by Fresh Start Tax | Aug 12, 2019 | Tax Help
Have true IRS AUDIT tax experts represent you during an IRS or state tax audit. AFFORDABLE, SINCE 1982
We have over 200 years of professional tax experience and over 100 years of working directly for the government.
We are used by several hundred clients in the West Palm Beach area and have been representing individuals, businesses and corporations in the Tampa, Bay, St Pete and Mouse Country since 1982,
We know all the systems and protocols that the federal and state used to assure you the very best tax audit defense.
We have worked thousands of cases since 1982.
On staff are attorneys, lawyers, CPAs, enrolled agents, and former IRS agent, managers and teaching instructors. We have over 100 direct years of government experience.
We are some of the most seasoned and veterans professionals in the business. We can handle any IRS or state tax matter and we’ve been doing that in Sebring since 1982. We are the affordable professional tax firm.
You go to your mailbox and there it is, a nasty gram!
Just call us, STOP THE WORRY, WE DID THIS FOR A LIVING SO WE KNOW THE ANSWERS.
Everyone fears the dreaded letter from the IRS. You open it up and it is some of the worst news possible, ” you have been selected for a tax audit for years……….
There are ways you can protect yourself from a IRS Tax Audit.
As IRS Tax Attorneys, Former IRS Agents, Managers and Instructors we have discovered ways for the average taxpayer to keep themselves from a IRS tax audit.
When you retain our firm you’ll never have to speak to IRS or State.
As former IRS agents, managers and teaching instructors we know all the IRS systems, and the methodologies, and the best way to settle your tax case for the lowest amount possible.
When dealing with the IRS the key making sure we can provide the very best tax defense, make sure the IRS will not dig into other years and if you’re going to owe money, work out a plan or a settlement at the same time.
How to Protect Yourself From Future Audits
1. Have your tax return prepared by a reliable tax return preparer. If your preparer promises large refunds without asking to see the proper records for deductions and credits, you know that you will be audited after the return has been filed.
When your tax return preparer deducts items that should have not been deducted, you’re the one who will be audited and you will be required to pay the additional tax, interest and penalties.
If the IRS believes that your tax return preparer is incompetent or deducts large non-existent deductions, all of the returns prepared by that return preparer will more likely be selected for audit.
You do not want a tax return preparer who promises you the largest refund, but a tax return preparer who will compute the correct tax.
It is recommended that you hire a tax return preparer who knows the tax law and who deducts items on the tax return that you can properly document.
Don’t forget you are ultimately responsible for the additional tax, interest and penalties.
2. File all your required tax returns by the due date. If you haven’t filed your tax returns, the IRS will eventually audit on you.
By not filing your tax returns timely, the IRS will assess the failure to file penalty at 5% per month up to 25% of the tax. If the IRS determines that your failure to file was attributable to fraud, the penalty will be 15% per month up to 75% of the tax.
Thus, you are always better off filing the tax return by the due date, even if you don’t have the funds to pay the tax because you will not be assessed the failure to file penalties.
3. Report all of your income shown on the Form 1099’s that you have received. Even if you don’t receive a 1099, you still have to report all of your income. If you file your tax return without reporting all of your income, you are risking an audit.
If the IRS audits your tax return and finds omitted income, you will be assessed tax on the omitted income plus interest on the tax computed from the due date of the tax return to the date that the tax is paid.
Then, the IRS will apply the 20% accuracy related penalty or the 75% fraud penalty on the additional tax plus the interest on the penalties computed from the due date of the tax return to the date that it is paid.
4. Don’t deduct an office in a home. To qualify for an office in a home deduction, you must use the office for work and it must be your primary place of business. Most taxpayer’s abuse this deduction.
Further, let’s say that you properly documented that you used 15% of your residence for business, when you sell the residence, the IRS will correctly argue that 15% of the gain from the sale is taxable income. This will create unintentional tax liability on your part. Unless you have a compelling reason to take this deduction, stay away from it.
