by Fresh Start Tax | Nov 11, 2012 | Back Taxes, Expatriate Tax, FBAR, IRS Representation, IRS Tax Debt, IRS Tax Problem, Tax Lawyer, Tax Returns, Tax Settlements
Australia- FBAR, EXPAT – Attorney, Lawyers, Former IRS – Filing, Penalties, Settlement – Affordable Tax Experts
Do not be bullied by the IRS. Find out the truth about FBAR disclosures to the IRS.
You have options. We can file and settle your case.
Call us today, we are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors. 1-866-700-1040.
We have over 206 years of total tax experience and over 60 years of direct IRS experience in resolving IRS tax issues and tax problems. We are a full service tax firm with all work being done in house by true tax experts.
We are true Tax Experts of FBAR and Expatriate Tax Issues.
There is a great deal on the web and in press releases that has scared many FBAR filers and Expats into taking position on the filing of FBAR that makes one believe that everything must go through Criminal Investigation.
The reality is that few taxpayers are tax criminals. What is so sad it that the IRS has scared everyone to death regarding FBAR.
The truth be told you have the option of making a Silent Disclosure.
Some taxpayers have already made quiet disclosures by filing amended returns.
Before a decision is made on each case, a tax attorney or tax lawyer will use a set of facts particular to that case. There are no two cases the same, each has a unique set of circumstances.
With that said Quiet Disclosure are not for everyone that is why a careful review must be made on each case.
Taxpayers with unreported foreign bank accounts present themselves and their professional advisers with a bunch of very important important decisions they need to make.
These tax and filing decisions must be made based on a very careful review of all material, information, an understanding of the potential tax penalties and interest involved, and the exposure to any other financial crimes, criminal implications or tax penalties.
Regardless of how tempting under no circumstances should Attorneys or Lawyers and taxpayers ignore reporting tax and FBAR tax requirements simply because the IRS has not yet raised the issue in the client’s specific case.
Our rule of thumb, find IRS before they find you.
How the process works.
The IRS does review amended returns and could select any amended return for examination.
If a tax return is selected for examination, the 20 percent offshore penalty would not be available.
Criminal Behavior
When criminal behavior is evident and the disclosure does not meet the requirements of a voluntary disclosure under IRM 9.5.11.9, the IRS may recommend criminal prosecution to the Department of Justice.
Taxpayers who have already made quiet disclosures but have not yet been selected for examination may take advantage of the penalty framework applicable to voluntary disclosure requests regarding unreported offshore accounts and entities, provided they otherwise meet the criteria for voluntary disclosure set forth in IRM 9.5.11.9.
Call us for more detail. 1-866-700-1040. Privileged conversation with a tax attorney or tax lawyers.
What possible forms are needed to be Filed with the IRS ?
Besides federal income tax returns, what forms or other returns must be filed?
The following forms must be filed:
a. Copies of original and amended federal income tax returns for tax periods covered by the voluntary disclosure,
b. Complete and accurate amended federal income tax returns (or original returns, if not previously filed) of the taxpayer for all tax years covered by the voluntary disclosure;
c. An explanation of previously unreported or under reported income or incorrectly claimed deductions or credits related to undisclosed foreign accounts or undisclosed foreign entities, including the reason(s) for the error or omission,
d. If the taxpayer is a decedent’s estate, or is an individual who participated in the failure to report the foreign account or foreign entity in a required gift or estate tax return, either as executor or advisor, complete and accurate amended estate or gift tax returns (original returns, if not previously filed) necessary to correct the under reporting of assets held in or transferred through undisclosed foreign accounts or foreign entities;
Complete and accurate amended information returns required to be filed by the taxpayer, including, but not limited to,
a. Tax Forms 3520,
b. 3520-A,
c. 5471,
d. 5472,
e. 926 and
f. 8865 (or originals, if not previously filed) for all tax years covered by the voluntary disclosure, for which the taxpayer requests relief; and
Complete and accurate Form TD F 90.22-1, Report of Foreign Bank and Financial Accounts, for foreign accounts maintained during calendar years covered by the voluntary disclosure.
