by Fresh Start Tax | Apr 25, 2014 | Tax Help
With 131 Million Returns Filed, Millions of Amended Returns Expected
As of April 18, almost 46 million returns were e-filed from home computers, more than the total from home computers for all of 2013.
The IRS has received more than 131 million returns, of which 88 percent were e-filed.
The IRS also projects that almost 5 million taxpayers will amend their returns by filing Form 1040X during 2014.
Taxpayers who need to amend their returns should file this form only after filing the original return.
Generally, for a credit or refund, taxpayers must file Form 1040X within 3 years, including extensions, after the date they filed their original return or within 2 years after the date they paid the tax, whichever is later.
For most people, this means that returns for tax-year 2011 or later can still be amended.
This year, many same-sex couples may want to consider filing amended returns.
A same sex couple, legally married in a state or foreign country that recognizes their marriage, is now considered married for tax purposes.
This is true regardless of whether or not the couple lives in a jurisdiction that recognizes same-sex marriage.
For returns originally filed before Sept. 16, 2013, legally married same sex couples have the option of filing amended return to change their filing status to married filing separately or married filing jointly.
But they are not required to change their filing status on a prior return, even if they amend that return for another reason.
In either case, their amended return must be consistent with the filing status they have chosen.
As all amended returns must be filed on paper, allow up to 12 weeks for Form 1040X to be processed. Starting 3 weeks after filing their amended returns, taxpayers can use the “Where’s My Amended Tax Return?” tool on IRS.gov to check the status.
by Fresh Start Tax | Apr 25, 2014 | Tax Help
We are a expert tax firm that specializes in affordable IRS tax help.
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How fast can I get a tax levy release?
It is possible to get an IRS tax levy release with one phone call to IRS.
Before you make a phone call you must have prepared and in your hand and ready to fax a fully documented 433F, IRS financial statement.
With that in hand, the IRS agent on the other end of the phone will ask you to forward the documentation, they will review the information and provide an exit strategy for you and release the IRS bank or wage levy.
You will also have to make sure your tax returns are filed and up-to-date.
How can I get a back tax settlement?
You can get a back tax settlement by filing what is known as an offer in compromise. Before you file an offer in compromise you should walk through the pre-qualifier tool that you can find on our website.
When should I file my back tax returns?
You should file all back tax returns as soon as possible.
Most taxpayers do not file their back tax returns because they have incomplete tax records or panic or fear sets in because of the multiple years of not filing.
IRS wants you back in the system. So whether you have few or little records we can complete and prepare all your back tax returns and work out a tax settlement at the same time.
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IRS Taxes Help – Levy Releases, Back Tax Settlements & Back Tax Filings =Affordable= N.Druid Hills, Powder City, Silver City, Tucker, Tybee Island
by Fresh Start Tax | Apr 24, 2014 | Tax Help
Let Former IRS Agents and Managers fight your battle, we are the affordable local choice.
We are a local South Florida tax firm from that specializes in IRS tax relief.
We have been in practice in South Florida since 1982 and we are A+ rated by the Better Business Bureau.
Due to our vast amount of IRS experience we can handle any IRS situation you have.
As a general rule we can get a tax levies (bank and wages ) released within 24 hours of receiving a fully documented IRS financial statement which is on 433-F.
You should also be advised that the get an IRS levy release you will have to file all back tax returns.
Fresh Start Tax LLC can defend any IRS tax audit whether it be in office audit or a revenue agent audit because our staff at FST has worked in all IRS audit positions and understand the settlement programs.
As far as IRS tax settlements, we have a former IRS revenue officer on staff who both worked and taught the offer in compromise program / a tax settlement program at IRS.
If you need to file back tax returns we can do so with little or no records by using reconstructive methods learned and taught at the Internal Revenue Service.
Feel free to come by our office or give us a call.
All initial tax consultations are free and you can speak directly to a true local tax professional who is an expert in all IRS situations.
We also handle all Florida state matters including the Department of Revenue and sales tax.
How far back can the IRS go to audit my return?
Generally, the IRS can include returns filed within the last three years in an audit. Additional years can be added if a substantial error is identified.
Generally, if a substantial error is identified, the IRS will not go back more than the last six years.
The IRS tries to audit tax returns as soon as possible after they are filed.
Accordingly most audits will be of returns filed within the last two years.
FAQ for IRS Tax audits
If an audit is not resolved, you may be asked to extend the statute of limitations for assessment of your tax return.
The statute of limitations limits the time allowed to assess additional tax.
The statute of limitations is generally three years after a return is due or was filed, whichever is later.
There is also a statute of limitations for making refunds.
