Tax Negotiation Experts – Tax Attorneys, Former IRS Agents

by Fresh Start Tax | Aug 28, 2013 | Tax Help

There are many companies on the Internet today who claim to be tax negotiation experts.   I ask you to check those professional credentials out carefully.
Fresh Start Tax  LLC is a firm of nationwide experts and we are comprised of tax attorneys, tax lawyers, certified public accountants, former IRS agents managers and tax instructors.
We have over 300 years of federal tax experience and over 60 years of directly working for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
When working for the IRS we were tax negotiators so we know the strategies  and settlement formulas for tax negotiations.
While at the Internal Revenue Service we taught tax law.
Also on staff is a former IRS appeals federal mediator/ negotiator for the Internal Revenue Service.
We literally have worked thousands of cases and are experts tax negotiations.
We  have been in private practice since 1982 in are A+ rated by the Better Business Bureau.
You can contact us today for a free initial tax consultation on any IRS problem or situation. We are true experienced tax negotiation experts.
 

Two programs that allow taxpayers and the IRS to reach agreement

 
The Internal Revenue Service has two permanent  programs that allow taxpayers and the IRS to reach agreement on tax disputes more quickly.
 
CASE ELIGIBILITY AND EXCLUSIONS
FTM is generally available for all non-docketed cases and collection source work over which SB/SE has jurisdiction, including  offer in compromise (OIC), trust fund
recovery penalty (TFRP) and collection due process (CDP) cases.
FTM is generally not available for issues for which resolution will depend on an assessment of the hazards of litigation and which require the FTM Appeals Official to use delegated settlement authority.
 Fast Track Mediation program.
This program gives small businesses, self-employed taxpayers and the IRS the opportunity to mediate disputes through an IRS appeals officer, who acts as a neutral party. In this program, most tax disputes are resolved within 40 days compared to several months though the regular appeal process.
Since June 2002, more than 200 cases have been mediated – with 100 percent resolution in more than half of those cases.
Makes permanent the Fast Track Settlement program. The program enables the IRS to resolve tax disputes with large and mid-size businesses at an earlier stage – often within a much shorter time than through the normal audit and appeal processes. The Fast Track Settlement pilot program became available for large and mid-size businesses on November 14, 2001, with the goal of reaching settlement with taxpayers within 120 days. By May 31, 2003, IRS and 104 large and mid-size business taxpayers had successfully settled through the pilot program, in an average time of 69 days, just over half of the expected time.
Creates the pilot Fast Track Mediation program for Tax Exempt Bonds. This will allow the IRS and issuers of tax exempt bonds to expedite the resolution of cases more quickly than through the standard appeals process.
 

Tax Negotiation Experts – Tax Attorneys, Former IRS Agents

Selling Your Home – Tax Tips – Former IRS

by Fresh Start Tax | Aug 27, 2013 | Tax Help

Selling Your Home – Tax Tips
Fresh Start Tax provides Tips for Individuals Selling Their Home
If you’re selling your main home  sometime this year, the IRS has some helpful tips for you.
Even if you make a profit from the sale of your home, you may not have to report it as income.
 

Selling Your Home – Tax Tips – Former IRS

 
Tax Tips
1. If you sell your home at a gain, you may be able to exclude part or all of the profit from your income. This rule generally applies if you’ve owned and used the property as your main home for at least two out of the five years before the date of sale.
2. You normally can exclude up to $250,000 of the gain from your income ($500,000 on a joint return). This excluded gain is also not subject to the new Net Investment Income Tax, which is effective in 2013.
3. If you can exclude all of the gain, you probably don’t need to report the sale of your home on your tax return.
4. If you can’t exclude all of the gain, or you choose not to exclude it, you’ll need to report the sale of your home on your tax return. You’ll also have to report the sale if you received a Form 1099-S, Proceeds From Real Estate Transactions.
5. Use IRS e-file to prepare and file your 2013 tax return next year. E-file software will do most of the work for you. If you prepare a paper return, use the worksheets in Publication 523, Selling Your Home, to figure the gain (or loss) on the sale. The booklet also will help you determine how much of the gain you can exclude.
6. Generally, you can exclude a gain from the sale of only one main home per two-year period.
7. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is usually the one you live in most of the time.
8. Special rules may apply when you sell a home for which you received the first-time home buyer credit.
9. You cannot deduct a loss from the sale of your main home.
10. When you sell your home and move, be sure to update your address with the IRS and the U.S. Postal Service. File Form 8822, Change of Address, to notify the IRS.
 

