by Fresh Start Tax | Nov 5, 2012 | California Tax, Representation, Sales Tax, Tax Help, Tax Relief, Tax Settlements
Tax Relief – Help Settle IRS Tax Problem – Local Tax Firm California
If you are going through IRS or State Tax Problems or Issues call Fresh Start Tax L.L.C. 1-866-700-1040.
We are a local tax firm that resolve your IRS or State Tax Issues or Tax Problems. We can help resolve your tax debt once and for all.
Stop the worry now! Get tax relief today.
Fresh Start Tax
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s, Enrolled Agents and Former IRS Agents, Managers, Appeals Agents and Instructors.
With over 206 years of professional tax experience and 60 years of direct IRS work experience in the local, district and regional offices.
IRS has different options in dealing with those taxpayers that have tax debt.
How we can get your tax relief to Settle and Negotiate your case with the Internal Revenue Service or the State of California:
1. Fresh Start Tax LLC will immediately send a power of attorney to the IRS or State of California letting them know we are now your tax representative.
You will never have to speak to the IRS or the State. We handle all tax correspondence. You can stop the sorry today.
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 will refuse to work your case. This is leverage that they use to get you compliant with tax laws.They can opt to file tax levies and tax liens.
We will pull your tax transcripts, file and prepare your tax returns within days, even if you have lost your tax records. We have reconstructed thousands of back tax returns to get taxpayers the tax relief they need.
3. The IRS will requires a current financial statement. We will secure a required 433-A (IRS financial statement) or a 433F that will verify the income and expenses and work out a settlement agreement.
The IRS will require a closing settlement method for each case. This will take the case off of the CADE 2 enforcement computer.
4. Fresh Start Tax LLC will review with our clients how they want to settle their case.
We get our clients tax relief with a agreement based on their current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
Tax 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. This is also called an Economic Hardship. They are millions of cases right now in Hardship Status.
b. Payment Agreements.
Open IRS Collection 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. We can get your life back to normal.
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 or Exceptional 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.
Call us today and get experienced, honest and affordable IRS Tax Relief from the IRS or the State. 1-866-700-1040.
by Fresh Start Tax | Nov 3, 2012 | California Tax, IRS Representation, IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Offer in Compromise, Tax Settlements
IRS Tax Debt Settlement – Offer in Compromise – Former IRS Offer in Compromise Specialist
Fresh Start Tax – Joe Dimino and Michael D. Sullivan
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627 Costa Mesa, CA 92627 1- 866-700-1040
IRS accepts about 14,000 Offers in Compromise a year. 57,000 are submitted to the IRS.With the new Fresh Start Program instituted by the IRS we can expect many more offers being filed in the future. the program will help many struggling taxpayers.
A IRS Offer is sometimes called a IRS Tax Debt Settlement. As a Former IRS Agent and Teaching instructor with the IRS I use to teach the program to new Revenue Officers. Modesty speaking I am a true expert when it comes to IRS Tax Debt Settlements.
There are many companies that advertise “We can settling your case for pennies on a dollar.” While that statement is very true, I would caution any taxpayer to make sure the company you are dealing with is an experienced and trustworthy tax firm because our market is saturated with scam artists.
Check out BBB ratings and check on the person directly who will be handling your case.
My advice to the public is to have your offer pre-qualified before submitting your Offer in Compromise for a IRS Tax Debt Settlement.
Fresh Start Tax LLC will do just that.
Before we take dollar one, we will tell you whether you are a valid offer candidate before you spend a nickel.
Contact us today and hear the truth. We are A plus rated by the BBB.
What is an Offer in Compromise or a IRS Tax Debt Settlement
An offer in compromise is an agreement between a taxpayer/business and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
If the tax liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC. For information concerning tax payment options, including installment agreements call us today. 1-866-700-1040.
In most cases, the IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential. this is known as the RCP.
The RCP is how the IRS measures the taxpayer’s ability to pay. The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, IRA’s, pension plans and other property and assets of the taxpayer.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
The IRS may accept an OIC based on three grounds.
First.
Acceptance of an Offer is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists that the IRS has correctly determined the amount owed. you must have proof that the liability is incorrect.
Second.
An acceptance of an Offer is permitted if there is doubt that the amount owed is collectible. This means that doubt exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
Third.
An acceptance of an Offer is permitted based on effective tax administration.
An offer in compromise may be accepted based on effective tax administration when there is no doubt that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances. These are rare.
How do you calculate the Tax Settlement or the Offer
Calculating the Offer in Compromise
To determine the acceptable minimum offer amount, the IRS will look at the taxpayer’s income and available assets, and compare it to their monthly expenses and other secured debts; however, not all expenses qualify.
For example, non-secured debt, such as credit card debt, will not be taken into account when calculating your offer. The IRS imposes a cap on qualified expenses, such as housing and transportation costs, to limit the amount you can claim, even if your actual expenses are much greater. There is a National Standard IRS embraces.
The value of any assets the taxpayer currently has, such as a home, car, 401K, or checking account, will be automatically calculated into the minimum offer amount. Those taxpayer who have a valuation of assets exceeding their tax liability are not good candidates for an offer in compromise, since the IRS will deem the taxpayer capable of paying the entire liability. If your assets exceed the amount of tax you owe, you are wasting your time filing an offer in compromise.
This does not mean, however, that one should liquidate their assets prior to submitting an offer. The IRS may or will consider these recently sold assets to be dissipated assets which could and will have an adverse effect on the final offer amount.
What is a Dissipated Asset.
