by Fresh Start Tax | Apr 19, 2013 | Income Tax Preparation
Amending Tax Returns – Filing Amended Tax Returns, Former Agents 1-866-700-1040
Filing an Amended Tax Return
What should you do if you already filed your federal tax return and then discover a mistake?
Don’t worry.
Here is what to do. Should you have any questions feel free to contact us today to get help for amending your back tax returns.
1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to file an amended tax return. An amended return cannot be e-filed. You must file it on paper.
2. You should consider filing an amended tax return if there is a change in your filing status, income, deductions or credits.
3. You normally do not need to file an amended return to correct math errors. The IRS will automatically make those changes for you. Also, do not file an amended return because you forgot to attach tax forms, such as W-2s or schedules.
The IRS normally will send a request asking for those.
4.Very Important Note ; Generally, you must file Form 1040X within three years from the date you filed your original tax return or within two years of the date you paid the tax, whichever is later.
Be sure to enter the year of the return you are amending at the top of Form 1040X.
5. If you are amending more than one tax return, prepare a 1040X for each return and mail them to the IRS in separate envelopes.
You will find the appropriate IRS address to mail your return to in the Form 1040X instructions.
6. If your changes involve the need for another schedule or form, you must attach that schedule or form to the amended return.
7. If you are filing an amended tax return to claim an additional refund, wait until you have received your original tax refund before filing Form 1040X.
Amended returns take up to 12 weeks to process. You may cash your original refund check while waiting for the additional refund.
8. If you owe additional taxes with Form 1040X, file it and pay the tax as soon as possible to minimize interest and penalties.
Should you have any questions feel free to contact us today about amending your back income tax returns.
by Fresh Start Tax | Apr 19, 2013 | Owe Payroll Taxes
Past Due Payroll Tax Returns – Help & Settlement,Payroll Tax Settlements 1-866-700-1040
IRS you have past due payroll tax returns and need tax representation for payroll tax settlements is in your best interest to call former IRS agents and managers who have over 60 years of direct work experience and knowledge of the Internal Revenue Service.
We have worked in the local, district, and regional tax offices of the Internal Revenue Service and we have also taught tax law to new IRS agents.
We know the system, we know the format, and we know the tax settlement procedures so you can end and this nightmare today.
As former IRS agents we have worked thousands of cases including past due payroll tax returns and settlements.
There are some very important tax information you need to know if you owe past-due payroll taxes.
If you do not file your past due payroll tax returns IRS will file your tax return for you and this spells trouble
The IRS can prepare past due tax returns and assess taxes under the authority of IRC Section 6020(b); and they are taking advantage of this rule more than ever before.
For instance, in Fiscal Year 2012, $2.04 billion in 6020(b) assessments were levied. not only can the IRS file your past due payroll tax returns if you do not follow up on bills and notices that are sent to you the IRS can send out bank levies and third-party letters to any of your customers that all you money.
You need to avoid this embarrassing situation.
The Tax Law
IRC 6020(b)
IRC 6020(b) provides a way to prepare returns and secure assessments from non-filing taxpayers who:
1. Have an open filing requirement
2. Do not file a return as required
What is Business Returns IRC 6020(b) Processing?
Internal Revenue Code 6020(b) is the authority given to the Commissioner of the Internal Revenue Service to prepare and process returns for non-filing business taxpayers.
Delegation Order No. 182 (Rev. 7), extends 6020(b) authority to Internal Revenue Agents; Tax Auditors; Revenue Officers, GS-9 and above; Collection Support Function Managers, GS-9 and above; Automated Collection Branch Unit Managers, GS-11 and above; Customer Service Collection Branch Managers, GS-10 and above; and Tax Resolution Representatives, GS-9 and above.
Why this spells trouble for the business owner
When you do not prepare your past due payroll tax returns as stated above the IRS will prepare those past due payroll tax returns for you.
When IRS prepares your payroll tax return IRS will make sure that they take the highest average of all the years or periods and formally make a tax assessment against your business for the highest possible tax dollar along with penalties and interest.
IRS has the right to do this simply because the taxpayer has not filed their past-due payroll tax returns.
As a former IRS agent I can tell you have many tax options available to you to get penalties abated, settled and work out a payment plan.
If the IRS filed those tax returns you have the option of filing amended tax returns and reducing the payroll tax debt that the IRS is set up.
IRS tax settlements are in the form of an IRS offer in compromise/tax debt settlement.
