by Fresh Start Tax | Nov 16, 2012 | Representation, Tax Audit, Tax Lawyer
Fresh Start Tax L.L.C. is a professional tax firm comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents and Managers.
We have over 206 years of professional tax experience and over 60 years of direct IRS experience in local, district and regional offices of the IRS.
We taught Tax Law at the IRS. WE know all the tax policies and tax procedure to get you results.
The IRS Notice of Deficiency You must act within the 90 day window
A taxpayer must be formally notified by certified or registered mail when the Internal Revenue Service (IRS) issues a notice of deficiency.
When taxpayers disagree with a IRS tax determination they may petition the United States Tax Court for a judicial determination of the IRS tax liability after receiving a notice of deficiency, without prior payment in full of the tax at issue.
A IRS Notice of Deficiency is a formal letter from the IRS informing a taxpayer of a tax deficiency and advising them of their appeal rights with the United States Tax Court.
It is required by law and is sent by registered or certified mail to the taxpayer’s last known address.
Although a Notice of Deficiency can be issued when no tax return has been filed, it is most often sent when the tax amount shown on a submitted return is less than the actual amount owed according to IRS calculations.
Notice of Deficiency Definition
A notice of deficiency, also called a “statutory notice of deficiency” or “90-Day Letter,” is a legal notice in which the IRS Commissioner determines the taxpayer’s tax deficiency. The notice of deficiency is a legal determination that is preemptively correct and consists of:
1. A letter explaining the purpose of the notice, the amount of the deficiency, and the taxpayer’s options,
2. A waiver to allow the taxpayer to agree to the additional tax liability,
3. A statement to the taxpayer showing how the deficiency was computed, and
4. An explanation of all the adjustments.
The purpose of a notice of deficiency is:
a. To ensure the taxpayer is formally notified of the IRS’s intention to assess a tax deficiency, and
b. To inform the taxpayer of the opportunity and right to petition the Tax Court to dispute the proposed adjustments.
c. A notice of deficiency is issued for un-agreed deficiencies of income or estate and gift tax liabilities.
Information is provided by an IRS Notice of Deficiency
A Notice of Deficiency must include an explanation for the deficiency together with a statement of the tax, interest and penalties that have been assessed.
Important Date
The IRS tax notice should also include the final date on which the taxpayer can file a petition with the United States Tax Court appealing the assessment. This is a statute requirement and drives the appeal rights.
It should be noted that failure by the IRS to specify the last day on which to file a petition will not invalidate an otherwise valid deficiency notice if the taxpayer was not prejudiced by the omission. From time to time this will happen and an experienced tax firm will validated the paperwork.
Responding to a Notice of Deficiency.
Beware – Within 90 days after a Notice of Deficiency is mailed (or within 150 days after mailing if the notice is addressed to a person outside the United States) the taxpayer must pay the assessed amount or file a petition with the Tax Court to contest the liability. Payment of the IRS assessed amount after the deficiency notice is mailed does not deprive the Tax Court of jurisdiction over the deficiency.
In addition, discussion of the case with the IRS during the 90 day period does not extend the time period during which a petition can be filed. You will find all contact information on the notice itself.
Consequences if a taxpayer does not response in a timely manner
If the taxpayer(s) does not file a Tax Court petition within the required time period, the appeal process is closed and IRS has the authority to collect the tax. IRS will asses the tax on their CADE 2 computers and start the billing and enforcement notices.
Since the Tax Court is the only court that will hear the question of whether a tax liability is really owed, the taxpayers only option after the 90 day deadline has passed is to pay the assessed amount in full and then apply for a refund. It is usually unlikely that the taxpayers will do this because most do not have the funds. Therefore it is imperative to act within that 90 days.
We at Fresh Start Tax LLC has Former IRS agents managers and instructors that can help you through this process worry free. 1-866-700-1040.
Notice of Deficiency – IRS Deficiency Notice Tax Help, Former IRS, Tax Attorneys – Fresh Start Tax LLC
by Fresh Start Tax | Nov 5, 2012 | Back Taxes, Representation, Tax Audit, Tax Settlements
IRS Taxes – Owe, File Back Tax Returns, Tax Audit, Settlements
Stop the worry today, let our years of experience work for you.
Let Former IRS agents resolve your tax issues! Our 60 years of IRS experience can be your best friend.
We are friendly and affordable. A plus rated by the Better Business Bureau.
