by Fresh Start Tax | Oct 30, 2014 | Tax Help
As Former IRS Agents and Managers we know the system.
We are the Affordable Professional Tax Firm for resolving your IRS Back Tax Debt Problems.
We are A plus rated by the BBB. We have been in practice since 1982.
We are experts if you owe Back IRS Taxes and need immediate IRS Tax debt relief.
Searching the Internet for IRS tax help,I would urge 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.
Sometimes up to $90 a shot.
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.
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.
Two general ways in which IRS will close your case.
1. Through a 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.
The third option is the possibility of an offer in compromise called a tax debt settlement.
Over 38% 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.
If you owe back taxes and problems we are the affordable tax experts.
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We are honest, experienced and the affordable tax experts for owing IRS back taxes.
Hire the best for the same fees.
Owe IRS Back Taxes, IRS Tax Debt Relief, Offer in Compromise = Former IRS Affordable – Downey Cambridge, New Bedford, Brockton, Quincy
by Fresh Start Tax | Oct 30, 2014 | Tax Help
Various Tax Benefits Increase Due to Inflation Adjustments for the year 2015
For tax year 2015, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 provides details about these annual adjustments.
The tax items for tax year 2015 of greatest interest to most taxpayers include the following dollar amounts :
- The tax rate of 39.6 percent affects singles whose income exceeds $413,200 ($464,850 for married taxpayers filing a joint return), up from $406,750 and $457,600, respectively. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income tax thresholds are described in the revenue procedure.
- The standard deduction rises to $6,300 for singles and married persons filing separate returns and $12,600 for married couples filing jointly, up from $6,200 and $12,400, respectively, for tax year 2014. The standard deduction for heads of household rises to $9,250, up from $9,100.
- The limitation for itemized deductions to be claimed on tax year 2015 returns of individuals begins with incomes of $258,250 or more ($309,900 for married couples filing jointly).
- The personal exemption for tax year 2015 rises to $4,000, up from the 2014 exemption of $3,950. However, the exemption is subject to a phase-out that begins with adjusted gross incomes of $258,250 ($309,900 for married couples filing jointly). It phases out completely at $380,750 ($432,400 for married couples filing jointly.)
- The Alternative Minimum Tax exemption amount for tax year 2015 is $53,600 ($83,400, for married couples filing jointly). The 2014 exemption amount was $52,800 ($82,100 for married couples filing jointly).
- The 2015 maximum Earned Income Credit amount is $6,242 for taxpayers filing jointly who have 3 or more qualifying children, up from a total of $6,143 for tax year 2014. The revenue procedure has a table providing maximum credit amounts for other categories, income thresholds and phaseouts.
- Estates of decedents who die during 2015 have a basic exclusion amount of $5,430,000, up from a total of $5,340,000 for estates of decedents who died in 2014.
- For 2015, the exclusion from tax on a gift to a spouse who is not a U.S. citizen is $147,000, up from $145,000 for 2014.
- For 2015, the foreign earned income exclusion breaks the six-figure mark, rising to $100,800, up from $99,200 for 2014.
- The annual exclusion for gifts remains at $14,000 for 2015.
- The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending arrangements (FSA) rises to $2,550, up $50 dollars from the amount for 2014.
- •Under the small business health care tax credit, the maximum credit is phased out based on the employer’s number of full-time equivalent employees in excess of 10 and the employer’s average annual wages in excess of $25,800 for tax year 2015, up from $25,400 for 2014.
Details on these inflation adjustments and others not listed in this release can be found in Revenue Procedure 2014-61, which will be published in Internal Revenue Bulletin 2014-47 on Nov. 17, 2013.
The pension limitations for 2015 were announced on Oct. 23, 2014
by Fresh Start Tax | Oct 30, 2014 | Tax Help
We are the affordable professional tax that specialize in IRS tax relief help.
We have been in private practice since 1982 and we are A+ rated by the Better Business Bureau.
On staff are Former IRS agents that have over 60 years of working for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.
As a result of our 60 years of direct IRS work experience, we can give you immediate help for IRS tax levies, IRS tax audits, IRS tax settlements and the filing of back tax returns.
We are a full-service tax firm that is A+ rated by the Better Business Bureau.
IRS – Tax Help Relief for those who Owe Back Tax.
Tax Relief Help begins with us filing of a power of attorney with the Internal Revenue Service. Form 2848 is used by the IRS.
As a result of our filing our power of attorney to IRS, you’ll never have to speak to the Internal Revenue Service.
If you have received an IRS tax Levy, Bank Levy, or wage garnishment levy, within 24 hours of receiving your current financial statement we can get your IRS tax Levy released in your case closed.
The Internal Revenue Service will want a current documented financial statement before IRS will release will release your current tax levy, bank levy or wage garnishment.
The Internal Revenue Service will analyze your financial statement and determine whether they are going to put you in a current non-collectible file or ask you for a monthly installment agreement. We will review your case and positively make sure you get the best possible settlement depending on your current financial statement.
Tax Settlements
If you are looking for an IRS tax settlement we can speak you about the program called the offer in compromise.
It is the only way you can settle back taxes with the Internal Revenue Service.
Call us today for a free initial tax consultation we will walk you through the process of how to get immediate and permanent tax relief.
