by Fresh Start Tax | Feb 13, 2014 | Tax Help
IRS, State Tax Audits, Back Taxes Problems
We are one of Florida’s most affordable professional tax firms when it comes to IRS and state tax representation.
Our staff is filled with tax professionals in every area in both IRS and state tax representation.
We have a boutique firm that can end your IRS and state sales tax problems.
If you have any outstanding issues with the Internal Revenue Service or the state of Florida, whether you have on unfiled tax returns or your experiencing a IRS federal or state tax audit contact us today for free initial tax consultation and you can speak directly to a professional tax expert.
On staff are tax attorneys, certified public accountants, former IRS agents and state of Florida tax auditors.
You will speak to the person that best suits your needs.
Due to our years of experience in both the federal and state level we understand all the methods, all the techniques, of the settlement formulas, and the fastest and most affordable way to end your back tax problem.
Tax Tips on Tax Audits
Taxpayers are audited by the Internal Revenue Service and the state of Florida for many reasons.
You are a bit unlucky if you are experiencing an IRS or state tax audit because both agencies only audit 1% of all taxpayers.
There are a myriad of reasons why taxpayers are audited by the Internal Revenue Service and the state of Florida.
Many times taxpayers are turned in to the IRS or State of Florida because of former employees, spouses or people who just are plain than vindictive.
Other times, taxpayers fall out of the normal ranges in the computers automatically generate IRS and state tax on its.
Other reasons are listed below;
1. Front Loaded Programs
These programs are those activities Headquarters has determined are of such importance time must be allocated to them before resources are committed to other activities. The PSP Territory Manager will discuss this time with the Area Director and Territory Managers responsible for these programs to ensure the examination plan response shows the correct time allocations.
Examples of these programs are as follows:
2. National Research Program
3. Abusive Transaction (AT) Promoters
4. Offshore Compliance Initiative
5. Abusive Transactions (Offshore AT and Domestic AT)
6. High Income/High Wealth (HIHW) Taxpayers
7. High Income Non Filers (HINF)
8. Special Enforcement Program (SEP)
Note: if you have a very clean tax returns there is nothing wrong with the taxpayer going in unrepresented to the Internal Revenue Service or the state of Florida however if you have any skeletons in the closet it only makes sense to hire an affordable tax firm.
Contact us today we are A+ rated by the Better Business Bureau
IRS, State Tax Audits, Back Tax Problem – Affordable Experts – Fernandina Beach, St. Augustine, Green Cove Springs – Florida Sales Tax
by Fresh Start Tax | Feb 12, 2014 | Tax Help
If you are struggling with IRS or sales tax problems contact us today for free initial tax consultation speak directly to a tax professionals.
We can handle all IRS and state tax problems.
We are comprised of tax attorneys, certified public accountants, former IRS agents, former State of Florida sales tax agents and IRS appellate agents to help with any tax issues that you may have any federal or state tax matter.
We are the affordable tax experts.
We have been practicing in Florida since 1982 and we are A+ rated by the Better Business Bureau.
We have represented countless number of Floridians over the last 35 years.
Being federal and state tax agents we know all the issues, systems, settlement there is, and settlement solutions to make this a smooth as possible for your client.
Why does the Internal Revenue Service and the state of Florida audit tax returns.
There are many reasons why the IRS in the state of Florida on its tax returns. approximately 1% of all tax returns are audited by both the federal and state governments. please find below a list of a few reasons why your tax return may be pulled for the tax audit.
Front Loaded Programs
These programs are those activities Headquarters has determined are of such importance time must be allocated to them before resources are committed to other activities.
The PSP Territory Manager will discuss this time with the Area Director and Territory Managers responsible for these programs to ensure the examination plan response shows the correct time allocations.
Examples of these programs are as follows:
- National Research Program
- Abusive Transaction (AT) Promoters
- Offshore Compliance Initiative
- Abusive Transactions (Offshore AT and Domestic AT)
- High Income/High Wealth (HIHW) Taxpayers
- High Income Non Filers (HINF)
- Special Enforcement Program (SEP)
Remember this is only a few reasons why you may be audited by the Internal Revenue Service or Florida sales tax.
It is also possible that you have been turned in by a third-party, former employee or spouse regarding the condition of your tax records.
Remember, both the federal and state governments understand what the averages are on all personal and business tax returns as far as expenses go.
