by Jim Magary | Jun 30, 2015 | Tax Help
Within 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy AFFORDABLY released & your case closed.
We know the system, Former IRS Managers and Agents, AFFORDABLE !
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.
Not only can we get your tax levy released or removed we can also settle your case at the same time. As a general rule IRS will close your case off the collection computer by putting your case in a tax hardship, asking for a payment plan or by you filing an offer in compromise to settle your debt for pennies on the dollar.
FST is a full service tax firm with an expertise in IRS and state tax matters.We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau
What it takes to get your IRS tax levy, wage levy garnishment tax levy released.
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. Tax levies generally go out by the seizure of bank accounts or wages.
As a general rule IRS sends out close to 1.9 million tax levies each year.
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.
Call us today for a free initial tax consultation and we will walk you through the system of getting an IRS tax levy, bank levy or wage garnishment levy released.
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.
When you call our office, we will also talk to you about the settling of your tax debt to the offer in compromise program. We will walk you through the pre-qualifier tool to find out if you are eligible candidate.
Call us today for a free initial tax consultation.
IRS Tax Levy Removed + Bank Levy + Wage Garnishments + Settle IRS Tax Problem + Fast Affordable + Las Vegas, Henderson, Paradise, Reno, Sunrise Manor
by Jim Magary | Jun 30, 2015 | Tax Help
The are an”AFFORDABLE” professional tax firm with over 206 years of professional tax experience, since 1982.
We have over 60 years of direct work experience in the local, district and regional tax offices of the Internal Revenue Service.
We have worked as IRS supervisors, IRS managers, and IRS teachings instructors. we know the system inside and out.
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 will develop a specific plan of action directly for you based on your current financial condition and needs.
Our firm knows 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.
We can completely remove the stress and the worry that you have because of our knowledge and experience of the system.
We’ve been doing this since 1982 and understand the system inside and out.
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 handle all correspondence and you will never communicate with the Internal Revenue Service.
Stop the worry today.
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.
The internal revenue service files 700,000 federal tax liens a year and places 6.5 million taxpayers that the payment agreements.
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.
We will lay out a very specific plan and educate you about the process of tax resolution for your individual case.
IRS Tax Billing Notices
If IRS sends you a document it is time sensitive and taxpayers must follow-up on all time sensitive letters.
The system of the IRS Tax billing Notices, you must respond to IRS tax billing notices.
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.
If you are in need a professional tax help call us today and speak to a tax firm who truly knows the system they can help you with any tax problem you have.
We can stop the IRS today because we know the system we worked in the system and we have the experience within the system.
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. CP – 503 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 – Final Notice, Certified Mail + STOP IRS NOW + Intent to Tax Levy + IRS Lien + Payment Plans + Offer in Compromise
by Jim Magary | Jun 30, 2015 | Tax Help
Safeguard their Tax Records
Tips to safeguard your tax records.
Create an Electronic Additional Set of Records
Taxpayers should keep a duplicate set of records including bank statements, tax returns, identifications and insurance policies in a safe place such as a waterproof container, and away from the original set.
Keeping an additional set of records is easier now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet. Even if the original records are only provided on paper, these can be scanned into an electronic format.
This way, taxpayers can save them to the cloud, download them to a storage device such as an external hard drive or USB flash drive, or burn them to a CD or DVD.
Document Valuables
Another step a taxpayer can take to prepare for a disaster is to photograph or videotape the contents of his or her home, especially items of higher value. The IRS has a disaster loss workbooks,Publication 584, which can help taxpayers compile a room-by-room list of belongings.
A photographic record can help an individual prove the fair market value of items for insurance and casualty loss claims. Ideally, photos should be stored with a friend or family member who lives outside the area.
Update Emergency Plans
Emergency plans should be reviewed annually. Personal and business situations change over time as do preparedness needs.
