by Fresh Start Tax | Jul 1, 2014 | Tax Help
New 1023-EZ Form Makes Applying for 501(c)(3) Tax-Exempt Status Easier; Most Charities Qualify, Long overdue!!!
The Internal Revenue Service has a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily.
This change cuts paperwork for these charitable groups and speeds application processing so they can focus on their important work.
The new Form 1023-EZ, available today on IRS.gov, is three pages long, compared with the standard 26-page Form 1023.About time, ha.
Most small organizations, including as many as 70 percent of all applicants, qualify to use the new streamlined form.
Most organizations with gross receipts of $50,000 or less and assets of $250,000 or less are eligible.
The change will allow the IRS to speed the approval process for smaller groups and free up resources to review applications from larger, more complex organizations while reducing the application backlog.
Currently, the IRS has more than 60,000 501(c)(3) applications in its backlog, with many of them pending for nine months.
Following feedback this spring from the tax community and those working with charitable groups, the IRS refined the 1023-EZ proposal for today’s announcement, including revising the $50,000 gross receipts threshold down from an earlier figure of $200,000.
The new EZ form must be filed online. The instructions include an eligibility checklist that organizations must complete before filing the form.
The Form 1023-EZ must be filed using pay.gov, and a $400 user fee is due at the time the form is submitted. Further details on the new Form 1023-EZ application process can be found in Revenue Procedure 2014-40, posted today on IRS.gov.
There are more than a million 501(c)(3) organizations recognized by the IRS.
by Fresh Start Tax | Jul 1, 2014 | Tax Help
Get Your Money Back From the IRS Today.
As former IRS agents and managers for over 60 years we know the exact process to give you immediate IRS levy tax help.
We know the exact, fast and affordable way to go ahead and get an IRS Bank Levy or wage garnishment levy released from the Internal Revenue Service and settle your tax debt with IRS.
You can contact us today for a free initial tax consultation and within 15 minutes you will know the exact process necessary to close your case with the Internal Revenue Service and have a release of Levy sent to your bank or to your employer.
We are A+ rated by the Better Business Bureau and have over 206 years of professional tax experience.
We have been in private practice since 1982.
IRS issues close to 2 million bank levy and wage garnishment levies every year.
Before the Internal Revenue Service will issue a bank levy or wage garnishment levy release, they will need a completely documented financial same it usually on form 433F.
That form will have to be completely documented along with three months of bank statements, copy of all monthly living expenses and a copy of your last pay stub to verify income.
The Internal Revenue Service will compare that against the national and localized standards to see where you fall out.
As a general rule the Internal Revenue Service will either place your case into an economic tax hardship or insist on a monthly payment agreement.
Many times the agent will recommend that you could be a qualified candidate to file an offer in compromise or a tax debt settlement.
Contact us today we walk you through the process.
You must also beware that the Internal Revenue Service will conduct a full compliance check to make sure all your tax returns are current and up-to-date.
If you need to file back tax returns we can do that for you and settle your case at the same time.
We are a full service tax firm with all work done in-house by qualified tax professionals.
IRS Tax Levy Help – Bank Levy, Wage Garnishment * Fast Affordable Removals* Portland, Lewiston, Saco, Bangor
by Fresh Start Tax | Jul 1, 2014 | Tax Help
Affordable Tax Resolution by true experts!
Have former IRS agents and managers with over 60 years of direct IRS work experience manage and settle your case with the Internal Revenue Service.
We can provide immediate and permanent relief for an IRS tax Levy, represent you during an IRS tax audit or appeal and file back tax returns and settle your case all at the same time.
We are A+ rated by the Better Business Bureau have been in practice since 1982.
On staff for tax attorneys, tax lawyers, CPAs and former IRS and state tax agents.
We have over 206 years of professional tax experience and can answer all initial inquiries with no charge and you will be speaking directly to a true IRS tax professional.
Since 1982 we have provided nationwide expert tax relief for affordable pricing.
Some quick tax facts:
- Internal Revenue Service sends out over 1.8 bank tax levies and wage garnishment levies every year.
- The Internal Revenue Service audits less than 1% of all taxpayers in a given year and sends out over 1.4 mail audits each and every year,
- Over 16 million people do not file annual tax returns,
- IRS accepts 38% of all offers in compromise filed on tax debt settlements with an average settlement of $.14 on a dollar.
No matter what type of IRS tax problem you have, we have a affordable tax experts who can go ahead and give you expert tax advice to give you immediate tax relief.
IRS tax levies can be released within 24 hours, we could prepare all back tax returns within a week have them sent to Internal Revenue Service, and we can walk you through the IRS pre-qualifier tool to find out if you are an eligible candidate for a tax debt settlement.
IRS Taxes Help = Tax Levy, IRS Audit, Back Filings, Tax Debt Settlement Relief – Portland, Lewiston, Saco, Bangor
by Fresh Start Tax | Jul 1, 2014 | Tax Help
Have former IRS agents and managers completely resolve your IRS problem.
If you are going are experiencing a IRS bank or wage tax levy, going through an IRS tax audit or need to file back tax returns contact us today for free initial tax consultation.
We have over 60 years of direct experience with the local, district and regional tax offices of the IRS.
