by Fresh Start Tax | Jul 15, 2013 | Christian IRS Tax Relief
We are a Christian Tax Firm composed of Christian tax professionals .<>< 1-866-700- 1040, Since 1982
We are a full service tax from an accounting firm.
You will have your tax return and or State tax returns prepared by IRS experts and we will assure that you pay the lowest amount of tax allowed by law.
Being former IRS agents we taught tax law. We know how to save you money.
We have a nationwide tax practice and we are one of the oldest and most experienced professional Christian tax firms in the country. We have clients in all 50 states.
We have over 60 years of combined work experience at the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
While at IRS, we taught tax law and we have on staff former IRS audit managers, revenue agents, and former IRS appellate agents.
As a firm we have over 206 years of combined work experience, accounting experience and tax preparation experience.
We are A+ rated by the Better Business Bureau and are without complaint.
How do you discern Christian godly counsel?
Psalm 37:30
The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2
Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9
The heartfelt counsel of a friend is as sweet as perfume and incense.
Pick a Reputable Christian Tax Company/Firm
Picking a reputable company for preparation of your tax return is a very important decision that you will make.
It is not just about the tax return.
It is about obtaining solid tax advise, tax planning and financial solutions for the future.
The goal of Fresh Start Tax is to help our clients in meeting their tax and financial objectives.
We offer a full range of accounting, tax and financial services designed to meet the personal or business needs that you have.
Our preparation, accounting and auditing teams are highly trained and experienced, hands-on problem solvers who hold themselves to an extraordinarily high level of performance and accountability.
You can trust them to have the understanding and the resources to do what’s best for your business.
We can expertly guide you through the accounting and auditing process, as well as keep you informed of all industry changes regarding corporate governance, audit and accounting issues, and financial reporting that may affect your personal or business situations.
Our teams utilize the latest accounting practices and audit methodologies to help you manage risk, stay compliant, and improve overall business performance.
We serve a diverse set of clients who make our work both interesting and challenging. We have the technical knowledge and practical know-how to assist our clients in meeting their financial objectives.
Our services include but not limited too:
- Preparation, review, and audit of financial statements
- Tax planning and tax return preparation
- Representing taxpayers in tax audits and appeals
- Business management services•Payroll services
- Estate planning and administration
- Litigation support services
- Information technology consulting
Information and goals of Fresh Start Tax LLC, a Christian Tax Firm
Fresh Start Tax LLC is structured to handle the diverse needs of our clients.
Clients of our management services division receive our assistance on a daily basis.
Business Clients
Fresh Start Tax LLC provide business clients with monthly and quarterly financial statements and annual audits, compilations, and reviews.
Although many of our clients need our services only once a year, they know that we are always available to answer their business and financial questions.
For many clients we serve as an extension of their office or as surrogate partner. Businesses often need additional back office capacity for brief periods and find it more economical to use our services than to hire and train temporary personnel.
Entrepreneurs often need someone who understands their business to give candid advice. We provide all of these services with the same dedication that we bring to our own business.
Some of Our Christian Income and Business Tax Services:
- All Tax Services
- Accounting
- Tax Planning
- Bookkeeping
- IRS Problem Resolution
- Financial Planning
- Estate and Trust Fund Planning
- Incorporation
- New Business Advisor
- Payroll
- Compilation of Financial Statements
- Income Tax Preparation Service
- Tax Preparation Help
- Federal Income Tax Return
- 1040 Tax Return
- State Tax Returns
Christian Tax Preparation, Tax Services, Income, Business Tax Preparers
by Fresh Start Tax | Jul 15, 2013 | Tax Help
If you are in the Armed Forces and have a IRS tax problem and need affordable professional help call us today for free tax consultation.
Special Tax Benefits for Armed Forces Personnel
If you’re a member of the U.S. Armed Forces, the IRS wants you to know about the many tax benefits that may apply to you.
Some special tax rules apply to military members on active duty, including those serving in combat zones.
These tax rules can help lower your federal taxes and make it easier to file your tax return.
