by Jim Magary | Apr 10, 2015 | Tax Help
We are composed of Affordable IRS tax lawyers, IRS tax attorneys, certified public accountants, enrolled agents, and former IRS agents that have been resolving IRS problem since 1982.
Our firm has over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We know the system and processes due to the years of experience working in the local, regional, and district offices of the IRS. We know their systems!
Our former IRS agents & managers have worked in the local, district, and regional teaching offices of the IRS. We taught tax law while employed at the Internal Revenue Service.
We are tax experts for releases and removal IRS tax levies, tax audit defense and IRS tax settlement experts, and for those wishing to make payment agreements with the Internal Revenue Service.
You will owe any money to the Internal Revenue Service as a result of IRS back taxes and you wish to settle your tax debt we could review the current offer in compromise program with you.
Over 78,000 offers in compromise were filed last year and 40% of those offers were accepted for an average of $6500 per offer acceptance.
IRS has a brand-new fresh start initiative that can help you settle your case for pennies on the dollar if you are a qualified candidate for the tax debt settlement program. we do not file thought offer in compromise unless you’re a qualified and certified taxpayer candidate.
You will find us an affordable choice to resolve your IRS matter.
We know every option that is available for tax settlements and immediate releases of IRS levies.
If you need to speak to an attorney directly because of attorney-client privilege please let us know immediately when contacting our firm. We will let you speak directly to an IRS tax attorney or IRS tax lawyer.
IRS Tax Levy, Bank Levy, Wage Garnishment Tax Relief
An IRS tax Levy usually comes in two forms. 668A and 688-W.
An IRS bank levy or an IRS wage garnishment levy.
Both are different.
An IRS Bank Levy puts a freeze on your money for 21 days where as IRS wage garnishment levy is an immediate seizure of your paycheck.
You can you use your bank account during that 21 day period.
The day the levy was received by the bank are the only funds that are frozen.
The Internal Revenue Service gives you a 21 day period of time to get your money back and allows the bank to keep the funds until the 21st day. On the 22nd day the bank must send the money to the Internal Revenue Service.
When the Internal Revenue Service garnishes wages it takes approximately 85% of the wages.
Keep in mind the Internal Revenue Service does not want to seize money that belonging to taxpayers it only does so to get the attention of taxpayers to close their case off the IRS enforcement computer.
Within 24 hours of receiving your current financial statement, and as a general rule we can get your tax levy released and your case settled with the Internal Revenue Service. is important to know that all your documents must be in order.
If you are undergoing an IRS tax audit you can have a former IRS audit manager provide your best possible tax defense and represent your best interest during an IRS tax audit. one of the keys of IRS audit representation is to limit the tax audit.
If you are wishing for an IRS tax settlement it is called an offer in compromise, we will be happy to walk you through the IRS prequalifier tool to see if you’re a suitable candidate before filing any offer in compromise.
We’ll qualify all taxpayers before we file and ask for an IRS tax settlement. About 38% of all taxpayers who apply for a tax debt settlement relief can get it through the offer in compromise.
Those wishing to make payments to the Internal Revenue Service to resolve their debt, we will walk you through the financial statement to make an affordable payment that you can live with.
Many times IRS will stretch the boundaries of payments asking taxpayers to pay much more than they can live with and taxpayers settle because they don’t understand the system.
Keep in mind that all solutions and resolutions with the Internal Revenue Service are result of careful review and analysis of your current financial statement by the Internal Revenue Service.
Therefore it is very important to make sure a true tax professional reviews your current financial statement and responds to IRS with your information.
Call us today for a free initial tax consultation and speak to a true IRS tax expert who can resolve your case.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Please keep in mind we are a full service tax firm that specializes in the filing of back tax returns.
IRS = Affordable Tax Attorneys, Tax Lawyers, Owe Back Taxes, Settle Tax Debt, File Back Tax Returns, Levy, Audits, Representation
by Jim Magary | Apr 10, 2015 | Tax Help
We are Affordable IRS Tax Experts. We have been in practice since 1982, Former IRS. We can fully resolve an IRS tax problem.
There are different ways to resolve your IRS issue. We know the system because of our 60 years of working directly for IRS.
If you owe Internal Revenue Service call us today and find out if your case is eligible hardship or payment plan program.
If you need to have a IRS tax levy a wage garnishment released or moved we can immediately and permanently get your levy released.
When you call our office you will speak directly to former IRS agents, managers and tax instructors that have over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
We can review with you the best possible way to make an IRS payment plan, how to remove an IRS tax levy and to represent you during an IRS tax audit.
For those of you who need to file tax returns whether current or back years, call us today and we will walk you through the process of our learning experiences that total 206 years.
Installment Agreements or Payment Agreements
Last year the Internal Revenue Service granted close to 6 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers. So you are not alone millions of taxpayers need payment agreements to pay off IRS
Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.
We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.
The way you can settle your tax debt for pennies on the dollar is through the offer in compromise program. The offer in compromise program is not for everyone.
There is very specific criteria to qualify.
