by steve | May 5, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Professional Tax firm “A” Rated by the Better Business Bureau Since 1982
We are former IRS Agents, Managers and tax instructors. We handle all IRS Problems. we have over 163 years of direct IRS tax experience and over 60 years of working directly for the IRS.
Today feature from Fresh Start Tax LLC, a News Wire release from the IRS.
Eight Tips from the IRS to Help you Determine if your Gift is Taxable
If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the IRS has put together the following eight tips to help you determine if your gift is taxable.
1. Most gifts are not subject to the gift tax. For example, there is usually no tax if you make a gift to your spouse or to a charity. If you make a gift to someone else, the gift tax usually does not apply until the value of the gifts you give that person exceeds the annual exclusion for the year. For 2010, the annual exclusion is $13,000.
2. Gift tax returns do not need to be filed unless you give someone, other than your spouse, money or property worth more than the annual exclusion for that year.
3. Generally, the person who receives your gift will not have to pay any federal gift tax because of it. Also, that person will not have to pay income tax on the value of the gift received.
4. Making a gift does not ordinarily affect your federal income tax. You cannot deduct the value of gifts you make (other than gifts that are deductible charitable contributions).
5. The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. The following gifts are not taxable gifts:
Gifts that are not more than the annual exclusion for the calendar year,
Tuition or medical expenses you pay directly to a medical or educational institution for someone,
Gifts to your spouse,
Gifts to a political organization for its use, and
Gifts to charities.
6. Gift Splitting – you and your spouse can make a gift up to $26,000 to a third party without making a taxable gift. The gift can be considered as made one-half by you and one-half by your spouse. If you split a gift you made, you must file a gift tax return to show that you and your spouse agree to use gift splitting. You must file a Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, even if half of the split gift is less than the annual exclusion.
7. Gift Tax Returns – you must file a gift tax return on Form 709, if any of the following apply:
You gave gifts to at least one person (other than your spouse) that are more than the annual exclusion for the year.
You and your spouse are splitting a gift.
You gave someone (other than your spouse) a gift of a future interest that he or she cannot actually possess, enjoy, or receive income from until some time in the future.
You gave your spouse an interest in property that will terminate due to a future event.
8. You do not have to file a gift tax return to report gifts to political organizations and gifts made by paying someone’s tuition or medical expenses.
For more information see Publication 950, Introduction to Estate and Gift Taxes. Both Form 709 and Publication 950 can be downloaded on this website or ordered by calling 800-TAX-FORM (800-829-3676).
by steve | May 5, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Christian Professional Tax firm handling all State of Florida and IRS Tax Problems “A” Rated by the Better Business Bureau Practicing since 1982
You can hear our live radio show on GRACE FM 90.3 Christian Radio.
Hire true Christian Tax Professionals. Over 163 years of IRS and State Tax Experience and over 60 years of working directly for the IRS.
Areas of Tax Practice:
- Immediate IRS Tax Representation
- Offers in Compromise/ IRS Tax Debt Settlement
- Immediate Release of Bank Garnishments or Wage Levies
- IRS Bill/Notice of “Intent to Levy” or Final Notices
- IRS Tax Audits Small and Large Dollar
- Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements
- Innocent Spouse Relief
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll/ Trust Fund Penalty Cases
Our Company Resume: ( Since 1982 )
- Our staff has over 163 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
How do you discern godly counsel?
Job 12:13 But true wisdom and power are with God; counsel and understanding are His.
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 10:31-32 The godly person gives wise advice, but the tongue that deceives will be cut off. The godly speak words that are helpful, but the wicked speak only what is corrupt.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
Colossians 3:16 Let the words of Christ, in all their richness, live in your hearts and make you wise.
by steve | May 5, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Professional Tax Firm “A” Rated by the Better Business Bureau Practicing State and Federal Tax Relief since 1982 in the State of Florida
Hire true tax experts. Over 163 years of professional tax experience and over 60 years of working directly for Federal and State Agencies in the State of Florida.
We are have been teaching Instructors for the IRS for over 60 years
We are one of Florida’s oldest, most experienced and trusted tax firms.
How we successfully handle IRS Tax Audits:
Being former IRS Agents and Managers has uniquely qualified our firm to handle IRS tax audits. We have over 60 years of working for the IRS and our firm has over 163 years of tax experience. We have successful handled thousands of IRS tax audits over the years.
1. We immediately contact IRS and submit a power of attorney so the IRS must only speak directly to us.
2. All your correspondence and documentation for the tax audit are reviewed by our firm. We try to limit the scope of the IRS audit.
3. We go over all your tax records and prepare for the tax audit. With our vast experience, many times we have you reconstruct certain expenses that you may have lost records for.
4. We met with the IRS as long as it takes, have IRS issue to us the closing report, and review all final documents with our clients.
5. After securing the final report, we review all documents, make decisions, and make recommendations on how to close the case file.
