by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
I am a former IRS Agent, a Revenue Officer for over 10 years with the IRS as well as a tax instructor with the IRS.
Contrary to popular belief it is not necessary for the IRS to set up the trust fund penalty and all cases. IRS tries to bully there way thru this process but the IRM, the bible of IRS specifically says that determinations of collectibility should be made BEFORE the liability of the trust fund is asserted.
See this IRM section .5.7.5.2 (04-13-2006)
Before the IRS sets up the trust fund penalty they must makes collectibility determinations to see if the liability should be asserted. To set up the penalty when the case has no collection potential is poor judgement.
The IRS will use these factors for there determination of the collectibility of the trust tax penalty:
1. IRS will secure Form 433–A, Collection Information Statement for Wage Earners and Self-Employed Individuals. IRS may use short form Form 433-F.
2. If the case is over $100k they will always use the 433A, the longer of the IRS financial statements.
3. All financial information needs to be financial info within the last 12 months.
4. Each Revenue Officer will use there gut feeling on each case.
5. IRS will check to see if bankruptcy has been filed.
6. Income history and income potential will play a role.
7. Asset potential (likelihood of increase in equity in assets and taxpayer’s potential to acquire assets in the future)
8. IRS will check to see if prior trust fund penalties have been set up.
9 IRS will check on the existence of prior Currently Not Collectible (CNC) cases
10. IRS will research the taxpayer’s information by using the internal and external sources, as well as any other applicable sources, to verify and determine collectibility.
You should always hire a true IRS Tax Expert in dealing with these IRS problems. Your best representation is always former IRS Agents.
by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Professional Tax Firm Since 1982 Former IRS Agents
From time to time the IRS News Wire put out information that is valuable to our clients. This article is about making payments to the IRS.
Making payments to the IRS:
Never ever send cash!
If you file electronically, you can file and pay in a single step by authorizing an electronic funds withdrawal via tax preparation software or a tax professional.
Whether you file a paper return or electronically, you can pay by phone or online using a credit or debit card.
Electronic payment options provide an alternative to paying taxes or user fees by check or money order. You can make payments 24 hours a day, seven days a week. Visit the IRS website at http://www.irs.gov and search e-pay, or refer to Publication 3611, IRS e-File Electronic Payments for more details.
If you itemize, you may be able to deduct the convenience fee charged for paying individual income taxes with a credit or debit card as a miscellaneous itemized deduction on Form 1040, Schedule A, Itemized Deductions. The deduction is subject to the 2 percent limit.
Enclose your payment with your return but do not staple it to the form. IRS hates staples
If you pay by check or money order, make sure it is payable to the “United States Department of the Treasury.”
Always provide your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number on the front of your check or money order.
Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently.
For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at http://www.irs.gov.
by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
Affordable Fresh Start Tax LLC A South Florida Professional Tax Firm practicing IRS Representation and IRS Tax Relief since 1982 right here in South Florida
If you owe the IRS we are the tax firm you want to talk with.
There is absolutely no firm in South Florida more qualified with more IRS tax experience than Fresh Start Tax LLC.
You will never speak to the IRS. We will close your case for the lowest possible amount. Our 60 years with the IRS in the local, district and regional offices will get the results you need.
If you owe money to the IRS, let our 60 years of work experience at the IRS work for you.
We can get you Immediate and Permanent Tax Relief today.
Owe the IRS, area of representation.
- 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
- Non-filers, never filed, old and past due tax returns
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 140 years of professional tax experience.
5. We have an “A” Rating by the Better Business Bureau.
by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
Affordable Fresh Start Tax LLC A Professional Tax Firm “A” Plus Rated by the Better Business Bureau
Former South Florida IRS Agents, Managers, and Instructors for over 60 years. We have been practicing tax relief in South Florida since 1982.
Never speak to the IRS. Hire the BEST at the same cost.
Let former IRS Agents who know all the tax strategies help settle your case. Let our 60 years work experience at the IRS get the results you need.
If you need immediate TAXES HELP call our firm today for a free tax consultation. there is no firm in the South Florida area that is more trusted and that has 140 years of IRS tax experience
What is the area of your tax help:
- 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
- Non-filers, never filed, old and past due tax returns
TAXES HELP ! How we handle your IRS case to get you immediate tax relief/help and permanently end your IRS Tax Problem
- We obtain all the information from our clients and get an accurate description of the problem.
- We immediately send a power of attorney to the IRS so you never have to speak to them.
- We immediately have the IRS stop all of their enforcement action with that first call.
- We make sure the tax liability is correct by pulling tax transcripts and documents from the IRS’ computer.
- We file any returns that the IRS needs to get you current. All tax returns must be filed before the IRS will consider any agreements.
- We make sure your case is settled for the lowest possible amount allowed by law by going over all the different options that are available to you.
Call us or visit us today for a free face to face conference.
by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
IRS Problem Resolution – Miami. Ft.Lauderdale. West Palm- IRS Tax Expert – IRS Help 954-492-0088
Fresh Start Tax LLC A South Florida Professional Tax Firm “A” Plus rated by the Better Business Bureau Practicing IRS Tax Resolution in South Florida since 1982
We are former IRS Agents who worked for the IRS in the district and regional offices.
We can get you immediate and permanent tax relief.
You will never have to talk to the IRS.
If you are having a problem with the Internal Revenue Service you should consider hiring former IRS Agents, Managers and Instructors who worked out of the South Florida offices for over 60 years.
We are true IRS Tax Experts and we are one of the oldest, must trusted and experienced tax firm in South Florida.
We have over 205 years of professional tax experience. If you have having any problem with the IRS we can start to fix the problem today with one phone call.
What is your tax issue:
- 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
- Non-filers, never filed, old and past due tax returns
- IRS Problem Resolution
IRS Settlement Agreements/ Tax Debt Programs can be in different forms:
a. Hardship Settlements. Cases usually go into a 3 year suspended status because of an inability to pay. This is also called currently noncollectable. Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs IRS uses to find you the lowest possible amount required.
c. Offer in Compromise /IRS Settlements / Tax Debt Settlement Programs. There are three types of OICs:
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC.
To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Call us for a free tax consultation. Free video conferencing is also available.
IRS Problem Resolution – Miami. Ft.Lauderdale. West Palm- IRS Tax Expert – IRS Help
by steve | Apr 6, 2011 | IRS Tax Advice, Tax News
Fresh Start Tax LLC A Professional Tax firm handling all IRS tax problems and tax preparation. Have a former IRS Agent prepare and audit proof your tax return.
Tax Refunds and dates you should receive them:
Tax Return Processing Times If you file a complete and accurate paper tax return, your refund will usually be issued within six to eight weeks from the date it is received. If you filed electronically, your refund will normally be issued within three weeks after the acknowledgment date.
Check the Status By Phone You can check the status of your refund by calling the IRS Refund Hotline at 800–829–1954. When you call, you will need to provide your Social Security number, your filing status and the exact whole dollar amount of the refund shown on your return.
Mobile App :Check the Status with IRS2Go IRS2Go is a smartphone application that lets you interact with the IRS using your mobile device. Apple users can download the free IRS2Go application by visiting the Apple App Store. Android users can visit the Android Marketplace to download the free IRS2Go app. Simply enter your Social Security number, which will be masked and encrypted for security purposes, then select your filing status and the exact whole dollar amount of your refund shown on your return.
Delayed Refund There are several reasons for delayed refunds. For things that may delay the processing of your return, refer to Tax Topic 303 available on the IRS website at http://www.irs.gov, which includes a Checklist of Common Errors When Preparing Your Tax Return.
