by Fresh Start Tax | Jul 16, 2012 | Christian IRS Tax Relief, IRS Tax Problem, Tax Help, Tax Lawyer
We are a Christian Tax Firm.<><
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
If you are in the Military or the Armed Forces and need IRS Tax Problem Help call or Skype us for no cost professional tax consultation.
We are comprised of Christian Tax Attorneys, CPA’s and Former IRS Agents and Managers.
We have over 60 years of direct IRS work experience. We taught Tax Law at the IRS. We know the system and that experience can work for you and save you a lot of money and headaches.
We can file all your back taxes and settle your case.
Let us take away any fear or worry you have about any IRS tax problems.
Our contact info: Free Consults
1-866-700-1040, Skype- freshstarttax
Did you know that there are special tax benefits for Armed Forces, Military Personnel.
Special Tax Benefits for Armed Forces Personnel
Military personnel and their families face unique life challenges with their duties, expenses and transitions. We appreciate what you do for our country.
1. Moving Expenses.
If you are a member of the Armed Forces/ Military on active duty and you move because of a permanent change of station, you may be able to deduct some of your unreimbursed moving expenses.
2. Combat Pay.
If you serve in a combat zone as an enlisted person or as a warrant officer for any part of a month, all your military pay received for military service during that month is not taxable.
For officers, the monthly exclusion is capped at the highest enlisted pay, plus any hostile fire or imminent danger pay received. You can also elect to include your nontaxable combat pay in your “earned income” for purposes of claiming the Earned Income Tax Credit.
3. Extension of Deadlines.
The deadline for filing tax returns, paying taxes, filing claims for refund, and taking other actions with the IRS is automatically extended for qualifying members of the military.
4. Uniform Cost and Upkeep.
If military regulations prohibit you from wearing certain uniforms when off duty, you can deduct the cost and upkeep of those uniforms, but you must reduce your expenses by any allowance or reimbursement you receive.
5. Joint Returns.
Joint income tax returns must be signed by both spouses.
However, when one spouse is unavailable due to military duty, a power of attorney may be used to file a joint return.
6. Travel to Reserve Duty.
If you are a member of the US Armed Forces Reserves, you can deduct unreimbursed travel expenses for traveling more than 100 miles away from home to perform your reserve duties.
7. ROTC Students.
Subsistence allowances paid to ROTC students participating in advanced training are not taxable. However, active duty pay – such as pay received during summer advanced camp – is taxable.
8. Transitioning Back to Civilian Life.
You may be able to deduct some costs you incur while looking for a new job.
Expenses may include travel, resume preparation fees, and outplacement agency fees. Moving expenses may be deductible if your move is closely related to the start of work at a new job location, and you meet certain tests.
Should you need an tax problem help call us today for a no cost consult.
by Fresh Start Tax | Jul 16, 2012 | Back Taxes, Expatriate Tax, Tax Help, Tax Lawyer, Tax Problem Help
We are Global Experts in Expatiates Taxes and US Citizens living Overseas.
Call us for a no cost consult. 1-866-700-1040. SKYPE available.
We can resolve all IRS tax problems and can help you with any tax issue that may arise.
Being former IRS agents we know the complete system. Let our experience work for you.
We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents who have over 206 years of total tax experience and over 60 years of working directly for the IRS.
We can take all the worry and fear out of the process of dealing with the IRS.
Some of the new changes taking place for Expatriates.
The new exclusion amount.
The maximum foreign earned income exclusion is adjusted annually for inflation. For 2011, the maximum exclusion has increased to $92,900.
In the area of Housing Expenses.
The computation of the base housing amount (line 32 of Form 2555) is tied to the maximum foreign earned income exclusion. The amount is 16 percent of the exclusion amount (computed on a daily basis), multiplied by the number of days in your qualifying period that fall within your 2011 tax year. For 2011, this amount is $40.72 per day ($14,864 per year).
The amount of qualified housing expenses eligible for the housing exclusion and housing deduction has changed for some locations.
Filing requirements for Expatriates
The amount of income you can receive before you must file an income tax return has increased. Because they vary every year it is best to check with us.
Finally, Self-employment tax reduced.
For 2011, the rate of self-employment tax has been reduced from 15.3% to 13.3%. Hard to believe as reduction, count your blessings.
The maximum amount of net earnings from self-employment that is subject to the social security part of the self-employment tax remains at $106,800. All net earnings are subject to the Medicare part of the tax.
IRA deduction expanded.
You may be able to take an IRA deduction if you were covered by a retirement plan and your 2011 modified adjusted gross income (AGI) is less than $66,000 ($110,000 if married filing jointly or a qualifying widow(er)). If your spouse was covered by a retirement plan, but you were not, you may be able to take an IRA deduction if your 2011 modified AGI is less than $179,000. If you have question be sure to check with us.
