by Fresh Start Tax | Sep 18, 2015 | Tax Help
The IRS sent letters to taxpayers this summer who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid on the taxpayer’s behalf in 2014.
At the time, the IRS had no record that the taxpayer filed a 2014 tax return.
Facts about these letters and the actions you should take:
IRS letters 5591, 5591A, or 5596 remind you of the importance of filing your 2014 federal tax return along with Form 8962, Premium Tax Credit.
You must file a tax return to reconcile any advance credit payments you received in 2014 and to maintain your eligibility for future premium assistance.
If you do not file, you will not be eligible for advance payments of the premium tax credit in 2016.
Even if you don’t usually file or if you requested an extension to Oct. 15, you should file your 2014 tax return as soon as possible.
Until you file a 2014 tax return to resolve the issue with your Marketplace, you will not be eligible to get advance payments of the premium tax credit to help pay your health coverage premiums in 2016 from the Marketplace.
You should have received a Form 1095-A, Health Insurance Marketplace Statement, earlier this year if you or a family member purchased health insurance coverage through the Marketplace in 2014.
This form provides the information you need to complete Form 8962. You must attach Form 8962 to the income tax return you file.
Contact your Marketplace if you have questions about your Form 1095-A.
If you have recently filed your 2014 tax return with Form 8962, you do not need to file another tax return or call the IRS about these letters.
In general, if you filed your tax return electronically, it takes three weeks before it is processed and your information is available. If you mailed your tax return, it takes about six weeks. However, processing times can vary based on other circumstances.
You should follow the instructions on any additional IRS correspondence that you receive to help the IRS verify information to process your tax return.
In addition to these letters from the IRS, your health insurance company may contact you to remind you to file your 2014 federal tax return along with Form 8962.
In some cases, they may contact you even if you did not receive advance credit payments in 2014.
If you are not otherwise required to file a tax return, you do not have to file a return if you or anyone on your return did not receive advance credit payments in 2014.
by Fresh Start Tax | Sep 18, 2015 | Tax Help
We can get your IRS tax levy, wage garnishment levy released within a 24-hour period of time and close your case at the same time. AFFORDABLE, since 1982.
As former IRS agents and managers we know the system inside and out.
We have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service and know exactly how to settle your case with the Internal Revenue Service.
If you are in receipt of an IRS tax levy, wage levy or bank levy garnishment contact us today and we can get your tax levy released in your case closed. There is a very systematic process to do this.
Within 24 hours of receiving your fully documented financial statement we guarantee that you will have a release of your IRS bank levy or wage garnishment levy.
We will speak with you about settling your tax debt to the offer in compromise program.
Our firm will not submit an offer in compromise until we walked through the offer in compromise pre-qualifier tool to make sure that you can settle your tax debt for pennies on dollar.
You should not give your money to any firm to file an offer in compromise unless they walked to this program with you.
There are many firms out there promising without having a clue about actual offers in compromise. Beware of these false companies. always check to credentials of the persons working your case.
As a IRS revenue officer I both work this program was a teaching instructor for the tax debt settlement program. I’m a true IRS tax expert for the offer in compromise.
The Internal Revenue Service accepted 38,000 offers in compromise last year for average of $6500 per settlement.
Taxpayers should be aware that there is a pre-qualifier tool for the offer in compromise program. I suggest everyone the walk through this particular tool given by Internal Revenue Service to find out for a qualified candidate
IRS Tax Levy, IRS Wage Garnishment Releases = Get Your Money Back from the IRS
The IRS filed 1.8 million the bank and wage garnishment levies last year. So if you received a bank or wage garnishment levy you are not alone. The IRS computer system systematically issues IRS tax levies and bank wage garnishment levies.
Before IRS will release a tax levy, a wage garnishment or bank seizure, Internal Revenue Service will need a current documented financial statement.
If your case is in the automatic collection system you will be filling out and documenting form 433F which you can find directly on our website. It is the only form the Internal Revenue Service will use.
When calling our office we will complete the form, speak to the Internal Revenue Service and within 24 hours of having your fully documented financial statement we can get your IRS tax levy released.
If the cases are in the local IRS office form 433 a will be required and a much more detailed investigation will be made on your current financial statement.
Being a former IRS agent teaching instructors gives us a huge advantage and the benefit of our experience is invaluable to our clients.
The filling out of your financial statement is critical into the settlement of your case. using former IRS agents and managers will give you a tremendous advantage.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses.
IRS does a thorough review of your financial statement therefore you want to make sure you are both honest and accurate. It is always best to have a trained tax professional prepare and negotiate your case with the Internal Revenue Service.
As a general rule, IRS will not release your levy until all your tax returns are filed.
We can prepare all your old or current tax returns with little or no records. We are tax experts for reconstruction. We can also secure information from IRS tax transcripts.
Internal Revenue Service usually closes your case off the enforcement two general ways:
Based on your current financial statement, IRS will put you in a:
1. currently uncollectible file or,
2. put you in a payment agreement.
Over 40% of collection cases wind up in a current tax hardship and 6.5 million other taxpayers are put into monthly installment payment plans.