When employers hire new employees or when a company or organization changes functions, plans should be updated accordingly and employees should be informed of the changes. Make your plans ahead of time and practice them.
Check on Fiduciary Bonds
Employers who use payroll service providers should ask the provider if it has a fiduciary bond in place. The bond could protect the employer in the event of default by the payroll service provider.
IRS Ready to Help
If disaster strikes, an affected taxpayer can call 1-866-562-5227 to speak with an IRS specialist trained to handle disaster-related issues.
Back copies of previously filed tax returns and all attachments, including Forms W-2, can be requested by filing Form 4506, Request for Copy of Tax Return.
Alternatively, transcripts showing most line items on these returns can be ordered by calling 1-800-908-9946 or by using Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript or Form 4506-T, Request for Transcript of Tax Return.
by Jim Magary | Jun 30, 2015 | Tax Help
FST, over 60 years of direct IRS work experience, the affordable choice. We know the system inside and out.
I was a former IRS agent and teaching instructor of the offer in compromise program at the Internal Revenue Service. I worked in the local, district, and regional tax offices of the IRS.
I caution everyone before filing an offer to make sure they are qualified candidate.
It is very important you walk to the pre-qualifier tool before you waste time or money to make sure you’re truly qualified to be accepted to the program.
Last year approximately 78,000 offers in compromise were filed with the Internal Revenue Service and approximately 38,000 of those were accepted. The average settlement was $6500 per case.
Call our office for a free initial tax consultation and find out whether you are a qualified candidate to file for offer in compromise. I caution looking to settle their debt for pennies on the dollar to make sure you find a qualified firm and true specialist. There are many ripoff artists out there that claim to settle your debt for pennies on the dollar make sure you check the firm out well before you give them any money.
Fresh Start Tax LLC
Have former IRS agents and managers settle your tax debt with the IRS, since 1982, A+ rated BBB. The affordable tax firm!
We are composed of former IRS agents and managers who were former employees of the Internal Revenue Service.
We have over 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
The writer of this blog is a former revenue officer who both worked and was a former teaching instructor of the offer in compromise which is the way IRS settles IRS tax debt. Not only did I work the program at the Internal Revenue Service of the offer compromise, I was a teaching instructor. I know the program inside and out.
You can call us today for free initial tax consultation and find out if you are a true offer in compromise tax debt settlement candidate.
It is important to know you will that all back tax returns will have to be filed, up-to-date and current on the IRS computer system before the Internal Revenue Service will accept an offer in compromise. IRS always conducts a full compliance check to make sure all tax returns are on their system.
Many times IRS looks to reject offers rather than accept them because of the sheer amount of work it takes to get one approved by management. Rejecting the offer based on a lack of filing is the easiest way for IRS to reject your offer.
The best thing that you can do was walk through the pre-qualifier tool to make sure you’re a qualified candidate or call our office today and we will walk you through the process.
Offer in Compromise
Please use the most current revision of Form 656-B in preparing and submitting your Offer in Compromise.
Use of outdated forms and instructions may cause a delay in the processing of your offer application.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe.
It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS considers your unique set of facts and circumstances:
• Ability to pay;
• Income;
• Expenses; and
• Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Make sure you are eligible
Before IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.
Submit your offer
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include:
• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;
• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
• $186 application fee (non-refundable); and
• Initial payment (non-refundable) for each Form 656.
Select a payment option
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 process
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.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are a full-service professional tax firm that has a unique expertise in the resolution of all IRS tax matters.
Broomfield + Offer in Compromise, Settle with IRS Debt + Former IRS Agent & Offer Specialist + Settle For Less
by Jim Magary | Jun 29, 2015 | Tax Help
We are an “AFFORDABLE” PROFESSIONAL Tax Firm, 24 hours of receiving your current financial statement we can get an IRS Tax Levy, Bank Levy, Wage Garnishment levy released & your case settled, guaranteed !!!