Here are ten of those benefits:
1. Deadline Extensions. Qualifying military members, including those who serve in a combat zone, can postpone some tax deadlines.
This includes automatic extensions of time to file tax returns and pay taxes.
2. Combat Pay Exclusion. If you serve in a combat zone, you can exclude certain combat pay from your income.
You won’t need to show the exclusion on your tax return because qualified pay isn’t included in the wages reported on your Form W-2, Wage and Tax Statement. Some service outside a combat zone also qualifies for this exclusion.
3. Earned Income Tax Credit. You can choose to include nontaxable combat pay as earned income to figure your EITC.
You would make this choice if it increases your credit. Even if you do, the combat pay remains nontaxable.
4. Moving Expense Deduction. If you move due to a permanent change of station, you may be able to deduct some of your reimbursement moving costs.
5. Uniform Deduction. You can deduct the costs and upkeep of certain uniforms that regulations prohibit you from wearing while off duty.
You must reduce your expenses by any reimbursement you receive for these costs.
6. Signing Joint Returns. Both spouses normally must sign joint income tax returns. However, when one spouse is unavailable due to certain military duty or conditions, the other may, in some cases sign for both spouses, or will need a power of attorney to file a joint return.
7. Reservists’ Travel Deduction. If you’re a member of the U.S. Armed Forces Reserves, you may deduct certain travel expenses on your tax return.
You can deduct unreimbursed expenses for traveling more than 100 miles away from home to perform your reserve duties.
8. Nontaxable ROTC Allowances. Educational and subsistence allowances paid to ROTC students participating in advanced training are not taxable.
However, active duty pay – such as pay received during summer advanced camp – is taxable.
9. Civilian Life. After leaving the military, you may be able to deduct certain job hunting expenses. Expenses may include travel, resume preparation fees and job placement agency fees.
Moving expenses may also be deductible.
10. Tax Help. Most military bases offer free tax preparation and filing assistance during the tax filing season. Some also offer free tax help after April 15.
IRS Tax Help – Armed Forces – Former IRS Agents
by Fresh Start Tax | Jul 11, 2013 | Offer in Compromise
If you want to seek IRS debt forgiveness for back taxes you will need to consider the IRS tax debt settlement program called the offer in compromise.
The offer in compromise is the only IRS debt forgiveness program that allows you to settle your tax debt for pennies on a dollar.
38% of all offers in compromise are accepted by the Internal Revenue Service but it should be noted that 80% of those accepted are submitted by a professional tax firm that has experienced tax professionals preparing the IRS debt forgiveness forms called the offer in compromise.
My Recommendation as a Former IRS Settlement Agent
I would highly instruct all taxpayers wishing for this IRS debt forgiveness to seek professional tax help not because I am in the business but because I am the former IRS settlement officer and know the entire offer in compromise program since I was a teaching instructor with the Internal Revenue Service.
What taxpayers do not understand these forms must be very specific, very detailed and that IRS is looking for a way not to work these cases because of all the work that is required.
It is much easier for the IRS agent to decline the IRS debt forgiveness package than to accept it.
To work in offer in compromise accepted package takes anywhere from 20 to 25 hours. Not only that, it also should be noted that three managers or supervisory signatures are required as well as IRS District Counsel and these packages go up and down the line. It will be well worth the money spent for a taxpayer to find a firm whether it’s us or somebody else that has experienced tax professionals to submit the offer, if and only if, they are a qualified candidate for the IRS debt forgiveness program called the offer in compromise
You can find the IRS debt forgiveness pre-qualifier tool on our website.
I recommend any taxpayer wishing to submit an offer in compromise to walk through this pre-qualifier tool.
What is a Offer in Compromise
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances such as :
IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible before filing for IRS Debt Forgiveness
Before the IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Submit your offer in compromise
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).
Your completed offer package will include:
- Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
- Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
- $150 application fee (non-refundable); and
- Initial payment (non-refundable) for each Form 656.
Selecting a payment option for the Offer in Compromise
Your initial payment will vary based on your offer and the payment option you choose:
Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
Periodic Payment:.
