by Fresh Start Tax | Oct 29, 2012 | Back Taxes, Tax Help, Tax Problem Help, Tax Relief, Tax Returns
Local IRS Tax Relief from Back Taxes or Unfiled Tax Returns
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627 1-866-700-1040
Call us today for a no cost professional tax consultation. you can speak directly to true tax experts certified by the IRS to settle your IRS tax debt and get you tax relief.
If you are encountering a IRS or State Tax Problem and need IRS or State Tax Help call us today for a no cost consultation, 1-866-700-1040. We are a local tax firm.
We have over 206 years of professional tax experience and over 60 years of direct IRS and State Tax Experience for tax relief on back tax and unfiled, past due or late tax returns.
How to Resolve Owing Back IRS Taxes or Unfiled Tax Returns
IRS has different methods in working with taxpayers that owe delinquent back taxes and need tax relief.
There are one of three programs that you are eligible for when you owe back taxes.
IRS will either place your case into a Hardship or Noncollectable status, a installment payment or payment plan, or the IRS will entertain an offer in compromise or a tax debt settlement.
What drives the tax resolution by the IRS.
IRS has a standardized financial statement that you will be filling out. Whether you are a individual or own a business everyone is required to fill out and completely document a 433F or a 433A. These form vary depending on the Unit working the case.
IRS will require you have to have all tax returns filed and current to date.
How Fresh Start Tax LLC will settle and negotiate your case with the Internal Revenue Service:
1. Fresh Start Tax LLC immediately sends a power of attorney to the IRS letting them know we are now your tax representative. You will never have to speak to the IRS. We handle all communication and tax settlement.
2. Fresh Start Tax LLC will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can and will refuse to work your case.
This is leverage that the IRS will use to get you tax compliant. Fresh Start Tax LLC can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We are tax masters of reconstruction. We can file all your back tax returns within days.
3. The IRS requires a current financial statement. We will secure a required 433-A (IRS financial statement) or a 433F, verify the income and expenses and work out a settlement agreement with the IRS.
The IRS will require a closing settlement method for each case.
4. Settlement agreements and methods are either hardships, installment payments or the filing of an offer in compromise. All 3 types of settlements close your case off of the IRS enforcement computer.
5. We will review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
What are the Forms of IRS Tax Debt Settlement Agreements on back taxes on unfiled tax returns.
a. Hardship Settlements.
Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements.
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. IRS Offer in Compromise. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility.
Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability.
A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
1. the examiner made a mistake interpreting the law,
2. the examiner failed to consider the taxpayer’s evidence or
3. the taxpayer has new evidence.
3. Effective Tax Administration / Exceptional or Usually Circumstances.
There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable. You must have extraordinary experiences.
Call us today for no cost consult. We are your local tax representatives. 1-866-700-1040.
IRS Tax Relief from Back Taxes or Unfiled Tax Returns – Local Tax Help
by Fresh Start Tax | Oct 20, 2012 | Back Taxes, California Tax, IRS Tax Debt, Tax Returns
If you need IRS Tax Relief from Back Taxes and if you have unfiled, past due or late tax returns we can rectify your problem immediately. 1-866-700-1040.
Why Fresh Start Tax LLC
We are a local tax firm comprised of Former IRS Agents, Managers and Instructors. We are also staffed with Board Certified Tax Attorneys, CPA’s and Enrolled Agents. We are a full service tax firm.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have resolved thousands of tax cases since 1982. Stop the sorry today.
IRS Tax Relief
IRS Tax Relief from back taxes occurs in a variety of ways. IRS wants to make sure all tax returns are filed, current and up to date including sufficient withholding being taken out to cover the taxes for the current year.
IRS will then ask for a financial statement that is completely documented and make a determination based on the taxpayers ability to pay the debt back to the IRS. The IRS has a National Standards tests that it uses to determine allowable living expenses. True tax professionals can use this standard to your advantage to get you the tax relief you need.
IRS wants all tax returns filed and taxpayers up to date. If you have unfiled, late or past due tax returns call us today and we can prepare your Federal and State tax returns.
