by Jim Magary | May 19, 2015 | Tax Help
If you are dealing with an IRS issue call us today, we are the 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 know the IRS system inside and out.
We have worked as supervisors, as managers, and teachings instructors. We understand every possible solution to any type of IRS problem.
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. IRS accepts close to 40,000 offers in compromise every year.
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 have to communicate with the Internal Revenue Service.
If you have received an IRS notice of intent to levy, we can file a collection due process hearing also to stop IRS.
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.
For over 10 years I was a former revenue officer and teaching instructor at the regional training office of the Internal Revenue Service.
As a former IRS agent I can tell you many taxpayers do not respond to IRS mail. All IRS mail is time sensitive, you must respond the IRS by the given dates or the Internal Revenue Service will generate stepped up enforcement and collection notices.
IRS can literally destroy your life through the mail. Their collection computer is the largest in the world. not a human hand touches notice and levees there all send out systemically.
The system of the IRS Collection 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
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 -IRS Final Notices
We’re the fast, friendly, and affordable professional tax firm.
Received IRS Final Notice, Certified Mail + STOP IRS NOW + Intent to Levy, Lien, Payment Plans, Settle Offer in Compromise,
by Jim Magary | May 19, 2015 | Tax Help
We are AFFORDABLE Former IRS Agents & Managers that specialize in the removal of IRS tax levies, bank levies, and wage garnishment levies. We know the system, since 1982.
IRS files 1.9 million tax levies each year and files over 700,000 federal tax liens each year. The numbers are staggering.
FST results – 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.
It only makes sense as former IRS agents and managers, we know the system inside and out.
We have over 206 years professional tax experience and have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
There’s a very streamlined process too quickly, efficiently and for affordable fees get your IRS tax levy immediately released.
Our former IRS agents have worked in the local, district, and regional tax offices of the Internal Revenue Service. We taught tax law as former IRS Agents.
We cannot only get your bank or wage levy released, we can settle your case all at the same time.
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.
The IRS financial statement will need to be a form 433F.
IRS will require the last payments based statements, copy them all mostly expenses and a copy of your pay stub to verify your current financial statement.
You want to make sure you turn in a correct and honest financial statement to Internal Revenue Service and that’s for hiring tax professionals can help you.
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. you can find old national standards on our website. is very important to know the system.
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.
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.
We have over 206 years professional tax experience and we’re A+ rated by the Better Business Bureau.
STOP IRS BANK, WAGE GARNISHMENT LEVY NOW, & SETTLE, RESOLVE IRS TAX DEBT + AFFORDABLE, FORMER IRS, Beaverton, Bend, Medford, Springfield, Corvallis
by Jim Magary | May 19, 2015 | Tax Help
We can get your IRS tax levy, bank levy or wage garnishment levy released within 24 hours and settle your case all at the same time. We are the affordable tax firm. Since 1982, A plus rated.
Within 24 hours of receiving your current documented financial statement we can remove an IRS tax levy bank levy or wage garnishment levy and close your case off the collection computer.
Being former IRS agents and managers we know and understand the system and have released hundreds of bank and wage levies being former IRS agents we know the process.
Once the Internal Revenue Service reviews your current financial statement they will need to close your case and settle your case.
As a general rule the Internal Revenue Service will place you into a:
1. currently non-collectible file.
2. Place you into a monthly installment payment or
3. Could offer you the possibility to settle your tax debt through the offer in compromise.
The internal revenue generally places 40% of all current collection cases into the non-collectible file and 6.5 million taxpayers into monthly installment agreements.
Just for the record, the Internal Revenue Service sends out close to 1.6 million IRS tax levies, bank levies and wage garnishment levies each and every year.
The only way you will get that tax levy released is to give them a current documented financial statement make sure all your tax returns are filed.
Call us today for a free initial tax consultation and you will speak to a true IRS tax expert.
A+ rated by the Better Business Bureau and practicing since 1982.
Remove IRS Tax Levy, Bank Levy, Wage Levy Garnishment, Settle Tax – FAST AFFORDABLE =Beaverton, Bend, Medford, Springfield, Corvallis
by Jim Magary | May 19, 2015 | Tax Help
Offshore Income and Filing Information for Taxpayers with Offshore Accounts
Need a true expert to help you through this issue or matter, call us today.
U.S. citizens, resident aliens and certain nonresident aliens are required to report worldwide income from all sources including foreign accounts and pay taxes on income from those accounts at their individual rates.
There are many legitimate reasons for holding offshore accounts, including convenience, investing and to facilitate international transactions.
By law, U.S. taxpayers are not permitted to use offshore accounts, such as foreign bank and securities accounts as well as trusts, to avoid paying tax.