Since every case is different and is unique, you should call us today so we can give you a free tax consultation and go over all your options on how to your settle your past due payroll tax returns.
Other Options
Another option beside the offer in compromise or the tax debt settlement program is the abatement of penalties and interest that may apply to past due payroll taxes. Sometimes IRS will not settle the case for various reasons.
For more details simply check our site regarding the abatement of penalties and interest. We have quite an extensive website regarding abatement’s of IRS penalties and interest.
Another option you may have is to start making payments on your back payroll taxes.
If you planning to stay in business and continue to operate the IRS is going to make sure that you are current and up-to-date on all your current tax deposits.
IRS will require a business financial statement which is IRS form 433-B.
They will carefully review that with you and work out a monthly payment arrangement.
I caution all taxpayers about giving IRS financial statements. Giving IRS a correct and accurate financial statement should be the work of a tax professional who can review it for accuracy and get you the monthly payment agreement that you need.
Call us today and speak directly to a tax attorney, certified public accountant, or former IRS agent and manager who knows the exact system on how to go ahead and deal with past-due payroll tax returns.
We can provide you the help you need, beer tax representative and work out a payroll tax settlement or provide you with immediate tax relief.
Past Due Payroll Tax Returns – Help, Representation Payroll Tax Settlements
by Fresh Start Tax | Apr 19, 2013 | Income Tax Preparation
Filing Past Due Back Tax Returns with Former Agents – File & Settle all at Once 1-866-700-1040
You are not alone.
25 million taxpayers have not filed past due back tax returns with the Internal Revenue Service.
This is a much simpler process than taxpayers think and we can make that process seamless for you and get your life back in order and work out a tax settlement with the Internal Revenue Service so your worries go away.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors who have over 60 years of direct working knowledge and experience at the Internal Revenue Service.
We also taught tax law at the IRS regional service centers.We have filed thousands of past due back tax returns.
We are tax experts in filing past due tax returns and settling your tax bill all at the same time.
The Process of Filing Past Due Tax Returns
There is a very specific process in Filing Past Due Back Tax Returns and also making sure the IRS does not file your back tax returns.
It also should be known that if you do not file your tax returns the IRS can file your back tax returns for you under 6020 of the Internal Revenue Code.
You want to make sure this does not happen to you if you do not file your tax returns at some point in time IRS is going to file for you.
IRS will make sure that you pay the highest amount allowed by law.
The Internal Revenue Service will only allow you the standard deductions and give you no credit for absolutely no other deductions or expenses. IRS will then assess the tax liability against the taxpayer and will proceed to enforce the tax laws by sending out in IRS bank levy or IRS wage garnishment and possibly filing the dreaded federal tax lien.
IRS Code Section Allowing them to file Past Due Tax Returns – 6020
(a) Preparation of back due tax returns by Secretary
If any person shall fail to make a return required by this title or by regulations prescribed thereunder, but shall consent to disclose all information necessary for the preparation thereof, then, and in that case, the Secretary may prepare such return, which, being signed by such person, may be received by the Secretary as the return of such person.
(b) Execution of return by Secretary
(1) Authority of Secretary to execute return
If any person fails to make any return required by any internal revenue law or regulation made thereunder at the time prescribed therefor, or makes, willfully or otherwise, a false or fraudulent return, the Secretary shall make such return from his own knowledge and from such information as he can obtain through testimony or otherwise.
(2) Status of returns
Any return so made and subscribed by the Secretary shall be prima facie good and sufficient for all legal purposes.
The process of filing past due back tax returns.
If you have your tax records the process is much simpler, we can simply prepare your back tax returns and work out a tax settlement with the IRS. We will file the last 3 to 6 years depending on your case and go over your tax settlement options with you.
If you have little or no records to file Past Due Back Tax Returns
We as your power of attorney will contact the Internal Revenue Service and have them provide us with all of the income information they have received over the past seven years. IRS keeps the log of anyone who issued you 1099, and/or W-2 reporting income. The Internal Revenue Service will send us those logs and we will have a basis to prepare your individual or business income tax returns.
From there we will find out what deductions or expenses you have and carefully review your tax return to make sure you are paying the lowest amount allowed by law and submit those past-due back tax returns to the Internal Revenue Service.
If you should owe tax as a result of filing past-due back tax returns Tax Settlements.
If you will all money as a result of filing past due back tax returns we will submit a current financial statement to the Internal Revenue Service along with all documentation proving the accuracy of your financial statement.
