by Jim Magary | Aug 18, 2015 | Tax Help
We can get your IRS tax levy, IRS wage garnishment levy released within a 24-hour period of time and close your case at the same time. Since 1982, Affordable Tax Firm
We have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service and know exactly how to settle your case with the Internal Revenue Service.
As former IRS agents we taught tax law and tax procedure to new IRS agents, we know the system inside and out. We can stop IRS tax levies and settle your case at the same time.
We are not a tax mill, we are professional tax firm.
We do exactly what we say we will do. if you are unhappy with any of our services will simply return any retainer or money.
We have an immaculate and sterling reputation.
If you are in receipt of an IRS tax levy, wage levy or bank levy garnishment contact us today and we can get your tax levy released in your case closed.
Within 24 hours of receiving your fully documented financial statement we guarantee that you will have a release of your IRS bank levy or wage garnishment levy.
OIC + We will speak with you about settling your tax debt to the offer in compromise program.
Our firm will not submit an offer in compromise until we walked through the offer in compromise pre-qualifier tool to make sure that you can settle your tax debt for pennies on dollar.
You should not give your money to any firm to file an offer in compromise unless they walked to this program with you.
I am a former IRS offer specialist.
As a IRS revenue officer agent, I both work this program was a teaching instructor for the tax debt settlement program. I’m a true IRS tax expert for the offer in compromise.
The Internal Revenue Service accepted 38,000 offers in compromise last year for average of $6500 per settlement. Last year there were 78,000 offers in compromise filed. Please keep in mind this is a national average. Your current financial statement will determine the outcome for this program.
Taxpayers should be aware that there is a pre-qualifier tool for the offer in compromise program. I suggest everyone the walk through this particular tool given by Internal Revenue Service to find out for a qualified candidate
IRS Tax Levy, IRS Wage Garnishment Releases and Removals and case closing.
The IRS filed 1.8 million the bank and wage garnishment levies last year. IRS filed over 700,000 federal tax liens.
So if you received a bank or wage garnishment levy/lien you are not alone.
Before IRS will release a tax levy, a wage garnishment or bank seizure, Internal Revenue Service will need a current documented financial statement. Your financial statement is the key to closing your case and settling your case.
If your case is in the automatic collection system, you will be filling out and documenting form 433F which you can find directly on our website. It is the only form the Internal Revenue Service will use.
When calling our office we will complete the form, speak to the Internal Revenue Service and within 24 hours of having your fully documented financial statement we can get your IRS tax levy released.
If the cases are in the local IRS office form 433 a will be required and a much more detailed investigation will be made on your current financial statement.
If this is the case a revenue officer out of the local office will be looking at your case.
Being a former IRS agent teaching instructors gives us a huge advantage and the benefit of our experience is invaluable to our clients. We know the system inside and out.
The filling out of your financial statement is critical into the settlement of your case.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses. IRS does a thorough review of your financial statement therefore you want to make sure you are both honest and accurate. IRS has the ability to go back as far as they want for their financial review. 3 to 6 months is a general indicator of IRS’s review process.
As a general rule, IRS will not release your levy until all your tax returns are filed.
We can prepare all your back tax returns with little or no records.
Internal Revenue Service usually closes your case off the enforcement two general ways: Based on your current financial statement, IRS will put you in a currently uncollectible file or put you in a payment agreement.
Over 40% of collection cases wind up in a current tax hardship and 6.5 million other taxpayers are put into monthly installment payment plans.
IRS may fail to release an IRS tax levy wage garnishment or bank levy because taxpayers have failed to file back tax returns.
After the review of your IRS financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program.
One last note of interest, it is very critical all taxpayers respond to all IRS notices because IRS intends to follow-up on all the dates given on each and every notice sent.
Call for free initial tax consultation.
Immediately STOP IRS Tax Levy + Bank & Wage Garnishment Levies + File Back Returns + Offer in Settle Compromise + FORMER IRS + Peekskill, Saratoga, Elmira, Scarsdale, Rye
by Jim Magary | Aug 18, 2015 | Tax Help
We can get your IRS tax levy, IRS wage garnishment levy released within a 24-hour period of time and close your case at the same time. Since 1982, A plus rated.
We have a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service and know exactly how to settle your case with the Internal Revenue Service. We are true IRS and state tax experts.
As former IRS agents we taught tax law and tax procedure to new IRS agents, we know the system inside and out.
We are not a tax mill, we are professional tax firm . We have an immaculate and sterling reputation. We are comprised of tax attorneys, CPAs and former IRS agents.
Within 24 hours of receiving your fully documented financial statement we guarantee that you will have a release of your IRS bank levy or wage garnishment levy.
Settling Tax Debt through the OIC
We will speak with you about settling your tax debt to the offer in compromise program.
Our firm will not submit an offer in compromise until we walked through the offer in compromise pre-qualifier tool to make sure that you can settle your tax debt for pennies on dollar.
As a IRS revenue officer agent, I both work this program was a teaching instructor for the tax debt settlement program.
The Internal Revenue Service accepted 38,000 offers in compromise last year for average of $6500 per settlement.
Last year there were 78,000 offers in compromise filed. Please keep in mind this is a national average. Your current financial statement will determine the outcome for this program.
Taxpayers should be aware that there is a pre-qualifier tool for the offer in compromise program.
I suggest everyone the walk through this particular tool given by Internal Revenue Service to find out for a qualified candidate
The IRS Tax Levy, IRS Wage Garnishment Releases and Removals and case closings.
The IRS filed 1.8 million the bank and wage garnishment levies last year. IRS filed over 700,000 federal tax liens.
Before IRS will release a tax levy, a wage garnishment or bank seizure, Internal Revenue Service will need a current documented financial statement.
Your financial statement is the key to closing your case and settling your case.
If your case is in the automatic collection system, you will be filling out and documenting form 433F which you can find directly on our website. It is the only form the Internal Revenue Service will use.
When calling our office we will complete the form, speak to the Internal Revenue Service and within 24 hours of having your fully documented financial statement we can get your IRS tax levy released.
If the cases are in the local IRS office form 433 a will be required and a much more detailed investigation will be made on your current financial statement.
If this is the case a revenue officer out of the local office will be looking at your case.
Being a former IRS agent teaching instructors gives us a huge advantage and the benefit of our experience is invaluable to our clients.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses.
IRS does a thorough review of your financial statement therefore you want to make sure you are both honest and accurate. IRS has the ability to go back as far as they want for their financial review. 3 to 6 months is a general indicator of IRS’s review process.
As a general rule, IRS will not release your levy until all your tax returns are filed.
We can prepare all your back tax returns with little or no records. Within a couple days we can do a complete tax reconstruction for any back tax years on unfiled tax returns.
Internal Revenue Service usually closes your case off the enforcement two general ways: Based on your current financial statement, IRS will put you in a currently uncollectible file or put you in a payment agreement.
Over 40% of collection cases wind up in a current tax hardship and 6.5 million other taxpayers are put into monthly installment payment plans.
IRS may fail to release an IRS tax levy wage garnishment or bank levy because taxpayers have failed to file back tax returns.
After the review of your IRS financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program.
We are true IRS tax experts. Call us today for free initial tax consultation
IRS Tax Levy Help + Stop IRS Bank Levies & Wage Garnishments + Settle IRS Tax Debt + UnFiled Back Taxes + STOP IRS + Peekskill, Saratoga, Elmira, Scarsdale, Rye
by Jim Magary | Aug 18, 2015 | Tax Help
Truckers Highway Use Tax Return is due Aug. 31
The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2015, and ends June 30, 2016. Returns must be filed and tax payments made by Aug. 31 for vehicles used on the road during July.
For vehicles first used after July, the deadline is the last day of the month following the month of first use.
Though some taxpayers have the option of filing Form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this form electronically and paying any tax due electronically.
Taxpayers reporting 25 or more vehicles must e-file. A list of IRS-approved e-file providers can be found on IRS.gov.
The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more.
This generally includes trucks, truck tractors and buses.
Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.
The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply, explained in the instructions to Form 2290.
by Jim Magary | Aug 18, 2015 | Tax Help
Get Your Payment Agreement Reinstated, get placed in a Hardship or Settle your Tax Bill once and for all.
I am a former IRS agent and teaching instructor and understand the system of IRS inside and out.
The Internal Revenue Service is an advocate of resolving IRS collection debt through the taking and analyzing of a 433F or 433A which is a IRS financial statement.
IRS on each case in which back taxes are owed ( some exceptions ) will take this current financial statement along with documentation and close cases as a general rule by placing you into an installment agreement, asking for a monthly payment, or you could consider the filing of an offer in compromise to settle your tax debt.
The Internal Revenue Service placed approximately 6.5million of all taxpayers who owed back taxes into current installment agreements.
Statistics show that approximately 40% of all those taxpayers eventually break the terms of their installment agreement with the Internal Revenue Service.
So what are you to do?
Many times you were forced into those installment payments because IRS did not use and apply the proper formulas and forced you into an agreement that you could not make or could not keep.
At fresh start tax, we take new financial statements and properly close your case with the Internal Revenue Service and make sure you can live with the arrangement between you and the Internal Revenue Service.
Call us today for free initial tax consultation and we will walk you through the process.
by Jim Magary | Aug 17, 2015 | Tax Help
We are an “AFFORDABLE “ professional tax firm that has been in private practices 1982. We can completely resolve your case!
If you wish to settle back IRS taxes can call us today to learn about the different systems IRS uses to settle back tax debt. Being former IRS agents we know the system.
If you have any back tax issues with the Internal Revenue Service or have not filed back income tax returns, we can result in settle your case all at the same time.