In most cases, affected taxpayers need to fill out and attach Schedule B to their tax returns. Part III of Schedule B asks about the existence of foreign accounts and usually requires U.S. citizens to report the country in which each account is located.
Certain taxpayers may also have to fill out and attach to their return Form 8938, Statement of Foreign Financial Assets, if the aggregate value of those assets exceeds certain thresholds that vary depending on filing status and whether the taxpayer lives abroad. Additional filing requirements apply to those with foreign trusts.
Separately, taxpayers with foreign accounts whose aggregate value exceeds $10,000 any time during the year must file a Form 114, Report of Foreign Bank and Financial Accounts (FBAR) electronically through FinCEN’s BSA E-Filing System.
The FBAR is not filed with a federal tax return and must be filed by June 30 each year.
The reporting requirements of the Form 8938 and FBAR differ.
More details on who most file and the specific type of assets that must be reported for both forms can be found on the IRS.gov.
Failure to report the existence of offshore accounts or pay taxes on these accounts can lead to civil and criminal penalties.
For the Form 8938, the penalty may be up to $10,000 for failure to disclose and an additional $10,000 for each 30 days of non-filing after IRS notice of a failure to disclose, for a potential maximum penalty of $60,000; criminal penalties may also apply.
For the FBAR, the penalty may be up to $10,000, if the failure to file is non-willful; if willful, however, the penalty is up to the greater of $100,000 or 50 percent of account balances; criminal penalties may also apply.
Taxpayers with undisclosed accounts should consider options available under the expanded streamlined filing process or the Offshore Voluntary Disclosure program.
by Jim Magary | May 19, 2015 | Tax Help
How to Get a Copy of Your Prior Year Tax Information
There are many reasons you may need a copy of your tax return information from a prior year. You may need it when applying for a student loan, home mortgage or for a VISA.
If you don’t have your copy, the IRS can help.
It’s easy to get a free transcript from the IRS. Here are several ways for you to get what you need:
• Tax Return Transcript.
A return transcript shows most line items from your tax return just as you filed it. It also includes forms and schedules you filed. However, it does not reflect changes made to the return after you filed it. In most cases, your tax return transcript will have all the information a lender or other agency needs.
• Tax Account Transcript.
This transcript shows any adjustments made by you or the IRS after you filed your return. It shows basic data, like marital status, type of return, adjusted gross income and taxable income.
How to Get a Transcript.
You can request transcripts online, by phone or by mail. Both types of transcripts are free of charge. They are available for the most current tax year after the IRS has processed the return. You can also get them for the past three tax years.
Order online. Use the ‘Get Transcript’ tool available on IRS.gov. You can use this tool to confirm your identity and to immediately view and print copies of your transcript in a single session for free. The tool is available for five types of tax records: tax account transcript, tax return transcript, record of account, wage and income and verification of non-filing.
Order by phone. Call 800-908-9946. A recorded message will guide you through the process.
Order by mail. The easy way to order your transcript by mail is to use the “Get Transcript by Mail” online option on IRS.gov. On the other hand, you can complete and mail Form 4506T-EZ to get your tax return transcript. Use Form 4506-T to request your tax account transcript by mail.
• How to Get a Tax Return Copy. Actual copies of your tax returns are generally available for the current tax year and as far back as six years.
The fee per copy is $50.
Complete and mail Form 4506 to request a copy of your tax return. Mail your request to the IRS office listed on the form for your area.
Delivery times for online and phone orders typically take 5 to 10 days from the time the IRS receives the request.
You should allow 30 days to receive a transcript ordered by mail and 75 days for copies of your tax return.
You can print tax forms online at IRS.gov/forms. To get forms in the mail go to IRS.gov/order forms to place an order.
by Jim Magary | May 19, 2015 | Tax Help
We specialize in IRS tax debt. FST can stop the IRS NOW!
Stop the Worry! 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 tax firm.
With over 60 years of working directly for the Internal Revenue Service we know the system!
Our former IRS agents have worked as supervisors, managers and tax instructors also others on staff have written part of the internal revenue manual.
Let our 60 years of direct IRS work experience work for your advantage.
If you need to resolve your tax debt call us today and speak directly to a true IRS tax expert.When you call our office we will offer you a few different options with you to go ahead and fully resolve your tax situation.
If you owe back taxes, we can provide you a series of options that will stop or settle your tax debt with the Internal Revenue Service.
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.
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.
Resolve IRS Tax Debt, STOP IRS, IRS Audit Defense, File Back Tax Returns, Reduce Tax – Offer Compromise + Gilbert, Tempe, Peoria, Prescott, Sun City