5. Don’t deduct a large Sch C loss, unless you truly have a loss. A large Sch C loss means that your business deductions exceeded your income from the activity.
The IRS will be questioning you on the source of the funds to pay for those excess deductions. You will need to document sources of the non-taxable income to pay for that loss. If you sold assets to fund the loss, you will need to document those sales.
The possible sources of the non-table income would include loans, gifts and inheritances. These sources will have to be documented to the IRS, if requested by them.
The documentation would include copies of checks, closing papers, gift tax returns of the person who made the gifts and estate tax returns for inherited funds.
6. Don’t deduct a loss from a business activity that the IRS can classify as a hobby loss, unless you have the documentation for that loss.
If you deduct a loss from a horse racing, dog racing, car racing, a boat chartering activity or any other activity that is fun; the IRS will ask you to prove that the activity is engaged for profit.
Thus, you should have a separate bank account for these activities and a business plan on how you expect to make a profit from the activity. You will need to show valid business projections.
7. When you deduct donations of property to a charitable organization, you need to have the required documentation that will always include a valid appraisal. Only deduct what you actually donated to the charitable organizations and can verify with copies of canceled checks.
8. When you deduct a casualty loss, you need the proper documentation for the deduction. The documentation will always include an appraisal of the property before and after the casualty.
The amount reimbursed by insurance for the casualty. You will also need to prove your adjusted basis in the property before the casualty.
If you have a theft loss, make sure that you report the theft to the police and obtain a police report for the incident.
9. You should always be prepared for an audit by having in your possession all of the documents needed to verify the items shown on your tax return even before it is ever audited.
You do not want to search for the verification after your tax return has been selected for audit by the IRS.
10. If you are selected for a tax audit, call Fresh Start Tax LLC to ensure the best possible results.
Protect yourself from an IRS tax audit.
Have Fresh Start Tax LLC prepare your next tax return.
AFFORDABLE Tax Audit Help + IRS Tax Audit Attorney, Sales Tax Lawyer, Former IRS + Tax Audit Defense Representation + Tampa, Orlando, St. Petersburg
by Fresh Start Tax | Aug 12, 2019 | Tax Help
We have been in practice since 1982 and are true local IRS tax debt relief specialists. A+ rated BBB.
We have over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service in the local, district, and regional offices of the IRS.
We are staffed with tax attorneys, tax lawyers, CPAs, and a plethora of other tax professionals for affordable and experienced.
Do not be fooled by tax mills, check who is doing your work, they cannot beat our prices and affordability.We are the true experts.
Our principal has been on FOXBusiness news, ABC the briefing, CBS and NBC.
We are staffed with former revenue officers, revenue agents, appellate agents, IRS managers, IRS supervisors, and IRS teaching instructors. Within minutes of looking at your case, we will know the exact remedy and be able to give you a flat fee pricing how to resolve your case.
We can work anything from simple IRS notice or letter, to representation in the local offices, going to appeals, going to Tax Court, all work is handled within our firm.
How does IRS deal With Tax Debt?
There are very specific formulas and methodologies that IRS uses to determine how they will deal with tax debt.
At the very beginning you should know that all tax returns must be filed before IRS will close your case.
If you have not filed your back tax returns, we can have our affordable IRS experts prepare your returns. If you have lost your records or need tax reconstruction, our former IRS agents can assist with this and make this a very seamless process.
IRS uses a basic financial statement to deal with your tax debt. They will use form 433A or 433F, you can find those forms on our website.
IRS will want to review that financial statement along with copies of six months worth of bank statements, copies of all pay stubs along with all monthly expenses to make a determination on the availability possible payments to Internal Revenue Service.
This is not an IRS tax audit just a very surface review of your current financial statement.
You do want to make sure it is correctly filled out and there is an art to that statement.
How does the Internal Revenue Service close a tax debt off their enforcement computer?
IRS uses three basic closing methods after review of your current financial statement.
