by steve | Aug 26, 2010 | IRS Tax Advice, Tax News
Fresh Start Tax is one of the leaders in the tax resolution industry that is licensed to practice in all 50 States. We are one the highest rated TAX FIRMS among the Better Business Bureau.
The firm is compromised of tax attorneys, CPA’S, former IRS Agents, Instructors, and former Managers.
The firm will give you honest, expert and affordable advise.
Fresh Start Tax want you to know if you have received a IRS Notice, do not panic, call 1-866-700-1040
Eight Things to Know If You Receive an IRS Notice:
Did you receive a notice from the IRS this year? Every year the IRS sends millions of letters and notices to taxpayers but that doesn’t?t mean you need to worry. Here are eight things every taxpayer should know about IRS notices ? just in case one shows up in your mailbox.
Don’t panic. Many of these letters can be dealt with simply and painlessly.
There are number of reasons the IRS sends notices to taxpayers. The notice may request payment of taxes, notify you of a change to your account or request additional information. The notice you receive normally covers a very specific issue about your account or tax return.
Each letter and notice offers specific instructions on what you need to do to satisfy the inquiry.
If you receive a correction notice, you should review the correspondence and compare it with the information on your return.
If you agree with the correction to your account, usually no reply is necessary unless a payment is due.
If you do not agree with the correction the IRS made, it is important that you respond as requested. Write to explain why you disagree. Include any documents and information you wish the IRS to consider, along with the bottom tear-off portion of the notice. Mail the information to the IRS address shown in the upper left-hand corner of the notice. Allow at least 30 days for a response.
Most correspondence can be handled without calling or visiting an IRS office. However, if you have questions, call the telephone number in the upper right-hand corner of the notice.
Have a copy of your tax return and the correspondence available when you call, to help us respond to your inquiry.
It’s important that you keep copies of any correspondence with your records.
If your case has complicated issues call or video conference us today. 1-866-700-1040 You will not be disappointed.
by steve | Aug 25, 2010 | IRS Tax Advice
Fresh Start Tax is a honest,affordable, professional tax resolution company that specializes in payroll tax audits with the Internal Revenue Service. 1-866-700-1040. We have the highest rating given to anyone in our industry by the Better Business Bureau. Check us out on the web www.freshstarttax or Skype us today at Fresh Start Tax. We are licensed in all 50 States.
Are staff is compromised of former IRS Agents, Managers and IRS instructors who taught other agents how to handle these cases. We know how to correct your situation as well. We also work out settlements with the IRS. We are the best!!!
Some tax tips from IRS and Fresh Start Tax
As a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether you need to withhold from your workers paychecks and what tax documents you need to file.
Here are seven things every business owner should know about hiring people as independent contractors versus hiring them as employees.
1. The IRS uses three characteristics to determine the relationship between businesses and workers:
Behavioral Control covers facts that show whether the business has a right to direct or control how the work is done through instructions, training or other means.
Financial Control covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker’s job.
Type of Relationship factor relates to how the workers and the business owner perceive their relationship.
2. If you have the right to control or direct not only what is to be done, but also how it is to be done, then your workers are most likely employees.
3. If you can direct or control only the result of the work done — and not the means and methods of accomplishing the result — then your workers are probably independent contractors.
4. Employers who misclassified workers as independent contractors can end up with substantial tax bills. Additionally, they can face penalties for failing to pay employment taxes and for failing to file required tax forms.
5. Workers can avoid higher tax bills and lost benefits if they know their proper status.
6. Both employers and workers can ask the IRS to make a determination on whether a specific individual is an independent contractor or an employee by filing a Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS.
7. You can learn more about the critical determination of a worker?s status as an Independent Contractor or Employee at IRS.gov by selecting the Small Business link. Additional resources include IRS Publication 15-A, Employer’s Supplemental Tax Guide, Publication 1779, Independent Contractor or Employee, and Publication 1976, Do You Qualify for Relief under Section 530? These publications and Form SS-8 are available on the IRS website or by calling the IRS at 800-829-3676 (800-TAX-FORM).
Call us today. 1-866-700-1040 www. Freshstarttax free video conferencing available
by steve | Aug 24, 2010 | IRS Tax Advice
Fresh Start Tax is one of the finest tax resolution companies in the business today. Call us today at 1-866-700-1040 or find us on the web at www.freshstarttax.com. We are also available for video conferencing as well.
Here are some free tax tips for you.