Submit your initial payment with your application.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understanding the Offer process
While your offer is being evaluated:
- Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
- A Notice of Federal Tax Lien may be filed;
- Other collection activities are suspended;
- The legal assessment and collection period is extended;
- Make all required payments associated with your offer;
- You are not required to make payments on an existing installment agreement; and
- Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Contact us today for a free tax evaluation on the IRS debt forgiveness program on back taxes called the offer in compromise.
You will speak to a true tax professional who is both affordable and experienced and will give you an honest opinion on where you stand with the IRS.
IRS Debt Forgiveness on Back Taxes, Former IRS, Affordable Debt Experts
by Fresh Start Tax | Jul 11, 2013 | Back Taxes
If you are looking for help on your back tax on IRS tax debt contact us today to find out the different tax solutions and remedies to permanently resolve yourself of the back IRS tax debt.
We are staffed with tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers, and tax instructors who worked over 60 years in the local South Florida IRS offices.
Our firm is A+ rated by the Better Business Bureau and we had been in private practice right here in South Florida since 1982. We have worked thousands of cases As agents as private practitioners. We know every possible tax solution and tax remedy to help relieve you of your IRS tax debt and get you a fresh start so you are no longer burdened by your current IRS problem.
Contact us today for free initial tax consultation and we will be able to give you a no-cost tax assessment and explained the different remedies and solutions that are available to you. We’re the fast, friendly and affordable tax firm.
Some of the new IRS Programs through the new Fresh Start Initiative. but
Need help with a Federal Tax Lien on your Back Taxes
The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien. That amount is now $10,000. However, in some cases, the IRS may still file a lien notice on amounts less than $10,000.
When a taxpayer meets certain requirements and pays off their tax debt, the IRS may now withdraw a filed Notice of Federal Tax Lien. Taxpayers must request this in writing using Form 12277, Application for Withdrawal.
Some taxpayers may qualify to have their lien notice withdrawn if they are paying their tax debt through a Direct Debit installment agreement.
If a taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume collection actions.
Need a Installment Agreement or Payment Plan on your Back Taxes
The Fresh Start program expanded access to streamlined installment agreements. Now, individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years).
While the IRS generally will not need a financial statement, they may need some financial information from the taxpayer.
Taxpayers in need of installment agreements for tax debts more than $50,000 or longer than six years still need to provide the IRS with a financial statement.
In these cases, the IRS may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.
Need to settle a Tax Debt on Back Taxes through a Offers in Compromise.
An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. Fresh Start expanded and streamlined the OIC program.
The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers.
Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time. The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.
The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay. Use the Offer in Compromise Pre-Qualifier Tool that you can find on our website to see if you qualify for IRS tax debt settlement called an offer in compromise.
These are just some of the programs that IRS has available through their fresh start initiative. Contact us today to hear other options and solutions based on your specific needs.
Remember there are no two cases the same and everyone needs to have their own individual plan developed to have success.
With over 60 years at the Internal Revenue Service we know every possible successful solution so you can move past this IRS situation in your life.
Back Taxes on IRS Debt, Affordable Former IRS Agents – Miami, Ft.Lauderdale – South Florida
by Fresh Start Tax | Jul 11, 2013 | Tax Audit
You can hire or retain Former Local IRS agents and managers who worked out of the local South Florida IRS offices for a combined 60 years.
Stop the worry and anxiety, let former IRS agents and managers handle your tax audit.
We have represented thousands of South Floridians before the Internal Revenue Service. Let our experience work for you. Contact us for a free tax evaluation.
We are the affordable and friendly tax firm.
We have worked as agents, managers, teaching instructors, appellate agents and have even taught tax law at the Internal Revenue Service. We are affordable true tax experts for help with IRS tax audits.
If you are undergoing a tax audit in Miami , Ft.Lauderdale or the Palm Beaches it only makes sense to hire former government employees who know all the solutions, all the remedies, and all the different tax audit defenses to use for undergoing an IRS or state tax audit.
Also on staff are tax attorneys, tax lawyers, certified public accountants, and former appeals agents with the Internal Revenue Service.
