by Fresh Start Tax | Jul 12, 2012 | Expatriate Tax, Offshore Tax Problems, Tax Lawyer
Let us take away all the difficulty and help reduce all worries or fear. Call us for a free consultation. 1-866-700-1040.
We know the tax law and can save you money. We taught Tax Law at the IRS.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents and Managers.
We are Expatriate – Canadian specialists.
We have over 206 years of combined tax experience and over 60 years with the IRS in the local, district and regional offices of the Internal Revenue Service.
If you are experiencing an IRS tax difficulties we can take away all fear and anxiety. We know the tax systems and internal policies.
Ways to help reduce taxes in Canada as a resident of Canada working overseas:
1. Canadian Incorporated Company.
a. This will offer tax some benefits through income splitting and an average tax rate of less than 20%.
b. Dividends paid to directors are less than taxes on salaries.
2. Foreign Tax Credits.
Taxes that are paid elsewhere are deducted from Canadian Taxes. This can greatly reduce your tax obligation are tax debt.
3. Overseas Employment Tax Credit.
These tax credits can reduce your taxes if you are employed by a specified Canadian Company in the energy or engineering fields.
4. New Tax Procedures now in place for Canadian Registered Savings Plans
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 streamlined procedures will be made available to resolve low compliance risk situations even though this election was not made on a timely basis.
by Fresh Start Tax | Jul 11, 2012 | Back Taxes, Expatriate Tax, Offer in Compromise, Representation, Tax Lawyer, Tax Returns, Tax Settlements
If you are a Expatriate and need help in filing tax returns, filing back taxes or undergoing a IRS Tax Audit, call us for a no cost professional tax consultation. 1-866-700-1040.
We can take the fear and worry out of the IRS tax issue. As Former IRS Agents we know exactly hoe to minimize your IRS exposure.
We are comprised of Board Certificated Tax Attorney, Tax Lawyers, CPA’s and Former IRS agents and Manager.
We have worked for the IRS for over 60 years in both the field office, district and regional offices of the IRS including teaching Tax Law to all the new IRS agents.
We are aware of all the tax techniques, settlement provisions and tax policies that govern all areas of IRS audits, collection, appeals and expatriate cases.
Filing Current Tax Returns
There are many tax treaties in place with foreign countries and special tax laws in place that deal with income exclusions, tax credits and special rulings.Depending on the country where you reside we will analyze all the tax and revenue procedures so you pay the lowest amount allowed by law.
Back Taxes.
With the IRS modernizing their CADE computer system the IRS will be able to root out non filers by tracing their social security numbers that are now part of the matching program with foreign governments. With the IRS finding a wealth of tax dollars, some $4.4 billion overseas, IRS plan to ramp up full enforcement.
Tax Audits.
IRS has received $500 million dollars from the Federal Government to enforce the tax laws and tax compliance of all taxpayers. One of the targets IRS has announced it will work hard is the area of Expatriates. Special IRS Audit Groups are being formed within the IRS to target Expatriate Tax Audits.
Tax Settlements, Offers in Compromise.
Should you owe tax the good news it that the IRS has announced through the Fresh Start Program that IRS tax settlements are now much easier to settle.
Call us for full details on your individual case.
Expatriate Filing Tax Returns, Back Taxes & Tax Audits – Expat IRS Tax Experts – Attorneys, Former IRS – Expats Tax Problem Help
by Fresh Start Tax | Jul 11, 2012 | Expatriate Tax, Tax Lawyer, Tax Returns
We are a Expatriate Tax Experts. We are comprised of Board Certified Tax Attorneys, Tax Lawyers and Former IRS Agents and Managers.
We have over 60 years of direct work experience at the IRS in the local, district and regional offices of the IRS. We taught Tax Law at the IRS.
We true tax experts! We have over 206 years of total tax experience.
Many of the tax issues that arise with Expatriates are the non filing of tax returns and the filing of form 8854.
The following deals with the two major tax issues that the IRS is currently addressing.