Owe IRS Excise Tax, Excise Tax Audits – Hire Affordable Former IRS – Experts

by Fresh Start Tax | Aug 27, 2013 | Tax Help

If you owe the Internal Revenue Service excise tax or you’re going through an excise tax audit contact us today to hire or  engage former IRS agents and managers to defend you before the Internal Revenue Service.
We are tax experts who both worked in the collection division and the audit division.
You should also know that excise tax audits  require certain specialization skills. As former IRS agents we know all the systems, the protocols, and all the tax details involved to handle and to get you your very best tax tax defense. While at IRS we taught tax law.
What are Excise Taxes and important information.
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product.
There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs.
One of the major components of the excise program is motor fuel.
 

Various Fuel Tax Credits Extended:

 
Here Are Special Instructions On How To Report
The American Taxpayer Relief Act, enacted Jan. 2, 2013, retroactively extends certain fuel tax credits that expired at the end of 2011.
These include the biodiesel mixture credit, biodiesel credit, alternative fuel credit and alternative fuel mixture credit. Generally, eligible taxpayers can now claim these credits on their federal excise tax returns, and if the credits exceed their excise tax liability, the excess can be claimed as a refund or income tax credit.

Indoor Tanning Service Providers Must File a Federal Excise Tax Return

Beginning July 1, 2010, indoor tanning services will be subject to a 10 percent excise tax under the Affordable Care Act. Filing your Excise Tax return.
Directors Directive on Announcement 2008-18, FET Compliance Initiative
This Directive provides guidance to examiners auditing taxpayers participating in the voluntary compliance initiative (Announcement 2008-18) regarding foreign insurance excise tax (FET) under IRC 4371- 4374.

Excise Summary Terminal Activity Reporting System (ExSTARS)

 
ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, states, and motor fuel industry, which details the movement of any product into or out of an IRS approved terminal.
A facility control number (FCN) designates a storage location within the motor fuel, or renewable fuel production or the bulk transfer / terminal system. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010.
Excise Tax Electronic Data Interchange (EDI) Guides (Pub. 3536)
Terminal Operators and Bulk Carriers refer to Publication 3536 for EDI filing requirements.
637 Registration Program
Under the Code and regulations, each person that engages in certain specified activities relating to excise tax must be registered by the IRS before engaging in that activity.
Online Form 637 Registration Status Check
This Web application provides the ability for businesses to confirm whether individuals/companies have a valid IRS registration.

Exemption From Excise Tax for Certain Wooden Arrows

On Friday, October 3, 2008, P.L. 110-343 (H.R. 1424), the Emergency Economic Stabilization Act of 2008 (Act), also known as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008, was signed into law by the President. The Act includes a key provision in Title V, Section 503 that impacts the Archery federal excise tax.
Field Directive Federal Excise Tax on the Importation and Manufacture of Fishing and Archery Products
This updates the field directive that discusses the Federal Excise Tax on the importation and manufacture of fishing and archery products.
Idling Reduction Devices Exempt from 12% Retail Excise Tax
The Environmental Protection Agency’s (EPA) list of devices that reduce highway tractor idling is now available. These devices may be exempt from the 12 percent retail excise tax provided they meet the criteria set forth in section 4053(9) of the Internal Revenue Code.
 

Owe IRS Excise Tax, Excise Tax Audits – Hire Affordable Former IRS –  Experts

IRS Bank Levy Notice Help – We get Results – Jacksonville, Tampa, Orlando

by Fresh Start Tax | Aug 26, 2013 | Tax Help

 
 
We are Former IRS agents and Managers who know the system.
IRS Bank Levy Notice Help – Process for IMMEDIATE REMOVALS of the IRS Levy 1-866-700-1040
IRS files over 3 million levies a year. You are not alone.
The good news here, the bank is holding your money for 21 days, your money is just frozen.We can get you Bank Levy Released and settle your case.
If you have received an IRS bank levy notice there is a process to get immediate release or removal from the IRS bank levy.
If you need to get an immediate release of a bank levy notice or a wage garnishment by the Internal Revenue Service contact us today and speak directly to tax attorneys, tax lawyers, certified public accountants or former IRS agents and managers.
We can get your IRS bank notice Levy released or removed and settle your tax debt with the Internal Revenue Service.
We 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.
We also taught tax law at the Internal Revenue Service and were instructors of new IRS agents.
We know the exact protocol and tax strategies that needs to be employed to get immediate releases of the IRS bank levy. While employed at the Internal Revenue Service we issued thousands of IRS bank levies so it would only make sense that we would know the process of releasing or removal process
We have got hundreds upon hundreds of immediate release on a the IRS bank levy notice.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982. We have 206 years a professional tax experience in dealing with the Internal Revenue Service.
 

