by Fresh Start Tax | Aug 22, 2012 | Income Tax Preparation, IRS Tax Advice, IRS Tax Experts
Former IRS Agents can definitely help and assist you to audit proof your tax return.
We have been preparing tax returns since 1982 and we are “A” rated by the BBB.
We have over 206 years of professional tax experience and over 60 years with the IRS.
We can save you money.
After preparing, reviewing and auditing thousands of tax returns it is easy to spot a tax return that will be earmarked for a IRS tax audit.
There is several keys a trained eye will look for.
The basic rule, does the tax return makes sense? IRS when auditing a tax return will review bank statements, cost of living, financial statements and of course the tax return itself, there should be a common link with the aforementioned.
If you would like former IRS Agents to prepare your tax return and give you your very best chance to audit proof your tax return, call us today. 1-866-700-1040.
Miscellaneous Deductions:
If you are able to itemize your deductions on your tax return instead of claiming the standard deduction, you may be able to claim certain miscellaneous deductions.
A tax deduction reduces the amount of your taxable income and generally reduces the amount of taxes you may have to pay.
Here are some things you should know about miscellaneous tax deductions:
Deductions are subject to the 2 Percent Limit.
You can deduct the amount of certain miscellaneous expenses that exceed 2 percent of your adjusted gross income. Deductions subject to the 2 percent limit include:
a. Unreimbursed employee expenses.
Such as searching for a new job in the same profession, certain work clothes and uniforms, work tools, union dues, and work-related travel and transportation.
Tax preparation fees.
Other expenses that you pay to:
1.Produce or collect taxable income,
2.Manage, conserve, or maintain property held to produce taxable income, or
3.Determine, contest, pay, or claim a refund of any tax.
Examples of other expenses include certain investment fees and expenses, some legal fees, hobby expenses that are not more than your hobby income and rental fees for a safe deposit box if it is not used to store jewelry and other personal effects.
Deductions Not Subject to the 2 Percent Limit.
The list of deductions not subject to the 2 percent limit of adjusted gross income includes:
1. Casualty and theft losses from income-producing property such as damage or theft of stocks, bonds, gold, silver, vacant lots, and works of art.
2. Gambling losses up to the amount of gambling winnings.
3. Impairment-related work expenses of persons with disabilities.
4. Losses from Ponzi-type investment schemes.
5. Qualified miscellaneous deductions are reported on Schedule A, Itemized Deductions.
Keep tax records of your miscellaneous deductions to make it easier for you to prepare your tax return when the filing season arrives.
Income Tax Preparation – Former IRS Agents – Audit Proof your TAX RETURN – Get the most out of Miscellaneous Deductions
by Fresh Start Tax | Jul 9, 2012 | Back Taxes, Income Tax Preparation, Representation, Tax Help, Tax Lawyer, Tax Returns, Tax Settlements
Back Tax Return – File Back Taxes – Former Local IRS Agents, Miami, Ft.Lauderdale, Palm Beaches – South Florida 954-492-0088
If you have back tax returns you need to file, let former IRS Agents worked on the local South Florida offices get you back in the system worry free.
We have over 60 years of direct work experience right here on the local South Florida IRS offices. We worked as agents, revenue officers, revenue agents and appeals agents.
All our work is done in-house and we are hired by several local South Florida tax professional offices to handle their IRS tax matters
We can file all your back tax returns and settle your case.
We were former Local IRS Agents and Managers, today and we know all the tax policies and settlement procedures.
Contact us today and speak directly to tax attorneys, CPAs, and former IRS agents about your back tax return or unfiled back taxes.
We can go over all the different tax options to help remedy or solve your back tax problem.
While at IRS in South Florida we taught Tax Law.
We can file your back tax return or back taxes and settle your case.
We can file all business and personal income tax returns.
We can file a power of attorney and you will never have to speak to the Internal Revenue Service.
Call us for a no cost professional tax consultation. 954-492-0088
We have over 60 years of direct work experience at the local South Florida IRS. We have been Agents, Managers and Teaching Instructors.
