by Jim Magary | Mar 10, 2016 | Tax Help
We are the affordable professional tax firm that can permanently resolve your IRS Tax Debt and deal with problems regarding owing back taxes. Resolve IRS Tax Notices, Since 1982.
Since 1982 we have been resolving back tax issues for countless thousands of taxpayers. Our firm is composed of tax lawyers, CPAs, and former IRS agents.
If you have received an IRS notice that they are about to levy or seize, contact us today and hear the truth about your case and find out different ways to bring this problem to a successful solution.
If you not follow-up on an IRS notice to seize or Levy. IRS will systematically follow-up with an IRS bank levy or wage tax garnishment.
Our former IRS agents and managers have logged over 65 years working directly for their former employer in positions of management, supervisors and teaching instructors.
We also were on-the-job instructors for new IRS employees. We know the IRS systems and protocols inside and out and know every option available in resolving IRS tax debt.
How Your Case is Worked
IRS sends out a series of five tax billing notices to most taxpayers when they’ll back tax debt. These notices are sent to the last known addresses on tax returns. If you have moved around a lot any time you will not receive a final notice of levy or seizure.
Being a former agent all taxpayer should know IRS is very methodical on the way they resolve tax debt for all taxpayers across all spectrums.
If money is owed to the Internal Revenue Service as a general rule, IRS will want a currently documented financial statement. That IRS financial statement will most likely be on a form 433F, 433 a.
Most of the cases are worked by the ACS unit which are basically boiler/call center rooms operations to collect money for the IRS.
IRS has approximately 14 call centers throughout the US. Any state call center may work your case. 99% of all open IRS collection cases are worked through call centers and not in the local office as taxpayers may think. Plan to wait a long time on the phone.
When calling the ACS, you will speak directly to an agent who will work your case and hopefully attempt to close it. If your case is in the ACS unit they will require form 433F. when calling the ACS unit taxpayers need to have their current financial statements and all documentation ready to fax the IRS.
If the financial statements are not fully documented in all likelihood they will not be, you have to call and get another agent on the line, probably in another call center and work the case. This is why it helps to have a seasoned tax practitioner work your case because they know exactly what it takes to close the case and to get the best result.
If the case goes to the field in a revenue officer gets the case you will fill out financial statement form 433 a. Usually much larger dollar cases go to field offices or experience IRS agents can work them and determine your fate.
Financial Statement Are Key to success
Your financial statement generally determines the outcome of your case.
The best results are obtained from professional companies who have years of experience have dealt with the IRS repeatedly on a daily basis. firms understand the protocols and exactly how IRS will close their case and what work is needed.
Your financial statement will need to be completely documented along with bank statements, pay stubs, and copies of all your expenses to verify and certify your financial statement is correct.
After IRS does a cursory review of your financial statement documentation there are two categories taxpayers are generally put in.
As a general rule
1.40% of all taxpayers who will owe back tax debt are placed in a non-collectible file because they simply don’t have the money to pay the tax. When you call us we will review this non-collectible or hardship status in detail.
2.6.5 million taxpayers enter monthly payment agreements that will last a determined amount of time.
Others are eligible to settle their tax debt to the offer in compromise program known to some taxpayers as the pennies on the dollar settlement. The Internal Revenue Service except the 38,000 offers in compromise last year for an average of $6500 per case.
It is also important you have all tax returns filed on the system. For certain type cases within the IRS system they may not work your case until all tax returns are filed.
Call us today for a free initial tax consultation we will walk you through the various programs to resolve your tax debt.
We can prepare any and all back tax returns and can represent you during any IRS tax audit.
We have over 206 years of professional tax experience in our true tax specialty experts in the solution of all Internal Revenue Service matters.
We are A+ rated by the Better Business Bureau.
IRS Notice to Seize or Levy + Affordable IRS Tax Solutions, Former IRS Agents Know Systems
by Jim Magary | Mar 10, 2016 | Tax Help
We are an AFFORDABLE full service tax firm that specializes in IRS resolution in IRS Tax Debt since 1982.
Since 1982 we have been serving a nationwide clientage for IRS matters in IRS problems.
We are a full-service firm with an expertise in the resolution of IRS and back state tax debt problems.
We are composed of tax attorneys, CPAs and former IRS agents, managers tax and teaching instructors.
Together we have combined 206 years professional tax experience.