Call us today for more details and find you the truth. you do not have to be worried. 1-866-700-1040
by Fresh Start Tax | Nov 10, 2012 | Back Taxes, IRS Tax Advice, IRS Tax Problem, Tax Help, Tax Relief
Cannot Pay the IRS – Ask IRS for Tax Hardship or Noncollectable – IRS Tax Relief Today
Call us today for a no cost consultation and speak directly to a Former IRS Agent, Attorney or a CPA.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS. 1-866-700-1040.
If you cannot pay the IRS you may be able to qualify for a Tax Hardship or a Noncollectable Status if you qualify. If your current expenses exceed your income you may have a chance to get your tax case suspended for a period of time.
Most of the cases that have past due balances over 4 months old, the IRS will not be able to collect in full at the current time.
The Internal Revenue Service has different programs in which taxpayers qualify to close their cases off of the IRS Collection enforcement Computer call the CADE 2.
There are at best guess over 25 million cases on the system that the IRS has made arrangements because the taxpayers do not have the ability to pay the tax in full. These back tax cases involve individual, payroll, excise, estate and a variety of other taxes.
From a common sense standpoint, all taxpayers cannot pay their tax obligations on time so the IRS has made other provisions to deal with back taxes.
The IRS will require a documented Financial statement. These financial statements are found on IRS form 433A or a 433F. When sent to the IRS they must include all attachments to prove the validity of the figures found on the form.
Besides this form the taxpayer will have to have all tax returns filed and current.
The three most common way taxpayers can close case once IRS reviews a current financial statement.
IRS will consider these closing methods:
1. Hardship, the inability to pay the tax off at the current time and unable to make monthly installment agreement due to a lack of income. The taxpayer qualifies for a Tax Hardship or Noncollectable Status.
2. Installment agreements,the taxpayer has the ability to make current monthly payments,
3. Offers in Compromise, the taxpayer has the ability to consider a tax settlement with the IRS.
What is a Economic Hardship
When a taxpayers liability can be collected in full but collection would create an economic hardship, an ETA offer based on economic hardship can be considered.
The definition of economic hardship as it applies to ETA offers is derived from Treasury Regulations § 301.6343-1.
A IRS Economic hardship occurs when a taxpayer is unable to pay reasonable basic living expenses.
The IRS determination of a reasonable amount for basic living expenses will be made by the Commissioner and the representatives and will vary according to the unique circumstances of the individual taxpayer.
Because economic hardship is defined as the inability to meet reasonable basic living expenses, it applies only to individuals (including sole proprietorship entities).
Tax Compromises on economic hardship grounds is not available to corporations, partnerships, or other non-individual entities.
The taxpayers financial information and special circumstances must be examined by the IRS to determine if they qualify for an ETA offer based on economic hardship.
The Financial analysis includes reviewing basic living expenses as well as other considerations.
The taxpayer’s income and basic living expenses must be considered to determine if the claim for economic hardship should be accepted. Basic living expenses are those expenses that provide for health, welfare, and production of income of the taxpayer and the taxpayer’s family.
There are national and local standard expense amounts are designed to provide accuracy and consistency in determining taxpayer’s basic living expenses.
These standards are guidelines and if it is determined that a standard amount is inadequate to provide for a specific taxpayer’s basic living expenses, allow a deviation.
In addition to the basic living expenses, other factors to consider that impact upon the taxpayers financial condition include:
a. the taxpayers age and employment status,education,
b. Number, age, and health of the taxpayers dependents,
c. Cost of living in the area the taxpayer resides, and
d. Any extraordinary circumstances such as special education expenses, a medical catastrophe, or natural disaster.
e. past history and income made over the past 3 years.
This list is not all-inclusive. Other factors may be considered in making an economic hardship determination.
Some factors that support an economic hardship determination may include:
1. The taxpayer is incapable of earning a living because of a long term illness, medical condition or disability, and it is reasonably foreseeable that the financial resources will be exhausted providing for care and support during the course of the condition.
