by admin | Nov 18, 2014 | Tax Help
We are an affordable professional tax firm that specializes in the immediate and permanent releases of IRS bank in wage garnishment levies.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are a full service tax firm that specializes in immediate IRS tax relief.
We can not only get your IRS tax levy released and removed we can settle your case all at the same time.
If you have unfiled, back or past due tax returns that need to be filed we can do this all 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.
FST is full service tax firm that specializes in IRS tax Levy, Bank Levy, and wage garnishment tax levy relief.
The Fresh Start Tax LLC Process to get your Tax Levies Released and Removed permanently.
You should know right up front that you will never have to speak to the Internal Revenue Service. We handle all communication.
Another fact IRS levies over 2 million taxpayers each and every year and generally follows that up with the filing of a federal tax lien.
We can stop some of these processes.
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. law
As a general rule the IRS will take a fully documented 433-F.
That form will need to be fully documented including copies of bank statements, pay stubs, and proof of all monthly expenses.
IRS will do a close analysis of your statement with that of the national, and localized standards.
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.
If you have back, past due tax returns, we can file those as well and settle your case.
We’re A+ rated by the Better Business Bureau and have been in private practice since 1982.
Tax Debt Settlements
Many taxpayers who call us do not know they are eligible to settle the debt for pennies on the dollar.
Those are called offers in compromise by the internal revenue service.
When we review your case we will find out if you are eligible for the offer in compromise.
We walk you through the IRS pre-qualifier tool to pre-qualify you before filing the tax debt settlement.
You can find the pre-qualifier tool on our website.
Over 38% of all taxpayers who file for offer in compromise get their cases accepted by the IRS.
Call us today for a free initial tax consultation and speak to a true IRS tax expert.
IRS Tax Bank Levy, Wage Garnishment Levy * Fast Removals* Former IRS = Pittsfield, Northampton, Westfield, Fitchburg, Medford
by Fresh Start Tax | Nov 18, 2014 | Tax Help
Tips for Year-End Gifts to Charity
There are several tax rules that you should know about before you give.
Here are six tips from the IRS that you should keep in mind:
1. Qualified charities.
You can only deduct gifts you give to qualified charities. Use the IRS Select Check tool to see if the group you give to is qualified. Remember that you can deduct donations you give to churches, synagogues, temples, mosques and government agencies. This is true even if Select Check does not list them in its database.
2. Monetary donations.
Gifts of money include those made in cash or by check, electronic funds transfer, credit card and payroll deduction. You must have a bank record or a written statement from the charity to deduct any gift of money on your tax return.
This is true regardless of the amount of the gift. The statement must show the name of the charity and the date and amount of the contribution. Bank records include canceled checks, or bank, credit union and credit card statements.
If you give by payroll deductions, you should retain a pay stub, a Form W-2 wage statement or other document from your employer.
It must show the total amount withheld for charity, along with the pledge card showing the name of the charity.
3. Household goods.
Household items include furniture, furnishings, electronics, appliances and linens. If you donate clothing and household items to charity they generally must be in at least good used condition to claim a tax deduction.
If you claim a deduction of over $500 for an item it doesn’t have to meet this standard if you include a qualified appraisal of the item with your tax return.
4. Records required.
You must get an acknowledgment from a charity for each deductible donation (either money or property) of $250 or more. Additional rules apply to the statement for gifts of that amount.
This statement is in addition to the records required for deducting cash gifts. However, one statement with all of the required information may meet both requirements.
5. Year-end gifts.
You can deduct contributions in the year you make them. If you charge your gift to a credit card before the end of the year it will count for 2014.
This is true even if you don’t pay the credit card bill until 2015. Also, a check will count for 2014 as long as you mail it in 2014.
IRS Tips for Giving to Charities – Fresh Start Tax LLC
by Fresh Start Tax | Nov 17, 2014 | Tax Help
We area Affordable full service tax firm that offers professional tax help for IRS offshore accounts, Fbar, tax compliance and tax settlements for taxpayers with filing compliance issues.