If you have not filed a tax return.
Among the various new tax requirements contained in IRC 877 and 877A, individuals that renounced their U.S. citizenship or terminated their long-term resident status for tax purposes after June 3, 2004 are required to certify to the IRS that they have satisfied all federal tax requirements for the 5 years prior to expatriation. This is a must to file. The IRS will pursue non filers via the new tax software that is being updated in their system. IRS is building special groups within the Service to pursue Expats simply because of the large revenues that are brought in from Expats.
If all federal tax requirements have not been satisfied for the 5 years prior to expatriation, even if the individual does not meet the monetary thresholds in IRC 877 or 877A, the individual will be subject to the IRC 877 and 877A expatriation tax provisions.
Call our Expat Lawyers, Attorneys and Former IRS agents to go over you case for no cost.
Individual taxpayers that have expatriated should file all tax returns that are due, regardless of whether or not full payment can be made with the return. It is most important to file even though you do not have the money. IRS cannot come after you criminally if you file.
Depending on a taxpayers individual’s circumstances, a taxpayer filing late may qualify for a payment plan. Many taxpayers may also qualify for a full abatement of penalties if reasonable cause exists. Expat Lawyers who are skilled in tax law can many times remove all penalties and interest. It is important you find qualified Expat Lawyers and Attorneys who have IRS tax experience.
Payment Plans
You can qualify for a payment plan if you cannot pay the tax in full. All payment plans require continued compliance with all filing and payment responsibilities after the plan is approved.
IRS to send notices to Expats
IRS is starting to send tax notices to expatriates that have not complied with the Form 8854 requirements, including the imposition of the $10,000 penalty where appropriate. The IRS collected over $4.4 billion dollars in the last 3 years and it will continue to work and develop tax systems to aggressively collect monies from Expats.
We can file all your back tax returns, get penalties and interest abated should you qualify and work out a tax settlement.
EXPAT LAWYER – Former IRS, Tax Lawyers – Expatriates Experts, International & Global Tax Firm – Free Consultations
by Fresh Start Tax | Jul 8, 2012 | Expatriate Tax, FBAR
We are tax specialty firm. We are tax experts in Ex-Pat and FBAR Tax Law.
The United States has tax treaties with various countries including England – UK. Each tax treaty is extensive and it is best to have your case review by a professional who specializes in Ex-Pat representation.
Under the recent tax appropriations bill under Obama Care the IRS is to receive over $500 million dollars.
IRS has publicly stated that the Service plans to go after Ex-Pat and FBAR cases because of the sheer volume of tax dollars available to collect. In the last few years the IRS collected over $4 Billion.
Expatriation Tax Provisions
The expatriation tax provisions under Internal Revenue Code (IRC) sections 877 and 877A apply to US citizens who have renounced their citizenship and long-term residents (as defined in IRC 877(e)) who have ended their US resident status for federal tax purposes. Different rules apply according to the date upon which you expatriated.
Taxation Provisions for Resident Purposes
For resident for tax purposes if you are in the country for 183 days or more per tax year you may met the test.
Days of arrival and departure are usually ignored.
If you go and work abroad for more than one year, you must not be back in the United Kingdom for more than 91 days, on average, in any 365 day period, for the duration of your time abroad.
Expatriates can work abroad for more than one full tax year and they become non-resident for tax purposes in their home country.
This will allow the expatriate to enjoy a number of tax advantages.
Other items that we will review for all Ex-Pats
1. Long time visitors,
2. Ordinary residence,
3. Domiciles,
4. General Tax Adm.
5. Other tax policies related to the current residence particular to the taxpayer.
6. Fraud issues,
7. Non- reporting issues,
8. Possible FBAR violations
9. Payment Agreements,
10. Tax Debt Settlements.
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
- Expatriates Tax Representation
- FBAR Tax Representation
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 90.3 and REACH FM Monthly Radio Show-Business Weekly
ExPat – England UK – IRS Tax Help, Tax Representation – Tax Attorney, Former IRS
by Fresh Start Tax | Jul 6, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, Representation, Tax Lawyer, Tax Settlements
Expatriate Filing Back Taxes – IRS Tax Experts – Attorneys, CPA, Former IRS –
Do you need to file back, unfiled, delinquent, past due or late tax returns?
