by Fresh Start Tax | Apr 3, 2014 | Tax Help
Being Former IRS Agents and Managers we know the system!
Get your bank or Wage Levy Released and your case settled all at the same time.
Have Former IRS agents and managers who have over 60 years of combined IRS work experience in the local, district, and regional tax offices of the IRS get your money back today from an IRS bank or wage levy.
We are comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents and managers.
Some of our former IRS agents and managers some have taught out of the IRS Atlanta Regional Training Center.
Facts about Back IRS Owed Taxes
- The Internal Revenue Service issues over 1.8 million bank and wage levies each year.
- The Internal Revenue Service files close to 900,000 federal tax liens each and every year.
- Over 16 million taxpayers failed to file an annual tax return.
- The Internal Revenue Service settles 38% of all who file for IRS tax settlement.
How to Get a IRS Bank or Wage Levy Immediately Released
Being a former IRS agent there is an IRS system to everything.
You should know that the IRS did not want to levy, it may shock you but ,IRS levied because taxpayers did not replied IRS’s final notice, and the IRS is required to follow up systematically by issuing a bank or wage levy.
IRS does not dragnet banks in the area, they actually have kept some of your back records on their computer system so they automatically know where you have banked or worked. They are usually given this information by third parties.
As a general rule those records are kept on IRS’s computer system for seven years.
IRS will required a Financial statement to Release your Bank or Wage Levy
IRS is just looking to collect their back tax debt so they must evaluate each taxpayer according to the financial ability they have to pay the back taxes.
IRS uses their financial statement which is a form 433-F to make their evaluation on a case-by-case basis. You can find his form on our website.
To get an immediate release of an IRS bank or wage levy you will have to completely document form 433F and let IRS review it. Included in the documentation will need to be the last three months of bank statements, copy of all pay stubs, and a copy of all current monthly bills and expenses.
When retaining FST, as a general rule once we have your financial statement with complete documentation and we can generally get your levy release that very day.
Your documentation to your financial statement is your key to getting your bank and wage levy released.
You will need to file back tax returns.
Please keep in mind the Internal Revenue Service is going to want to make sure all your tax returns are filed, current and up-to-date.
We can help to this process. If you have little or few records we can reconstruct your tax returns and make sure they are filed and given to the Internal Revenue Service.
It is best to have the fax number handy of the bank or your employer so once we get your levy released the IRS can directly fax it to the party of interest.
How will IRS settle your case
After Internal Revenue Service reviews your financial statement they will make one of three determinations on your file.
The Internal Revenue Service on a case by case basis after your review of your financial statement will either place you into a:
- currently not collectible file,
- insist that you make a monthly installment agreement, or
- let you know you are a suitable candidate for an offer in compromise or a tax settlement.
Call us today for free initial tax consultation and we can get your bank or wage levy released and work out a tax settlement all at the same time.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Atlanta * IRS Bank, Wage Levy Releases – Get Your Money Back TODAY *Affordable, Tax Attorneys, Former IRS – IRS Back Taxes Help Atlanta
by Fresh Start Tax | Apr 3, 2014 | Tax Help
Affordable professional firm that gets you results!
It only makes sense to hire former IRS agents and managers that know the systems and protocols to get you the IRS tax help you need to solve any IRS problem.
We’ve been in private practice since 1982 and are A+ rated by the Better Business Bureau.
We are comprised of tax attorneys, certified public accountants, and former IRS agents, managers and tax instructors.
Our firm 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.
The most common problem for taxpayers when they need IRS help is generally because the IRS has placed a tax levy on their wages or their bank account or the Internal Revenue Service has sent them an audit letter on their individual or business taxes.
Owing Back Taxes
There are different programs out there if you owe money to the Internal Revenue Service that can get you complete relief from your back tax debt.
Before any determination can be made about resolving your back debt problem, the Internal Revenue Service is going to take a verifiable financial statement on IRS form 433-F. That form must be completely documented and is very wise to make sure you fill it out correctly because they are signed under penalties of perjury. Once IRS reviews your financial statement they will make a determination as to which of three general categories it will close your case.
The Internal Revenue Service after a careful review of your financial statement will either place you into:
- a non-collectible or uncollectible file,
- insist you make a monthly installment payment to them or
- let you know you should contemplate the filing of an offer compromise or a tax settlement. Remember everything is predicated on your financial statement.
