Missing, Cannot Get W-2 – Here is What to Do – Former IRS

by Fresh Start Tax | Feb 8, 2013 | Tax Help

Missing, Cannot Get W-2 – Here is What to Do Former IRS

 
I cannot tell you how many times we have been called regarding missing W-2s and employers who have not send out W-2s to their employees.
It is a very frustrating process when taxpayers want to file their tax returns and get their tax refunds and for various reasons I cannot get a copy of their W-2.
Here are some suggestions on how to go ahead and acquire your W-2.
It’s a good idea to have all your tax documents together before preparing your 2012 tax return. You will need your W-2, Wage and Tax Statement, which employers should send by the end of January.
Give it two weeks to arrive by mail.
If you have not received your W-2, follow these three steps:
1. Contact your employer first.
Ask your employer  or former employer  to send your W-2 if it has not already been sent. Make sure your employer has your correct address.
2. Contact the IRS.
After February 14, you may call the IRS at 800-829-1040 if you have not yet received your W-2. Be prepared to provide your name, address, Social Security number and phone number.
1.  You should also have the following information when you call:
2.  Your employer’s name, address and phone number;
3.  Your employment dates; and
4. An estimate of your wages and federal income tax withheld in 2012, based upon your final pay stub or leave-and-earnings statement, if available.
3. File your return on time.
You should still file your tax return on or before April 15, 2013, even if you have not yet received your W-2.
File Form 4852, Substitute for Form W-2, Wage and Tax Statement, in place of the W-2. IRS will usually accept form 4852 and place of the W-2.
Use the form to estimate your income and withholding taxes as accurately as possible. The IRS may delay processing your return while it verifies your information.
If you have a copy of a pay stub that the employer used during the year to verify the amount of wages and withholding it is helpful to go ahead and attach that pay-stub to form 4852.
If you need more time to file you can get a six-month extension of time. File Form 4868, Application for Automatic Extension of Time to File US Individual Income Tax Return.
If you are requesting an extension, you must file this form on or before April 15, 2013.
If you receive the missing W-2 after filing your tax return and the information on the W-2 is different from what you reported using Form 4852, then you must correct your tax return. File Form 1040X, Amended U.S. Individual Income Tax Return to amend your tax return.
Missing, Cannot Get W-2 – Here is What to Do – Former IRS

West Palm Beach, Boca Raton – IRS Tax Audit Help & Representation – Former IRS Agents

by Fresh Start Tax | Feb 8, 2013 | Tax Help

West Palm Beach – IRS Tax Audit Help & Representation – Former IRS Agents   954-492-0088

 
We are comprised of tax attorneys CPAs and former IRS agents. We worked out of South Florida IRS offices for over 60 years both in the local, district, and regional offices of the Internal Revenue Service.
We are A+ rated by the utter business bureau, we are fast, and affordable.
We have represented hundreds of South Floridians I have settled a negotiated their cases successfully.
You can contact us today for a no  cost professional tax consultation.
 IRS Audit Selection Process
Selecting a income or business tax return for IRS tax audit  does not always suggest that an error has been made.
Tax Returns are selected using a variety of methods:
Random selection and computer screening. Sometimes returns are selected based solely on a statistical formula.
Document matching.
Over 1.4 million tax returns are selected for document matching audits. IRS collects billions of dollars through document matching. I arrest is not audit the tax return in the current year IRS will usually document match tax returns that are a year or two years old.
When payor records, such as Forms W-2 or Form 1099, don’t match the information reported.
Related examinations.
Tax returns may be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.
IRS  Tax Audit Methods
An IRS Tax audit may be conducted by mail or through an in-person interview and review of the taxpayer’s records.
The interview may be at an IRS office (office audit) or at the taxpayer’s home, place of business, or accountant’s office (field audit).
The IRS will  generally tell you what records are needed.
Tax audits can result in no changes or changes. Any proposed changes to your return will be explained.
 IRS tax audit Notification
Should your account be selected for audit, you will be notified in two ways:
1. By mail, or
2. By telephone
In the case of a telephone contact, the IRS will still send a letter confirming the audit. E-mail notification is not used by the IRS.
Your Rights During an Audit
To find out more about IRS tax audit information you can always secure IRS Publication 1, Your Rights as a Taxpayer, explains your rights as a taxpayer as well as the examination, appeal, collection, and refund processes.
These tax audit rights include:
a.A right to professional and courteous treatment by IRS employees.
b .A right to privacy and confidentiality about tax matters.
c. A right to know why the IRS is asking for information, how the IRS will use it and what d. will happen if the requested information is not provided.
e. A right to representation, by oneself or an authorized representative.
f. A right to appeal disagreements, both within the IRS and before the courts.
 IRS tax audit Length
The length of each audit varies depending on the type of audit, the complexity of items being reviewed, the availability of information being requested, the availability of both parties for scheduling of meetings and your agreement or disagreement with the findings.
Records Needed  for an IRS tax audit
You will be provided with a written request for specific documents needed.
The law requires you to retain records used to prepare your return. Those records generally should be kept for three years from the date the tax return was filed.
The IRS does accept some electronic records. If records are kept electronically, the IRS may request those in lieu of or in addition to other types of records. Contact your auditor to determine what can be accepted to ensure a software program is compatible with the IRS’s.
 IRS tax Audit Determinations
An audit can be concluded in three ways:
1.No change.
an audit in which you have substantiated all of the items being reviewed and results in no changes.
2. Agreed.
an audit where the IRS proposed changes and the taxpayer understands and agrees with the changes.
3. Disagreed
an audit where the IRS has proposed changes and the taxpayer understands, but disagrees with the changes.
 