Our former IRS agents have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We can handle any type of IRS tax debt or tax problem for any civil matters.
We are very affordable professional tax firm that you can call for a free initial tax consultation we will be able to review your case and give you an exit strategy and a very simply and easy tax solution to permanently resolve your IRS tax debt case.
If you have received an IRS tax levy, within 24 hours are receiving your current financial statement we can get a levy or wage garnishment released.
If you have on file back tax returns that need to be sent to IRS, we can prepare your back returns with little or no records.
How does IRS resolve back tax debt?
If you have back tax debt will review your current financial statement and explain the two possible options IRS will used to settle your case. Your current financial statement will determine the outcome of your tax debt case,
As a general rule, you will either be put into a:
1 . Current tax hardship or,
2. a monthly installment agreement.
Those of you may be able to file for offer in compromise to settle your IRS tax debt for pennies on the dollar.
When you call us we will explain to you how IRS representation will work and all options.
We can represent you during a tax audit if necessary.
When you call our office you will speak to a true tax expert who will explain to you every possible resolution strategy and help solve your IRS tax trouble as fast as possible.
We are a full-service firm with all work being done in-house.
Call us today for a free initial tax consultation. Hear the truth today!
How to Resolve IRS Back Tax Debt + Affordable Former IRS Know the System
by Jim Magary | Mar 10, 2016 | Tax Help
The Adoption Tax Credit
If you adopted or tried to adopt a child in 2015, you may qualify for a tax credit.
Things you should know about the adoption credit.
1. Credit or Exclusion.
The credit is nonrefundable. This means that the credit may reduce your tax to zero.
If the credit is more than your tax, you can’t get any additional amount as a refund.
If your employer helped pay for the adoption through a written qualified adoption assistance program, you may qualify to exclude that amount from tax.
2. Maximum Benefit.
The maximum adoption tax credit and exclusion for 2015 is $13,400 per child.
3. Credit Carryover.
If your credit is more than your tax, you can carry any unused credit forward. This means that if you have an unused credit in 2015, you can use it to reduce your taxes for 2016.
You can do this for up to five years, or until you fully use the credit, whichever comes first.
4. Eligible Child.
An eligible child is an individual under age 18 or a person who is physically or mentally unable to care for themselves.
5. Qualified Expenses.
Adoption expenses must be directly related to the adoption of the child and be reasonable and necessary.
Types of expenses that can qualify include adoption fees, court costs, attorney fees and travel.
6. Domestic or Foreign Adoptions.
In most cases, you can claim the credit whether the adoption is domestic or foreign.
However, the timing rules for which expenses to include differ between the two types of adoption.
7. Special Needs Child.
If you adopted an eligible U.S. child with special needs and the adoption is final, a special rule applies.
You may be able to take the tax credit even if you didn’t pay any qualified adoption expenses.
8. No Double Benefit.
Depending on the adoption’s cost, you may be able to claim both the tax credit and the exclusion.
However, you can’t claim both a credit and exclusion for the same expenses. This rule prevents you from claiming both tax benefits for the same expense.
9. Income Limits.
The credit and exclusion are subject to income limitations.
The limits may reduce or eliminate the amount you can claim depending on the amount of your income.
by Jim Magary | Mar 10, 2016 | Tax Help
We are Affordable Former IRS Agents and Managers who can get you back in the system worry free. Since 1982.
We have over 65 years of combined IRS experience and know the protocols and the systems to make this a very simple, easy, worry free, and affordable process.
With or without records we can file unfiled, not filed, back or late tax returns and settle your case all at the same time.
That’s right, if you all money on back taxes, we can settle your case all at the same time.
As a general rule if back taxes are owed, IRS will generally place your case into a tax hardship, ask for a monthly payment agreement, or settle your debt through the offer in compromise program.
Have former IRS agents, managers and tax instructors get you back in the system if you have unfiled and back tax returns.
Failure to file back, or past-due tax returns can be made right with Internal Revenue Service within a week.
For affordable pricing we can file all your back tax returns and if you owe taxes we can work out an IRS tax settlement.
We have filed thousands of unfiled tax returns and we have an exact system for affordable pricing so you can get this put to bed on a permanent basis.
Do not let the fear of the IRS get in your way filing back tax returns because at some point in time, IRS will be making contact with you.
As a former IRS agent, I can tell you that with the new IRS CADE2 computer system, in the very near future you will be getting a letter from the Internal Revenue Service because IRS is getting more sophisticated in their income tracking.
