by Fresh Start Tax | Sep 23, 2014 | Tax Help
We have over 206 years of professional tax experience, over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax office of the Internal Revenue Service.
We are the AFFORDABLE tax firm. We know every system used by IRS.
We taught the book used by IRS agents to learn there jobs.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
If you have any type of IRS problem, matter or situation you can contact us today for a free initial tax consultation and get true affordable tax release from true IRS tax experts.
FST can resolve any issues that you have owe back IRS taxes, need to file back or past due tax returns, or need to make payments to the Internal Revenue Service.
We can explain in detail how you can settle your IRS taxes if you are a qualified candidate for the offer in compromise program.
The Process of Filing Back , Late or Past Due Tax Returns
If you have to file back or past-due returns we can do so with little or no records.
We find that many times when taxpayers you not file one year the snowball rolls down the hill and just gets bigger and bigger.
Do not be worried, we can pull your IRS income records and prepare your tax return and work out a settlement all at the same time. we have prepared hundreds of back tax returns from taxpayers who have not filed timely.
We can not only file your back tax returns but we can work out a tax settlement as well if you are going to owe IRS back taxes.
It only makes sense to hire former IRS agents and managers who know the system to help you through the process.
Make payments to the IRS. You have options.
If you need to make payments to the IRS there are generally three type of plan solutions available, call us today and we will walk through the process with you. Everything will depend on your current financial statement. We will walk you through the process and explain to you each and every option in detail.
The IRS Settlement Program, the Offer in Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In order to be eligible for an OIC, the taxpayer must have:
- made all required estimated tax payments for the current year and
- made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
The IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP).
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
The IRS may accept an OIC based on three grounds.
1. First, acceptance is permitted if there is doubt as to liability. This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.
2. Second, acceptance is permitted if there is doubt that the amount owed is fully collectible. Doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3. Third, acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
On the Fresh Start Tax LLC staff are tax attorneys, certified public accountants, enrolled agents and former IRS agents managers and tax instructors.
We match you up specifically with the person who has the expertise with your particular tax matter situation.
A simple phone call to our firm and speaking to a tax expert will probably get you immediate relief to know your tax problem can be handled and managed by a true affordable tax professional.
We are A+ rated by the Better Business Bureau and have been in practice since 1982.
We can handle anything from an IRS simple notice or letter to going to Tax Court.
Owe Back Taxes – IRS – File Back Tax Returns, IRS Payment Plans, Settle Tax Debt – Aurora, Rockford, Joliet, Peoria
by Fresh Start Tax | Sep 23, 2014 | Tax Help
We know the system inside and out. Former Affordable Agents.
We have worked for the Internal Revenue Service for over 60 years and we know exactly how to get your money back and stop an IRS tax Levy and settle your case at the same time.
We know the exact process to get your money back from the Internal Revenue Service as a result of an IRS tax Levy, bank tax levy, wage tax garnishment levy.
We can not only get your IRS tax levy released and removed we can settle your case all at the same time.
The Internal Revenue Service has a very specific process and we know the process.
If you have back or past due tax returns that need to be filed we can do this all at the same time.
Many times taxpayers have not received their final notices sent by Internal Revenue Service .
They find it a shock when a tax levy is served on their bank account or on their wages.
It should be noted that bank levies and wage levies are different.
With an IRS bank levy you have 21 days the call IRS and get your money back.
A wage levy is an immediate garnishment on your very next paycheck.
We know and understand the fastest and the most affordable way to go ahead and get a removal or release of an IRS tax or or wage garnishment levy.
FST is full service tax firm that specializes in IRS tax Levy, Bank Levy, and wage garnishment tax levy relief.
We have been in practice since 1982.
The Process to get your STOP a IRS Tax Levy
Everything in life there is a process and the IRS is no different.
Before IRS releases a tax levy, bank tax levy or wage garnishment they will want a current financial statement to make a determination of how to close your case off the IRS enforcement computer called the CADE 2.
As a general rule, the IRS will take a 433-F for the required financial statement.
That form will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will do a close analysis of your statement with that of the national, and localized standards.
IRS will then release your IRS tax Levy, bank levy or wage garnishment and close your case generally with a payment agreement or by placing you in hardship.
This can all happen within 24 hours, we can make this happen.
Your financial statement will solely determine how your case will be closed by the Internal Revenue Service.
If you owe tax to the IRS and need to settle your tax debt contact us today and we can get your IRS tax Levy, bank levy or wage garnishment released and your case settle all at the same time.
We’re A+ rated by the Better Business Bureau and have been in private practice since 1982.
When you call us we will find out whether you are a tax debt settlement candidate for an offer in compromise to settle your debt for pennies on the dollar.