If you are having back IRS tax issues or problems call us today to contact a true tax professional that can completely and permanently resolve your IRS problem and tax issues.
Local Tax Experts.
Fresh Start Tax – 1901 Newport Boulevard
Suite 350
Costa Mesa, CA 92627
866-700-1040
You will speak directly to a Tax Attorneys, Tax Lawyers, CPA’s, Enrolled Agents or Former IRS Agents, Managers and Instructors.
With over 206 years of IRS expereince and over 60 years of working directly for the IRS in the local, district and regional office we can fully stop the IRS today.
Owing Back Taxes, Filing Back Tax Returns, Tax Audit
IRS is pretty straight forward if you owe back taxes. The IRS will take a IRS financial statement to determine how your case will be closed. The IRS form of choice if the 433 A or the 433F. The form choice that is used by the IRS is solely determined on who at the IRS is working your case.
The ASC Unit will use the 433F and the local office will use the longer 433A.
You will have to make sure you fully document the form so make sure you fill out a accurate financial form. you will sign this form under penalties of perjury. Being a Former IRS Agent, I would recommend any taxpayer have a true professional give IRS the financial statement. Usually a true tax pro can get you the result you need.
Filing Back Tax Returns.
We find many taxpayers who owe back taxes have past due returns to file.
We can file all your back taxes with little or no tax records. We pull up an income transcript that is available to tax practitioners and use that as a basis to start your back return preparation. We can file back returns quickly so do not be discouraged if you do not have your tax records. If you are going to owe tax, we can work out a tax settlement.
IRS Tax Audit.
We have many former IRS Agents on staff who worked in the Audit/Appeals Division of the IRS.
We have former agents, managers and appeals agents. We can handle any tax audit and appeals that you may have. IRS Tax Audits are very lengthy. If your tax return is 100% accurate we encourage you to go in to the IRS by yourself, however if your tax return has questionable issues the last thing you want to do is to walk in to the IRS agent without a tax representation. We can review your return for no charge and offer an opinion.
Tax Debt Settlements
An offer in compromise or a tax debt settlement allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you cannot pay your full tax liability, or doing so creates a financial hardship.
After IRS reviews a 433OIC the settlement offer form, IRS will also consider your unique set of facts and circumstances including your
a. Ability to pay;
b. Income;
c. Expenses; and
d. Asset equity.
IRS can generally approve an offer in compromise or Tax debt settlements when the amount offered represents the most the IRS can expect to collect within a reasonable period of time.
The Internal Revenue Service will also explore all other payment options before accepting a offer in compromise.
The Offer in Compromise program is not for everyone. IRS accepts about 15,000 tax debt settlements a year nation wide.
If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.
Call us today 1-866-700-1040 for a free tax review of your case.
IRS Taxes – Owe, File Back Tax Returns, Tax Audit, Debt Settlements – Costa Mesa, Long Beach, Anaheim, Glendale, Santa Ana, Orange, Irvine, Newport – IRS Tax Experts
by Fresh Start Tax | Jul 12, 2012 | Florida Sales Tax, State of Florida, Tax Audit, Tax Lawyer
Let us take away all fear and worry. Let our experience work for you. We are Sales Tax Experts. We are friendly, affordable and accessible.
The stress of a tax audit from the Florida Department of Revenue is both stressful and taxing.
We have represented thousands of clients since 1982 for State of Florida Sales tax issues, problems and for IRS Problems.
We have over 206 years of professional tax experience and over 60 years working directly with the IRS .
Why hire Fresh Start Tax LLC.
We have extensive experience in Sales Tax and IRS representation. We have a tax specialty firm and we are true experts in State and Federal Tax issues.
We can take away your fear by handling ever aspect of the sales tax audit. Should you owe a tax debt we can work out a tax settlement so this will never disrupt your life.
Tax Tips for Sales Tax Audits, State of Florida
What happens when the sales tax audit is over?
After your State of Florida Sales Tax Audit is complete, you can review the audit findings and proposed changes to your tax liability.
The sales tax auditor will give you and your representative a copy of the work papers and explain your rights, including deadlines for filing protests.
If you agree with the tax assessment you can pay the tax in full or work out a payment plan.
If you disagree with the proposal, we can filed a tax appeal. It is critical you respond to all Sales Tax notices that are sent out by the State. Should you fail to respond the State has the ability of creating their own tax assessments for you. Respond to all letters asap.