On each and every case where a taxpayer owes money on back taxes or back tax debt the IRS will require a form 433-F be submitted to them to work out a tax settlement called an offer in compromise.
The offer in compromise program or the IRS tax debt settlement program has very specific criteria on how to go ahead and be approved by the IRS to reduce your tax debt and pay pennies on a dollar.
Since every case is different and every taxpayer’s financial statement is different it is best to contact us today for free tax consultation so we can go over the different tax settlement programs the IRS has in place to go ahead and permanently in immediately resolve your IRS tax situation.
The new IRS program to settle back taxes is called the fresh start initiative or the fresh start program.
You can learn more about that by reading on our site or contacting us directly on how to best settle your tax debt.
Contact us today and speak directly or tax attorney, certified public accountant, or former IRS agent, manager tax instructor who can give you the best advice possible on how to file past due tax returns and settle your debt once and for all.
Under the current Fresh Start initiative the IRS has incorporated its Streamlined Offer in Compromise process into the overall investigation of offers and has added flexibility to the financial analysis used in evaluating offers.
The Streamlined Offer in Compromise process includes:
a. Fewer requests for additional financial information
b. If necessary, requests for additional information by phone, not by mail
c. Greater flexibility when considering your ability to pay
The changes to financial analysis add more flexibility to the OIC process including:
1. Greater flexibility in determining the equity in assets
2. Greater flexibility in determining the allowable living expenses
3. Reducing the amount of future income included in the offer
4. Decreased time frame to complete the OIC payment process to two years
Let us take the pain out of your life call us today to file past back do tax returns and settle your case.
Filing Past Due Back Tax Returns with Former Agents – File & Settle all at Once
by Fresh Start Tax | Apr 19, 2013 | Tax Help
File all Back Tax Returns at the Same Time – Former IRS Agents/Managers 1-866-700-1040
Being a former IRS agent of over 10 years and having been an IRS instructor, I am asked this question repeatedly, ” If I have not filed for many back tax years should I file all my returns at one time.”
The answer is a resounding yes!
You will save yourself a lot of time, a lot of money and a lot of aggravation. You will get this monkey off your back quickly and affordable.
IRS knows that you have not filed your back tax returns.
IRS knows that you have not filed your back tax returns.
Why, because their CADE2 computer is completely aware of your filing status or lack of filing status.
The IRS has simply not had the time to run you down.
There are approximately 25,000,000 people that have unfiled tax returns and they are known to IRS as people within the tax gap. At some point in time the IRS will catch up with you, but have been lucky up to this point to escape the grasp of the IRS and that’s simply because of a lack of manpower.
You will find the Internal Revenue Service in the future will be much more aggressive in running people down.
So it is best you find the IRS before they find you.
So you will do yourself a favor by filing all your back tax returns at the same time and settling your case.
The Internal Revenue Service likes to work the cases all at one time and it does not like dragging out your case over a period of time.
It is far better for the client or the taxpayer to file all the tax returns and put in a settlement offer to get this nightmare out of their lives and to completely be restored into financial health and freedom.
There is a lot less fear and worry involved than taxpayers think.
As a general rule IRS will never prosecute taxpayers criminally if they file their tax returns before an IRS contact. Believe it or not IRS is just happy you’re back in the system. I can also tell you that we have never had a client prosecuted when we have filed all back tax returns.
Many taxpayers who do not file back tax returns have little, or few tax records.
Believe it or not that is no problem.
Back Tax Returns Reconstruction, no problem for us or you
We have reconstructed thousands of tax returns in our lifetime and can reconstruct your tax return and little time.
To do this we try to obtain bank statements for each of the years. If bank statements are not available we will pull the income reports from the Internal Revenue Service on all parties that reported your income through various sources directly to the IRS.
The IRS keeps those on their computer systems for seven years and this makes it easy to prepare and file Back Tax Returns.
Another technique is to find out how much it costs you to live for one month and multiply that by 12 to come up with a reconstructed average of what your income was for a given year.
Generally if we know what your rent was for the years in question, the income is easily ascertained.
There are other techniques and sources to use to obtain your income information so do not let that prevent you from filing all your back tax returns.
So lose the fear and worry about filing all your back returns at the same time.
Call us today for a no cost tax consultation and find out how simple this process really is.
We are comprised of tax attorneys, certified public accountants, and former IRS agents and managers. We have over 60 years of direct working in experiencing knowledge at the Internal Revenue Service and over 206 years professional tax experience.
