by Jim Magary | May 3, 2016 | Tax Help
We are an “Affordable Local Professional Tax Firm” that specializes in IRS and state tax debt help on back taxes.Since 1982.
We are former IRS Agents & Managers who know the system, since 1982.
We worked out of the local South Florida offices as managers, supervisors, and teaching instructors. We were also on the job instructors for new IRS agents.
Call us today for a free initial consultation and hear the truth about any tax problem you are currently having.
We handle all civil cases are and are one of the most honest, trustworthy and experienced tax firms in South Florida. We have been in private practice since 1982 and are true affordable tax experts in resolving individual, business and payroll taxes debt.
If you owe the Internal Revenue Service back taxes or back tax debt, it only makes sense to hire former IRS agents and managers who know the system inside and out. We can review with you all the tax options and solutions to reduce your tax debt or tax bill.
We understand all the protocols and systems to affordably and swiftly deal with any IRS tax issue so we can reduce and resolve your IRS or State Tax Problem.
We can help anyone who owes any federal, State, individual, business, or payroll taxes including those who have not filed back tax returns and those wishing to settle IRS tax debt.
If you Haven’t Filed Back Tax Returns
If you have not file tax returns, our former IRS agents can prepare your back tax returns with little or no records and settle your tax debt at all at the same time.
Make sure you file your back tax returns because IRS enjoys the privilege of filing your back tax returns under 6020 B of the code if you fail to file back taxes. What this means is that IRS can prepare a substitute for return, SFR.
They will file your return to make sure you pay the highest amount allowed by law. If this is happened to you, you can file for an IRS audit reconsideration. IRS audit reconsideration sometimes can take up to six months to work.
IRS Required Financials Statements on cases involving Tax Debt on Back Taxes
If you owe back taxes and as a general rule your financial statement will determine how IRS will close your settle your case. Form 433F. The completion of your financial statement is one of the keys to deal with the Internal Revenue Service.
If you owe individual, business or payroll taxes, we will take a current financial statement contact the IRS and work out an affordable individual or business payment plan and/or file and settle the tax if applicable.
It is critical that you understand the importance of your current financial statement because it will determine the outcome of your case.
Your last 3 to 6 months of your financial condition is IRS’s determining factor on your case resolution.
Most cases in which back tax debt is owed to Internal Revenue Service will require a current and verifiable financial statement. Generally on forms 433F or 433A.
You can find those financial statements directly on our website.
When you call us we will give you the financial statement applicable to your case.
As a general rule, when taxpayers or businesses owe back individual or payroll taxes, IRS closes case out by putting them into hardships, asking for payments or the settlement through the offer in compromise.
These are the three most common ways that IRS close cases off their enforcement computer.
1.40% go into a currently not collectable,
2. 6.5 million people get put into payment plans and,
3. 40,000 people get offers in compromise accepted.
We will explore every option and can get you the very best possible tax settlement.
Please keep in mind IRS is a general statute of limitations on 10 years on all collection cases. Certain exemptions exist.
Since 1982 we have been resolving IRS tax debt for individuals, businesses and corporations that owe back federal taxes including payroll tax debt.
Call us today for a free initial tax consultation. Speak to true tax experts.
Since 1982 we have been resolving tax debt for South Florida and people across the United States. We are a full service tax firm.
Owe IRS Back Taxes + Individual, Business, Payroll Taxes + Unfiled Taxes + Settle IRS + Tax DEBT Relief + 33486, 33432, 33431, 33487 + BOCA RATON
by Jim Magary | May 3, 2016 | Tax Help
We are an AFFORDABLE local South Florida tax firm that specializes in IRS tax problems, Since 1982.
As former IRS agents and managers we worked out of the local South Florida offices specifically, we worked out of the Miami, North Miami and Fort Lauderdale office.
We also worked as managers, supervisors and teaching instructors.
Not only did we work in the above aforementioned positions, we are also on-the-job trainers for new IRS employees.
We know all the IRS systems inside and out we have worked both sides of any IRS problem and know the protocols and methodologies to resolve any IRS matter.