STOP IRS TAX LEVY = Bank & Wage Levy Garnishment – Affordable Former IRS – Aurora, Rockford, Joliet, Peoria
by Fresh Start Tax | Sep 23, 2014 | Tax Help
We are affordable tax firm comprised of tax attorney lawyer, CPAs and former IRS agents and managers.
We’ve been practicing since 1982 in our A+ rated by the Better Business Bureau.
FST has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We are true tax experts for any IRS problem from a simple IRS notice or letter to going to IRS appeals and even going to tax court.
We are the affordable IRS tax resolution firm.
Our former IRS agents have logged over 60 years of direct work history in the local, district, and regional tax offices of the Internal Revenue Service including teaching in the regional training center.
We know everything there is to know to release your IRS levy, to get an IRS payment agreement, or place your case into an economic tax hardship if you cannot pay your debt at this current time. We can get a tax levy released within 24 hours of receiving your current and documented financial statement.
We can walk you through the IRS tax settlement process called and offer in compromise if you are a qualified candidate. We will walk you through the IRS prequalifier tool.
If you work in going through an IRS tax audit you can have a former IRS revenue agent audit manager represent and provide your very best tax defense during an IRS tax audit.
If we are not satisfied with the results of a tax audit we can take the case to IRS appeals and even tax court if you have a valid defense. If you are going too we owe back taxes as a result of your tax audit we can work out a tax settlement for you
Some quick IRS tax facts:
- the IRS levies close to 2 million taxpayers every year,
- the Internal Revenue Service has over 10 million people on IRS payment plans,
- the IRS accepts 38% of all tax settlements filed for an average of $.14 on a dollar,
- IRS audits less than 1% of all taxpayers,
- IRS audits 1.4 million taxpayers by mail correspondence.
All our work is done in-house by true tax experts. We are the affordable tax firm practicing since 1982.
Tax Attorney Lawyer – IRS Tax Levy, Payment Plans , Hardships, Tax Settlement, Tax Audits – Aurora, Rockford, Joliet, Peoria
by Fresh Start Tax | Sep 23, 2014 | Tax Help
Affordable Care Act – Individuals Qualify for a Health Coverage Exemption
Taxpayers who might qualify for an exemption from having qualifying health coverage and making a payment should review a new IRS publication for information about these exemptions.
IRS Publication 5172, Health Coverage Exemptions, which includes information about how you get an exemption, is available on IRS.gov/aca.
The Affordable Care Act calls for each individual to have qualifying health insurance coverage for each month of the year, have an exemption, or make an individual shared responsibility payment when filing his or her federal income tax return.
You may be exempt if you:
- Have no affordable coverage options because the minimum amount you must pay for the annual premiums is more than eight percent of your household income,
- Have a gap in coverage for less than three consecutive months, or
- Qualify for an exemption for one of several other reasons, including having a hardship that prevents you from obtaining coverage or belonging to a group explicitly exempt from the requirement.
On IRS.gov/ACA, you can find a comprehensive list of the coverage exemptions.
How you get an exemption depends upon the type of exemption.
You can obtain some exemptions only from the Marketplace in the area where you live, others only from the IRS when you file your income tax return, and others from either the Marketplace or the IRS.
Additional information about exemptions is available on the Individual Shared Responsibility Provision web page on IRS.gov.
The page includes a link to a chart that shows the types of exemptions available and how to claim them. For additional information about how to get exemptions that may be granted by the Marketplace, visit HealthCare.gov/exemptions.
by Fresh Start Tax | Sep 23, 2014 | Tax Help
We are affordable tax firm comprised of tax attorney lawyer CPAs and former IRS agents.
FST has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Our former IRS agents have logged over 60 years of direct work history in the local, district, and regional tax offices of the Internal Revenue Service including teaching in the regional training center.
We know everything there is to know to release your IRS levy, to get an IRS payment agreement, or place your case into an economic tax hardship if you cannot pay your debt at this current time.
We can walk you through the IRS tax settlement process called and offer in compromise if you are a qualified candidate.
If you work in going through an IRS tax audit you can have a former IRS revenue agent audit manager represent and provide your very best tax defense during an IRS tax audit.
Some quick IRS tax facts:
- the IRS levies close to 2 million taxpayers every year,
- the Internal Revenue Service has over 10 million people on IRS payment plans,
- the IRS accepts 38% of all tax settlements filed for an average of $.14 on a dollar,
- IRS audits less than 1% of all taxpayers.
If you have any questions call us today and speak to a true IRS tax expert who can help you get an immediate release of an IRS tax Levy.
All our work is done in-house by true tax experts.
We are the affordable tax firm practicing since 1982.
Tax Attorney Lawyer – IRS Levy, Payments, Hardships, Settlements, Tax Audits – West Covina, Torrance, Santa Clarita, Pasadena