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.
Fresh Start tax LLC is a much 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. Our vast experience and knowledge with the Internal Revenue Service works in your favor.
If you want to settle your back taxes, IRS will require a current financial statement along with documentation.
IRS rules require only form 433F or 433A may be used along with bank statements, copy of pay stubs, and monthly expenditures.
The Internal Revenue Service will compare your expenses against your income and compare that to that of the national, regional, and localized standards and come up with the ruling. We can help turn that ruling in your favor. you can find the national, regional, and localized standards directly on our website.
All tax returns must be 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
IRS levies approximately 1.9 million taxpayers each and every year.
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.
Settling IRS Tax Debt
If you wish to settle your IRS tax that you will do have to do so through the offer in compromise program.
What is an Offer in Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible for a OIC.
In order to be eligible for a OIC, the taxpayer must have:
• filed all tax returns,
• made all required estimated tax payments for the current year, and
• made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees.
In most cases, the IRS will not accept a OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (the RCP). The reason for this is quite simple, the IRS can just sees the asset and collect the full value.
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property. In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.
Most offers in compromises take any where between 20 hours to work by an IRS agent. Also if a the offer and compromise is accepted it becomes a matter of public record and is available for public inspection.
The offer in compromise or tax settlement stays on record for one year at the regional tax offices for public inspection. That’s right, you can walk right into a regional office and asked them to see their accepted offers in compromise.
The IRS may accept a OIC based on three grounds.
1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists under applicable law that the IRS has correctly determined the amount owed.
2. Acceptance is permitted if there is doubt that the amount owed is fully collectible. This means that doubt as to collectibility exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3. Acceptance is permitted based on effective tax administration.
An offer in compromise may be accepted based on effective tax administration when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
We are a full service tax firm, since 1982. We are A+ rated by the Better Business Bureau. get help from true IRS tax professionals.
Settle Back IRS Taxes + Unfiled Tax Returns + IRS Levy’s + IRS Payments + IRS Problems = Former Agents * Fast Affordable
by Jim Magary | Aug 17, 2015 | Tax Help
If you are dealing with an IRS tax problem call us today, we are the “AFFORDABLE” professional tax firm with over 206 years of professional tax experience, since 1982.
True IRS Tax Experts! A plus Rated
We have over 60 years of direct work experience in the local, district and regional tax offices of the Internal Revenue Service.
We know the IRS system inside and out. We have worked as supervisors, as managers, and teachings instructors.
As former employees we taught new IRS agents their job. You want our years of experience working for you.
If you have any sort of IRS problem contact us today and we can review with you various solutions to go ahead and help with an IRS final notice, certified mail, intent to levy, the filing of a federal tax lien, payment plans and the settling of your case through an offer a compromise.
We know how to stop the Internal Revenue Service. we will thoroughly review your case and go over various options and remedies to completely end your IRS problem or situation.
If you have received an IRS final notice, we can stop IRS today with the simple filing of a power of attorney and with a direct IRS conversation. We will pull IRS transcripts and give you a full case evaluation.
We can talk to you about the removal or the filing a federal tax liens, work out a payment plan, release a tax levy or talk to you about settling your debt to the offer in compromise program. Through the new IRS fresh start initiative many more taxpayers are settling their debt for pennies on a dollar, however you must be a qualified candidate.
If you are going to owe back taxes and wish a payment plan or which to reach a settlement with them call us today for a free initial tax consultation.
IRS Tax Billing Notices
If IRS sends you a document it is time sensitive and taxpayers must follow-up on all time sensitive letters. Never ignore an IRS tax notice, they will follow-up and do exactly what they say.
Once a tax return is filed or IRS initiates a tax assessment, IRS sends out a series of five notices and those notices are sent five cycles or five weeks apart.
IRS has the option, depending on the dollar amount and the history of the taxpayer to speed up those assessments.
The IRS Billing Notices for those that owe IRS Back Taxes.
These IRS tax notices are all sent out in five-week billing cycles.
1. CP 14 – This is the notice of balance due,
2.CP 501 – This is a Bill that you still owe tax,
3. CP503 – Important, Immediate Action Required
4. CP 504 – Urgent Notice – We Intend to Levy on Certain Assets, Please Respond Now
5. CP90/CP297/ – IRS Letter 1058 – Final Notice of Intent to Levy of Your Right to a Hearing
6.CP 91- CP298 -Final IRS Notice, You must answer his Notice!
IRS has the right in the option to skip certain billing notices based on the history and compliance of certain taxpayers. IRS has the right after a review of your case to simply send you a final notice. Please make sure you respond to all IRS final notices.
Call us today for free initial tax consultation and hear the truth about your case from true affordable tax experts.
IRS Final Notice Certified Mail + STOP IRS NOW + Intent to Tax Levy + IRS Lien Levy + Payment Plans + Settle Offer in Compromise, Unfiled Tax Returns