I tell you this not to scare you but to let you know it’s best to take an assertive position with the Internal Revenue Service and get your tax returns filed and work out a settlement with them before they catch up with you.
Millions have Unfiled Tax Returns, 16 million every year, yep, that many!
Millions of people for whatever reasons have not filed their tax returns.
The Tax Gap is estimated in the billions. Some estimates have it at $5 billion. The tax gap is a term used for taxpayers who have failed to file their tax returns and have monies owed to the Internal Revenue Service.
There is a fear of filing because of what the IRS will do to them.
The government has a system in place to deal with these situations and we can help walk you back into the system without fear of your IRS back tax problem.
Failure to file back or tax past-due tax returns can end with one phone call.
Call us today and get back in the system worry free.
Failure to File Back, Past Due Returns + Get Right w/ IRS NOW + Affordable
by Jim Magary | Mar 10, 2016 | Tax Help
Use Affordable Former IRS Agents and Managers who can get you back in the system worry free. Since 1982.
We have over 60 years of combined IRS experience and know the protocols and the systems to make this a very simple and affordable process.
With or without records we can file unfiled, not filed, back or late tax returns and settle your case all at the same time.
We have over 60 years of direct IRS working experience in the local, district, and regional tax offices of the IRS.
We know all the IRS systems and protocols.
Do not worry, we can get you back in the system worry free!
Have former IRS agents, managers and tax instructors get you back in the system if you have unfiled and back tax returns.
For affordable pricing we can file all your back tax returns and if you owe taxes we can work out an IRS tax settlement.
We have a combined 60 years of direct IRS work experience in the local, district, and regional tax offices of the internal revenue service.
We have filed thousands of unfiled tax returns and we have an exact system for affordable pricing so you can get this put to bed on a permanent basis.
We know all the protocol to get you back in the system worry free. Do not let the fear of the IRS get in your way filing back tax returns because at some point in time, IRS will be making contact with you.
As a former IRS agent, I can tell you that with the new IRS CADE2 computer system, in the very near future you will be getting a letter from the Internal Revenue Service because IRS is getting more sophisticated in their income tracking.
I tell you this not to scare you but to let you know it’s best to take an assertive position with the Internal Revenue Service and get your tax returns filed and work out a settlement with them before they catch up with you.
Millions have Unfiled Tax Returns, 16 million every year, yep, that many!
Millions of people for whatever reasons have not filed their tax returns. The Tax Gap is estimated in the billions. Some estimates have it at $5 billion.
The tax gap is a term used for taxpayers who have failed to file their tax returns and have monies owed to the Internal Revenue Service.
There is a fear of filing because of what the IRS will do to them.
The government has a system in place to deal with these situations and we can help walk you back into the system without fear of your IRS back tax problem. We can file the delinquent tax returns, take care of the back taxes and start working on your IRS problems today.
The Tax Gap pertaining to Unfiled Tax Returns
The Internal Revenue Service released a new set of tax gap estimates.The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time.
The new tax gap estimate represents the first full update of the report in five years, and it shows the nation’s compliance rate is essentially unchanged from the last review.
The tax gap statistic is a helpful guide to the scale of tax compliance and to the persisting sources of low compliance, but it is not an adequate guide to year-to-year changes in IRS programs or to year-to-year returns on IRS service and enforcement initiatives.
Call us today and get back in the system worry free.
Here the truth from former IRS agents and managers and the company who has been around since 1982.
by Jim Magary | Mar 3, 2016 | Tax Help
We are affordable professional firm that can prepare your back taxes and work out a tax settlement at the same time. Since 1982, A+ rated by the Better Business Bureau.
We have over 206 years of professional tax experience and over 65 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We are as well-trained as anybody in the business and are prepared to make sure you pay the lowest amount of tax allowed by law.
On staff are not only former IRS agents managers and teaching instructors but certified public accountants that have been practicing since 1982.
We are a full-service firm with all work being done in-house.
As former IRS agents and managers we can qualify you for the offer in compromise program to settle your debt for pennies on the dollar if you are a true and certified candidate for the program.
We will walk through your current financial statement to make sure your offer has a chance of getting accepted before we submit any paperwork or charge you a fee.
Call us today for a free initial tax consultation.
Prepare Unfiled Tax Returns + Save Money With Former IRS + Affordable
