by Fresh Start Tax | Jun 23, 2014 | Tax Help
We are a professional Christian tax firm that specializes in back IRS tax debt relief.<><
We are comprised of Christian tax attorneys, Christian tax lawyers, Christian CPAs, and Christian former IRS agents, managers and tax instructors.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
As a result of our years of experience at IRS we understand all the strategies, protocols, and tax codes to provide you all the various tax options to relieve you of your back IRS tax debt.
You will get solid biblical-based tax advice to honor God in all the decisions that we make.
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
You can contact us today for a free initial tax consultation and we can show you the various ways to resolve your back IRS or State tax issue so this does not keep you in bondage and you can have IRS Back Tax Debt Relief.
If you have unfiled tax returns we can file those back tax returns for you and work out a tax settlement at the same time.
Blessings
Back IRS Tax Debt Relief – Christian Faith Based Tax Firm – Tax Attorneys, Tax Lawyers, CPA’s, Former IRS <><
by Fresh Start Tax | Jun 23, 2014 | Tax Help
We are a professional Christian Tax Firm that specializes in IRS, Federal or State tax problems.<><
We had been in practice since 1982 in our A+ rated by the Better Business Bureau.
We can remedy all tax issues, problem or matters.
We have 206 years of professional tax experience.
If you owe back taxes to the IRS or to the State contact us today for a no cost professional tax consultation.
Our Christian firm is a team tax attorneys, tax lawyers, certified public accountants, Emerald agents, and former IRS agents, managers and tax instructors.
Our former IRS agents have a comprised 60 years of IRS experience in the local, district, and regional tax offices of the IRS.
Our former state agent has over 16 years of direct audit experience the Department of revenue.
All our work is done in-house by Christian tax professionals.
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
Call us today for a free initial tax consultation and hear the truth about owing back tax debt.
We will review the various solutions to remedy the problem you have an offer different tax strategies to resolve your back tax problems.
Owe Back Taxes – IRS, Federal or State – Christian Tax Help <>< Attorneys, CPA’s, Former IRS
by Fresh Start Tax | Jun 23, 2014 | Tax Help
Casualty, Disaster, and Theft Losses – Tax Deductions
You save money on your tax return, contact former IRS agents and managers of the system can assure that you pay the lowest amount of tax bylaw.
As a general rule, you may deduct casualty and theft losses relating to your home, household items and vehicles on your federal income tax return.
You may not deduct casualty and theft losses covered by insurance unless you file a timely claim for reimbursement, and you reduce the loss by the amount of any reimbursement or expected reimbursement.
A casualty loss can result from the damage, destruction or loss of your property from any sudden, unexpected, or unusual event such as a flood, hurricane, tornado, fire, earthquake or even volcanic eruption.
A casualty does not include normal wear and tear or progressive deterioration.
A theft is the taking and removing of money or property with the intent to deprive the owner of it.
The taking must be illegal under the law of the state where it occurred and it must have been done with criminal intent.
If your property is personal-use property or is not completely destroyed, the amount of your casualty loss is the lesser of:
- The adjusted basis of your property, or
- The decrease in fair market value of your property as a result of the casualty
The amount of your theft loss is generally the adjusted basis of your property because the fair market value of your property immediately after the theft is considered to be zero.
If your property is business or income-producing property, such as rental property, and is completely destroyed, then the amount of your loss is your adjusted basis.
The loss, regardless of whether it is a casualty or theft loss, must be reduced by any salvage value and by any insurance or other reimbursement you receive or expect to receive.
The adjusted basis of your property is usually your cost, increased or decreased by certain events such as improvements or depreciation.
Tax Return Placement of Losses
Individuals are required to claim their casualty and theft losses as an itemized deduction on Form 1040, Schedule A (PDF) (or Form 1040NR, Schedule A (PDF), if you are a nonresident alien).
For property held by you for personal use, once you have subtracted any salvage value and any insurance or other reimbursement, you must subtract $100 from each casualty or theft event that occurred during the year.
Then add up all those amounts and subtract 10% of your adjusted gross income from that total to calculate your allowable casualty and theft losses for the year.
Where to Report the Loss
Casualty and theft losses are reported on Form 4684 (PDF), Casualties and Thefts.
Section A is used for personal-use property, and Section B is used for business or income-producing property.
If personal-use property was damaged, destroyed or stolen, you may wish to refer to Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property).
For losses involving business-use property, refer to Publication 584-B (PDF), Business Casualty, Disaster, and Theft Loss Workbook.
Casualty losses are generally deductible in the year the casualty occurred.
However, if you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choose to treat the loss as having occurred in the year immediately preceding the tax year in which the disaster happened, and you can deduct the loss on your return or amended return for that preceding tax year.