2. The taxpayer may have a set monthly income and no other means of support and the income is exhausted each month in providing for the care of dependents.
3. The taxpayer has assets, but is unable to borrow against the equity in those assets, and liquidation to pay the outstanding tax liabilities would render the taxpayer unable to meet basic living expenses.
Some of these factors are representative of situations the Service regularly encounters when working with taxpayers to resolve delinquent accounts.
They are not intended by the IRS to provide an exhaustive list of the types of cases that can be compromised based on economic hardship.
Call us today to find out more and speak directly to a tax professional. 1-866-700-1040
by Fresh Start Tax | Nov 9, 2012 | IRS Representation, IRS Tax Audit, IRS Tax Problem, Tax Help, Tax Relief
IRS TAX RELIEF – IRS TAX HELP
Stop your worry today. Have Former IRS who taught Tax Law at the IRS that know all the settlement and tax polices get you much needed tax relief.
We handle all IRS Collection matters, IRS tax audit, State Tax Problems and Appeals Issues. On staff, Board Certified Tax Attorney and CPA’s as well as Former IRS Agents, Managers and Instructors with over 60 years with the IRS.
We taught Tax Law at the IRS.
We can get you immediate tax relief. We have given IRS tax help to over 15,000 clients since 1982.
If you are having any IRS tax issue or tax problems that immediate and permanent tax help relief call us today and end your worries.
We are a local tax firm. We are A plus rated by the Better Business Bureau.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the New Jersey area.
Our firm deals with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations.
We have staff that specialize in every facet of IRS Tax Representation and State Tax Representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds.
We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases , Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases and Tax Audits
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- FBAR Experts
- Expatriate Tax Experts
Private Practice 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
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
Do not be bullied by the IRS. Fight back with former IRS Agents, Managers and Instructors. Free tax consults 1-866-700-1040.
by Fresh Start Tax | Nov 8, 2012 | Expatriate Tax, FBAR, IRS Tax Problem, New Jersey Tax, Offshore Program, Offshore Tax Problems, Tax Lawyer, Tax Problem Help, Tax Relief
FBAR – Tax Attorneys, Lawyers, Former IRS – FBAR Specialists – New York, New Jersey – Civil & Criminal Representation 1-866-700-1040.
Fresh Start Tax LLC is a professional tax firm comprised of Board Certified Tax Attorneys, Tax Lawyer, CPA’s and Former IRS Agents and Managers.
Stop the worry today. We can get you in the system worry free.
We have over 206 years of professional tax experience and over 60 years with the Internal Revenue Service in the local, district and regional offices of the IRS.
We taught Tax Law at IRS as former Instructors. As a result we know all the policies and settlement procedures for all IRS cases.
You may contact us for a no consult 30 minute professional consultation, 1-866-700-1040.
FBAR
Without question you can expect the IRS and the DOJ to be coming down hard on Offshore and Overseas money that belongs in the coffers of the US government.
As IRS Commissioner Doug Shulman stated in his closing remarks as her is stepping down much of the focus in the past has been on FBAR and Expats due to the volumes of revenue it has generated from the enforcement of tax laws.
Here are the remarks from Shulman
“We view offshore tax evasion as an issue of fundamental fairness. Wealthy people who unlawfully hide their money offshore aren’t paying the taxes they owe, while schoolteachers, firefighters and other ordinary citizens who play by the rules are forced to pick up the slack and foot the bill.
Over the past five years, we have significantly increased our resources and focus on offshore tax evasion, and the results have been substantial. We upped the ante in a meaningful way with our work on Swiss financial institutions – where for the first time in history, a bank secrecy jurisdiction turned over thousands of names and account numbers.
As we increased our enforcement efforts and gained significant momentum, we gave taxpayers a chance to come in voluntarily and avoid going to jail. In a typical year, we used to get 100 or so taxpayers who used our voluntary disclosure program. When we first set up our new program in 2009, we thought that figure would rise to maybe 1,000.