1.The first closing method is called a hardship or currently not collectible.
What this means is, IRS’ reviews your current financial statement and determines you have no money to make payments at this time. The good news is IRS’s off your back for a couple years and the bad news is IRS can review your case in two or three years and penalties and interest continue to run.
Over 40% of all taxpayers who have IRS tax debt have their cases suspended or put in hardship because of their current financial condition.
2. The second closing method is called a monthly payment or installment agreement.
After the Internal Revenue Service reviews your current financial statement it may determine you have enough money to make a back payment to them. When you call us we will review that process specifically with you.
6.5 million taxpayers a year are on current monthly payment agreements.
3. The third closing method is called the offer in compromise or the IRS settlement.
Some people call this settling for pennies on the dollar.
There is a very specific formula to have an offer in compromise accepted.
Our principal owner is a former IRS agent revenue officer who taught the offer in compromise program at his time in IRS. Our first goal is to settle all cases through the offer in compromise for those who are settlement candidates.
We will let you know on your immediate first consultation whether we can settle your debt.
Over 32,000 people had their offer in compromise settle last year from an average settlement of $9500.
Call us today for free initial tax consultation and learn the truth about IRS tax debt relief.
We are a full-service firm with all work being done in-house.
We are the most experienced firm in South Florida.
Nobody has more IRS combined experience of former agents than our firm.
Orlando + Affordable IRS Tax Help Relief + Resolve Debt For Less + Settlements + Payment Plans + Hardships + Former IRS Managers, Since 1982
by Fresh Start Tax | Aug 12, 2019 | Tax Help
We have been in practice since 1982 and are true local IRS tax debt relief specialists. A+ rated BBB.
We have over 200 years of professional tax experience and over 100 years of working directly for the Internal Revenue Service in the local, district, and regional offices of the South Florida IRS.
There is no one in South Florida that has more experience or worked more cases than are firm.
Our principal has been on FOXBusiness news, ABC the briefing, CBS and NBC.
We are staffed with former revenue officers, revenue agents, appellate agents, IRS managers, IRS supervisors, and IRS teaching instructors. Within minutes of looking at your case, we will know the exact remedy and be able to give you a flat fee pricing how to resolve your case.
We can work anything from simple IRS notice or letter, to representation in the local offices, going to appeals, going to Tax Court, all work is handled within our firm.
How does IRS deal With Tax Debt?
There are very specific formulas and methodologies that IRS uses to determine how they will deal with tax debt.
At the very beginning you should know that all tax returns must be filed before IRS will close your case.
If you have not filed your back tax returns, we can have our affordable IRS experts prepare your returns. If you have lost your records or need tax reconstruction, our former IRS agents can assist with this and make this a very seamless process.
IRS uses a basic financial statement to deal with your tax debt. They will use form 433A or 433F, you can find those forms on our website.
IRS will want to review that financial statement along with copies of six months worth of bank statements, copies of all pay stubs along with all monthly expenses to make a determination on the availability possible payments to Internal Revenue Service.
This is not an IRS tax audit just a very surface review of your current financial statement.
You do want to make sure it is correctly filled out and there is an art to that statement.
How does the Internal Revenue Service close a tax debt off their enforcement computer?
IRS uses three basic closing methods after review of your current financial statement.
1.The first closing method is called a hardship or currently not collectible. What this means is, IRS’ reviews your current financial statement and determines you have no money to make payments at this time. The good news is IRS’s off your back for a couple years and the bad news is IRS can review your case in two or three years and penalties and interest continue to run.
Over 40% of all taxpayers who have IRS tax debt have their cases suspended or put in hardship because of their current financial condition.
2. The second closing method is called a monthly payment or installment agreement. After the Internal Revenue Service reviews your current financial statement it may determine you have enough money to make a back payment to them. When you call us we will review that process specifically with you.
6.5 million taxpayers a year are on current monthly payment agreements.