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 internal revenue service.
We were former IRS tax instructors and know the system well.
We are comprised of tax attorneys, tax lawyers, CPAs and former IRS agents who know their job inside and out.
Call us today for a free initial tax consultation and hear the truth about the IRS as a relates to offshore accounts and regulations thereof.
All calls can be covered under attorney-client privilege if necessary.
The New Stream Line Procedures
The streamlined filing compliance procedures describe below are available to taxpayers certifying that their failure to report foreign financial assets and pay all tax due in respect of those assets did not result from willful conduct on their part.
The streamlined procedures are designed to provide to taxpayers in such situations with:
- a streamlined procedure for fling amended or delinquent returns, and
- terms for resolving their tax and penalty procedure for filing amended or delinquent returns, and
- terms for resolving their tax and penalty obligations.
As reflected below, the streamlined filing procedures that were first offered on September 1, 2012 have been expanded and modified to accommodate a broader group of U.S. taxpayers.
Major changes to the streamlined procedures include:
- Extension of eligibility to U.S. taxpayers residing in the United States
- Elimination of the $1,500 tax threshold, and
- Elimination of the risk assessment process associated with the streamlined filing compliance procedure announced in 2012.
Eligibility criteria for the streamlined procedures
The modified streamlined filing compliance procedures are designed only for individual taxpayers, including estates of individual taxpayers.
The streamlined procedures are available to both U.S. individual taxpayers residing outside the United States and U.S. individual taxpayers residing in the United States. Descriptions of the specific eligibility requirements for the streamlined procedures for both non-U.S. residents (the “Streamlined Foreign Offshore Procedures”) and U.S. residents (“Streamlined Domestic Offshore Procedures”) are set forth below.
Taxpayers must certify that conduct was not willful.
Taxpayers using either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures, will be required to certify, in accordance with the specific instructions set forth below, that the failure to report all income, pay all tax and submit all required information returns, including FBARs (FinCEN Form 114, previously Form TD F 90-22,1) was due to non-willful conduct.
IRS has initiated a civil examination of taxpayer’s returns for any taxable year.
If the IRS has initiated a civil examination of taxpayer’s returns for any taxable year, regardless of whether the examination relates to undisclosed foreign financial assets, the taxpayer will not be eligible to use the streamlined procedures.
Taxpayers under examination may consult with their agent.
A taxpayer under criminal investigation by IRS Criminal Investigation is also ineligible to use the streamlined procedures.
Taxpayers eligible to use streamlined procedures who have previously filed delinquent or amended returns must pay previous penalty assessments.
Taxpayers eligible to use the streamlined procedures who have previously filed delinquent or amended returns in a attempt to address U.S. tax and information reporting obligations with respect to foreign financial assets (so-called “quiet disclosures” made outside of the Offshore Voluntary Disclosure Program (OVDP) or its predecessor programs) may still use the streamlined procedures by following the instructions set forth below.
However, any penalty assessments previously made with respect to those filing will not be abated.
Taxpayers who want to participate in the streamlined procedures need a valid Taxpayer Identification Number.
All returns submitted under the streamlined procedures must have a valid Taxpayer Identification Number.
For U.S. citizens, resident aliens, and certain other individuals, the proper TIN is a valid Social Security Number (SSN).
For individuals who are not eligible for an SSN or ITIN will not be processed under the streamlined procedures.
However, for taxpayers who are ineligible for an SSN but do not have an ITIN, a submission my be made under the streamlined procedures if accompanied by a complete ITIN application.
OVDP or streamlined procedures
Taxpayers who are concerned that their failure to report income, pay tax, and submit required information returns was due to willful conduct and who therefore seek assurance that they will not be subject to criminal liability and/or substantial monetary penalties should consider participating the Offshore Voluntary Disclosure Program and should consult with their professional or legal advisers.
