by Fresh Start Tax | Jul 3, 2012 | Expatriate Tax, FBAR, Representation, Tax Lawyer, Tax News, Tax Returns
We are Ex- Pat and FBAR tax specialists. We are tax experts. As Former IRS agents we taught Tax Law at the IRS.
We have successful handled a great deal of both Ex- Pat and FBAR cases.
You can call today for a no cost professional confidential consultation.
We are comprised of Board Certified Tax Attorneys, Lawyers, CPA’s and Former IRS Agents.
We have over 205 years of professional tax experience and over 60 years of direct work experience with the IRS. We worked in the local, district and regional offices of the Internal Revenue Service.
Do you need to file a tax return for the IRS?
Under the new health care plan IRS is coming. The current tax appropriations under the new law is about to let the IRS loose.
Among the various new requirements of the IRS that are contained in IRC 877 and 877A, individuals that 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.
If all your 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 taxpayer will be subject to the IRC 877 and 877A expatriation tax provisions.
Individual(s) that have expatriated should file all tax returns that are due, regardless of whether or not full payment can be made with the return.
Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan.
All payment plans to the IRS require continued compliance with all filing and payment responsibilities after the plan is approved and throughout the course of the plan.
IRS imposes 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.
IRS is acquiring lists through tax treaties with and through various countries.
Failure to file or not including all the information required by the form or including incorrect information will result in large penalties.
FBAR REQUIREMENTS
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).
The FBAR is required because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions. You should call us if you have questions.
Federal Tax Investigators with the IRS use FBARs to help identify or trace funds used for illicit purposes or to identify unreported income maintained or generated abroad.
It is important to know that the IRS is receiving $500 million dollars in funding under the new health care plan, yes, the new health care plan.
A lot of that budget will be at the expense of Ex-Pats and FBAR
We are EXPAT, FBAR Tax Specialists. Comprised of Tax Attorneys, Lawyers and Former IRS. We are affordable, experienced and will tell you the truth about your case.
by Fresh Start Tax | Jul 3, 2012 | FBAR, Tax Lawyer
Needless to say the reason you have looked us up is because the Internal Revenue Service is spending a lot and time and money to get FBAR under control. This is something you may be worried about or just have questions.
As former IRS Agent I can tell you from work experience, the IRS was sealed out of Foreign Bank accounts until the UBS debacle. Since UBS the IRS is on steroids going after taxpayers who are hiding money offshore. If this is you, tax representation is a must.
It is important to know that each case is uniquely different. Some of the factors the IRS reviews are:
1. Size of the case,
2. The history of the taxpayer,
3. Money involved,
4. Chance of a successful audit, collection or prosecution,
5. Badges of Fraud.
As a Former IRS Agent we looked at all these factors before spending loads of time on each case. It was just not prudent to after everyone.
With that said, your case is unique and needs to be looked at in the eyes of the IRS and it is important to understand their determining criteria.
At Fresh Start Tax L.L.C. we are a professional tax firm comprised of Board Certified Tax Attorneys, Lawyers, CPA’s and Former IRS Agents and Instructors.
When employed at the IRS I taught Tax Law.
If you have questions about FBAR and tax representation call us for a no cost professional consult. 1-866-700-1040
All your information is confidential and you will be afforded attorney – client privileged.
We have over 205 years of professional tax experience and over 60 years of direct work experience at the IRS.
Our Tax Attorneys and Tax Lawyers can help and work through this situation.
Call today and speak directly to a Lawyer/Attorney. 1-866-700-1040
FBAR – Lawyers/Attorneys – Former IRS, Tax Experts – Affordable
by Fresh Start Tax | Jul 2, 2012 | Back Taxes, IRS Tax Problem, Representation, Tax Help, Tax Lawyer
IRS Help – Ft.Lauderdale, Miami, Palm Beach – Former IRS, Attorneys, CPA’s – IRS Tax Experts 954-492-0088
If you are looking for IRS tax help it only makes sense to hire former IRS agents, managers and tax instructors. We have over 60 years of working directly for the IRS and the local South Florida office as agents, instructors, managers, and former IRS appellate agents.
