by Fresh Start Tax | Oct 30, 2012 | Back Taxes, California Tax, IRS Payment Plans, IRS Representation, IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Tax Help
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Hire Former IRS Agents 1-866-700-1040
We are a professional tax firm with over 205 years of professional tax experience. We have over 60 years of direct working experience with the IRS in the local, district and regional offices of the IRS.
We taught Tax Law at the IRS.
We know the system so stop the worry NOW!
We can get you immediate tax relief, so stop your worry today and contact us for a no cost professional tax consult. 1-866-700-1040.
If you have back, late, unfiled or past due tax returns with or without records we can file your back tax returns. We will also settle your case with the Internal Revenue Service.
We are friendly, local and affordable.
Fresh Start Tax LLC
1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
If you have a back tax issue it is best to resolve the issues before you force the hand of IRS to take enforcement action. Believe it or not the IRS does not want to levy or lien.
Because of a lack of response from the taxpayer, the IRS system and the CADE 2 computer automatically generates federal tax liens and federal tax levies.
We can stop the IRS usually with on telephone call from an experienced tax representative.
What IRS will request.
IRS will request all your tax returns to be filed. They will usually give us a 30 day window to prepare all tax returns. During that process the IRS will usually suspend all collection and enforcement action on your case. Liens and levies will usually not be filed.
A Decision to Make
If, on the unfiled tax returns you owe tax (married filing jointly), make a decision whether or not to include both husband and wife on the liability. Sometimes it is better to only have one party responsible for the tax. We will talk over this situation with both spouses so the IRS cannot tie up joint assets.
Payment Agreements to the IRS
If you owe less than $50,000, you can get a streamline agreement automatically. Just call us today, 1-866-700-1040. We will not require a financial statement and can usually close your case out within the week.
Beware of Pension Plans or IRA’s
If you have a pension, 401K or IRA, the IRS can or will ask if you can liquidate it to pay the taxes. Find out beforehand if you can liquidate.Find out the consequences of doing so. If you owe under $50,000 this will not apply to you.
Can you settle your case?
Find out whether you qualify for an Offer in Compromise. An OIC can suspend IRS collection action. IRS will look at your assets and your income to make a determination. If you complete a 433OIC we will review your case and tell your whether you qualify for a Offer in Compromise. If IRS accepts the Offer your tax lien will be released.
Be current with your taxes.
Make sure you are current for withholding or estimated payments in the current year of the tax problem. IRS will verify that you have enough withholding being taken out of your check so you do not incur more taxes. You can adjust your W-2 or your 1040 ES payments.
Four million taxpayers pay their taxes using an installment agreement. Find out the criteria for a payment agreement before you call the IRS. Do not call the IRS without first having a plan.
Call us today and get some of the best tax professionals in the business for affordable prices, 1-866-700-1040.
Back Tax Relief – Late, Unfiled, Past Due Tax Returns – Costa Mesa, Anaheim, Newport, Glendale, Orange, Long Beach, Fullerton, Luguna – IRS Experts
by Fresh Start Tax | Oct 27, 2012 | IRS Notice or Letter, IRS Tax Advice, IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Tax Help
IRS Tax Resolution Expert – Michael D. Sullivan – Former IRS Agent – Fresh Start Tax LLC, Since 1982, A plus Rated BBB
There are may excellent tax resolution specialists in the market today. Many are excellent in there craft, knowledge and experience.
One of the advantages of Fresh Start Tax LLC is the wide range of IRS tax experts and specialists on staff. We are a true IRS tax resolution firm and that is all we do.
From Tax Attorneys, Tax Lawyers, CPA’s and Former IRS agents, managers and instructors we have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices.
Mr. Sullivan pictured above is a Former IRS agent and teaching instructor.
We also taught Tax Law at the IRS.
We offer free tax consultation 1-866-700-1040 or call us at 1-866-700-1040.
We are friendly and affordable.
With our A plus rating by the BBB, we are without complaint with impeccable credentials.
Areas of Professional Tax Practice:
- Same Day IRS or State Tax Representation
- Offers in Compromise or IRS Tax Debt Relief Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Levy Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS or State Tax Audits
- IRS Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements, Structured payment agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases, all States
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns, Past due
- Tax Return Reconstruction if Tax Records are lost or destroyed
- FBAR and Expat Specialists
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 plus”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States, Federal and State Issues
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE Net Radio.com & WAYI FM – Monthly Radio Show-Business Weekly
by Fresh Start Tax | Oct 19, 2012 | IRS Tax Debt, IRS Tax Experts, IRS Tax Problem, Offer in Compromise, Representation, Tax Problem Help, Tax Settlements
IRS Offer – Settle with the IRS – Former IRS Settlement Agent – Revenue Officer – Debt Settlement Tax Relief
You cannot do any better than having a Former IRS Agent Settle your back tax debt. When I was employed with the Internal Revenue Service I taught the Offer in Compromise or the Tax Debt Settlement Program to new IRS agents. I/We worked out of the local, district and regional offices.
