by Fresh Start Tax | Nov 2, 2015 | Tax Help
We are an “AFFORDABLE PROFESSIONAL TAX FIRM” comprised of Former IRS agents and managers who know the system, we can permanently resolve any IRS tax problem.
Since 1982, we are a full service tax firm that specialize in AFFORDABLE IRS and state tax services.
We have over 206 years of professional tax experience. All our work is done in-house.
We can remove an IRS tax levy garnishment within 24 hours of receiving your current financial statement, talk to you about the removal of a federal tax lien, represent you during an IRS tax audit, file any and all back tax returns and talk you about the settlement of your tax debt through the offer in compromise.
We are uniquely qualified to help you with any IRS problem or matter. From a very simple IRS notice or letter to going to Tax Court, we have a solution that helps you the the nightmare.
In cases in which back taxes our owed, your financial statement is the key to tax resolution.
IRS Tax & Wage Garnishments Levies
The Internal Revenue Service levies approximately 1.8 million taxpayers each and every year and this figure includes and bank & wage garnishments.
If you have been levied you are not alone.The bank levy is held by the bank for 21 days before they pay IRS and the wage garnishment is an immediate seizure of your next paycheck minus approximately 20% of exempt money.
If you have not responded to an IRS final notice they systematically send out an IRS tax levy from their CADE2 computer system.
As a general rule, IRS sends out a series of billing notices to the last known address.
The IRS billing notices or five weeks apart. If you do not respond to the IRS last notice, the 1058, you can expect the tax lien or tax levy to show up within 30 days of receiving the notice.
Before IRS will release the levy many times they want all on file tax returns in their hand to make sure you are in full compliance.
The IRS files close to 700,000 federal tax liens each and every year that will both ruin and destroy your credit. it helps to ruthlessly avoid the filing of a federal tax lien and if you catch the letter early enough you may be able to have IRS not file the tax lien. There are appeals processes in place.
Before IRS will remove a tax levy or wage garnishment they will need a current and verifiable financial statement.
If the cases in the local office the revenue officer will require form 433a. The revenue officer is a much more seasoned IRS agent and especially geared for higher dollar IRS collection cases.
Once we have your current verified financial statement in hand, we can usually get your tax levy or garnishment released within 24 hours.
It is important that your financial statement is completely documented.
IRS usually closes a case by putting a case and tax hardship, having a taxpayer into a monthly installment agreement or telling them they may qualify for an offer in compromise your tax debt settlement.
40% of all people who owe IRS tax debt have their cases put into what is called a currently not collectible file and 6.5 million taxpayers have their cases put into current installment agreement or payments.
Please remember your current financial statement will determine the outcome of your case therefore it is critical to have a tax professional complete the financial information.
If you have back tax returns to file, you can have former IRS agents ensure that you are paying the lowest amount of tax allowed by law.
If you wish to settle your tax debt, we can have former IRS revenue officers who worked the offer in compromise program settle your tax debt if and only if you were a true candidate for a tax debt settlement called an offer in compromise.
We do not file an offer in compromise for a tax debt settlement unless you are a qualified candidate.
Approximately 40% of all taxpayers who file an offer in compromise get accepted by the Internal Revenue Service however you must be a qualified candidate.
The average settlement is $6500 per case but that is just the national average.
Call us today for a free initial tax assessment.
When you call our office you will speak to a true IRS tax professional about the resolution of your case. We are the fast, family, and affordable professional tax firm.
Affordable IRS Tax Problem Help + IRS Levy Garnishments + Tax Liens + IRS Audits + Back Tax Returns + Offer Settle Tax + Payments
by Jim Magary | Nov 2, 2015 | Tax Help
We are a “AFFORDABLE ” professional tax firm that has been in private practices 1982. We know the systems!
If you wish to settle back IRS taxes you can call us today to learn about the different systems IRS uses to settle back tax debt. We are the affordable experts.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can settle your case all at the same time.
We handle all payroll tax matters as well. We are experts in all IRS matters.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
I am a former IRS agent revenue officer and teaching instructor for the offer in compromise program. We will give you an honest opinion about your filing of an offer in compromise to settle your back tax debt.
Fresh Start Tax LLC is very different firm than other companies.
We do our own work in-house, most companies sub their work out to backend offices. We are staffed with tax attorneys, CPAs and former IRS agents.
We have over 60 years of direct work experience working in the local, district and regional tax offices of the IRS.
