by Fresh Start Tax | Apr 7, 2014 | Tax Help
Making Estimated Tax Payments
If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re self-employed you normally have to pay your taxes this way.
Tips you should know about estimated taxes:
1. You should pay estimated taxes in 2014 if you expect to owe $1,000 or more when you file your federal tax return.
Special rules apply to farmers and fishermen.
2. Estimate the amount of income you expect to receive for the year to determine the amount of taxes you may owe.
Make sure that you take into account any tax deductions and credits that you will be eligible to claim.
Life changes during the year, such as a change in marital status or the birth of a child, can affect your taxes.
3. You normally make estimated tax payments four times a year.
The dates that apply to most people are April 15, June 16 and Sept. 15 in 2014, and Jan. 15, 2015.
4. You may pay online or by phone. You may also pay by check or money order, or by credit or debit card.
If you mail your payments to the IRS, use the payment vouchers that come with Form 1040-ES, Estimated Tax for Individuals.
5. Check out the electronic payment options on IRS.gov.
The Electronic Filing Tax Payment System is a free and easy way to make your payments electronically.
6. Use Form 1040-ES and its instructions to figure your estimated taxes.
How to Make Estimated Tax Payments
by Fresh Start Tax | Apr 6, 2014 | Tax Help
If you want to end any IRS problem it only makes sense to hire former IRS agents and managers who know the systems and protocols to end your IRS problems immediately.
Our firm has a combined 60 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
While working at the Internal Revenue Service we worked as tax instructors teaching new agents there jobs in the Atlanta regional training centers out of Atlanta Georgia.
As a result of our years of experience, we understand all the systems and protocols necessary to get immediate results and help you with any back tax issues you may have.
We can get releases of any tax levies, working out a tax audit settlement and file any back at all tax returns.
IRS Tax Levies
If you have received an IRS notice of levy on the bank account or on your wages, contact us today and once we have your current financial statement in hand we can get your notice of levy release within 24 hour period of time.
Filing Back Returns
You should note that all tax returns need to be filed, current and up-to-date with Internal Revenue Service before IRS will work with any taxpayer.
If you need to file back tax returns and have little or no records call us today and we can get past income reports from the Internal Revenue Service and by means of reconstruction methods, we can reproduce any tax return necessary to close out your IRS case.
Owe Back Money
If you are go money to Internal Revenue Service will review your case. One this is done we will recommend to IRS that your case be put in hardship, make a monthly payment, or try to settle your case through an offer in compromise.
Your current financial statement will determine which closing settlement method will be used by the Internal Revenue Service.
FST is firm is A+ rated by the Better Business Bureau we have been in private practice since 1982.
Affordable IRS Back Taxes Help * Levy, * Audit, *Settlement, * Back File *Affordable* Lithia Springs, Evans, Dublin, Candler, Belvedere Park -Tax Attorney
by Fresh Start Tax | Apr 5, 2014 | Tax Help
End your IRS problems once and for all by using former IRS agents and managers who know the systems.
We have a combined 60 years of direct IRS experience working out of a local, district, and regional tax offices of the Internal Revenue Service.
As former IRS agents we were former tax instructors who taught new agents their jobs working out of the Atlanta regional training center.
As a result of combined years of experience at the Internal Revenue Service we understand all the systems and strategies used by the Internal Revenue Service.
Our firm understands how to settle your case for affordable pricing and as quickly as possible.
We have resolved thousands of taxpayers issues since our inception into private practice in 1982. You should also note that we are A+ rated by the Better Business Bureau.
Filing of back tax returns
You must file your back tax returns for both civil and criminal reasons.
If you fail to file a tax return you should know that IRS can prepare your return under 6020 B of the Internal Revenue Code.
IRS will make sure you pay the most amount of tax allowed by law.
If this is happening to you and IRS has already created a tax assessment, know that we can file for an audit reconsideration to lower your tax bill.
IRS tax audits
The Internal Revenue Service audits less than 1% of all taxpayers.
In a given calendar year IRS will audit 1.5 million taxpayers.
If this is happening to you, call us and speak directly to a former IRS agents how can layout your best possible tax defense for your IRS tax audit.
IRS tax settlement
IRS tax settlements are called offers in compromise.
IRS accepts over 38% of all offers filed for an average of $.16 on a dollar.
Find out if you are qualified for an IRS tax settlement. Call us today and speak to a former IRS agent who both worked the offer program and was a teaching instructor for the program.
Tax Levy Releases
To stop an IRS tax Levy you will have to contact IRS and send them a completed financial statement on form IRS 433-F.
You can find this form on our website.
Your financial statement will have to be both accurate, complete and full of documentation to support the entire statement.
When retaining Fresh Start Tax LLC, once we have received your complete financial statement with documentation in hand, we can release your tax levy generally released within a 24-hour period of time.
Call us today for a free initial tax consultation and we can help you with anything from a simple letter, going to IRS tax appeals or even going to Tax Court.
All work is done in-house.
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by Fresh Start Tax | Apr 4, 2014 | Tax Help
Big Brother is coming!
The governments of the world all want their money and they are all getting together to make sure they collect their fair share of revenue for their country.
The United States is been very productive over the last three years collecting over $6 billion of offshore money that was never reported to the Internal Revenue Service.
Over 42,000 taxpayers and individuals came forward to do their reporting to make sure they did not spend time in club Fed.
