by Fresh Start Tax | Jul 10, 2012 | Florida Sales Tax, Installment Agreements, IRS Tax Debt, IRS Tax Problem, Tax Help
Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, 954-492-0088
Who better to call than former IRS agents who worked out of the local IRS South Florida offices. we worked as agents, managers, instructors, and former IRS appellate agents.
We know all of the tax laws and settlement procedures if you need help with an IRS tax debt. We taught the policies to the new IRS agents as former IRS instructors.
Are you looking for immediate tax relief for “Help with a Tax Debt” ?
We are Former IRS Agents and Managers who worked out of the local South Florida IRS offices for over 60 years. We taught Tax Law at the IRS. We know the system.
We have worked in the collections, audit, and in the appeals functions with the local IRS.
We have a combined 205 years of professional tax experience.
If you retain us you will never speak to the IRS. Stop the worry about your tax debt today.
If you are currently experiencing a tax debt and need immediate tax help call us today for a no cost professional tax consult. 954-492-0088.
We can fully resolve your tax debt.
The IRS handles all tax debts the same way. There are usually 3 solutions to resolve your tax debt.
IRS will either resolve your case or tax debt with an:
1. Offer in Compromise or a filing of a tax debt settlement.
2. A payment or installment agreement,
3. Putting your case in currently non collectable or hardship.
IRS will determine the status of your case by reviewing your current financial statement which IRS will require.
You will need to fill out and complete IRS form 433A or 433 F with full documentation.
IRS will then discuss tax settlement for your situation or tax debt.
We can represent you before the IRS, settle and negotiate your case for the lowest amount allowed by federal law.
On cases that have current bank or wage levies we can get you immediate tax relief.
We will also file all back tax returns.
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Need Help with a Tax Debt – Former IRS Agents – Settlements, Negotiations, Immediate Tax Relief – Miami, Ft.Lauderdale, West Palm
by Fresh Start Tax | Jul 5, 2012 | FBAR, IRS Tax Debt, Tax Lawyer
Expatriate Professional Tax Services. We are comprised of Tax Attorneys, CPAs, Former IRS Agents with over 205 years of total professional tax experience and over 60 years of direct work experience at the IRS in the local, district and regional tax office.
We taught Tax Law at the IRS. We are true professional tax experts.
Our firm handles all of tax compliance with our unparalleled tax knowledge of international tax regulations and understanding of the needs of United States citizens living abroad. We offer a full range of professional tax service for all your accounting and IRS needs including tax planning.
Call us today for a no cost professional tax consult. 1-866-700-1040.
Tax Tip regarding Form 8854 – the importance of the filing of this form
What to do if you have not filed a Form 8854?
individual taxpayer(s) that renounced their United States citizenship or terminated their long-term resident status for tax purposes on or before June 3, 2004 must file a Form 8854 to comply with the notification requirements under IRC 877 and 877A.
Furthermore, pursuant to IRC 7701(n), until such individuals both files a Form 8854 with the IRS and notifies either the Department of State or of Homeland Security of their expatriation or termination of long-term resident status for tax purposes, such individuals will continue to be treated as if they were still United States citizens or residents for tax purposes.
With the new modernization program under the new health care program and the hiring of new agents, we can expect to see a huge crack down in this area.
Also, for individuals that expatriated after June 3, 2004, IRC 6039G requires annual information reporting for each taxable year during which such an individual is subject to the rules of IRC 877.
The annual Form 8854 is due on the date that the individual’s U.S. income tax return for the taxable year is due or would be due if such a return were required to be filed.
Ex-Pat – Professional Tax Services – Attorneys, Tax Lawyer , CPAs, Former IRS – Expat Tax Experts- Call for a no cost professional tax consult. 1-866-700-1040.
We also specialize in the filing of back tax returns and tax settlements.
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
by Fresh Start Tax | Jun 28, 2012 | FBAR, IRS Tax Debt, Representation, Tax Lawyer, Tax Returns, Tax Settlements
FBAR – Tax Lawyers – File and Settle – IRS Tax & FBAR Experts
Take the fear out of FBAR.
We are a professional tax firm specializing in FBAR tax filings and tax negotiations. We are compromised of Board Certified Tax Lawyers, Tax Attorneys, CPA’s and Former IRS Agents who where both teaching instructors and former IRS managers when employed by the IRS. We have a combined 60 years who experience at the IRS.
We also taught Tax Law while employed by the IRS.
Our firm specializes in the filing, negotiation and tax debt settlements of World Wide FBAR cases.
The IRS viewpoint on FBAR
The Internal Revenue Service is starting ramp up enforcement of there International Tax Program and the latest goldmine for the feds is found in the FBAR filings and payment.
To date the IRS has found over $5 billion Dollars in collectables. With that type of money on the table the IRS is not going to quit. This makes the IRS look good!
As a matter of fact the IRS is dedicating much of there millions in enforcement budget specifically to this FBAR project.
After speaking to several IRS agents, the management of the IRS is going to “make FBAR headlines with there enforcement”. They want to scare taxpayers to death.
What hangs over the head of many of the taxpayers is the fear of going to jail and this is huge. It makes people jump and scares them into tax compliance. And, it has worked!