To get an immediate release of the levy
To get immediate release of a IRS tax Levy you will need to send IRS a documented 433-F. you should have all documents faxed or sent to the Internal Revenue Service for them to review. When a client retains Fresh Start Tax and have the current financial statement in hand with all documentation we can generally get the levy release within 24 hours.
Tax Audits with the IRS
Tax audits can be very simple or they can be a complete bear.
If you have a very simple tax audit there is nothing wrong with the taxpayer or individual doing their own representation, however if there are issues or skeletons in the closet you would be well suited to hire professional tax representation.
The advantages that you have with Fresh Start Tax is that you actually have a former IRS agent who knows the system represent you during your tax audit. We can help minimize any potential damage or IRS getting into your pocket.
If you have any questions call us today for free initial tax consultation and we can go over the different ways we can help or minimize any danger from the Internal Revenue Service.
IRS Taxes – Help, Levy, Audit, Settlements, Back Tax Problems – Affordable – Dalton, Decatar, Douglasville, Duluth – Tax Attorney, Lawyer
by Fresh Start Tax | Apr 3, 2014 | Tax Help
Energy-Efficient Home Improvements Can Lower Your Taxes
You may be able to reduce your taxes if you made certain energy-efficient home improvements last year.
Some key facts that you should know about home energy tax credits.
Non-Business Energy Property Credit
- This credit is worth 10 percent of the cost of certain qualified energy-saving items you added to your main home last year. This includes items such as insulation, windows, doors and roofs.
- You may also be able to claim the credit for the actual cost of certain property. This may include items such as water heaters and heating and air conditioning systems. Each type of property has a different dollar limit.
- This credit has a maximum lifetime limit of $500. You may only use $200 of this limit for windows.
- Your main home must be located in the U.S. to qualify for the credit.
- Be sure you have the written certification from the manufacturer that their product qualifies for this tax credit. They usually post it on their website or include it with the product’s packaging. You can rely on it to claim the credit, but do not attach it to your return. Keep it with your tax records.
- This credit expired at the end of 2013. You may still claim the credit on your 2013 tax return if you didn’t reach the lifetime limit in prior years.
Residential Energy Efficient Property Credit
- This tax credit is 30 percent of the cost of alternative energy equipment installed on or in your home.
- Qualified equipment includes solar hot water heaters, solar electric equipment and wind turbines.
- There is no dollar limit on the credit for most types of property. If your credit is more than the tax you owe, you can carry forward the unused portion of this credit to next year’s tax return.
- The home must be in the U.S. It does not have to be your main home.
- This credit is available through 2016.
by Fresh Start Tax | Apr 2, 2014 | Tax Help
We are a tax specialty firm that deals with IRS problem resolution.
Since 1982 we have been in private practice and our firm is A+ rated by the Better Business Bureau. We have over 206 years of professional tax experience.
If you need to deal with an IRS problem it only makes sense to hire the most experienced and professional tax firm that you can find for reasonable pricing.
Since 1982 we have been doing just that.
Going to a tax professional can help you minimize the scope of an IRS tax audit. Many times a good tax professional can minimize the audit scope to one year.
For those of you contemplating an IRS tax settlement your should know it is called an offer in compromise, it would be wise for you to walk through the IRS pre-qualifier tool on our website to make sure you are a suitable candidate before you give your money to any firm. A cardinal rule to qualify for offer you must give IRS close to the total equity you have all your assets.
To settle your back tax debt if you owe back taxes to the Internal Revenue Service, you should know that you will need a current financial statement and have all your returns filed before IRS will work with you. IRS will carefully review that financial statement before making a determination ,so make sure your financial statement is accurate
If you are going to need a levy released just like above, you will need a form 433-F along with all documentation to prove that your financial statement is true, accurate and correct.
Once IRS reviews your financial statement to close out your back tax case and release the levy IRS will qualify you for either an economic tax hardship, the tax settlement, or ask you to make a monthly installment payment.
Tax Levy Releases
If you received an IRS tax levy and need of immediate levy release, contact us today and usually within 24 hours of receiving your financial statement we can get your IRS levy released.
Please be advised that if you received a IRS bank levy you have 21 days before the bank sends their money to the Internal Revenue Service. With a wage levy garnishment,a good portion of your paycheck will be sent to the IRS.
We are a tax specialty firm that deals with IRS and state tax resolution on all levels. We are the affordable IRS tax help firm.