Settling Tax Cases on Back Taxes, the importance of a financial statement
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS conducts a very thorough review of your financial statements so you want to be prepared and accurate.
IRS rules require only form 433F, along with bank statements, copy of pay stubs, and monthly expenditures.
IRS conducts a thorough review of your current financial statement and compares that with the national, regional, and localized standards to ensure that everybody is getting the same treatment.You can find the standards on our website under the form page.
The IRS will use a six-month timeframe to make determinations on your case. In some cases the IRS can ask for the last year.
It is important a true professional fill-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results.
Unfiled Back Tax Returns
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. Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
Tax Levies
IRS levies, that is bank or wage garnishment, approximately 1.9 million taxpayers each and every year.
Keep in mind not a human hand touches these levees they all go out systemically by the IRS CADE 2 computer. IRS secures your levy information from your past six years tax returns, they find your bank information and your employer information.
We can remove an IRS tax or wage garnishment levy within 24 hours of receiving your current financial statement and or get you placed into a payment program or tax hardship depending on your situation.
If you owe back payroll taxes call us today and find out about workable solutions that can keep your business open and IRS happy.
If you are the victim of a trust fund recovery penalty call us today and we will talk to you about settling the tax debt.
The offer in compromise program/debts settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
We are the fast, friendly, and affordable professional tax firm.
Offer in Compromise + Not Filed Tax Returns + Stop IRS Tax Levy + IRS Lien + IRS Tax Debt Settlement + IRS Payroll Taxes Problems + Trust Fund Taxes Help
by Fresh Start Tax | Nov 2, 2015 | Tax Help
We are a “AFFORDABLE ” professional tax firm that has been in private practices 1982. We know the systems!
If you wish to settle back IRS taxes you can call us today to learn about the different systems IRS uses to settle back tax debt. We are the affordable experts.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can settle your case all at the same time.
We handle all payroll tax matters as well. We are experts in all IRS matters.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
I am a former IRS agent revenue officer and teaching instructor for the offer in compromise program. We will give you an honest opinion about your filing of an offer in compromise to settle your back tax debt.
Fresh Start Tax LLC is very different firm than other companies.
We do our own work in-house, most companies sub their work out to backend offices. We are staffed with tax attorneys, CPAs and former IRS agents.
We have over 60 years of direct work experience working in the local, district and regional tax offices of the IRS.
Settling Tax Cases on Back Taxes, the importance of a financial statement
If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.
IRS conducts a very thorough review of your financial statements so you want to be prepared and accurate.
IRS rules require only form 433F, along with bank statements, copy of pay stubs, and monthly expenditures.
IRS conducts a thorough review of your current financial statement and compares that with the national, regional, and localized standards to ensure that everybody is getting the same treatment.You can find the standards on our website under the form page.
The IRS will use a six-month timeframe to make determinations on your case. In some cases the IRS can ask for the last year.
It is important a true professional fill-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results.
Unfiled Back Tax Returns
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. Do not be afraid of filing your tax returns with IRS because at some point in time they will catch up with you.
Tax Levies
IRS levies, that is bank or wage garnishment, approximately 1.9 million taxpayers each and every year.
Keep in mind not a human hand touches these levees they all go out systemically by the IRS CADE 2 computer. IRS secures your levy information from your past six years tax returns, they find your bank information and your employer information.
We can remove an IRS tax or wage garnishment levy within 24 hours of receiving your current financial statement and or get you placed into a payment program or tax hardship depending on your situation.
If you owe back payroll taxes call us today and find out about workable solutions that can keep your business open and IRS happy.
If you are the victim of a trust fund recovery penalty call us today and we will talk to you about settling the tax debt.
The offer in compromise program/debts settlements
If you wish to settle your tax debt for pennies on the dollar it is necessary to submit an offer in compromise.
Before filling out any offer in compromise I ask all taxpayers to walk to the IRS pre-qualify or tool to make sure they are a suitable candidate.
When you call our office we will let you know if you are a suitable candidate for the OIC and we can let you know the lowest amount of law that IRS will accept on your case.
Call us today for a free initial tax consultation and hear the truth from true IRS tax experts.
We are the fast, friendly, and affordable professional tax firm.