We have resolved several hundred tax cases right here in South Florida. We have been practicing tax resolution and representation of taxpayers right here in South Florida since 1982.
Has the IRS contacted you? Beware of the 6020B
Have you received a tax notice from the Internal Revenue Service asking to file a back tax return(s)?
The IRS can and will file your tax return is you do not respond to tax notices regarding filing back returns.
The IRS has the right to issue a bank levy or wage garnishment levy on back taxes if you do not answer their letters on a timely basis.
You must respond to IRS in a timely manner. IRS has the right to prepare your back tax returns under 6020B of the IRC Code. That means they can prepare your tax return and form a tax assessment against you.
6020B of the IRC – IRS can file your tax return
(1) If the taxpayer fails to file employment, excise and
partnership tax returns by the specified date the
return should be prepared under the authority of IRC
6020(b)
We can file all your back tax returns and settle your back taxes.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents.
We have prepared thousands of back taxes and tax returns since 1982.
Call us today.954-492-0088
Affordable and Assessable.
Back Tax Return – File Back Taxes – Former Local IRS Agents, Miami, Ft.Lauderdale, Palm Beaches, Keys – All South Florida
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 6, 2012 | FBAR, Income Tax Preparation, Tax Help, Tax Lawyer, Tax Returns
Have a late FBAR filing?
Call our tax firm for a no cost professional tax consultation. 1-866-700-1040
You can speak directly to a Tax Attorneys, Lawyers, CPAs or Former IRS Agents all who are IRS tax experts.
We have over 206 years of professional tax representation experience and over 60 years of working directly for the IRS. We taught Tax Law.
If you have a late filing of FBAR we can represent you before the IRS so you will never have to speak with the IRS.
We can work out a tax settlement ( offer in compromise ) and look to abate some of the penalties and interest should your filing result in tax.
FBAR is high gear the feds fully plan to make FBAR Reporting a high priority and a target within the IRS because of the success of the program.
Over 33,000 FBAR filers came forward producing $4.4 billion large.
When the Obama Health Care Plan was signed it allowed for the hiring of 15,000 new agents.
IRS has picked out premium targets and Expatiates and FBAR will be two on their high priority lists.
The first question taxpayers ask regarding FBAR is simply,
Who must file an FBAR?
Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.
The Reporting and Filing Information for FBAR
A person(s) who holds a foreign financial account may have a reporting obligation even though the account produces no taxable income.
Checking the appropriate block on FBAR – related federal tax return or information return questions (for example, on Schedule B of Form 1040, the “Other Information” section of Form 1041, Schedule B of Form 1065, and Schedule N of Form 1120) and filing the FBAR, satisfies the account holder’s reporting obligation.
The FBAR is not to be filed with the filer’s federal income tax return.
The granting by the IRS of a tax extension to file federal income tax returns does not extend the due date for filing an FBAR.
You may not request an extension for filing the FBAR.
The FBAR is an annual report and must be received by the Department of the Treasury in Detroit, MI, at one of the two addresses below, on or before June 30th of the year following the calendar year being reported.
File by mailing the FBAR to:
United States Department of the Treasury
P.O. Box 32621
Detroit, MI 48232-0621
If an express delivery service is required for a timely filed FBAR, address the parcel to:
IRS Enterprise Computing Center
ATTN: CTR Operations Mail Room, 4th Floor
985 Michigan Avenue
Detroit, MI 48226
Let us take the fear out of FBAR. Call today for a free tax consult. 1-866-700-1040
FBAR – Late Filing, Settlement, Reduce Penalties – Tax Attorneys, Former IRS – FBAR Tax Experts
by Fresh Start Tax | Jul 1, 2012 | Back Taxes, Income Tax Preparation, Representation, Tax Lawyer, Tax Returns
IRS Tax Representation for U.S. Citizens and Resident Aliens Living Abroad
We are “World Wide IRS Tax Experts comprised of Tax Attorneys, Former IRS Agents.
