by Jim Magary | Apr 6, 2015 | Tax Help
We are an AFFORDABLE full-service tax firm specialize in any IRS tax matter or tax problem. We can remove your tax levy!
We have over 206 years of professional tax experience and our A+ rated by the Better Business Bureau.
Within 24 hours we can get your IRS tax Levy, Bank Levy wage garnishment levy released.
If you have received an IRS tax levy, wage garnishment levy or bank levy, within 24 hours of getting your current financial statement, and as a general rule, we can remove your wage or bank Levy and settle your case. Due to our streamlined processes and years of experience at Internal Revenue Service we know the exact process to make this happen.
We will need a current and verifiable financial stated statement.
Also, IRS will want all tax returns filed. If you have back tax returns that need to be filed we can do that as well. Our former IRS agents can restructure tax returns with or without records.
If you want to settle your back taxes we can go over the offer in compromise program.
Over 38% of all offers in compromise that are filed with the Internal Revenue Service are accepted for approximate $.14 on the dollar. The average IRS settlement last year was $6500.
We will not file an offer in compromise in less you are a qualified candidate to do so.
If you need an IRS payment plan, we can go over the different payment plans options and get you into an affordable payment to become current with the Internal Revenue Service.
Call us for a free initial tax consultation and speak to an A+ rated company by the Better Business Bureau and one that has over 206 years of professional tax experience.
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by Jim Magary | Apr 6, 2015 | Tax Help
Easy E-Pay People Who Owe Tax
It’s easier than ever to pay their taxes electronically, and for those who can’t pay on time, quick and easy solutions are available.
Taxpayers who owe taxes can now choose among several quick and easy e-pay options, including the newest and easiest, IRS Direct Pay.
Available options include:
Direct Pay.
Available at IRS.gov/directpay, this free online tool allows individuals to securely pay their income tax directly from checking or savings accounts without any fees or pre-registration.
No need to write a check, buy a stamp or find a mailbox.
Payments can even be scheduled up to 30 days in advance, and the tool is available round the clock. Any taxpayer who uses the tool receives instant confirmation that their payment was submitted.
Electronic Federal Tax Payment System.
This free service gives taxpayers a safe and convenient way to pay individual and business taxes by phone or online. To enroll or for more information, call 800-316-6541 or visit www.eftps.gov.
Electronic funds withdrawal.
E-file and e-pay in a single step.
Credit or debit card. Both paper and electronic filers can pay their taxes by phone or online through any of several authorized credit and debit card processors. Though the IRS does not charge a fee for this service, the card processors do.
Taxpayers who choose to pay by check or money order should make the payment out to the “United States Treasury.” Also, print on the front of the check or money order: “2014 Form 1040”; name; address; daytime phone number; and Social Security number.
To help insure that the payment is credited promptly, also enclose a Form 1040-V payment voucher.
The IRS advises taxpayers to file either a regular income tax return or a request for a tax-filing extension by this year’s April 15 deadline to avoid stiff late-filing penalties.
Taxpayers who owe, but can’t pay the balance in full, do have options. Some taxpayers may qualify for payment plans and other relief.
Contact us if you need to get a payment agreement or possibly submit an offer in compromise to settle your IRS tax debt.
by Jim Magary | Apr 6, 2015 | Tax Help
Required Retirement Plan Distributions
Taxpayers who turned 70½ during 2014 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Wednesday, April 1, 2015.
The April 1 deadline applies to owners of traditional IRAs but not Roth IRAs. Normally, it also applies to participants in various workplace retirement plans, including 401(k), 403(b) and 457 plans.
The April 1 deadline only applies to the required distribution for the first year. For all subsequent years, the RMD must be made by Dec. 31.
So, a taxpayer who turned 70½ in 2014 and receives the first required payment on April 1, 2015, for example, must still receive the second RMD by Dec. 31, 2015.
Taxpayers who turned 70½ during 2014 must figure the RMD for the first year using the life expectancy as of their birthday in 2014 and their account balance on Dec. 31, 2013.
