by Fresh Start Tax | Sep 17, 2014 | Tax Help
We are comprised of former IRS agents and managers who know the system. We are the affordable tax firm, since 1982.
There are many tax companies that you can find on the Internet today, hundreds.
Everyone claims to be an expert, but not so fast.
About 95% of all the companies that you find on the Internet are lead generation and marketing companies, few in reality have their own professional tax practices.
We are comprised of tax attorneys, CPAs, and former IRS agents, managers and tax instructors. Our former IRS agents, managers and tax instructors have logged over 60 years of combined IRS work experience in the local, regional, and teaching offices of the IRS.
We are true affordable IRS tax experts.
We have worked thousands of cases throughout the years and know the exact process and the system to get you immediate and permanent IRS tax relief.
Filing Back Tax Returns
When taxpayers do not file one year they generally to stop filing.
Year after year, then fear and panic set in.
Being former IRS agents and managers, we can file all your back tax returns and settle your tax debt all at the same time.
If you have little or few records we can pull your income records from the Internal Revenue Service and file your back tax returns under reconstructive methods.
These back tax returns methods are used by Internal Revenue Service and as former IRS agents and managers we can prepare your returns.
Settle your IRS Tax Debt, IRS Tax Relief
To settle IRS tax debt you will have to give IRS a current 433F.
It is the IRS version of the financial statement.
That financial statement will need to be completely documented and verified.
The Internal Revenue Service will make a determination on your case based on the national, geographical, and localized standards of personal expenses.
As a general rule on IRS tax relief can come in the form of IRS putting your case in a current hardship, IRS payment plans, or the filing of an offer in compromise.
Call us today we will walk you through the process of how to file your back tax returns and settle your tax debt all at the same time.
We provide affordable IRS tax relief.
File Back Tax Returns, Settle Tax Debt, IRS Tax Relief – Affordable IRS Experts – Long Beach, Inglewood, El Monte, Compton
by Fresh Start Tax | Sep 17, 2014 | Tax Help
We are comprised of tax attorneys, tax lawyers, certified public accountant, and former IRS agents. We know the system and can get you immediate and permanent IRS tax relief.
We are a full service tax firm that specializes in IRS tax help.
We can get an IRS tax levy released within a 24-hours of receiving your current and verifiable financial statement.
If you are going and IRS tax audit, we can have a former IRS audit manager provide your best possible tax defense to minimize the results of any IRS tax audit.
If your case needs to go to appeals or tax court we have experts on staff to ensure your very best results.
If you need go ahead and file for a tax settlement called an offer in compromise, we can walk you to the process and find out if you are a suitable candidate to settle your debt for pennies on a dollar.
38% of all tax settlements in the form of an offer of compromise are accepted for average of $.14 on a dollar.
After a careful review of your current financial statement we can let you know if you can qualify for an IRS tax debt settlement.
Call us today for a free initial tax consultation and you can speak to a IRS tax attorney lawyer, certified public accountant, or former IRS agent, manager or tax instructor.
We have been in private practice since 1982 in our A+ rated by the Better Business Bureau.
Beware: When you search the Internet looking for a tax firm make sure they have bios of specific staff if not you are giving your information to a sales or a lead generation company so use caution.
Tax Attorney Lawyer – IRS Help, Tax Levy, Tax Audit, Tax Debt Settlements, Affordable Former IRS – Long Beach, Inglewood, El Monte, Compton
by Fresh Start Tax | Sep 17, 2014 | Tax Help
We are a full service tax firm that specialize in immediate release of IRS tax levies, bank & wage garnishment levy and tax settlements.
The Affordable Professional Tax Firm.
We have been in private practice since 1982 and are A plus rated by the BBB.
We are comprised of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents and managers.
Our former IRS agents and managers have over 60 years of combined work experience in the local, district, and regional tax offices of the IRS.
We are a full service firm with expertise in all IRS matters.
Release and Removals of IRS Tax Levy, Bank and Wage Garnishment Levy
After receiving your current financial statement documented, we can get a tax levy release generally within a 24 hour.
This means your case will be settled and closed with Internal Revenue Service.
IRS settlements usually come in 2 general forms.
After Internal Revenue Service reviewed your current financial statement they will make one of two recommendations.
Your financial statement will lead IRS to determine that you are a current hardship and suspend your case for two or three years before it gets reactivated back to the field.
