by Fresh Start Tax | Aug 26, 2014 | Tax Help
We are a full service AFFORDABLE tax firm that specializes in immediate and permanent IRS tax relief.
FST is comprised of tax attorneys, tax lawyers, certified public accountants, enrolled agents and accountants all tax experts in dealing with the assistance of taxpayers and clients needing IRS tax problem help.
All work is done in-house by affordable tax experts who have been practicing their craft since 1982.
We have over 206 years a professional tax experience.
Our former IRS agents and managers 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.
You can contact today for a free initial tax consultation and speak directly to a true tax expert who can assist and show you various ways to remedy your IRS or state tax problems.
Use caution to those surfing the net for IRS tax help.
Make sure you check the bios out on the firm page to make sure you are calling a true professional tax firm like Fresh Start Tax LLC.
Areas of AFFORDABLE Professional Tax Representation
- On staff, Tax Attorney’s, IRS Tax Lawyers, 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 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 Experts
Tax Attorney *IRS Taxes Problem Help* Tax Levy, Audit, Settle, Filing Back Taxes – Chicago, Springfield, Evansville
by Fresh Start Tax | Aug 26, 2014 | Tax Help
Vacation Home Rentals, What You Need to Know
If you rent a home to others, you usually must report the rental income on your tax return.
But you may not have to report the income if the rental period is short and you also use the property as your home.
In most cases, you can deduct the costs of renting your property.
However, your deduction may be limited if you also use the property as your home.
Here is some tax information from Fresh Start Tax LLC that you should know if you rent out a vacation home:
Vacation Home.
A vacation home can be a house, apartment, condominium, mobile home, boat or similar property.
Schedule E.
You usually report rental income and rental expenses on Schedule E, Supplemental Income and Loss. Your rental income may also be subject to Net Investment Income Tax.
Used as a Home.
If the property is “used as a home,” your rental expense deduction is limited. This means your deduction for rental expenses can’t be more than the rent you received.
Divide Expenses.
If you personally use your property and also rent it to others, special rules apply.
You must divide your expenses between the rental use and the personal use. To figure how to divide your costs, you must compare the number of days for each type of use with the total days of use.
Personal Use.
Personal use may include use by your family.
It may also include use by any other property owners or their family.
Use by anyone who pays less than a fair rental price is also personal use.
Schedule A.
Report deductible expenses for personal use on Schedule A, Itemized Deductions.
These may include costs such as mortgage interest, property taxes and casualty losses.
Rented Less than 15 Days. If the property is “used as a home” and you rent it out fewer than 15 days per year, you do not have to report the rental income.
Vacation Home Rents and Your Taxes, Former IRS Agent, Tax Preparation
by Fresh Start Tax | Aug 26, 2014 | Tax Help
FST is a full service professional tax firm that specializes in IRS tax problem help.
FST has 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.
We are the affordable IRS tax help experts.
Fresh Start Tax LLC handles anything from a simple IRS notice / letter to going to Tax Court.
All work is done in-house by true tax experts.
If you need to get on a IRS payment plan, file back tax returns, settle back IRS tax debt or get a bank or wage Levy garnishment released, we’re the firm that can bring an end to your problems.
Because of our years of experience at the Internal Revenue Service we know all systems, protocols and settlement the theories to go ahead and to settle your case permanently with the Internal Revenue Service.
Making payments to IRS
There are a variety of payment plans you can choose from.
When you call us today we will simply review your current financial statement and help you make a determination on which payment plan is best for you.I
If you need a file back tax returns and have little or no records we can go ahead and prepare your back tax returns and if you will owe tax we can work out a tax settlement for you.
Settling your tax debt with the Internal Revenue Service is called an offer in compromise.
On our website you will find the IRS pre-qualifier tool for tax debt settlements.
We will help you walk through the process and find out what is the lowest amount possible for that you can settle your tax debt.
If you have received an IRS tax Levy, contact us today as a general rule within 24 hours of receiving your current financial statement we can get your levy released in your case closed.
Contact us today for a free initial tax consultation.
We are A+ rated by the Better Business Bureau.
IRS Tax Help – Make Payments, File Back Tax Returns, Settle Debt, Tax Levy – Chicago, Springfield, Evansville
by Fresh Start Tax | Aug 26, 2014 | Tax Help
FST is the affordable Tax Firm.
We are professional tax firm that specializes in the immediate and permanent release of the IRS tax Levy, bank levy, and wage garnishment levy.