The Good News, the Holding Period for the IRS Bank Levy Notice

 
The IRS cannot immediately take your money out of a financial institution.
There is a freeze or holding period on the Bank Levy Notice.
A bank must wait 21 calendar days after a levy is served before sending payment.
Then, on the next business day, it must turn over the taxpayer’s money.
The Internal Revenue Service gives the taxpayer 21 days to contact the Service and work out an agreeable plan to get the levy released.
It is critical that the taxpayer send or fax to IRS a current financial statement along with all documentation to start the process to get immediate release of the IRS bank levy notice.
If you can do this on the day you get the bank levy notice you can be eligible for immediate release of the bank levy notice.
Please Note – This financial statement is a form 433-F. That form must be completed and sent to the Internal Revenue Service. You can find this form on our website.
The Exact Process of getting a Immediate release of a IRS Bank Levy Notice
There is a very exact system to get immediate release of a IRS bank levy notice.
As a general rule, the Internal Revenue Service has sent out three or four tax notices or bills to the taxpayer or business who has not responded to the final notice.
That final notice describes the information regarding the seizure action that the IRS considered on your case.
In many cases because the taxpayers have moved and they have never received the final notices from the Internal Revenue Service. According to the Internal Revenue Service is the taxpayer’s responsibility to advise the service of any changes in addresses.
The next step is for the CADE2 computer system which is the IRS enforcement computer to systemically issue either a bank levy freeze or a wage garnishment notice to the taxpayers employer. No human hand ever touches the levy.
Before the Internal Revenue Service will release a bank levy freeze/notice or a wage garnishment the Internal Revenue Service will need a current financial statement to determine how to close the case within their system.
IRS will evaluate each taxpayer’s ability to pay after it receives a fully documented financial statement. The faster you get the financial information to the Internal Revenue Service the faster you will get the IRS bank levy notice release.
The IRS will then determine which of the three closing method best suits the taxpayer based on their current financial statement.
Once the taxpayer agrees to the closing method that the IRS suggests the agent working the case will send an immediate release of the bank levy freeze to the financial institution.
It should be known that the taxpayer has a right at any time to appeal the closing method that IRS suggests.
As a general rule the Internal Revenue Service will close the case one of three ways and Release the Levy
IRS may recommend that you should be eligible for:
1. economic tax hardship and place you into a currently not collectible file,
2. they may determine that you should be able to make current installment payments, or
3. they may decide that you are a suitable candidate for an offer in compromise.
Call us today to get immediate bank levy notice help.
 

IRS Bank Levy Notice Help – Jacksonville, Tampa, Orlando

IRS Tax Deductions – Students, Parents, College Tips

by Fresh Start Tax | Aug 23, 2013 | Tax Help

Going to college can be a stressful time for students and parents.
Here are some helpful tax tips that you may be able to use to lower your income tax.
You can contact us today to learn more or have your tax return prepared by former IRS agents and managers.
 American Opportunity Tax Credit.
This credit can be up to $2,500 per eligible student. The AOTC is available for the first four years of post secondary education. Forty percent of the credit is refundable. That means that you may be able to receive up to $1,000 of the credit as a refund, even if you don’t owe any taxes.
Qualified expenses include tuition and fees, course related books, supplies and equipment. A recent law extended the AOTC through the end of Dec. 2017.
Lifetime Learning Credit.
With the LLC, you may be able to claim up to $2,000 for qualified education expenses on your federal tax return. There is no limit on the number of years you can claim this credit for an eligible student.
You can claim only one type of education credit per student on your federal tax return each year.
If you pay college expenses for more than one student in the same year, you can claim credits on a per-student, per-year basis. For example, you can claim the AOTC for one student and the LLC for the other student.
You can use the IRS’s Interactive Tax Assistant tool to help determine if you’re eligible for these credits. The tool is available at IRS.gov.
 Student loan interest deduction.
Other than home mortgage interest, you generally can’t deduct the interest you pay. However, you may be able to deduct interest you pay on a qualified student loan.
The deduction can reduce your taxable income by up to $2,500. You don’t need to itemize deductions to claim it.
These education benefits are subject to income limitations and may be reduced or eliminated depending on your income.
To learn more tax saving tips contacts fresh start tax today and have  your tax return prepared by Former IRS agents assure that you are paying the lowest amount of tax allowed by law.
 

IRS Tax Deductions – Students, Parents, College Tips