by Jim Magary | Apr 3, 2015 | Tax Help
We’re an affordable professional tax firm that specializes in permanent & immediate IRS & State tax relief.
We have been in private practice since 1982 in our A+ rated by the Better Business Bureau.
We are composed of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents, managers and tax instructors.
We have over 206 years of professional tax experience and are A+ rated by the Better Business Bureau. We can permanently resolve your IRS tax problem if you owe back taxes or have other issues with the federal or state government.
We are true affordable experts.
Our former IRS agents have worked in almost every aspect of the Internal Revenue Service.
We also taught tax law and new IRS agents their job. We know the systems in the formulas to find quick and immediate solutions to your IRS tax problems.
Also on staff are tax attorneys, certified public accountants, enrolled agents and a host of other tax professionals who help individuals, businesses, and corporations deal with back tax issues and back tax problems.
The Internal Revenue Service levies and garnishes approximately 1.8 taxpayers each and every year because they have not responded to IRS final notices.
If this has happened to you, call us today and after receiving a fully documented financial statement we can call IRS and get your tax levy your wage garnishment released.
We can work out a settlement all at the same time.
If you need to file back taxes and have little or no records we can prepare your back tax returns.
It is critical you file all your tax returns because if you do not the IRS under 6020b of the the IRC can prepare all back tax returns and assess the highest amount allowed by law.
If you owe back taxes and wish to settle your case with the Internal Revenue Service we can find out if you are an eligible candidate for an offer in compromise.
On staff is a former IRS agent/revenue officer who used to work the offer in compromise program as a revenue officer.
We will walk through the pre-qualifier tool with you to find out what the lowest amount that you can settle for by law.
If you are going through a tax hardship it is possible we can get IRS to currently suspend your case for 2 to 3 years.
If you are going through an IRS tax audit it only makes sense to hire former IRS agent auditors who know the best possible tax defenses.
Call us today for a free initial tax consultation and speak to true IRS tax experts.
No matter how big or small the problem feel free to call us and hear the truth about your individual situation.
We’re one of the most experienced professional tax firm in dealing with taxpayers and businesses who owe back taxes.
Since 1982, A+ rated by the Better Business Bureau.
IRS Taxes = Owe Back Taxes Help – IRS & State = Tax Levy, Tax Settlement, Tax Audit = Santa Barbara, San Jose, Daly City, Antioch
by Jim Magary | Apr 3, 2015 | Tax Help
Deducting Charitable Contributions
You may be able to claim the gift as a deduction that may lower your tax.
Fresh Start Tax LLC tax tips you should know about deducting your gifts to charity:
1. Qualified Charities.
You must donate to a qualified charity if you want to deduct the gift. You can’t deduct gifts to individuals, political organizations or candidates. To check the status of a charity, use the IRS Select Check tool.
2. Itemized Deduction.
To deduct your contributions, you must file Form 1040 and itemize deductions. File Schedule A, Itemized Deductions, with your federal tax return.
3. Benefit in Return.
If you get something in return for your donation, your deduction is limited. You can only deduct the amount of your gift that is more than the value of what you got in return. Examples of benefits include merchandise, meals, tickets to an event or other goods and services.
4. Donated Property.
If you gave property instead of cash, the deduction is usually that item’s fair market value. Fair market value is generally the price you would get if you sold the property on the open market.
5. Clothing and Household Items.
Used clothing and household items must be in at least good condition to be deductible in most cases. Special rules apply to cars, boats and other types of property donations. See Publication 526, Charitable Contributions, for more on these rules.
6. Form 8283.
You must file Form 8283, Non-cash Charitable Contributions, if your deduction for all non-cash gifts is more than $500 for the year.
7. Records to Keep.
You must keep records to prove the amount of the contributions you made during the year. The kind of records you must keep depends on the amount and type of your donation.
For example, you must have a written record of any cash you donate, regardless of the amount, in order to claim a deduction. For more about what records to keep refer to Publication 526.
8. Donations of $250 or More.
To claim a deduction for donated cash or goods of $250 or more, you must have a written statement from the charity. It must show the amount of the donation and a description of any property given.
It must also say whether the organization provided any goods or services in exchange for the gift.
by Jim Magary | Apr 3, 2015 | Tax Help
We are a full service tax firm that specialized in IRS tax problems. We are the affordable professional choice that have been in practice since 1982.
We have over 60 years of direct IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. We know the system Inside and out.
If you need to file back tax returns or owe the IRS a tax debt, we can go ahead and work out an effective tax settlement for you. Taxpayers who owe back taxes generally can settle their case by IRS after reviewing your current financial statement putting them into a current hardship, ask for a monthly payment agreement or will consider the filing of an offer in compromise.
Do you have un -filed or not file tax returns?
Many people do not file back tax returns because they lost their records.It is important to remember IRS just want you back in the system so don’t let fear or panic set in.
If this is your case, we can go ahead and pull IRS tax transcripts and secure enough information to file back tax returns.
Do not let not having records keep you from filing your back tax returns.
I caution those taxpayers who do not file to be very careful because IRS can file your tax return under 6020 B and you will pay the most amount allowed by law.
If you wish to settle your tax debt with Internal Revenue Service they will require a current documented financial statement on their forms.
We will give you a free evaluation or analysis on the best way to settle your case for the lowest possible dollar amount if you are a suitable candidate for an offer in compromise.
Call us today and speak directly to a former IRS agents who knows the system of filing back tax returns and settling your IRS tax debt. We are comprised of tax attorneys CPAs enrolled agents and former agents.
We are the fast friendly and affordable professional tax firm, since 1982 A+ rated by the Better Business Bureau.