It is important you file all back tax returns if not the IRS can file for you under 6020 B of the Internal Revenue Code and they will make sure you get no deductions.
IRS will not give any non-filer any deductions or exemptions that they prepare under 6020B.
IRS may fail to release an IRS tax levy wage garnishment or bank levy because taxpayers have failed to file back tax returns. We can file your return visit a 48 hour period of time.
After the review of your IRS financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program. After speaking to us you will fully know the IRS collection system.
One last note of interest, it is very critical all taxpayers respond to all IRS notices because IRS intends to follow-up on all the dates given on each and every notice sent.
STOP IRS + Bank Tax Levy + IRS Wage Garnishment Levies & Settle Tax Debt NOW + File Back Taxes + Former IRS + Los Angeles + 90046, 90068, 90048, 90056, 90045
by Fresh Start Tax | Sep 18, 2015 | Tax Help
We are an “Affordable Professional Tax Firm” that has been resolving IRS problems since 1982, A+ rated by the BBB.
If you Owe IRS Back Taxes, we have different solutions to remedy your problem. After your free initial tax consultation you will have a better understanding on how to resolve your back tax debt problems.
Having combined 60 years of IRS work experience we know all the solutions.
Please note ; Your current financial statement is the key for resolving back IRS or state tax issues. IRS puts the greatest value on your financial statement for settling back tax issues.
We are tax experts for releases and removal IRS tax levies, provide IRS tax defense and IRS tax representation for IRS tax audit, IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
Since 1982 we have been representing taxpayers and businesses before the Internal Revenue Service.
IRS TAX Levy & Wage Garnishment Releases:
If you owe back IRS taxes and received a tax levy garnishment, have received an IRS notice of tax audit, in need of an IRS payment plan tax settlement or installment agreement call us today to hear every option available to you to get you immediate and permanent IRS tax relief.
Our former IRS agents have logged over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service. We have worked as agents, managers, and teaching instructors all within the IRS framework.
To Remove or Release a IRS Tax Levies & Wage Garnishments + Tax Relief on back IRS and State Taxes
IRS usually levies 1.9 million taxpayers and businesses each and every year, so have you if you have received an IRS tax levy you are not alone. IRS is the largest collection and billing machine in the world. IRS tax levy goes out systemically not a human hand catches a tax levy.
An IRS tax Levy usually comes in two forms.
1. Bank levy or an
2.IRS wage garnishment levy.
Both IRS tax levies are different. It is important for you to understand the difference.
An IRS Bank Levy puts a freeze on your money for 21 days where an IRS wage garnishment levy is an immediate seizure of your paycheck.
The bank will send your frozen funds to IRS on the 22nd day.
The IRS will give you 21 days to work out a settlement before they receive the funds. your employer is mandated by law to send your next paycheck to the Internal Revenue Service if they have received a wage garnishment notice.
Certain exemptions apply but approximately 80% of your check will go to the Internal Revenue Service because of the IRS tax levy garnishment.
As a separate footnote IRS gets all their levy source information from your last six years of file tax returns. IRS keeps levy source information for seven years.
If you want your money back is a result of a wage garnishment levy you will have to communicate with the Internal Revenue Service.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your IRS bank tax levy garnishment released and your case settled with the Internal Revenue Service.
As former IRS agents we understand every system necessary to make this a seamless and easy process for you. as a general rule cases are closed by Internal Revenue Service after reviewing a current financial statement.
As a general rule, IRS will close your case by putting it into a current tax hardship, asking for a monthly payment plan or the fact that you qualify for an offer in compromise to settle your tax debt for pennies on the dollar.
In some cases you can discharge your federal taxes through a bankruptcy procedure. There are certain bankruptcy chapters that allow the discharge of federal taxes.
Not only will we get your tax levy released we will settle your case at the same time.
If you will owe money we will work out tax settlement and if necessary take your case to tax appeals are tax court if warranted.
If you are wishing for an IRS tax settlement called an offer in compromise, we will be happy to walk you through the IRS qualifier tool to see if you’re a suitable candidate before filing any offer in compromise. Due to the new IRS fresh start initiative it is much easier for taxpayers to settle cases.
I am a former IRS revenue officer and worked the offer in compromise program as a former employee.
IRS settles 38% of all offers and compromises that are filed and settles for an average of $6500. Keep in mind this is a national average and differs because of everyone’s unique and individual financial statement.
If those who wish to make payments to the Internal Revenue Service to resolve their debt, we will walk you through the financial statement and make an affordable payment that you can live with.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are the fast, friendly, and affordable professional tax firm.
Owe IRS + Back Taxes Help = IRS Tax Levy & Wage Garnishment + IRS Tax Audit + Tax Debt Settlements + IRS Payment Plans + Unfiled Tax Returns +
by Fresh Start Tax | Sep 16, 2015 | Tax Help
We are an “AFFORDABLE “ full service tax firm that specializes in IRS & State of NY tax problems. Former IRS Agents, Since 1982.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. Also on staff former State Agents
We know the system inside and out. Let our experience work for you.
After 60 years of combined IRS work experience we know all the protocols and systems used to help settle IRS cases.