6. In cases we disagree on with the IRS, we prepare all necessary appeal documents.
7. On agreed cases, work out settlement agreements for payments to IRS.
How we successfully work Florida Sales Tax Audits:
Being former government agents we are uniquely qualified to handle all State and Federal Tax Audits. Our firm has over 163 of professional tax experience, 60 years of working for the government, and we are former agents and tax managers.
1. We immediately contact the Florida or State Department of Revenue and send to them a power of attorney so they must speak only to us.
2. We review all documents and correspondence that you have received up to this period of time.
3. We review all your tax records necessary for the tax audit.
4. We then meet with the State, taking as much time as it requires and have the State issue a final report.
5. We review all closing documents from the audit with our clients and make decisions on possible settlement options.
6. Make decisions on whether appeals or necessary or work out possible payment agreements.
by steve | May 5, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Local Professional Tax Firm “A” Rated by the Better Business Bureau Practicing since 1982
Have former IRS Agents, Managers and Instructors who worked for the IRS for over 60 years in the State of Florida successfully manage and settle your tax bill.
We have over 163 years of professional tax experience, 60 years of working directly for the IRS and in practice since 1982.
Why hire Fresh Start Tax, LLC? We tell you the truth!
1. Fresh Start Tax, LLC is a local Florida Tax Firm whose principles have been practicing Tax Law and IRS Representation in Florida since 1982.
2. On staff are Board Certified Tax Attorneys, CPAs and former IRS Agents, Managers and Tax Instructors who’ve worked at the IRS over 60 years collectively.
3. Former IRS Agents, Managers and Instructors will manage, review, represent and settle your tax case for the best possible settlement.
4. We are one of most trusted Professional Tax Firms in Florida with over 163 years of professional tax experience.
5. We have an “A” Rating by the Better Business Bureau.
Areas of Tax Practice:
- Immediate IRS Tax Representation
- Offers in Compromise/ IRS Tax Debt Settlement
- Immediate Release of Bank Garnishments or Wage Levies
- IRS Bill/Notice of “Intent to Levy” or Final Notices
- IRS Tax Audits Small and Large Dollar
- Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements
- Innocent Spouse Relief
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll/ Trust Fund Penalty Cases
Our Company Resume: ( Since 1982 )
- Our staff has over 163 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
by steve | May 5, 2011 | IRS Tax Advice, Tax News
Hire AFFORDABLE Former IRS agents and managers who know the systems.
Sebring, Lake Placid, Avon Park Owe – Florida Sales Tax Audit – Local Experts
Fresh Start Tax LLC A Local Professional Tax Firm “A” Plus Rated by the Better Business Bureau Practicing State and Federal Tax Audits since 1982
If you owe or getting audited by the State of Florida Department of Revenue call us for a free consultation today. We have over 163 years of professional tax experience and over 60 years of working for State and Federal Agencies in the State of Florida.
We have represented thousands of Floridians since 1982.
We are one of the oldest, most trusted and experienced tax firms.
Why hire Fresh Start Tax, LLC? We tell you the truth!
1. Fresh Start Tax, LLC is a local Florida Tax Firm whose principles have been practicing Tax Law and IRS Representation in Florida since 1982.
2. On staff are Board Certified Tax Attorneys, CPAs and former IRS Agents, Managers and Tax Instructors who’ve worked at the IRS over 60 years collectively.
3. Former IRS Agents, Managers and Instructors will manage, review, represent and settle your tax case for the best possible settlement.
4. We are one of most trusted Professional Tax Firms in Florida with over 163 years of professional tax experience.
5. We have an “A” Plus Rating by the Better Business Bureau.
How we successfully work Florida Sales Tax Audits:
Being former government agents we are uniquely qualified to handle all State and Federal Tax Audits. Our firm has over 163 of professional tax experience, 60 years of working for the government, and we are former agents and tax managers.
1. We immediately contact the Florida or State Department of Revenue and send to them a power of attorney so they must speak only to us.
2. We review all documents and correspondence that you have received up to this period of time.
3. We review all your tax records necessary for the tax audit.
4. We then meet with the State, taking as much time as it requires and have the State issue a final report.
5. We review all closing documents from the audit with our clients and make decisions on possible settlement options.
6. Make decisions on whether appeals or necessary or work out possible payment agreements.
Our Company Resume: ( Since 1982 )
- Our staff has over 163 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”Plus
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
by steve | May 5, 2011 | IRS Tax Advice, Tax News
There is no standard form available for an
application for Requesting the United States to
Release Its Right to Redeem Property Secured by
a Federal Tax Lien. Prepare your request in the
form of a typed letter and submit it with all
accompanying documents to:
IRS, Attn: Technical Services Advisory Group Manager
(Address Application to the IRS office that filed the lien. Use
Publication 4235, Technical Services Advisory Group
Addresses, to determine where to mail your request.)