Form 8938. If you had foreign financial assets in 2011, you may have to file new Form 8938 with your return.
If you have a Change of address.
If you change your home mailing address, notify the Internal Revenue Service using Form 8822, Change of Address. If you are changing your business address, use Form 8822-B, Change of Address—Business.
by Fresh Start Tax | Jul 15, 2012 | Back Taxes, Expatriate Tax, IRS Tax Debt, Tax Help, Tax Lawyer
If you feel like the IRS may be coming your way, breathing down your neck or you know that the time is right to get things in order, call us for a no cost professional tax consult. 1-866-700-1040.
We can take all the worry and fear out of this process so you will never have to speak to the IRS, ever. We know how to win because of our 60 years of direct working experience at the IRS in the local, district and regional offices of IRS. We taught Tax Law at the IRS.
We can file all your tax returns or any back tax years and if you owe IRS taxes we can settle your taxes with an offer in compromise upon qualification.
You can speak directly to a Tax Attorneys, Lawyers, CPAs or Former IRS Agents and Managers. We are Expat IRS Tax Help experts.
Since 2011, the IRS has really stepped up their enforcement activities for Expatriates Tax.
The high end targets of IRS for Expat Tax activity will be in the area of non filers and accounts that owe over $1500 per year in tax. The IRS is setting up specialized Revenue Agent Groups or task forces to handle this world wide activity and global tax problem of not filing, not paying.
Taxpayers usually fall in two categories with the IRS. Those who did not know about filing requirements ( innocent ) and those that willfully neglected filing.
We can help both. At some point, the IRS will be tracking down everyone. IRS has just started these processes. Over 33,000 non filers have come forward so far and the IRS knows there is a goldmine of revenue to collected in Expat taxes.
How to save tax dollars. Requirements:
If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction.
If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income.
You may however qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation.
Exclusion Dollar Amounts:
$91,400 for 2009,
$91,500 for 2010,
$92,900 for 2011,
$95,100 for 2012.
In addition, you can exclude or deduct certain foreign housing amounts.
Penalty imposed for not filing for expatriation
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854, Initial and Annual Expatriation Information Statement .
Form 8854 must also be filed to comply with the annual information reporting requirements of Internal Revenue Code section 6039G, if the person is subject to tax under Section 877 of the Code.
IRS Penalty:
A $10,000 penalty may be imposed for failure to file Form 8854 when required.
IRS is sending notices to expatriates that have not complied with the Form 8854 requirements, including the imposition of the $10,000 penalty where appropriate.
Expatriate Tax , IRS Tax Help , IRS EXPAT EXPERTS , Former IRS, Attorneys , Filing Returns, Back Taxes, Settle Taxes
by Fresh Start Tax | Jul 14, 2012 | IRS Tax Problem, Tax Help, Tax Lawyer, Tax Returns
If you are looking for IRS Tax Help because you have an IRS Tax Problem call us today for a no cost professional tax consult. 1-866-700-1040.
We are tax experts for U.S. citizens and Resident Aliens living abroad.
We are comprised of Tax Attorneys, Tax Lawyers, CPAs and Former IRS Agents.
We have 205 years of total tax experience and over 60 years of working directly for the IRS.
We taught Tax Law at the IRS
Relative information for US Citizens and Resident Aliens living Abroad.
U.S. Citizens and Resident Aliens Abroad
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad.
Just so you know your worldwide income is subject to U.S. income tax, regardless of where you reside.
When to File your Tax Return. ( tax extensions)
If you are a U.S. citizen or resident alien residing overseas, or are in the military on duty outside the U.S., on the regular due date of your return, you are allowed an automatic 2-month extension to file your return and pay any amount due without requesting an extension.
For a calendar year return, the automatic 2-month extension is to June 15.
If you are unable to file your return by the automatic 2-month extension date, you can request an additional extension to October 15 by filing Form 4868 before the automatic 2-month extension date.
Please note – Any tax due IRS payments made after June 15 will be subject to both interest charges and failure to pay penalties.
Where to File your tax return.
If you are a U.S. citizen or resident alien ,Green Card Holder, and you live in a foreign country, mail your U.S. tax return to:
Department of the Treasury
Internal Revenue Service Center
Austin, TX 73301-0215
USA
Estimated tax payments should be mailed with form 1040-ES to:
Internal Revenue Service
P.O. Box 1300
Charlotte, NC 28201-1300
USA
Other helpful notes and tax tips:
1. Taxpayers with an AGI (Adjusted Gross Income) of $57,000 or less can electronically file their tax return for free using free file.