3. The third closing method is called the offer in compromise or the IRS settlement. Some people call this settling for pennies on the dollar.
There is a very specific formula to have an offer in compromise accepted.
Our principal owner is a former IRS agent revenue officer who taught the offer in compromise program at his time in IRS. Our first goal is to settle all cases through the offer in compromise for those who are settlement candidates.
We will let you know on your immediate first consultation whether we can settle your debt.
Over 32,000 people had their offer in compromise settle last year from an average settlement of $9500.
Call us today for free initial tax consultation and learn the truth about IRS tax debt relief.
We are a full-service firm with all work being done in-house.
Nobody has more IRS combined experience of former agents than our firm.
Orlando Affordable Expert Tax Representation + Help with IRS Tax Debt Settlement + IRS Specialist, IRS Tax Relief Services, Since 1982
by Fresh Start Tax | Aug 12, 2019 | Tax Help
You must keep records, such as receipts, canceled checks, and other documents that support an item of income, a deduction, or a credit appearing on a return as long as they may become material in the administration of any provision of the Internal Revenue Code, which generally will be until the period of limitations expires for that return.
Period of limitations for assessment of tax:
3 years
For assessment of tax you owe, this period is generally 3 years from the date you filed the return. Returns filed before the due date are treated as filed on the due date.
No limit
There’s no period of limitations to assess tax when you file a fraudulent return or when you don’t file a return.
6 years
If you don’t report income that you should have reported, and it’s more than 25% of the gross income shown on the return, or it’s attributable to foreign financial assets and is more than $5,000, the time to assess tax is 6 years from the date you filed the return.
Period of limitations for refund claims:
The later of 3 years or 2 years after tax was paid – For filing a claim for credit or refund, the period to make the claim generally is 3 years from the date you filed the original return (or the due date for filing the return if you filed the return before that date) or 2 years from the date the tax was paid, whichever is later.
7 years
For filing a claim for an over payment resulting from a bad debt deduction or a loss from worthless securities, the time to make the claim is 7 years from when the return was due.
Property Records
Keep records relating to property until the period of limitations expires for the year in which you dispose of the property in a taxable disposition. You must keep these records to figure your basis for computing gain or loss when you sell or otherwise dispose of the property.
Healthcare Insurance
You should keep records of your own and your family member’s health care insurance coverage, including records of employer-provided coverage or premiums paid and type of coverage for private coverage, so you can show that you and your family members had and maintained required minimum essential coverage.
If you’re claiming the premium tax credit, you’ll need information about any advance credit payments you received through the Health Insurance Marketplace, the premiums you paid, and the type of coverage you obtained at the Marketplace.
If you or any of your family members are exempt from minimum essential coverage, you should retain certificates of exemption you may receive from the Marketplace or any other documentation to support an exemption claimed on your tax return.
Business Income and Expenses
If you’re in business, there’s no particular method of bookkeeping you must use. However, you must use a method that clearly and accurately reflects your gross income and expenses.
The records should substantiate both your income and expenses.
If you have employees, you must keep all your employment tax records for at least 4 years after the tax becomes due or is paid, whichever is later.
by Fresh Start Tax | Aug 12, 2019 | Tax Help
We are the Affordable, Experienced Professional Tax Firm, since 1982. A plus rated. We are true IRS and state tax experts. Experienced Tax Veterans.
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
We have worked thousands of cases since 1982 and have over 100 years of working directly for the Internal Revenue Service and have over 200 years of professional tax experience.
We have hundreds of clients in Tampa, Orlando, St. Petersburg
We understand all of federal and state tax protocols.
After five minutes of reviewing your case we can give you a complete exit strategy to get IRS out of your life once and for all.
We can help you with any IRS tax issue that you have, we have seasoned and veteran attorneys, CPAs and former IRS agents can help you with any IRS tax debt, IRS settlement called an offer compromise or offer you various types of IRS tax relief.
If you have any back IRS debt or filling issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982.