General Information
Section 7425(d) of the Internal Revenue Code provides
that the United States may redeem real property sold
in a nonjudicial proceeding when the sale is made to
satisfy a lien prior to that of the government. The
Technical Services Advisory Group Manager for the
Internal Revenue Area in which the property is located
has been delegated authority to release any right to
redeem property.
The government may release its right of redemption if
you pay the Internal Revenue Service an amount equal
to the value of that right; or if the IRS determines that
the right of redemption is valueless.
Please follow all applicable instructions in this
publication when you apply for a release by the United
States of its right to redeem property under IRC
Section 7425(d).
General Instructions
How to Prepare an Application
Requesting the United States to Release Its Right to Redeem
Property Secured by a Federal Tax Lien
(over)
1. Do not send any payment with your
application. The Technical Services Advisory
Group Manager will notify you of any amount
due after your application is investigated and
approved. When your payment (if required) is
received, the Technical Services Advisory
Group Manager will issue you a release of the
right to redeem property.
2. Please send payment in cash, or by United
States postal or bank money order, or a
certified, cashier’s or treasurer’s check. Any
payment made with uncertified funds will delay
issuance of the release of the right to redeem
until the funds are validated and honored.
NOTE: Any questions regarding payment can
be addressed with the Technical Services
advisor assigned to handle the investigation.
3. JUDICIAL PROCEEDINGS – You can get an
application for a release of right to redeem
property from the United States Attorney’s
office for the judicial district in which the
property subject to the right of redemption is
located, if the United States has been properly
named a party defendant in a judicial
proceeding under Section 2410 of Title 28,
United States Code.
Specific Instructions
Important: You must include the date of your
application.
1. Please give the name and address of the
person requesting the United States to release
its right to redeem property under Internal
Revenue Code (IRC) section 7425(d).
2. Describe the property for which you are
requesting the United States to release its
right of redemption. Use the description in
the title or deed to the property, or attach a
certified copy of the title or deed. Include
street address, city and state. Indicate
whether it is a personal residence, rental
property, commercial property, unimproved
property, etc., at the time of the nonjudicial
sale.
3. Furnish the following information about the
nonjudicial sale (such as a foreclosure,
execution, state or local tax sale):
• Date sale was held.
• Name and address of the Technical
Services Advisory Group Manager to whom
the notice of sale was sent (if known).
• Name and address of purchaser.
• Purchase price.
4. If the property owner at the date of this
application was not the purchaser at the
nonjudicial sale, give the owner’s name and
address.
5. List the encumbrances you want to have
considered. For each encumbrance show:
• Name and address of holder.
• Description of the encumbrance.
• Date it arose.
• If the encumbrance was recorded, give the
date and place.
• The original principal amount of the
encumbrance and the interest rate.
• The principal amount due as of the date of
the application, if known. (Show costs and
accrued interest separately.)
• Your family relationship, if any, to the
holder of any other encumbrance on the
property.
6. Attach a copy of each Notice of Federal Tax Lien
affecting the property, or furnish the following
information as it appears on each filed Notice of
Federal Tax Lien:
• Name of the Internal Revenue Area Office.
• Name and address of the taxpayer.
• Date and place each notice was filed.
7. Give your estimate of the fair market value of
the real property with a detailed explanation of
how you arrived at the estimate.
8. The Technical Services Advisory Group
Manager may request you to furnish additional
information.
9. Provide a daytime telephone number and E-mail
address (if available) where you may be
reached.
10.Provide the name, address, telephone number
and E-mail address of your attorney or
representative, if you have retained one.
11.You must make the following declaration over
your signature and title. “Under the penalties of
perjury, I declare that I have examined this
application (including any accompanying
schedules, exhibits, affidavits, and statements)
and to the best of my knowledge and belief it is
true, correct, and complete.”
If the Lien Is Filed In: Send Correspondence to
IRS Advisory Group at:
Area Location Address Contact # Fax #
North Atlantic Connecticut, Maine, Massachusetts, New
Hampshire, Rhode Island, Vermont 15 New Sudbury Street, JFK Building, Rm. 800,
PO Box 9112, Stop 20800A, Boston, MA 02203 617-316-2608 617-316-2606
Eastern and Southern New York
(Hudson Valley) 1 Clinton Ave. & No. Pearl,
Albany, NY 12207 518-427-4178 518-427-4214
Bronx, Manhattan, Rockland, Staten Island
and Westchester Counties 290 Broadway
Manhattan, NY 10007 212-436-1314 212-436-1203
Brooklyn, Queens and Long Island 10 Metro Center, 625 Fulton St
Brooklyn, NY 11201 718-488-2826 718-488-2738
Western and Central New York Room 109, 130 S. Elmwood Ave
Buffalo, NY 14202-2464 716-961-5381 716-961-5067
Central Western Pennsylvania 1000 Liberty Ave Room 704, Pittsburgh, PA 15222 412-395-5200 412-395-5291
Publication 4235 (Rev. 6-2010) Catalog Number 37262G Department of the Treasury Internal Revenue Services www.irs.gov
