by Fresh Start Tax | Apr 23, 2014 | Tax Help
We can resolve any IRS or state of Florida tax problems.
We are a Florida tax firm that deals specifically in resolving state and federal problems.
We have been in practice since 1982 and are A+ rated by the Better Business Bureau
Our staff is comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents.
We have worked out of Florida’s IRS’s offices for a combined 60 years.
We have worked as IRS auditors, IRS revenue officers, IRS revenue agents, IRS appellate agents.
Our firm handles anything from a simple IRS notice or letter to going to tax court if necessary.
Back Taxes Problems
Anytime you will money to the Internal Revenue Service you will have to have all your tax returns filed and brought current.
Being a former IRS agent I can tell you the Internal Revenue Service will not work with any taxpayer who is trying to resolve their account without filing all their back tax returns. It is part of the system.
If you are going to owe money to the Internal Revenue Service you will need to send or fax into the IRS a current financial statement on form 433-F along with full documentation to support that financial statement.
After the Internal Revenue Service reviews that financial statement IRS will place you into an:
1. noncollectable file,
2. insist on a monthly installment agreement, or
3. recommend you file for offer in compromise or tax debt settlement.
IRS Tax Levy
The Internal Revenue Service sends out close to 2 million bank or wage levy garnishments each and every year.
You will need to provide IRS a current financial statement to get immediate release of a federal tax levy.
If you have received a federal tax levy and need to get an immediate release we can probably have that release executed within 24 hours of you sending us your fully documented financial statement.
Tax Audit
If you will experience an IRS audit it only makes good solid common sense to call a former IRS agents on who know the system, know the process and know the fastest and quickest way to get through your IRS tax audit. We have handled countless numbers of audits.
Back tax returns
If you owe IRS back tax returns we could prepare all back returns with or without tax records.
We simply pull IRS income tax transcripts and prepare your tax return using reconstructive methods. Being former IRS agents we know the system on how to deal with IRS and the filing of back tax returns.
Call us today for free initial tax consultation we can quickly and affordably end your IRS problem.
IRS Back Taxes Help, Tax Levy, Tax Audit, Back Tax Returns, Debt Settlement Experts ,Indian Harbor, South Pasadena, Lake Alfred, Kenneth City,
by Fresh Start Tax | Apr 23, 2014 | Tax Help
We are a professional tax firm that specializes in offshore compliance and offshore representation.
We are comprised of tax attorneys, tax lawyers, certified public accountants and former IRS agents.
You can contact us today for an initial tax consultation covered under attorney-client privilege if necessary. Skype available.
News Updates
One of the Tax Division’s top litigation priorities is combating the serious problem of non-compliance with our tax laws by U.S. taxpayers using secret offshore bank accounts.
Increased technical sophistication of financial instruments and the widespread use of the internet have made it easy to move money around the world.
According to a 2008 Senate report, the use of secret offshore accounts to evade U.S. taxes costs the Treasury at least $100 billion annually. This is a conservative number.
In recent years, the Tax Division, working closely with United States Attorneys’ offices, has seen ground-breaking success in addressing the use of foreign financial accounts to evade United States taxes and reporting requirements.
The division’s current offshore program began in 2008, with the investigation of UBS AG, Switzerland’s largest bank.
As a result of that investigation, in February 2009, UBS entered into a deferred prosecution agreement (DPA) and admitted guilt on charges of conspiring to defraud the United States by impeding the IRS, exited the business of providing banking services to
U.S. customers with undeclared accounts, and paid $780 million in fines, penalties, interest, and restitution.
As part of the DPA and a 2009 agreement negotiated among the US, UBS, and the Swiss government to settle a civil summons enforcement proceeding brought by the Tax Division, the IRS has received account information about thousands of the most significant tax cheats among the U.S. taxpayers who maintain secret Swiss bank accounts.
In January 2013, the U.S. Attorney’s Office in the Southern District of New York secured the guilty plea of Wegelin Bank, the oldest private bank in Switzerland and the first foreign bank to plead guilty to felony tax charges.
The bank admitted to conspiring to defraud the United States by helping U.S. account holders hide assets from the IRS in undeclared accounts.
A federal district court has also authorized the IRS to issue a “John Doe” summons that will allow the United States to determine the identity of U.S. taxpayers who may hold accounts at Wegelin and other banks based in Switzerland to evade federal income taxes.
The Tax Division has opened investigations into numerous additional offshore banks located in Switzerland, India, Israel and elsewhere.
