by Fresh Start Tax | Jun 20, 2014 | Tax Help
We are the most affordable choice!
Have former IRS agents and managers completely resolve your back tax issues, remove an IRS bank or wage garnishment levy and settle your case all at the same time.
We are A+ rated by the Better Business Bureau and have been in practice since 1982.
Being a former IRS agent there are fast and efficient protocols to get an IRS bank or wage garnishment levy released.
Because taxpayers have not responded to their final IRS’s notice, the IRS enforcement computer automatically generates a bank or wage garnishment levy based on information they have within their computer system.
The Internal Revenue Service is looking to close your case.
The only way they can do that is to receive a current financial statement and to make a determination how you plan to settle your IRS debt.
As a general rule, taxpayers who have received these final notices are put into two general categories.
As a general rule, most taxpayers are currently not collectible and put into a hardship file. Those cases stay there for a couple years until their income improves.
The other option, the Internal Revenue Service may ask for a payment agreement based on a current financial statement.
Taxpayers will need to submit the current financial statements.
The Internal Revenue Service will require a current financial statement on form 433F along with all documentation.
The Internal Revenue Service will compare your expense statement to that of the national, and local standards.
As soon as IRS completely reviews your financial statement they will go ahead issue a levy release of let you know how they will close your case.
As a general rule once we, FST, get your completely verified financial statement we can go ahead and get your bank or wage garnishment levy released generally within 24 hours and have your case settled.
If you are looking for an IRS tax settlement we can walk you through the pre-qualifier tool to find out if you are a candidate for the new offer in compromise program.
Contact us today for free initial tax consultation and we can walk you through the available resolution options and get your IRS case behind you once and for all.
We are A+ rated by the Better Business Bureau have been in private practice since 1982.
IRS Levy – Remove IRS Bank, Wage Garnishment Levy, Tax Settlement – Affordable – Greenwich, Norwalk, White Plains, New Caanan
by Fresh Start Tax | Jun 19, 2014 | Tax Help
Reporting Losses Resulting from Ponzi Schemes
We are a team of tax attorneys, certified public accountants, and former IRS agents that can help you file for and prepare your tax returns if you have been involved in any Ponzi scheme and need to take tax losses.
Revenue Procedure 2009-20 was posted on April 6, 2009.
This revenue procedure provides an optional safe harbor treatment for taxpayers that experienced losses in certain investment arrangements discovered to be criminally fraudulent.
It also describes how the Internal Revenue Service will treat a return that claims a deduction for such a loss and does not use the safe harbor treatment described in this revenue procedure.
Taxpayers claiming a loss are instructed to mark “Revenue Procedure 2009-20” at the top of the Form 4684.
The taxpayer must also sign and attach a statement as defined in Appendix A.
This requires signatures from the individual, corporation, or partnership.
A workaround for electronically filed TY2008 corporate or partnership returns has been posted.
The workaround provides guidance on how electronic filers may fulfill the requirements in Revenue Procedure 2009-20.
Taxpayers who electronically file Form 4684 with a TY2008 tax return claiming a loss as described in Rev Proc 2009-20 may fulfill the requirement to mark “Revenue Procedure 2009-20” at the top of the form 4684 by attaching a General Dependency and entering “Revenue Procedure 2009-20 on F4684” in the Description field.
Taxpayers may submit the required statement as defined in Appendix A of the Rev Proc, including the signature(s), as a PDF file. Name the PDF file “RevProc2009-20.pdf” and enter “Rev Proc 2009-20” in the Description field of the Binary Attachment.xsd file. Attach the PDF file to the electronic return.
by Fresh Start Tax | Jun 19, 2014 | Tax Help
Exemption Requirements – 501(c)(3) Organizations
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.
In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations.
Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.
The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization’s net earnings may inure to the benefit of any private shareholder or individual.
If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.
Section 501(c)(3) organizations are restricted in how much political and legislative (lobbying) activities they may conduct.
For a detailed discussion, see Political and Lobbying Activities.
For more information about lobbying activities by charities, see the article Lobbying Issues; for more information about political activities of charities, see the FY-2002 CPE topic Election Year Issues.
by Fresh Start Tax | Jun 19, 2014 | Tax Help
We have over 60 years of direct IRS work experience in a local, district, and regional tax offices of the IRS.
We can affordably resolve any IRS matter or problem that you have immediate and permanent basis.
We have been in practice since 1982 in our A+ rated by the Better Business Bureau.
Back Taxes
Millions of taxpayers owe back taxes you are not alone.
Last year over 16 million taxpayers did not file their tax returns.
Of those who file for tax settlement, 38% of all though settle their case with the Internal Revenue Service for average of $.14 on the dollar. To settle your case with the Internal Revenue Service you will need to file an offer in compromise. You can find that information on our website.
If you need to file past, old or previous tax returns call us today before the IRS files your tax return under 6672 the IRS code.
IRS has the ability to file your past tax returns and you will not be happy with their results.
With you have few or little tax records we can prepare your return under reconstructive methods that we learned and taught at the Internal Revenue Service as former IRS agents.
Call us today we will review your situation and come up with the game plan so you can permanently and immediately resolve your back tax issues and problems with the Internal Revenue Service.
We are A+ rated by the Better Business Bureau of been in private practice since 1982.
Back Taxes – Tax Help, IRS Settlement, File Back Tax Returns *Affordable* New Haven, Fairfield, Stamford, New London
Call us today for free initial tax consultation and speak to a true Iris tax expert
by Fresh Start Tax | Jun 19, 2014 | Tax Help
If you have any type of IRS problem it only makes sense to hire former IRS agents and managers who know the system completely resolve your IRS matter.
We are comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors that have a total of 206 years of professional tax experience.
Our former IRS agents have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We are a full service tax firm that specializes in any type of IRS problem. we have been in private practice since 1982 and her A+ rated by the Better Business Bureau.
We handle anything from a simple notice / letter, representing you during the collection or audit matter, taking the case to appeals and even tax court if necessary.
All our work is done in-house by true tax professionals.
Fresh Start Tax LLC is a professional tax firm that has taken their practice nationwide to offer IRS tax debt relief to taxpayers who need immediate assistance on IRS matters.
You can call us today for a free initial tax consultation and speak directly to a tax attorney, CPA, or former IRS agent who is a given expert in their area of expertise.
At Fresh Start Tax LLC you are matched up with the person who has a specific expertise in the problem or situation you are having.
We are fast, trustworthy, and very affordable.
We’re A+ rated by the Better Business Bureau on a been in private practice since 1982.
Call us today for a free initial tax consultation.
IRS Tax Debt Relief – Remove Levy, IRS Audit, Settlement, File Taxes * Former IRS* New Haven, Fairfield, Stamford, New London