So we are very pleased that we’ve had approximately 38,000 voluntary disclosures from individuals who came in under the special programs.
To date, these individuals have paid back taxes and stiff penalties amounting to more than $5.5 billion, and the number continues to grow. We are mining the information we have received and have launched our next wave of investigations on banks, bankers, intermediaries and taxpayers.
Collecting additional revenue for past misdeeds – as important as that may be – is not the only, or even primary, consideration here. It’s perhaps more important that we’re bringing U.S. taxpayers back into the system…back into compliance… so they properly report and pay their taxes for years to come. We have fundamentally changed the risk calculus of taxpayers who are thinking about hiding their money overseas, and we are well on our way to deterring the next generation of taxpayers from using hidden bank accounts to cheat on their taxes.
The inside skinny at the IRS FBAR, Expats
Under Obamacare the IRS is expecting to hire 15,000 new IRS agents. IRS is already launching new software and technologies to move in to the future regarding Offshore monies. Because of the huge success of this program a word to the wise, seek IRS before them seek you.
Each taxpayer has different options. We carefully review each case we receive and carefully plan the best remedy to fully and completely resolve your problem so do not fear cripple you.
We have successfully resolved thousands of taxpayers cases. Call us today to hear the truth and get results.1-866-700-1040.
by Fresh Start Tax | Nov 6, 2012 | California Tax, IRS Representation, IRS Tax Problem, Representation, Tax Levy and Wage Garnishments, Tax Relief
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
We can get you immediate and permanent tax relief from your IRS Bank Levy or Wage Garnishment and settle your case all at one time. Get Tax Debt Resolution from true tax professionals. Do not be scammed.
We are A plus rated by the Better Business Bureau.
Fresh Start Tax LLC 1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
We have over 206 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS.
We can get results for Tax Debt Resolution within 48 hours so stop the worry now.
We have worked over 15,000 cases since 1982. Fresh Start Tax L.L.C. is A plus rated by the BBB.
What is a Bank Tax Levy and Wage Tax Levy
A IRS tax levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
A Bank Levy
A Bank Levy is a freeze on your bank account for 21 days. On the 22nd day if you did not resolve the issue with the IRS, the bank is obligated to forward the money to the IRS. Usually a tax firm can easily get the bank levy released.
A Wage Levy Garnishment
Unlike a bank account, a wage garnishment levy is a immediate seizure of your next paycheck and it will continue until to you call the IRS and get the wage levy released.You are allowed to keep about 10% of your paycheck while a wage levy garnishment is in place.
Releases or Removals
To get the Bank or Wage levy released IRS will want to make sure all your tax returns are filed and you have submitted a financial statement to the IRS.
The financial statement must be verified with documents to prove your income and expenses.
We at Fresh Start Tax LLC can usually get levies releases within days.
If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.
For instance,
IRS can also seize and sell property that you hold such as your car, boat, or house, or
We could levy property that is yours but is held by someone else such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions.
IRS cannot levy until after three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment;
2. You failed or neglected or refused to pay the tax and,
3. IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
IRS must give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Note- if the IRS sends a levy your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
Legal- Method of Delivery
Federal Tax Regulation 301.6331-1(c) authorizes the IRS to provide depositories notices of levy by mail. However, the regulation does not preclude in-person delivery of a levy to a local branch or office by a revenue officer. Additionally, depositories may not designate a specific branch or location for service of hand-delivered levies.
No matter how a levy is received, by mail or hand delivered, depositories are expected to adhere to IRS guidelines by immediately processing the levy and freezing all affected accounts for the 21-day period required by Internal Revenue Code Section 6332(c).
A mailed levy becomes effective the date and time the notice of levy is delivered to the depository. A hand-delivered levy becomes effective the date and time the notice of levy is hand delivered in person by a revenue officer.