Dissipated assets are anything of value that you had and subsequently sold, which could have satisfied your tax liability.
An example.
The sale of a business or car could be a dissipated asset. If the proceeds from the sale were spent on something other than your tax liability, and are no longer available to you, the IRS may add the value of the dissipated assets to your minimum offer amount.Check with us if this is the case.
Dissipated assets and their treatment can be difficult for many taxpayers to understand. Treatment of assets is an important factor when the IRS determines the viability of an offer in compromise. Therefore, one mis-characterized asset, or one that is not accompanied by proper explanation can cause an offer in compromise to be rejected.
Call us today and find out if and how you can qualify for a settlement with the IRS.
Call 1-866-700-1040 for a no cost consultation.
by Fresh Start Tax | Oct 30, 2012 | Back Taxes, California Tax, IRS Payment Plans, IRS Representation, IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Tax Help
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Hire Former IRS Agents 1-866-700-1040
We are a professional tax firm with over 205 years of professional tax experience. We have over 60 years of direct working experience with the IRS in the local, district and regional offices of the IRS.
We taught Tax Law at the IRS.
We know the system so stop the worry NOW!
We can get you immediate tax relief, so stop your worry today and contact us for a no cost professional tax consult. 1-866-700-1040.
If you have back, late, unfiled or past due tax returns with or without records we can file your back tax returns. We will also settle your case with the Internal Revenue Service.
We are friendly, local and affordable.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
If you have a back tax issue it is best to resolve the issues before you force the hand of IRS to take enforcement action. Believe it or not the IRS does not want to levy or lien.
Because of a lack of response from the taxpayer, the IRS system and the CADE 2 computer automatically generates federal tax liens and federal tax levies.
We can stop the IRS usually with on telephone call from an experienced tax representative.
What IRS will request.
IRS will request all your tax returns to be filed. They will usually give us a 30 day window to prepare all tax returns. During that process the IRS will usually suspend all collection and enforcement action on your case. Liens and levies will usually not be filed.
A Decision to Make
If, on the unfiled tax returns you owe tax (married filing jointly), make a decision whether or not to include both husband and wife on the liability. Sometimes it is better to only have one party responsible for the tax. We will talk over this situation with both spouses so the IRS cannot tie up joint assets.
Payment Agreements to the IRS
If you owe less than $50,000, you can get a streamline agreement automatically. Just call us today, 1-866-700-1040. We will not require a financial statement and can usually close your case out within the week.
Beware of Pension Plans or IRA’s
If you have a pension, 401K or IRA, the IRS can or will ask if you can liquidate it to pay the taxes. Find out beforehand if you can liquidate.Find out the consequences of doing so. If you owe under $50,000 this will not apply to you.
Can you settle your case?
Find out whether you qualify for an Offer in Compromise. An OIC can suspend IRS collection action. IRS will look at your assets and your income to make a determination. If you complete a 433OIC we will review your case and tell your whether you qualify for a Offer in Compromise. If IRS accepts the Offer your tax lien will be released.
Be current with your taxes.
Make sure you are current for withholding or estimated payments in the current year of the tax problem. IRS will verify that you have enough withholding being taken out of your check so you do not incur more taxes. You can adjust your W-2 or your 1040 ES payments.
Four million taxpayers pay their taxes using an installment agreement. Find out the criteria for a payment agreement before you call the IRS. Do not call the IRS without first having a plan.
Call us today and get some of the best tax professionals in the business for affordable prices, 1-866-700-1040.
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Costa Mesa, Anaheim, Newport, Glendale, Orange, Long Beach, Fullerton, Luguna – IRS Experts
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 | California Tax, IRS Tax Problem, Tax Levy and Wage Garnishments, Tax Lien
IRS Levy, IRS Tax Lien, IRS Settlement Help
Do not be bullied by the IRS. Let Former IRS agents who know the system get you the tax relief you need, stop the worry now.
Get immediate and permanent IRS tax settlement relief. Do not be ripped off by other companies. Check out bio’s and BBB ratings. Deal with a true professional tax firm.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS. We taught Tax Law at the IRS.
The difference between a tax lien and a tax levy.
A federal IRS tax lien protects and secures the IRS rights to all of your property. The federal tax lien attaches to property you own when it is filed, and property you purchase later. A Federal Tax Lien most commonly impacts real estate.
It will and can also devastate your credit score.
The purpose of an IRS levy ( wage or bank ) is to seize your property. It is the number one collection tool used by the IRS.
An IRS levy is the same as a seizure or garnishment. The IRS can levy on your wages, bank accounts, sub-contractor pay, accounts receivable, even retirement accounts, yes 401K and pension plans.
The IRS can in certain circumstances seize your house, car or your business equipment. As a Former IRS agents this was my job so I know how to fight back.
If the IRS is going to or has filed a Federal Tax Levy call us today to get help.
Bank levies are held by the bank or financial institutions for a period of 21 days.
The funds in the accounts are frozen and not actually turned over to the IRS until the 22nd day. As a rule of thumb we can get tax levies released within that 21 day freeze period.
Wage Garnishment Levies are in effect each and every pay period. IRS will continue to garnish wages until the IRS is called and a IRS settlement plan gets put in effect.
A simple call from our office along with a documented IRS financial statement can get your case closed today.
Huntington, Lagana, Newport, Anaheim, Irvine, Corona – IRS Tax Experts
Having IRS Tax Problems?
Fresh Start Tax – Joe Dimino
Dimino Braunsen & Assoc.
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040