by Jim Magary | Mar 25, 2015 | Tax Help
We are former AFFORDABLIRS agents and managers who can resolve your IRS tax problem. Since 1982, A+ rated by the BBB.
We are a team of tax attorneys, CPAs and former IRS agents who know the system inside and out.
Our former IRS agents have over 60 years of working directly for the Internal Revenue Service.
As a result of or 60 years of experience in the local district and regional offices of IRS understand all the procedures, settlement theories and understand the easiest and simplest way to close any case in dealing with any IRS issue.
We have been resolving IRS tax problems since 1982. All work is done in-house by true IRS tax professionals. We are used by other law firms in CPA firms to do their backend work. We are licensed by our state to teach our practice to other tax professionals that’s how good we are.
We are true Affordable tax experts.
We can go ahead and release a tax levy within 24 hours of receiving your fully documented financial statement, represent you during an IRS tax audit by using a former IRS audit manager who understands the exact way to close the case and offer you a tax debt settlement if you are a true candidate to settle your tax debt to the filing of an offer in compromise.
We will carefully analyze your case with an initial consultation and give you an exact understanding on how to deal with the situation.
We are we are the fast, friendly and affordable tax firm.
Some quick tax facts:
- the IRS, sends out close to 2 million tax levies each and every year,
- the IRS audits less than 1% of all taxpayers,
- the IRS accepts 38% of all offers in compromise files,
- the average settlement on an offer in compromise is $6500,
- IRS filed 1.9 million tax levies last year,
- over 16 million taxpayers do not file current tax returns.
Call us today for free initial tax consultation and speak directly to a true IRS tax expert.
IRS Taxes – Owe Back Tax Debt, Not File Back Tax Returns, Settle Tax, Offer in Compromise, Tax Levies = Affordable = Sacramento, Roseville, Santa Clara, Santa Rosa
by Jim Magary | Mar 25, 2015 | Tax Help
We are a full service tax firm that specializes in IRS problems and immediate and permanent tax relief. We are an affordable professional tax firm.
We are composed of IRS tax attorneys, IRS tax lawyers, certified public accountants, enrolled agents and former IRS agents.
Our former IRS agents worked and taught out of the local, district, and regional tax offices of the Internal Revenue Service. We worked as managers, supervisors and teaching instruction with the Internal Revenue Service.
We can represent you from a simple IRS notice or letter, going to IRS appeals and tax court if necessary. If you have sensitive material you can speak to a tax attorney or tax lawyer so the information can remain privileged.
Because of our 60 years of direct IRS work experience we know the system and how to get you to achieve the very best results.
We have worked thousands of cases in our lifetime.
We have been in private practice since 1982 and our A+ rated by the Better Business Bureau.
You cannot beat the experience of IRS tax attorneys and former IRS agents.
The IRS levies over 1.5 million taxpayers every year.
If you are in receipt of an IRS tax levy, as a general rule within 24 hours of receiving your current documented financial statement we can get your levy released and your case settle.
If you are undergoing an IRS tax audit, we can have a former IRS agent manager provide your very best tax defense to assure that you are paying the lowest amount allowed by law.
If you owe back tax debt, you can have a former IRS teaching agent who was a former revenue officer work your case to achieve maximum results.
Call us today for a free initial tax consultation.
Please be advised that all tax returns will have to be filed with the Internal Revenue Service before the IRS will close and settle of any case.
We are a full-service firm with all work being done in-house by true tax professionals.
We’ve been in private practice since 1982 and are A+ rated by the Better Business Bureau.
Affordable = IRS Tax Attorney, Tax Lawyer = Remove Tax Levy, IRS Audit Defense, Owe IRS Back Taxes, Offer in Compromise = Sacramento, Roseville, Santa Clara, Santa Rosa
by Jim Magary | Mar 25, 2015 | Tax Help
If you have an IRS problem it only makes sense to hire AFFORDABLE former IRS agents and managers who know the system. I am a former IRS agent in teaching instructor.
FST has over 60 years of direct IRS work experience in the local, district, and regional tax offices of the IRS. We have over 206 years of professional tax experience and are experts in IRS tax problem resolution.
We have worked as revenue agents, auditors, revenue officers, appeal agents, teaching instructors and have written part of the internal revenue service teaching manual.
We are a full service tax firm with all work being done in-house. We are used by other firms to do their IRS technical case problem management.
Filing Back Tax Returns
It is important you file your back tax returns if not the Internal Revenue Service can file your back tax return under 6020B of the IRC.
You do not want this to happen because you will owe the highest amount allowed by law.
The Internal Revenue Service will give you the standard deduction with absolutely no expenses and assess you the highest tax possible.
If you are going to owe tax is a result of the filing of your back tax returns we can offer you different solutions and options to help deal with the back tax you owe.
Do not let the non-filing of back tax return stop you from resolving your IRS tax debt.
Many times if you do not file your back tax returns the IRS will assess the tax, they will send out a tax levy or a tax lien to get the attention of taxpayers.
If you have an IRS problem call a firm that has been practicing since 1982 and are A+ rated by the Better Business Bureau.
We can affordably resolve any IRS tax problem and have helped hundreds and hundreds of taxpayers continue on with their financial lives without the burden of Internal Revenue Service.
Owe Money to the IRS
if you will money to the Internal Revenue Service and based on your current financial statement we can get your case placed in a tax hardship, make monthly payments or talk to about a tax debt settlement called an offer compromise.
If you are experiencing IRS tax levy or tax lien we can let you know the most expeditious and affordable way to relieve yourself of that problem.
Please call us for a free initial tax consultation today.