A trustee reports the year-end account value to the IRA owner on Form 5498 in Box 5. Worksheets and life expectancy tables for making this computation can be found in the Appendices to Publication 590-B.
Most taxpayers use Table III (Uniform Lifetime) to figure their RMD. For a taxpayer who reached age 70½ in 2014 and turned 71 before the end of the year, for example, the first required distribution would be based on a distribution period of 26.5 years. A separate table, Table II, applies to a taxpayer married to a spouse who is more than 10 years younger and is the taxpayer’s only beneficiary.
Though the April 1 deadline is mandatory for all owners of traditional IRAs and most participants in workplace retirement plans, some people with workplace plans can wait longer to receive their RMD.
Usually, employees who are still working can, if their plan allows, wait until April 1 of the year after they retire to start receiving these distributions. See Tax on Excess Accumulation in Publication 575. Employees of public schools and certain tax-exempt organizations with 403(b) plan accruals before 1987 should check with their employer, plan administrator or provider to see how to treat these accruals.
The IRS encourages taxpayers to begin planning now for any distributions required during 2015.
An IRA trustee must either report the amount of the RMD to the IRA owner or offer to calculate it for the owner.
Often, the trustee shows the RMD amount in Box 12b on Form 5498. For a 2015 RMD, this amount would be on the 2014 Form 5498 that is normally issued in January 2015.
by Jim Magary | Apr 6, 2015 | Tax Help
We are an AFFORDABLE professional Christian tax firm, faith-based with our principles practicing tax resolution relief since 1982. We are A+ rated by the Better Business Bureau.
Proverbs 24:6 ESV = Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Proverbs 19:20 ESV = For by wise guidance you can wage your war, and in abundance of counselors there is victory.
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.
We are specialist for IRS tax debt relief, tax levies, wage garnishment levies and those who have not filed back tax returns. I am a former IRS offer in compromise specialist for those who wish to settle their tax debt.
We are a biblical-based tax firm practicing since 1982, A+ rated by the Better Business Bureau.
If you are dealing with any sort of IRS or state tax problem and desire to have a professional tax relief company defend and resolve your problem contact our firm today.
We are composed of Christian tax attorneys, Christian CPAs, and former IRS agents.<><
Within 24 hours of receiving current financial statement we can get a tax levy released, file back tax returns with little or no records and talk to you about settling your tax debt to the offer in compromise program if you are a qualified candidate.
We are a full-service tax firm that specializes in tax preparation, accounting, tax consulting with an expertise in IRS and state tax matters.
We know the system well because not only were we former IRS agents were also teaching instructors
We can talk you about the settling of your tax debt to the offer in compromise program. I am a former IRS agent teaching instructor who both taught and worked the tax debt settlement program called the offer in compromise.
Last year 78,000 taxpayers file for an offer in compromise in over 43% of all those offer in compromise were accepted for an average of $6500.
You must be a qualified and suitable candidate for the tax debt settlement program. we qualify all our clients before submission of the offer in compromise.
We can handle anything from an IRS simple notice or letter, tax representation before the Internal Revenue Service and even if necessary representing you in tax appeals or going to tax court.
Contact us today for a free initial consultation and let our 60 years of direct work knowledge with the Internal Revenue Service and over 206 years professional tax experience be your best friend.
When dealing with our firm you’ll never speak to the Internal Revenue Service.
We are the fast, friendly and affordable professional Christian tax firm. All work is done in-house by true tax professionals.
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by Jim Magary | Apr 6, 2015 | Tax Help
Since 1982 we specialize in IRS and state tax relief. We are the affordable professional tax firm.
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.
We are one of the most experienced professional tax firms that are A+ rated by the Better Business Bureau.
On staff are IRS tax attorneys, IRS tax lawyers, certified public accountants, enrolled agents and former IRS agents, managers and former tax instructor.
You can call us today for a free tax consultation and speak directly to one of our true tax professionals. Let our years of experience work directly for you.
We can take the worry and stress out of your IRS or state tax situation.
At fresh start tax you can speak directly to the person that will be working your case. We are a true professional tax from and not in advertising or marketing company like most Internet and you see.
