by Jim Magary | Aug 7, 2015 | Tax Help
We are an affordable full service IRS tax firm that specialize in the resolution of all IRS tax matters. We are specialists for those who owe IRS back payroll taxes, 941 tax debt.
Being a former IRS revenue officer and teaching instructor, I worked hundreds upon hundreds of payroll tax cases and I understand the complexities and have immediate resolution options to go over to resolve any IRS tax debt problem.
Each and every case has a viable solution.
If you do not understand the IRS methods, IRS can dictate the way they choose to work your case.
Due to our years of experience with the IRS, we know exactly how to handle IRS and find success in dealing with those who all back payroll tax debt to the Internal Revenue Service.
I can tell you being a former IRS agent & teaching instructor the IRS is very aggressive in collecting back payroll taxes.
When you work with us we will submit an immediate power of attorney so the Internal Revenue Service only deals with us and you will never have to speak to IRS.
We will secure and review the necessary financial statements, the 433A& 433B, and talk to you about working out a viable solution to protect your business from the Internal Revenue Service.
Taxpayer should beware that IRS will impose a 6672 penalty, or the trust fund penalty for those responsible persons who were authorized to pay the back payroll taxes.
The 6672 penalty: the Internal Revenue Service will determine who was liable to pay the back taxes and they willfully made determinations not to pay IRS can be held liable for this penalty.
When you call us we will go over the trust fund penalty so you understand how it relates to you.
Definition of wilfulness
1. The trust fund recovery penalty is a civil penalty; so the degree of wilfulness in failing to collect or pay over any tax leading to liability for this penalty is not as great as that necessary for criminal proceedings.
wilfulness in the context of the TFRP is defined as intentional, deliberate, voluntary, and knowing, as distinguished from accidental. “wilfulness” is the attitude of a responsible person who with free will or choice either intentionally disregards the law or is plainly indifferent to its requirements. Some factors to consider when determining wilfulness are:
• Whether the responsible person had knowledge of a pattern of noncompliance at the time the delinquencies were accruing;
• Whether the responsible person had received prior IRS notices indicating that employment tax returns have not been filed, or are inaccurate, or that employment taxes have not been paid;
• The actions the responsible party has taken to ensure its Federal employment tax obligations have been met after becoming aware of the tax delinquencies; and
• Whether fraud or deception was used to conceal the nonpayment of tax from detection by the responsible person.
Call us today and we will go over every available option to go ahead to keep your business going in to keep IRS out of your back pocket.
Owe IRS Payroll Tax Problem + IRS Tax Help + Settlements + Payment Plans + Back Payroll Debt Options + Former IRS + New York, Brooklyn, Borough of Queens, Manhattan, Bronx
by Jim Magary | Aug 7, 2015 | Tax Help
We are the affordable professional tax firm consisting of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, since 1982. We Know the System! A plus Rated
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service.
We not only were former IRS agents but teaching instructors as well.
Our professional staff includes tax attorneys, tax lawyers, certified public accountants and array of former IRS agents, managers and teaching instructors.
We also have worked as IRS revenue agents, IRS revenue officers, IRS appeals officers and group managers.
We’re true IRS tax experts and have over 206 years of professional tax experience.
Because of our years at the Internal Revenue Service we know and understand the system and can get you the immediate tax help you need for affordable pricing because of our streamlined processes.We can make this a fast and seamless process for you. You will learn this on your initial consultation.
If you have a problem that may be criminal in nature you can speak directly to an IRS tax attorney or tax lawyer.
If you have received an IRS tax levy or wage garnishment levy, as a general rule within 24 hours of receiving your current financial statement we can get your bank or wage levy released.
If you need to file back tax returns we can prepare your returns with little or no records by pulling tax transcripts. We can prepare your back tax returns under reconstructive methods.
If you need to make a payment plan with the Internal Revenue Service, we can review the different payment plan options and get you started so you can get this problem behind you, your case closed and settled with the IRS today. There a couple different type of payment plans.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
When calling our office you will speak directly to a true IRS tax expert and not a salesperson.
We can work out an IRS payment plan or look at the possibility of settling your tax debt to the offer in compromise program.
Call us today to hear the truth about your tax situation and the easiest and most affordable way to remedy the problem.
IRS Taxes + Tax Attorneys, IRS Tax Lawyers + Instantly Remove Tax Levy, Payroll Tax Problem + File Back Tax Returns + IRS Payment Plans + Settle Tax Debt + Offer in Compromise New York, Brooklyn, Borough of Queens, Manhattan, Bronx
by Jim Magary | Aug 7, 2015 | Tax Help
An “Affordable Professional Tax Firm” that specializes in IRS and state tax resolution. Affordable New York Tax Experts.
We are former IRS Agents & Managers who know the system, since 1982. A plus Rated BBB.
We have been in private practice since 1982 and are true affordable tax experts in resolving individual, business and payroll taxes debt. We have over 206 professional tax experience.
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 understand all the IRS systems protocols and procedures to get you immediate and permanent IRS IRS tax relief.
We can help anyone who owes any federal, State, individual, business, or 941 payroll taxes including those who have not filed back tax returns and those wishing to settle IRS tax debt.
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.
If you owe back taxes whether it be individual, business/corporate, back payroll taxes contact us today and we can review with you different tax solutions to go ahead and permanently and immediately remedy your problem from the Internal Revenue Service.
Please Note:
It is important to understand, those who will owe back taxes that your current financial statement will usually determine the outcome of your case. Therefore the preparation and the completion of your financial statement is the key to success and negotiation with the IRS is critical. It is always best to have a tax professional help you with the preparation documentation in the submission of these forms.
Filing of 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.
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 keeps all your income records for seven years.
IRS Required Financials Statements
If you owe back taxes and as a general rule your financial statement will determine how IRS will close your settle your case.
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.
IRS has the option to determine the period of time and wish they can review your financial records. 3 to 6 months is generally the time periods they choose and is a good reflection of your ability to pay or inability not to pay.
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% of all taxpayers that owe back taxes to the IRS get put in the tax hardships,
2. 6.5 million people get put into payment plans and ,
3. 40,000 people get offers in compromise accepted.
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.
IRS Taxes Debt Help = Owe Back Taxes = Individual, Business, 941 Payroll Taxes + Unfiled Tax Returns + Trust Fund Taxes + IRS Settlement + New York, Brooklyn, Borough of Queens, Manhattan, Bronx
by Jim Magary | Aug 6, 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. A plus Rated, the AFFORDABLE FIRM.
As former IRS agents and managers we know the system.
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 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.
So if you received a bank or wage garnishment levy 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.
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. using former IRS agents and managers will give you a tremendous advantage.
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.
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.
We are tax experts for reconstruction. We can also secure information from IRS tax transcripts to help her. Her back return to help keep your tax returns audit proof.
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.
It is important you file all back tax returns if not the IRS can file for you under 6020 B of the Internal Revenue Code and they will make sure you get no deductions.
IRS will not give any non-filer any deductions or exemptions that they prepare under 6020B.
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. Since 1982, we are A+ rated with over 206 years of professional tax experience.
Remove IRS Tax Levy NOW = Stop Bank & Wage Garnishment + File Back Returns + Offer in Compromise + FORMER IRS + New York, Brooklyn, Borough of Queens, Manhattan, Bronx
by Jim Magary | Aug 6, 2015 | Tax Help
The Affordable professional tax firm that specialize in IRS tax debt relief, former IRS, we know the system, since 1982.
Our principles have been in private practice since 1982 and now we have a nationwide tax practice settling specializing in back tax settlements for individuals, businesses and companies that have back individual, business or payroll IRS tax debt.
If you have back tax debt with the Internal Revenue Service we can go over of various solutions to any tax situation. Your financial statement will determine the outcome of your case.
We have over 60 years of direct work experience at the Internal Revenue Service. Due to our years of experience at the Internal Revenue Service we know all the systems, protocols and function to immediately resolve your IRS situation. We have worked in the local, district, and regional tax offices of the IRS.
We can go over the different types of tax settlement programs, prepare not file tax returns on any type of individual, business or payroll tax case.
Internet Shopping for Tax Resolutions firms
You should know that most of the companies you see on the Internet are lead generation companies that means marketing companies are selling your information to third parties.
Your information is worth $60 – $100 and people bid on the right to represent you. You have no idea who is getting your information.
With FST you are calling in true professional tax firm that understands and knows IRS tax debt relief.
