by Fresh Start Tax | Apr 25, 2014 | Tax Help
If you owe back taxes to the Internal Revenue Service it only makes sense to hire former IRS agents and managers who knows the system of tax debt relief.
Being former IRS collection agents we know all the strategies, settlement formulas, and the various ways to get immediate and permanent tax relief if you owe back taxes to the IRS.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, A+ rated by the Better Business Bureau
You can call us today for a free initial tax consultation we will review your case and give you a free evaluation based on your current financial condition and statement
The process to get tax relief if you owe back taxes
There are different remedies.
If you owe back taxes to the Internal Revenue Service or any government agency for that matter, they will always want to secure a current financial statement based on the last tax year.
The Internal Revenue Service’s financial statement is on IRS form 433F that you can find on our website.
IRS will require that that financial statement be accurate, signed under penalties of perjury, and fully documented along with bank statements, pay stubs, and the taxpayer must be able to prove all monthly business expenses.
The IRS and all government agencies have national norms that they expect expect taxpayers to spend for monthly expenses should you exceed those monthly expenses as a general rule, the government will disallow any payments or overages to those things they consider, simply not necessary necessary.
Warning
Before you contact any government agency it is important you contact a true tax professional who understands the national standard test that will be applied for any type of IRS or state tax settlement.
It is important for the taxpayer to know how the government analyzes the financial statement before submitted the financial to any government agency.
As former IRS agents and revenue officers we are reviewed thousands of IRS financial statement since 1982. We know the system.
If you want to go ahead settle a tax debt, declare for economic tax hardship, or qualify for an offer in compromise, contact us today for free initial consultation we will go over your current financial situation and let you know the different settlement strategies necessary to go ahead in resolve this matter once and for all.
You must also be aware that anyone planning to settle a debt or work on any type of deal with the IRS will have to have all tax returns filed and up-to-date.
IRS will also make sure that your current withholding is sufficient so you not continue to owe back tax.
If you need to file your back tax returns simply call us today we can prepare all your back tax returns with little or no back tax records.
We do this through reconstructive methods that we learned at the Internal Revenue Service.
IRS Tax Debt Relief, Owe Back Taxes, Offer in Compromise Settlement,Jacksonville, Tax Attorneys, Former IRS
by Fresh Start Tax | Apr 25, 2014 | Tax Help
Being comprised of tax attorneys, CPAs, and former IRS agents we know how to get immediate relief from IRS bank or wage garnishment levy.
As former IRS agents, specifically revenue officers, we have filed thousands of IRS levies when employed by the Internal Revenue Service and there’s a very specific process to get an IRS bank or wage levy released.
We know the system.
How to Stop the IRS Levy
If the Internal Revenue Service has already sent to your bank or to your employer a notice of levy you will have to contact the issuing agent ASAP.
As a general rule, this levy was served because the taxpayer failed to contact the IRS and IRS is just wanting closing their case off the IRS computer enforcement system called the CADE2.
The IRS agent to close your case will need an exit strategy to take your case off computer system.
Two things are needed before that can be done.
1. IRS will need a current financial statement on form 433-F. That form will need to be accurate, completely documented, and I recommend faxed to the agent working your case.
We can usually get your levy released within 24 hours of receiving your accurate and documented financial statement.
2. The Internal Revenue Service will also want to make sure all your tax returns are current and up-to-date. We can prepare all back returns for you if necessary with little or no records.
When the IRS has your current financial statement in hand, upon there review they will make one of three determinations to close your case and then go ahead and release the bank or wage levy.
1. IRS based on your current financial statement will either place you into a currently non-collectible or hardship file,
2. IRS will make a determination to have you enter into an installment of monthly payment, or
3. IRS may recommend you file an offer in compromise because you will appear to be a suitable candidate.
Once the IRS has determined a closing method that fit there criteria strategy they will release your wager bank levy.
It’s a good idea to have the fax number of the person who has the ability to release the funds belonging to you.
Be prepared to give that to the agent over the phone, they can instantly release or Stop the Levy. If you wait for IRS to mail it can take days.
Need immediate help contact us today to speak directly to a tax professional.
IRS Levy Help, Stop Bank or Wage Levy Right Now – Jacksonville – Affordable – Back Tax Debt Help, Tax Attorneys, Former IRS
by Fresh Start Tax | Apr 25, 2014 | Tax Help
Stop the nightmare with the IRS today.
We are comprised of tax attorneys, tax lawyers, and former IRS agents, managers and tax instructors.
Fresh Start Tax LLC is a specialty firm that has over 206 years professional tax experience and over 60 years of working directly for the Internal Revenue Service in Florida’s IRS offices.
As former employees of the Internal Revenue Service, we taught tax law to new IRS agents as well as tax policy regarding the collection, audit,and appeals divisions of Internal Revenue Service.
We have been in practice since 1982 and are A+ rated by the Better Business Bureau.
There are many excellent firms to choose from when making a choice to resolve your IRS problems.