We have worked out of the local, district, and regional tax offices of the Internal Revenue Service. We are true IRS tax experts. We have worked his IRS supervisors, managers and teaching instructors.
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. Not only can we get your tax levy released or removed we can also settle your case at the same time.
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.
On our staff have been IRS managers, supervisors, and teaching instructors with the IRS.
We’ve been practicing since 1982 and are A+ rated by the Better Business Bureau.
Get your IRS tax levy, bank levy wage levy garnishment tax levy released.
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.
As a general rule no human hand touches IRS mail, it is all set out systemically by the IRS Cade 2 computer. 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 and all IRS information is time sensitive. IRS will follow-up on all correspondence. Make sure you not bury your head in the sand thinking this would go away.
The Internal Revenue Service sends out notices out notices on five-week billing cycles.
To find out where you are in the system, look on the top right corner, it’ll let you know a code number and experienced tax professional can let you know where you are in the IRS billing system
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.
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.
A federal tax lien can stay on public court records for 10 years. they are generally released by full payment, statute expiration or accepted offer in compromise. The IRS filed 700,000 federal tax liens last year.
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. The Internal Revenue Service does a thorough review of your current financial statement before closing your case.
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.
40% of all cases are put in the tax hardship and 6.5 million cases are put into monthly installment agreements. Even though these numbers change from year to year these are pretty close to yearly averages.
Offer in Compromise, Settlements
Last year IRS accepted 38,000 offers in compromise for average settlement of $6500 per case. Please keep in mind that is only an average.
Please Note : Your individual financial statement will determine how IRS will close your case.
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.
We can prepare any and all back tax returns with little or no records.
If you do not prepare your back tax returns, the IRS can prepare them and make sure you pay the most amount allowed by law under code section 6020B.
If you’ve lost your tax records we can reconstruct them through methods we have learned at the Internal Revenue Service.
Please call us today for a free initial tax consultation, since 1982.
We are the fast, friendly, and affordable professional tax firm.
Remove IRS Tax Levy NOW + IRS Bank Levy + Wage Garnishment + Owe Back Tax Debt + Unfiled Tax Returns + Former IRS + Parker, Northglenn, Englewood, Highlands
by Jim Magary | Jun 29, 2015 | Tax Help
We specialize in AFFORDABLE IRS tax debt relief. FST can stop and resolve IRS Problems NOW! Former Agents, we know the system.
Former IRS Agents who know the system. Call us today for a free initial tax consultation.
When you retain us, you will never have to speak to Internal Revenue Service. We are the AFFORDABLE professional tax firm. With over 60 years of working directly for the Internal Revenue Service we know the system!
If you need to resolve or settle you IRS tax debt call us today and speak directly to a true IRS tax expert. We have been resolving IRS tax debt problems on back taxes since 1982.
You will speak to a true affordable tax expert who will go over different options with you. you will hear every possible remedy to end your IRS tax problem.
We can prepare and file old or back tax returns and provide the best possible tax audit defense for IRS.
We have been in private practice since 1982 and are a full-service tax firm. We have a combined 206 years of professional tax experience.
Our former IRS revenue officers can help resolve any IRS tax debt our former IRS audit managers can help provide your best audit defense.
If you are in receipt of a bank or wage garnishment levy, within 24 hours we can release your tax Levy and close your case. We know the system.
Some tax facts.
The IRS audits less than 1% of all taxpayers each and every year,
the IRS settles close to 40,000 offers in compromise every year,
the IRS files 1.9 tax levies each and every year,
the IRS files close to 700,000 federal tax liens each and every year.
Call us today for free initial tax consultation.
You’ll hear the truth from former IRS agents and managers who know the system.
We are your very best possible IRS tax defense.
IRS Back Tax Debt + STOP IRS NOW + IRS Audit Defense + Unfiled Back Tax Returns + IRS Tax Levies – Offer Compromise + Parker, Northglenn, Englewood, Highlands
