by Fresh Start Tax | Sep 12, 2012 | Florida Sales Tax, IRS Tax Audit, Sales Tax, Tax Help
IRS & State Tax Audit Help & Defense – Former IRS Agents – Affordable – Miami, Ft.Lauderdale, Palm Beaches – Tax Experts 954-492-0088
We are comprised of tax attorneys, CPAs and former IRS agents and managers who worked out of the cell floor Internal Revenue Service offices.
We were over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional offices of the Internal Revenue Service.
We are A+ rated by the BBB.
If you are having a IRS or a State of Florida Tax Audit and need to hire tax experts in Tax Audit and Tax Defense it only makes sense to hire true tax professionals who worked for the IRS and know the rules and laws of the State of Florida to represent your best interest
We can save you money and worry!
We taught Tax Law at the IRS and have on staff Former IRS Audit Managers and Former IRS Appeals Agents.
We have over 60 years of direct working experience with the IRS in the local, district and regional offices of the right here in South Florida.
You can call our office for a no cost professional consultation. 954-492-0088.
It is important to know that we have handled hundreds and hundreds of tax audits since 1982.
Each tax audit is different. Being Former IRS agents we will have a complete understanding on how to get these audits over as fast as possible and save you monies.
We also have on staff a Former IRS Appeals Agent that reviews each case to prepare for a tax appeal if necessary.
How Are Taxpayers Selected for a IRS or State Tax Audit?
The methods for selecting a business or individual to audit vary from agency to agency and tax to tax. Here are some examples of sources both the IRS and State of Florida use to identify a potential audit candidate:
- Internal Revenue Service information swapped to the State of Florida,
- Information sharing programs with other states and state agencies.
- Computer-based random selection.
- The DIF score is the number reason of a tax audit. The DIF score means that your tax return fell out the the national averages to certain targeted items,
- Analysis of Florida tax return information and past IRS tax returns.
It is important to know that there are statutes of limitations for both the IRS and State. There is a limit on how far each Agency can go back and examine tax returns.
Call us for more details. 954-492-0088.
We are one of the finest professional tax firms for IRS and State of Florida Tax Audit Help Defenses.
IRS & State Tax Audit Help & Defense – Former IRS Agents – Affordable – Miami, Ft.Lauderdale, Palm Beaches – Tax Experts
by Fresh Start Tax | Sep 9, 2012 | Representation, Tax Help
If you need to get your back or prior years tax return there is a very simple way to acquire this information.
Top Tips on How to get Back or Prior years Tax Returns:
Tax Return Requests – Cost $57
If you need an actual copy of a previously filed and processed tax return, it will cost $57 for each tax year you order. IRS always stick it to us.
You must complete Form 4506, Request for Copy of Tax Return, and mail it to the IRS address listed on the form for your area.
Remember send it only to the address found on the form, it can change from year to year.
Copies are generally available for the current year and past six years. If you need to go back further you are usually out of luck
To get copies over the telephone
You can get copies of your back or prior years federal tax return via the web, phone or by mail. Call 1-800-829-1040. this will take time, do not do this if you are in a rush.
A Tax Transcript:
Please Note – Tax Transcripts are free and are available for the current and past three tax years.
A tax return transcript shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules.
Important Note :
It does not reflect any changes made after the return was filed.
A tax account transcript shows any later adjustments either you or the IRS made after you filed your tax return. This transcript shows basic data including marital status, type of return filed, adjusted gross income and taxable income.
Online Directions
To request either type of transcript online, go to IRS.gov and use the online tool called Order A Transcript.
To order a tax transcript by phone, call 800-908-9946 and follow the prompts in the recorded message.
To request a 1040, 1040A or 1040EZ tax return transcript through the mail, complete IRS Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript.
Businesses, partnerships and individuals who need transcript information from other forms or need a tax account transcript must use Form 4506-T, Request for Transcript of Tax Return.
If you order online or by phone, you should receive your tax return transcript within five to 10 days from the time the IRS receives your request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail.
Call us today if you professional tax representation. 1-866-700-1040.
by Fresh Start Tax | Sep 5, 2012 | Tax Help, Uncategorized
Why not have Former IRS Agents, Managers and Instructors provide your tax service. Why would you use anyone else?
We can save you tax dollars because of our working knowledge of the many tax laws and the applications to your particular tax return.We taught Tax Law at the IRS.
We find tax deductions others will never find. We can audit proof your tax return.
Free tax consult – 954-492-0088
Our team of tax professionals have prepared thousands of tax returns and we understand the standards that IRS uses as well as having a knowledge of the DIF system that is in place and used by the IRS to pull tax returns for a tax audit.