On staff are tax attorneys, CPAs, and former IRS agents and managers who have over 60 years of working directly for the Internal Revenue Service in the local, regional and corporate offices of IRS.
IRS Tax Debt Settlements – OIC
Please understand that with any possible IRS tax settlement with the Internal Revenue Service, you will need to provide IRS with the current documented financial statement.
We will analyze that and go over the best case scenario depending on your individual situation.
The Internal Revenue Service will use the national standard expenses and apply it against your current financial statement to reach a determination on your case.
Whether you will owe individual or payroll taxes IRS basically works all cases the same for back tax debt. IRS always takes detailed financial statements and does a careful analysis before coming up with their endgame strategy.The national standards allow certain expenses matched with certain income.
The reason it is wise to use a tax professional as we understand these formulas and regulations and can get you a far better settlement and you can get by yourself.
Call us today for a free initial tax consultation.
We are A+ rated by the Better Business Bureau.
New York + Affordable IRS Taxes Debt Relief Help+ Former IRS + Back Tax Settlements + Not Filed Tax Returns + Owe Individual, Business, Payroll Tax Debt + Settle Now
by Jim Magary | Aug 6, 2015 | Tax Help
New Tricks by Scam Artists; Losses Top $20 Million
Following the emergence of new variations of widespread tax scams, the Internal Revenue Service today issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people.
These schemes – which can occur over the phone, in e-mails or through letters with authentic looking letterhead – try to trick taxpayers into providing personal financial information or scare people into making a false tax payment that ends up with the criminal.
The Treasury Inspector General for Tax Administration (TIGTA) has received reports of roughly 600,000 contacts since October 2013.
TIGTA is also aware of more than 4,000 victims who have collectively reported over $20 million in financial losses as a result of tax scams.
“We continue to see these aggressive tax scams across the country,” IRS Commissioner John Koskinen said. “Scam artists specialize in being deceptive and fooling people. The IRS urges taxpayers to be extra cautious and think twice before answering suspicious phone calls, emails or letters.”
Scammers posing as IRS agents first targeted those they viewed as most vulnerable, such as older Americans, newly arrived immigrants and those whose first language is not English.
These criminals have expanded their net and are now targeting virtually anyone.
In a new variation, scammers alter what appears on your telephone caller ID to make it seem like they are with the IRS or another agency such as the Department of Motor Vehicles.
They use fake names, titles and badge numbers.
They use online resources to get your name, address and other details about your life to make the call sound official.
They even go as far as copying official IRS letterhead for use in email or regular mail.
Brazen scammers will even provide their victims with directions to the nearest bank or business where the victim can obtain a means of payment such as a debit card.
And in another new variation of these scams, con artists may then provide an actual IRS address where the victim can mail a receipt for the payment – all in an attempt to make the scheme look official.
The most common theme with these tricks seems to be fear.
Scammers try to scare people into reacting immediately without taking a moment to think through what is actually happening.
These scam artists often angrily threaten police arrest, deportation, license revocation or other similarly unpleasant things.
They may also leave “urgent” callback requests, sometimes through “robo-calls,” via phone or email.
The emails will often contain a fake IRS document with a telephone number or email address for your reply.
It is important to remember the official IRS website is IRS.gov. Taxpayers are urged not to be confused or misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov.
Taxpayers should never provide personal information, financial or otherwise, to suspicious websites or strangers calling out of the blue.
Below are five things scammers often do that the real IRS would never do:
The IRS will never:
• Angrily demand immediate payment over the phone, nor will the agency call about taxes owed without first having mailed you a bill.
• Threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.
• Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
• Require you to use a specific payment method for your taxes, such as a prepaid debit card.
• Ask for credit or debit card numbers over the phone.
Here’s what you should do if you think you’re the target of an IRS impersonation scam:
• If you actually do owe taxes, call the IRS at 1-800-829-1040. IRS workers can help you with a payment issue.
• If you know you don’t owe taxes or do not immediately believe that you do, you can report the incident to the Treasury Inspector General for Tax Administration (TIGTA) at 1-800-366-4484.
• If you’ve been targeted by any scam, be sure to contact the Federal Trade Commission and use their FTC Compliant Assistant at FTC.gov. Please add “IRS Telephone Scam” to the comments of your complaint.