General treatment under the streamlined procedures
Tax returns submitted under either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures will be processed like any other return submitted to the IRS.
Receipt of the returns will not be acknowledged by the IRS and the streamlined filing process will not culminate in the signing of a closing agreement with the IRS.
Returns submitted under either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures will not be subject to IRS audit automatically, but they may be selected for audit under the existing audit selection processes applicable to any U. S. tax return and may also be subject to verification procedures in that the accuracy and completeness of submissions may be checked against information received from banks, financial advisors, and other sources.
Returns submitted under the streamlined procedures may be subject to IRS examination, additional civil penalties, and even criminal liability, if appropriate.
Taxpayers who are concerned that their failure to report income, pay tax, and submit required information returns was due to willful conduct and who therefore seek assurances that they will not be subject to criminal liability and/or substantial monetary penalties should consider participating in the Offshore Voluntary Disclosure Program and should consult with their tax professional or legal advisers.
After a taxpayer has completed the streamlined filing compliance procedures, he or shewill be expected to comply with U.S. law for all future years and file returns according to regular filing procedures.
Coordination between streamlined procedures and OVDP
Once a taxpayer makes a submission under either the Streamlined Foreign Offshore Procedures or the Streamlined Domestic Offshore Procedures, the taxpayer may not participate in OVDP. Similarly, a taxpayer who submits to an OVDP voluntary disclosure letter pursuant to OVDP FAQ 24 on or after July 1, 2014, is not eligible to participate in the streamlined procedures.
A taxpayer eligible for treatment under the streamlined procedures who submits, or who has submitted, a voluntary disclosure letter under the OVDP (or any predecessor offshore voluntary disclosure program) prior to July 1, 2014, but who does not yet have a fully executed OVDP closing agreement, may request treatment under the applicable penalty terms available under the streamlined procedures.
Please NOTE:
A taxpayer seeking such treatment does not need to opt out of the OVDP but will be required to certify, in accordance with the instructions set forth below, that the failure to report all income, pay all tax, and submit all information returns, including FBARs, was due to non-willful conduct.
As part of the OVDP process, the IRS will consider this request in light of all the facts and circumstances of the taxpayer’s case and will determine whether or not to incorporate the streamlined penalty terms in the OVDP closing agreement.
Tax Help for IRS Offshore Accounts, FBAR, Tax Filings, Tax Settlements = Attorney, Lawyer, Former IRS = THAILAND – BANGKOK, CHIANG MAI
by Fresh Start Tax | Nov 17, 2014 | Tax Help
We are a full service professional tax firm that specialize in offshore banking, international tax law, FBAR, FATCA & tax representation.
We have been serving taxpayers since 1982 and our A+ rated by the Better Business Bureau.
On staff are tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and taxes structures.
Because of our years of experience at the Internal Revenue Service we know the system and the tax law as it pertains to offshore banking and international tax the requirements thereof.
You may contact us or Skype us today for a free initial tax consultation.
The conversation can b covered under attorney-client privilege if requested.
We have successfully represented thousands of clients since 1982
Changes to Offshore Programs; Revisions Ease Burden and Help More Taxpayers Come into Compliance
The Internal Revenue Service has made major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing overseas and those residing in the United States.
The changes are anticipated to provide thousands of people a new avenue to come into compliance with their U.S. tax obligations.
The tax changes include an expansion of the streamlined filing compliance procedures announced in 2012 and important modifications to the 2012 Offshore Voluntary Disclosure Program (OVDP).
The expanded streamlined procedures are intended for U.S. taxpayers whose failure to disclose their offshore assets was non-willful.
Balanced against the modified programs is the government’s ongoing effort to combat the misuse of offshore assets.
You should know that the IRS, working closely with the U.S. Department of Justice, continues to investigate foreign financial institutions that may have assisted U.S. taxpayers in avoiding their tax filing and payment obligations.
