by Fresh Start Tax | Aug 21, 2012 | IRS Tax Problem, Tax Lawyer, Tax Levy and Wage Garnishments
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We will also file any and all back tax returns that need to be filed
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The process of getting a Frozen Bank Account released from a tax levy.
How we can immediately get Notices of Bank Levy, Wage Garnishments and Frozen Bank Accounts Released.
As former IRS Agents, Managers and Instructors we have issued thousands of IRS Wage Garnishments and Bank Tax Levies. We know exactly how to quickly get them released and settle your case.
1. We immediately send a power of attorney to the IRS letting them know we are now your representative. You will never have to speak to the Internal Revenue Service.
2. Fresh Start Tax LLC will make sure all your tax returns are filed correctly. If your tax returns are not up to date, the IRS will refuse to work your case and will not issue a release of tax levy.
This is leverage that the IRS will use to get you compliant with the tax laws. We can pull tax transcripts, file and prepare your back or unfiled tax returns within days, even if you have lost your tax records.
3. The IRS requires a current financial statement. We will secure a required 433-F or a 433-A (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
Bank Account Frozen – Get Tax Levy Released Now – Former IRS Agents
by Fresh Start Tax | Jul 27, 2012 | FBAR, IRS Tax Problem, Representation, Tax Lawyer, Tax Settlements
If you need any questions answered regarding IRS and Foreign Bank Accounts because of IRS issues or IRS problems call us today for a no cost professional tax consultation, 1-866-700-1040.
You will be directly connected to Tax Attorneys, Tax Lawyers and Former IRS Agents who have a combined 206 years of professional tax experience and over 60 years with the IRS.
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New Reporting Requirements by U.S. Taxpayers Holding Foreign Financial Assets (Form 8938)
Taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets to the IRS on Form 8938, Statement of Specified Foreign Financial Assets. IRS want to know everything.
The new IRS Form 8938 filing requirement does not replace or otherwise affect a taxpayers requirement to file FBAR. ( Foreign Bank Accounts )
Common questions asked.
Powers of Attorneys
Is a U.S. resident with power of attorney on his elderly parents’ accounts in Canada required to file an FBAR, even if the resident never exercised the power of attorney?
Yes, if the power of attorney gives the U.S. resident signature authority, or other authority comparable to signature authority, over the financial accounts.Whether or not such authority is ever exercised is irrelevant to the FBAR filing requirement.
How do FBAR filers report their accounts to the IRS?
FBAR filers report their foreign accounts by,
1. Completing boxes 7a and 7b on Form 1040 Schedule B, box 3 on the Form 1041 “Other Information” section, box 10 on Form 1065 Schedule B, or boxes 6a and 6b on Form 1120 Schedule N and,
2. Accurately completing Form TD F 90-22.1
Q. When is the FBAR due?
A. The FBAR is due by June 30 of the year following the year that the account holder meets the $10,000 threshold.
The granting, by IRS, of an extension to file Federal income tax returns does not extend the due date for filing an FBAR.
FBAR filers cannot request an extension of the FBAR due date.
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.
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by Fresh Start Tax | Jul 25, 2012 | FBAR, IRS Tax Problem, Tax Help, Tax Lawyer, Tax Settlements
Have Former IRS Agents and Tax Attorneys who taught Tax Law help with any FBAR issues you may have.
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India – FBAR Tax issues, resolutions and negotiations. We handle all criminal and civil cases. Let us take away your fear, anxiety or worry today.
Let our years at the IRS ease any discomfort about this issue. We taught Tax Law at the IRS and know the system.
Call us for a no cost professional tax consultation and speak directly to Expert FBAR Tax Attorneys, Lawyers, CPAs or Former IRS agents. 1-866-700-1040.
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If you are living an India and have any potential issues or the IRS has already contacted you call us today.
FBAR Filing Criteria as defined by the Internal Revenue Service.
In order to determine whether or not the FBAR is required, ALL of the following must apply:
1. The filer is a United States person;
2. The U.S. person has a financial account(s);
3. The financial account is in a foreign country ( India );
4. The U.S. person has a financial interest in the account or signature or other authority over the foreign financial account; and,
The aggregate amount(s) in the account(s) valued in dollars exceed $10,000 at any time during the calendar year. most individuals forget about the aggregate amount and this can lead to problems.