Not Filed Back Tax Returns, IRS Tax Settlements, IRS Levy, IRS Liens, IRS Problems = Affordable Resolved = Sacramento, Roseville, Santa Clara, Santa Rosa
by Jim Magary | Mar 25, 2015 | Tax Help
Owe back taxes to the Internal Revenue Service or the State of California, call us today to hear various AFFORDABLE tax solutions to end your tax problems. We are A+ rated by the Better Business Bureau.
We are a tax specialty firm that deals with IRS and state tax problems immediate tax relief.
We can help resolve any individual, business, or payroll tax problem that you have. We are a full service tax firm with all work being done in-house
IRS Case Resolutions
As a general rule once the Internal Revenue Service takes a current financial statement, a documented 433F, they will dispose of the case in one of three ways.
After a careful review of your current documented financial statement they will either place you into:
1. an uncollectible hardship status, or CNC
2. ask for a payment agreement or installment agreement,
3. advise you could possibly be a tax settlement candidate for the offer in compromise.
Call us today for a free initial tax consultation and we will review the various programs that both the federal and state governments have to resolve your tax debt. when you call our offices you will speak to a true IRS or state tax professional.
Beware of calling companies on the Internet.
Many of these so-called tax companies are no more than advertising businesses shopping for your business.
Make sure you see bios on the site to make sure you are calling a true tax firm.
Do not get ripped off by companies who are selling your information to third parties. Make sure you ask the qualifications of the personnel that will be working your case.
It is very important to note:
If you owe back federal or state tax debt the government agency will require you to be current within the year you are making the request.
Therefore you need to make current estimate payments, have your withholding up to date or be making current payroll tax deposits. the reason is simple, if you cannot make current tax deposits you cannot keep up with your tax debt.
I know this policy well because I am a former IRS revenue officer and teaching instructor.
The cardinal rule for IRS collections officers is simply this, if they can’t keep current they shouldn’t be in business.
Call us today and get a free initial tax consultation review of your case and we will go over with you the different solutions that you can live with.
If you owe individual taxes IRS will require a 433a if you will owe business taxes they will require a form 433B.
Last note of interest.
If you owe back IRS taxes make sure you have an exit strategy.
We can help develop your exit strategy when you call our office. We are very truthful in our dealings with every taxpayer and many times our exit strategy are things that businesses may have never thought about.
We worked thousands of cases since 1982 in are true IRS tax experts. please feel free to call us for a second opinion work you are having a problem with your current tax representative.
Owe Back Taxes IRS = Individual, Business, Payroll Tax Settlements + Payment Plans , Not filed Tax Returns Affordable Experts + Sacramento, Roseville, Santa Clara, Santa Rosa
by Jim Magary | Mar 25, 2015 | Tax Help
We can get your IRS tax levy released within a 24-hour period of time, we are the affordable professional tax firm.
If you are in receipt of an IRS tax levy, wage levy or bank levy garnishment contact us today and we can get your money back from the Internal Revenue Service. We know the system.
We are composed of tax attorneys, CPAs and former IRS agents and managers who know the system.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
Before IRS will release a tax levy a wage garnishment or bank seizure Internal Revenue Service will need a current documented financial statement. Form 433F.
With that current financial statement you will need to provide IRS the last three months of your bank statements, copies of your pay stubs and your monthly expenses.
As a general rule IRS will not release your levy until all your tax returns are filed. We can prepare all back, past-due and not file tax returns with little or no records.
After the review of your financial statement we can let you know whether you are a possible debt settlement candidate for the offer in compromise program.
Call us today and speak to a true IRS tax expert regarding the settling of your case by the Internal Revenue Service.
Affordable IRS Tax Levy Removals + Wage & Bank Garnishment, Not Filed Tax Returns, Settle NOW = Former IRS = Sacramento, Roseville, Santa Clara, Santa Rosa
by Jim Magary | Mar 25, 2015 | Tax Help
Tax Tips for Farmers
Farms include ranches, ranges and orchards. Some raise livestock, poultry or fish.
Others grow fruits or vegetables. Individuals report their farm income on Schedule F, Profit or Loss From Farming. If you own a farm, here are 10 tax tips to help at tax time:
1. Crop insurance.
Insurance payments from crop damage count as income. Generally, you should report these payments in the year you get them.
2. Sale of items purchased for resale.
If you sold livestock or items that you bought for resale, you must report the sale. Your profit or loss is the difference between your selling price and your basis in the item. Basis is usually the cost of the item. Your cost may also include other amounts you paid such as sales tax and freight.
3. Weather-related sales.
Bad weather such as a drought or flood may force you to sell more livestock than you normally would in a year. If so, you may be able to delay reporting a gain from the sale of the extra animals.
4. Farm expenses.
Farmers can deduct ordinary and necessary expenses they paid for their business. An ordinary expense is a common and accepted cost for that type of business. A necessary expense means a cost that is proper for that business.
5. Employee wages.
You can deduct reasonable wages you paid to your farm’s full and part-time workers. You must withhold Social Security, Medicare and income taxes from their wages.
6. Loan repayment.
You can only deduct the interest you paid on a loan if the loan is used for your farming business. You can’t deduct interest you paid on a loan that you used for personal expenses.
7. Net operating losses.
If your expenses are more than income for the year, you may have a net operating loss. You can carry that loss over to other years and deduct it. You may get a refund of part or all of the income tax you paid in prior years. You may also be able to lower your tax in future years.
8. Farm income averaging.
You may be able to average some or all of the current year’s farm income by spreading it out over the past three years. This may cut your taxes if your farm income is high in the current year and low in one or more of the past three years.
9. Tax credit or refund.
You may be able to claim a tax credit or refund of excise taxes you paid on fuel used on your farm for farming purposes.
10. Farmers Tax Guide.
For more details on this topic see Publication 225, Farmer’s Tax Guide. You can get it on IRS.gov/forms anytime. You can order it on IRS/order forms to have it mailed to you.
