by Fresh Start Tax | Jul 29, 2012 | FBAR, Tax Help, Tax Lawyer
You can call us today for a no cost professional tax consultation 1-866-700-1040 and speak directly to Tax Attorneys, CPA’s and Former IRS agents who are tax specialists for IRS Offshore Tax Issues and Voluntary Disclosures.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS.
We taught Tax Law at the IRS.
The Offshore Voluntary Disclosure Program is offered to those taxpayers with Offshore Bank Accounts or Assets Offshore.
New Offshore Program – The IRS penalty framework
The IRS penalty framework requires individuals to pay a penalty of 27.5 percent of the highest aggregate balance in foreign bank accounts, entities or value of foreign assets during the eight full tax years prior to the disclosure,up from 25 percent in the 2011 program.
Some taxpayers MAY be eligible for 5 or 12.5 percent penalties; these remain the same in the new program as in 2011. Call us for more details.
Persons must file all original and amended tax returns and include payment for back-taxes and interest for up to eight years as well as paying accuracy-related and/or delinquency penalties. Some of these penalties can be abated or reduced.
Persons face a 27.5 percent penalty, but taxpayers in limited situations can qualify for a 5 percent penalty.
Smaller offshore accounts will face a 12.5 percent penalty. Once again it is possible to reduce penalties.=
Persons whose offshore accounts or assets did not surpass $75,000 in any calendar year covered by the new OVDP will qualify for this lower rate.
As under the prior IRS Offshore Programs, taxpayers who feel that the penalty is disproportionate may opt instead to be examined. Sometimes you can reduce the penalties and interest.
The IRS recognizes that its success in offshore enforcement and in the disclosure programs has raised awareness related to tax filing obligations. This includes awareness by dual citizens and others who may be delinquent in filing, but owe no U.S. tax.
The IRS is currently developing procedures by which these taxpayers may come into compliance with U.S. tax law. The IRS is also committed to educating all taxpayers so that they understand their U.S. tax responsibilities.
Pre-Clearance Phase of Voluntary Disclosure:
Faxed requests are made to the IRS Criminal Investigation Lead Development Center at (267) 941-1115.
IRS will need the taxpayers:
1. Name,
2. Date of birth,
3. Social security number and
4. Address
The IRS Criminal Investigation ( CI ) will then notify taxpayers or their representatives via fax whether or not they have been cleared to make a voluntary disclosure using the Offshore Voluntary Disclosures Letter.
It should be emphasized that the Pre-clearance process does not guarantee a taxpayer acceptance into the Offshore Voluntary Disclosure Program.
The Issuance of the Offshore Voluntary Disclosure Letter
If the taxpayer chooses to submit a pre-clearance request, after the taxpayer receives a pre-clearance notification, the taxpayer will have 30 days from receipt of the fax notification to complete the Offshore Voluntary Disclosures Letter. It is always best to have a tax professional have your power of attorney so you never have to speak with the IRS.
If the taxpayer chooses to bypass the pre-clearance process, the taxpayer must mail the Offshore Voluntary Disclosures Letter to the following address:
Internal Revenue Service
Criminal Investigation
ATTN: Offshore Voluntary Disclosure Coordinator
Philadelphia Lead Development Center
1-D04-100
2970 Market Street
Philadelphia, PA 19104
The IRS will review the offshore Voluntary Disclosures Letters and notify the taxpayer or representative by mail whether the voluntary disclosure has been preliminarily accepted or declined.
Complete Voluntary Disclosure Package
Once the voluntary disclosure has been preliminarily accepted, the taxpayer should send the full voluntary disclosure package to:
Internal Revenue Service
3651 S. I H 35 Stop 4301 AUSC
Austin, TX 78741
ATTN: 2011 Offshore Voluntary Disclosure Initiative
Opt Out Procedures – for Voluntary Disclosures
Taxpayers may request to opt out of the civil settlement structure of the 2009 Offshore Voluntary Disclosure Program or 2011 Offshore Voluntary Disclosure Initiative.
Taxpayers wishing to make a domestic voluntary disclosure that is not covered under this offshore initiative should contact their local IRS Criminal Investigation (CI) office to speak with a criminal investigator. Remember to do this by yourself is a big mistake.
IRS, Offshore – Voluntary Disclosure – IRS Tax Attorneys, Tax Lawyers, Former IRS Agents – Free Consultation – 1-866-700-1040
by Fresh Start Tax | Jul 25, 2012 | FBAR, IRS Tax Problem, Tax Help, Tax Lawyer, Tax Settlements
Have Former IRS Agents and Tax Attorneys who taught Tax Law help with any FBAR issues you may have.
We know the IRS tax policies and settlement procedures.
India – FBAR Tax issues, resolutions and negotiations. We handle all criminal and civil cases. Let us take away your fear, anxiety or worry today.