Call us today for a no cost professional tax consult and speak directly to a Former IRS agent, Tax Attorney or CPA. You will speak directly to a tax expert.
At most firms you speak directly to sales persons who size you up for a fee, with Fresh Start Tax L.L.C. you will be speaking directly to a tax professional who will answer your questions and prepare your tax returns if necessary.
Call us today to find out if you need to file a tax return. We call review your tax situation for free to see if you need to be concerned.
WE WILL GO OVER THE FOLLOWING QUESTIONS WITH YOU.
1.Who needs to file?
2.Do I need to file a State Return?
3.How do I report foreign bank accounts (FBAR)?
4.What is the story with Form 8938 (Statement of Foreign Financial Assets)?
5.What is the Foreign Earned Income Exclusion?
6. What is the Foreign Tax Credit?
7.What is the Foreign Housing Allowance?
8.How do I qualify as an expat?
9.Does being self-employed change tax obligations?
10.What about expat taxes for non-residents?
The expatriation tax provisions under Internal Revenue Code (IRC) sections 877 and 877A apply to US citizens who have renounced their citizenship and long-term residents (as defined in IRC 877(e)) who have ended their US resident status for federal tax purposes. Different rules apply according to the date upon which you expatriated.
by Fresh Start Tax | Jul 5, 2012 | Expatriate Tax, FBAR, Representation, Tax Lawyer, Tax Settlements
Expatriate or FBAR . We are a Professional Tax Representation Firm staffed with Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents. We are a specialized Tax Firm.
If you are seeking a professional tax firm that can reduce your tax debt call us today for a no cost professional tax review and consult. 1-866-700-1040
Knowing the Tax Laws can save you big money. Consider this, we taught Tax Law at the IRS as former IRS Agents.
At Fresh Start Tax L.L.C., we are comprised of Board Certified Tax Attorneys, Lawyers, CPA’s and Former IRS Agents that have over 205 years of professional tax experience.
We have over 60 years work experience in the audit, collection and IRS management.
We are a true experienced professional tax representation firm.
Save your money!
There are so many different opportunity’s for United States Expatriates to both save and avoid the double taxation through the use of tax exclusions. Some of these exclusions are:
1. Foreign Earned Income Exclusion.
2. Housing Exclusion,
3. Housing Deductions
4. Foreign Earned Income Tax Credits,
5. Foreign Tax Credits
What is a Foreign Source Income?
Generally foreign source income received by a nonresident alien is not subject to U.S. taxation.
United States Source Interest Income that is not connected with a United States trade or business is excluded from income if it is from:
1. Deposits (including certificates of deposit) with persons in the banking business,
2. Deposits or with sustentation accounts with mutual savings banks, cooperative banks,credit unions, domestic building and loan associations, and other savings institutions chartered and supervised as savings and loan or similar associations under federal or state law, if the interest paid or credited can be deducted by the association,
3. Amounts held by an insurance company under an agreement to pay interest on them,
4. Interest on obligations of a state or political subdivision, the District of Columbia, or a United States possession, generally is not included in income.
However interest on certain private activity bonds, arbitrage bonds, and certain bonds not in registered form is included in income, or U.S. source interest income that is not connected with a United States. trade or business and that is portfolio interest on obligations issued after July 18, 1984, is excluded from income. Check you with with your particular situation.
Should you have any questions regarding Expatriate Tax Laws, Tax Filings or FBAR requirements, call us today for a no cost professional tax consultation. 1-866-700-1040.
We can represent you in all your tax or IRS matters and offer winning tax solutions.
We also can file all back tax returns and settle your back taxes with an offer in compromise.
