by Fresh Start Tax | Apr 30, 2014 | Tax Help
We can file all your back tax return and work out a tax settlement all at the same time. We know the system being Former IRS.
Being a former IRS agent I have found after dealing with thousands of taxpayers that once a taxpayer does not file one year, multiple tax years are not filed thereafter.
It is very commonplace because fear, panic and worry set in.
At some point in time everyone will have to file their back tax returns because they will eventually get a letter from the Internal Revenue Service requesting their tax returns be filed.
If that this is the case for you call us today and we can walk you through the process and let you know how you can not only file your back tax returns but workout effective tax settlement as well.
In some cases you will have to file three back tax years in another cases, six tax year will be required.Everything depends on your individual situation and your asset base.
What is so sad about some taxpayers is that many lose tax refunds.
Make sure this does not happen to you.
There is a three-year statute of limitations to get your refunds back.
General IRS Policy Statement 5-133
Delinquent returns—enforcement of filing requirements
Taxpayers failing to file tax returns due will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of willfulness or fraud exist, the special procedures for handling such returns must be followed.
Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
Factors to be taken into account include, but are not limited to: prior history of noncompliance, existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval. Also, if delinquency procedures are not to be enforced for the full six year period of delinquency, prior managerial approval must be secured.
Filing Back Tax Returns, Owe Back Taxes, Offer in Compromise ,Knoxville, Memphis, Nashville,
by Fresh Start Tax | Apr 29, 2014 | Tax Help
With a combined 60 years of direct IRS work experience we can stop IRS levies and settle your case.
Have Former IRS Agents and Managers STOP your IRS Bank Tax Levy or Wage Garnishment.
Get Your Paycheck and Bank Money Back in Your Pocket.
If you have received a IRS paycheck wage garnishment or an IRS bank tax levy contact us today to get immediate tax relief for both situations.
As former IRS agents and managers we issued thousands of paycheck wage garnishment levy’s and IRS bank tax levies when we worked for the IRS and as a result we know the fastest and most expeditious way to get the money back in your pocket.
We can get you immediate releases of paycheck wage garnishments and IRS bank tax levies as soon as we can get your documented financial statement in hand.
As a general rule we can get this relief within 24 hours.
Not only can we stop your paycheck wage garnishment or your IRS bank tax levy we can work out a tax settlement.
If you have to file back tax returns we can get you current with the Internal Revenue Service even if you have little or no tax records.
The Process of Getting your Bank and Payroll Money Back
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage Garnishment and Bank Levies, yes thousands.
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to the IRS.
2. FST will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case.
We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current documented financial statement.
We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement.
The IRS will require a closing settlement method for each case. IRS will either place your case into an economic tax hardship, as for monthly installment agreement or recommend a tax settlement.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Tax Settlement Agreements or closing your case can be in different forms:
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses.
The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise through the new Fresh Start Program of the IRS
There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC.
To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
We can solve any IRS problem you have from a simple notice or letter to going to tax court.
Call us today for free initial tax consultation.
Stop IRS Bank & Wage Garnishment Tax Levy with Former IRS Agents – NASHVILLE
by Fresh Start Tax | Apr 28, 2014 | Tax Help
Fight IRS with Former Affordable IRS Agents and Managers who know the system.
Stop being bullied by the IRS, we know how to bully right back.
We know everything they know. We were former IRS agents and managers who were teaching instructors that taught IRS agents their jobs.
We know every single tax strategy possible and know the best possible tax defenses to get you the results that you need for affordable professional fees.
We have been in practice since 1982 in are A+ rated by the Better Business Bureau.
You have absolutely nothing to lose by calling us today. You will hear the truth about your case and different resolution options.
IRS Tax Levy Releases
If the Internal Revenue Service has sent out an IRS bank levy or a wage garnishment levy contact us today and as a general rule within 24 hours of receiving a documented IRS financial statement we can get your tax levy released and your case settled.
You will need to fill out form 433F and fully document the financial with three months of bank statements, copy of your last pay stub and a copy of all monthly expenses. This is required on almost each and every case.
Owe under $50,000 -Payment Plans
If you owe under $50,000 and wish to make a payment plan with the Internal Revenue Service contact us today and generally we can get your any levy released in your case settled that very day.
Filing Back Tax Returns
If you need to file back tax returns and have little or few tax records, we can prepare your tax returns via reconstructive methods.
We have the ability to pull your income transcripts for up to seven years and prepare your tax return.
If you are going to owe tax we can file your returns and settle your case all at the same time.
IRS Tax Audit
Less than 1% of all taxpayers go through an IRS audit.
If you are one of those taxpayers expecting an individual or business tax audit contact us today and have a former IRS auditor, revenue agent or appellate agent represent you during your IRS tax audit.
We can offer you the very best tax defense possible during an IRS tax audit.
IRS Tax Settlements
If you wish to settle your back tax debt you will need to file an offer in compromise.