If you have little or you lost your tax records we can help reconstruct those tax returns with little inconvenience to you. We have prepared thousands of back returns since 1982.
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
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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 FM Net Monthly Radio Show-Business Weekly
by Fresh Start Tax | Oct 17, 2012 | Back Taxes, IRS Tax Debt, New Jersey Tax, Tax Returns
Tax Relief on Back Taxes & Unfiled Tax Returns
We are comprised of Tax Attorneys, CPA’s and Former IRS agents. We have over 60 years of direct work experience at the Internal Revenue Service in the local, district and regional offices of the IRS.
We can file all your back tax returns and get your a tax settlement agreement.
Call us today for a no cost consultation.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave, Upper Montclair, NJ 07043
1-866-700-1040
Since 1982 and A plus rated BBB.
Back Taxes. Tax Relief on Back Taxes & Unfiled Tax Returns
There is a very specific way you go about addressing back tax issues with the IRS. Before you pick up the telephone and call the IRS there must be a game plan in mind.
You must know exactly what your end goal should be. Taxpayers that just randomly call the IRS expecting a favorable outcome will find themselves on the short end of the stick when all is said and done.
The steps to assure your outcome with the IRS.
1. Make sure all tax returns are filed or you are in the process of completing the tax returns. IRS will never close your case when outstanding tax returns are not filed.
2. Make sure you have enough withholding being taken out your check so make sure the IRS knows you are fixing the problem. If you are self employed you must start making ES payments to ensure you will not owe tax again.
3. IRS will require a financial statement. IRS will require a 433A or a 433F depending on where the case is in the IRS system. If you are dealing with the ACS Unit and you are on notice status with a Service Center IRS will require a 433 F. If the case is in the field the IRS will require a 433A.
Both types of financial statements will need to be fully documented so make sure the financials are accurate and can be documented with proof of all income, bills and receipts.
The documentation that the IRS will be requiring.
The basic information the IRS will need:
1. Your last pay stub,
2. Copies of mortgage or rent statements,
3. Copies of utilities bills for the last 3 months,
4. Car and insurance payments,
5. Last 3 months bank statements,
6. Medical, insurance bills
7. Anything listed as a monthly expense will be required.
Do you need tax relief on back taxes on unfiled back tax returns?
The process of filing back or unfiled tax returns:
If you have unfiled tax returns, this is the process Fresh Start Tax LLC uses to get current with the IRS and get you immediate and permanent IRS tax relief:
1. We verbally review a year by year history of your income and expenses to arrive at the lowest amount of tax allowed by law.
2. We review any books, records and bank statements you may have.
3 We pull all income IRS information that they have received from 3rd party sources that have been placed on the IRS computer system over the past 7 years.
Lost records:
a. If you have lost all your records we have easy and simple forms that can help you reconstruct your tax return.
b. We can prepare through years of experience a “reconstructed” tax return that the IRS will accept and process.
c. We review all returns for accuracy with the client and send them into the IRS.
Once all your tax returns are on record we will work out a permanent settlement agreement with the IRS.
Call us today for more details. 1-866-700-1040.
Tax Relief on Back Taxes & Unfiled Tax Returns
by Fresh Start Tax | Oct 11, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans
IRS Payment Plan – Pay Back Taxes – Former IRS Agents – Orlando, Tampa, St. Petersburg, Jacksonville – Florida
Michael D. Sullivan is a Former IRS Agent and Teaching Instructor with the Internal Revenue Service. Call today for a no cost consultation 1-866-700-1040.
We are affordable and friendly. We get the job done, since 1982.
Installment agreements or payment agreements are much easier to come by since IRS has changed many of there tax policies concerning collection policies. These changes were long overdue. There are a variety of options available to the taxpayer but a lot depends on the amount owed, the type of tax and whether or not the taxpayer is current.
Depending on each situation, we place the individual or business into the Program that best fits the needs of the taxpayers. We have worked well over 15,000 cases and can find the program to get the taxpayer instant relief.