If you need to file back tax returns or owe the IRS a tax debt, we can go ahead and work out an effective tax settlement for you. We know every possible solution.
The Financial Statement= Important
IRS will require a current financial statement to close your case off of the collection computer. The financial statement is key to case closings.
Therefore preparation, and submission become the very key factors to success.
IRS after reviewing your current financial statement will either put you into a current hardship, asking for a monthly payment agreement or will consider the filing of an offer in compromise.
Your current financial statement will completely determine the closing method used by IRS.
IRS Case Closures:
At the current time over 40% of the cases are put into a currently not collectible file, 6.5 million taxpayers have current monthly or installment agreements and 38,000 taxpayer settled by the acceptance of an offer in compromise.
As a general rule the only other way case close, is when the statute of limitation expires or a bankruptcy proceeding wipes out the tax.
Unfiled or not filed back tax returns?
Many people do not file back tax returns because they lost their records or because of fear. It is important to remember IRS just want you back in the system so don’t let fear or panic set in.
If this is your case, we can go ahead and pull IRS tax transcripts and secure enough information to file back tax returns.
If you have little or few tax records that is not a problem we can prepare your returns under reconstructive methods ensure you will pay the lowest amount allowed by law. We can get you back in the system worry free.
Being a former IRS agents we understand all the techniques to get you back in the system worry free.
I caution those taxpayers who do not file to be very careful because IRS can file your tax return under 6020 B and you will pay the most amount allowed by law.If you do not follow-up on the assessment IRS makes under 6020 B of the IRC code, the Internal Revenue Service will follow-up by the filing of a federal tax levy in a federal tax lien.
We will give you a free evaluation or analysis on the best way to settle your case for the lowest possible dollar amount if you are a suitable candidate for an offer in compromise.
Being a former IRS agent revenue officer I both worked and taught the offer in compromise program. we walked to the pre-qualifier program with you to see if you’re qualified for an IRS offer a compromise tax settlement.
IRS Taxes Help + Unfiled Back Tax Returns + Remove Tax Levy + Stop Tax Liens + Set up Payment Plans + File Offer in Compromise, Settlements
by Fresh Start Tax | Sep 16, 2015 | Tax Help
We can resolve any IRS Tax Debt including Payroll Tax Debt. The Affordable Tax Firm, Former IRS. Since 1982.
If you owe back IRS or State of New York tax debt and wish to settle your case with the IRS, call us today for a free initial tax consultation.
When you call our office you will speak directly to former IRS agents, managers and tax instructors that have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Were also composed of tax attorneys, CPAs as well as former state tax agents.
Based on your set of circumstances we can accurately predict the outcome of your case.
We have worked so many cases and understand the tendencies of the Internal Revenue Service so we can accurately predict outcomes of most cases with relative certainty.
Once we have reviewed your current financial statement as a general rule we will tell you exactly how your case is going to close.
We can review with you the best possible way to end your payroll tax problems, make an IRS payment plan, how to remove an IRS tax levy and to represent you during an IRS tax audit.
For those of you who need to file tax returns whether current or back years, call us today and we will walk you through the process of our learning experiences that total 206 years.
We can file your back tax returns with little or few records. At some point in time you are going to have to file your back tax returns.
Whatever you do not be afraid to file your past-due tax returns we can get you back in the system seamlessly.
Paying IRS Back Taxes = Making IRS Payments Plans = IRS Installment Agreements
Last year alone, the Internal Revenue Service granted close to 6.5 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers.
Your current financial statement will determine if you are installment agreement candidate.
Keep in mind your financial statement will need to be fully documented Bank statements and copy of all expenses. You must be able to fully verify income.
The Internal Revenue Service will conduct a full review on your financial statement. You want to make sure your financial statements are both accurate and honest. IRS reserves the right to pull credit reports when necessary.
The more you all the more thorough review from the Internal Revenue Service.
To IRS Settle Tax Debt
Offer in Compromise/ IRS Tax Settlements/Pennies on a Dollar Settlements
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.
The way you can settle your tax debt for pennies on the dollar is through the offer in compromise program.
When you call our office you will speak directly to a former IRS agent who both worked and taught the program for IRS.
One of the keys to the successful completion acceptance of an offer in compromise is to understand the process.
You can follow the pre-qualifier tool on our website and you can find out firsthand if you are a qualified candidate for the program.
You should never give your money to a tax firm unless you have some assurance your offer has a chance of acceptance.
IRS TAX LEVIES Bank, Wages
Removals an IRS Tax Levy + IRS Bank Levy, IRS Wage Garnishments
If you wish to remove an IRS tax levy will need to give IRS a current financial statement on form 433F.
IRS will require that financial statement to be completely documented and verified.
Within 24 hours of receiving your current financial statement as a general rule we can get your bank or wage levy garnishment released.
We will let you know about the IRS national standard program so you understand the process of how IRS settles tax debt.
Need to file back or past due tax returns
You could have a former IRS agent who knows the system prepare your back tax returns with little or few records. We can help audit proof your tax return.
IRS Taxes Help + Owe Back Payroll Taxes + Trust Fund Tax Debt + Former IRS + IRS Payments + Settle Debt + Haven’t filed Back Tax Returns =
