by Fresh Start Tax | Apr 4, 2014 | Tax Help
Affordable Tax Experts
Get the results you want by calling Former IRS agents and managers who worked out of Florida IRS offices.
Fresh Start Tax LLC is comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors who have a combined 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the state of Florida.
There are very few firms that have the experience of Fresh Start Tax LLC.
We have been in private practice since 1982 in our A+ rated by the Better Business Bureau.
IRS tax levies releases
IRS sends out tax levies when taxpayers failed to contact IRS as a result of a final notice sent to the individual last known address.
IRS will send out one of two levees, IRS will either send out a bank levy or a wage garnishment levy.
IRS sends out just under 2 million tax levies each and every year.
To get your IRS levy released you will have to give IRS a current documented and verifiable financial statement along with your last pay stub, copy of last three months bank statements and copies of your monthly bills.
If you retain Fresh Start Tax, usually within 24 hours of receiving your current financial statement we can get your IRS levy released.
IRS tax audits
IRS audits less than 1% of all taxpayers.
If you received an IRS audit letter or going through an audit and need seasoned and experienced professional tax help, call us today and speak directly to a former IRS audit manager who knows the systems and formulas of settlement.
IRS tax settlement.
An IRS tax settlement is called an offer in compromise.
Over 38% of all offers in compromise or tax settlements that are filed to the Internal Revenue Service are accepted for an average of $.14 on a dollar.
Call us today and we will let you know if you are a qualified and suitable candidate for an offer in compromise.
Back tax filing.
It is critical you file your back tax returns or IRS can prepare your return under 6020 B of the IRS code and they will do you no favors in filing. I can assure you you will pay them most amount of tax allowed by law.
If you have fewer little records we can prepare your tax returns under reconstructive methods and save you tax and assure you that you will pay the lowest amount of tax allowed by law.
Call us today for a free initial tax consultation and see why we are one of the highest rated professional firms in the state of Florida.
Back Taxes Help IRS – Levy, Audit, Settlement, Back Tax File, Relief – Altamonte Springs, Casselberry, Pine Castle, Pine Hills – Tax Attorneys, Lawyers
by Fresh Start Tax | Apr 4, 2014 | Tax Help
Fresh Start Tax LLC is a AFFORDABLE Florida tax firm that specialized in the resolution of any IRS or State of Florida tax problem.
We have been in private practice in the state of Florida since 1982 in our A+ rated by the Better Business Bureau.
The firm is comprised of tax attorneys, certified public accountants, tax lawyers, enrolled agents, and former IRS agents and managers.
Our former IRS agents and managers have worked out of Florida’s IRS offices for a combined 60 years of direct IRS tax experience.
Also, our former IRS agents also taught new agents there jobs in the Atlanta regional service training centers.
Having this degree of expertise that we have learned that the IRS, we know all the systems and formulas to get you immediate and permanent tax relief.
Simply pick up the phone and call us today for a free initial tax consultation and we will offer different in various solutions and how to completely resolve any IRS or state tax problem that you have. You may speak directly to a tax professional in your information will be confidential.
Areas of Professional Tax Representation
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Full Service Accounting Tax Firm,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A” Plus
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction
- FBAR/FATCA Experts
IRS Tax Help * Back Tax Filings * Settle Debt * Audits * Stop Levy Now – Maitland, Conway, Oak Ridge, Doctor Philips – Tax Attorneys, Lawyers
by Fresh Start Tax | Apr 4, 2014 | Tax Help
A Brand New Law Offers Special Tax Option for Philippines Relief Donations; Cash Contributions
Option open Until April 14 Can Be Claimed On 2013 Returns
Taxpayers who make cash contributions on or before April 14, 2014, for Philippines typhoon relief can get an immediate tax benefit by choosing to claim them on their 2013 returns, according to the Internal Revenue Service.
Under special legislation enacted last week, taxpayers can choose to treat cash contributions made on or after March 26, 2014, and before midnight on Monday, April 14, 2014, as if made on Dec. 31, 2013.
This special provision only applies to charitable cash contributions for the relief of victims of Typhoon Haiyan.
It is similar to the accelerated relief provided following the January 2010 earthquake in Haiti.
Eligible contributions
Eligible contributions can be claimed on either a 2013 or 2014 return, but not both. Contributions made after April 14, 2014, but before the end of this year can only be claimed on a 2014 return.
Contributions made by text message, check, credit card or debit card qualify for this special option.
Donations charged to a credit card before midnight on April 14, 2014, are eligible contributions even if the credit card bill isn’t paid until after that date.
