by Fresh Start Tax | Jul 19, 2012 | IRS Tax Problem, Tax Help, Tax Lawyer, Tax Returns, Tax Settlements
We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors.
We have over 60 years of direct work experience at the IRS and over 205 years of professional tax experience.
You can call us anytime for a free tax consult and speak directly to Tax Attorneys, Lawyers, CPAs or former IRS agents. 1-866-700-1040.
The IRS is seriously cracking down on overseas taxpayers, FBAR and EX-PATS.
The IRS found a whopping $4.4 Billion in the FBAR Program alone. US Citizens who live abroad who file and pay correctly have nothing at all to worry about.
One of the best save to minimize to minimize your tax debt is know and understand the Foreign Tax Credits and the laws that surrounding tax credits.
Because of our extensive background with the IRS we can really help minimize your IRS taxes or tax debt.
Trends and Facts
U.S. taxpayers claimed over $90 billion of foreign tax credits on US individual and corporate tax returns in 2005.
Foreign tax credits allow US taxpayers to avoid or reduce double taxation. You may choose to take a deduction for foreign taxes paid instead of choosing a credit. In most cases, it is to your advantage to take foreign income taxes as a tax credit.
How to Qualify for Foreign Taxes
You can claim a credit only for foreign taxes that are imposed on you by a foreign country or US possession. Generally, only income, war profits and excess profits taxes qualify for the credit.
What Foreign Taxes Qualify For The Foreign Tax Credit?
Generally, the following four tests must be met for any foreign tax to qualify for the credit:
1. The tax must be imposed on you
2. You must have paid or accrued the tax
3. The tax must be the legal and actual foreign tax liability
4. The tax must be an income tax (or a tax in lieu of an income tax)
How you can claim the Foreign Tax Credit
File Form 1116 Foreign Tax Credit to claim the foreign tax credit if you are an individual, estate or trust, and you paid or accrued certain foreign taxes to a foreign country or U.S. possession. Corporations file Form 1118 to claim a foreign tax credit.
Tax Compliance Issues with the Internal Revenue Service
The amount of foreign tax that qualifies is not necessarily the amount of tax withheld by the foreign country.
If you are entitled to a reduced rate of foreign tax based on an income tax treaty between the United States and a foreign country, only that reduced tax qualifies for the credit.
If a foreign tax re-determination occurs, a re-determination of your US tax liability is required in most situations.
You must file a Form 1040X or Form 1120X. Failure to notify the IRS of a foreign tax re-determination can result in a failure to notify penalty.
A foreign tax credit may not be claimed for taxes on excluded income.
Call us today for a no cost professional tax consult. 1-866-700-1040
Taxes, US Citizens Living Abroad, Minimize your Tax, IRS Tax Experts, File, Settle, Penalties, Problems, Former IRS, Tax Attorneys
by Fresh Start Tax | Jul 18, 2012 | IRS Tax Problem, Tax Lawyer
We are one of the highest rated Professional Tax Relief Firms in the State of Florida.
You may call us at any time for a no cost professional tax consult. 1-866-700-1040.
You will speak directly to Tax Attorneys, CPA’s and Former IRS Agents.
Over 60 years of direct IRS work experience in the local, district and regional office of the IRS. We taught Tax Law at the IRS.
IRS and the State of Florida Tax Representation
The IRS considers Florida a high target area for IRS activities. Along with California and New York, Florida ranks as the third highest area.
Why is Florida third on the IRS target area.
Due to the sheer volume of the population, the wealth, the transients that come in and out of the State and the amount of foreign dollars that move in and out of the State and lastly the numbers of non filers.
It is very important in hiring a tax firm that a person looks at the firms experience level, BBB rating and complaints registered by third parties. Also critical in this process is being able to speak directly to the person that will handling your case.
Lastly, hiring Former IRS Agents are invaluable. They know all the tips and techniques to get you the relief and savings your need.