If you Haven’t Filed Back Tax Returns, you are not alone the tax gap is $450 billion.Over 16 million tax returns were not file timely to the Internal Revenue Service last year.
The tax gap is a figure placed on taxes that should-be been collected if all tax returns were filed.
IRS is working hard to make sure all those with unfiled tax returns are back in the system. The IRS Cade 2 computer us working hard to close the tax gap which is currently $500 billion.
Also, please keep in mind if you don’t file your back tax returns IRS has the option of filing your tax return under 6020 B of the IRC. IRS will do you no favors in filing, you will pay the highest amount allowed by law.
Filing back tax returns is not an issue for our firm. We have prepared thousands of back tax returns with or without tax records.
There is a very systematic way to do this and it is called income tax reconstruction.
We take the methodologies learned at Internal Revenue Service and apply the best practice standards to go ahead and prepare your back tax return and make sure you pay the lowest amount allowed by law. If you are going to owe money as result of your tax filing we can settle your tax debt as well.
On cases where taxpayers have received notices, we send IRS a power of attorney so you will never have to speak to IRS and we handle all the correspondence.
From there we go ahead and start the preparation of our tax return process by pulling IRS transcripts and any available records. From there, we submit the tax returns to IRS at the same time work out a remedy or solution if you’re go to owe back tax debt.
It is important for every taxpayer to know that if they are in a position where they haven’t filed back taxes that they start making estimate tax payments or creased or withholding to cover their new IRS tax debt. Internal Revenue Service wants to make sure future compliance is not an issue.
IRS Tax Debt Settlements, I am a former IRS agent and teaching instructor of the offer in compromise.
If you need to settle your tax debt with Internal Revenue Service, as a general IRS will want to current financial statement to make a determination.
You will need to do that on the IRS form 433A or 433F.
As a general rule upon your submission of your current documented financial statement,
IRS will either place you went into:
1.currently not collectible file (hardship) or ,
2. ask you for a monthly payment.
Many taxpayers are eligible for the offer in compromise program to settle their debt for pennies on the dollar.
Last year over 38,000 taxpayers settle their tax debt for an average of $6500 per case. Keep in mind that is just an average national average in your case is completely dependent on your current financial statement.
Before you file for offer in compromise it is wise to fill out the IRS pre-qualifier tool to make sure you were a viable candidate and don’t waste any money.
When you call our office we will be review with you the various options you have to completely and permanently remedy all your IRS tax problems once and for all.
If the IRS has filed a federal tax lien against you, when you call our office we will go over the different ways you may be able to release your federal tax lien. The lien will stay on your record for 10 years from the date of assessment unless an offer in compromise was accepted or you got into an IRS payment agreement that met the qualifications.
We are a full-service firm that specializes in IRS tax relief. With over 206 years of professional tax experience and over 65 years of combined work experience.
We are one of the most affordable, experience, and trustworthy firms in the South Florida area. Since 1982 we have been helping South Floridians.
If you need to file tax returns, need an IRS tax settlement, need to work a payment plan, or if your experience a IRS tax hardship or need to get IRS levies and tax liens released call us today.
Call us today for a free initial tax consultation.
Haven’t Filed Back Tax Returns + Settle IRS Tax Debt + Payment Plans + Liens, Levies +33486, 33432, 33431, 33487 + BOCA RATON
by Jim Magary | May 3, 2016 | Tax Help
An AFFORDABLE Professional and Experienced Firm, A plus Rated BBB. Since 1982, South Florida Sales Tax Firm.
We have over 206 years of professional tax experience in over 65 years of combined work experience in government agencies.
We are true local experts, since 1982.
Call us today for free to initial tax consultation and we will explain to you the Florida sales tax audit procedures and defenses.
We are specialist for all IRS & State matters as well.
Fresh Start Tax LLC has its main office in Ft. Lauderdale, Florida and the firms staff consists of CPA’S, former IRS agents and former instructors who have worked hand in hand with the Florida’s Sales Tax and the Department of Revenue.
