by Jim Magary | Feb 10, 2016 | Tax Help
We are Affordable Tax Experts for Release and Settlements of Tax Levies and Back Taxes, Since 1982.
We are a friendly full service tax firm that specializes in immediate and permanent tax relief.
We have over 206 years of professional tax experience and over 65 years of working for government agencies.
We specialize in the reduction in settlement of tax debt in the filing of back tax returns.
California Taxes
If you do not pay your amount due or make arrangements to settle your debt, the State may levy (seize) any type of real or personal property that you own or have an interest in.
Note: Levies are different from liens.
A lien is a claim used as security for the tax or fee debt, whereas a levy actually takes the property to satisfy the tax or fee debt.
We will usually levy property only after we have sent you a Demand for Payment and you have neglected or refused to pay the tax or fee.
Examples
• The State could levy property that is yours but held by someone else, for example, your wages, dividends, bank accounts, licenses, rental income, accounts receivables, the cash value of your life insurance, or commissions, or
• If you hold an alcoholic beverage license, we could seize and sell that license, or
• They could seize and sell property that you hold—for example, your boat or vehicle.
If your property is levied or seized and you have questions, you should call us immediately.
Levying your bank account
If they levy your bank account, the levy generally only captures the funds on deposit at the time the bank receives the levy (up to the amount of the levy).
The bank must hold the captured funds you have on deposit for
10 days.
This period allows you time to file for a hardship hearing, to show that the funds are exempt from levy under federal or state law, or to make
other satisfactory arrangements to pay.
After 10 days, the bank must send the money plus additional interest
if it applies, to the BOE. Once the BOE deposits the captured funds, you would need to file a claim for refund to request return of the funds.
They must release your levy if any of the following occur:
• You pay the amount you owe in certified funds (cash, cashier’s check, or money order).
• They determine the levy is creating a significant economic hardship for you.
- If they have mistakenly levied your account
If you paid bank charges because of a mistake we made when they levied your account, you may be entitled
to reimbursement.
You must file a reimbursement claim with us within 90 days after we issued the levy.
Your claim should be mailed to the BOE office that sent the Notice of Levy.
Levying your salary or wages
They may issue a levy on your wages, or an Earnings Withholding Order, which typically seizes 25 percent
of your after‐tax income from each paycheck.
If you request a hardship hearing, one will be provided to you by a BOE supervisor or office lead person.
You will be asked to complete a BOE‐ 403‐E, individual Financial Statement, and provide supporting documentation of your inability to pay.
If you have a documented hardship, the withholding order may be reduced or released.
If we levy your salary or wages, the levy will end when:
• The levy is released,
• You pay your amount due, or
• The time expires for legally
collecting the amount due.
Fast Release Tax Levy = Board of California Board of Equalization + BOE
by Jim Magary | Feb 10, 2016 | Tax Help
We are a Affordable full service tax firm that specialized in tax relief for the board of equalization, California Board of Equalization – BOE
The California Board of Equalization administers sales and use taxes, property taxes, special taxes, and the tax appellate program. It has various enforcement tools that uses to fully enforce the tax laws of California.
The California BOE does everything they can to collect these back taxes.
Fresh Start Tax comprised of tax attorneys, tax lawyers, certified public accountants, and former government agents who can go ahead and represent your very best interest regarding any tax matter and settle your tax debt.
California Board of Equalization – BOE
Tax Levies, Tax Liens
A tax levy may be initiated against you if you fail to make satisfactory payment arrangements with the department, fail to respond to a final demand notice, fail to keep your installment arrangement, or fail to provide financial information to the taxing department upon request. This is there chief collection tool.
A tax lien is a legal claim against real or personal property to secure a debt. If you have a delinquent tax balance with the State, the BOE may record a tax lien to secure the tax debt. The tax lien also encumbers your California property, preventing you from refinancing, selling, or transferring it through escrow. It can also destroy your credit.If the BOE records a lien against you, they have secured a legal right to enforce collections, which may include bank levies and other asset seizures.
There are different options you have to get the tax when he released and upon your initial call to us we will explain the various options to you.
When you call us we will go over your various options of settling your tax debt.
Owe Taxes + State Board of Equalization Tax Debt + Levy, Lien, Settlement Options + California Board of Equalization – BOE
by Jim Magary | Feb 10, 2016 | Tax Help
We are affordable professional firm that can help you settle a tax debt with the State Board of Equalization. Since 1982.
We are tax experts for Settling Your Tax Debt!
We have over 206 years of professional tax experience and over 65 years of working directly for government agencies and handling back tax issues and tax audits. Call us today for free initial tax consultation and we will walk you through the process of settling your tax debt.
How can you settle your tax debt?
What is an Offer in Compromise?