Also, donations made by check are eligible if they are mailed by April 14.
Taxpayers can benefit from their donations most quickly by filing their 2013 returns electronically and choosing direct deposit.
Refunds can be directly deposited into a savings, checking or brokerage account, or used to purchase Series I U.S. savings bonds.
The Philippines Charitable Giving Assistance Act, enacted March 25, 2014, does not apply to contributions of property. Gifts made directly to individual victims are not deductible.
To get a tax benefit, individuals must itemize their deductions on Schedule A.
Important note:
Those who claim the standard deduction, including all short-form filers, are not eligible.
Taxpayers should be sure their contributions go to qualified charities.
Most organizations eligible to receive tax-deductible donations are listed in a searchable online database available on IRS.gov under Exempt Organizations Select Check.
Some organizations, such as churches or governments, may be qualified even though they are not listed on IRS.gov.
The IRS reminds donors that contributions to foreign organizations generally are not deductible.
IRS Publication 526, Charitable Contributions, provides information on making contributions to charities.
Federal law requires :
that taxpayers keep a record of any deductible donations they make.
For tax donations by text message, a telephone bill will meet the record keeping requirement if it shows the name of the charity, the date of the contribution and the amount of the contribution.
For cash contributions made by other means, be sure to keep a bank record, such as a cancelled check, or a receipt from the charity showing the name of the charity and the date and amount of the contribution.
Important note : In addition, for donations of $250 or more, taxpayers must obtain a written acknowledgment by the charity.
Special Tax Option for Philippines Relief Donations, Fresh Start Tax LLC
by Fresh Start Tax | Apr 4, 2014 | Tax Help
Affordable Professional Tax Help is right here.
Hiring former IRS agents and managers with a combined 60 years of IRS experience in the local, district, and regional tax offices of the Internal Revenue Service is the fastest and quickest way to stop any IRS tax problem you have.
We understand the systems and protocols and their settlement theories to close your case off the IRS system.
To stop IRS tax levies
If the IRS is filed a bank or wage levy you will need to give IRS a current and accurate financial statement with full documentation.
You will need to fill out a complete and accurately 433F. You can find on our website.
As soon as we receive your current financial statement, we can call IRS and get your levy released usually within a 24 hour block of time. We also settle your case at the same time.
To minimize an IRS tax audit.
If the IRS has you under a current tax return under audit, first of all, you will been very unlucky.
The IRS only audits .088% of all taxpayers.
Call us today and we can have a former IRS audit manager review your case and let you know the best tax defense to minimize any risk you have a owing additional tax.
Back tax filings
If you need to file back tax returns we can prepare those returns within 72 hours and get them faxed or sent over to the Internal Revenue Service.
If you have fewer or little tax records we can use reconstructive methods taught at IRS to prepare your back tax return. Over 16 million taxpayers do not file timely annual tax returns.
If you need to settle your case with the IRS
Settling a case with the IRS is a much more complicated system than people think.
I am a former revenue officer with the Internal Revenue Service and taught IRS settlements called an offer in compromise while employed by IRS.
I know the system inside and out and know all the formulas required for the lowest settlements allowed by law.
You may contact us today and we can walk through the different tax settlement formulas and let you know the fastest, quickest in the cheapest way to settle any IRS tax case you have.
We are A+ rated by the Better Business Bureau and had been in private practice since 1982.
IRS Taxes Help * Stop Levy * Audit Rep * Settle Case * Back Filing * Affordable – Hiawassee, Clayton, Clarkesville, Cleveland, Toccoa – Tax Attorneys, Lawyers
by Fresh Start Tax | Apr 4, 2014 | Tax Help
Are Reverse Mortgages Taxable
Thank God No.
The amounts received from a reverse mortgage are not taxable.
Why ? A reverse mortgage is a loan.
The lender is paying you (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while you continue to live in your home.
With a reverse mortgage, you retain title to your home.
Depending on the plan, your reverse mortgage becomes due with interest when you move, sell your home, reach the end of a pre-selected loan period, or die.
Because reverse mortgages are considered loan advances and not income, the amount you receive is not taxable.
Any interest (including original issue discount) accrued on a reverse mortgage is not deductible until you actually pay it, which is usually when you pay off the loan in full.
Your deduction may be limited because a reverse mortgage loan generally is subject to the limit on Home Equity Debt discussed in Part II of Publication 936, Home Mortgage Interest Deduction.
Are Reverse Mortgages Taxable, Answer Here from Fresh Start Tax LLC