Fresh Start Tax and it’s principles have handled thousands and thousands of cases over the years, both in government service and in their professional practice.
We handle cases all through the State of Florida.
Our professionals are members of various National Organizations, have been keynote speakers on tax issues and are certified by the Florida Department of Professional Regulation to administer and teach other professionals in their continuing educational programs.
With your free initial consultation we will review your case and give you very specific expectations based on your circumstances. Please keep in mind not all circumstances are the same and your history and your tax records will determine the outcome of your case.
As former agents and teaching instructors we have an excellent idea on how these cases will go down. If you will all back tax will work out a settlement for you at the same time.
State of Florida sales tax representation includes the following matters with the Florida Department of Revenue:
• Tax audits on any and all sales tax issues and matters,
• Non-filing matters,
• Criminal investigations that are referred to attorneys that best fit your profile,
• Department of Revenue enforcement action or warrant proceedings
• Stipulated time payments,
• Requests for settlements or Compromise
The Keys to resolving your Florida Sales Tax Problem
There are several keys to make sure your case is resolved timely. These keys are necessary on every case. The Department of Revenue is interested in resolving the cases in their system.
The DOR goal is to close cases and get them out of their inventory.
Here are the keys necessary to stop enforcement action on your back taxes.
• Have all your tax returns filed before you call Florida Sales Tax and the Department of Revenue on your back tax issues.
• Be prepared to give the Department of Revenue a financial statement whether you are a hardship candidate, want an installment agreement or want to settle your case.
• Be prepared to give the Department of Revenue all supporting documentation to prove your financial statement.
• Make sure you are current on deposit requirements.
If Are you being Audited by Florida DOR, Read Carefully
The State of Florida, Department of Revenue audit taxpayers to:
• Enforce Florida tax laws uniformly.
• Deter tax evasion.
• Promote voluntary compliance.
• Educate taxpayers.
As a general rule, the State of Florida Sales Division accepts most tax returns as filed, however they audit some returns to verify accuracy and evaluate compliance.
Florida Sales Tax Audits do not always result in the taxpayer owing additional tax, penalty or interest.
The auditor may adjust a credit carryover or correct distribution without assessing additional tax. The auditor may even determine that a refund is due.
How Are Taxpayers Selected for Audit by the Florida Sales Tax Division
The methods for selecting a business or individual to audit vary from tax to tax.
Here are some examples of sources we use to identify a potential audit candidate:
• Internal Revenue Service information.
• Information sharing programs with other states and state agencies.
• Computer-based random selection.
• Analysis of Florida tax return information.
• Business publications, periodicals, journals, and directories.
What Types of Records Will I Need to Provide to an Auditor or Inspector?
When we notify you of our intent to audit, we will also tell you what records you will need to provide.
The types of records may include, but are not limited to:
1. General ledgers and journals
2. Cash receipt and disbursement journals
3. Purchase and sales journals
4. Sales tax exemption or resale certificates
5. Florida tax returns
6. Federal tax returns
7. Depreciation schedules
8. Property records
9. Other documentation to verify amounts entered on tax returns
You must keep your records for three years since an audit can extend back that far.
The Department may audit for periods longer than three years if you did not file, or filed a substantially incorrect return or payment.
Your Rights During an Sales Tax Audit
The Florida Taxpayer’s Bill of Rights provides protection for taxpayers’ privacy and assets during their interactions with Revenue employees.
Your rights include:
• The right to fair treatment.
• The right to get available information and prompt, accurate responses to your questions.
• The right to have the Department begin and complete its audit in a timely manner after we notify you of our intent to audit.
• The right to get simple, nontechnical statements which explain the reason for audit selection and the procedures, remedies, and rights available during audit, appeals, and collection proceedings.
Call us today for a free initial tax consultations.
Florida Sales Tax Audit Tax Defense + Owe Sales Tax Debt + Local Specialists
by Jim Magary | May 3, 2016 | Tax Help
We are Affordable local professional tax firm that can stop an IRS tax levy garnishment immediately. Since 1982
Get a IRS Tax Levy Released by Former IRS Agents that know the System. We know the system inside and out & we have been working in this IRS system since 1982.