For United States Citizens and Resident Aliens Abroad
If you are a United States citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad.
Did you know that your world wide income is taxable?
If you are a U.S. citizen or resident alien residing overseas, or are in the military on duty outside the U.S., on the regular due date of your return, you are allowed an automatic 2-month extension to file your return and pay any amount due without requesting an extension.
We also can file any and all back tax years and unfiled tax returns.
Extension Period.
For a calendar year return, the automatic 2-month extension is to June 15.
If you are unable to file your return by the automatic 2-month extension date, you can request an additional extension to October 15 by filing Form 4868 before the automatic 2-month extension date. However, any tax due payments made after June 15 will be subject to both interest charges and failure to pay penalties.
Where to File
If you are a U.S. citizen or resident alien (Green Card Holder) and you live in a foreign country, mail your U.S. tax return to:
Department of the Treasury
Internal Revenue Service Center
Austin, TX 73301-0215
USA
Estimated tax payments should be mailed with form 1040-ES to:
Internal Revenue Service
P.O. Box 1300
Charlotte, NC 28201-1300
USA
The Tax Law.
1. Taxpayers with an AGI (Adjusted Gross Income) of $57,000 or less can electronically file their tax return for free using free file.
2. Taxpayers with an AGI greater than $57,000 can either use the Free File Fillable Forms or e file by purchasing commercial software. A limited number of companies provide software that can accommodate foreign addresses. To determine which will work best for you, get help choosing a software provider.
If you are looking for a Professional Tax Firm and for IRS tax Representation call us today for a no cost consult.
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
- International Tax Practice
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 FM Monthly Radio Show-Business Weekly
- International Tax Attorney/Lawyer
by Fresh Start Tax | Jun 29, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, IRS Tax Debt, Offer in Compromise, Representation, Tax Lawyer, Tax Returns, Tax Settlements
ExPats IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS 1-866-700-1040
We are a Professional Tax Firm specializing in World Wide Ex-Pat tax consultations, tax services, income tax preparation and IRS tax settlements.
We have been in practice since 1982 and are “A” rated by the BBB.
Skype available. Password freshstarttax.
We are staffed with Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents
Expats and everyone living abroad including those with FBAR issues, BEWARE.
Under Obama Care the IRS will be given over $500 million large to enforce compliance and collections of IRS Tax Laws and much of the budget is to aggressively go after International money.
The IRS will be carefully watching Expats because of the non compliance from ExPats.
IRS has found that many Expats not in filing compliance. IRS plans to change this starting next year.
The IRS report is specially targeting international money and IRS is setting Agent Groups up specializing in ExPat stuff.
This is not to scare you but just stating fact. If you are in compliance you do not need to worry or read the rest.
If you are having tax issues or you are in non compliance with the IRS and need to chat, hit us up for a free tax consult. We specialize in Expat Tax.
We have worked countless numbers of these cases.
Since we have worked for the IRS we know all the tax strategies and procedures related to the tax filings and tax settlements to get you through worry free.
Penalties for not filing.
Significant penalty imposed for not filing expatriation form
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854, Initial and Annual Expatriation Information Statement (PDF). Form 8854 must also be filed to comply with the annual information reporting requirements of Internal Revenue Code section 6039G, if the person is subject to tax under Section 877 of the Code.
A $10,000 penalty may be imposed for failure to file Form 8854 when required.
IRS is sending notices to expatriates that have not complied with the Form 8854 requirements, including the imposition of the $10,000 penalty where appropriate.
The Instructions for Form 8854 (PDF) provide details about the filing requirements, related definitions and line-by-line instructions for completing the form.
Failure to file or not including all the information required by the form or including incorrect information could lead to a large penalty and tax enforcement.
ExPats IRS Tax Consultants, Income Tax Prep, File, Tax Settlements, Offer in Compromise
We can help today. Call and speak directly to Tax Attorneys, Former IRS or CPA’s.
We are affordable, assessable and will tell your the truth. We can file all back tax returns with or without records through our tax reconstruction methods.
Expatriates IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS
