by Fresh Start Tax | May 4, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Tax Levy and Wage Garnishments
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF – Former IRS Agents, Managers – Affordable 1-866-700-1040
The way to get the tax help you need is to hire Former IRS Agents and Managers that have of 60 years of direct IRS experience in the field, in management and as teaching Instructors with the IRS.
We can get your situation resolved immediate and get permanent tax relief on your back taxes.
We have released thousands of tax levies and tax liens since we have been in practice.We are “A: rated by the BBB and our firm has a total of 205 years of professional tax experience.
Chose one of the most trusted tax firms in the industry, we are without complaint.
Call us for a free tax consultation. 1-866-700-1040
Many of our clients and taxpayers and seem to get confused regarding a tax levy and a tax lien.
The term “IRS Tax Levy” is used to describe a collection method the IRS employs to collect back taxes from taxpayers.
Tax levies actually redirect funds to the IRS as a repayment of a past due tax debt
.
Different type of tax levies:
1. Wage garnishments – 668W – actually fall under the levy heading.
Wage garnishments redirect a very large portion, usually about 90% of your wages.Once you call the IRS with a valid document financial statement and all your returns are current and up to date IRS will release the tax levy ( wage garnishment ) with some sort of tax debt settlement. Most cases close with a part payment agreement or installment plan.
2.Bank Levy ( levies ) 688A are one-time events.
The IRS freezes assets in a bank account up to the amount owed plus interest for 21 days then takes those funds to repay your tax debt. There is a 21 day grace period. The 21 day grace period allows you to call the IRS and take care of the matter. Most tax levies are released within that 21 days.
IRS also has the option to make property seizures in extreme cases. This could be a car, a boat, RV, jewelry, art work, even a house or a residence. Again, this is not common and usually only used in extreme cases of tax abuse or large dollar cases.
IRS must send out sufficient notices before IRS decides to levy. IRS is required to send you form 1058 which is a right to a hearing which you have the opportunity to file a Collection Due Process and have a right to a hearing.It is always best to hire a tax professional to defend these issues.
At Fresh Start Tax LLC we have on staff Former IRS Agents, Tax Attorneys and CPA’s to handle your case and win!
A Federal Tax Lien:
A Federal Tax Lien is a filing that take place at the courthouse at closest to your residence.It lets the public know you the Internal Revenue Service monies. As a result of this Federal Tax Lien filing the Internal Revenue Service has a secured interest in all your assets including real and personal property. This will damage your credit score.
Federal Tax liens usually have a life of ten years and can be released with full payment.
If you have any questions regarding a IRS tax levy, bank levy or wage levy call us today for a free consultation.
We are fast , affordable and very user friendly and would love to have your business.
IRS Tax Levy, IRS Tax Lien – Get IMMEDIATE TAX RELIEF
by Fresh Start Tax | May 3, 2012 | IRS Tax Problem, Owe Payroll Taxes, Tax Lawyer, Tax News
941 payroll taxes, change is here!!!!
If you have payroll tax issues call us today to work out tax settlement. Former IRS agents know the effective tax strategies.
New Tax Legislation for Payroll Tax signed into Law.
This is Great News and a long time coming. finally some middle class tax relief coming our way.
This past Feb. 22, President Barack Obama finally signed into law the Middle Class Tax Relief and Job Creation Act of 2012, H.R. 3630.
On Feb. 23, the IRS released a revised Form 941, Employer’s Quarterly Federal Tax Return, to reflect the extended payroll tax cut. I never thought i would live too see the day.
This act extends the 4.2% rate for the employee portion of Social Security Tax through the end of 2012.
It also extends certain unemployment benefits and blocks a cut in Medicare Payments to doctors. This act also repeals earlier-enacted shifts in the timing of corporate estimated tax payments.
The act raises revenue through an auction of the spectrum of public airwaves, currently reserved for television, to allow for more wireless Internet systems.
A 2% recapture tax enacted in the December legislation that extended the payroll tax cut through Feb. 29, which effectively capped the amount of wages eligible for the payroll tax cut at $18,350, was also repealed by the act.
If you need to have questions answered or have any IRS tax issues call our team of Tax Attorneys, CPA’s of Former IRS Agents.
by Fresh Start Tax | May 2, 2012 | Abatements, Back Taxes, IRS Tax Problem, Tax Help, Tax Lawyer
Do you have IRS Penalties and Interest piling up on your IRS tax bill?
If you want to hire true tax experts and tax professionals call Fresh Start Tax LLC 1-866-700-1040 to speak directly to either a Tax Attorney, CPA ‘s or Former IRS Agents and Managers.
We also have on our staff a former IRS Appeals Agent who has worked hundreds of abatement cases as a IRS Appeals agent.
IRS has tax provisions to get rid of, remove or abate penalties and interest if you have reasonable cause and can prove your claim.
Most taxpayers believe that writing a simple letter to remove IRS Penalties and Interest and poof, IRS be gone with them, however, this process is not so simple.
As a general rule, IRS looks for reasons to NOT accept the request for abatement because they are very lazy and do not want to process claims because it requires to much work. Sad but true.
Having been a former IRS Agent I can tell you this from experience and how other IRS Agents handled their cases. Like in any business some agents were very good and other not so good.
I tell most of my clients to usually expect our cases to go to appeals when fighting IRS penalties and interest. We are true experts in penalty abatement’s.
There is a specific format that the IRS goes through. The claims of abatement to rid yourself of IRS Penalties and Interest must be thorough, detailed and loaded with documentation.
You can look on our web site to examine the process more thoroughly.
Go to Tax Solutions on our home page and click go to Abate IRS Penalties and Interest.
IRS Provisions to get rid of, remove or abate IRS penalties and interest:
The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides that the IRS can assess a penalty if you fail to file, fail to pay or both.
The two different penalties you may face are the failure to file and the failure to pay. These are two of the larger penalties.
1. If you do not file by the deadline, you might face a failure-to-file penalty.This is a maximum of 25% if the return is 5 months late. It is critical even of you do not have the money to file a timely tax return.
2. The penalty for filing late is usually 5 percent of the unpaid taxes for each month or part of a month that a return is late. This penalty will not exceed 25 percent of your unpaid taxes.
3. If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.
4. If you do not pay your taxes by the due date, you will generally have to pay a failure-to-pay penalty of ½ of 1 percent of your unpaid taxes for each month or part of a month after the due date that the taxes are not paid. This penalty can be as much as 25 percent of your unpaid taxes.
5. If you request an extension of time to file by the tax deadline and you paid at least 90 percent of your actual tax liability by the original due date, you will not face a failure-to-pay penalty if the remaining balance is paid by the extended due date.
6. If both the failure-to-file penalty and the failure-to-pay penalty apply in any month, the 5 percent failure-to-file penalty is reduced by the failure-to-pay penalty. However, if you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.
7. You will not have to pay a failure-to-file or failure-to-pay penalty if you can show that you failed to file or pay on time because of reasonable cause and not because of willful neglect.
Call us today to see if you qualify for an abatement today. Hear the truth.
by Fresh Start Tax | May 2, 2012 | IRS Notice or Letter, IRS Tax Problem, Tax Lawyer
If you have received a IRS Letter or Tax Notice here is what you need to know concerning the correspondence you have received from the Internal Revenue Service.
First of all never panic and if you need to speak to a former IRS Agents call Fresh Start Tax LLC 1-866-700-1040 and let true tax professionals help you through this situations.
Usually these problems are not as bad as you think.
The IRS sends millions and millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without having to call or visit an IRS office. Many times you can just send correspondence by mail back to the IRS to resolve the dispute.
What you need to know about IRS notices and letters:
1. There are a number of reasons why the IRS might send you a notices or letters. Tax Notices/Letters may request payment, notify you of account changes, or request additional information.
A notice always covers a very specific issue about your tax account or tax return. and always a specific tax year or tax period.
2. Each IRS letter or notice offers specific instructions on what action you need to take. Make sure you call back by the assigned follow up date on the letter.
