by Jim Magary | Jul 30, 2015 | Tax Help
We are “AFFORDABLE” Former IRS Agents & Managers that specialize in the immediate removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system, since 1982.
We have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
IRS files 1.9 million tax levies each and every year.
If you have received an IRS tax levy you are not alone.
This number includes bank levies, wage garnishment levies and third-party levies.
Being former IRS agents we know the exact system to get immediate removals of any type of IRS tax levy.
We have a streamlined process that can affordably solve your IRS tax debt and release your tax levy all at the same time.
When you call our offices we will go over a variety of solutions and resolutions to not only get your IRS wage garnishment levy released but close and settle your case all at the same time. Each key case is unique and dependent on the taxpayer’s financial statement.
The importance of your financial statement is key to success in negotiating any type of dealer settlement or levy release with the Internal Revenue Service. Let our experience in tax negotiation work for you.
IRS Final Tax Billing Notices
If you do not respond to the IRS the final notice, the IRS has no choice but to systemically send out an IRS bank or wage garnishment levy. IRS billing cycles or five weeks apart in this critical you answer all IRS correspondence.
The IRS Cade 2 computer system is the mother of all collection tools. It sends out millions and millions pieces of mail each and every year. It collects billions of dollars for the United States Treasury Department.
It is the largest collection computer in the world. Not a human hand touches and IRS levy they are all systemically sent out.
As a general rule, 24 hours after receiving your current and verifiable financial statement we can get your IRS tax, bank levy garnishment released and your case closed with the IRS.
IRS Required Financial Statement- the 433F
IRS will require a current financial statement before they will release a bank levy, wage garnishment levy.
The IRS financial statement is required documentation before they can close any case.
It will need to be on form 433F. The form 433 a is used by the local offices and exclusively by revenue officers. If your case is in the local office you will have a much more experienced IRS agent working the case. they are much more sophisticated and skilled.
IRS will require the last 3 months of bank statements, copy of all monthly expenses and a copy of your pay stub to verify your current financial statement. IRS conducts a thorough review of your financial statement.
IRS will compare your financial statement with that of the national averages and regional norms and come up with a plan to close your case off the IRS enforcement computer.
As a general rule IRS settles case by putting them into hardship, payment agreements or the recommendation of settling your tax debt to the offer in compromise.
The IRS places over 40% of their collection cases into a current tax hardship or uncollectible and over 6 million people enter into installment payments every year. Your financial statement will determine the way IRS will close their case.
It is important for you to know if you owe back IRS tax debt, you will have to file all back tax returns before the Internal Revenue Service will negotiate with you. IRS will not release your tax levy unless you file your back tax returns.
Some of our clients are eligible for the new fresh start tax initiative called the offer in compromise to settle their tax debt for pennies on a dollar.
When speaking to somebody on our friendly staff, we will let you know if you are an eligible candidate to settle your tax debt through the offer in compromise program.
Last year there were 78,000 offers in compromise filed in close to 40% of more accepted by the Internal Revenue Service for average of $6500.
The offer compromise program, OIC, is not for everybody. You must make sure your qualify for this program.
We will walk you through the pre-qualifier tool before you spend any money to make sure you are a qualified candidate for the program.
Call us today to learn more about the offer in compromise program offered by the Internal Revenue Service to settle your back IRS tax debt issues.
You will hear the truth from true season tax professionals who have over 60 years of direct work experience with the Internal Revenue Service.
Stop IRS Tax Levy NOW = IRS Bank or Wage Garnishment Levies + Settle with IRS + Unfiled Tax Returns + IRS Payment Plans = Edmond, Moore, Midwest City, Enid, Stillwater
by Jim Magary | Jul 30, 2015 | Tax Help
Depositing and Reporting Employment Taxes
In general, you must deposit federal income tax withheld, and both the employer and employee social security and Medicare taxes.
There are two deposit schedules, monthly and semi-weekly.
Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. To determine your payment schedule, review Publication 15 for Forms 941, 944 and 945, or Publication 51 for Form 943.
If you fail to make a timely deposit, you may be subject to a failure-to-deposit penalty of up to 15 percent.
Deposits for FUTA Tax (Form 940) are required for the quarter within which the tax due exceeds $500. The tax must be deposited by the end of the month following the end of the quarter.
You must use electronic funds transfer (EFTPS) to make all federal tax deposits. See the Employment Tax Due Dates page for information on when deposits are due.
Reporting Employment Taxes
Generally, employers must report wages, tips and other compensation paid to an employee by filing the required form(s) to the IRS.
You must also report taxes you deposit by filing Forms 940, 941 and 944 on paper or through e-file.
Federal Income Tax and Social Security and Medicare Tax
In general, employers who withhold federal income tax or social security and Medicare taxes must file Form 941, Employer’s Quarterly Federal Tax Return each quarter.
This includes withholding on sick pay and supplemental unemployment benefits
File Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees if you are filling to report agricultural wages.