IRS tax audit Burden of Proof information
The responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof. You must be able to prove (substantiate) certain elements of expenses to deduct them.
Generally, taxpayers meet their burden of proof by having the information and receipts (where needed) for the expenses. You should keep adequate records to prove your expenses or have sufficient evidence that will support your own statement.
You generally must have documentary evidence, such as receipts, canceled checks, or bills, to support your expenses. Additional evidence is required for travel, entertainment, gifts, and auto expenses.
West Palm Beach, Boca Raton – IRS Tax Audit Help & Representation – Former IRS Agents

Ft.Lauderdale – IRS Tax Audit Help & Representation – Former IRS – IRS Audit Experts

by Fresh Start Tax | Feb 6, 2013 | Tax Help

Ft.Lauderdale – IRS Tax Audit Help & Representation – Former IRS – IRS Audit Expert   954-492-0088

 
We are comprised of tax attorneys, CPAs, and former IRS agents, managers and instructors.
We work out of the local South Florida offices for over 60 years. We also worked out of the district and regional offices of the Internal Revenue Service and Tax Law to the new IRS agents.
As a result of our years of IRS experience we know every position that IRS takes during a tax audit.
We know all the strategies, policies and all the procedures used by Internal Revenue Service and know all the applicable tax defenses used when applicable in these cases.
Call us today and here the truth about your IRS tax audit.
 

 Why you may have been selected for a IRS tax audit

1% of all tax returns are audited by the Internal Revenue Service. The higher income you make the greater potential of a tax audit. most all tax returns are selected for audit by the CADE 2 computer, the IRS beast.
Tax returns are selected for audits in several ways.
The most common method is through the DIF process.
The primary way that the IRS selects returns for audit is the Discriminate Function (DIF) system.  Every tax return has a DIF score. The DIF system uses mathematical formulas to weigh the various characteristics of tax returns and score them accordingly, in an effort to find the returns that would most likely have a difference between taxes owed and reported. IRS uses revenue agents and tax examiners to then look over every tax return  that has a high DIF score to verify that a particular tax return has audit potential.
Most of these agent are very trained a very proficient in picking up in tax returns that are deserving of an IRS tax audit.
We have a revenue agent on staff  that used  to classify tax returns at the IRS Service Center.
 
An example of this
for example, if an individual earns $60,000 in a year and makes a charitable contribution of $6,000, that characteristic would more than likely carry a higher weight than it would for an individual who had $700,000 in income and made that same charitable contribution; the first return would receive a higher score.
As a general rule, the higher the score, the higher the probability of a tax change, the highest scoring returns are then forwarded for further review to a tax examiner.
At the current time IRS is trying a new process called “machine learning audits”. It is a process where no IRS agent looks at the return it just sends to the field the tax returns for audit.
The IRS is going to engage the system for a year then look at the results and determine the worthiness of these of the system
There is another way that tax returns can be selected for further examination
 

The National Research Program

In this  NRP program, the IRS conducts examinations to gather data for use throughout the IRS in an effort to improve the tax system.
Tax Returns are randomly selected, yes randomly selected, to allow the IRS to collect statistically valid information about how taxpayers meet their taxpaying responsibilities.
These tax audits are generally more thorough than the so-called regular types of audits because of their basis in research. Many professionals call least tax audits, the audits from hell because many times the IRS will audit every single item on the tax return.
IRS will use these tax return results to set up national standards for DIF scores mentioned above.
 

IRS Matching Programs

Under this type of audit the IRS would match various reporting documents, such as Forms 1099 for dividends or interest, with the income reported on the tax return.

If there is a mismatch or a missing amount, the IRS will contact the taxpayer for more information. The taxpayer must then respond to the IRS with an explanation of the difference or an agreement to pay the amount due.
IRS audits approximately 1.4 million taxpayers as a result of mismatches through the matching program.
Billions of dollars are collected as a result of these matching programs.
 

Record keeping for the Taxpayers

Keep good records. Good records will help you monitor the progress of your business, prepare your financial statements, identify source of receipts, keep track of deductible expenses, prepare your tax returns, and support items reported on tax returns.
 

What kinds of records should I keep?

You may choose any record keeping system suited to your business that clearly shows your income and expenses.
Except in a few cases, the law does not require any special kind of records.
However, the business you are in affects the type of records you need to keep for federal tax purposes.
 

How long should I keep records?