We are staffed with Board Certified Tax Attorneys, CPA’s and Former IRS Agents.
We are affordable, friendly and we are experienced.
We have over 60 years of direct work experience in the local, district and regional offices of the South Florida IRS.
At Fresh Start Tax L.L.C. we have a wide range of tax services we offer.
Our Tax Services at Fresh Start Tax LLC include:
Accounting
Tax Planning
Bookkeeping
IRS Problem Resolution
Financial Planning
Estate and Trust Fund Planning
Incorporation
New Business Adviser
Payroll
Compilation of Financial Statements
Income Tax Preparation Service
Tax Preparation Help
Federal Income Tax Return
1040 Tax Return
State Tax Returns
Why IRS Audit of Tax Returns
Tax returns are selected for audit based on the following criteria:
1. High DIF Score .
An IRS numeric score (“DIF Score”) is assigned to taxpayers (by a computer program called the Discriminant Income Function). A high DIF Score portends a tax audit.
2. Third Party Information Reporting.
Third party information, (e.g., Forms 1099, W-2), does not match tax return information.
3. Third Party Sources.
Tax returns audited based on third party source information on inaccurate tax filings, non- compliance with tax laws. Third party sources include: media, public records or informants.
by Fresh Start Tax | Aug 29, 2012 | FBAR, Tax Help, Tax Lawyer
FBAR is the new beast of the Internal Revenue Service.
This reporting form has been a wake up call those taxpayers and persons required to file FBAR reports. It is critical to those needing to file back tax returns to get to work and make sure you have full tax representation before engaging the Internal Revenue Service.
Call us today to hear more about filing and amending FBAR and back tax returns. 1-866-700-1040. Speak to tax attorneys, tax lawyers and former IRS Agents. We are your FBAR tax experts and resource center for FBAR Help.
Information about FBAR
What is the FBAR?
The FBAR is not a tax return.
FBAR is a report filed with the IRS stating that the person filing has a financial interest in, or signatory authority over, financial accounts in a foreign country with an aggregate value exceeding $10,000 at any time during the taxable year, remember that is a aggregate value.
As part of the FBAR reporting requirement, persons or individuals are instructed to indicate on their Form 1040, Schedule B, Part III whether the individual has an interest in a financial account in a foreign country by checking “Yes or “No” in the appropriate box.
The Schedule B will then direct the taxpayer ( individuals ) to the FBAR, which is used to report a financial interest in or authority over bank accounts in a foreign country.Call us if you are not sure about the foreign country application.
The deadline for filing an FBAR for each calendar year is on or before June 30th the following year, no later dates are given.
The FBAR is not attached to the taxpayer’s individual income tax return.
It is therefore not subject to the stringent disclosure restrictions of Internal Revenue Code and the information contained in the FBAR can be shared with other Federal, State and government agencies, other local agencies and authorities.
The instructions to the FBAR explain how tax compliance with the federal statute is accomplished and sets forth the details and the required information and those person(s) obligated to comply with the FBAR reporting requirements as prescribed under the code.
How to amend your FBAR.
Taxpayers or individuals who have previously filed a FBAR form can amend a previously filed FBAR by doing the following:
1. Checking the Amended box in the upper right-hand corner of the first page of the form,
2. Making the needed additions or corrections,
3. Stapling it to a copy of the original FBAR,
4. Attaching a statement explaining the additions or corrections.
Call us today to speak directly to tax attorneys, tax lawyers and former IRS agents who are tax experts in FBAR and all other IRS matters.
Call at 1-866-700-1040. Free tax consults.
by Fresh Start Tax | Aug 23, 2012 | FBAR, Tax Help, Tax Lawyer
FBAR – London England – Tax Attorneys, Former IRS – FBAR Tax Help Criminal, Civil Representation.
Stop the worry, call us today to hear the truth. 1-866-700-1040.
As former IRS Agents, Managers and instructors, we know all the IRS will do and how they will handle your case.
We a professional tax firm specializing in FBAR and Expatriate Tax Help.
We are staffed with Tax Attorneys, Lawyers, CPA’s and Former IRS Agents.
We taught tax law at the IRS and are Experts in FBAR tax law.
Call us for a no cost professional tax consultation. 1-866-700-1040.
Attorney-client privileged offered for potential criminal cases. We have a number of clients we are now servicing in London, England. Video Skype is available.
The Internal Revenue Service is receiving over $500 million dollars to ramp up there overseas funding, non-filer programs and the computer systems just to name a few programs to help run down taxpayers who have compliance and non filer issues.