But now everybody is getting into the act
19 Nations just added to the list
The Treasury Department added 19 nations to its list of countries that have reached agreements with the United States.
The Treasury and the Internal Revenue Service said the 19 nations including Australia, Brazil, South Africa and South Korea, as well as several tax havens, such as British Virgin Islands .
The latest announcement which brings the total number of countries with effective agreements to a whooping 45, gives foreign financial institutions in the affected countries more certainty about their responsibilities under the new FATCA era.
What is FATCA?
FATCA requires financial institutions to use enhanced due diligence procedures to identify US persons who have invested in either non-US financial accounts or non-US entities.
The intent behind FATCA is to keep US persons from hiding income and assets overseas.
The US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released on February 20, 2014 two sets of final and temporary regulations for FATCA. The first set contains changes to the provisions of Chapter 4 of the Internal Revenue Code (Code) commonly referred to as the Foreign Account Tax Compliance Act (FATCA Regulations).
The second set of regulations (Link) coordinate the documentation standards, reporting and withholding rules relating to payments made to non-US and US persons (Chapters 3 and 61 and Section 3406 of the Code), with the FATCA regulations.
The regulations contain many changes with the impact varying depending on the products or services and whether a company’s activities are on shore or offshore. Broadly speaking, the guidance is a compilation of many smaller changes and clarifications.
In general, the law requires foreign financial institutions to provide information to the U.S. about Americans’ overseas accounts.
The U.S. has allowed foreign governments to serve as conduits for the information in many cases.
Without an intergovernmental agreement of some kind, foreign financial institutions face potentially stiff penalties in their dealings with U.S. financial institutions.
The 19 countries being added to the list include:
- Australia,
- Austria,
- Belgium,
- Brazil,
- British Virgin Islands,
- Czech Republic,
- Gibraltar,
- Jamaica,
- Kosovo,
- Latvia,
- Liechtenstein,
- Lithuania,
- Poland,
- Portugal,
- Qatar,
- Romania,
- Slovenia,
- South Africa and
- South Korea.
Please keep in mind more will be added to this list.
If you have any issues or need to speak to a tax attorney, contact us today and have a conversation that will be privileged with a tax attorney who was in expert in international matters.
BEWARE – FBAR/FATCA – Offshore Arm of Treasury is Reaching Out – Lawyer Experts FBAR/FATCA Representation
by Fresh Start Tax | Apr 4, 2014 | Tax Help
Affordable Tax Experts
Get the results you want by calling Former IRS agents and managers who worked out of Florida IRS offices.
Fresh Start Tax LLC is comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents, managers and tax instructors who have a combined 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the state of Florida.
There are very few firms that have the experience of Fresh Start Tax LLC.
We have been in private practice since 1982 in our A+ rated by the Better Business Bureau.
IRS tax levies releases
IRS sends out tax levies when taxpayers failed to contact IRS as a result of a final notice sent to the individual last known address.
IRS will send out one of two levees, IRS will either send out a bank levy or a wage garnishment levy.
IRS sends out just under 2 million tax levies each and every year.
To get your IRS levy released you will have to give IRS a current documented and verifiable financial statement along with your last pay stub, copy of last three months bank statements and copies of your monthly bills.
If you retain Fresh Start Tax, usually within 24 hours of receiving your current financial statement we can get your IRS levy released.
IRS tax audits
IRS audits less than 1% of all taxpayers.
If you received an IRS audit letter or going through an audit and need seasoned and experienced professional tax help, call us today and speak directly to a former IRS audit manager who knows the systems and formulas of settlement.
IRS tax settlement.
An IRS tax settlement is called an offer in compromise.
Over 38% of all offers in compromise or tax settlements that are filed to the Internal Revenue Service are accepted for an average of $.14 on a dollar.
Call us today and we will let you know if you are a qualified and suitable candidate for an offer in compromise.
Back tax filing.
It is critical you file your back tax returns or IRS can prepare your return under 6020 B of the IRS code and they will do you no favors in filing. I can assure you you will pay them most amount of tax allowed by law.
If you have fewer little records we can prepare your tax returns under reconstructive methods and save you tax and assure you that you will pay the lowest amount of tax allowed by law.
Call us today for a free initial tax consultation and see why we are one of the highest rated professional firms in the state of Florida.
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by Fresh Start Tax | Apr 4, 2014 | Tax Help
Fresh Start Tax LLC is a AFFORDABLE Florida tax firm that specialized in the resolution of any IRS or State of Florida tax problem.
We have been in private practice in the state of Florida since 1982 in our A+ rated by the Better Business Bureau.
The firm is comprised of tax attorneys, certified public accountants, tax lawyers, enrolled agents, and former IRS agents and managers.
Our former IRS agents and managers have worked out of Florida’s IRS offices for a combined 60 years of direct IRS tax experience.
Also, our former IRS agents also taught new agents there jobs in the Atlanta regional service training centers.
Having this degree of expertise that we have learned that the IRS, we know all the systems and formulas to get you immediate and permanent tax relief.
Simply pick up the phone and call us today for a free initial tax consultation and we will offer different in various solutions and how to completely resolve any IRS or state tax problem that you have. You may speak directly to a tax professional in your information will be confidential.
Areas of Professional Tax Representation
- On staff, Board Certified 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 Tax Representation
- Offers in Compromise or 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
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