I have worked hundreds and hundreds of Offers in Compromise. I am a true expert in regard to the OIC Settlement program.
IRS Settlement History
Over the past years IRS has been accepting more Offers i n Compromise. Historically the IRS accepts around 25% of all offers in compromise with the number inching up over the past 3 years. IRS accepted 27% of all offers last year. IRS receives around 55,000 OIC a year.
With the new Fresh Start Program I expect to see that number skyrocket to numbers of offers filed that have never been seen before. I do not honestly believe IRS has the manpower to work the numbers of cases that will be coming into to the fold.
IRS will reject Offers at the drop of a hat.
IRS is basically lazy. The truth be told they hate to work this program and since Offers are long investigations their first instinct is to say ” no” because it is just to much work. To work through the entire case can take an Agent up to 25 hours.I should know, I worked there and I know there mentality.
Offers needs to be filled out correctly and accurately to have a chance of being accepted. The reason most offers are rejected is simply because the Offer is not correctly filled out. The offer is a legal contract and therefore the letter of the law must be complied with.
This is the reason it is best to have a professional tax firm complete your offer. My guess is that about 90% of all offers approved are filed by professional tax firms, at least that is the inside word I get.
Fresh Start Tax LLC is A plus rated and will tell you the truth regarding your case. 1-866-700-1040.
The Bottom Line.
Engage a professional tax firm for this process. Most solid firms will never file a offer unless it has a chance to get through. Our firm offers a free analysis of your case before taking any money from you. Take of advantage of our experience.
What is a Offer in Compromise or Settling your tax debt?
An offer in compromise is a legal agreement between a taxpayer and the Internal Revenue Service ( IRS ) that settles the taxpayer’s ( business ) tax liabilities for less than the full amount of taxes owed.
If the tax liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for an OIC.
In most cases, the IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential.
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, boats, pensions, IRA’s, and other property.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
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.
Call us today and hear the truth from true tax professionals, 1-866-700-1040.
by Fresh Start Tax | Oct 8, 2012 | IRS Tax Experts, IRS Tax Problem, Representation, Tax Help
IRS Tax Help – STOP IRS with a Collection Due Process – Orlando, Tampa, St. Petersburg – Florida
Mr. Michael D. Sullivan is a Former IRS Agent and Teaching Instructor with the Internal Revenue Service. Serving Florida since 1982.
We are friendly and affordable. We can Stop your IRS tax problem.
It is very possible to stop the IRS with one telephone call depending where your case is in the IRS system. The best time to stop the IRS right in there tracks is when you are in letter or notice status.
There are other tricks and techniques and they vary from case to case. After we review cases we can best set out a course to get you IRS Tax Problem Help.
Call us today for a no cost consult and let us work out a plan to manage the IRS for you. 1-866-700-1040.
If you received this Notice: Letter number CP 504.
If you just got a Notice Number CP504.
It will say – “Urgent!! We intend to levy Certain Assets.
We can stop the IRS. You must act within that 30 day window. If you have missed that opportunity you must file a notice of action within the L-1058 letter time frame which is the last of the series of notices that the IRS sends.
After that notice IRS will take enforcement action with the filing of the federal tax levies, bank and wages levies.
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. By calling us when you receive this letter we can completely control the IRS.
If the IRS claims that they will Lien or Levy your assets.
The IRS Collection function says they are going to file a lien or levy your assets. What can you do?
We will contact the Collection function to discuss your situation and your payment options. We will discuss with you Publication 1660, Collection Appeal Rights to review your appeal rights.
Some Collection actions qualify for appeal under the Collection Appeals Program (CAP) and some qualify under the Collection Due Process (CDP) appeal.
These two programs offer different advantages depending on the facts of your case. Publication 1660 will help you decide which is best for you.
You received a Notice of Federal Tax Lien and Right to a Hearing
If you just received a Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320, Letter 3172.
The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing to discuss the lien filing. We will request a CDP hearing if you feel the lien is inappropriate and will cause a hardship.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances. If Appeals cannot consider the underlying liability, you have three options to re-open that issue:
1. Pay the amount due in full and file a claim for refund. If the IRS disallows your claim you will have the right to Appeal at that time.
2. Follow the instructions in Publication 3598 and request an Audit Reconsideration. Note that you must submit new information the IRS did not previously consider in order to have an audit reconsideration.
3. Follow the instruction in Form 656 and file an Offer in Compromise, Doubt as to Liability.
You just received a Letter L-1058
If you just received a Letter L-1058 or LT11 – FINAL NOTICE OF INTENT TO LEVY AND NOTICE OF YOUR RIGHT TO A HEARING this is your last chance to appeal with the IRS. Do not let this opportunity slip by.