When you call our office you will speak directly to a former IRS agent who both worked and taught the program for IRS.
Remove an IRS tax levy.
If you wish to remove an IRS tax levy will need to give IRS a current financial statement on form 433F.
IRS will require that financial statement to be completely documented and verified.
Within 24 hours of receiving your current financial statement as a general rule we can get your bank or wage levy garnishment released.
Need to file back tax returns
You could have a former IRS agent who knows the system prepare your back tax returns with little or few records. We can help audit proof your tax return.
We are the fast, friendly and affordable professional tax firm.
IRS Taxes – Payment Plans, Remove Tax Levy, Audit Representation, File Tax Returns + Affordable Local Experts,Oxnard, Fontana, Moreno, Glendale, Huntington
by Jim Magary | Apr 8, 2015 | Tax Help
Over 60 years with the IRS in the local, district and regional tax office of IRS. We know the System, let our knowledge work for you!
Stop the worry right now. Former IRS Agents and Managers.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
If you owe back taxes to the Internal Revenue Service and are looking for IRS tax relief of federal, individual, business or payroll taxes, contact us today for a free initial tax consultation and hear the truth about tax settlements and back tax debt.
We are the affordable solution if you owe back IRS tax debt on individual, business or payroll taxes.
We have a systematic way to work all our cases to get the very best possible IRS tax relief for all our individual, business and corporate clients.
In dealing with the IRS on back taxes it is important to know for any individual, business or payroll tax case that you be current in the tax year you are in. That is, IRS will want you current in your withholding, estimate or current payroll tax deposits.
IRS does not like working with people who not who cannot keep up to date on their quarterly deposits. As a former IRS agent if taxpayers could not keep current they had little hope is fully resolving their tax debt.
We will lay out a complete working system for you to cooperate with Internal Revenue Service to ensure that you will get to deal you are looking for with the IRS.
IRS is going to want to make sure that you can rehabilitate yourself and the key way they do that is making sure you are current in your filing and paying of taxes.
Another words, you want to have made a current estimated tax payment or federal tax deposits.
Please feel free to call us today for a free initial tax consultation.
Please be advised in any time you owe IRS back tax debt you will be required to fill out our current financial statement.
That financial statement will need to be completely verified and documented to support the numbers on it. IRS will want to verify your financial statement via bank statements, copy of monthly expenses and a copy of pay stubs to verify income.
It helps to have a tax professional fill your financial statement out to show you in the very best light to the Internal Revenue Service.
When you hire a professional tax firm you will never speak to IRS. Will handle all professional communication from start to finish.
All work is done in-house by a truly seasoned and professional tax staff. Call us today for free initial tax consult.
We are one of the nations leading tax firms for resolving those who owe back taxes to the IRS or state tax governments.
Owe Back Taxes, IRS Tax Debt Relief = Federal, Individual, Business, Payroll Taxes, Former IRS + Oxnard, Fontana, Moreno, Glendale, Huntington
by Jim Magary | Apr 8, 2015 | Tax Help
Get Your Money Back From the IRS and settle your case at the same time, Former IRS Agents, we know the system!
As Former IRS Agents and Managers we know the system inside and out. Over 60 years of direct IRS work experience.
We are the affordable tax firm that specialize in IRS tax relief and IRS tax problems, since 1982. We have over 206 years of professional tax experience.
As former IRS agents, managers and teaching instructors, we know the exact process to get your money back from the Internal Revenue Service as a result of an IRS tax Levy, bank tax levy, wage tax garnishment levy and settle your case at the same time.
We understand the system because we worked the system for over 60 years and were teaching instructors at IRS that taught others their jobs at the IRS. we know every available tax solution that is available to taxpayers, businesses and corporations.
We worked in the local, district, and regional tax offices of the Internal Revenue Service.
There is a very specific system that IRS uses to remove an IRS bank levy tax levy or wage garnishment levy.
The Process to get your Tax Levy Removed by the IRS
As former IRS agents we filed hundreds of tax levies , both wage and bank levies so we understand the process and have a streamlined process to get an IRS tax Levy, Bank Levy wage garnishment levy released.
Before IRS releases a tax levy, bank tax levy or wage garnishment they will want a current financial statement to make a determination of how to close your case off the IRS enforcement computer.
That financial statement will be on IRS form 433F that you can find directly on our website.
This financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will not release a tax levy or wage garnishment levy until they see a fully verified financial statement, there is no way out of this. The exception to the rule is if you want to streamline payment agreement and you meet the criteria for such.
IRS will do a close analysis of your statement with that of the national, and localized standards. You can find the acceptable standards on our website.
IRS will then release your IRS tax Levy, bank levy or wage garnishment and close your case generally with a payment agreement or by placing you in hardship.
Your levy can usually be released within 24 hours of IRS receiving your financial info.
If you owe tax to the IRS and need to settle your tax debt contact us today and we can get your IRS tax Levy, bank levy or wage garnishment released and your case settle all at the same time.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
If you need to file back tax returns we can do so as well with little or no records.
