by steve | Dec 14, 2010 | IRS Tax Advice
Fresh Start Tax 954-492-0088 1-866-700-1040 A Local South Florida Tax Firm Former IRS Agents, Managers
Former IRS Tax Audit Manager and Supervisor.
110 years of direct tax experience. 60 years working out of the local South Florida IRS Offices.
Tax Appeals
The IRS has an appeals system for people who do not agree with the results of an examination of their tax returns or with other adjustments to their tax liability.
The IRS will send you a report and/or letter that explains the proposed adjustments. The letter also tells you of your right to request a conference with an Appeals officer, as well as how to make your request for a conference. In addition to examinations, many other things can be appealed such as penalties, interest, trust fund recovery penalties, offers in compromise, liens, and levies. If you request an Appeals conference, be prepared with records and documentation to support your position.
Appeals conferences are informal meetings. You may represent yourself or have an attorney, accountant, or an individual enrolled to practice before the IRS, represent you. If you do not reach agreement with the Appeals or Settlement Officer, or you do not wish to appeal within the IRS, you may appeal certain actions through the courts.
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A “
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
by steve | Dec 14, 2010 | IRS Tax Advice
Fresh Start Tax -1-866-700-1040 A Professional Tax Firm Audit proof your tax return
Information our clients need to know about tip income. Call us if you are having tax issue.
IRS TIP Info:
Employees who receive tips of $20 or more in a calendar month while working for you, are required to report to you the total amount of tips they receive. They must give you written reports by the tenth of the following month. Employees who receive tips of less than $20 in a calendar month are not required to report their tips to you.
Employees must report to you cash tips received directly from customers, tips from other employees, and tips customers charge to their bills. Service charges added to a bill and paid to your employees are not considered tips for tax reporting purposes. These service charges constitute wages for purposes of social security, Medicare, and income taxes.
When you receive the tip report from your employee, use it to figure the amount of social security, Medicare, and income taxes to withhold for the pay period on both wages and reported tips. You are responsible for paying the employer’s portion of the social security and Medicare taxes. You must collect the employee’s portion of the social security and Medicare taxes and the income taxes. You can collect these taxes from the employee’s wages or from other funds the employee gives you up to the close of the calendar year. If you don’t have enough money from the employee’s wages and other funds, apply the amounts available in the following order. First, withhold all taxes due on regular wages. Second, withhold social security and Medicare taxes due on reported tips. Finally withhold any federal, state or local income taxes on reported tips. You can withhold any remaining unpaid taxes from the employee’s next paycheck. If you cannot collect all of the employee’s social security and Medicare taxes on tips, show the uncollected amount in the appropriate box on the employee’s Form W-2, Wage and Tax Statement. Also, show the uncollected amount as an adjustment on your employment tax return (e.g., Form 941 (PDF), Employer’s Quarterly Federal Tax Return).
When preparing your employee’s Form W-2, include wages, tips and other compensation in the box labeled “Wages, tips, other compensation”. Include Medicare wages and tips, and social security tips in their appropriate boxes.
When figuring your liability for federal unemployment tax, add the reported tips to your employee’s wages.
If you operate a large food or beverage establishment where tipping is customary, and food or beverage is provided for consumption on the premises, and you normally employ more than ten people who work more than 80 hours on a typical business day, you must file Form 8027 (PDF), Employer’s Annual Information Return of Tip Income and Allocated Tips, for each calendar year. If you have more than one food or beverage establishment, you must file a separate Form 8027 for each. Form 8027 is due on the last day of February of the next year (or March 31st if you are filing electronically).
If the total tips reported by all employees are less than 8 percent of your gross receipts (unless a lower rate has been approved by the IRS), you must allocate the difference among the employees who received tips. The allocation may be based on each employee’s share of gross receipts or share of total hours worked, or on a written agreement between you and your employees. Show the amount allocated in the box labeled, “Allocated Tips”, of the employee’s Form W-2. Do not withhold income, social security or Medicare taxes on allocated tips.
If you are required to allocate tips, your employees must continue to report all tips to you, and you must use the amounts they report to figure payroll taxes.