An Offer in Compromise (OIC) is a proposal to pay the Board of Equalization (Board) an amount that is less than the full tax or fee liability due.
Do you qualify for the OIC program?
The OIC program is for taxpayers or feepayers that do not have, and will not have in the foreseeable future, the income, assets, or means to pay their tax liability in full. You qualify for the program if you meet all of the following criteria:
• Have a final tax or fee liability on a closed account.
• Are no longer associated with the business that incurred the liability or a similar type of business.
• Do not dispute the amount of tax or fee you owe.
• Cannot pay the full amount you owe in a reasonable amount of time.
Effective January 1, 2009 through January 1, 2018, the Board will also consider an OIC for open and active businesses that have not received reimbursement from the taxes, fees, or surcharges owed; successors of businesses that may have inherited tax liabilities from their predecessors; and consumers, who are not required to hold a seller’s permit, but incurred a use tax liability.
How do you apply? By Calling us 1-866-700-1040
You must complete an OIC Application (form BOE-490 for individuals or form BOE-490-C for all other entities) and submit it with the supporting documentation listed on the second page of the application to the Board of Equalization collector assigned to your account.
If your account is not assigned to a collector, please contact your local district office or division that administers your account. For more specific information on the OIC process, you may contact the OIC Section at 916 322-7931.
If you have liabilities with multiple state tax agencies, it may be helpful to use the Multi-Agency application (/pdf/de999ca.pdf ).
This application can be used to apply for OIC programs with BOE, EDD, and FTB without duplication of forms or other paperwork. If you use the Multi-Agency application, you will still need to negotiate separate payment arrangements with each agency.
How are OIC’s evaluated?
Although each case is evaluated based on its own unique set of facts and circumstances, the Board will give the following factors strong consideration:
• The taxpayer’s ability to pay
• The amount of equity in the taxpayer’s assets
• The taxpayer’s present and future income
• The taxpayer’s present and future expenses
• The potential for changed circumstances
Generally, we approve an OIC when the amount offered represents the most the Board can expect to collect within a reasonable period of time. The OIC must be in the State’s best interest.
Please note: If you have been assessed a fraud penalty, a minimum offer of the outstanding tax and fraud penalty is required for processing. However, if you have been convicted of a felony tax evasion, an offer will not be considered.
by Jim Magary | Feb 9, 2016 | Tax Help
A Christian Tax Firm, Since 1982. <><
By knowing your tax rights you can stop an IRS tax levy or an IRS tax lien. Since 1982, specialty tax experts.
As former IRS agents and managers we understand the system of how to stop the Internal Revenue Service if they are actively seeking enforced collections against you by filing IRS tax levy or tax lien.
We can also speak to you about entertaining an IRS tax settlement called an offer in compromise, find out if a payment program works for you, represent you during an IRS tax audit and file any and all back tax returns to get you back in the system worry free. We are a full-service Christian tax firm.
You can stop IRS by knowing your rights.
With a combined 65 years of direct IRS work experience in the local, district, and regional tax office of the Internal Revenue Service we understand the IRS systems, and protocols to stop an IRS tax levy or tax lien.
If you are in receipt of a final notice from Internal Revenue Service you have the right to file a collection due process form 12157. The filing of this collection due process puts an immediate freeze on your case and allows IRS to take a second look.
All CDP’s must be filed timely within the certain due dates.
In filing the CDP you must have an exit strategy that is wire you asking the Internal Revenue Service for a collection due process hearing.
You can receive a free initial tax consultation and we will walk you through the process of what everything that entails the CDP and find a way to go ahead and get this tax problem behind you including settling your tax debt.
It’s very important to know where you are in the system to be able to file the CDP.
Call us today for a free initial tax consultation and we will walk you through the process.
Below you will find commonly asked questions on the collection due process.
IRS levies approximately 1.8 million taxpayers each and every year.
Collection Due Process (CDP) FAQs
Q. I just got a Notice Number CP504. It says – “Urgent!! They intend to levy Certain Assets.” I don’t agree that I owe this amount. How can I appeal? Will that stop the levy action?
A. The IRS cannot levy with just this notice. We must first issue a formal Notice of Intent to Levy, which is the next step after this notice.
Your case is closed as far as any determination about how much you owe, so there is nothing for you to appeal at this point. However, you do have three options to have your case re-opened so the IRS can consider whether you owe any additional amounts:
• Pay the amount due in full and file a claim for refund. If the IRS disallows your claim, you will have the right to appeal at that time.
• Follow the instructions in Publication 3598 and request an Audit Reconsideration. Note that you must submit new information the IRS did not previously consider in order to have an audit reconsideration.
• Follow the instructions in Form 656-B and file an Offer in Compromise, Doubt as to Liability.