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
- FBAR
- Expats
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
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”
- 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
Florida – IRS Tax Relief Firm – Former Managers at the IRS – Attorneys, CPA’s, Former IRS Agents – “A” PLUS Rated BBB
by Fresh Start Tax | Jul 18, 2012 | IRS Tax Problem, State of Florida, Tax Help, Tax Lawyer
Florida IRS and State Tax Problem Relief and securing a solid top-rate tax firm.
Call us for a no cost consult and speak directly to a Tax Attorney, CPA or Former IRS Agent. 1-866-700-1040.
Like all States, Florida is loaded with solid tax practitioners when it comes to IRS and State Tax Relief.
The private tax firms are usually excellent.
It is the tax mills where potential problems lie. Most of these tax mills come and go and change to other names as the Attorney General shuts them down. They simply have another person open a new business under a different name. Florida is notorious for this. Tax Mills abound everywhere.
What to look for in a Tax Firm.
Make sure you look in the firm page and check out the bio’s of the tax professionals.
You want to make sure the firm is staffed with Tax Attorneys or Tax Lawyers, CPA’s and Former IRS agents.
You want to check out their BBB rating and find out how long they have been in business.
Call the firm and ask to speak directly to the person who will handling your case. Ask for the credentials of the person in which you are speaking.
What you do not know is this.
When you call a 1-888 number, you are usually speaking to a salesperson who lands you as a lead, then receives a commission and then they passes you on. They may sell you to a tax professional who buy leads.
Do not be fooled.
In good tax firms you will speak directly to the Attorney, CPA or Former IRS agent who will work your case.
Also if anyone guarantees you a result, run for your life.
Fresh Start Tax – 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 or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- FBAR
- Expatriates Tax Representation
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”
- 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 and Reach FM Monthly
Florida , IRS & State Tax Problem Relief , Tax Help , Former IRS, Attorneys, IRS Experts
by Fresh Start Tax | Jul 16, 2012 | IRS Tax Problem, Tax Lawyer
IRS Tax Fraud – Ft.Lauderdale, Miami, West Palm Beach – IRS Tax Experts – Attorneys, Lawyers, CPA’s, Former IRS 954-492-0088
If you are in need IRS Tax Representation call us for a no cost tax consult. We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS agents and managers.
Here the truth from Former IRS Agents about your tax situation. Let us help with the fear and worry. 954-492-0088.
IRS Tax Fraud is rampant in South Florida. Almost each week the IRS is bringing to justice those taxpayers who are committing tax fraud and tax identity theft.
This month was no different.
This time the Military and Armed Forces were targeted. These people have no shame. These are also very stupid people to think they will not be caught. What are they thinking. They have left paper trails right to there front doors. Stupid is as stupid does.
A Coral Springs woman was sentenced to five years and 10 months in federal prison on Thursday for her role in an identity theft tax fraud that targeted U.S. Marines, prosecutors said.
Dorothy Boulin, 29, admitted that she had obtained a list of Marines’ names and Social Security numbers for identity theft purposes and that she used the information to submit fraudulent tax returns.
Boulin sought close to $54,000 in fraudulent income tax refunds, mostly using Marines’ identities without authorization, prosecutors said.
IRS Tax Fraud – Ft.Lauderdale, Miami, West Palm Beach – IRS Tax Experts – Attorneys, Lawyers, CPA’s, Former IRS
by Fresh Start Tax | Jul 16, 2012 | Christian IRS Tax Relief, IRS Tax Problem, Tax Help, Tax Lawyer
We are a Christian Tax Firm.<><
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
If you are in the Military or the Armed Forces and need IRS Tax Problem Help call or Skype us for no cost professional tax consultation.
We are comprised of Christian Tax Attorneys, CPA’s and Former IRS Agents and Managers.
We have over 60 years of direct IRS work experience. We taught Tax Law at the IRS. We know the system and that experience can work for you and save you a lot of money and headaches.
We can file all your back taxes and settle your case.