Hire Former Local IRS Agents who taught Tax Law at the IRS.
If you are looking for IRS Tax Help in Ft. Lauderdale, Miami or the Palm Beaches you may want to call Fresh Start Tax L.L.C. 954-492-0088 your Local Tax Firm.
We are comprised of Former IRS Agents, Managers and Teaching Instructors who worked out of the local South Florida IRS offices for over 60 years.
We have a combined 205 years of total IRS work experience. We are the premier tax firm in Ft. Lauderdale, Miami, and the Palm Beaches for IRS Help.
We taught Tax Law out of the local district and regional IRS offices.
We have on staff Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents.
We are a IRS Tax Specialty Firm specifically dealing with all State and Federal Tax Issues. We offer IRS Help for any type of IRS back tax problem.
You may call us for a no cost professional tax consultation or visit our offices.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- IRS Help
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
IRS Help – Ft.Lauderdale, Miami, Palm Beach – Former IRS, Attorneys, CPA’s – IRS Tax Experts
by Fresh Start Tax | Jul 1, 2012 | Back Taxes, Income Tax Preparation, Representation, Tax Lawyer, Tax Returns
IRS Tax Representation for U.S. Citizens and Resident Aliens Living Abroad
We are “World Wide IRS Tax Experts comprised of Tax Attorneys, Former IRS Agents.
For United States Citizens and Resident Aliens Abroad
If you are a United States 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.
Did you know that your world wide income is taxable?
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.
We also can file any and all back tax years and unfiled tax returns.
Extension Period.
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. However, any tax due payments made after June 15 will be subject to both interest charges and failure to pay penalties.
Where to File
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
The Tax Law.
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. A limited number of companies provide software that can accommodate foreign addresses. To determine which will work best for you, get help choosing a software provider.
If you are looking for a Professional Tax Firm and for IRS tax Representation call us today for a no cost consult.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- International Tax Practice
Our Company Resume: ( Since 1982 )
- Our staff has collectively over 205 years of Professional IRS Tax Representation Experience
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran /Published Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly
- International Tax Attorney/Lawyer
by Fresh Start Tax | Jun 30, 2012 | IRS Tax Problem, Representation, Tax Help, Tax Lawyer
IRS has a SNAFU in there CADE computer system that is causing many problems and hoards of taxpayers are filing complaints because of Wrongful Federal Tax Lien activity.
If you are having a tax problem and need tax relief call for tax help today from tax attorneys, tax lawyers and Former IRS agents.
1-866-700-1040. Do not be bullied any more, fight back.
Some will file Federal Lawsuits and WIN.
IRS files some 980,000 Federal Tax Liens each year. These Federal Tax Liens wipes out and destroys the financial life of these people. Many of these Federal Tax Liens never should have been filed in the first place.
The credit life of these taxpayers are destroyed for years to come because of the Federal Tax Lien filing.
The Treasury Inspector General for Tax Administration (TIGTA) has recently rebuked the IRS in a report recently issued.
The Report on Wrongful Federal Tax Liens
The Internal Revenue Service (IRS) mails federal tax lien notices to taxpayers in a timely manner as required by law most of the time.
However, it does not always follow its own regulations for notifying taxpayer representatives and processing undelivered lien notices, according to a report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA).
TIGTA is required by law to determine annually whether the federal tax lien notices issued by the IRS comply with the legal guidelines in Internal Revenue Code Section 6320 and related guidance in the Federal Tax Liens Handbook.
The TIGTA auditors reviewed a statistically valid sample of 105 Notices of Federal Tax Lien (NFTL) filed for the 12-month period ending June 30, and determined that the IRS mailed taxpayers the federal tax lien notices in a timely manner as required.
However, the IRS did not always follow its own regulations for notifying representatives of the filing of NFTLs.
IRS Regulations.
The IRS Regulations require that taxpayer representatives be given copies of all correspondence issued to taxpayers.