Let our years at the IRS ease any discomfort about this issue. We taught Tax Law at the IRS and know the system.
Call us for a no cost professional tax consultation and speak directly to Expert FBAR Tax Attorneys, Lawyers, CPAs or Former IRS agents. 1-866-700-1040.
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We have over 206 years of professional tax experience and over 60 years of working directly for the IRS.
If you are living an India and have any potential issues or the IRS has already contacted you call us today.
FBAR Filing Criteria as defined by the Internal Revenue Service.
In order to determine whether or not the FBAR is required, ALL of the following must apply:
1. The filer is a United States person;
2. The U.S. person has a financial account(s);
3. The financial account is in a foreign country ( India );
4. The U.S. person has a financial interest in the account or signature or other authority over the foreign financial account; and,
The aggregate amount(s) in the account(s) valued in dollars exceed $10,000 at any time during the calendar year. most individuals forget about the aggregate amount and this can lead to problems.
What is defined as a Financial Account by the IRS.
1. Bank accounts, such as a savings, demand, checking, deposit, time deposit, or any other account maintained with a financial institution or other person engaged in the business of a financial institution.
2.A bank account set up to secure a credit card account is an example of a financial account. An insurance policy having a cash surrender value is an example of a financial account.
3.Securities, securities derivatives, or other financial instruments account are also financial accounts.
4.Individual bonds, notes, or stock certificates held by the filer are not a financial account.
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Skype available
by Fresh Start Tax | Jul 23, 2012 | FBAR, IRS Tax Problem, Tax Help, Tax Lawyer
FBAR – Help, Problems, Resolutions – Tax Attorneys, Former IRS – FBAR Experts 1-866-700-1040
Call today for a no cost professional tax consultation 1-866-700-1040 and speak directly to a FBAR tax attorney would is a tax expert.
If you are looking for FBAR Help or have a tax problem relating to FBAR call us today for a no cost professional tax consultation to permanently get your FBAR problem resolved.
Let us help relieve any fear or worry. Stop worrying!
Free consult 1-866-700-1040. Speak directly to Tax Attorneys, Lawyers or Former IRS agents.
We have over 206 years pf professional tax experience and over 60 years of working directly for the IRS.
We taught Tax Law at the IRS. It only makes sense directly to Former IRS agents who know the internal workings of IRS. Use our experience for your benefit.
Who must file an FBAR?
Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. See also Notice 2010-23.
Make sure you contact IRS before the IRS contacts you!
Overview for FBAR
The Financial Crimes Enforcement Network (FinCEN) delegated to IRS its enforcement authority for penalties imposed under Title 31, Sections 5314 – 5321 for the failure to file Form TD F 90-22.1 Report Of Foreign Bank And Financial Accounts (FBAR) .
Form TD F 90-22.1 , Report of Foreign Bank and Financial Accounts, must be filed by US persons who have a financial interest in, signature authority, or other authority over one or more financial accounts in foreign countries with an aggregate value exceeding $10,000 at any time during the calendar year.
If you failure to file this form it could result in civil and or criminal penalties. The civil penalties may be appealed. Should the case go criminal it will be a long hard road.
FBAR penalties may come to Appeals as stand-alone cases or together with a related income tax or international penalty.
Call us for a free tax consultation today and see how we can give you professional FBAR help to completely solve your tax problems.
We have been resolving FBAR cases since 1982 and we are the go to firm for professional Fbar help.
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by Fresh Start Tax | Jul 21, 2012 | Back Taxes, Christian IRS Tax Relief, IRS Tax Problem, Tax Help
Armed Forces, Military – Christian Tax Help, Filing, Back Taxes, Tax Levy, Tax Lien – IRS Tax Experts 1-866-700-1040
We are a professional Christian Tax Firm specializing in IRS problems. We specialize in IRS Tax Representation and have been doing so since 1982.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional IRS offices.
We can file all your back taxes, release IRS tax levies, and help get federal tax liens released.
We are a Biblical Based Tax Firm
How do you discern godly counsel? <><
Proverbs 12:15 – The wise listen to advice
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If you need to get the IRS off of your back and stop the worry, call us or Skype us today for a no cost professional tax consultation to stop the IRS.
With the simple filing of a power of attorney the IRS can never speak to you.
Tax Tips Combat Zones.
It is important to understand combat zone in term of IRS.
What geographic areas are considered combat zones?
Combat zones are designated by an Executive Order from the President as areas in which the U.S. Armed Forces are engaging or have engaged in combat.
There are currently three such combat zones (including the airspace above each):
Arabian Peninsula Areas, beginning Jan. 17, 1991 — the Persian Gulf, Red Sea, Gulf of Oman, the part of the Arabian Sea north of 10° North latitude and west of 68° East longitude, the Gulf of Aden, and the countries of Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Kosovo area, beginning Mar. 24, 1999 — Federal Republic of Yugoslavia (Serbia and Montenegro), Albania, the Adriatic Sea and the Ionian Sea north of the 39th Parallel.
