IRS: Final Notice of Intent to Levy- Get Immediate Relief- Former IRS Agents- Certified Mail- Levy Notice Final Have Former IRS Agents stop the IRS TODAY, 1-866-700-1040.
IRS Letter, Bill, Notice of Intent to Levy or Lien – Immediate Tax Help Relief – IRS Tax Experts
Did you just get a letter from the IRS, a Final Notice of Intent to Levy? CP 504 or L 1058? The IRS, within the next 6 weeks, will follow this up with Enforced Collection Action.
The IRS will:
File a notice of Federal Tax Lien
Send a wage levy to your employer, 668W
Send a levy to your bank garnishing all your funds, 668A
Call Fresh Start Tax 1-866-700-1040 to get immediate relief. All of these notices are generated by computer. The IRS does all this through their Collection Process Computers.
The IRS just wants you to make a call and resolve your case. As long as you are current with your filings, we can make this happen in 24 hours and get your case closed. If not, we will file your taxes for you in order to move forward with your case.
We can usually get our clients placed in hardship or get an installment agreement. Offers in Compromise will be considered as well.
Client Education:
Most common question asked: ” I just got a Notice Number CP504. It says – “Urgent!! We intend to levy Certain Assets.” I don’t agree that I owe this amount. How can I appeal? Will that stop the levy action?
Fresh Start Tax answer: The IRS cannot levy with just this notice. They must first issue a formal Notice of Intent to Levy and that is the next step after this notice. You should call Fresh Start Tax to help you resolve this issue.
Fresh Start Tax question: I just received a Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320, Letter 3172. I don’t believe I owe this amount. What can I do?
Fresh Start Tax answer:. Refer to Publication 1660. The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing to discuss the lien filing.
You should request a CDP hearing if you feel the lien is inappropriate. Call us and we can help you through this process.
Fresh Start Tax question: I just received a Letter L-1058 or LT11 Final Notice Of Intent To Levy And Notice Of Your Right To A Hearing. I don’t believe I owe this amount. What can I do?
Fresh Start Tax answer: Refer to Publication 1660. The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing. You should request a CDP hearing if you feel the levy is inappropriate.
What Fresh Start Tax can do for you today:
have former IRS Agents, Manager and Instructors immediately start to resolve your tax problem,
immediately send a power of attorney to IRS so you will never have to contact the IRS. We know all the strategies!
make sure you are taken off the IRS” enforcement action computer system immediately”
adjust the tax liability to make sure you are paying the lowest amount possible
file any tax returns that need to be filed and bring you current with the IRS
settle the tax liability for the lower possible amount
make sure IRS never takes your tax refund
have the company with moral integrity, the highest BBB rating, fast, affordable, licensed in all 50 States, resolve your case.
So you made no income for a given tax year, is there a filing requirement, very simple answer: Question: If you have run a small business in the past, but this year there is no income or expenses, is it necessary to file a Schedule C? Answer: If your sole proprietorship business is inactive during the full year, it is not necessary to file a Form 1040, Schedule C (PDF), Profit or Loss from Business, for that year. Simple question, simple answer!!!
Are you looking for IRS Tax Amnesty? Let Fresh Start Tax 1-866-700-1040 help you permanently resolve your IRS issues so you never have to worry about this problem again.
We are former IRS Agents who worked the tax amnesty program or the correct name, the “Offer in Compromise Program” with the IRS. Not only did we work at the IRS, but were also former Managers and Instructors while there.
About our firm:
We are the best and guarantee to you the most honest and ethical care of your tax problem. We have the highest rating given by the Better Business Bureau. Check us out today. If we cannot help, we will not work your case. You should also know tax amnesty is called for IRS purposes the “Offer in Compromise” program.
For your information. Must Read.
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the 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 installment agreements, refer to Topic 202.
In most cases, the IRS will not accept an offer unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (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 and other property. In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses. Call us if you need help through this, 1-866-700-1040 The IRS may accept an OIC based on three grounds. First, acceptance 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. Second, acceptance 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, acceptance is permitted based on effective tax administration. An offer 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. In general, a taxpayer must submit a $150 application fee along with the Form 656. There are two exceptions to this requirement. First, no application fee is required if the offer is based on doubt as to liability. Second, the fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception. This means that the taxpayer’s total monthly income falls at or below 250 percent of the poverty guidelines published by the Department of Health and Human Services. If the total monthly income falls at or below the poverty guidelines, the taxpayer may submit a Form 656-A (PDF), Income Certification for Offer in Compromise Application Fee and Payment, instead of the $150 application fee. The Form 656 package contains a worksheet and the IRS OIC Low Income Guidelines table to assist taxpayers in determining whether they qualify for the low-income exception. The Form 656-A and the worksheet must be submitted with the Form 656. Taxpayers may choose to pay the offer amount in a lump sum or in installment payments. The tax law provides rules for “lump sum offers” and “periodic payment offers” submitted on or after July 16, 2006. A lump sum offer is defined as an offer payable in 5 or fewer installments. If a taxpayer submits a lump sum offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount. This payment is required in addition to the $150 application fee. The 20 percent amount is called “nonrefundable” because it cannot be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance. The 20 percent amount will be applied to the taxpayer’s tax liability. The taxpayer has a right to specify the particular tax liability to which the IRS will apply the 20 percent amount. The offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more installments. When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656. This payment is required in addition to the $150 application fee. This amount is nonrefundable, just like the 20 percent payment required for a lump sum offer. Also, while the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer. These amounts are also nonrefundable. These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied. Ordinarily, the statutory time within which the IRS may engage in collection activities is suspended during the period that the OIC is under consideration and is further suspended if the OIC is rejected by the IRS and the taxpayer appeals the rejection to the IRS Office of Appeals within 30 days from the date of the notice of rejection.