Last year alone over 14 million people did not file or pay their taxes timely.
We are former IRS agents, managers and teaching instructors and know all the methodologies, settlement theories and negotiation strategies to resolve any tax debt that may be facing you.
Since 1982 we have been resolving tax debt issues for thousands of clients. we can solve any IRS tax matter or issue and review with you carefully weigh possible to solve any IRS problem.
We have worked thousands of cases and we have been former IRS agents, managers, supervisors and teaching instructors.
Within five minutes of hearing about your current situation we can give you an exact remedy to end your IRS tax problem file your back tax returns and settle your back tax problems.
Many of the taxpayers who call us need to file back tax returns and their variety of reasons why taxpayers have not who have not filed. The reason makes no difference.
The bottom line is, sooner or later you have to file back tax returns.
We have a very easy and simple process to file all your back tax returns and settle your debt all at the same time.
Filing your Back Taxes with IRS/State
With or without records we can complete all your tax returns due to our enormous amount of experience we have in filing back tax returns.
We can simply pull IRS transcripts and prepare all back tax returns or we can prepare back tax returns to the process of IRS reconstructions. As former IRS agents and auditors we know exactly how to file your back tax returns with no records.
Options for Settling IRS/State Tax Debt to IRS
There are three basic ways that taxpayers settle their current tax situation for back taxes with the Internal Revenue Service.
There are different ways to settle IRS tax debt and there are generally three programs that the taxpayer can qualify for.
The first is a hardship or currently non-collectible.
There is good news and bad news about this program. After IRS takes a current documented financial statement, IRS may determine you are not collectible at the current time. IRS will suspend your case for a period of 1 to 3 years and put a freeze on it.
The good news is IRS’s off your back for a couple of years and the bad news is penalties and interest still run on it.
Taxpayer should also be aware that the case will come out every couple of years to be reviewed.
The second program is the installment agreement or monthly payment.
After IRS takes a current financial statement they will determine how much money they expect from you on a monthly basis. IRS has certain national standards test that they use to determine if the taxpayer will be placed into a payment agreement.
You can find the national standards on our site.
The third way to sell your debt is to qualify for an offer in compromise, this is where you can settle your debt for pennies on the dollar. it’s important for taxpayers to understand that not all are eligible for the offer in compromise program.
There is a pre-qualifier tool.
I suggest everyone who wants to go the route was the direction of the offer make sure they are truly qualified before wasting time and money.
As a former IRS agent I taught the offer in compromise program at the IRS. I can tell you within seconds of your settlement candidate.
After review of your current financial statement we will let you know which of the program to qualify for and start to remove IRS out of your life.
Call us today for free initial tax consultation and we will walk you through the process and tell you how many years you have to file and let you know the different tax strategies based on your current financial conditions.
You will never have to speak to the Internal Revenue Service, ever. We handle all the communication.
Feel free to call us by voice or Skype us directly. freshstartax
We are a full-service firm with all work being done in-house.When you call our firm you not speak to salespeople but the actual persons working your case.
When you call our office you will speak to a true tax professional and not a salesperson. we know the system inside and out and have saved thousands of dollars for clients over the years.
Affordable IRS & State Tax Expert Representation + Since 1982 + IRS Tax Debt Options, Tax Returns, IRS Audits, Tax Liens, Garnishments, Levy’s Releases
by Fresh Start Tax | Aug 12, 2019 | Tax Help
We are the Affordable, Experienced Professional Tax Firm, since 1982. A plus rated. We are true IRS and state tax experts.
We are staffed with tax attorneys, tax lawyers and a plethora of other tax professionals who can deal with IRS debt.
We have worked thousands of cases since 1982 and have over 100 years of working directly for the Internal Revenue Service.
We are true experts for any IRS or state tax matter. We can negotiate any tax debt through various programs that IRS has, file all your back tax returns, represent you during an IRS tax audit, discuss how we can release the federal tax lien, and remove a tax levy or IRS remove an garnishment once we have received your current financial statement.
