by Fresh Start Tax | Jun 25, 2012 | Abatements, Back Taxes, Expatriate Tax, Income Tax Preparation, Tax Lawyer, Tax Settlements
Ex-Pat Tax Return Filing – Tax Attorneys, CPA’s, Former IRS – IRS Tax Experts
We are comprised of Board Certified Tax Attorney’s, CPA’s and Former IRS Agents and Instructors.
You can have Former IRS Agents and Managers who know the system and the tax procedures get you back in the IRS system worry free.
We have taught Tax Law at the IRS as Former IRS Agents.
We have filed and resolved hundreds of U.S. Expatriates who have not filed their past due or late tax returns for all kinds of reason.
Many taxpayers do not have the proper records and many simply did not know there was even a tax filing requirement.
If you owe back IRS tax because of late filing we can also look to abate the penalties and interest and work out a tax settlement.
We have made this a very simple process. Because of our vast expertise in this Ex – Pat matters we have made this process very affordable and you will never have to contact the IRS. Ex- Pat’s will simply give us a power of attorney and we do the rest.
Because of our awareness of the U.S. Tax Laws you will pay the lowest amount allowed by law. There are special tax benefits such as the:
1. Foreign Tax Exclusions,
2. Foreign Tax Credits.
3. Earned Income Exclusion.
Fresh Start Tax L.L.C. can offer our clients attorney-client privilege in the process which is not available from other many other tax preparers.
We have over 205 years of professional tax experience and over 60 years working for the Internal Revenue Service in the local, district and regional offices of the IRS.
Call us today and speak directly to a tax professional and relief your Ex- Pat worries.
by Fresh Start Tax | May 2, 2012 | Abatements, Back Taxes, IRS Tax Problem, Tax Help, Tax Lawyer
Do you have IRS Penalties and Interest piling up on your IRS tax bill?
If you want to hire true tax experts and tax professionals call Fresh Start Tax LLC 1-866-700-1040 to speak directly to either a Tax Attorney, CPA ‘s or Former IRS Agents and Managers.
We also have on our staff a former IRS Appeals Agent who has worked hundreds of abatement cases as a IRS Appeals agent.
IRS has tax provisions to get rid of, remove or abate penalties and interest if you have reasonable cause and can prove your claim.
Most taxpayers believe that writing a simple letter to remove IRS Penalties and Interest and poof, IRS be gone with them, however, this process is not so simple.
As a general rule, IRS looks for reasons to NOT accept the request for abatement because they are very lazy and do not want to process claims because it requires to much work. Sad but true.
Having been a former IRS Agent I can tell you this from experience and how other IRS Agents handled their cases. Like in any business some agents were very good and other not so good.
I tell most of my clients to usually expect our cases to go to appeals when fighting IRS penalties and interest. We are true experts in penalty abatement’s.
There is a specific format that the IRS goes through. The claims of abatement to rid yourself of IRS Penalties and Interest must be thorough, detailed and loaded with documentation.
You can look on our web site to examine the process more thoroughly.
Go to Tax Solutions on our home page and click go to Abate IRS Penalties and Interest.
IRS Provisions to get rid of, remove or abate IRS penalties and interest:
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the IRS can assess a penalty if you fail to file, fail to pay or both.
The two different penalties you may face are the failure to file and the failure to pay. These are two of the larger penalties.
1. If you do not file by the deadline, you might face a failure-to-file penalty.This is a maximum of 25% if the return is 5 months late. It is critical even of you do not have the money to file a timely tax return.
2. The penalty for filing late is usually 5 percent of the unpaid taxes for each month or part of a month that a return is late. This penalty will not exceed 25 percent of your unpaid taxes.
3. If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.
4. If you do not pay your taxes by the due date, you will generally have to pay a failure-to-pay penalty of ½ of 1 percent of your unpaid taxes for each month or part of a month after the due date that the taxes are not paid. This penalty can be as much as 25 percent of your unpaid taxes.
5. If you request an extension of time to file by the tax deadline and you paid at least 90 percent of your actual tax liability by the original due date, you will not face a failure-to-pay penalty if the remaining balance is paid by the extended due date.
6. If both the failure-to-file penalty and the failure-to-pay penalty apply in any month, the 5 percent failure-to-file penalty is reduced by the failure-to-pay penalty. However, if you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.
7. You will not have to pay a failure-to-file or failure-to-pay penalty if you can show that you failed to file or pay on time because of reasonable cause and not because of willful neglect.
Call us today to see if you qualify for an abatement today. Hear the truth.