If you have not filed your back returns and have few records, we can prepare your back tax returns under reconstructive methods.
If you will owe monies as a result of filing back taxes returns we can work out a tax settlement as well.
IRS – Tax Help, Tax Levy, Bank Levy, Wage Garnishment * Fast Affordable* Cambridge, New Bedford, Brockton, Quincy
by Fresh Start Tax | Oct 29, 2014 | Tax Help
We are a full service AFFORDABLE professional tax firm that are tax experts for Back Tax Relief. We know the System!
We’re comprised of tax attorneys, CPAs, and former IRS agents who have logged over 60 years of direct work experience in the local IRS offices.
Our former IRS agents and managers also worked in the district and regional offices as teaching instructors.
Due to our vast experience with Internal Revenue Service, we know the tax system to get IRS tax relief for those who owe IRS back taxes, wish to settle their tax debt, or make payments to the Internal Revenue Service and wish to file back or current tax returns.
We do it all, since 1982. We are one of the most trusted nationwide tax firms.
How the IRS system works when you Owe Back Tax Debt
Internal Revenue Service works all cases the same when a taxpayer is seeking IRS tax relief on back tax issues and problems.
On IRS back tax cases, the Internal Revenue Service is required to take a current financial statement on IRS form 433F.
The financial statement must be fully documented along with bank statements, pay stubs, and copies of all monthly expenses to document the financial statement and to verify it is correct and accurate.
The form the IRS will use if form 433F, you can find that on our website.
Once the Internal Revenue Service has that documented financial statement in hand, they will conduct an analysis and come up with an exit strategy they will use to go ahead and close or settle the case.
As a general rule cases that are reviewed by Internal Revenue Service are closed by:
1. placing taxpayers and are currently noncollectable file because their and expenses exceed their income, or
2. the Internal Revenue Service will ask the taxpayer to make a monthly payment because they have excess money to pay the Internal Revenue Service.
Over 37% of all taxpayers who apply for IRS Debt settlement called the offer in compromise, get accepted by the IRS.
- The average settlement is a $.14 on the dollar.
Call us today for free initial tax consultation to Settle IRS Debt, Make Payments, Hardships, Filing Tax Returns or apply for tax hardships.
We will walk you through the process and program of getting instant tax relief from the IRS.
Please be advised that the Internal Revenue Service will insist that all your back tax returns be filed in current with the Internal Revenue Service.
If you have not filed back tax returns we can do so with little or no records.
IRS Taxes – Back Taxes, Settle IRS Debt, Make Payments, Hardships, Filing Tax Returns *Affordable* Boston, Worcester, Springfield, Lowell
by Fresh Start Tax | Oct 29, 2014 | Tax Help
Affordable former IRS agents and managers who know the system.
We can provide immediate tax relief from individual, business, payroll and corporate tax debt.
FST is a full service tax specialty firm that deals in IRS problems and those who have tax debt and filing problems with the Internal Revenue Service.
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On staff are tax attorneys, CPAs, enrolled agents and former IRS agents and managers who have logged over 60 years with the Internal Revenue Service in the local, regional and district tax offices.
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There are few firms is qualified as our professional tax firm in dealing with those who Individual, Business, Payroll Corporate that owe IRS debt.
You can call us today for free initial tax consultation and speak directly to a true IRS affordable agent who can guide you in any tax problem you are currently having.
We can work out payment plans, place you in a non-collectible status for several years or settle your debt for pennies on dollar, this all will be determined depending on your current financial situation.
Any time IRS deals with back tax problems, IRS is required to take a current financial statement.
The financial statement will need to be fully documented.
We will walk you through the different in various programs the Internal Revenue Service has in place you went to one that best reflects your current state of finances.
Call us for free initial tax consultation or if you are being represented right now. feel free to call us for a second opinion.
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Owe IRS, Individual, Business, Payroll Corporate Taxes Debt, Affordable Former Agent – Boston, Worcester, Springfield, Lowell
by Fresh Start Tax | Oct 28, 2014 | Tax Help
We are comprised AFFORDABLE tax attorneys, certified public accountants, enrolled agent and former IRS agents.
We have over 206 years of professional tax experience and have been in private practice since 1982.
We’re A+ rated by the Better Business Bureau.
We also have on staff former IRS agents who have over 60 years of working directly for the Internal Revenue Service.
Our former IRS agents have both taught in the district and regional training offices of the Internal Revenue Service.
FST is a tax specialty firm that deals in IRS & State Tax Problems.
All our work is done in-house by a truly professional staff.
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We can handle anything from a simple IRS notice or letter to going to tax court including representing you in any civil or criminal tax matter.
If you have received an IRS tax levy, within 24 hours or receiving your current financial statement, and as a general rule, we can get your tax levy released.
If you want to try to qualify for a tax debt settlement through the fresh start program which is called an offer in compromise, we can pre-qualify to you to find out if you are a suitable candidate to have a tax debt settlement.
If you have received an IRS tax notice, we can have a former IRS agent represent your best interest.
If you need to file back tax returns or settlement with the Internal Revenue Service, we start the process by having a former IRS agent work your case so you will never have to speak to the IRS.
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IRS Problem Tax Attorneys – Tax Levy, Debt Settlement, Tax Audit, File Back Tax Returns *Affordable* Boston, Worcester, Springfield, Lowell