Call us today to get immediate tax results, 1-866-700-1040
IRS Bank Tax Levy, Wage Levy Garnishment – Tax Debt Resolution
by Fresh Start Tax | Nov 5, 2012 | IRS Tax Problem, Representation, Tax Help, Tax Problem Help, Tax Relief
How to pick out the Best Tax Resolution Firm for IRS Tax Relief – Hire Former IRS Agents – Fresh Start Tax LLC 1-866-700-1040
IRS Tax Problem Help – Get the Right Tax Help to Solve IRS Problems, use Former IRS Agents
Do not be ripped off! It is easy to find out the Best Tax Firm for yourself.
Fresh Start Tax LLC is one of those tax firms with the highest rating in the business. 1-866-700-1040.
There are thousands of sites in the Internet that claim they are the right and best tax resolution firm/ company to get you IRS Tax Relief for IRS Tax Problems.
So how do you pick a tax firm to resolve your IRS problem once and for all?
With the down fall of J.K.Harris, Roni Duetch and Tax Masters you should look closer on who you chose before paying any money over to a tax firm that claims to be the best. There are many good one but few great ones.
Here is a list of things you should check for before choosing a tax resolution company.
1. Check out the Better Business Bureau Rating.
When looking at the BBB rating, find out how many complaints the company has had overall and especially those in the last couple months. This is usually a good indicator on the health of the company. Many companies actually have lawsuits filed against them.
2. Check out how long the Company has been in existence for.
If a company is brand new you may want to check a little further. Usually a history of how many years in business is a good indicator to the health of the Company. Stay away from new companies. Many times new companies are old companies that had to fold because of the number of BBB complaints and rating.
3. Check out how much IRS experience the companies employees may have.
As a Former IRS Agent and Teaching Instructor I have worked thousands of cases. Without any question while there are many good representatives that have not worked for the IRS the true cream of the crop of those who were former Agents.
Why?
Because they knew the closing systems and the tax procedures to close out the case. The former IRS agents were able to package the case the get the very best results for there clients. There is nothing like knowing the system.
3. When calling a tax company ask to speak directly to the person or professional that will be working your case. Insist on making that conversation taking place. If they are to busy to speak to you walk away quickly.
4. Check to make sure how many cases that person has worked before and what the probably result could be.
An experience tax professional can tell you with a high degree of accuracy how the case will probably be resolved. I can probably do that 99% of the time.
5. Check on the cost.
Flat fees are preferred so you do not get socked in the end. Some of these firms are charging $7500 and up. They are scam artists. Get two or three cost comparisons from various companies.
6. Does the firm guarantee a result.
No firm up front can guarantee a result. You must at least see a verified financial statement before rendering an opinion. If the firm is pushing they can get get you a tax settlement leave quickly. The offer in compromise” pennies on a dollar ” ploy has scammed thousands of taxpayers. Do not be a fooled.
7. Beware – When you call most companies you are calling a salesman. These people are called closers in the business. They sign you up make about 25% fee and promise you the moon without knowing much about the IRS. JK Harris was famous for this. You must check the credentials of the person you are talking with over the phone, at all cost avoid closers. Ask to speak directly to Tax Attorneys, Tax Lawyers, CPA’s, Enrolled agents or Former IRS agents.
8. Beware of Splash ads.
If you are cruising the Internet you will find thousands of what we call splash advertising campaigns. You can recognize them because they have little tax information and there will not be a Firm Bio page. These are advertisers trying to sign you up and sell your information to the highest bidder. Do not fill out these forms. Call the tax firm directly who you may want to hire.
Do your homework before hiring a Professional Tax Firm. Make sure they have on staff Board Certified Tax Attorneys, Lawyers, CPAs, Former IRS Agents and Managers. Also, check the following to ensure the creditability and history of the Tax Firm.
1. Better Business Bureau – www.bbb.org/us/Find-Business-Reviews
2. Complaints.com – www.complaintsboard.com
3. Rip Off Report – http://www.ripoffreport.com/
How to pick out the Best Tax Resolution Firm for IRS Tax Relief – Hire Former IRS Agents – Fresh Start Tax LLC