Los Angeles = Not Filed Back Tax Returns, Owe Tax IRS, Offer in Compromise Settlements, Former IRS + Los Angeles
by Jim Magary | Apr 2, 2015 | Tax Help
We are an AFFORDABLE full service IRS Expert tax firm that specializes IRS tax levy & wage garnishment help and immediate tax settlement relief.
We are composed of tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents managers and tax instructors.
Our former IRS agents were not only managers, supervisors and teaching instructors some also wrote the Internal Revenue Service IRM section 5 of the collection division manual.
Due to our 60 years of working directly for the Internal Revenue Service we know the system inside and out.
We know the system it can help you get your money back from the Internal Revenue Service if you have received an IRS tax levy, or wage garnishment levy.
Not only can we get your IRS bank levy tax levy or wage garnishment released we can closure case at the same time.
Believe it or not, The Internal Revenue Service sends out close to 1.9 million IRS tax and wage garnishment levies each and every year. You are not alone!
There is a very specific system to get your IRS tax levy or IRS wage garnishment levy released / removed and we know the system because of our 60 years of direct IRS work experience.
A current financial statement.
The Internal Revenue Service will need a current financial statement fully documented before they will release a tax levy.
After the Internal Revenue Service reviews your financial statement they will usually close your case in one of two ways.
The Internal Revenue Service may determine that you are currently uncollectible and then write off your case for two or three years or the IRS may insist on a monthly payment agreement. The IRS monthly payment will be determined by your current financial statement and your relationship to your current living expenses and income based on the IRS national standards.
There are many taxpayers eligible for an offer in compromise to settle your tax debt.
38,000 taxpayer settled their tax debt with the Internal Revenue Service for an average of $.14 on the dollar. When reviewing your case we will find out if you are eligible to settle your tax debt. The average settlement is $6500 per the latest statistics by the Department of treasury.
Call us today to review your case and we will immediately get your IRS tax levy or wage levy garnishment released and find out if you are an eligible candidate for the offer compromise program offered by the Internal Revenue Service.
Call us today for a free initial tax consultation.
Expert IRS Tax Levy, Wage Garnishment Levy Removal & Settlement NOW, Former IRS, Affordable + Santa Barbara, San Jose, Daly City, Antioch
by Jim Magary | Apr 2, 2015 | Tax Help
We are an Affordable team of former IRS agents and managers who have over 60 years working for the IRS. We know the system to resolve any IRS tax problem!
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.
The Internal Revenue Service is the largest collection agency in the world and has tools that can make your life miserable. with a simple letter the Internal Revenue Service can reach in your bank account, your paycheck and ruin your credit with the filing of a federal tax lien.
We’ve been in practice since 1982 and we have over 206 years of professional combined experience. We know the system and the ins and outs of Internal Revenue Service.
We are A+ rated by the Better Business Bureau.
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 the Internal Revenue Service we handle all the communication.
The IRS Tax Billing Notices
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 Notice on Social Security
If you have received an IRS tax levy, bank 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.
If you have received a federal tax lien we can go over the various options to go ahead and get your tax lien released.
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.
Since 1982, A+ rated and over 206 years of professional expect tax experience.
Quick tax facts.
IRS accepts 43% of all offers in compromise, IRS files over 900,000 federal tax liens every year. The average debt settlement is $.14 on the dollar, over 6 million taxpayers asked for payment agreements on a yearly basis.
IRS Taxes Relief = Final Notices = Levy, Paycheck Garnishment, Seizure, Tax Lien, Payment Plans, Offer in Compromise ,Santa Barbara, San Jose, Daly City, Antioch
by Jim Magary | Apr 2, 2015 | Tax Help
FST is an affordable professional tax firm who can get your tax levy bank levy or wage garnishment levy released a removed within 24 hours & settle your back taxes.
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, within 24 hours.
You will need to comply with all the request of Internal Revenue Service to support the current financial statement.
We can not only get your IRS tax levy released and removed we can settle your case all at the same time.
We understand the tax levy 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 are true IRS tax experts.
FST knows and understands the fastest and the most affordable way to go ahead and get a removal or release of an IRS tax or wage garnishment levy and settle your case to stop the IRS . Do not be bullied by the IRS, we can stop them right now because of our system knowledge.
As a general rule there are two types of tax levies.
A IRS bank levy in different from a IRS wage garnishment levy even know both seize money. The seizure rules are a little different.
With an IRS bank levy the bank will hold your money for 21 days until it sends it to IRS, basically your account was frozen.
Within IRS wage garnishment levy a good majority of your next paycheck is on its way to Uncle Sam.
The Process and system to get your Tax Levy, Wage Garnishment Released and Removed
We taught this process at the IRS as former IRS agents and managers. With over 60 years with the Internal Revenue Service we know the exact process to get your levy be removed quickly and affordably.
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. The tax form they will want is tax form 433 f. This is their version of the only financial statement that they will accept.
You will find that form on our website under IRS forms.
Their financial statement will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
Everything needs to be in the package before the IRS will release the IRS tax Levy.
IRS will conduct a full review on the financial statement that’s why it is critically important that you have professional tax representation.
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.
IRS will do this usually within 24 hours of receiving your financial info. Taxpayers should have the fax number of the person holding the funds so IRS can send the levy release directly from their computers.
Your financial statement determines how your case will be closed by the Internal Revenue Service. It is important a tax professional negotiates this process.
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.
Since 1982 we have been true tax experts. We are a full service tax firm.
Remove IRS Tax Levy, Bank Levy, Wage Garnishment Levy, Settle Tax Debt/ Back Taxes = Fast, Affordable = Former IRS Santa Barbara, San Jose, Daly City, Antioch