If the IRS accepts the taxpayer’s offer, the IRS expects that the taxpayer will have no further delinquencies and will fully comply with the tax laws. If the taxpayer does not abide by all the terms and conditions of the OIC, the IRS may determine that the OIC is in default. To avoid a default, the taxpayer must timely file all tax returns and timely pay all taxes for 5 years or until the offered amount is paid in full, whichever period is longer. When an OIC is declared to be in default, the agreement is no longer in effect and the IRS may then collect the amounts originally owed, plus interest and penalties. If the IRS rejects an OIC, then the taxpayer will be notified by mail. The letter will explain the reason that the IRS rejected the offer and will provide detailed instructions on how the taxpayer may appeal the decision to the IRS Office of Appeals. The appeal must be made within 30 days from the date of the letter. In some cases, an OIC is returned to the taxpayer, rather than rejected, because the taxpayer has not submitted necessary information, has filed for bankruptcy, has failed to include a required application fee or nonrefundable payment with the offer, or has failed to file tax returns or pay current tax liabilities while the offer is under consideration. A return is different from a rejection because there is no right to appeal the IRS’s decision to return the offer. IRS . gov has contributed to this writing. 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
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 ”
Is the IRS causing a hardship in your life? Have they levied your wages or your bank account? You may not be aware of this but the IRS has a program for individuals going through rough times. It is called, “Currently Not Collectable or Hardship.” Fresh Start Tax places hundreds of our clients in this status because their life situation has made it impossible to pay the IRS and it is causing a hardship in their life. Fresh Start Tax, 1-866-700-1040, is comprised of former IRS Agents who can get you the best results available. We have been doing this for the past 28 years and have 110 years of direct IRS experience. How this is accomplished: 1. The IRS will require a 433-F and you can find the form on our site. It is a financial statement that the IRS requires so they can make an accurate decision on your hardship. You will need to provide all supporting documents to everything you list on the statement. You must prove to the IRS your current wages and expenses. 2. The IRS will then require that all your tax returns are current. They will not work your case until all tax returns are up to date. 3. Fresh Start Tax will call on your behalf to start the hardship process. We can get results within the week that you call. We are the best! So if you cannot pay the IRS and they took your pay, call us today.
What Fresh Start Tax can do for you today:
Have former IRS Agents/Managers start to resolve your tax problem immediately
Send a power of attorney to the IRS so you will never have to contact them on your own. We know all the strategies!
Make sure you are taken off the IRS enforcement action computer system immediately
Adjust the tax liability to make sure you are paying the lowest amount possible
File any tax returns that need to be filed and bring you current with the IRS
Settle the tax liability for the lowest possible amount
Make sure the IRS never takes your tax refund
Have the company with moral integrity, the highest BBB rating, fast, affordable and licensed in all 50 States, resolve your case.
Rules regarding lease payments and tax deductions. Question: If you lease a vehicle, can you deduct the cost of the lease payments plus the standard mileage rate? Answer: If you lease a car you use in business, you may use either:
Use the standard mileage rate. If you choose this method then you must use the standard mileage rate method for the entire period (including renewals).
Or claim actual expenses, which would include lease payments. If you choose this method, only the business-related portion of the lease payment is deductible. This deduction is reduced by an income inclusion amount.
Question: How do I know if I have to file quarterly individual estimated tax payments? Answer: You must make estimated tax payments for the current tax year if both of the following apply:
You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits.
You expect your withholding and credits to be less than the smaller of:
90% of the tax to be shown on your current year’s tax return, or
100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.)
There are special rules for:
Certain small business taxpayers for periods beginning 2009
Certain taxpayers with higher adjusted gross income
Farmers and commercial fishermen
Aliens
Estates and Trusts
For additional information see IRS publications
* Publication 505, Tax Withholding and Estimated Tax
* Form 1040-ES (PDF), Estimated Tax for Individuals
Fresh Start Tax is comprised of Former IRS Agents, Managers and Instructors. The staff also includes CPA’s, tax attorneys and former Managers with the Department of Revenue. Our company are experts in the field of tax and tax resolution. We are licensed to practice in all 50 States. We are fast, affordable and put a premium on communication with our client. Our firm has the highest rating given out by the Better Business Bureau. We have a combined 140 years Federal and State experience.