From 2008 through April 2013, the Tax Division has charged over 30 banking professionals and 60 account holders, thus far resulting in five convictions after trial and 55 guilty pleas, including 2 trial convictions and 16 guilty pleas in the first four months of 2013 alone.
These investigations are expanding into other countries. In April 2013, a federal district court authorized the IRS to issue a “John Doe” summons seeking information about U.S. taxpayers who may hold undeclared offshore accounts at CIBC First Caribbean International Bank (FCIB), a Barbados-based bank with branches across the Caribbean.
The summons, issued to Wells Fargo N.A., seeks records of U.S. taxpayers and financial institutions that used FCIB’s United States correspondent account at Wells Fargo to evade taxes.
As the Division’s investigations focus on an ever-widening circle of banks and others who would assist U.S. taxpayers in attempting to hide income and assets from the United States, those who would use secret offshore bank accounts are running out of places to hide.
The Tax Division is committed to using every tool available in its efforts to identify, investigate, and prosecute these wrongdoers.
For example, a growing number of district and circuit courts are upholding subpoenas to account holders for foreign financial records over Fifth Amendment objections, based on the requirements under Title 31 that such records be maintained.
Prosecutors have also made effective use of subpoenas on U.S.-based correspondent accounts of foreign banks to obtain vital evidence in tax prosecutions.
An essential part of the Tax Division’s mission is to encourage voluntary compliance with the tax laws. In addition to the specific deterrence that results from the Division’s enforcement efforts in connection with unreported foreign financial accounts, these prosecutions have triggered remarkable general deterrence.
The publicity surrounding the Tax Division’s enforcement efforts, operating alongside the Internal Revenue Service’s Offshore Voluntary Disclosure Initiatives, have resulted in an unprecedented number of taxpayers – over 38,000 since 2009 – voluntarily disclosing to the IRS their previously hidden foreign accounts and agreeing to pay billions of dollars in back taxes, interest and penalties to the U.S. Treasury.
As a result, these enforcement efforts not only remedy past wrongdoing, but also bring into the system tax revenue from taxpayers who become compliant going forward.
The lesson and the moral here is to find IRS before they find you.
Call us today for free initial tax consultation.
by Fresh Start Tax | Apr 22, 2014 | Tax Help
Our former IRS agents worked out of the Florida IRS offices in know the systems. We get it done.
If you are looking for professional tax help contact us today for a free initial tax consultation and speak directly to tax attorneys, tax lawyers, CPAs, and former IRS agents.
All initial tax consultations are free. We can offer you a plan of resolution to affordably resolve your IRS tax problem and situation.
Our firm has over 206 years of professional tax experience in over 60 years of working directly for Florida’s IRS offices.
We are A+ rated by the Better Business Bureau.
Tax Levy
Internal Revenue Service sends out close to 2 million tax levies each year on bank accounts and on wages yearly.
You’ll need to complete an IRS financial statement form 433-F have it completely documented including bank statements and pay stubs as well copy of all monthly expenses.
With that in our FST hand, we can get an IRS levy release for you generally within 24 hours. You will need to have all your tax returns filed current and up-to-date.
IRS tax audit.
If you ever received that dreadful letter from the Internal Revenue Service you really have some bad luck is IRS audits less than 1% of all taxpayers.
It is a very important you have a tax audit defense strategy in place.
When you call our office you will speak directly to a former IRS audit or audit manager to offer you the best possible tax defense and to limit any potential IRS damage.
Back Tax Returns
If you need a file back tax returns simply call us and we can file back your tax returns with little or no records.
Most taxpayers who have not filed for many years are afraid to come forward and file.
We can assure you that we can get you back in the system painless and worry free.
Tax Debt Settlement
An IRS tax debt settlement is called an offer in compromise. You may as, what is an offer compromise? read the following.
The Internal Revenue Service has another expansion of its “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past.
“This phase of Fresh Start will assist some taxpayers who have faced the most financial hardship in recent years,” said IRS Commissioner Doug Shulman.
“It is part of our multiyear effort to help taxpayers who are struggling to make ends meet.”
In certain circumstances, the changes announced today include:
- Revising the calculation for the taxpayer’s future income.
- Allowing taxpayers to repay their student loans.
- Allowing taxpayers to pay state and local delinquent taxes.
- Expanding the Allowable Living Expense allowance category and amount.
In general, an OIC is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
An OIC is generally not accepted if the IRS believes the liability can be paid in full as a lump sum or a through payment agreement.