Q. The IRS Collection function says they are going to file a lien or levy my assets. What can I do?
A. Contact the Collection function to discuss your situation and your payment options. Refer to Publication 1660, Collection Appeal Rights to review your appeal rights. Some Collection actions qualify for appeal under the Collection Appeals Program (CAP) and some qualify under the Collection Due Process (CDP) appeal.
These two programs offer different advantages depending on the facts of your case. Publication 1660 will help you decide which is best for you.
Q. I just received a Notice of Federal Tax Lien Filing and Your Right to a Hearing Under IRC 6320, Letter 3172. I don’t believe I owe this amount. What can I do?
A. Refer to Publication 1660. Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing to discuss the lien filing.
You should request a CDP hearing if you feel the lien is inappropriate.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances.
If Appeals cannot consider the underlying liability, you have three options to re-open that issue:
• Pay the amount due in full and file a claim for refund. If the IRS disallows your claim you will have the right to Appeal at that time.
• Follow the instructions in Publication 3598 and request an Audit Reconsideration. Note that you must submit new information the IRS did not previously consider in order to have an audit reconsideration.
• Follow the instruction in Form 656 and file an Offer in Compromise, Doubt as to Liability.
Q. I just received a Letter L-1058 or LT11 FINAL NOTICE OF INTENT TO LEVY AND NOTICE OF YOUR RIGHT TO A HEARING. I don’t believe I owe this amount. What can I do?
A. Refer to Publication 1660. Letter 3172 gives you 30 days to request a Collection Due Process (CDP) hearing. You should request a CDP hearing if you feel the levy is inappropriate.
However, as explained in Publication 1660, in a CDP hearing Appeals can only discuss the existence of or amount that you owe under very limited circumstances.
If Appeals cannot consider the underlying liability, you have three options to re-open that issue:
• Pay the amount due in full and file a claim for refund. If the IRS disallows your claim you will have the right to Appeals at that time.
• Follow the instructions in Publication 3598 and request an Audit Reconsideration. Note that you must submit new information the IRS did not previously consider in order to have an audit reconsideration.
• Follow the instructions in Form 656-B and file an Offer in Compromise, Doubt as to Liability.
Call us today for a free initial tax consultation and we will walk you through the process of how to stop your IRS tax levy or tax lien an answer any IRS questions that you may have.
Christian IRS Tax Help Services + Tax Liens + Tax Levy + Tax Settlements + Payment Programs + Tax Audits + Unfiled Tax Returns
by Jim Magary | Feb 9, 2016 | Tax Help
Affordable Christian IRS Debt Tax Settlement Company, Former IRS Agents & Managers who know the system. Since 1982.
As a former IRS agent and teaching instructor I taught the offer in compromise or tax debt settlement program to seasoned and new IRS agents.
I and my company are true tax expert for the offer in compromise program for IRS Debt Settlements.
Proverbs 12:15
The way of a fool is right in his own eyes, But a wise man is he who listens to counsel.
Proverbs 11:14
Where there is no guidance the people fall, But in abundance of counselors there is victory.
I have over 40 years of professional tax experience and know the system inside and out. by knowing the system, and knowing the methodologies of tax settlement you can settle for less.
Knowing the internal workings in the system of IRS is huge advantage to settle IRS tax debt. Your current financial statement and documentation is the key to settle for less.
Last year 78,000 taxpayers filed for an IRS tax debt settlement in over 38% of those were accepted for average settlement a $6500 per case. IRS tax debt forgiveness is centered around the IRS offer in compromise program.
Keep in mind this is the national average and every case depended on its own financial statement and its own set of facts. It is very possible to settle for pennies on the dollar.
There is an IRS pre-qualifier tool that you can walk through to find out if you are a certified in acceptable candidate to get an IRS tax debt settlement. On your free initial tax consultation we will walk you through the process.
We are experienced and professional IRS tax debt settlement company.
Because of our years of experience in working for the Internal Revenue Service we can assure you of the lowest possible tax settlement if you are a suitable candidate for offer in compromise.
We have a combined 65 years of direct work experience at the Internal Revenue Service. We are composed of tax attorneys, CPAs, and former federal and state tax agents. We are a full service Christian Tax firm.
If you have any back tax issues with the Internal Revenue Service or have not filed back income/business tax returns, we can settle your case all at the same time.
As a former IRS revenue officer I have worked hundreds of cases and can be very instrumentally in the settling of your case.
Why is Fresh Start Tax LLC is a much different firm than other IRS Tax Debt Settlement Companies.
We do our own work in-house, most companies sub their work out to backend offices.
We have over 65 years of direct work experience working in the local, district and regional tax offices of the IRS. We have worked as managers, instructors, and teaching agents.