The length of time you should keep a document depends on the action, expense, or event the document records.
You must keep your records as long as they may be needed to prove the income or deductions on a tax return. As a general rule IRS requires you keep your tax records for three years.
 

How long should I keep employment tax records?

You must keep all of your records as long as they may be needed; however, keep all records of employment taxes for at least four years.
 

How should I record my business transactions?

Purchases, sales, payroll, and other transactions you have in your business generate supporting documents. These documents contain information you need to record in your books. His best to keep copies of these in a safe place just in case some unexpected event  takes place or your records are destroyed. Copies can be with your accountant or in safety deposit boxes.

What is the burden of proof?

The responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof.
You must be able to prove (substantiate) certain elements of expenses to deduct them.
Keep in mind that if you ever lose your tax records a good tax firm can help reconstruct both and your deductions.
 

Ft.Lauderdale – IRS Tax Audit Help & Representation – Former IRS – IRS Audit Experts

MIAMI – IRS Tax Audit Help & Representation – Former IRS Agents & Managers – Tax Audit Experts

by Fresh Start Tax | Feb 6, 2013 | Tax Help

 

MIAMI – IRS Tax Audit Help & Representation – Former IRS Agents & Managers – Tax Audit Experts         954-492-0088
We are comprised of tax attorneys, CPAs, and former IRS agents, managers and tax instructors.
We worked out the local South Florida IRS offices for over 60 years and are true experts in IRS tax audit help and representation.
As a result of our many years of  IRS experience at IRS we know all the tax policies, tax closing procedures, and tax codes that relate to lowering your tax debt is much as possible.
We have represented hundreds and hundreds of Floridians through their IRS tax audits.
Stop the worry and stress today and let her experience work for you.
Call or come by and visit us in person and let us show you how true professionals handle an IRS tax audits. Also, on staff as a former IRS appeals agent of 35 years.
We are your full service tax firm located right here in South Florida.
Why you may have been selected for a tax audit
1% of all tax returns are audited by the Internal Revenue Service. The higher income you make the greater potential of a tax audit.
Tax returns are selected for audits in several ways. The most common method is through the DIF process.
The primary way that the IRS selects returns for audit is the Discriminate Function (DIF) system.  Every tax return has a DIF score. The DIF system uses mathematical formulas to weigh the various characteristics of tax returns and score them accordingly, in an effort to find the returns that would most likely have a difference between taxes owed and reported. IRS uses revenue agents and tax examiners to then look over every tax return to verify that a particular tax return has audit potential.
We have a revenue agent on staff who works in our office that used  to classify tax returns at the service center.
An example of this
For example, if an individual earns $60,000 in a year and makes a charitable contribution of $6,000, that characteristic would more than likely carry a higher weight than it would for an individual who had $700,000 in income and made that same charitable contribution; the first return would receive a higher score.
As a general rule, the higher the score, the higher the probability of a tax change, the highest scoring returns are then forwarded for further review to a tax examiner.
There are several other ways that returns can be selected for further examination
Corporate Officer Return Compliance Check
As a part of every corporate or business audit, the IRS will determine whether the corporate officers’ returns have been filed.  Generally the revenue agent will make this determination.
The IRS will review the return for items that appear large, unusual, or otherwise questionable and will then determine whether or not the return will be audited. This routine check does not constitute an audit, but as a result of it, corporate officers may be subject to a greater level of scrutiny than those who are not subject to this additional review.
Usually experienced revenue agents can determine immediately how deep the tax audit needs to go.
Flow-through Examinations  too others
If the IRS proposes a change to the filed return of a partnership, S-corporation or trust, the partners, shareholders or distributees of a trust may see their income changed as well. This may result in additional scrutiny of the individual’s return and a possible separate examination. Some of these tax examinations may last as long as the year.
The National Research Program
See our website for more on this.
In this  NRP program, the IRS conducts examinations to gather data for use throughout the IRS in an effort to improve the tax system. Tax Returns are randomly selected to allow the IRS to collect statistically valid information about how taxpayers meet their taxpaying responsibilities.
These tax audits are generally more thorough than the so-called regular types of audits because of their basis in research. Many professionals call least tax audits, the audits from hell because many times the IRS will audit every single item on the tax return.
IRS will use these tax return results to set up national standards for DIF scores mentioned above.
IRS Matching Programs
Under this type of audit the IRS would match various reporting documents, such as Forms 1099 for dividends or interest, with the income reported on the tax return.
If there is a mismatch or a missing amount, the IRS will contact the taxpayer for more information. The taxpayer must then respond to the IRS with an explanation of the difference or an agreement to pay the amount due.
IRS audits approximately 1.4 million taxpayers as a result of mismatches through the matching program.
Billions of dollars are collected as a result of these matching programs.
Call us today to learn more about IRS tax audit help and representation.
You will speak directly to tax attorneys, CPAs were former IRS agents and managers.
If you need to file a current year’s tax return please contact us and we can help audit proof your tax return.
MIAMI – IRS Tax Audit Help & Representation – Former IRS Agents & Managers – Tax Audit Experts