We understand all of federal and state tax protocols.
After five minutes of reviewing your case we can give you a complete exit strategy to get IRS out of your life once and for all.
We can help you with any IRS tax issue that you have, we have seasoned and veteran attorneys, CPAs and former IRS agents can help you with any IRS tax debt, IRS settlement called an offer compromise or offer you various types of IRS tax relief.
If you have any back IRS debt or filling issues contact us today and we can tell you exactly how to solve your problem. Affordable, since 1982.
Last year alone over 14 million people did not file or pay their taxes timely.
WE CAN HELP!
We are former IRS agents, managers and teaching instructors and know all the methodologies, settlement theories and negotiation strategies to resolve any tax debt that may be facing you.
Since 1982 we have been resolving tax debt issues for thousands of clients. we can solve any IRS tax matter or issue and review with you carefully weigh possible to solve any IRS problem.
We have worked thousands of cases and we have been former IRS agents, managers, supervisors and teaching instructors.
Within five minutes of hearing about your current situation we can give you an exact remedy to end your IRS tax problem file your back tax returns and settle your back tax problems.
Many of the taxpayers who call us need to file back tax returns and their variety of reasons why taxpayers have not who have not filed. The reason makes no difference.
The bottom line is, sooner or later you have to file back tax returns.
We have a very easy and simple process to file all your back tax returns and settle your debt all at the same time.
Filing your Back Taxes with IRS/State Governments
With or without records we can complete all your tax returns due to our enormous amount of experience we have in filing back tax returns.
We can simply pull IRS transcripts and prepare all back tax returns or we can prepare back tax returns to the process of IRS reconstructions.
As former IRS agents and auditors we know exactly how to file your back tax returns with no records.
Options for Settling IRS/State Tax Debt
There are three basic ways that taxpayers settle their current tax situation for back taxes with the Internal Revenue Service.
There are different ways to settle IRS tax debt and there are generally three programs that the taxpayer can qualify for.
The first is a hardship or currently non-collectible.
There is good news and bad news about this program. After IRS takes a current documented financial statement, IRS may determine you are not collectible at the current time. IRS will suspend your case for a period of 1 to 3 years and put a freeze on it.
The good news is IRS’s off your back for a couple of years and the bad news is penalties and interest still run on it.
Taxpayer should also be aware that the case will come out every couple of years to be reviewed.
The second program is the installment agreement or monthly payment.
After IRS takes a current financial statement they will determine how much money they expect from you on a monthly basis. IRS has certain national standards test that they use to determine if the taxpayer will be placed into a payment agreement.
You can find the national standards on our site.
The third way to sell your debt is to qualify for an offer in compromise, this is where you can settle your debt for pennies on the dollar. it’s important for taxpayers to understand that not all are eligible for the offer in compromise program.
There is a pre-qualifier tool.
I suggest everyone who wants to go the route was the direction of the offer make sure they are truly qualified before wasting time and money.
As a former IRS agent I taught the offer in compromise program at the IRS. I can tell you within seconds of your settlement candidate.
After review of your current financial statement we will let you know which of the program to qualify for and start to remove IRS out of your life.
Call us today for free initial tax consultation and we will walk you through the process and tell you how many years you have to file and let you know the different tax strategies based on your current financial conditions.
You will never have to speak to the Internal Revenue Service, ever. We handle all the communication.
Feel free to call us by voice or Skype us directly. freshstarttax
We are a full-service firm with all work being done in-house.When you call our firm you not speak to salespeople but the actual persons working your case.
When you call our office you will speak to a true tax professional and not a salesperson. we know the system inside and out and have saved thousands of dollars for clients over the years.
Orlando + Affordable Experts + IRS & State Tax Expert Representation + Since 1982 + Tax Debt, Tax Filings, IRS Audits, Tax Liens, Garnishments, Levy, Payment Plans