Extending the statute will allow you additional time to provide further documentation to support your position, request an appeal if you do not agree with the audit results, or to claim a tax refund or credit.
It also allows the IRS time to complete the audit and provides time to process the audit results.
You do not have to agree to extend the statute of limitations date.
However, if you do not agree, the auditor will be forced to make a determination based upon the information provided.
IRS Help – Tax Levy, Tax Audit, Tax Settlement, Back Tax Returns – Affordable – Hypoluxo, Indiantown, Tequesta, Malabar – Tax Attorney
by Fresh Start Tax | Apr 23, 2014 | Tax Help
If you are having problems with the Internal Revenue Service you are not alone.
Some quick tax facts
- the IRS sends out 1.8 billion bank in wage levies every year,
- the IRS collects over $30 billion a year on enforced collections,
- the Internal Revenue Service sends out close to 900,000 federal tax levies every year
- the Internal Revenue Service sends out 1.4 million audit notices every year,
- the IRS audits 359,000 taxpayers by office or field audits every year,
- the IRS claims that 16 million taxpayers do not file annual tax returns,
- the IRS audits less than 1% of all taxpayers
If you fall into one of these categories and need of immediate IRS tax resolution help because of a back tax issue call us today and speak directly to a true tax professional.
Our firm is comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors.
On staff are former IRS agents who have a combined 60 years of direct work experience in Florida’s IRS offices.
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Because of our years of experience at Internal Revenue Service we can help provide tax relief for any situation you have.
Our firm can prepare and file all back tax returns, workout a tax debt settlement if you qualify for offer in compromise, get a bank or wage garnishment levy released within 24 hours after receiving your current financial statement, and represent your best interests during an IRS tax audit.
We know the audit system inside and out.
Because of our years of experience at the Internal Revenue Service we understand all the systems and protocols necessary to resolve your case for the least amount of damage.
We are one of Florida’s most affordable professional tax firms.
We have been in practice since 1982 and are A+ rated by the Better Business Bureau.
Call us today for free initial tax consultation.
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IRS Taxes Help, Back Tax Returns, Debt Settlement, Tax Levy, Tax Audits, Green Cove Springs, Fruitland Park, High Spring, Holly Hill, 1-866-700-1040
by Fresh Start Tax | Apr 23, 2014 | Tax Help
We’re one of Florida’s oldest tax resolution firm’s that has been practicing since 1982 in our A+ rated by the Better Business Bureau.
Our firm is comprised of tax attorneys, certified public accountants and former IRS agents.
Our former IRS agents have a combined 60 years of direct tax experience in the local, district, and regional tax offices of Florida’s IRS.
Some quick tax facts
- the IRS levies some 2 million taxpayers each and every year,
- the IRS audits less than 1% of all tax returns every year,
- over 16 million taxpayers do not file timely tax returns,
- the IRS accepts 38% of all offers in compromise filed
- the average settlement is $.16 on a dollar.
- the IRS audits some 1.4 million taxpayers by mail every year,
- the IRS collects over $30 million a year on enforced collections.
If you have any back tax issues including a tax levy on your wages or your bank account simply contact us today and generally within 24 hours of receiving your completed financial statement we can usually get a bank or wage levy released.
Regarding Tax Debt Settlements
Guidelines for Requesting an OIC
In order to request an Offer in Compromise from the IRS, you must fill out and submit IRS Form 656.
You also must submit IRS Form 433-A if you are requesting an Offer in Compromise as an individual taxpayer, or IRS Form 433-B if you are requesting an Offer in Compromise as a business.
In order to complete your application, you must pay a $186 non-refundable application fee as well as a payment toward your tax debt.
The amount of your initial payment may vary.
You have the option of paying either:
- 20% of the initial offer amount with your application, with the offer amount to be paid in full once the IRS accepts your offer, or
- an initial monthly payment, which you continue to pay each month while the IRS considers your application, as well as after the IRS accepts your offer.
If you meet the Low Income Certification guidelines of the IRS, you will not need to pay the $186 application fee, or make an initial monthly payment until the IRS accepts your offer.
After the IRS accepts your offer, you must then begin making payments toward your compromised IRS tax debt. You also need to carefully read the terms of acceptance on the back of the offer forms.
Back Taxes Returns an Issue?
Not to worry.
We can file all your back tax returns with little or no tax records using reconstructive methods we learned that Internal Revenue Service.
Do not let not having your back tax records stop you from getting current with IRS.
IRS Back Taxes Help, Tax Levy, Tax Audits, Settlement, Back Tax Returns – Valparaiso, Treasure Island, Bowling Green, Eagle Lake, Egypt Lake-Leto