3. If you receive a correction notice, you should review the correspondence and compare it with the information on your return. Make sure you have back up information to support your finding with the IRS.
4. If you agree with the correction to your account, then usually no reply is necessary unless a payment is due or the notice directs otherwise. Follow up and all correspondence and make sure the problem is fully resolved by the IRS.
5. If you do not agree with the correction the IRS made, it is important to respond as requested. You should send a written explanation of why you disagree and include any documents and information you want the IRS to consider along with the bottom tear-off portion of the notice.
You should mail the information to the IRS address shown in the upper left of the notice. Allow at least 30- 45 days for the IRS to response.
6. 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 of the notice. Have a copy of your tax return and the correspondence available when you call to help the IRS respond to your inquiry.
7. It is important to keep copies of any correspondence with your records. You cannot email any information to the IRS.
One of the big mistake taxpayers tend to make is to assume the problem is fully resolved.
We at Fresh Start Tax LLC believe it is always best to call the IRS 60 days after you believe the situation should have been resolved and verify that with the IRS.
These matters will not go away until they are removed from the IRS CADE computer.
Remember, if you wind up owing the IRS money and the problem goes unresolved , the IRS will follow up with a Notice of Federal Tax Levy to banks and on wages.
IRS issues over 3.6 million bank levy ( levies ) and wage levy garnishments. The IRS also filed over 900,000 federal tax liens.
Should you need help call us now. On staff, Tax Attorneys and Former IRS Agents.
by admin | Apr 3, 2012 | Back Taxes, IRS Tax Debt, IRS Tax Problem, Tax Help
If you are a TAX MASTERS client and need immediate tax help to resolve your IRS tax problem call Fresh Start Tax LLC. “A ” Rated by the BBB!
We will offer a free tax consult and a major discount. 1-866-700-1040. Do not be ripped off again!
TaxMasters is gone and left some major players holding the bag.
The writing was all over the wall on this one. The word on the street, the last of the big 3 to be taken down.With hundreds of complaints and AG filings everyone in the industry knew this was coming, it was only a matter when. You cannot falsely advertise and get away with it.
TaxMasters was one of the big three that advertised heavily on TV, Cable …… and it seems almost on every station.
The airwaves were full of tax attorney Patrick Cox telling people he could settle their tax debt for cheap. Thousands bought the pitchman’s adds and they are now all holding the bag.
The biggest loser on this was not the television show but CNN with a $2.6 million owed to them. Sad!
According to reports filed and Janet Novak, ” TaxMasters’ unsecured creditors are unlikely to see much, if any, cash. In its new filing, TaxMasters listed just $1.7 million in assets. Moreover, according to the Texas Attorney General, last Friday a Travis County Texas jury returned a $195 million verdict against TaxMasters and Patrick Cox, its founder and CEO, for 110,383 violations of the Texas Deceptive Trade Violations Act. Some $113 million of that total is a refund of client fees, and another $81 million is civil penalties. TaxMasters’ clients typically owe the Internal Revenue Service large amounts of back taxes they can’t pay and may be facing IRS enforcement actions, such as liens and levies. The Texas AG charged in its lawsuit that TaxMasters misled potential customers, both in its advertising and in its customer contacts, about its policies—for example, failing to disclose that it wouldn’t start work on a case until a customer paid in full for its services, even it meant missing important IRS deadlines.
According to TaxMasters’ restated first quarter 2011 financial report—the last quarter it has reported to the SEC—the company had $13.1 million in quarterly revenues, and spent $4.1 million on advertising during those three months. “The Company believes advertising is the engine that drives sales,’’ the report states. TaxMasters’ best known ads featured the red-bearded Cox assuring potential clients that his staff of tax pros, including former IRS agents, had helped “many good people just like you.”
The bottom line, large companies cannot manage all the work that comes in. There advertising dollars far exceeds there personnel to work these cases. Also, many of the calls TaxMasters received were based on deceptive advertising and offering to settle for pennies on a dollar. While true, few taxpayers get there cases settled.
So who got stuck footing the advertising bill?