What is defined as a Financial Account by the IRS.
1. Bank accounts, such as a savings, demand, checking, deposit, time deposit, or any other account maintained with a financial institution or other person engaged in the business of a financial institution.
2.A bank account set up to secure a credit card account is an example of a financial account. An insurance policy having a cash surrender value is an example of a financial account.
3.Securities, securities derivatives, or other financial instruments account are also financial accounts.
4.Individual bonds, notes, or stock certificates held by the filer are not a financial account.
FBAR – INDIA – IRS FBAR Experts – Tax Attorneys, Lawyers, Former IRS – FBAR Help, Problems, Settlements
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by Fresh Start Tax | Jul 23, 2012 | FBAR, IRS Tax Problem, Tax Help, Tax Lawyer
FBAR – Help, Problems, Resolutions – Tax Attorneys, Former IRS – FBAR Experts 1-866-700-1040
Call today for a no cost professional tax consultation 1-866-700-1040 and speak directly to a FBAR tax attorney would is a tax expert.
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Free consult 1-866-700-1040. Speak directly to Tax Attorneys, Lawyers or Former IRS agents.
We have over 206 years pf professional tax experience and over 60 years of working directly for the IRS.
We taught Tax Law at the IRS. It only makes sense directly to Former IRS agents who know the internal workings of IRS. Use our experience for your benefit.
Who must file an FBAR?
Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. See also Notice 2010-23.
Make sure you contact IRS before the IRS contacts you!
Overview for FBAR
The Financial Crimes Enforcement Network (FinCEN) delegated to IRS its enforcement authority for penalties imposed under Title 31, Sections 5314 – 5321 for the failure to file Form TD F 90-22.1 Report Of Foreign Bank And Financial Accounts (FBAR) .
Form TD F 90-22.1 , Report of Foreign Bank and Financial Accounts, must be filed by US persons who have a financial interest in, signature authority, or other authority over one or more financial accounts in foreign countries with an aggregate value exceeding $10,000 at any time during the calendar year.
If you failure to file this form it could result in civil and or criminal penalties. The civil penalties may be appealed. Should the case go criminal it will be a long hard road.
FBAR penalties may come to Appeals as stand-alone cases or together with a related income tax or international penalty.
Call us for a free tax consultation today and see how we can give you professional FBAR help to completely solve your tax problems.
We have been resolving FBAR cases since 1982 and we are the go to firm for professional Fbar help.
FBAR, Help, Problems, Resolutions, Tax Attorneys, Former IRS, FBAR, Experts
by Fresh Start Tax | Jul 21, 2012 | Back Taxes, Christian IRS Tax Relief, IRS Tax Problem, Tax Help
Armed Forces, Military – Christian Tax Help, Filing, Back Taxes, Tax Levy, Tax Lien – IRS Tax Experts 1-866-700-1040
We are a professional Christian Tax Firm specializing in IRS problems. We specialize in IRS Tax Representation and have been doing so since 1982.
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 IRS offices.
We can file all your back taxes, release IRS tax levies, and help get federal tax liens released.
We are a Biblical Based Tax Firm
How do you discern godly counsel? <><
Proverbs 12:15 – The wise listen to advice
Proverbs 15:22 – Plans fail for lack of counsel
Proverbs 20:18 – Make plans by seeking advice.
If you need to get the IRS off of your back and stop the worry, call us or Skype us today for a no cost professional tax consultation to stop the IRS.
With the simple filing of a power of attorney the IRS can never speak to you.
Tax Tips Combat Zones.
It is important to understand combat zone in term of IRS.
What geographic areas are considered combat zones?
Combat zones are designated by an Executive Order from the President as areas in which the U.S. Armed Forces are engaging or have engaged in combat.
There are currently three such combat zones (including the airspace above each):
Arabian Peninsula Areas, beginning Jan. 17, 1991 — the Persian Gulf, Red Sea, Gulf of Oman, the part of the Arabian Sea north of 10° North latitude and west of 68° East longitude, the Gulf of Aden, and the countries of Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Kosovo area, beginning Mar. 24, 1999 — Federal Republic of Yugoslavia (Serbia and Montenegro), Albania, the Adriatic Sea and the Ionian Sea north of the 39th Parallel.