If you have a clean tax return you should represent yourself, if you have any skeletons in your closet whatsoever you should hire a professional tax firm.
What your chances of a tax audit? , approximately 1%.
by Fresh Start Tax | Feb 12, 2014 | Tax Help
Florida’s Affordable IRS, Sales Tax Audits Help
We are one of Florida’s most affordable IRS and Sales tax experts. we have been practicing since 1982 and have over 206 years professional tax experience.
We are A+ rated by the Better Business Bureau.
You can call us today for free initial tax consultation and we can help you through your IRS or sales tax audit.
Being former IRS and sales tax auditors we can tell you the exact methods and means that both the federal and state government will use to audit your back federal or State sales tax returns.
We can help minimize the risk due to our 78 years of government experience.
With our free initial tax consultation you will be able to determine your own risk and the best way to handle the tax audit situation you currently have.
Why was my return selected for audit?
When returns are filed, they are compared against “norms” for similar returns. The “norms” are developed from audits of a statistically valid random sample of returns.
These returns are selected as part of the National Research Program which the IRS
State conducts to update return selection information.
The return is next reviewed by an experienced auditor.
At this point, the return may be accepted as filed, or if based on the auditor’s experience questionable items are noted, the agent will identify the items noted and the return is forwarded for assignment to an examining group.
Upon assignment to a group, the return is reviewed by the manager.
Items considered in assigning a case are: factors particular to the area such as issues pertaining to construction, farming, timber industry, etc. that have specific factors and rules that apply.
Based on the review, the manager can accept the return or assign the return to an auditor.
The assigned auditor again reviews the return for questionable items and either accepts it as filed or contacts the taxpayer to schedule an appointment.
Both the state of Florida and the IRS audits tax return must stay in there budgets when auditing tax returns. Only curtain numbers of returns are selected for tax audits.
Florida’s Affordable IRS, Sales Tax Audits Help – Crestview, Milton, Pensacola, DeFuniak Springs – Back Tax Problems
by Fresh Start Tax | Feb 12, 2014 | Tax Help
Office in the Home Tax Deduction
Lets make this a simple as we can.
The automated IRS services can also help home-based businesses check out the new simplified option for claiming the home office deduction, a straightforward computation that allows eligible taxpayers to claim $5 per square foot, up to a maximum of $1,500, instead of filling out a 43-line form (Form 8829) with often complex calculations.
Office in the Home Tax Deduction Made Easy, Former IRS
by Fresh Start Tax | Feb 12, 2014 | Tax Help
Facts and Figures of Tax Returns
1. The IRS expects to receive more than 148 million individual tax returns this year, and more than four out of five returns are now filed electronically.
2. About three out of four filers typically get refunds, and the IRS issues more than nine in ten of these refunds in less than 21 days.
3. Last year, taxpayers received an average refund of $2,744. E-file, when combined with direct deposit, is the fastest way to get a refund.
4. More than three out of four refund recipients now choose direct deposit.
by Fresh Start Tax | Feb 12, 2014 | Tax Help
The Earned Income Tax Credit
Four out of five eligible workers claim EITC, but the IRS wants every eligible worker to claim and get this credit.
Here are some things the IRS wants you to know about this important credit:
Your eligibility.
If you worked and earned under $51,567, you may be eligible for EITC.
If your financial or family situation has changed, you should review the EITC eligibility rules.
You might qualify for EITC this year even if you didn’t in the past. Workers who qualify for EITC must file a federal income tax return and specifically claim the credit to get it, even if they do not have a requirement to file a return.
Know the rules.
Before claiming EITC, you need to understand the rules to be sure you qualify. It’s important to get it and get it right.
There are several factors to consider:
- Your filing status can’t be Married Filing Separately.
- You must have a valid Social Security number for yourself, your spouse if married, and any qualifying child listed on your tax return.
- You must have earned income. Earned income includes earnings such as wages, self-employment and farm income.
- You may be married or single, with or without children to qualify. If you don’t have children, you must also meet age, residency and dependency rules.
- If you are a member of the U.S. Armed Forces serving in a combat zone, special rules apply.
Lower your tax or get a refund.
The EITC reduces your federal tax and could result in a refund. If you qualify, the credit could be worth up to $6,044.
The average credit was $2,355 last year.
If you are a member of the U.S. Armed Forces serving in a combat zone, special rules apply.
Earned Income Tax Credit – What is it and what you need to Know, Former IRS