Offer in Compromise + Not Filed Tax Returns + Stop IRS Tax Levy + IRS Lien + IRS Tax Debt Settlement + IRS Payroll Taxes Problems + Trust Fund Taxes Help
by Jim Magary | Nov 2, 2015 | Tax Help
FST is an AFFORDABLE Professional Tax Firm that specializes in IRS Back Taxes, A + Rated BBB, in private since 1982.
We have been in private practice since 1982 and are true affordable tax experts in resolving all federal, individual, business and payroll taxes for those who owe back taxes.
Because of our years of experience at the Internal Revenue Service we know and understand the IRS and State tax systems. Since 1982 we have been resolving tax debt issues for businesses and individuals and for all types of IRS and/or state tax matters.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We know every possible solution if you owe back taxes.
Your Current Financial Condition Determines How IRS Closes your Case
If you owe any IRS or State back taxes of any kind we can work out different tax solutions depending on your current financial condition.
Your current financial statement, as a general rule will determine the outcome of your case. Another factor to keep in mind is that most governments have a national standard expense table that they used to determine the end result of your case.
You can find those national standards directly on our website and we will review them with you when reviewing your financial statement.
Keep in mind your financial statement will have to be verified by the Internal Revenue Service before they will render any determination on your case.
Included in that financial statement, the 433F, will be the last three months of canceled checks, copy of monthly expenses and a copy of pay stubs.
IRS does a full analysis of your financial statement before rendering a determination.
You want to make sure you are completely honest giving any government agency a financial statement.
IRS generally closes case by putting them in hardship or asking for a payment agreement or you have the possibility of settling your debt for pennies on the dollar if you are qualified candidate.
Keep in mind not everybody is a settlement candidate we carefully review each and every case we get.
We will carefully review your case and give you an expert opinion on whether your case is eligible for the fresh start initiative called the offer in compromise.
Over 38% of all taxpayers and apply for the offer in compromise program get accepted settlements but you must be a true qualified taxpayer for the program. The average settlement for the current year is $6500 per offer in compromise.
To find out whether you qualify for the offer in compromise program you can simply call us today or fill out the IRS pre-qualifier tool for the tax debt settlement call the offer in compromise.
FST can file all back tax returns and get this problem behind you so you can move on with your life.
Many times the Internal Revenue Service will not close your case off the system until all back tax returns are current up to date and they feel you are in compliance with your estimate or current withholding for the year we are in.
As a side note: Filing Back Taxes
You want to make sure you file all your back tax returns if not the Internal Revenue Service will file all unfiled back tax returns and that will wind up being a nightmare.
IRS has the right to prepare your tax return under 6020 B of the code and they will give you no allowances for exemptions or expenses.
If this has already happened to you, you may file for IRS audit reconsideration to reduce your tax liability. You can call us today and we can advise you on how to handle the situation.
Call us today for a free initial tax consultation speak directly to a true tax expert. A+ rated, since 1982.
Owe Back IRS Taxes + Individual, Business, 941Payroll Taxes + Unfiled Tax Returns + Settle Tax Debt + Trust Fund Taxes =
by Jim Magary | Nov 2, 2015 | Tax Help
I am a former IRS revenue officer and teaching instructor of the offer in compromise. I have worked on both sides of the offer in compromise. We know the offer program inside and out.
Offers in compromise are worked by a special group of revenue officers called offer specialists.
They are trained to work offers.
They have very strict set standards of acceptance because all accepted offer in compromise are a matter of public record for one year at most district offices, therefore you will find the strictest of standards applicable on offers.
The offer in compromise is very unique.
The IRS does not have to accept an offer and employees many times have that type of attitude as they work them. It is much easier for them to reject the offer in compromise than to accept them.
An accepted offer in compromise needs managerial approval and many times has to go up the line including the signing off by district council for acceptance and many times revenue officers are reluctant to have their work be judged and approved by managers supervisors and District Council.
I can tell you that some officers actually look to reject the offer on some grounds and to accept it.
It is extremely important that you understand the offer in compromise must fit all the IRS criteria and standards because many offers that don’t really never have a chance of being accepted.
I am telling you this not because I am in the business because there are many people to choose from in our industry but I would not submit an offer in compromise on your own. Offers require skill and are more complicated than people think.
I would also tell you to make sure you walk to the pre-qualifier tool available on our website or the IRS site to make sure you are a true and acceptable candidate for the offer in compromise.
If you want your offer to have a second opinion or have us submit the appeal contact us today and for free initial consultation we will walk you through the process.