2. Taxpayers with an AGI greater than $57,000 can either use the Free File Fillable Forms or e file by purchasing commercial software.
Taxpayer Identification Number
Each taxpayer who files, or is claimed as a dependent on, a U.S. tax return will need a social security number or individual taxpayer identification number .
To obtain a social security number.
To obtain a social security number, use form SS-5, Application for a Social Security Card. To get form SS-5, or to find out if you are eligible for a social security card, contact a Social Security Office or visit Social Security International Operations.
If you, or your spouse, are not eligible for a social security number, you can obtain an ITIN by filing form W-7 along with appropriate documentation.
U.S. Citizens and Resident Aliens Abroad – IRS Tax Problem Help – Attorneys, Former IRS – Overseas Tax Experts
by Fresh Start Tax | Jul 13, 2012 | Expatriate Tax, FBAR, IRS Tax Experts, Offshore Program, Tax Help, Tax Lawyer
Is the IRS on your mind? Let us permanently resolve your tax issue.
We taught Tax Law at the IRS and know there tax settlement policies.
Let us take away the fear and worry. You will never have to talk to the IRS.
We are tax experts for US Citizens, UAE, Dubai Tax Issues.
Call us or skype us for a no cost consult.
1-866-700-1040 SKYPE PASSWORD – freshstarttax
We know exactly what the IRS will do because we are Former IRS Agents. As a result, we know all their tax policies, codes and closing procedures used to settle every type of case.
We are comprised of Tax Attorneys, CPA’s and Former IRS agents and managers.
We taught Tax Law at the Internal Revenue Service. We have over 60 years with the IRS and over 206 years of total tax experience.
How to save tax and keep your money.
Did you know that foreign earned income exclusion, the foreign housing exclusion, and the foreign housing deduction are based on foreign earned income?
For this very purpose, foreign earned income is income you receive for services you perform in a foreign country during a period your tax home is in a foreign country and during which you meet either the bona fide residence test or the physical presence test.
Earned income is pay for personal services performed, such as wages, salaries,or professional fees.
The list that follows classifies many types of income into three categories. The column headed Variable Income lists income that may fall into either the earned income category, the unearned income category, or partly into both.
For more information on earned and unearned income, see Earned and Unearned Income, below.
Classification of Types of Income
| Earned Income |
Unearned Income |
Variable Income |
| Salaries and wages |
Dividends |
Business profits |
| Commissions |
Interest |
Royalties |
| Bonuses |
Capital Gains |
Rents |
| Professional fees |
Gambling winnings |
|
| Tips |
Alimony |
|
|
Social security benefits |
|
|
Pensions |
|
|
Annuities |
|
Call today for a no cost consult. 1-866-700-1040.
US Citizens Taxes, UAE, Dubai, IRS Tax Experts, Help, Problem, Tax Filings, Former IRS, Attorneys, Expatriate, FBAR
by Fresh Start Tax | Jul 13, 2012 | IRS Tax Problem, Tax Help, Tax Lawyer, Tax Problem Help
If you have any questions regarding any tax issue or potential tax problems and may need help, call us for a no cost professional tax consult. 1-866-700-1040.
We are Expatriate UAE and global tax experts.
We are comprised of Tax Attorneys, CPA’s and Former IRS agents. We have over 205 years of professional tax experience and over 60 years of working directly for the IRS.
We can file all your back tax returns and settle your case with the IRS.
Do not be worried just act.
We can take away the worry and give you immediate peace. You will never speak to the IRS. Let our experience work to you.
What you should do if you have not filed a tax return or owe back taxes.
Various new requirements by the Internal Revenue Service are contained in IRC 877 and 877A.
Individual taxpayers that have renounced their U.S. citizenship or terminated their long-term resident status for tax purposes after June 3, 2004 are required to certify to the IRS that they have satisfied all federal tax requirements for the 5 years prior to expatriation.
Key Tax Law.
If all federal tax requirements have not been satisfied for the 5 years prior to expatriation, even if the individual does not meet the monetary thresholds in IRC 877 or 877A, the individual will be subject to the IRC 877 and 877A expatriation tax provisions.
Individuals that have expatriated should file all tax returns that are due, regardless of whether or not full payment can be made with the return. The filing of the tax return will keep any criminal element from playing a part in your life. File immediately.
Depending on an individual circumstance, a taxpayer filing late may/will qualify for a payment plan or may have a good chance of getting penalties and interest abated.
All payment plans will require continued compliance with all filing and payment responsibilities after the plan is approved.
Call is for a no cost consult. 1-866-700-1040