We also will settle your case at the same time.Call us today and find out the process on how to get immediate and permanent release from an IRS tax levy.
We have over 206 years of professional tax experience and we are the affordable tax firm. Not only can we get your IRS levy released we can settle your tax debt all at the same time.
We are composed of CPAs and former IRS agents who have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We worked out of the Ft.Lauderdale and Miami IRS offices.
There is a very specific system used to get an IRS tax levy released, whether it be a bank levy or wage garnishment levy.
Being former IRS agents we know the system and can get immediate results.
Not only were we former IRS agents and teaching instructors we also taught new IRS agents or jobs.
We understand all the systems, formulas, and all the protocols to get an immediate relief of a IRS tax levy.
Knowing the system makes this a streamlined process and is able to get faster and quicker tax relief.
Within 24 hours of receiving your current documented financial statement we can get an IRS bank levy or wage garnishment levy released and settle your case all at the same time.
To get your levy released we call IRS with the documented financial statement and settle on a disposition of the case and IRS at that time will fax or mail out the release while on the phone.
Generally, we can do this with a couple of days. Many times we can release them the same day we get the financial statement.
You will never speak to Internal Revenue Service. Simply call our Phone Number For Releases and IRS case settlements.
The process of getting a levy release.
After IRS sends out a series of five billing notices a last and final notices sent.
If taxpayers do not respond to the last notice the IRS systemically sends out a notice of levy to any bank or employer they have on their system.
Levy information is received via W-2s or 1099 received from third parties.
IRS will then request a form 433F which is their version of the financial statement. They will expect that financial statement to be fully documented.
They will review your income and expenses and your assets.
After that review, they will make a determination on how they will closure case and how and when they will release your levy or wage garnishment. Generally a professional tax firm can get this release within 24 hours of receiving your current financial statement. the only thing that holds us back from getting immediate release of levy is your current financial statement.
IRS will close and settle your case generally one of three ways.
After a review of your current financial statement (433f ) IRS will place you either into :
1.currently not collectible status, this is also called hardship status.
2. ask you for a monthly payment agreement or and installment agreement,
3. you could submit an offer in compromise if you are a qualified and suitable candidate. When you call us on the phone we will go over the offer in compromise program with you.
We will review with you your options to find out which is the best fit based on your current financial condition.
Remember, your documented financial statement holds the key.
Call us today for a free initial tax consultation.
What actions must the Internal Revenue Service take before a IRS tax levy can be issued?
The IRS will usually levy only after these three requirements are met:
1• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2• You neglected or refused to pay the tax; and
3• The 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.
The IRS may 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.
Call us today for a free initial tax consultation and learn how to get in immediate release of an IRS bank or wage garnishment levy.
Remove NOW + IRS Bank, Wage Garnishment Tax Levy + Settle Tax Debt Now + 33486, 33432, 33431, 33487 + BOCA RATON
by Jim Magary | May 3, 2016 | Tax Help
If you owe back taxes there’s a good chance that you can lose your passport. Call us today for a free initial tax consultation. There are options.
Former IRS Agents and Managers who know the system! Don’t lose Your Passport!
If you are in danger of losing your passport because of the new law passed contact us today and we can review with you different tax solutions and options to keep your passport.
Passed by Congress and signed into law allows the US Government to revoke the passports of seriously tax delinquents. The thresholds seem to be set at $50k plus
Under legislation signed recently by President Obama (H.R. 22 – Fixing America’s Surface Transportation Act), the State Department has been given new powers to revoke or deny passports for individuals who are “seriously delinquent” in their federal tax payments.
The new passport rule indicates the government wants to get serious about collecting unpaid tax debts.
The IRS reported 12.4 million delinquent accounts owing nearly $131 billion in assessed taxes, interest and penalties in 2014.
The passport-revoking provision allows the Department of the Treasury and the IRS to authorize the State Department to take away U.S. passports from individuals with seriously delinquent tax liabilities.