The new Fresh Start Program has made making a payment agreements a lot less stress free and allows taxpayers some freedoms as oppose to the strict regimen of days gone by.
To get the agreement you want it is always best to speak directly to a professional tax firm to get the desired results. You can speak to us about different options. 1-866-700-1040.
To qualify for a IRS Payment Plan to pay back taxes:
To qualify for an installment agreement, the taxpayer must be currently compliant.
This means that
(1) all required tax returns have been filed and
(2) the taxpayer is up-to-date with current-year tax obligations. Once an agreement is established, the IRS requires the taxpayer to stay in compliance to avoid “pyramiding” additional taxes onto those that are already owed.
For this reason, sometimes it is best to increase payroll tax withholding or remain current with estimated taxes to avoid a default on the installment agreement.
To Apply for an installment agreement you can call us today at 1-866-700-1040.
Online options:
There are also online options if you owe $50,000 or less in combined individual income tax, penalties and interest;
Owe more than $50,000
If you owe more than $50,000, you will also need to complete Form 433-F, Collection Information Statement. The 433F is a detailed financial statement that IRS will review containing all your income and expenses over the past 6 months. IRS will ask for documents to verify all income and expenses.IRS will apply the National Standard to all expenses so caution should be given to anyone trying to attempt this on there own. It is nut suggested. If you over $50,000 you should have a tax professional remedy this situation for you.
Should you default your IRS payment plan on your back taxes IRS will enforce the filing of a federal tax lien or a federal tax levy. You must keep your account in good standing.
What is good Standing – To keep your account in good standing:
a. Pay at least your minimum monthly payment when it’s due (direct debit or payroll deductions make this easy);
b. Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
c. File all required tax returns on time;
d. Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
e. Continue to make all scheduled payments even if we apply your refund to your account balance; and
f. Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).
If the taxpayer owes $10,000 or less, the IRS cannot turn down the request if the taxpayer meets the requirements for a guaranteed installment agreement. In addition to the $10,000 limit, the following rules apply to qualify for a guaranteed installment agreement (Form 9465 instructions):
During the past five years, the taxpayer (and spouse if filing jointly) has timely filed all income tax returns and paid all income taxes without entering into an installment agreement.
The taxpayer must agree to pay the full amount owed within three years and comply with all filing requirements and payment of tax while the agreement is in effect.
The IRS historically has allowed up to 60 months to pay the obligation in full. Under the Fresh Start program, it is now allowing up to 72 months to pay (IR-2011-20, IR-2012-31, and IR-2012-53).
by Fresh Start Tax | Oct 6, 2012 | Back Taxes, Expatriate Tax, FBAR, Income Tax Preparation, Tax Lawyer, Tax Returns
Yes the IRS is really trying to help, well, help them get you to file FBAR reports.
There is a new FBAR procedure out that may help many taxpayers and individuals.
If you are responsible to file a FBAR this better be on your radar screen. The IRS and the DOJ has been very active in going after tax cheats and non- filers. Country by country the IRS is coming your way.
When UBS gave in to US pressure it was just a matter of time that other countries would be next.
When Lichtenstein went down there was a clear sent that the IRS and the DOJ was going country by country. Each country is giving way to US demands and is turning over account information of all US citizens.
Our advice to all our clients, find the IRS before they find you.
We are comprised of Board Certified Tax Attorneys, Lawyers CPA’s and Former IRS Agents. We are FBAR experts. We can help with Foreign Retirement Accounts and Pension Plans.
Call us today for a free tax consult, 1-866-700-1040. Speak directly to a Tax Attorney or Lawyer.
The Internal Revenue Service announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues.
The IRS will provide a new option to help some U.S. citizens and others residing abroad who have not been filing tax returns and provide them a chance to catch up with their tax filing obligations if they owe little or no back taxes.
The new procedure will go into effect on Sept. 1, 2012.
The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts .
Some of these taxpayers have recently become aware of their filing requirements and want to comply with the law.
To help these taxpayers, the IRS offered the new procedures that will allow taxpayers who are low compliance risks to get current with their tax requirements without facing penalties or additional enforcement action.
These people generally will have simple tax returns and owe $1,500 or less in tax for any of the covered years.
The IRS also announced that the new procedures will allow resolution of certain issues related to certain foreign retirement plans (such as Canadian Registered Retirement Savings Plans).
In some circumstances, tax treaties allow for income deferral under U.S. tax law, but only if an election is made on a timely basis.
The new streamlined procedures will be made available to resolve low compliance risk situations even though this election was not made on a timely basis.
Taxpayers using the new procedures will be required to file delinquent tax returns along with appropriate related information returns for the past three years, and to file delinquent FBARs for the past six years.
Submissions from taxpayers that present higher compliance risk will be subject to a more thorough review and potentially subject to an audit, which could cover more than three tax years.
The IRS also announced its offshore voluntary disclosure programs have exceeded the $5 billion mark, released new details regarding the voluntary disclosure program announced in January and closed a loophole used by some U.S. citizens.
by Fresh Start Tax | Sep 30, 2012 | Back Taxes, Expatriate Tax, FBAR, Tax Lawyer, Tax Returns
If you are a US citizen living in Singapore or the surrounding region and have issues regarding FBAR or Expatiate questions, call us today so we can help with any tax issue or potential tax problems you may have. 1-866-700-1040.
We can relieve your worry today. We are FBAR and Expatiate Tax Experts and have over 206 years of total tax experience and we have over 60 combined years with the IRS in the local, district and regional offices of the IRS.
FBAR filing requirement
For those of you have have a FBAR requirement, that is you are required to file FBAR because you had a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act you may require you to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), call us today to find out if this requirement applies to you.
What are the terms of the 2011 Offshore Voluntary Disclosure Initiative?
Under the terms of the 2011 Offshore Voluntary Disclosure Initiative, taxpayers must:
1. The taxpayer must provide copies of previously filed original (and, if applicable, previously filed amended) federal income tax returns for tax years covered by the voluntary disclosure;
2. The taxpayer must provide complete and accurate amended federal income tax returns (for individuals, Form 1040X, or original Form 1040 if delinquent) for all tax years covered by the voluntary disclosure, with applicable schedules detailing the amount and type of previously unreported income from the account or entity (e.g., Schedule B for interest and dividends, Schedule D for capital gains and losses, Schedule E for income from partnerships, S corporations, estates or trusts).
3. The taxpayers must file complete and accurate original or amended offshore-related information returns (see FAQ 29 for certain dissolved entities) and Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts, commonly known as an “FBAR”) for calendar years 2003 through 2010;
4.Cooperate in the voluntary disclosure process, including providing information on offshore financial accounts, institutions and facilitators, and signing agreements to extend the period of time for assessing tax and penalties;
5. The taxpayer must pay 20% accuracy-related penalties under IRC § 6662(a) on the full amount of your underpayments of tax for all years;
6. The taxpayers must pay failure to file penalties under IRC § 6651(a)(1), if applicable;
7. The taxpayers must pay failure to pay penalties under IRC § 6651(a)(2), if applicable;
8. The taxpayer must pay, in lieu of all other penalties that may apply, including FBAR and offshore-related information return penalties, a miscellaneous Title 26 offshore penalty, equal to 25% (or in limited cases 12.5% (see FAQ 53) or 5% (see FAQ 52)) of the highest aggregate balance in foreign bank accounts/entities or value of foreign assets during the period covered by the voluntary disclosure;
9. The taxpayers must submit full payment of all tax, interest, accuracy-related penalty, and, if applicable, the failure to file and failure to pay penalties with the required submissions set forth by code.
10. The taxpayer must execute a Closing Agreement on Final Determination Covering Specific Matters, Form 906.
You also have another option that you want to hear and know more about.
You have the ability to make a quiet disclosure by filing amended tax returns without notifying IRS. Call us today to find out more and speak directly to a Tax Attorney or Tax Lawyer. 1-866-700-1040. This is called a quiet disclosure.