FST is comprised of tax attorneys and certified public accountants, and former IRS agents.
As a result of our 60 years of working for the Internal Revenue Service we know every system and every avenue to stop the Internal Revenue Service.
While at the Internal Revenue Service we taught tax law.
As Former IRS agents, we can settle your case and remove your IRS Tax Levy.
2 Million Tax Levies are sent every out every year by Uncle Sam.
The Internal Revenue Service sends out close to 2 million bank and wage garnishment levies each and every year.
Each tax levy is computer generated by the CADE2 computer system. These letters are all send out systemically and not one human hand touches a tax levy.
If taxpayers do not respond to final notices, IRS is mandated to send out these tax Levy to seize paychecks and bank accounts.
How to get an IRS tax Levy, bank levy and wage garnishment levy released
To get a tax levy released IRS will require a current financial statement on form 433F.
That is the only form IRS will accept.
That financial statement will need to be fully documented and verified by the Internal Revenue Service.
We have released multitudes of tax levies. When dealing with our firm you will never speak to the Internal Revenue Service we handle all correspondence and communication.
As a general rule the Internal Revenue Service will ask for your last pay stub, your last three months bank statements, and a copy of all monthly expenses.
IRS will compare that against the national, local, and geographical standards.
Once IRS has the financial statement they will release the levy and have an exit strategy to close your case off the IRS enforcement computer.
As a general rule, IRS who either place your case into a hardship or uncollectible file, ask you for a monthly installment or payment agreement, and/or recommend you file an offer to compromise because you appear to be a suitable candidate.
Call us today for a free evaluation and consultation you can talk to a true IRS tax expert.
Keep in mind the Internal Revenue Service will conduct a full compliance check to make sure all your tax returns are current up-to-date on their computer system.
We are A+ rated by the Better Business Bureau have been in private practice since 1982.
We can represent you for any other issue you have with Internal Revenue Service .
We are a full service tax firm.
by Fresh Start Tax | Aug 26, 2014 | Tax Help
As Former IRS agents, we can settle your case and remove your IRS Tax Levy.
We are the affordable tax firm. We know the system.
The Internal Revenue Service sends out close to 2 million bank and wage garnishment levies each and every year.
If taxpayers do not respond to final notices, IRS is mandated to send out these tax Levy to seize paychecks and bank accounts.
How to get an IRS tax Levy, bank levy and wage garnishment levy released
To get a tax levy released IRS will require a current financial statement on form 433F.
That is a IRS form and the only form the will accept.
That financial statement will need to be fully documented and verified by the Internal Revenue Service.
We have released multitudes of tax levies.
As a general rule the Internal Revenue Service will ask for your last pay stub, your last three months bank statements, and a copy of all monthly expenses.
IRS will compare that against the national, local, and geographical standards.
Once IRS has the financial statement they will release the levy and have an exit strategy to close your case off the IRS enforcement computer.
As a general rule, IRS who either place your case into a hardship or uncollectible file, ask you for a monthly installment or payment agreement, and/or recommend you file an offer to compromise because you appear to be a suitable candidate.
Call us today for a free evaluation and consultation you can talk to a true IRS tax expert.
Keep in mind the Internal Revenue Service will conduct a full compliance check to make sure all your tax returns are current up-to-date on their computer system.
We are A+ rated by the Better Business Bureau have been in private practice since 1982.
Remove IRS Tax Levy, Bank Levy, Wage Garnishment – Fast – Middletown, Brookside, Glasgow, Hockessin, Smyrna
by Fresh Start Tax | Aug 25, 2014 | Tax Help
Truckers, Highway Use Tax Return Due Sept. 2
This year’s Sept. 2 due date, pushed back two days because the normal Aug. 31 deadline falls on a Sunday, generally applies to Form 2290 and the accompanying tax payment for the tax year that begins on July 1, 2014, and ends on June 30, 2015.
Tax Returns must be filed and tax payments made by Sept. 2 for vehicles used on the road during July.
For vehicles first used after July, the deadline is the last day of the month following the month of first use.
Though some taxpayers have the option of filing Form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this form electronically and paying any tax due electronically.
Taxpayers reporting 25 or more vehicles must e-file.
A list of IRS-approved software providers can be found on IRS.gov.
Paper returns must be mailed and postmarked by midnight on Sept. 2. As usual, IRS offices will be closed on Labor Day, Monday, Sept. 1.
The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more.
This generally includes trucks, truck tractors and buses.
Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.
The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply, explained in the instructions to Form 2290.