The State Department is now authorized:”to deny, revoke or limit use of a taxpayer’s U.S. passport, and it isn’t supposed to issue a passport to anyone owing that much money (with exceptions for emergencies or for humanitarian reasons)”
Americans however, out of the country when their passports are revoked may be allowed to return home.
FACT : The number of valid U.S. passports has surged in recent years, from roughly 30 million in 1995 to 126 million this year.
The bottom line, Congressional analysts expect the passport-revocation rule to raise about $400 million over the next 10 years.
Getting a simple payment agreement could allow your complete freedom of traveling back and forth without recourse.We can file any and all back tax returns that need to be filed and get you back in the system worry free.
Call us today for free initial tax consultation and we will go over with you to different remedies available.
Can I Lose My Passport If I Owe Taxes, Answer is…….
by Jim Magary | May 3, 2016 | Tax Help
We are affordable professional tax firm that can stop an IRS tax levy immediately. Since 1982 A+ rated by the BBB. Local Firm.
We are your best course of action for IRS tax levy defense. Stop your Tax Levy NOW.
We are the affordable professional firm that knows the system inside and out.
We are composed of CPAs and former IRS agents who have over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We are a local tax firm practicing in South Florida since 1982.
There is a very specific system used to get an IRS tax levy released, whether it be a bank levy or wage garnishment levy. Being former IRS agents we know the system.
Not only were we former IRS agents and teaching instructors we also taught new IRS agents or jobs. When you have received an IRS tax levy it only makes sense to have former IRS agents provide you tax levy defense and case settlements all at the same time.
We understand all the systems, formulas, and all the protocols to get an immediate relief of a IRS tax levy.
We can stop your IRS tax levy right now and settle your case at the same time.
Within 24 hours of receiving your current documented financial statement we can get an IRS bank levy or wage garnishment levy released and settle your case all at the same time.
The process.
IRS sends out a series of five letters to taxpayers owe back taxes. If the taxpayer does not respond to the last and final notice it gives IRS the right to send out a bank OR wage garnishment levy.
There is a difference between the bank levy and wage garnishment levy.
With the bank levy, there is a 21 day freeze put on the money for a wage garnishment levy your next paycheck goes to the Internal Revenue Service. It is a continuous levy and IRS will continue to take your paycheck until your get your levy released.
IRS will request a current financial statement and make a determination based on your current assets, income and expenses. That point the IRS will close your case.
IRS will close and settle your case generally one of three ways.
After a review of your current financial statement (433f ) IRS will place you either into :
1.currently not collectible status,
2. ask you for a monthly payment agreement or
3. you could submit an offer in compromise if you are a qualified and suitable candidate.
We will review with you your options to find out which is the best fit based on your current financial condition. Remember, your documented financial statement holds the key.
Call us today for a free initial tax consultation.
What is a IRS Tax Levy?
A levy is a legal seizure of your property to satisfy a tax debt.
Levies are different from liens.
A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.
Where does Internal Revenue Service (IRS) authority to levy originate?
The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax. See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
What actions must the Internal Revenue Service take before a IRS tax levy can be issued?
The IRS will usually levy only after these three requirements are met:
1• The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2• You neglected or refused to pay the tax; and
3• The 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.
The IRS may 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.
Please note: if the IRS levies 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.
When will the IRS issue IRS tax levies?
If you do not pay your taxes (or make arrangements to settle your debt), and the IRS determines that a levy is the next appropriate action, the IRS may levy any property or right to property you own or have an interest in.
For instance, the IRS 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).
Call us today and hear the truth about your case.
Stop your IRS tax levy within 48 hours and settle your case at the same time.
A word of the wise, when you call their tax relief companies many times you are speaking to a salesperson and not the person who will be working your case.
Make sure you are speaking to a true IRS tax expert and not a salesperson.
Stop Tax Levies NOW + Bank, IRS Wage Garnishments + Settle Taxes + 33486, 33432, 33431, 33487 + BOCA RATON
