, former IRS agents, tax attorneys and CPAs. We know the system inside and out, since 1982.
Call us today for a free initial tax consultation and we will review any IRS or state tax problems that you have.
If you owe back taxes to the Internal Revenue Service and have unfiled tax returns we can go ahead complete your back tax returns and settle your case all at the same time.
Call us today for a free initial tax consultation and we will walk you through the process.
Settling of Back Tax Debt
To settle any tax debt with the Internal Revenue Service will need to review individual and business financial statements. As a general rule, once those financial statements are reviewed IRS will compare those against the national and localized standards.
Once IRS’s received a fully documented financial statement including bank statements and documented receipts of expenses IRS will close the case and one of three ways.
IRS may determine you are a:
1 . Current hardship in place you went to a current non-collectible status,
2.IRS may determine that you can make monthly payments, or,
3.IRS may contemplate the acceptance of an offer in compromise.
The IRS Offer in Compromise
The offer in compromise allows taxpayers settle the debt for pennies on a dollar if they are qualified candidate.
I suggest that all taxpayers or future clients walk to the pre-qualifier tool to make sure that they are eligible and suitable candidate for the offer in compromise program.
Taxpayers will have to file all tax returns and have them on the computer system before IRS will accept the offer in compromise.
As former IRS agents and managers we know the system to make this seamless and affordable.
Call us today for free initial tax consultation.
Owe Back Agricultural Taxes + Settle Back Tax Debt + Payment Plans + IRS & State Tax Representation
by Fresh Start Tax | Dec 8, 2015 | Tax Help
Affordable Former IRS Agents & Managers. Free Initial consultations hear the truth about how to settle your tax debt.
We have over 65 years of direct working experience in the local, district, and regional tax offices of the IRS.
There are various solutions for those who owe back taxes. Once we go ahead and hear the facts of your case we can prepare an exit strategy that can permanently remedy your IRS tax situation.
Below are the most commonly asked questions along with answers.
Who pays the gift tax?
The donor is generally responsible for paying the gift tax.
Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
What is considered a gift?
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.
What can be excluded from gifts?
The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule.
Generally, the following gifts are not taxable gifts.
1. Gifts that are not more than the annual exclusion for the calendar year.
2. Tuition or medical expenses you pay for someone (the educational and medical exclusions).
3. Gifts to your spouse.
4. Gifts to a political organization for its use.
In addition to this, gifts to qualifying charities are deductible from the value of the gift(s) made.
May I deduct gifts on my income tax return?
Making a gift or leaving your estate to your heirs does not ordinarily affect your federal income tax.
You cannot deduct the value of gifts you make (other than gifts that are deductible charitable contributions).
If you are not sure whether the gift tax or the estate tax applies to your situation, refer to Publication 559, Survivors, Executors, and Administrators.
How many annual exclusions are available?
The annual exclusion applies to gifts to each donee. In other words, if you give each of your children $11,000 in 2002-2005, $12,000 in 2006-2008, $13,000 in 2009-2012 and $14,000 on or after January 1, 2013, the annual exclusion applies to each gift.
The annual exclusion for 2014, 2015, and 2016 is $14,000.
What if my spouse and I want to give away property that we own together?
You are each entitled to the annual exclusion amount on the gift. Together, you can give $22,000 to each donee (2002-2005) or $24,000 (2006-2008), $26,000 (2009-2012) and $28,000 on or after January 1, 2013 (including 2014, 2015, and 2016).
What other information do I need to include with the return?
Refer to Form 709 (PDF), 709 Instructions and Publication 559. Among other items listed:
1. Copies of appraisals.
2. Copies of relevant documents regarding the transfer.
3. Documentation of any unusual items shown on the return (partially gifted assets, other items relevant to the transfer(s)).
What is “Fair Market Value?”
Fair Market Value is defined as:
“The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.
The fair market value of a particular item of property includable in the decedent’s gross estate is not to be determined by a forced sale price.
Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate.” Regulation §20.2031-1.
Whom should I hire to represent me and prepare and file the return?
The Internal Revenue Service cannot make recommendations about specific individuals, but there are several factors to consider:
1. How complex is the transfer?
2. How large is the transfer?
3. Do I need an attorney, CPA, Enrolled Agent (EA) or other professional(s)?
For most simple, small transfers (less than the annual exclusion amount) you may not need the services of a professional.
However, if the transfer is large or complicated or both, then these actions should be considered; It is a good idea to discuss the matter with several attorneys and CPAs or EA’s. Ask about how much experience they have had and ask for referrals.
This process should be similar to locating a good physician. Locate other individuals that have had similar experiences and ask for recommendations.
Finally, after the individual(s) are employed and begin to work on transfer matters, make sure the lines of communication remain open so that there are no surprises.
Finally, people who make gifts as a part of their overall estate and financial plan often engage the services of both attorneys and CPAs, EA’s and other professionals.
The attorney usually handles wills, trusts and transfer documents that are involved and reviews the impact of documents on the gift tax return and overall plan.
The CPA or EA often handles the actual return preparation and some representation of the donor in matters with the IRS.
However, some attorneys handle all of the work. CPAs or EA’s may also handle most of the work, but cannot take care of wills, trusts, deeds and other matters where a law license is required. In addition, other professionals (such as appraisers, surveyors, financial advisors and others) may need to be engaged during this time
Do I have to talk to the IRS during an examination?
You do not have to be present during an examination unless IRS representatives need to ask specific questions. Although you may represent yourself during an examination, most donors prefer that the professional(s) they have employed handle this phase of the examination. You may delegate authority for this by executing Form 2848 “Power of Attorney.”
What if I disagree with the examination proposals?
You have many rights and avenues of appeal if you disagree with any proposals made by the IRS. See Publications 1 and 5 (PDF) for an explanation of these options.
What if I sell property that has been given to me?
The general rule is that your basis in the property is the same as the basis of the donor. For example, if you were given stock that the donor had purchased for $10 per share (and that was his/her basis), and you later sold it for $100 per share, you would pay income tax on a gain of $90 per share.
(Note: The rules are different for property acquired from an estate).
Most information for this page came from the Internal Revenue Code: Chapter 12–Gift Tax (generally Internal Revenue Code §2501 and following, related regulations and other sources)
Can a married same sex donor claim the gift tax marital deduction for a transfer to his or her spouse?
For federal tax purposes, the terms “spouse,” “husband,” and “wife” includes individuals of the same sex who were lawfully married under the laws of a state whose laws authorize the marriage of two individuals of the same sex and who remain married.
Also, the Service will recognize a marriage of individuals of the same sex that was validly created under the laws of the state of celebration even if the married couple resides in a state that does not recognize the validity of same-sex marriages.
However, the terms “spouse,” “husband and wife,” “husband,” and “wife” do not include individuals (whether of the opposite sex or the same sex) who have entered into a registered domestic partnership, civil union, or other similar formal relationship recognized under state law that is not denominated as a marriage under the laws of that state, and the term “marriage” does not include such formal relationships.
Gifts to your spouse are eligible for the marital deduction.