TIGTA estimated that 43,817 taxpayers may have been adversely affected because the IRS did not follow requirements to notify the taxpayers’ representatives of the taxpayers’ rights related to liens.
Additionally, when an initial federal tax lien notice is returned undelivered and a different address is available for the taxpayer, the IRS does not always meet its statutory requirement to send the lien notice to the taxpayer’s last known address.
From a judgmental sample of 250 undelivered lien notices, TIGTA identified four cases for which a new federal tax lien notice should have been sent to the taxpayer’s updated address because IRS systems reflected that the address was updated prior to the NFTL preparation.
These cases could involve legal violations because the IRS did not meet its statutory requirement to send lien notices to the taxpayer’s last known address.
The Report and the Violations by the IRS.
“After filing Notices of Federal Tax Lien, the IRS must notify the affected taxpayers in writing, at their last known address, within five business days of the lien filings,” said J. Russell George, Treasury Inspector General for Tax Administration. “However, as noted in previous audits, the IRS did not always follow its own internal guidelines for notifying taxpayer representatives of the filing of the NFTL. Therefore, the rights of some taxpayers may have been violated when the IRS did not notify their representatives of lien filings.”
In TIGTA’s Fiscal Year 2009 lien notice audit, TIGTA recommended that the IRS enhance its systems to ensure taxpayer representatives timely received lien notices. However, the IRS corrective action has not been implemented yet.
In the report released publicly , TIGTA recommended that the IRS improve the controls and oversight for the processing of undelivered lien notices to ensure they are researched timely, and ensure the use of undelivered lien notice mail status codes is consistent in the procedures for the Automated Collection System and the Collection Field function.
IRS Changes.
The IRS agreed with TIGTA’s recommendations and plans to:
1) make changes to the respective internal guidelines to improve documentation and support the timely resolution of undeliverable notices, and
2) evaluate the use of mail status codes against resource demands to determine if implementation is feasible.
If you are a victim of a Wrongful Filing of a Federal Tax Lien, call us today. 1-866-700-1040.
by Fresh Start Tax | Jun 29, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, IRS Tax Debt, Offer in Compromise, Representation, Tax Lawyer, Tax Returns, Tax Settlements
ExPats IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS 1-866-700-1040
We are a Professional Tax Firm specializing in World Wide Ex-Pat tax consultations, tax services, income tax preparation and IRS tax settlements.
We have been in practice since 1982 and are “A” rated by the BBB.
Skype available. Password freshstarttax.
We are staffed with Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents
Expats and everyone living abroad including those with FBAR issues, BEWARE.
Under Obama Care the IRS will be given over $500 million large to enforce compliance and collections of IRS Tax Laws and much of the budget is to aggressively go after International money.
The IRS will be carefully watching Expats because of the non compliance from ExPats.
IRS has found that many Expats not in filing compliance. IRS plans to change this starting next year.
The IRS report is specially targeting international money and IRS is setting Agent Groups up specializing in ExPat stuff.
This is not to scare you but just stating fact. If you are in compliance you do not need to worry or read the rest.
If you are having tax issues or you are in non compliance with the IRS and need to chat, hit us up for a free tax consult. We specialize in Expat Tax.
We have worked countless numbers of these cases.
Since we have worked for the IRS we know all the tax strategies and procedures related to the tax filings and tax settlements to get you through worry free.
Penalties for not filing.
Significant penalty imposed for not filing expatriation form
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854, Initial and Annual Expatriation Information Statement (PDF). 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.
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.
The Instructions for Form 8854 (PDF) provide details about the filing requirements, related definitions and line-by-line instructions for completing the form.
Failure to file or not including all the information required by the form or including incorrect information could lead to a large penalty and tax enforcement.
ExPats IRS Tax Consultants, Income Tax Prep, File, Tax Settlements, Offer in Compromise
We can help today. Call and speak directly to Tax Attorneys, Former IRS or CPA’s.
We are affordable, assessable and will tell your the truth. We can file all back tax returns with or without records through our tax reconstruction methods.
Expatriates IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS
