by Fresh Start Tax | Mar 8, 2013 | Income Tax Preparation
Tax Return Preparation by Former IRS Agents – Pompano, Deerfield Beach, Boca Raton – Tax Return Services 954-492-0088
Who better to prepare your tax return than former IRS agents, managers, and tax instructors.
With over 60 years of working directly for the Internal Revenue Service in the local South Florida IRS offices we can assure that you will pay the lowest amount of tax allowed by law.
As a result over 60 years at the Internal Revenue Service we know all the tax codes, tax and every possible tax deductions allowed by law. For some reason if your return is audited we can completely defend any issue you may have with the Internal Revenue Service.
We are a full service tax firm and have been practicing right here in South Florida since 1982. We are A+ rated by the Better Business Bureau.
Come by and visit us today. Part of the goal fresh start tax is to build long-term relationships with all our clients. If you have not filed for several years we can go ahead and prepare all your back tax returns and do a complete tax reconstruction if needed so you never have to worry about dealing with the Internal Revenue Service.
We have prepared thousands of return since 1982 and we are pleased to tell you we have an A+ rating by the Better Business Bureau. Call us today if you have any questions or you can Skype at freshstarttax.
Tax Tips from Fresh Start Tax LLC Barter
Here are four facts about bartering:
1. Barter exchanges.
A barter exchange is an organized marketplace where members barter products or services. Some exchanges operate out of an office and others over the internet. All barter exchanges are required to issue Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, annually. The exchange must give a copy of the form to its members and file a copy with the IRS.
2. Bartering income.
Barter and trade dollars are the same as real dollars for tax reporting purposes. If you barter, you must report on your tax return the fair market value of the products or services you received.
3. Tax implications.
Bartering is taxable in the year it occurs. The tax rules may vary based on the type of bartering that takes place. Barterers may owe income taxes, self-employment taxes, employment taxes or excise taxes on their bartering income.
4. Reporting rules.
How you report bartering varies depending on which form of bartering takes place. Generally, if you are in a trade or business you report bartering income on Form 1040, Schedule C, Profit or Loss from Business. You may be able to deduct certain costs you incurred to perform the bartering.
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 if Tax Records are lost or destroyed
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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
by Fresh Start Tax | Mar 8, 2013 | Offer in Compromise
Offer in Compromise, IRS Settlement REJECTED – Call Former IRS Agents, Offer Specialist 1-866-700-1040
Has your offer in compromise or IRS Tax Debt Settlement been rejected by the Internal Revenue Service?
Do not be dismayed because it happens much more than you think.
Last year 58,000 offers in compromise were submitted by the Internal Revenue Service and IRS accepted a total of 18,000 offers.
Most of the offers that were rejected were completed by taxpayers and not professional firms. The very best chance you have of getting your offer in compromise accepted is filing it through former IRS agents or those that have extensive offer compromise experience. There are many good professional firms that exist for the purpose of filing your offer in compromise.
Make sure you check out tax firms BBB ratings and complaint history.
I am a former IRS agent who worked the offer in compromise program and I was also a teaching instructor that taught the offer program to new IRS agents.
I am a tax expert in the offer in compromise.
The offer in compromise even though it looks simple on the outside is a very complex procedure within the ranks of Internal Revenue Service.
Each offer in compromise if accepted is open for public inspection at local district and regional IRS offices. IRS must keep accepted offers in compromise on file for one year for full public inspection.
Because of this, the IRS is painstakingly looks over, reviews and manages offers far beyond what the public may think. The offer in compromise not only must get the agent approval, it must get approval from the Agents the direct manager , it must get approval from the area director, then it goes to IRS District Counsel for final review and approval to make sure it meets all criteria and legal qualifications for settlement.
Most people have their offer rejected simply because they’re unfamiliar with the detailed process of acceptance. The revenue officer working the offer will spend between 20 and 30 hours working the case alone.
If you have a settlement denial or rejection call us today and we will review the denial or rejection for no charge and see if there are ways or avenues to refile the offer in compromise to get this IRS debt off your back.
IRS must give you a written explanation of why your offer was rejected
IRS must give you a written explanation if your offer is not accepted.
The IRS usually rejects offers in compromise for one of two reasons:
1. The offer is too low,
2. The IRS felt like they could collect more money over the life or period of the statute.
If the offer in compromise was too low, the IRS letter will state what amount is acceptable to accept. IRS will generally send you the report of all the figures and reason for the rejection. Once you find out the issues the IRS is having, you can have the opportunity to correct the facts or figures that you feel the IRS applied incorrectly. If you can fix the problem at this level, this is one of the best opportunities to resolve the problem.
Remember if you are unsuccessful at this level you can always file another offer in compromise at a later time.
You can always resubmit your offer in compromise.
If the IRS for any reason rejected your offer in compromise or your IRS settlement, you have the opportunity to resubmit your offer in compromise. You could resubmit your offer in compromise as many times as you wish. Having the detailed information from the past failure or rejection will give you an opportunity to change and correct your previous position to reflect a more acceptable offer in compromise.
My guess is that 50% of all offers in compromise that are resubmitted to Internal Revenue Service have a much higher acceptance rate simply because the taxpayers or their representatives know exactly how to approach the Internal Revenue Service. So learn from the mistakes of your first offer in compromise
So don’t be dismayed if your first offer in compromise fails you have as many chances as you wish to resubmit your offer in compromise.
Your Legal Appeal rights
Section 7123 requires the Internal Revenue Service to prescribe procedures by which a taxpayer or the Office of Appeals may request non-binding mediation on any issue unresolved at the conclusion of Appeals procedures, or unsuccessful attempts to enter into a closing agreement under section 7121 or a compromise under section 7122. Section 7123 also requires the Internal Revenue Service to establish a pilot program by which a taxpayer and the Office of Appeals may jointly request binding arbitration for any issue unresolved under the same circumstances.
This announcement modifies Revenue Procedure 2009-44, 2009-40 I.R.B. 462, Announcement 2008-111, 2008-48 I.R.B. 1224, and Revenue Procedure 2006-44, 2006-2 C.B. 800, by extending the two-year test of the mediation and arbitration procedures for Offer in Compromise (OIC) and Trust Fund Recovery Penalty (TFRP) cases that are under the jurisdiction of the Office of Appeals until December 31, 2012.
Once Again
I cannot tell you how important it is to use truly trained tax professionals who have submitted volumes of offers and compromises because they know the exact system in the exact process to get your offer in compromise through.
Call us for your free tax consultation today and we will review your offer in compromise which will give you the very best chance of acceptance.
Due to the volumes of offers we have worked and submitted with the Internal Revenue Service we can ensure that your IRS offer in compromise or tax that settlement will be the lowest amount allowed by IRS by law.
Offer in Compromise, IRS Settlement REJECTED – Call Former IRS Agents, Offer Specialist
by Fresh Start Tax | Mar 8, 2013 | Tax Help
Income, Business Tax Returns, Audit Proof Tax Returns with Former IRS Agents 954-492-0088
We are A+ rated by the Better Business Bureau and have been serving South Florida since 1982.
There is a very simple way to help audit proof your tax return from the Internal Revenue Service, do not put yourself in a position to have your tax return audited. Also have former IRS agents, managers and tax instructors prepare your tax return and give you the tax advice you need so you never have to worry about the IRS auditing the past three years of income or business tax return.
We are comprised of CPAs, enrolled agents and former IRS agents who were both teaching instructors and former audit managers at the local IRS offices.
We have over 60 years of direct work experience in the local South Florida IRS office. We also caught tax law.
We can assure that you will pay the lowest amount allowed by law and we are here to assist on any of your financial planning or tax services need with our professional staff. Also on staff are tax attorneys and tax lawyers for any income or business tax returns that need more complex planning
Tax tips from Fresh Start Tax LLC for your Income or Business Tax Returns
Medical or Dental expenses.
If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance.
1. You must itemize.
You can only claim medical and dental expenses for costs not covered by insurance if you itemize deductions on your tax return. You cannot claim medical and dental expenses if you take the standard deduction.
2. Deduction is limited.
You can deduct medical and dental expenses that are more than 7.5 percent of your adjusted gross income.
3. Expenses paid in 2012.
You can include medical and dental costs that you paid in 2012, even if you received the services in a previous year. Keep good records to show the amount that you paid.
4. Qualifying expenses.
You may include most medical or dental costs that you paid for yourself, your spouse and your dependents. Some exceptions and special rules apply. Visit IRS.gov for more details.
5. Costs to include.
You can normally claim the costs of diagnosing, treating, easing or preventing disease. The costs of prescription drugs and insulin qualify. The cost of medical, dental and some long-term care insurance also qualify.
6. Travel is included.
You may be able to claim the cost of travel to obtain medical care. That includes the cost of public transportation or an ambulance as well as tolls and parking fees.
If you use your car for medical travel, you can deduct the actual costs, including gas and oil. Instead of deducting the actual costs, you can deduct the standard mileage rate for medical travel, which is 23 cents per mile for 2012.
7. No double benefit.
Funds from Health Savings Accounts or Flexible Spending Arrangements used to pay for medical or dental costs are usually tax-free. Therefore, you cannot deduct expenses paid with funds from those plans.
Income, Business Tax Returns, Audit Proof Tax Returns with Former IRS Agents
by Fresh Start Tax | Mar 8, 2013 | Tax Help
Tax Attorney, Tax Lawyer, IRS Levy, Tax Audit, Tax Help – Former IRS Agents – Ft. Lauderdale, Miami, Palm Beaches 954-492-0088
We are anything IRS related.
Since 1982 we have practiced right here in South Florida.
We are comprised of tax attorneys, tax lawyers, CPAs and former IRS agents.
We have over 60 years of directly working for the Internal Revenue Service in the local South Florida IRS offices.
We have held positions as agents, managers, teaching instructors and former IRS appeals agents. With our combined 60 years of direct experience right here in South Florida we’ve worked thousands of taxpayer cases.
Since 1982 we have been representing South Floridians with any of their IRS needs, IRS problems, and IRS matters.
We can help release any IRS tax levies, tax liens and work out any tax settlements that you may have with the IRS. If you are undergoing an IRS tax audit we have former IRS audit managers, revenue agents and appeals agents to go ahead and deal with any matter or complications as a result of an IRS tax audit.
Should you wind up owing money to the Internal Revenue Service we can negotiate a tax settlement for you.
Call us today for a free tax consultation and you will speak directly to a tax attorney, tax lawyer, former IRS agent.
We are very affordable and we are A+ rated by the Better Business Bureau.
When you call we will go over the new IRS program called the Fresh Start Initiative. IRS is now dealing with taxpayers and have IRS matters in a way that persons can go ahead and deal with their tax issue in a more user-friendly way.
New IRS Fresh Start Initiative
The Internal Revenue Service has expanded its “Fresh Start” initiative to help struggling taxpayers who owe taxes.
The following four tips explain the expanded relief for taxpayers.
Penalty Relief Part.
This initiative relieves some unemployed taxpayers from failure-to-pay penalties. Penalties are one of the biggest factors a financially distressed taxpayer faces on a tax bill.
The Fresh Start Penalty Relief Initiative gives eligible taxpayers a six-month extension to fully pay 2011 taxes. Interest still applies on the 2011 taxes from April 17, 2012 until the tax is paid, but you won’t face failure-to-pay penalties if you pay your tax, interest and any other penalties in full by Oct. 15, 2012.
The penalty relief is available to two categories of taxpayers:
1. Wage earners who have been unemployed at least 30 consecutive days
during 2011 or in 2012 up to this year’s April 17 tax deadline.
2. Self-employed individuals who experienced a 25 percent or greater
reduction in business income in 2011 due to the economy.
To qualify for this penalty relief, your adjusted gross income must not exceed $200,000 if married filing jointly or $100,000 if your filing status is single, married filing separately, head of household, or qualifying widower.
Your 2011 balance due can not exceed $50,000.
Taxpayers who qualify need to complete a new Form 1127A to request the 2011 penalty relief.
Installment agreements.
An installment agreement is a payment option for those who cannot pay their entire tax bill by the due date. The Fresh Start provisions give more taxpayers the ability to use streamlined installment agreements to catch up on back taxes and also more time to pay.
The new threshold for requesting an installment agreement has been raised from $25,000 to $50,000. This option requires limited financial information, meaning far less burden to the taxpayer.
The IRS maximum term for streamlined installment agreements has been raised to six years from the current five-year maximum.
If your tax debt is more than $50,000, you’ll still need to supply the IRS with a Collection Information Statement (Form 433-A or Form 433-F).
You also can pay your balance down to $50,000 or less to qualify for this payment option.
With an IRS installment agreement, you’ll pay less in penalties, but interest continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, you must agree to monthly direct debit payments.
Offer in Compromise, IRS Tax Debt Settlement
Under the first round of Fresh Start in 2011, the IRS expanded the Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
An Offer in Compromise or Tax Debt Settlement is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
The IRS finally recognizes many taxpayers are still struggling to pay their bills so the agency has been working on more common-sense changes to the OIC program to more closely reflect real-world situations.
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.
For more about offers or tax debt settlements call us today. Taxpayer should never file an offer in compromise or a tax debt settlement without seeking professional help. Being a former IRS agent and teaching instructor I can tell you firsthand that those taxpayers who file their offer in compromise using their own knowledge and skill are doomed for failure. The offer in compromise though is simple on the outside however it is a very complex procedure when work by Internal Revenue Service.
Call us today and get a free initial tax consultation and speak directly of tax attorneys, tax lawyers, former IRS agents. We are friendly and very affordable.
Tax Attorney, Tax Lawyer, IRS Levy, Tax Audit, Tax Help, Former IRS Agents, Ft. Lauderdale, Miami, Palm Beaches
by Fresh Start Tax | Mar 7, 2013 | Tax Levy and Wage Garnishments
IRS Tax Levy, Wage Garnishments – FAST RELEASES – Former IRS Agents, Miami, Ft.Lauderdale, Palm Beaches 954-492-0088
IRS files 3.8 million Tax Levies each year, staggering.
We are comprised of tax attorneys, CPAs, enrolled agents, and former IRS agents managers and instructors.
With over 60 years of direct work experience and knowledge of the Internal Revenue Service we can obtain fast releases of IRS tax levies, bank levies and IRS wage garnishment’s. We can also settle your tax case.
There’s a very structured format used in the process to getting fast releases of tax levies and getting your money back in your hands.
We have released thousands of levy since 1982 and we know the exact process to make this work for you.
Do not be worried or stressed contact us today and we can start the process.
What IRS will require to release an IRS Tax Levy, Wage Garnishment, Bank Levy
IRS will require a current financial statement that is fully documented along with the last six months of verified income and verified expenses. IRS will require this on a form 433-For 433-A.
IRS will also check on your current tax returns to make sure your tax returns are up to date with the Internal Revenue Service and to make sure you are having proper withholding being taken out.
As a general rule when IRS releases the IRS tax Levy, IRS Bank Levy or IRS Wage Garnishment ,IRS will close case in one of three closing methods:
IRS will either put your case into:
1.an economic tax hardship,
2.enter you into an installment or payment agreement, or
3 .recommend that you file an IRS offer in compromise.
Contact us today and we will go over all your tax options with you. 954-492-0088
We are affordable and A+ rated by the Better Business Bureau.
We have 206 years of professional tax experience and we are the go to firm in South Florida for all IRS matters, problems and tax resolutions.
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 if Tax Records are lost or destroyed
- Fast Releases of IRS Tax Levy, Wage Garnishment
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- 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”
- 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
FAST RELEASES – IRS Tax Levy, Wage Garnishments – Former IRS Agents, Miami, Ft.Lauderdale, Palm Beaches