Who Must File an FBAR
United States persons are required to file an FBAR if:
The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.
United States person means United States citizens; United States residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.
Exceptions to the Reporting Requirement
Exceptions to the FBAR reporting requirements can be found in the FBAR instructions.
There are filing exceptions for the following United States persons or foreign financial accounts:
1.Certain foreign financial accounts jointly owned by spouses;
2.United States persons included in a consolidated FBAR;
3.Correspondent/nostro accounts;
4.Foreign financial accounts owned by a governmental entity;
5. Foreign financial accounts owned by an international financial institution;
6.IRA owners and beneficiaries;
7.Participants in and beneficiaries of tax-qualified retirement plans;
8.Certain individuals with signature authority over but no financial interest in a foreign financial account;
9.Trust beneficiaries; and
10.Foreign financial accounts maintained on a United States military banking facility.
If you are looking to have true FBAR experts handle your case call us today for a no cost consult. 1-866-700-1040.
You will speak directly to a Tax Lawyer, Tax Attorney, CPA or a Former IRS Agents.
by Fresh Start Tax | Jun 20, 2012 | Back Taxes, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer
With the new Fresh Start Program offered by the Internal Revenue Service the IRS will find itself flooded with hoards of new offers in compromise also called tax debt settlements so taxpayers can reduce and settle their tax debt with the IRS.
This new program will offer literally thousands of taxpayers a way out that was never afforded to them before.
The old program offered little in the way of a tax settlement. About 15,000 thousand cases were accepted each year out of the 55,000 offers in compromise filed.
I would expect that number of offers in compromise to triple this year. IRS will not have the manpower to keep up with the demand of the new offer in compromise settlements.
The main components of the new Offer in Compromise
The IRS looks at two major aspects;
1.Income and
2. Assets, they care little on your debt situation. Some rules have loosen and each case is based on it own merit.
IRS will investigate four major issues to accept your offer in compromise
The four components of collectibility:
1.net equity in assets,
2.present and future income,
3.amounts collectible from third parties,
4. and amounts available to the taxpayer but beyond the reach of the IRS)
IRS will determine the total asset value of all assets and what is called reasonable collection potential in regards to your present income.IRS adds the two together and comes up with a settlement proposal.
After the IRS reviews your 433 OIC and your 656 the IRS will assign a detailed evaluation of the case and send to you a proposed settlement based on the offer in compromise you turned in along with the financial statement that you provided.
You can have former IRS agents and managers pre-qualify your offer in compromise or your tax debt settlement.
We will provide a free analysis so your do not get ripped off by other tax resolution companies.
You will have Former IRS Agents who were offer in compromise specialists give you a detailed review of the your offer in compromise before it is sent in.
Get free advice on your tax debt settlement.
Call us today for free tax consult. 1-866-700-1040
by Fresh Start Tax | Jun 19, 2012 | Back Taxes, Expatriate Tax, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Representation, Tax Help, Tax Lawyer, Tax Returns, Tax Settlements
If you are a Ex-Pat and have late, past due, back or unfiled tax returns contact us today for a free tax consultation to completely resolve your tax problem.
We can get you back in the system worry free.
Being Former IRS Agents and Managers we know the system because we were former IRS teaching Agents. We know all the tax procedures and protocols.
We have on staff CPA’s and Tax Attorneys to help deal with any and all tax situations.
We have successfully filed and prepared thousands of back, late, unfiled, past due tax returns.
We will handle all IRS negotiations so you will never be bothered with the IRS.
Should you owe any back taxes we can work out tax settlements called offers in compromise so you will not be effected in any way with the tax debt.
Call us for a free tax consult and speak directly to a tax professional.
Filing Dates for tax Returns:
March 15th Form 1120 and 1120S – Due date for US Corporations and Sub-chapter S corporation unless extended with tax Form 7004.
March 15th – Due date of Form 3520A for foreign trusts
April 15th- Due date for payment of any taxes due for previous calendar year (though if you are living abroad on 4/15 your tax return gets an automatic extension until 6/15)
April 15th Due Date – Form 1040 ES – No 1 pay current years first installment of quarterly income and self employment taxes to avoid penalties.
June 15th Form 1040 ES – No 2 pay current years second installment of quarterly income and self employment taxes to avoid penalties.
June 15th Due date- Expatriate tax return (for expatriate living abroad on 4/15) or time to file for an extension on Form 4868
June 30 Form TDF 90-22.1 US Treasury Form Report of Foreign Bank Accounts Due Date.
July 30th Due date – Self Administered Pension Plan and 401K Tax Return From 5500 or 5500EZ
September 15th Form 1040 Due Date – ES – No 3 pay current years third installment of quarterly income and self employment taxes to avoid penalties.
September 15th Extended Due Date – U.S. Corporation Returns 1120 and 1120S
October 15th Final Expat Form 1040
January 15th Form 1040 ES – No 3 pay past calendar years fourth installment of quarterly income and self employment taxes to avoid penalties.
If you have penalties and interest that need to be addressed call us today to remove penalties and interest for reasonable cause.