You may not be thinking about your tax return right now but maintaining good records now can make filing your return a lot easier and it will help you remember transactions you made during the year.
Here are a few things the IRS wants you to know about record keeping.
Keeping well-organized records also ensures you can answer questions if your return is selected for examination or prepare a response if you receive an IRS notice. In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, you should keep any and all documents that may have an impact on your federal tax return.
Individual taxpayers should usually keep the following records supporting items on their tax returns for at least three years:
Bills
Credit card and other receipts
Invoices
Mileage logs
Canceled, imaged or substitute checks or any other proof of payment
Any other records to support deductions or credits you claim on your return
You should normally keep records relating to property until at least three years after you sell or otherwise dispose of the property. Examples include:
A home purchase or improvement
Stocks and other investments
Individual Retirement Arrangement transactions
Rental property records
If you are a small business owner, you must keep all your employment tax records for at least four years after the tax becomes due or is paid, whichever is later. Examples of important documents business owners should keep Include:
Gross receipts: Cash register tapes, bank deposit slips, receipt books, invoices, credit card charge slips and Forms 1099-MISC
Proof of purchases: Canceled checks, cash register tape receipts, credit card sales slips and invoices
Expense documents: Canceled checks, cash register tapes, account statements, credit card sales slips, invoices and petty cash slips for small cash payments
Documents to verify your assets: Purchase and sales invoices, real estate closing statements and canceled checks
For more information about record keeping, check out IRS Publications 552, Record keeping for Individuals, 583, Starting a Business and Keeping Records, and Publication 463, Travel, Entertainment, Gift, and Car Expenses.
For tax return preparation call 1-866-700-1040 www.freshstarttax
by steve | Aug 23, 2010 | IRS Tax Advice
Fresh Start Tax is one of the finest Tax resolutions companies in the industry. If you are having a tax problem, call us today. 1-866-700-1040. Our firm is made up of former IRS Agents that can get you through any type of IRS situation you may encounter.
Our firm is honest, true tax experts,and very affordable. We have the highest rating the BBB gives to any company.
How to fix the problem:
If you are having issue with the IRS and your employer, hit us up today so we can help you resolve this tax problem.
Form W-2 and Form 1099?R (What to Do if Not Received)
If you do not receive your Form W-2 or Form 1099-R by January 31st , or your information is incorrect, contact your employer/payer.
If you do not receive the missing or corrected form by February 14th from your employer/payer, you may call the IRS at 800?829?1040 for assistance. You must provide your name, address (including zip code), phone number, Social Security Number, dates of employment, your employer/payer’s name, address (including zip code), and phone number. The IRS will contact the employer/payer for you and request the missing form. IRS will also send you a Form 4852 (PDF), Substitute for Form W-2 or Form 1099-R.
If you do not receive the missing form in sufficient time to file your tax return timely, you may use the Form 4852. If you receive the missing or corrected Form W-2 or Form 1099 after you file your return and a correction is needed, use Form 1040X (PDF), Amended U.S. Individual Income Tax Return. For additional information on filing an amended return, refer to Topic 308, Amended Returns.
Call us 1-866-700-1040 or check out our website, www.freshstarttax.com skype us : freshstarttax
by steve | Aug 21, 2010 | IRS Tax Advice
Fresh Start Tax 1-866-700-1040 is one of the finest tax resolution companies in the business for IRS problems. It is compromised of die-hard BASS FISHERMAN, Florida waters. Our staff has tax attorney’s,CPA’S, former IRS Agents and instructors as well as former IRS managers. We are a firm that prides itself in its honesty, professional, and expertise in all tax matters.We have the highest rating the Better Business Bureau gives to the industry. We are licensed to practice in all 50 States. You want to hire a fisherman!
If you are having problems with:
- unfiled tax returns, back taxes
- IRS Tax Audit
- IRS Collection problems or final notices sent to you
- Federal Tax Lien
- Federal tax levy on bank account or wages garnishment
- If you need a settlement or work out plan
Call the true tax professionals that are moral, ethical, fast and economical.You will not be disappointed.
Tips for Taxpayers Who Owe Money to the IRS
Did you end up owing taxes this year? The vast majority of Americans get a tax refund from the IRS each spring, but those who receive a bill may not know that the IRS has a number of ways for people to pay. Here are nine tips for taxpayers who owe money to the IRS.