Let us take away any fear or worry you have about any IRS tax problems.
Our contact info: Free Consults
1-866-700-1040, Skype- freshstarttax
Did you know that there are special tax benefits for Armed Forces, Military Personnel.
Special Tax Benefits for Armed Forces Personnel
Military personnel and their families face unique life challenges with their duties, expenses and transitions. We appreciate what you do for our country.
1. Moving Expenses.
If you are a member of the Armed Forces/ Military on active duty and you move because of a permanent change of station, you may be able to deduct some of your unreimbursed moving expenses.
2. Combat Pay.
If you serve in a combat zone as an enlisted person or as a warrant officer for any part of a month, all your military pay received for military service during that month is not taxable.
For officers, the monthly exclusion is capped at the highest enlisted pay, plus any hostile fire or imminent danger pay received. You can also elect to include your nontaxable combat pay in your “earned income” for purposes of claiming the Earned Income Tax Credit.
3. Extension of Deadlines.
The deadline for filing tax returns, paying taxes, filing claims for refund, and taking other actions with the IRS is automatically extended for qualifying members of the military.
4. Uniform Cost and Upkeep.
If military regulations prohibit you from wearing certain uniforms when off duty, you can deduct the cost and upkeep of those uniforms, but you must reduce your expenses by any allowance or reimbursement you receive.
5. Joint Returns.
Joint income tax returns must be signed by both spouses.
However, when one spouse is unavailable due to military duty, a power of attorney may be used to file a joint return.
6. Travel to Reserve Duty.
If you are a member of the US Armed Forces Reserves, you can deduct unreimbursed travel expenses for traveling more than 100 miles away from home to perform your reserve duties.
7. ROTC Students.
Subsistence allowances paid to ROTC students participating in advanced training are not taxable. However, active duty pay – such as pay received during summer advanced camp – is taxable.
8. Transitioning Back to Civilian Life.
You may be able to deduct some costs you incur while looking for a new job.
Expenses may include travel, resume preparation fees, and outplacement agency fees. Moving expenses may be deductible if your move is closely related to the start of work at a new job location, and you meet certain tests.
Should you need an tax problem help call us today for a no cost consult.
by Fresh Start Tax | Jul 16, 2012 | Back Taxes, Expatriate Tax, IRS Penalties, IRS Tax Problem, Tax Lawyer, Tax Returns
We are International Tax Experts for Expatriates Tax Services, Consultations and IRS Tax Relief.
We can take all the worry and fear out of your IRS tax situation. We are former IRS Agents and Managers and have over 60 years of direct IRS work experience. We have a total of 206 years of total tax experience.
Call us for a free tax consult,1-866-700-1040.
We can file all current tax returns, file all back tax years and settle any back taxes you may owe.
Filing Dates for Tax Returns.
March 15th Form 1120 and 1120S.
Due date for US Corporations and Sub-Chapter S corporation unless extended with Form 7004
March 15th Due Date.
Form 3520A for foreign trusts
April 15th Due Date.
For any 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 Form 1040 ES.
First payment for current years first installment of quarterly income and self employment taxes to avoid penalties.
June 15th Form 1040 ES.
Second payment on 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 Tax Form 4868.
June 30th 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 ES.
Third pay current years third installment of quarterly income and self employment taxes to avoid penalties.
September 15th Extended Due Date.
For U.S. Corporation Returns 1120 and 1120S
October 15th Final Expat Form 1040 Due date .
You may not get another tax extension.
January 15th Form 1040 ES Fourth installment of quarterly income and self employment taxes to avoid penalties.
Please Note the following If any of days list above fall on a weekend or national holiday, the due date is automatically moved to the first week day following the weekend or holiday.
The IRS recently announced that the due date for 2010 individual federal income tax returns will be Monday, April 18, 2011. Each year dates differ, please check with us for yearly changes.
Expatriate Tax Help – All Countries – England, Australia, Japan, UAE – Filing, Back Taxes, Penalties – Expat Experts