On staff is a former IRS revenue officer who both worked the program and taught the program to new IRS employees.
If you call us we can walk you through the program in find out if you are a suitable candidate for a tax settlement/offer in compromise .
We will also walk you through the pre-qualifier tool to find out what is the lowest dollar that you can legally settle for.
Contact us today for a free initial tax consultation and we will have a specific tax expert deal with your individual situation.
We are fast friendly and affordable.
Always do your due diligence before hiring a tax resolution firm or professional tax company.
Check out their BBB score and the professionals on their website.
Knoxville – IRS Taxes Help – *IRS Tax Levy *IRS Tax Audit * Back Tax Returns *IRS Tax Settlement – Affordable – Former IRS Agents
by Fresh Start Tax | Apr 28, 2014 | Tax Help
If you are going to fight the IRS, fight them on there level, hire Former IRS agents and managers who know the system.
Get Your Money Back in Your Pocket.
If you have received a IRS paycheck wage garnishment or an IRS bank tax levy contact us today to get immediate tax relief for both situations.
As former IRS agents and managers we issued thousands of paycheck wage garnishment levy’s and IRS bank tax levies when we worked for the IRS and as a result we know the fastest and most expeditious way to get the money back in your pocket.
We can get you immediate releases of paycheck wage garnishments and IRS bank tax levies as soon as we can get your documented financial statement in hand.
As a general rule we can get this relief within 24 hours.
Not only can we stop your paycheck wage garnishment or your IRS bank tax levy we can work out a tax settlement.
If you have to file back tax returns we can get you current with the Internal Revenue Service even if you have little or no tax records.
The Process of Getting your Money Back
How we can immediately get Notices of Bank Levy and Wage Garnishment Released.
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage/Garnishment and Bank Levies.
We know exactly how to quickly get them released. We have what it takes.
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to them.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS will refuse to work your case.
This is leverage that they use to get you compliant.
We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement.
We will secure a required 433-F (IRS financial statement), verify the income and expenses and work out a settlement agreement.
The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise.
There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC.
To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Stop Paycheck Wage Garnishment, IRS Bank Tax Levy – Affordable -Tax Attorney, Former IRS – Jacksonville
by Fresh Start Tax | Apr 28, 2014 | Tax Help
SOUTH FLORIDA WOMAN PLEADS GUILTY TO FAILING TO DISCLOSE INCOME FROM SWISS BANK ACCOUNTS AND AGREES TO $21 MILLION PENALTY
Mary Estelle Curran of Palm Beach, Fla., pleaded guilty today in the U.S. District Court for the Southern District of Florida to filing false tax returns for tax years 2006 and 2007, the Justice Department and Internal Revenue Service, Criminal Investigation (IRS-CI) announced.
According to court documents, Curran, a U.S. citizen, maintained undeclared bank accounts at UBS AG in Switzerland and a bank in Liechtenstein, which she inherited from her husband in 2000.
The accounts at UBS AG were held in the names of nominee foreign entities, including the Flognet Foundation and Norega Investment.
The account earned income each year, which Curran failed to report on her 2001 through 2007 individual income tax returns.
According to the plea agreement, Curran’s conduct caused a tax loss to the government of approximately $667,716.
The value of all undeclared foreign financial accounts owned or controlled by Curran exceeded $42 million in 2007.
In order to resolve her civil liability for failure to report her foreign bank accounts, Curran has agreed to pay a civil penalty in the amount of 50 percent of the high balance of the accounts, which is $21,666,929.
“The Justice Department continues to pursue those who hide income and assets from the IRS through the use of nominee businesses and offshore bank accounts,” said Assistant Attorney General Keneally. “U.S. taxpayers who fail to come forward in the voluntary disclosure program risk prosecution and substantial fines, as this case demonstrates.”
“U.S. citizens who seek to avoid their tax obligations by hiding income in undeclared bank accounts abroad should by now be fully on notice that they will be held accountable for their actions, both civilly and criminally,” said U.S. Attorney for the Southern District of Florida Wilfredo A. Ferrer. “The U.S. Attorney’s Office is committed to helping the IRS enforce our nation’s tax laws.”
“Offshore accounts can no longer be used to hide from the IRS and avoid paying the fair amount of tax,” said Richard Weber, Chief, IRS Criminal Investigation. “IRS Criminal Investigation is aggressively pursuing tax cheats – both domestically and internationally. We owe it to every American taxpayer to use all lawful means to identify and prosecute both those who evade their taxes and those who assist them in evading their tax obligations.”
Curran faces a potential maximum prison term of six years. A sentencing date has not been set.
Assistant Attorney General Keneally and U.S. Attorney Ferrer thanked Special Agents of IRS – CI, who investigated the case, and Tax Division Senior Litigation Counsel Mark F. Daly and Trial Attorney Michelle M. Petersen and Assistant U.S. Attorney Thomas P. Lanigan, who prosecuted the case.
The moral of this story is to find IRS before they find you.