In addition, on July 1, the new information reporting regime resulting from the Foreign Account Tax Compliance Act (FATCA) will go into effect.
Thousands of foreign financial institutions will begin to report to the IRS the foreign accounts held by U.S. persons.They mean business!
The current Offshore Voluntary Disclosure Program was launched in 2012 and is the successor to prior voluntary programs offered in 2011 and 2009.
Since the launch of the first program, more than 45,000 taxpayers have come into compliance voluntarily, paying about $6.5 billion in taxes, interest and penalties.
The expansion of the streamlined procedures and modifications to OVDP reflect the thoughtful input of the tax community given the growing awareness among U.S. taxpayers of their offshore tax obligations.
Streamlined Procedures Expanded
The changes announced today make key expansions in the streamlined procedures to accommodate a wider group of U.S. taxpayers who have unreported foreign financial accounts.
The original streamlined procedures announced in 2012 were available only to non-resident, non-filers. Taxpayer submissions were subject to different degrees of review based on the amount of the tax due and the taxpayer’s response to a “risk” questionnaire.
The expanded streamlined procedures are available to a wider population of U.S. taxpayers living outside the country and, for the first time, to certain U.S. taxpayers residing in the United States.
The changes include:
Eliminating a requirement that the taxpayer have $1,500 or less of unpaid tax per year;
Eliminating the required risk questionnaire;
Requiring the taxpayer to certify that previous failures to comply were due to non-willful conduct.
For eligible U.S. taxpayers residing outside the United States, all penalties will be waived.
For eligible U.S. taxpayers residing in the United States, the only penalty will be a miscellaneous offshore penalty equal to 5 percent of the foreign financial assets that gave rise to the tax compliance issue.
Offshore Voluntary Disclosure Program (OVDP) Modified
The changes also make important modifications to the OVDP.
The changes include:
Requiring additional information from taxpayers applying to the program;
- Eliminating the existing reduced penalty percentage for certain non-willful taxpayers in light of the expansion of the streamlined procedures;
- Requiring taxpayers to submit all account statements and pay the offshore penalty at the time of the OVDP application;
- Enabling taxpayers to submit voluminous records electronically rather than on paper;
- Increasing the offshore penalty percentage (from 27.5% to 50%) if, before the taxpayer’s OVDP pre-clearance request is submitted, it becomes public that a financial institution where the taxpayer holds an account or another party facilitating the taxpayer’s offshore arrangement is under investigation by the IRS or Department of Justice.
US Tax Lawyer, Attorney = Offshore Banking, International Tax Law, FATCA, FBAR Representation = THAILAND – BANGKOK, CHIANG MAI
by Fresh Start Tax | Nov 17, 2014 | Tax Help
We are a tax specialty firm the deals with all FBAR & Expatriates Matters. Since 1982, true tax experts!
We know the system! Over 60 years with IRS, we taught tax law at the IRS. We know what they know.
All contacts can be confidential if requested and covered under attorney client privilege.
Call us or SKYPE us today to hear the truth.
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 Internal Revenue Service.
Our former IRS agents have worked in the local, regional and teaching offices of the Internal Revenue Service.
We are staffed with tax attorneys, tax lawyers, certified public accountants and former IRS agents.
We been in practice since 1982 are A+ rated by the Better Business Bureau.
Report of Foreign Bank and Financial Accounts (FBAR)
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).
Current FBAR Guidance
FinCEN introduces new forms
On September 30, 2013, FinCEN posted a notice on their website announcing the current FBAR form, FinCEN Report 114, Report of Foreign Bank and Financial Accounts. FinCEN Report 114 supersedes the previous years’ form TD F 90-22.1 and is only available online through the BSA E-Filing System website.
The e-filing system allows the filer to enter the calendar year reported, including past years, on the online FinCEN Report 114. It also offers filers an option to “explain a late filing” or to select “Other” and enter up to 750-characters within a text box to provide a further explanation of the late filing or to indicate whether the filing is made in conjunction with an IRS compliance program.