Review Disaster Assistance and Emergency Relief for Individuals and Businesses on IRS.gov, for information regarding time frames and additional information to your specific qualifying event.
Theft losses are generally deductible in the year you discover the property was stolen unless you have a reasonable prospect of recovery through a claim for reimbursement.
In that case, no deduction is available until the taxable year in which it can be determined with reasonable certainty whether or not such reimbursement will be received.
Special rules may apply to theft losses from Ponzi-type investment schemes. For more information, see the Form 4684 (PDF) and the Form 4684 Instructions (PDF), Casualties and Thefts. Additionally, review Help for Victims of Ponzi Investment Schemes on IRS.gov.
If your loss deduction is more than your income, you may have a net operating loss. You do not have to be in business to have a net operating loss from a casualty.
Casualty, Disaster, and Theft Losses, What You Need to Know, Former IRS
by Fresh Start Tax | Jun 22, 2014 | Tax Help
What is one of the easiest ways to pay your taxes?
Through EFTPS: The Electronic Federal Tax Payment System
EFTPS® is a system for paying federal taxes electronically using the Internet, or by phone using the EFTPS® Voice Response System.
EFTPS® is offered free by the U.S. Department of Treasury.
Over 12 million taxpayers are currently enrolled in the system.
Since EFTPS® began in 1996, there have been over 1.45 billion electronic payments made, totaling over $29.5 trillion! WOW
EFTPS® offers …
1. Security
2. Convenience
3.Accuracy
EFTPS® is a secure government web site that allows users to make federal tax payments electronically.
Every user must have a secure Internet browser with 128-bit encryption in order to access the site.
To log on to the system, an enrolled user must be authenticated with three pieces of unique information:
1. Taxpayer Identification Number (EIN or SSN), EFTPS®,
2.Personal Identification Number (PIN) and,
3. An Internet Password.
The combination of these three pieces of identification adds to the security of the site and the privacy of taxpayer data.
EFTPS® offers you the convenience and flexibility of making your tax payments via the Internet or phone.
You can initiate your tax payment from your home or office, 24/7.
Businesses and Individuals can schedule payments up to 365 days in advance.
Scheduled payments can be changed or cancelled up to two business days in advance of the scheduled payment date.
You can use EFTPS® to make all your federal tax payments, including income, employment, estimated and excise taxes.
You can check up to 16 months of your EFTPS® payment history online or by calling EFTPS® Customer Service.
By 8 p.m. ET at least one calendar day in advance of the due date, submit your payment instructions to EFTPS® to move the funds from your account to the Treasury’s account for payment of your federal taxes.
Funds will not move from your account until the date you indicate. You will receive an immediate acknowledgement of your payment instructions, and your bank statement will confirm the payment was made.
The How To Of – EFTPS® Enrollment
To enroll, or for more information on enrollment, visit EFTPS® or call EFTPS® Customer Service to request an enrollment form:
1-800-555-4477
1-800-733-4829 (TDD Hearing-Impaired)
1-800-244-4829 (Español)
EFTPS Inquiry PIN
Beginning this year, when Payroll Service Providers enroll clients in EFTPS, an EFTPS Inquiry PIN will automatically be sent to the taxpayer.
Taxpayers who have had activity on their EFTPS account over the prior 12 months will also receive Inquiry PINs.
This Inquiry PIN allows the taxpayer access to monitor the EFTPS for transactions made on their behalf.
How to Pay IRS Taxes through the Electronic Federal Tax Payment System
by Fresh Start Tax | Jun 21, 2014 | Tax Help
We are comprised of tax attorneys tax lawyers certified public accountants, enrolled agents and former IRS agents / managers and tax instructors.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We have 206 years of professional tax experience.
After being in private practice we have expanded our firm to provide quality service and care for taxpayers who have IRS matters.
We now have a nationwide tax practice with a professional staff that can immediately, permanently and affordably resolve any and all IRS tax problems.
We can go ahead and get IRS tax levies released within 24 hours of receiving your verified and documented financial statement.
We can also represent you during an IRS tax audit and provide you with the best possible tax defense by using a former IRS agents/ managers to represent your best interest.
We can file an offer in compromise for you and settle your IRS tax debt if you are a qualified and suitable candidate for pennies on the dollar.
When calling our office you will speak to a true IRS tax expert who will review your case and come up with various solution plans to remedy your situation and get this problem behind you once and for all.
You can call us today for free initial tax consultation.
We are the affordable, friendly, and trustworthy tax firm that has been practicing since 1982.
Tax Attorneys, Tax Lawyers – IRS Levy, IRS Audit, IRS Debt Settle – New Haven, Fairfield, Stamford, New London