This will allow you to hopefully have an increase of income over the next couple years.
IRS may also settle a case by putting you on a payment plan.
There are various options for IRS payment plans you can call us today we will walk you through the payment plan process.
You may be an offer in compromise settlement candidate.
There is an IRS pre-qualifier tool that we will verbally walk you through.
Call us today and we will get your IRS tax Levy, bank wage garnishment levy released and let you know the different settlement options and solutions available to you.
Once again we’re A+ rated by the Better Business Bureau and have been in private practice since 1982.
Tax Attorney Help for IRS Tax Levy, Bank Wage Garnishment Levy * Affordable Fast Tax Relief * Former IRS – Long Beach, Inglewood, El Monte, Compton
by Fresh Start Tax | Sep 17, 2014 | Tax Help
As Former IRS Agents and Managers, we know the system inside and out.
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.There is a very specific process to make this a seamless 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.
We understand the system because we worked the system for over 60 years and were teaching instructors at IRS that taught others their jobs at the IRS.
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 Tax Levies Released and Removed
Everything in life there is a process and the IRS is no different. They have a very specific process.
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.
Tax Help – IRS Tax Levy, Bank Wage Garnishment Levy * Affordable Fast Tax Relief * Former IRS – Long Beach, Inglewood, El Monte, Compton
by Fresh Start Tax | Sep 17, 2014 | Tax Help
The Individual Shared Responsibility Payment
Beginning in 2014, the individual shared responsibility provision of the Affordable Care Act requires each individual to:
- Maintain a minimum level of health care coverage – known as minimum essential coverage, or
- Qualify for an exemption, or
- Make an individual shared responsibility payment when filing their federal income tax returns.
Minimum essential coverage generally includes government-sponsored programs, employer-provided health coverage, and coverage purchased in the individual market, including the Health Insurance Marketplace.
Most people already have health insurance coverage that qualifies as minimum essential coverage, and therefore will not need to make a payment if they maintain their qualified coverage.
However, for each month that you or a member of your family is without minimum essential coverage and does not qualify for an exemption, you will need to make an individual shared responsibility payment.
If you and your dependents had minimum essential coverage for each month of 2014, you will check a box indicating that when you file your 2014 federal income tax return.
If you qualify for an exemption, you will attach a form to your tax return to claim that exemption. If you are required to make the individual shared responsibility payment, you will calculate your payment and make the payment with your return.
If you choose to make an individual shared responsibility payment instead of maintaining minimum essential coverage, this means you will not have health insurance coverage to help pay for medical expenses.
In general, the individual shared responsibility payment for 2014 is the greater of:
- One percent of your household income above the income filing threshold for your tax filing status, or
- A flat dollar amount of $95 per adult and $47.50 per child (under age 18) in your family, but no more than $285 per family.
The individual shared responsibility payment is also capped at the cost of the national average premium for bronze level health plans available through the Marketplace that would cover everyone in your family who does not have minimum essential coverage and does not qualify for an exemption – for example, $12,240 for a family of five.
However this maximum fee will only impact the small number of high-income taxpayers who choose to go without health insurance.
The payment amount is based on each individual’s personal circumstances, and information about figuring the payment can be found on our ‘Calculating the Payment’ page on IRS.gov/aca.
Example of Payment Calculation
Eduardo and Julia are married and have two children under age 18. No family member has minimum essential coverage for any month during 2014, and no family member qualifies for an exemption.
For 2014, their household income is $70,000 and their tax return filing threshold amount is $20,300.
Using the household income formula:
- Subtract the tax return filing threshold amount for 2014 from the 2014 household income, then multiply the answer by one percent (0.01).
$70,000 – $20,300 = $49,700
One percent of $49,700 equals $497.00.
Using the flat dollar amount formula: Add $95 per adult for Eduardo and Julia to $47.50 per child – for their two children.
$95.00 + $95.00 + $47.50 + $47.50 = $285.00
Eduardo and Julia’s shared responsibility payment for the year for 2014 is $497.
That’s because the household income formula amount of $497 is greater than flat dollar formula amount of $285, and it is less than the $9,792 annual national average premium for bronze level coverage for a family of four in 2014.
More examples can be found on IRS.gov/aca.
More Information
Find out more about the tax-related provisions of the health care law at IRS.gov/aca.
Find out more about the health care law at HealthCare.gov.