Call us for a no cost professional tax consult, 1-866-700-1040.
by Fresh Start Tax | Jul 11, 2012 | IRS Tax Audit, IRS Tax Experts, IRS Tax Problem, Representation, Tax Audit, Tax Lawyer, Tax Problem Help
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents. We are true IRS Tax Audit Experts. We taught Tax Law at the IRS and know all the procedures, policies and settlement techniques.
Call for a no cost consult. 1-866-700-1040.
We have over 60 years of direct work experience at the IRS at all levels. We have worked as:
1. Revenue Agents,
2. IRS Auditors ,
3. IRS Audit Managers,
4. Appeals Agents,
5. Revenue Officers,
6. We also taught Tax Law at the IRS.
Our firm has a total of 205 years of total tax experience and have been practicing since 1982 and have a “A” rating with the BBB.
FBAR IRS TAX AUDITS
With IRS collecting over $4.4 billion bucks in past FBAR monies over the past 3 years, the IRS is setting up special groups to deal specifically with FBAR tax audits. Also, the IRS is modernizing its CADE computer system with the latest version, CADE 2. With that in place it will allow the IRS to track taxpayers and successful integrate income tracking software to find unreported income, tax returns and unfiled FBAR reports.
FBAR tax audits are very time consuming and can last anywhere from 3 months to well over a year.
Many times the IRS Tax Auditor reviewing your case can be very unreasonable and just want to close out your case. We find this is true with FBAR tax audits.
We know all the tax procedures and settlement thresholds because we taught them as former IRS Agents.
Call us today and we can review your case for no charge and see if we can help you. 1-866-700-1040.
Let our team of Tax Attorneys, Tax Lawyers and Former IRS Agents can keep your money from the IRS.
Many times we have to file a Federal Tax Appeals to save you large dollars. We fight for every nickel, we hate to lose.
Your Appeal Rights
The IRS has an administrative appeals process that works formally with taxpayers to try to settle tax disputes in an effort to avoid formal court hearings.
The role of Appeals function at the IRS is to make an independent review of a tax dispute and to consider the positions taken by both the taxpayer and the Service. The Appeals function strives to resolve tax disputes in a fair way and remain impartial to both parties and most of the time they do.
The IRS will send you a report and/or letter that will explain the proposed adjustments or proposed or taken collection action. The letter also tells you of your right to request a conference with an Appeals or Settlement Officer, as well as how to make your request for a conference.
IRS Appeals conferences are informal meetings. You may represent yourself or have an attorney, accountant, or an individual enrolled to practice before the IRS, represent you. If you do not reach agreement with the Appeals or Settlement Officer, or you do not wish to appeal within the IRS, you may appeal certain actions through the courts.
Call us today to learn more.
FBAR TAX AUDIT – Fear not – Tax Attorneys, Lawyers, Former IRS – IRS Tax Audit Specialists
by Fresh Start Tax | Jul 10, 2012 | Abatements, Back Taxes, Florida Sales Tax, Tax Audit, Tax Lawyer, Uncategorized
State of Florida Tax Audit 1-866-700-1040
Let our years of government experience be your best friend,
We know the systems and the settlement formulas.
Hire true tax audit experts.
If the State of Florida Department of Revenue is auditing you call us for a no cost professional tax audit consult. 1-866-700-1040.
We can review all the tax audit procedures and help you through the process of the State of Florida tax audit.
We have handled thousands of tax audits and collection clients since 1982.
We are “A” plus rated by the BBB.
We are comprised of Board Certified Tax Attorneys, Lawyers and Former Agents that have over 60 years of direct government experience.
As a tax practice we have over 205 years of working directly on State and Federal Tax cases collection and tax audits.
We were former tax instructors and taught Tax Law.
Why Are Taxpayers Audited by the State of Florida Department of Revenue:
1. Enforce Florida tax laws uniformly,
2. Deter Tax Evasion, ( you also may have been turned in by a former employee, spouse or other )
3. Promote voluntary compliance on all levels,
4. Find tax cheats and criminally prosecute willful failure to file and pay.
With the State of Florida in need of Revenue, the Florida public will see an ongoing rise of tax audits across the board.
With the State sophisticating and updating their tax computer system, they will be able to better track businesses not paying or filing tax returns.
Being Former Agents we know exactly how to fight and win back tax money to minimize your damages.
Call us for a no cost consult. Do not be worried but fight back with experience.
TAX AUDIT – State of Florida – Tax Problem Help – Attorneys, CPA’s, Former Agents – State Tax Representation