If you get a bill this summer for late taxes, you are expected to promptly pay the tax owed including any penalties and interest. If you are unable to pay the amount due, it is often in your best interest to get a loan to pay the bill in full rather than to make installment payments to the IRS.
You can also pay the bill with your credit card. The interest rate on a credit card or bank loan may be lower than the combination of interest and penalties imposed by the Internal Revenue Code. To pay by credit card contact one of the following processing companies: Official Payments Corporation at 888-UPAY-TAX (also www.officialpayments.com/fed) or Link2Gov at 888-PAY-1040 (also www.pay1040.com) or RBS WorldPay, Inc at 888-9PAY-TAX (also www.payUSAtax.com).
You can pay the balance owed by electronic funds transfer, check, money order, cashier’s check or cash. To pay using electronic funds transfer you can take advantage of the Electronic Federal Tax Payment System by calling 800-555-4477 or online at www.eftps.gov.
If you want an installment agreement call Fresh Start Tax and let a former IRS Agent get the best possible deal for you. You must first file all returns that are required and be current with estimated tax payments.
If you owe $25,000 or less in combined tax, penalties and interest, you can request an installment agreement using the Online Payment Agreement application at IRS.gov.
You can also complete and mail an IRS Form 9465, Installment Agreement Request, along with your bill in the envelope that you have received from the IRS. The IRS will inform you usually within 30 days whether your request is approved, denied, or if additional information is needed. If the amount you owe is $25,000 or less, provide the highest monthly amount you can pay with your request.
You may still qualify for an installment agreement if you owe more than $25,000, but a Form 433F, Collection Information Statement, is required to be completed before an installment agreement can be considered. If your balance is over $25,000, consider your financial situation and propose the highest amount possible, as that is how the IRS will arrive at your payment amount based upon your financial information.
If an agreement is approved, a one-time user fee will be charged. The user fee for a new agreement is $105 or $52 for agreements where payments are deducted directly from your bank account. For eligible individuals with incomes at or below certain levels, a reduced fee of $43 will be charged.
Taxpayers who have a balance due, may want to consider changing their W-4, Employee’s Withholding Allowance Certificate, with their employer. There is a withholding calculator available on IRS.gov to help taxpayers determine the amount that should be withheld.
Should you have any question, call us at Fresh Start Tax 1-866-700-1040 www.freshstarttax.com
by steve | Aug 20, 2010 | IRS Tax Advice
We are huge NASCAR RACING FANS , we have our commercial racing license as well as being tax professionals. We are former IRS Agents.
If you need to file back tax returns call former IRS Agents who where managers, instructors and taught other IRS Agents the tips of the business.
Fresh Start Tax is one of the finest tax companies in the business and can be verified by the very best rating the Better Business Bureau gives to our industry. Our firm is compromised of :
Tax Attorneys, CPA’S, former IRS Agents and instructors as well as former IRS Managers.
We provide honest, expert and professional help. We are also fast, economical and can answer all your tax questions. We can also workout payments to the IRS if applicable.
Call us today 1-866-700-1040
Here are some tax tips for recently married:
Five Tax Tips for Recently Married Taxpayers
Are you getting married this summer? If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are five tips from the IRS for newlyweds to keep in mind.
Notify the Social Security Administration Report any name change to the Social Security Administration, so your name and Social Security Number will match when you file your next tax return. Informing the SSA of a name change is quite simple. File a Form SS-5, Application for a Social Security Card, at your local SSA office. The form is available on SSA?s website at www.socialsecurity.gov, by calling 800-772-1213 or at local offices.
Notify the IRS If you have a new address you should notify the IRS by sending Form 8822, Change of Address. You may download Form 8822 from IRS.gov or order it by calling 800?TAX?FORM (800?829?3676).
Notify the U.S.Postal Service You should also notify the U.S. Postal Service when you move so it can forward any IRS correspondence.
Notify Your Employer Report any name and address changes to your employer(s) to make sure you receive your Form W-2, Wage and Tax Statement, after the end of the year.
Check Your Withholding If both you and your spouse work, your combined income may place you in a higher tax bracket. You can use the IRS Withholding Calculator available on IRS.gov to assist you in determining the correct amount of withholding needed for your new filing status. The IRS Withholding Calculator will even provide you with a new Form W-4, Employee’s Withholding Allowance Certificate, you can print out and give to your employer so they can withhold the correct amount from your pay.
Call Fresh start Tax 1-866-700-1040 www.freshstarttax