Many taxpayers are unaware a problem may even exist. If you should have a situation that needs to be addressed, call us for a no cost consult and speak directly to a tax professional. 1-866-700-1040.
FRAR requirements as prescribed by the Internal Revenue Service.
FBAR – Foreign Bank and Financial Accounts (FBAR)
Some basic facts about FBAR:
American citizens and residents who have a financial interest or authority over a foreign bank account, brokerage account, mutual fund, unit trust and/or other financial account(s), with an aggregate value in excess of $10,000 at any time during the year, must file a report of those account(s), even though the account(s) produce(s) no taxable income.
Where to report the FBAR information
The FBAR information should be shown by checking box 7a and b on Form 1040, Schedule B, as well as filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).
Important note to filers: The FBAR is not to be attached to your Federal income tax return. it will get lost and the IRS may penalize you for failure to file.
There is no extension available for filing the FBAR and it must be received in Detroit, Michigan by June 30th to be considered timely filed. No if and’s, or buts
Mailing FBAR Instructions
Mail directly to:
U.S. Department of the Treasury
P.O. Box 32621
Detroit, Michigan 48232-0621 U.S.A.
Courier Delivery :
IRS Enterprise Computing Center
ATTN: CTR Operations Mail room, 4th Floor
985 Michigan Avenue
Detroit, Michigan 48226 U.S.A.
Telephone: [+1] (313) 234-1062
Feel free to call us for the next update on the latest for tax amnesty programs.
FBAR , London England, Tax Attorneys, Lawyers, Former IRS, FBAR Tax Help, Criminal, Civil Tax Representation 1-866-700-1040
by Fresh Start Tax | Aug 20, 2012 | Tax Help, Tax News
Charitable contributions can play an important role in decreasing your tax liability.Know the tax law before taking these deductions.
It is important you know the tax law to get the very most out of the possible tax savings for charitable contributions.
Contributing money and property are ways that you can support a charitable cause, and in order for your donation to be tax-deductible, certain conditions must be met.
Top Tax Tips:
1. Tax-exempt status.
Tax contributions must be made to qualified charitable organizations to be deductible. Ask the charity about its tax-exempt status, or look for it on IRS.gov in the Exempt Organizations Select Check, an online search tool that allows users to select an exempt organization and check certain information about its federal tax status as well as information about tax forms an organization may file that are available for public review.
This particular search tool can also be used to find which charities have had their exempt status automatically revoked.
2. Itemizing charitable contributions.
IMPORTANT _ Charitable contributions are deductible only if you itemize deductions using Form 1040, Schedule A.
3. Fair market value. ( tax audit potential )
Cash contributions and the fair market value of most property you donate to a qualified organization are usually deductible. Special rules apply to several types of donated property, including cars, boats, clothing and household items.
If you receive something in return for your donation, such as merchandise, goods, services, admission to a charity banquet or sporting event only the amount exceeding the fair market value of the benefit received can be deducted.
4. Records to keep for tax deductions.
You should keep good records of any donation you make, regardless of the amount. All cash contributions must be documented to be deductible even donations of small amounts.
A cancelled check, bank or credit card statement, payroll deduction record or a written statement from the charity that includes the charity’s name, contribution date and amount usually fulfill this record-keeping requirement. IRS can go back three years on most tax returns.
5. Large donations.
All contributions valued at $250 and above require additional documentation to be deductible. For these, you should receive a written statement from the charity acknowledging your donation.
The statement should specify the amount of cash donated and/or provide a description and fair market value of the property donated.
It should also say whether the charity provided any goods or services in exchange for your donation. If you donate non-cash items valued at $500 or more, you must also complete a Form 8283, Non-cash Charitable Contributions, and attach the form to your return.
If you claim a contribution of non-cash property worth more than $5,000, you typically must obtain a property appraisal and attach it to your return along with Form 8283.
6. Timing.
If you pledge to donate to a qualified charity, keep in mind that for most taxpayers contributions are only deductible in the tax year they are actually made. For example, if you pledged $500 in September but paid the charity just $200 by Dec. 31 of that same year, only $200 of the pledged amount may qualify as tax-deductible for that tax year.
End-of-year donations by check or credit card usually qualify as tax-deductible for that tax year, even though you may not pay the credit card bill or have your bank account debited until after Dec. 31.
Bottom line.
Support of a qualified charitable organization may provide you with a money-saving tax deduction, but conditions do apply.
For more information, see IRS Publication 526, Charitable Contributions, and for information on determining value, refer to Publication 561, Determining the Value of Donated Property.
These publications are available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).