In addition to CNN, TaxMasters’ 20 largest listed creditors include:
News Corp.’s Fox News Channel (owed $938,414);
Houston advertising firm Maxximedia (owed $1,326,676);
American Express (owed $679,497);
The Radio Network Westwood One, now a part of Dial Global (owed $676,000);
History Channel (owed $653,820);
MSNBC (owed $259,441);
Yahoo (owed $196,475);
Dial Global’s Weather Channel (owed $172,233);
The Discovery Channel (owed $136,850)
and Disney’s ESPN (owed $94,265).
If you have an IRS tax issue, owe back taxes, unfiled tax returns, tax problems, owe IRS – call us today to get your problem permanently resolved.
by admin | Apr 3, 2012 | Innocent / injured Spouse, IRS Tax Problem, Tax Help, Tax Lawyer
The IRS are changing the rules about Innocent Spouse and injured Spouse cases making it much easier for cases to be accepted.
For many years IRS has played hardball regarding Innocent and Injured Spouses cases.
With a host of taxpayer complaints IRS has lighten some of the requirements to get these cases through the system. The complaint worked.
As former IRS Agents and Managers we have worked hundreds of cases.
To see if you qualify for Innocent or Injured Spouse tax relief call us today. 1-866-700-1040.
The New Rules have changed making it easier to qualify for innocent or injured spouse. These new rules are a breathe of fresh aire because the old rules favored the Internal Revenue Service.
Contact us at freshstarttax.com
News about the new program for Innocent Spouses:
The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests.
After a thorough review of both injured and innocent spouses cases these are the results:
- The Internal Revenue Service will no longer apply the two-year limit to new equitable relief requests or requests currently being considered by the agency.
- A taxpayer, whose equitable relief request was previously denied solely due to the two-year limit, you may reapply using IRS Form:
- 8857, Request for Innocent Spouse Relief,
- The IRS will not apply the two-year limit in any pending litigation involving equitable relief, and where litigation is final, the agency will suspend collection action under certain circumstances. The change to the two-year limit is effective immediately, and details are in Notice 2011-70, posted on IRS.gov. This policy change will become operational in the fall and more guidance will be forthcoming.
Injured or Innocent Spouse Tax Relief
You may be an injured spouse if you file a joint tax return and all or part of your portion of a refund was, or is expected to be, applied to your spouse’s legally enforceable past due financial obligations.
Here are some facts about claiming injured spouse relief:
1. For you to be considered an injured spouse; you must have paid federal income tax or claimed a refundable tax credit, such as the Earned Income Credit or Additional Child Tax Credit on the joint return, and not be legally obligated to pay the past-due debt.
2. Special rules may apply in community property states.
For more information about community property status and the factors used to determine whether you are subject to community property laws, see IRS Publication 555, Community Property.
3. If you filed a joint return and you are not responsible for the debt, but you are entitled to a portion of the refund, you may request your portion of the refund by filing Form 8379, Injured Spouse Allocation.
4. You may also file form 8379 along with your original tax return or your may file it by itself after you receive an IRS notice about the offset.
5. You can also file Form 8379 electronically.
If you file a paper tax return you can include Form 8379 with your return, write “INJURED SPOUSE” at the top left of the Form 1040, 1040A or 1040EZ. IRS will process your allocation request before an offset occurs.
6. If you are filing Form 8379 by itself, it must show both spouses’ Social Security numbers in the same order as they appeared on your income tax return. You, the “injured” spouse, must sign the form.
7. Do not use Form 8379 if you are claiming innocent spouse relief.
Instead you should file Form 8857, Request for Innocent Spouse Relief. This relief from a joint liability applies only in certain limited circumstances.
In 2011 the IRS eliminated the two-year time limit that applies to certain relief requests. IRS Publication 971, Innocent Spouse Relief, explains who may qualify, and how to request this relief.
To see if you qualify for Innocent or Injured Spouse relief call us today. 1-866-700-1040
Innocent or Injured Spouse Tax Relief – New Tax Rules – IRS Tax Relief – Former IRS – Apply today