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A ”
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
by steve | Dec 14, 2010 | IRS Tax Advice
Have former IRS agents and managers provide your best possible tax defense. Since 1982, Affordable
If IRS is trying to hold you responsible for a trust fund penalty, fight back today.
Do not let this happen. We can fight this or appeal this proceeding today. We are former IRS agents who have worked thousands of these cases. We know all the tax strategies.
Letter 1153 – Trust Funds Recovery Penalty Letter
This letter explains that the IRS’s efforts to collect the federal employment or excise taxes due from the business named on the letter have not resulted in full payment of the liability.
Therefore, the IRS proposes to assess a penalty against you.
If you agree with this penalty for each tax period shown, you are asked to sign Part 1 of the enclosed Form 2751 and return it to the person/office that sent you the letter.
If you do not agree you can submit a request for appeal/protest to the office/individual that sent you the letter.
The letter or referenced publications explain how you file a protest. You need to file your protest within 60 days from the date of the letter in order to appeal this decision with the Office of Appeals.
Fresh Start Tax is one of the premier tax resolutions firms in the country.
We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service.
We know all the IRS strategies. Some of our many specialties include the following:
- Immediate Tax Representation
- Offers in Compromise/Settlements
- Back Tax Relief
- Bank Garnishments or Tax Levies
- Wages Garnishments or Levies
- IRS Notices of Intent to Levy or Final Notices
- IRS Tax Audits
- Hardships Cases, Payment Plans
- Innocent Spouse
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Trust Fund Penalty Cases/ 6672
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A “
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
by steve | Dec 14, 2010 | IRS Tax Advice
Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Rated by the BBB
Few people know that the IRS can levy on Canadian Income Tax. We can get those levy releases faster than any tax firm.
In 1994 a Treaty between the United States and Canada made it possible for the United States to levy on Canadian citizens living and earning money in the U.S.
These are amounts due and owing to the Government of Canada and is being collected on behalf of Canada in accordance with Article XXVIA of the UNA-Canada income tax convention and applicable laws of the United States of America.
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies. Some of our many specialties include the following:
- Immediate Tax Representation
- Offers in Compromise/Settlements
- Back Tax Relief
- Bank Garnishments or Tax Levies
- Wages Garnishments or Levies
- IRS Notices of Intent to Levy or Final Notices
- IRS Tax Audits
- Hardships Cases, Payment Plans
- Innocent Spouse
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Trust Fund Penalty Cases/ 6672
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A ”
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
by steve | Dec 14, 2010 | IRS Tax Advice
Fresh Start Tax 1-866-700-1040 ‘A” Rated by the BBB A Professional Tax Firm
If you are looking for a professional tax firm call us today. We have over 110 years of direct IRS Tax experience. We handle all IRS Tax Matters, Our firm specializes in IRS issues.
We have former IRS Agents, Managers and Instructors. We have 60 years of direct IRS Florida work experience.
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies. Some of our many specialties include the following:
- Immediate Tax Representation
- Offers in Compromise/Settlements
- Back Tax Relief
- Bank Garnishments or Tax Levies
- Wages Garnishments or Levies
- IRS Notices of Intent to Levy or Final Notices
- IRS Tax Audits
- Hardships Cases, Payment Plans
- Innocent Spouse
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Trust Fund Penalty Cases/ 6672
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A ”
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
by steve | Dec 14, 2010 | IRS Tax Advice
Question: I have a small business. Who is required to file Forms W-2 electronically?
Answer Any person including a corporation, partnership, individual, estate, and trusts who is required to file 250 or more information returns ( Form 1042-S (PDF), Form 1099, Form 1098 (PDF), Form 5498 (PDF), Form 8027 (PDF), Form 8851 (PDF), Form W-2 (PDF), or Form W-2G (PDF)), for any calendar year must file these returns electronically.
The 250-or-more requirement applies separately to each type of form.
You can request a waiver Form 8508(PDF), from the electronic filing requirement, if such filing would create an undue hardship. You must submit this request at least 45 days for more than 1 tax year at a time.