File Form 944, Employer’s Annual Federal Tax Return if you have received written notification about the Form 944 program.
File Form 945, Annual Return of Withheld Federal Income Tax if you are filing to report backup withholding.
Federal Unemployment Tax Act (FUTA)
Only the employer pays FUTA tax; it is not withheld from the employee’s wages. Report your FUTA taxes by filing Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return.
Preparing and Filing Form W-2
At the end of the year, the employer must complete Form W-2, Wage and Tax Statement to report wages, tips and other compensation paid to an employee.
File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, to the Social Security Administration (SSA).
File Copy 1 to an employee’s state or local tax department.
Due Dates
See the Employment Tax Due Dates page for filing and depositing due dates. For more information on depositing and filing these forms, refer to Publication 15, Employer’s Tax Guide.
by Jim Magary | Jul 30, 2015 | Tax Help
The AFFORDABLE Tax Firm. 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released & settle your case.
We know the system, as Former IRS Managers and Agents. We have a combined 60 years of agent, managerial and supervisory experience as former IRS agents.
Because of our years of experience working at Internal Revenue Service we know the system to get immediate releases of an IRS tax levy, IRS bank levy or IRS wage garnishment.
There is a very specific format to get a tax levy released.
Not only can we get your tax levy released or removed we can also settle your case at the same time. We can get the IRS off your back today. IRS will close your case off the IRS collection computer.
We have worked in the system for over 60 years and understand the protocols and the internal revenue manual’s to get your levy released in your case closed with IRS.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau. We have over 206 years of professional tax experience.
What it takes to get your IRS tax levy, wage levy garnishment tax levy released or removed.
As a general rule, if taxpayers do not respond to final notice is sent by IRS, the Internal Revenue Service is required to send out a tax levy. It is important to respond to all IRS requests by mail. IRS generally sends out five billing notices and then the important 1058 that lets you know an IRS tax levy is to follow.
Once again you must answer all IRS mail. As a former IRS agent I can tell you that taxpayers stick their head in the sand and seal their own fate by not responding to the IRS final notice before seizure.
As a general rule, IRS sends out close to 1.9 million tax levies each year and the IRS files close to 800,000 federal tax liens.
There is a difference be between an IRS federal tax levy in the federal tax lien.
A federal tax levy is a seizure a federal tax lien is a document to get placed at your courthouse letting the public know that you will money to the Internal Revenue Service. It can actually destroy your credit.
To get your IRS tax levy or wage garnishment released it will be necessary for you to give IRS a current documented financial statement along with making sure all your tax returns are filed in on IRS’s computer system.
It will be necessary for you to fully complete an IRS form 433F (an IRS financial statement) that you can find on our website along with supplying IRS with bank statements, pay stubs and copy of all monthly expenses.
When you call our office we were thoroughly review your case, give you a free tax assessment and let you know the necessary steps to completely remove your IRS problem including releasing an IRS tax levy, or wage levy garnishment and settling your case all at the same time.
IRS will generally close your case by putting it into a tax hardship or asking for a monthly payment plan. Over 40% of the cases get put into tax hardship and 6.5 million enter monthly payments.
Others have the options to file for tax debt settlement called the offer in compromise but you must qualify for the program.
When you call us we will go over the various solutions.
There is a pre-qualifier tools that we have taxpayers and clients fill out to find out if they can settle their debt for pennies on the dollar. We do not file for an offer in compromise unless we know you’re a qualified candidate.
To file for the offer in compromise all your tax returns must be filed.
Note: Please keep in mind if you have unfiled or back to tax returns, the IRS has the option of not releasing a federal tax levy because you are not in full compliance with tax laws.
Call us today for free initial tax consultation. When you call our office you will speak to a true IRS tax professional.
Remove IRS Tax Levy NOW + Bank Levy, Wage Garnishments + Settle IRS Tax Debt + File Back Tax Returns, Former IRS + Edmond, Moore, Midwest City, Enid, Stillwater
by Jim Magary | Jul 30, 2015 | Tax Help
No Need to Wait Until Oct. 15 Extension Deadline to File
Oct. 15 is the last day to file 2014 tax returns for most people who requested an automatic six-month extension.
However, you can file any time before Oct. 15 if you have all your required tax documents.
If you are one of the nearly 13 million taxpayers who asked for more time to file your federal tax return this year, you don’t need to wait until Oct. 15 extension deadline to file your return.
You can file now if you are ready.
As you prepare to file, here are some things that you should know:
A Refund May be Waiting.
If you are due a refund, you should file as soon as possible to get it.
Try Easy-to-Use Tools on IRS.gov. Use the EITC Assistant to see if you’re eligible for the credit.
Use the Interactive Tax Assistant tool to get answers to common tax questions, including new Health Care Law topics.
Use these interactive tools to find out if you’re eligible to claim the premium tax credit, qualify for an exemption or if you must make a payment.
Use IRS Direct Pay.