Affordable IRS Taxes Help – Audits, Settlements, Back Taxes, Levy Releases * Union City, Suwannee, Stockbridge, Pooler – Tax Lawyer, Tax Attorney
by Fresh Start Tax | Apr 2, 2014 | Tax Help
If you have IRS Problems, it only make sense to hire former IRS Agents and Managers who know all the systems.
We were Former IRS Instructors who worked out of the Atlanta Regional Training Center.
After 60 years of combined IRS work experience we understand IRS the systems and IRS protocols on how to deal with IRS at all levels.
From simple notices and letters to and including going to Tax Court we have seen most everything, however we are often surprised.
Releases of the Federal Tax Levy
The IRS only sends out a federal tax levy after IRS notices and letters are ignored.
IRS will send either a bank levy or a wage garnishment levy within six weeks after sending their final notice.
If you have received a bank or a wage levy know that the internal revenue service will not release the levy until they have a verifiable financial statement which needs to be on form 433-F.
That financial statement must be fully verified and documented along with bank statements, pay stubs and proof of all expenses.
Once IRS receives your financial statement, IRS will make a determination on how to close your case and issue you an immediate release of the federal tax levy.
As a general rule, IRS will either put your case based on the financial statement into an economic tax hardship, require monthly installment agreements, or let you know you’re a candidate for a tax settlement called an offer in compromise.
The IRS send you an audit notice
Did the internal revenue sense you a notice of a federal tax audit?
You are less than 1% of all taxpayers.
IRS audits .088% of all taxpayers. If you have received an IRS tax audit notice contact us today to speak directly to a former IRS audit manager or agent who knows the system we can set up your best tax defense.
IRS settlements are called offers in compromise.
The Internal Revenue Service accepts 38% of all offers in compromise is filed.
Before you go ahead and start trying to compromise your tax debt you must be a qualified and suitable candidate.
IRS has a pre-qualifier tool that anyone can walk through to see if they qualify for a settlement program.
Before you give your money to any third party you should make sure you are a suitable and acceptable candidate so you don’t waste your money.
The writer of this blog is a former IRS revenue officer who both worked and taught the offer program at the regional training center in Atlanta.
You can call us today for free tax evaluation and we will tell you the truth about your case.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
Tax Help IRS, Tax Levy, Audit, Settlements, Back Taxes – AFFORDABLE – Roswell, Sandy Springs, Buckhead, Chamblee – Tax Attorneys, Lawyers
by Fresh Start Tax | Apr 2, 2014 | Tax Help
The Internal Revenue Service today reminded taxpayers who turned 70½ during 2013 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Tuesday, April 1, 2014.
The April 1 deadline applies to owners of traditional IRAs but not Roth IRAs.
Normally, it also applies to participants in various workplace retirement plans, including 401(k), 403(b) and 457 plans.
The April 1 deadline only applies to the required distribution for the first year. For all subsequent years, the RMD must be made by Dec. 31.
So, for example, a taxpayer who turned 70½ in 2013 and receives the first required payment on April 1, 2014 must still receive the second RMD by Dec. 31, 2014.
Affected taxpayers who turned 70½ during 2013 must figure the RMD for the first year using their life expectancy on Dec. 31, 2013 and their account balance on Dec. 31, 2012. The trustee reports the year-end account value to the IRA owner on Form 5498 in Box 5. Worksheets and life expectancy tables for making this computation can be found in the Appendices to Publication 590.
Most taxpayers use Table III (Uniform Lifetime) to figure their RMD. For a taxpayer who turned 71 in 2013, for example, the first required distribution would be based on a life expectancy of 26.5 years.
A separate table, Table II, applies to a taxpayer married to a spouse who is more than 10 years younger and is the taxpayer’s only beneficiary.
Though the April 1 deadline is mandatory for all owners of traditional IRAs and most participants in workplace retirement plans, some people with workplace plans can wait longer to receive their RMD. Usually, employees who are still working can, if their plan allows, wait until April 1 of the year after they retire to start receiving these distributions. See Tax on Excess Accumulations in Publication 575. Employees of public schools and certain tax-exempt organizations with 403(b) plan accruals before 1987 should check with their employer, plan administrator or provider to see how to treat these accruals.
The IRS encourages taxpayers to begin planning now for any distributions required during 2014. An IRA trustee must either report the amount of the RMD to the IRA owner or offer to calculate it for the owner.
Often, the trustee shows the RMD amount in Box 12b on Form 5498. For a 2014 RMD, this amount would be on the 2013 Form 5498 that is normally issued in January 2014.