We will discuss with you Publication 1660. The Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing. We will request a CDP hearing if you feel the levy is inappropriate.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances.
Call us today for find out more. 1-86-700-1040.
by Fresh Start Tax | Sep 6, 2012 | IRS Tax Advice, IRS Tax Audit, IRS Tax Experts
Why are tax returns selected for a IRS tax audit?
The answer is a simple one. The IRS has guidelines and boundaries they have placed over the years and they can pretty well tell which tax returns will yield them IRS audit bucks.
I worked for the IRS for 10 plus years and it is easy to tell which tax returns the computer system will kick out for a IRS tax audit.
On staff at Fresh Start Tax LLC we have over 60 years of direct work experience in the local, district and regional offices of the IRS.
Reason Tax Returns are selected for a IRS tax audit.
There are many reasons tax returns are selected for audit and the one answer used across the board is a simple one, your tax return fell out of the national standard based on your Gross Income and line item inputs.
IRS keeps very close statistical numbers on what the national norms should be.These formulas are secret, kind of like the formula for Coca Cola.
Each tax return is coded into the IRS computer system by line items. If 5 or more of your line items run to high there is a good possibility that tax return will be bouncing out for a IRS tax audit.
Every tax return is graded and depending on the IRS budget, the IRS will audit those tax returns with the highest scores.
Different Types of IRS Tax Audits
1. The first type of tax audit is called the TCMP or the “audit from hell”.
IRS audits each and every line item on your tax return. IRS will randomly pull some 10,000 tax returns across the broad spectrum. The results from these audits are used by the IRS to compile statistical information that will be used to find areas of negligence.IRS will then target the highest area of abuse.
2. The second type of IRS audit and the most popular is the DIF.
This is the number one source of tax audits. Your tax return will be evaluated based on your “DIF” score, a set of IRS formulas known as the “Discriminate Function System.”
About 80% of all tax returns audited are selected by the DIF system which compares deductions, credits, and exemptions ( line items) with the norms for similar taxpayers in each income tax bracket.
3. Market Specialization Program.
These audits are the most popular type of business audit for larger corporations . IRS has trained agents in all walks of businesses. They have studied for hundreds of hours and have a complete understanding of the unique features of that particular business. An example of this is agriculture. Special trained IRS Agents will only audit the agriculture sector so they get to develop a market specialty in that area. IRS has a whole host of specialization programs.
4. High Dollar Cases
Although the overall individual audit rate is about 1.10%, the odds increase for higher income filers. IRS statistics show that people with incomes of $200,000 or higher had an audit rate of 3.87%, or one out of slightly more than every 25 returns.
If you make over one million dollars there’s a one-in-eight chance your return will be audited.
5. Matching programs of the IRS. ( W-2, 1099 )
The IRS gets copies of all 1099s and W-2s you receive from third parties. IRS computers match up the W-2’s and 1099’s with the income shown on your return. A mismatch sends up a flag and causes the IRS computers to send out a match audit letter. 1.4 million letters like this are sent out each year.
If you receive a 1099 or W-2 showing income that isn’t yours or listing incorrect income, get the issuer to file a correct form with the IRS immediately .
6.. Large Charitable Deductions.
IRS computers know what the average charitable donations should be for folks at your income level. IRS knows this is a area of great abuse. If you deduction falls out of the normal range expect a IRS audit letter. Many times we encourage taxpayers who have a large deduction to attach it to your tax return.
7. Claiming the home office deduction.
This is a huge target for the IRS. Many taxpayers feel their whole house should be written off and take liberties of adding many extras when taking this deduction. Be careful to only take what the law allows. Call us for more details.
7. Deducting Travel and Entertainment
Talk about abuse. IRS will ask for every receipt and complete documentation for travel and entertainment. They will want to know who you took and how that relates to future business income. Advice here, document, document, document.
8. Claiming 100% business for you vehicle.
Another favorite target of the IRS. Most taxpayer think the IRS auditor will never go over a auto log. Think again. Some agents live to review auto logs as boring as it sounds. They will compare your daily business with the travel log to make sure everything matches up.
9. Failing to report a Foreign Bank Account FBAR
With the breakthrough a UBS other governments and banks caved in to the US and turned over the names and the accounts for taxpayers with foreign bank accounts. After the first 3 years the Feds have collected over $5.5 billion. IRS will be on the prowl. 33,000 persons came forward and IRS knows this is just the tip of the iceberg.
10. Engaging in currency transactions
The IRS gets many reports of cash transactions in excess of $10,000 involving banks, casinos, car dealers and other businesses, plus suspicious-activity reports from banks and disclosures of foreign accounts. Be careful not to play the $9500 game to avoid detection.
You can stay out of an IRS audit. Call us and allow us to audit proof your tax return. 1-866-700-1040
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