On July 29, 2013, FinCEN posted a notice on their website introducing a new report to filers who submit FBARs jointly with spouses or who wish to have a third party preparer file their FBARs on their behalf.
The new FinCEN Report 114a, Record of Authorization to Electronically File FBARs, is not submitted when filing an FBAR but, instead, is kept in FBAR records maintained by the filer and the account owner, and must be made available to FinCEN or IRS upon request.
Filing deferral for certain individuals with signature authority only, effective through June 30, 2015
FinCEN Notice 2013-1 extended the due date for filing FBARs by certain individuals with signature authority over, but no financial interest in, foreign financial accounts of their employer or a closely related entity, to June 30, 2015.
FBAR, EXPATRIATES = US ATTORNEY, LAWYERS TAX EXPERTS – THAILAND – BANGKOK, CHIANG MAI
by Fresh Start Tax | Nov 17, 2014 | Tax Help
We are a full service Christian Tax Firm that specialize in IRS Tax Debt Settlements.
On staff a fresh start tax llc is a former IRS revenue officer who both worked the offer in compromise program was a teaching instructor of the offer in compromise, tax debt settlement program.
over 38% of all those who file for the offer compromise are accepted by the Internal Revenue Service.
Over 78,000 offers in compromise( IRS Tax Debt Settlements ) are filed every year and those accepted for an average of $.14 on a dollar
FRESH START TAX LLC
We are comprised of Christian IRS tax attorneys, Christian IRS tax lawyers, certified public accountants, and former IRS agents managers and tax instructors.
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 Internal Revenue Service.
We taught tax Law at the IRS. We know all the IRS systems.
Free tax consultations, hear the truth about your IRS tax matters and tax problems<><
You may contact us today for a free initial tax consultation and receive true Christian and biblical tax advice on how to resolve any IRS and state tax problem that you currently have. You are not to live in bondage.
You will speak directly to a true Christian IRS tax expert.
All our work is done in-house by a Christian tax staff.
You may also Skype us to have a face-to-face meeting with us.
Proverbs 12:15<><
The way of a fool is right in his own eyes, but a wise man listens to advice.
Proverbs 11:14<><
Where there is no guidance, a people falls, but in an abundance of counselors there is safety.
Areas of Christian Professional Tax Representation <><
On staff, Christian Tax Attorney’s, Christian IRS Tax Lawyers, Christian Certified Public Accountants, Enrolled Agents,
Full Service Accounting Tax Firm,
We taught Tax Law in the IRS Regional Training Center
Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
Highest Rating by the Better Business Bureau “A” Plus
Fast, affordable, and economical
Licensed and certified to practice in all 50 States
Nationally Recognized Veteran /Published Former IRS Agent
Nationally Recognized Published EZINE Tax Expert
As heard on GRACE Net Radio.com – Monthly Radio Show-Business Weekly
Areas of Christian Professional Tax Practice:
Same Day IRS & State Tax Representation
Offers in Compromise / IRS Tax Debt Settlements
Immediate Release of IRS Bank Levies or IRS Wage Garnishments
Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
IRS Tax Audits IRS Hardships Cases or Unable to Pay
Payment Plans, Installment Agreements, Structured agreements
Abatement of Penalties and Interest
State Sales Tax Cases
Payroll / Trust Fund Penalty Cases / 6672
Filing Late, Back, Unfiled Tax Returns
Tax Return Reconstruction
FBAR/FATCA
Civil, Criminal Tax Experts
Biblical counseling
Income, Business, Corporate Tax
Christian financial counseling available upon request
IRS Tax Attorney – Christian IRS Tax Attorney – IRS & State Tax Problems
IRS Tax Debt Settlement, Offer in Compromise Specialist – Christian Tax Firm Help, Reduce IRS Tax Debt