Afghanistan, beginning Sept. 19, 2001.
Public Law 104-117 designates three parts of the former Yugoslavia as a Qualified Hazardous Duty Area, to be treated as if it were a combat zone, beginning Nov. 21, 1995 — Bosnia and Herzegovina, Croatia, and Macedonia.
In addition, the Department of Defense has certified these locations for combat zone tax benefits due to their direct support of military operations, beginning on the listed dates:
In support of Operation Enduring Freedom (Afghanistan combat zone):
Pakistan, Tajikistan and Jordan – Sept. 19, 2001
Incirlik Air Base, Turkey – Sept. 21, 2001 through Dec. 31, 2005
Kyrgyzstan and Uzbekistan – Oct. 1, 2001
Philippines (only troops with orders referencing Operation Enduring Freedom) – Jan. 9, 2002
Yemen – Apr. 10, 2002
Djibouti – July 1, 2002
Israel – Jan. 1 through July 31, 2003
Somalia – Jan. 1, 2004
In support of Operation Iraqi Freedom (Arabian Peninsula Areas combat zone):
Turkey – Jan. 1, 2003 through Dec. 31, 2005
the Mediterranean Sea east of 30° East longitude – Mar. 19 through July 31, 2003
Jordan – Mar. 19, 2003
Egypt – Mar. 19 through Apr. 20, 2003
These combat zones are ever changing.
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by Fresh Start Tax | Jul 21, 2012 | Tax Help, Tax Lawyer
If you need IRS seizure Help call us today. Let former IRS Agents and Managers take the pressure and worry off your back.
Free consultations. 1-866-700-1040.
IRS make 747 Seizures a year. IRS threatens so much and their bite is not as big as there bark.
Whether it is in the ASC Unit or at the local IRS level through Revenue Officers the truth of the matter, IRS does not seize very much.
If you do the math, IRS makes about 14 seizures a year in each state per year.
Fear drives the taxpayers to settle with the IRS.
Why are more seizure not made?
The truth of the matter is that IRS fears public outcry and fear of making a mistake. Everyone must cover their asses and a wrong seizure could put you in deep woods as an Agents or a Managers. Plus everyone in the world at the IRS must sign off.
Also, it takes so much documentation the local Agents just does not want to be involved in this time consuming project.
Cases that IRS does seize on.
IRS will tend to seize in habitual delinquents and tax abusers. Those repeated offenders that just to do not care. You must really piss the IRS off before a seizure is made.
Also, you have so many appeal rights, the seizure may never be recommended or your appeal will usually over turn the seizure.
If the IRS is threatening seizure call us today for immediate help. We are IRS tax experts.
by Fresh Start Tax | Jul 19, 2012 | FBAR, Tax Help, Tax Lawyer, Tax Settlements
FBAR Penalties – IRS Tax Help – Owe Back Taxes, Settle – Former IRS, Tax Attorneys, Lawyers – FBAR Experts 1-866-700-1040
We are FBAR tax experts that can solve your tax problems.
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We can help get rid of or abate penalties and interest, provide solid tax help advice, and help settle any back tax issues you may have. We are affordable.
You may call us for a no cost professional tax consult. 1-866-700-1040
FBAR Penalties, Reasonable Cause
Whether a failure to file or failure to pay is due to reasonable cause is based on a consideration of the facts and circumstances. Each case is very different.
IRS reasonable cause relief is generally granted by the IRS when you demonstrate that you exercised ordinary business care and prudence in meeting your tax obligations but nevertheless failed to meet them.
Documentation is a key criteria.
In determining whether you exercised ordinary business care and prudence, the IRS will consider all available information, including but not limited to :
1. The reasons given for not meeting your tax obligations;
2.Your compliance history;
3. The length of time between your failure to meet your tax obligations and your 4.Subsequent compliance; and
5.Circumstances beyond your control.
IRS reasonable cause may be established if you show that you were not aware of specific obligations to file returns or pay taxes, depending on the facts and circumstances of your case.
Among other of facts and circumstances that will be considered by the IRS are:
1. Your education;
2.Whether you have previously been subject to the tax;
3. Whether you have been penalized before;
4.Whether there were recent changes in the tax forms or law that you could not reasonably be expected to know; and
5. The level of complexity of a tax or compliance issue.
You may have reasonable cause for noncompliance due to ignorance of the law if a reasonable and good faith effort was made to comply with the law or you were unaware of the requirement and could not reasonably be expected to know of the requirement.
FBAR Penalties, IRS Tax Help, Owe Back Taxes, Settle, Former IRS, Tax Attorneys, Lawyers, FBAR Experts