If you owe taxes the best way to pay them is with IRS Direct Pay.
It’s the simple, quick and free way to pay from your checking or savings account. Just click on the ‘Pay Your Tax Bill’ icon on the IRS home page.
Understand the Health Care Law’s effect on your taxes.
The Affordable Care Act requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file.
If you purchased coverage through the Marketplace, you may be eligible for the premium tax credit and need to use Form 8962, Premium Tax Credit, to reconcile any advance payments made on your behalf.
If you do not file a 2014 tax return you will not be eligible for advance payments or cost-sharing reductions to help pay for your Marketplace health insurance coverage in 2016.
Filing as soon as possible, using your most current Form 1095-A, Health Insurance Marketplace Statement, will substantially increase your chances of avoiding a gap in receiving this help.
Missed Deadline?
File as Soon as You Can. If you did not request an extension by April 15, you should file and pay as soon as you can anyway. This will stop the interest and penalties that you will owe. IRS Direct Pay offers you a free, secure and easy way to pay your tax directly from your checking or savings account.
There is no penalty for filing a late return if you are due a refund. The sooner you file, the sooner you’ll get it.
Don’t Forget the Oct. 15 Deadline.
If you aren’t ready to file yet, remember to file by Oct. 15 to avoid a late filing penalty. If you owe and can’t pay all of your taxes, pay as much as you can to reduce interest and penalties for late payment.
Use the Online Payment Agreement tool to ask for more time to pay. In most cases, the failure-to-file penalty is 10 times more than the failure-to-pay penalty.
So if you can’t pay in full, you should file your tax return as soon as you can and pay as much as you can.
More Time for the Military.
Some people have more time to file. This includes members of the military and others serving in a combat zone.
If this applies to you, you typically have until at least 180 days after you leave the combat zone to both file returns and pay any taxes due.
As former IRS agents in teaching instructors we can help audit proof your tax return today. Call us for a free initial tax consultation.
by Jim Magary | Jul 30, 2015 | Tax Help
We are an “Affordable” Professional Tax Firm that has been in private practices 1982. We Know the system, A plus rated BBB
If you have any back tax issues with the Internal Revenue Service or have not filed back tax returns, we can resolve and settle your case all at the same time.
We can talk to you about settling your back tax debt with the Internal Revenue Service, file any and all back tax returns not filed, release an IRS tax levy or garnishment within 24 hours of receiving a current financial statement, place you into IRS tax plan.
We will fully review your case and go over the very best exit strategy. having worked for Internal Revenue Service for a combined 60 years we know the system.
We have over 206 years of professional tax experience in over 60 years of working directly for the Internal Revenue Service and 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. You can work directly with true IRS tax experts.
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 433-F, along with bank statements, copy of pay stubs, and monthly expenditures.
It is important a true professional full-out the financial statements because we know exactly what IRS is looking for and can help navigate the waters to get you achieved results.
If you have not filed tax returns we can prepare your returns with little or no records do our reconstructive methods we learned IRS.
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.
We are a full service tax firm, since 1982.
We have over 206 years of professional tax experience and we are A+ rated by the Better Business Bureau.
Settle Back IRS Taxes + Back Tax Returns + Fast IRS Levy’s Removals + IRS Payments Plans = Former Agents = Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton
by Jim Magary | Jul 30, 2015 | Tax Help
We are an “Affordable” professional firm of former IRS agents and managers who have over 60 years working for the IRS. We know the system.
If you have an IRS tax problem call us today and we will go over the various solutions to go ahead and get IRS off your back.
If you have received an IRS final notice, received a notice of levy on your wages or your bank account has been seized, call us today and we will review the process to get immediate release of the federal tax levy.
If the IRS is filed the federal tax lien we can go over options with you to get the federal tax lien released.
We are IRS tax specialist for all IRS collection and audit division problems including payment plans and offers compromise.
I am a former IRS revenue officer in IRS expert in collection matters.
The Internal Revenue Service is the largest collection agency in the world and has tools that can make your life miserable. Their collection computer can make your life absolutely miserable. IRS collects billions of dollars through the CADE2 computer.
We specialize in immediate and permanent IRS tax relief.
If you have received any IRS notice or letter, as a general rule, with one phone call and the filing of a power of attorney we can stop the Internal Revenue Service. You will never have to speak to IRS.
If you have received an IRS tax levy or wage garnishment on a paycheck, within 24 hours of receiving a current documented financial statement and as a general rule, we can obtain or remove the IRS levy and settle your case all at the same time.
If you owe IRS tax debt we can talk to you about getting your case put into a hardship, entering into a payment plan or the submission of an offer in compromise.
Call us today and speak to a true IRS tax professional.
IRS Taxes Debt Relief NOW= IRS Final Notices + IRS Levy = Paycheck Garnishment, Tax Seizure + Tax Lien + Payment Plans + Settling Taxes + Oklahoma City, Tulsa, Norman, Broken Arrow, Lawton