We have been in private practice right here in South Florida since 1982 and we are A+ rated by the Better Business Bureau.
Come by and visit us for a free initial tax consultation
IRS audits 1.1% of all personal income tax returns.
If you won the IRS audit lottery you should never go into IRS unrepresented for an IRS audit. As a former IRS agent seeking good professional tax will in the long run save you aggravation, grief, stress and keep money in your pocket in the long run.
If you have received an IRS letter or notice that you are going to undergo an IRS tax audit is in your best interest to call former IRS agents and managers who know all of the protocols, techniques and tax defenses to best defend your tax return that is undergoing an IRS tax audit.
Odds of a IRS Tax Audit
No adjusted gross income 3.42%
$1- $25,000 1.22
$25,000-$50,000 .73%
$50,000-$75,000 .83%
$75,000-$100,000 .82%
$100,000-$200,000 1%
$200,000-$500,000 2.66%
$500,000-$1,000,000 5.32%
1,000,000-$5,000,000 5.38%
$5,000,000-$10,000,000 20.75%
over $10,000,000
Some of the Reasons why IRS selected your tax return for an IRS audit
1. High income.Number one reason!
If your income is $200,000.00 and over; the audit rate will be one-in-twenty seven of being audited. If your income is $1,000,000.00 or more, the audit rate will be one-in-eight of being audited. This is just a fact of life.
2. Failing to report all of your taxable income.
The IRS receives copies of all 1099′s, W-2′s, W-2G’s and K-1′s that you receive. If the income from the 1099′s, W-2′s, W2G’s and K-1′s are not shown on the tax return, the tax return will be audited.
3. Deducting the home office deduction.
The space used in your home must be used “exclusively and regularly” as your principal place of business. “Exclusive use” means that a specific area of the home is used only for trade or business. If you can prove the home office deduction, then take it. If you can’t prove it, don’t take it.
4. Deducting large charitable contributions.
If your charitable deductions are large compared with your income, the return will be audited. The IRS is aware of what the average charitable donation is for a given income level. If you have donated and deducted a conservation easement to a charity, chances are good that you will be audited.
5. Deducting rental losses.
Normally, the passive loss rules prevent rental losses from being deducted. There are two exceptions, if you actively participate in the renting of your property, you can deduct up to $25,000.00 of the loss against your other income; but this $25,000.00 limitation phases out as adjusted gross income exceeds $100,000.00.
The second exception applies to real estate professionals who spend more that 50% of their working hours and 750 or more hours each year materially participating in reals as a developer, broker, landlord or the like. The IRS will be requesting that you prove the required hours, especially if are a full time employee.
6. Deducting business meals, travel and entertainment.
The IRS has specific record keeping requirements for these type of deductions. The IRS is aware that many taxpayers overstate these type of deductions.
7. Deducting losses from a hobby activity.
If you treat your favorite hobby as a business on your tax return with a net loss, you have a good chance of being audited. If you are audited, you will need to prove that your activity is a profit making activity and not a costly hobby.
So make sure that you run your activity in a businesslike manner and can substantiate your expenses with supporting documents.
8. Running a cash business.
If you are in a cash-intensive business, like taxis, car washes, bars , hair salons, restaurants, you will be audited. The IRS is aware that individuals who primarily receive cash, don’t report all of their taxable income. The IRS has various audit techniques to determine unreported cash income.
9. Failing to report a foreign bank account.
If you fail to report a foreign bank, you will be assessed large penalties. If you have any signature authority over a foreign bank account, you will need to consult with a tax professional to determine the correct reporting requirements for that account.
10. Engaging in currency transactions.
If you are engaged in cash transactions in excess of $10,000.00, the IRS will receive reports of these transactions from the financial institutions. Further, if you engage in suspicious cash activities, the IRS will receive a “suspicious-activity report” from the various financial institutions.
These transactions usually indicate that the the taxpayer is trying to hide income from the IRS. Try to avoid these type of transactions.
Help for a IRS Tax Audit, Former IRS Agents – Miami, Ft.Lauderdale, Palm Beaches – Affordable