Some of our staff have put on joint forums with the Internal Revenue Service. We have an excellent working relationship with Uncle Sam.
Offer in Compromise + IRS Tax Debt Settlements
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS will require form 433OIC and form 656OIC to be fully documented and complete before the submission of an offer in compromise.
Select a payment option for IRS Debt Settlements
Your initial payment will vary based on your offer and the payment option you choose:
• Lump Sum Cash:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the OIC process to IRS Tax Debt Settlement
While your offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
You Must have all tax returns filed
Over 16 million taxpayers do not file annual tax returns.
At some point if you do not file the Internal Revenue Service will catch up with you do not keep your head in the sand.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
If you did not file your back tax returns, IRS can prepare them for you and you will owe more money than you should. IRS as the ability under 6020B to file for you.
If you do not respond to the IRS bills and notices they send out as a result of filing your tax returns IRS will follow-up with tax levies in the filing a federal tax liens.
We can prepare your back or on file tax returns with little or no tax records.
If the IRS has already filed your back tax returns and they are grossly inaccurate, call us today for us to file for an IRS audit reconsideration.
Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
Call us today for a free initial tax consultation and you will speak to a true IRS Christian tax expert.<><
IRS Tax Debt Forgiveness Services + IRS Tax Company Specialty + IRS Problems + Christian Tax Help Professionals
by Jim Magary | Feb 9, 2016 | Tax Help
Christian Tax Help Services : As affordable former IRS agents and managers we know the system on how to stop the IRS “notice of intent to levy.” Since 1982 <><
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.
We have over 206 years of professional tax experience. <><
Proverbs 12:15
The way of a fool is right in his own eyes, But a wise man is he who listens to counsel.
Proverbs 11:14
Where there is no guidance the people fall, But in abundance of counselors there is victory.
Not only were we former IRS agents and managers were also on-the-job instructors and taught at the regional training centers.
As former IRS agents we have issued hundreds and hundreds of final notices of intent to levy to many taxpayers, businesses, corporations and all type of entities that owe money to the IRS. There’s a very specific process to stop the Internal Revenue Service if they have issued you a final notice of intent to levy.
All final IRS notices of intent to levy are systemically generated from the IRS CADE2 computer system.
Last year IRS generated approximately 1.9 million tax levies every year. IRS is the largest collection machine in the world.
IRS has the ability to levy your wages, your bank account or seize any funds where they think you have your assets.
The key to stopping the final notice of intent to levy is immediately to contact the IRS. As a general rul, you can stop the Internal Revenue Service final notice of intent in one day. As a general rule, one call from our firm to the Internal Revenue Service stops IRS.
Our firm simply files a power of attorney, calls the Internal Revenue Service and gets a hold of freeze put on your account until we can work out an effective tax settlements.
In almost all cases once IRS has a valid power of attorney and knows that you are trying to work with the Internal Revenue Service, they will put a hold or freeze on your account and give you a due date that they will expect follow-up documentation.
Call us today for a free initial tax consultation and we will walk you through the process. stop the worry in the anxiety. Do not be in bondage.
As soon as we file a power of attorney you will never have to speak to IRS and we can work out a tax settlement out on your behalf.
As a general rule, the Internal Revenue Service will want a current financial statement that will need to be fully documented. It usually is on form 433F. you can find that on our website.
IRS will generally close your case in one of two ways.
The Internal Revenue Service will either place you went to a:
1.tax hardship, a tax hardship means at this time you cannot pay IRS. your current financial statement will need to be documented to show you are currently not collectible.
2. a monthly payment agreement. A monthly payment will generally last 2 to 3 years. IRS has the right to take another financial statement somewhere down the road and many times they do.
Your documented current financial statement is one of the main determining criteria on how IRS will close or settle your case.
Other taxpayers may find themselves eligible to settle their tax debt for pennies on the dollar through the offer in compromise program.
There is a pre-qualifier tool that you can walk to find out if you are a suitable candidate for this program.
When you call our office and have a brief conversation with this we will let you know if you can settle your case for pennies on a dollar.
Being former IRS agents and managers we know every system in every methodology to get you the very best results on your case.
We will review your case and find out if we can abate penalties and interest as well.Hear the truth from christian tax professionals.
We are a full service Christian firm with all work being done in-house.
Please also be advised the Internal Revenue Service are going to want all back tax returns filed and that you are full compliance in filing.
We can prepare all your back tax returns with or without records. IRS will want you in full compliance before they will settle or closure case.
Closing Note:
Steps Internal Revenue Service must 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; an
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.
Received IRS Tax Bill + Notice Of Intent To Levy + CP504 + STOP IRS NOW + Christian Professional Tax Services