To decide if you should appeal your tax dispute, consider the following:
If you believe the IRS did not properly apply the law due to a misunderstanding of the facts, be prepared to clarify and support your position.
If you believe the IRS is taking inappropriate collection action against you, or your offer in compromise was denied and you disagree with that decision, be prepared to clarify and support your position.
If you believe the facts used by the IRS are incorrect, then you should have records or other evidence to support your position.
Protests
A formal written protest is required in all cases to request an Appeals conference, unless you qualify for the Small Case Request procedure discussed below or another special appeal procedure.
Note: If you disagree with a lien, levy, seizure, or denial or termination of an installment agreement, see Publication 1660, Collection Appeal Rights, for information on filing your protest.
How to file a Formal Written Protest
Include all of the following:
Your name, address, and a daytime telephone number.
A statement that you want to appeal the IRS findings to the Office of Appeals.
A copy of the letter you received that shows the proposed change(s).
The tax period(s) or year(s) involved.
A list of each proposed item with which you disagree.
The reason(s) you disagree with each item.
The facts that support your position on each item.
The law or authority, if any, that supports your position on each item.
The penalties of perjury statement as follows:
“Under the penalties of perjury, I declare that the facts stated in this protest and any accompanying documents are true, correct, and complete to the best of my knowledge and belief.”
Your signature under the penalties of perjury statement.
If your representative prepares and signs the protest for you, he or she must substitute a declaration for the penalties of perjury statement that includes:
That he or she submitted the protest and any accompanying documents, and
Whether he or she knows personally that the facts stated in the protest and any accompanying documents are true and correct.
You must send your formal written protest within the time limit specified in the letter that offers you the right to appeal the proposed changes.
Generally, the time limit is 30 days from the date of the letter.
How to file a Small Case Request
You may submit a Small Case Request if the entire amount of additional tax and penalty proposed for each tax period is $25,000 or less.
For an offer in compromise, the entire amount for each tax period includes total unpaid tax, penalty and interest due.
Note: Employee plan, exempt organizations, S corporations and partnerships are not eligible for Small Case Requests.
Follow the instructions in the letter you received.
Use Form 12203, Request for Appeals Review, or the form referenced in the letter to file your appeal, or prepare a brief written statement.
List the disagreed item(s) and the reason(s) you disagree.
Call us today for a free consult.
by Jim Magary | Oct 30, 2015 | Tax Help
Unemployment Compensation
The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits.
Unemployment compensation includes amounts received under the laws of the United States or of a state such as:
• State unemployment insurance benefits
• Benefits paid to you by a state or the District of Columbia from the Federal Unemployment Trust Fund.
• Railroad unemployment compensation benefits
• Disability benefits paid as a substitute for unemployment compensation
• Trade readjustment allowances under the Trade Act of 1974 and
• Unemployment assistance under the Disaster Relief and Emergency Assistance Act of 1974
Unemployment compensation does not include:
• Workers’ compensation payments; see Publication 525, Taxable and Nontaxable Income, for information on these payments.
• Supplemental unemployment benefits received from a company-financed fund. These benefits are wages subject to income tax withholding and may also be subject to Social Security and Medicare taxes.
They should be reported to you on Form W-2 (PDF), Wage and Tax Statement. See Publication 15-A (PDF), Employer’s Supplemental Tax Guide, section 5, for more information about supplemental unemployment benefits,
• Unemployment benefits from a private fund to which you voluntarily contribute.
These benefits are taxable only if the amounts you receive are more than your total payments into the fund; however, this taxable amount is not unemployment compensation. Report it is as “Other income” on line 21 of Form 1040 (PDF).
If you received unemployment compensation during the year, you must include it in gross income.
You may be required to make quarterly estimated tax payments.
However, you can choose to have federal income tax withheld.
For more information, refer to Form W-4V (PDF), Voluntary Withholding Request.
You should receive a Form 1099-G (PDF), Certain Government Payments, showing the amount of unemployment compensation paid to you this year in Box 1, and any federal income tax withheld in Box 4.
Report the amount shown in Box 1 on line 19 of Form 1040 (PDF), line 13 of Form 1040A (PDF), or line 3 of Form 1040EZ (PDF), and include the withholding shown in Box 4 on line 64 of Form 1040, line 40 of Form 1040A, or line 7 of Form 1040EZ.
For more information on unemployment, see Unemployment Benefits in Publication 525.