Make sure you check out the firm’s credentials, their bios, and the ratings, and complaint histories.
Beware of Internet Marketing Companies
If you are surfing the Internet to find a firm or tax resolution company to represent you, be aware that about 95% of all advertising done on the internet is by marketing lead generation’s companies that sell your information to third parties.
I warn the consumer to make sure you are speaking specifically to a true professional tax firm when dealing with your current IRS problems.
All work in our tax firm is done in-house and we can help resolve all back tax issues.
We can help file all your back tax returns, represent you during IRS tax audit or work out of effective tax settlement called an offer in compromise if you qualify for the program.
You may find an IRS pre-qualifier tool on our website and find out what the lowest possible settlement that you can get on your case.
If you are right now under a current IRS tax Levy as a result of a levy served on your bank or wages, as a general rule, within 24 hours of receiving your accurate and documented IRS financial statement we can obtain a levy release and settle your case.
Call us today for free initial tax consultation.
by Fresh Start Tax | Apr 25, 2014 | Tax Help
Taxpayers who have not filed back tax returns are sometimes in a quandary of how many back years they should they file to satisfy the Internal Revenue Service.
The IRS has set up a policy statement dealing with the issue of back tax returns and how many will fulfill the requirements to satisfy the Internal Revenue Service.
The IRS Policy Statement 5-133 regarding the filing of multiple years of back tax returns.
All 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 by the Internal Revenue Service.
If indications of willfulness or fraud exist
If indications of willfulness or fraud exist, the special procedures for handling such returns must be followed.
Where it is determined by the IRS 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.
Some, not all of these factors to be taken into account include:
1. Prior history of noncompliance,
2. Existence of income from illegal sources,
3. Effect upon voluntary compliance, anticipated revenue, and
4. 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.
Not more than six (6) years.
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.
This is rare that a manager overturns this policy.
Also, if delinquency procedures are not to be enforced for the full six year period of delinquency, prior managerial approval must be secured.
IRS Collection Procedures
Being a former IRS revenue officer the IRS attempts to collect these back taxes from non-filers just the way they do any tax delinquent.
They do not go out of the way to punish or hurt the taxpayer because of the multiple years of non filing.
It should be known that IRS just wants to have the individual and taxpayers back in the system.
If you need help filing back taxes returns and working out a tax settlement call us today and speak directly to former IRS agents.
by Fresh Start Tax | Apr 25, 2014 | Tax Help
Amended Returns Tax Returns
If you discover an error after your return has been filed, you may need to amend your return.
The IRS may correct errors in math on a return and may accept returns with certain forms or schedules left out.
You should file an amended return if there is a change in your filing status, income, deductions, or credits.
Also, if the Form 8938 (PDF), Statement of Specified Foreign Financial Assets, applies to you, the form must be filed with an annual return or an amended return.
See When and How To File in the Form 8938 Instructions (PDF).
Use Form 1040X
Use Form 1040X (PDF), Amended U.S. Individual Income Tax Return, to correct a previously filed Form 1040 (PDF), Form 1040A (PDF), Form 1040EZ (PDF), Form 1040NR (PDF), or Form 1040NR-EZ (PDF).
If you owe additional tax for a tax year for which the due date for filing the return has not passed, file Form 1040X and pay the tax by the due date for that year (without regard to any extension of time to file) to avoid penalties and interest.
If the due date falls on a Saturday, Sunday, or legal holiday, filing the form and paying the tax will be timely if filed or paid the next business day.
To determine where you should file Form 1040X, see Where To File in the Form 1040X Instructions (PDF).or call us today.
File a separate Form 1040X for each year you are amending.
Mail each form in a separate envelope.
Be sure to enter the year of the return you are amending at the top of Form 1040X.
The form has three columns. Column A shows original or adjusted figures from the original return.
- Column C shows the corrected figures.
- The difference between Columns A and C is shown in Column B.
- There is an area on the back of the form to explain the specific changes being made and the reason for each change. Attach any forms or schedules that are affected by the change.
Attach copies of any forms or schedules that are being changed as a result of the amendment, including any Form(s) W-2 received after the original return was filed.
Tax forms can be obtained by calling 800-829-3676 or visiting www.irs.gov.
An amended tax return cannot be filed electronically under the e-file system.
Normal processing time for Forms 1040X is up to 12 weeks from the IRS receipt date.
Please note:
Your state tax liability may be affected by a change made on your federal return. For information on how to correct your state tax return, contact your state tax agency.
Check the status of your Form 1040X
You can check the status of your Form 1040X (PDF), Amended U.S. Individual Income Tax Return, using the “Where’s My Amended Return?” (WMAR) online tool or the toll-free telephone number 866-464-2050 three weeks after you file your amended return. Both tools are available in English and Spanish and track the status of amended returns for the current year and up to three prior years.
You must enter your taxpayer identification number, usually your social security number, date of birth, and ZIP code in either application to prove your identity. Once authenticated, you can view the status of your amended return across three processing stages–Received, Adjusted and Completed.