After speaking you for about 15 minutes we can work out a plan and a strategy and even let you know if you’re a tax debt settlement candidate for offer in compromise.
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On staff or tax attorneys, tax lawyers, certified public accountants, enrolled agents and former IRS agents managers and tax instructors that have a combined 60 years with the Internal Revenue Service and the local, district, and regional tax offices of the Internal Revenue Service.
IRS Taxes Help – Tax Levy, IRS Audit, Back Filings, Settlements – Portland, Lewiston, Saco, Bangor
by Fresh Start Tax | Jun 30, 2014 | Tax Help
Offshore Tax-Avoidance and IRS Compliance Efforts
The IRS continues to uncover abusive tax-avoidance schemes involving offshore activity. Find information here pertaining to Union Bank of Switzerland (UBS).
Aug. 19, 2009, Announcement and Documents
May 27, 2014 — Martin Lack, a former UBS AG banker, was sentenced to five years of probation and ordered to pay a $7,500 fine. Lack was charged in August 2011 with conspiracy to defraud the United States. He assisted U.S. customers to open and maintain secret bank accounts.
May 9, 2014 — Dr. Patricia Lynn Hough, of Englewood, Florida, was sentenced to 24 months in prison for conspiring to defraud the IRS by concealing millions of dollars in assets and income in offshore bank accounts at UBS and other foreign banks, and for filing false individual income tax returns. Hough was also ordered to pay $15,518,382 in restitution and $42,732 for the costs of prosecution.
March 21, 2014 — Victor Lipukhin, formerly a resident of St. Charles, Ill., was indicted for attempting to interfere with the administration of the Internal Revenue laws and filing false tax returns. Lipukhin, a Russian citizen and former lawful permanent U.S. resident, kept between approximately $4,000,000 and $7,500,000 in assets in two bank accounts with UBS from at least 2002 through 2007.
March 18, 2014 — California attorney Christopher M. Rusch was sentenced to 10 months in prison for helping his clients Stephen M. Kerr and Michael Quiel hide millions of dollars in secret offshore bank accounts. Rusch pleaded guilty on Feb. 6, 2013, to conspiracy to defraud the government and failing to file a Report of Foreign Bank and Financial Accounts (FBAR).
Feb. 26, 2014 — Christopher B. Berg, of Portola Valley, Calif., was sentenced to one year and one day in prison. Prior to sentencing, Berg paid more than $250,000 in restitution to the IRS, as well as a penalty of $287,896 for failure to properly report his foreign account.
Jan. 14, 2014 — H. Ty Warner was sentenced to two years’ probation for tax evasion. Warner has paid more than $53 million in a civil penalty, as well as approximately $27 million in back taxes and interest.
Sept. 24, 2013 — Stephen M. Kerr and Michael Quiel were each sentenced to 10 months in prison. Stephen M. Kerr and Michael Quiel were convicted of failing to disclose secret offshore bank accounts in Switzerland. Kerr and Quiel, prominent Phoenix businessmen, were each convicted of two counts of filing false individual income tax returns for 2007 and 2008. Kerr was also convicted of two counts of failing to file a Report of Foreign Bank and Financial Accounts (FBAR).
July 16, 2013 — Peter Troost, of Skokie, Ill., was sentenced to 12 months and a day in prison for evading taxes on more than $3 million held in offshore UBS accounts. Troost has already paid over $1 million in back taxes, as well as a civil penalty of approximately $3.75 million.
April 25, 2013 — Mary Estelle Curran, of Palm Beach, Fla., was sentenced for filing false tax returns. Curran pleaded guilty in January 2013 and agreed to pay a civil penalty of $21 million.
Mar 21, 2013 — Rakesh Chitkara, of Marlboro, N.J., pleaded guilty to filing false personal federal income tax returns. Chitkara must repay back taxes and pay a civil penalty of $839,885 for willfully failing to file Reports of Foreign Bank and Financial Accounts (FBARs) on at least two accounts at UBS AG in Zurich, Switzerland.
Jan. 30, 2013 — Christopher B. Berg of Portola Valley, Calif., pleaded guilty today to willfully failing to file a Report of Foreign Bank and Financial Accounts (FBAR) for an account he controlled at UBS in the year 2005.
by Fresh Start Tax | Jun 30, 2014 | Tax Help
More than 150,000 Individuals Pay Their Taxes with IRS Direct Pay
The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.
To date, more than 150,000 taxpayers have paid more than $340 million in taxes through the new IRS Direct Pay system.
With IRS Direct Pay, taxpayers receive instant confirmation that the payment has been submitted, and the system is available 24 hours a day, 7 days a week.
Bank account information is not retained in IRS systems after payments are made.
From the “Pay Your Tax Bill” icon at the top of the IRS home page, taxpayers can access IRS Direct Pay, which walks the taxpayer through five simple steps.
The steps include:
- providing your tax information,
- verifying your identity,
- entering your payment information,
- reviewing and electronically signing and recording your online confirmation.
IRS Direct Pay offers 30-day advance payment scheduling, payment rescheduling or cancellations, and a payment status search.
Future plans include an option for e-mailed payment confirmation, a Spanish version and one-time registration with a login and password to allow quick access on return visits.