When you call our firm he will speak to a true IRS tax expert.
We are A+ rated by the Better Business Bureau we have been in private practice since 1982.
STOP NOW * IRS Tax Levy, Bank, Wage Garnishment & Settle Tax Debt + Former IRS + Oxnard, Fontana, Moreno, Glendale, Huntington
by Jim Magary | Apr 8, 2015 | Tax Help
Small Business Health Care Tax Credit
Do you own or run a small business or tax-exempt group with fewer than 25 full-time employees?
If you do, you should know that the Small Business Health Care Tax Credit can help you provide insurance to your employees. You may be able to save on your taxes if you paid for at least half of their health insurance premiums.
Here are several things that you should know about this important credit:
• Maximum Credit.
For tax years beginning in 2014 and after, the maximum credit is 50 percent of premiums paid by small business employers. The limit is 35 percent of premiums paid by tax-exempt small employers, such as charities.
• Number of Employees.
You may qualify if you had fewer than 25 employees who work full-time, or a combination of full-time and part-time. For example, two half-time employees equal one full-time employee for purposes of the credit.
• Qualified Health Plan.
You must have paid premiums for your employees enrolled in a qualified health plan offered through a Small Business Health Options Program, or SHOP, Marketplace. There are limited exceptions to this requirement.
• Average Annual Wages.
To qualify for the credit, the average annual wages of your full-time equivalent employees must have been less than $51,000 in 2014. The IRS will adjust this amount for inflation each year.
• Half the Premiums.
You must have paid a uniform percentage of the cost of premiums for all employees. The amount you paid must be equal to at least 50 percent of the premium cost of the insurance coverage for each employee.
• Two Year Limit.
An eligible employer may claim the credit for any two-consecutive taxable years, beginning in or after 2014. This credit can be claimed for two consecutive years, even if you claimed the credit at any point from 2010 through 2013.
• Tax Forms to Use.
All employers use the Form 8941, Credit for Small Employer Health Insurance Premiums, to calculate the credit. For-profit businesses claim the credit on Form 3800, General Business Credit. Tax-exempt organizations claim it on Form 990-T, Exempt Organization Business Income Tax Return.
If you are a for-profit business and the credit is more than your tax liability for the year, you can carry the unused credit back or forward to other tax years.
If you are a tax-exempt employer, you may be eligible to receive the credit as a refund.
This applies so long as it does not exceed your income tax withholding and Medicare tax liability for the year.
Owe Back Taxes, call us today!
by Jim Magary | Apr 8, 2015 | Tax Help
Tax Help for the Military
The Volunteer Income Tax Assistance program has help sites both on and off base.
This includes VITA sites to help our military overseas.
Free tax help for the military:
1. Armed Forces Tax Council.
The Armed Forces Tax Council oversees the military tax programs offered worldwide. AFTC partners with the IRS to do outreach to the military.
This includes the Air Force, Army, Coast Guard, Marine Corps and Navy.
2. Trained volunteers.
IRS-trained volunteers staff the military VITA sites. They receive training on military tax issues, like tax benefits for service in a combat zone.
The staff can help you with special extensions of time to file your tax return and to pay your taxes or with special rules that apply to the Earned Income Tax Credit.
You can also get help with the new health care law tax provisions.
3. What to bring.
Take the following records with you to your military VITA site when you go to file your tax return:
Valid photo identification.
Social Security numbers for you, your spouse and dependents.
Birth dates for you, your spouse and dependents.
Your wage and earning forms, such as Forms W-2, W-2G, and 1099-R.
Interest and dividend statements (Forms 1099).
Health Insurance Marketplace Statement (Forms 1095-A).
Exemption Certificate Number for exemptions that you obtained through the Marketplace.
A copy of your last year’s federal and state tax returns, if available.
Routing and account numbers for direct deposit of your tax refund.
Total amount you paid for day care and the day care provider’s identifying number. This is usually an Employer Identification Number or Social Security number.
Other relevant information about your income and expenses.
Although nothing in the IRS rules or regulations require you to provide proof of health coverage at the time you file, if you have documents that verify your coverage, you should show them to your tax preparer.
The IRS will follow its normal compliance approach to filed tax returns, and may ask you to substantiate the information on your tax return. You should keep these documents with your tax records.
Learn more about the types of records you should keep at our Gathering Your Health Coverage Documentation page.
4. Joint returns.
If you are married filing a joint return, generally both you and your spouse need to sign. If you both can’t be present to sign the return, you should bring a valid power of attorney form. Use Form 2848, Power of Attorney and Declaration of Representative.
There is a special exception to this rule if your spouse is in a combat zone. The exception allows you to file a joint return with a signed statement explaining that your spouse is in a combat zone and unable to sign.
5. IRS Free File.
Do your own taxes with IRS Free File. You can use free, brand-name software or online fillable forms. If your income was $60,000 or less, you qualify for Free File software.
If you made more than $60,000, you can use Free File Fillable Forms.
Learn more at IRS.gov/free file.