The IRS looks at the taxpayer’s income and assets to make a determination of the taxpayer’s reasonable collection potential. OICs are subject to acceptance on legal requirements.
The IRS recognizes that many taxpayers are still struggling to pay their bills so the agency has been working to put in place common-sense changes to the OIC program to more closely reflect real-world situations.
When the IRS calculates a taxpayer’s reasonable collection potential, it will now look at only one year of future income for offers paid in five or fewer months, down from four years, and two years of future income for offers paid in six to 24 months, down from five years.
All offers must be fully paid within 24 months of the date the offer is accepted. The Form 656-B, Offer in Compromise Booklet, and Form 656, Offer in Compromise, has been revised to reflect the changes.
Other changes to the program include narrowed parameters and clarification of when a dissipated asset will be included in the calculation of reasonable collection potential. In addition, equity in income producing assets generally will not be included in the calculation of reasonable collection potential for on-going businesses.
Allowable Living Expenses
The Allowable Living Expense standards are used in cases requiring financial analysis to determine a taxpayer’s ability to pay. The standard allowances provide consistency and fairness in collection determinations by incorporating average expenditures for basic necessities for citizens in similar geographic areas. These standards are used when evaluating installment agreement and offer in compromise requests.
The National Standard miscellaneous allowance has been expanded to include additional items. Taxpayers can use the miscellaneous allowance for expenses such as credit card payments and bank fees and charges.
Guidance has also been clarified to allow payments for loans guaranteed by the federal government for the taxpayer’s post-high school education.
In addition, payments for delinquent state and local taxes may be allowed based on percentage basis of tax owed to the state and IRS.
This is another in a series of steps to help struggling taxpayers under the Fresh Start initiative.
Call us today to learn more about the offer in compromise your tax debt settlement program.
Tax Levy, Tax Audit, Tax Debt Settlement, Back Tax Returns, Affordable,IRS Taxes Help, – Neptune Beach, Mascotte, Midway, Minneola, Mulberry,
by Fresh Start Tax | Apr 22, 2014 | Tax Help
IRS Notices and Letters
Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons.
Here are things to know in case one shows up in your mailbox – From Fresh Start Tax LLC
1. Don’t panic.
You often only need to respond to take care of a notice.
2. There are many reasons why the IRS may send a letter or notice.
It typically is about a specific issue on your federal tax return or tax account.
A notice may tell you about changes to your account or ask you for more information.
It could also tell you that you must make a payment.
3. Each notice has specific instructions about what you need to do.
4. You may get a notice that states the IRS has made a change or correction to your tax return.
If you do, review the information and compare it with your original return.
5. If you agree with the notice, you usually don’t need to reply unless it gives you other instructions or you need to make a payment.
6. If you do not agree with the notice, it’s important for you to respond. You should write a letter to explain why you disagree.
Include any information and documents you want the IRS to consider.
Mail your reply with the bottom tear-off portion of the notice.
Send it to the address shown in the upper left-hand corner of the notice.
Allow at least 30 -45 days for a response.
7. You shouldn’t have to call or visit an IRS office for most notices.
If you do have questions, call the phone number in the upper right-hand corner of the notice.
Have a copy of your tax return and the notice with you when you call.
This will help the IRS answer your questions.
8. Keep copies of any notices you receive with your other tax records.
9. The IRS sends letters and notices by mail.
We do not contact people by email or social media to ask for personal or financial information.
IRS Notices and Letters – Help For IRS Problems – Fresh Start Tax LLC
by Fresh Start Tax | Apr 22, 2014 | Tax Help
We are a AFFORDABLE Florida Tax Firm that specializes in IRS and State Tax Relief.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau.
We are comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents.
As former IRS agents we have worked as IRS auditors, revenue officers, revenue agents, appellate agents. We handle anything that is IRS related.
When you call our office and we will match you with a specialist who has the expertise that you need for your individualized and personal situation.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in Florida’s local, district, and regional tax offices.
We can go ahead and get tax levy releases within 24 hours, provide your best possible tax audit defense, instruct you to how to settle your tax for the lowest amount allowed by law and if you are a true candidate for offer in compromise.
We can file all your back tax returns if you will owe money we can work out a tax settlement.
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We immediately send a power of attorney to the IRS letting them know we are now your tax representative.
You will never have to speak to the IRS.
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-A (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. IRS 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.
Tax Help IRS – Tax Levy, Tax Audit, Tax Debt Settlement, Back Tax Returns *Affordable* Satellite Beach, Seminole, Springfield, Orange City