Call us today so we can put your mind at ease work out a tax settlement with the Internal Revenue Service and get your life restored and back in order. The process is so simple.
The IRS Debt Settlement Procedure
Now that you have filed all Back Tax Returns you can apply for a tax settlement called an offer in compromise.
Offers in Compromise
The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate. In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.
Offers in compromise are subject to acceptance based on legal requirements. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
On the Fresh Start Tax LLC tax team is former IRS agent that taught the IRS tax debt settlement program. We will review your case for free and let you know whether you are tax settlement candidate.
Do not pay any money to any tax firm for an offer in compromise or tax debt settlement until you know you are qualified candidate.
You can find the pre-qualifier tools for the offer in compromise on our website under IRS Forms on the home page.
File all Back Tax Returns at the Same Time – Former IRS Agents/Managers
by Fresh Start Tax | Apr 19, 2013 | Tax Levy and Wage Garnishments
Help with IRS Wage Levy Garnishments – Former IRS Agents – STOP Wage Levy Experts 1-866-700-1040
If you need help with an IRS wage levy garnishment call us today and let former IRS agents and managers who are experts in wage Levy garnishments get the release to you as soon as possible and settle your case at the same time.
We are comprised of former IRS agents, managers and tax instructors with over 60 years of direct working experience at the Internal Revenue Service.
We worked in the local, district, and regional tax offices of the Internal Revenue Service while at the IRS we taught tax law and are completely aware of the IRS wage levy garnishment system.
With that said, a simple phone call to fresh start tax today can start the process to get your IRS wage levy garnishment released by your next paycheck.
Help with the IRS wage levy – The process
To get your wage levy released the process is a very simple one.
After we secure a power of attorney we contact the Internal Revenue Service. We obtain from you a current financial statement which is IRS form 433-F.
You can find that form on our website on the homepage under IRS forms.
We will have you fill that form out along with securing all current pay stubs, bank statements for the past 3 to 6 months, and all expenses that you will show on your financial statement and submit them to the Internal Revenue Service.
Once the Internal Revenue Service reviews your 433-F we will agree with a closing method that is suitable to you based on your financial needs.
As a general rule IRS will close your case and release your levy once we agree to one of the following: (as soon as you get us the information we can get your IRS Wage Levy Garnishment Release
Options:
1. We will agree with IRS that at this current time you do not have the financial ability to pay the IRS any money and they will place you in a non-collectible file. You’ll stay noncollectable status off the IRS enforcement computer until you have sufficient income to start making payments on the debt.
2. IRS could review your financial statement and say you do have sufficient income and ask you to start making a monthly installment or payment arrangement.
3. The Internal Revenue Service can evaluate your financial statement and tell you that you are soon suitable for an offer in compromise which is a tax debt settlement with the IRS.
You should also be aware that there is a new fresh start program or fresh start initiative started by the Internal Revenue Service to help clients settle their debt with the IRS.
Before the IRS can levy these three requirements must be met:
The IRS assessed the tax and sent you a Notice and Demand for Payment, you neglected or refused to pay the tax and you were sent a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
How the IRS had to give you you notice
IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
The IRS can also levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
If the IRS finds that you are hardship and suspends your current case
A levy release does not mean you are exempt from paying the balance.
The IRS will work with you to establish payment plans or take other steps to help you pay off the balance.
If you do not get your levy release you have options
You may ask an IRS manager to review your case, or you may request a Collection Due Process hearing with the Office of Appeals by filing a request for a Collection Due Process hearing with the IRS office listed on your notice.
You must file your request within 30 days of the date on your notice.
Some of the issues you may discuss include:
a. You paid all you owed before we sent the levy notice,
b.We assessed the tax and sent the levy notice when you were in bankruptcy, and subject to the automatic stay during bankruptcy,
c. We made a procedural error in an assessment,
d. The time to collect the tax (called the statute of limitations) expired before we sent the levy notice,
e. You did not have an opportunity to dispute the assessed liability,
f. You wish to discuss the collection options, or
g.You wish to make a spousal defense.
At the conclusion of your hearing, the Office of Appeals will issue a determination. You will have 30 days after the determination date to bring a suit to contest the determination. This should not be considered without professional help.
f your property is levied or seized, contact the employee who took the action.
You also may ask the manager to review your case.
If the matter is still unresolved, the manager can explain your rights to appeal to the Office of Appeals.
Help with IRS Wage Levy Garnishments – Former IRS Agents – Wage Levy Experts