Afghanistan, beginning Sept. 19, 2001.
Public Law 104-117 designates three parts of the former Yugoslavia as a Qualified Hazardous Duty Area, to be treated as if it were a combat zone, beginning Nov. 21, 1995 — Bosnia and Herzegovina, Croatia, and Macedonia.
In addition, the Department of Defense has certified these locations for combat zone tax benefits due to their direct support of military operations, beginning on the listed dates:
In support of Operation Enduring Freedom (Afghanistan combat zone):
Pakistan, Tajikistan and Jordan – Sept. 19, 2001
Incirlik Air Base, Turkey – Sept. 21, 2001 through Dec. 31, 2005
Kyrgyzstan and Uzbekistan – Oct. 1, 2001
Philippines (only troops with orders referencing Operation Enduring Freedom) – Jan. 9, 2002
Yemen – Apr. 10, 2002
Djibouti – July 1, 2002
Israel – Jan. 1 through July 31, 2003
Somalia – Jan. 1, 2004
In support of Operation Iraqi Freedom (Arabian Peninsula Areas combat zone):
Turkey – Jan. 1, 2003 through Dec. 31, 2005
the Mediterranean Sea east of 30° East longitude – Mar. 19 through July 31, 2003
Jordan – Mar. 19, 2003
Egypt – Mar. 19 through Apr. 20, 2003
These combat zones are ever changing.
Armed Forces, Military – Christian Tax Help, Filing, Back Taxes, Tax Levy, Tax Lien – IRS Tax Experts
by Fresh Start Tax | Jul 19, 2012 | IRS Tax Problem, Tax Help
There is nothing wrong with having Offshore Bank Accounts. We should know.
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS agents and managers.
We taught Tax Law at the Internal Revenue Service and now we are on your side.
Call us for free tax consult. 1-866-700-1040. Speak directly to a Attorneys, CPAs or Former IRS Agents.
We have over 60 years of direct IRS work experience and over 205 years of professional tax experience.
Your contact with us in all disclosures are covered under attorney client privileged and all information is privileged.
IRS and Offshore Bank Accounts and Programs
The Internal Revenue Service announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements. The IRS never expected this Program to yield such a goldmine. The IRS will go lights out to attack Offshore Bank Accounts and those who have not reported because of the large stream of revenue this program has produced.
OFFSHORE BANK ACCOUNTS
IRS offshore voluntary disclosure programs have so far resulted in the collection of more than $5 billion in back taxes, interest and penalties from 33,000 voluntary disclosures made under the first two programs.Program 3 is underway and look out.
In addition, another 1,500 disclosures have been made under the new program announced in January.
Voluntary Disclosure Programs- OVDP
The voluntary disclosure programs are part of a wider effort by the IRS to stop offshore tax evasion and ensure tax compliance. This includes beefed up enforcement, criminal prosecution and implementation of third-party reporting through the Foreign Account Tax Compliance Act.With new tax treaties being developed at a record pace more countries will be cooperating with the US to go after tax cheats.
Closed Loophole
The IRS also closed a loophole that’s been used by some taxpayers with offshore accounts. Under existing law, if a taxpayer challenges in a foreign court the disclosure of tax information by that government, the taxpayer is required to notify the U.S. Justice Department of the Appeal. This will raise some eyebrow, you think!
The IRS said that if the taxpayer fails to comply with this law and does not notify the U.S. Justice Department of the foreign appeal, the taxpayer will no longer be eligible for the Offshore Voluntary Disclosure Program .
The IRS also put taxpayers on notice that their eligibility for OVDP could be terminated once the U.S. government has taken action in connection with their specific financial institution.
This IRS program that helps bring people back into the tax system will be open for an indefinite period until otherwise announced.
The program is similar to the 2011 program in many ways, but with a few key differences. Unlike last year, there is no set deadline for people to apply.
However, the terms of the program could change at any time going forward. You should check with us for updates.
Offshore Penalty Raised
The offshore penalty has been raised to 27.5 percent from 25 percent in the 2011 program. The reduced penalty categories of 5 percent and 12.5 percent are still available.
OFFSHORE BANK ACCOUNTS – FORMER IRS, ATTORNEYS – EXPERTS, CONFIDENTIAL – IRS HELP – OVDP