Beware:
You should know that most of the tax resolution companies you see on the Internet are lead generation companies that means they are selling your information to third parties. a recent study concluded that 90% of the advertisement space is done by marketers.
Your information is worth $50 – $100 and people bid on the right to represent you. You have no idea who is getting your information. People are actually bidding for the right to represent you.
With fresh start tax LLC, you are calling in true professional tax firm that understands and knows IRS tax debt relief.
Please understand that with any possible IRS tax settlement or owing back tax debt with the Internal Revenue Service, you will need to provide IRS with the current documented financial statement. IRS will usually require a documented 433F along with thanks statements, pay stubs and a copy of monthly expenses.
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.
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 the fast, friendly and affordable professional tax firm. You may speak directly to an IRS tax attorney IRS tax lawyer CPA or former IRS agent.
IRS Tax Attorney = Owe Back, IRS Payroll Taxes, individual, Federal, State Taxes Levy Relief = Affordable = Santa Barbara, San Jose, Daly City, Antioch
by Jim Magary | Apr 3, 2015 | Tax Help
We are the Affordable Professional Tax Firm for the immediate and permanent resolving your IRS Back Tax Debt Problems.
Call us today and speak to true IRS tax professionals if you owe back IRS taxes. You will speak to a true IRS tax professional and not a salesman.
You will hear the truth and you will hear a very specific plan of action on how to remedy your back IRS tax debt problem.
We can offer to you a hardship programs, payment plans and settling your tax debt via the offer in compromise. Being former IRS agents, we know all the systems within Internal Revenue Service. We were teaching instructors as well as supervisors and managers.
Our former IRS agents have over 60 years of direct work experience in the local, district, and regional tax offices of the IRS.
When Searching the Internet, Use Caution
In searching the Internet you will find many advertisers in the vertical of owing IRS back taxes.
A closer look at many of these Internet firms, you will find that many are no more than lead generations.
Check out there sites, there are no bio’s of professionals, because there are none.
Lead generation companies are advertisers who farm and sell your information to third parties who will pay the highest amount of money for your information.
As a result, you never know who’ll wind up with your personal information.
Fresh Start Tax LLC is a true IRS tax resolution firm specializing individuals, companies, corporations that owe back IRS taxes. A plus rated BBB.
Our firm is staffed with IRS tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS revenue officers.
Our former IRS staff has over 60 years of professional tax experience in the local, district, and regional tax offices of the Internal Revenue Service.
We have been in private practice since 1982 and are A+ rated by the Better Business Bureau.
There are variety of solutions available for taxpayers who will IRS back taxes.
If you are going to owe back taxes to the Internal Revenue Service, the IRS will require a current financial statement usually on form 433-F.
Once IRS sees that form documented and verified they will close your case off the enforcement computer.
How IRS will Generally close your Case,
There are two general ways in which IRS will close your case.
1. Through an economic tax hardship, which means you don’t have enough money to cover your current expenses within the necessary standards.
2. The other is that you can make a payment based on your current income and expenses.
A possibility – The third option is the possibility of an offer in compromise called a tax debt settlement.
Before the Internal Revenue Service will close any case they want a fully documented financial statement including bank statements, copies of pay stubs and monthly expenses. There are national regional and localized standards they used for their application in determining how their cases will be closed.
Offers in Compromise
I am a former IRS agent revenue officer and teaching instructor of the offer in compromise program.
I have worked hundreds and hundreds of offers in compromise both in private practice and is a former IRS agent. I know the system inside and out.
Over 42% of all those who apply qualify for the offer in compromise program.
Call us today for a free initial tax consultation and we will walk you through the process of resolving permanently, efficiently and affordably your IRS back tax debt problems.s.
Please keep in mind anytime you will back tax to the Internal Revenue Service it will be necessary you for you to have all your tax returns currently filed in on IRS’s system.
If you need to service call us today and we can have former IRS agents prepare your returns and help audit proof them.
IRS – Back Taxes Debt Problems + IRS Tax Debt Relief + Offer in Compromise + IRS Payment Plans = Affordable = Santa Barbara, San Jose, Daly City, Antioch
