by Fresh Start Tax | Dec 6, 2012 | Tax Relief
One of the” Highest Rated Tax Relief Service Company” – Tax Attorneys, TAX Lawyers, Former IRS – IRS Tax Relief
We are a A PLUS rated professional firm by the Better Business Bureau.
Free tax consultations. we take no fees unless we know we can help you.
We are a full service tax firm.
We are comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s, Enrolled Agents and Former IRS Agents.
Our Former IRS Agents had many different roles at the IRS. They served in the following positions and capacities :
1. Revenue Agents,
2. Revenue Officers,
3. Managers,
4. Instructors at the Regional Training Centers,
5. Appeals Agents,
6. TEFRA coordinators,
7. Settlement & Closing agents .
We are a A PLUS rated professional firm by the Better Business Bureau.
There are a lot of outstanding professional tax firms and many to chose from. So how do you know which of the best to chose from?
Being a Former IRS Agent and working over 15,000 lifetime cases I will share with you some thoughts and ideas of what to look for in choosing a tax relief, tax services firm:
1. Check the firms professionals credentials,
2. Check out the Better Business Bureau ratings,
3. Check out any complaint history,
4. Conduct a Google Web Search to comments or complaints about the firm,
5. Ask to speak directly to the person that will be working your case,
6. Ask about similar cases and what typical results could be,
7. Ask about fees and fee structures, firms should be able to flat fee bill,
8. Ask about options and strategies in working the case,
9. Ask how many similar cases they have worked in the past 3 years,
10. If they are not in the office who else can handle the case.
Areas of Professional Tax Practice:
- Same Day IRS & State Tax Representation
- Offers in Compromise and 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” or Seize
- IRS and Sales Tax Audits
- IRS Hardships Cases or Unable to Pay( CNC )
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll Tax Settlements
- Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
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” PLUS
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM and WAFM Monthly Radio Show-Business Weekly
Highest Rated Tax Relief Service Company -Tax Attorneys, Tax Lawyers, Former IRS – IRS Tax Relief
by Fresh Start Tax | Dec 5, 2012 | IRS Tax Problem, Tax Relief
Tax Relief Company Florida – IRS & State Tax Problems Resolved – Attorneys, Lawyers, Former IRS – Tax Experts
We are Florida’s premier professional tax relief company.
All consultations are free of charge and we will not take any case unless we absolutely know we can get results. 1-866-700-1040.
We have over 206 years of professional tax experience and over 60 years of direct IRS experience in the local, district and regional offices of the Internal Revenue Service.
As Former IRS agents, we taught Tax Law at the IRS. Also on staff are former IRS Appeals Agents who specialize in tax settlements and resolution.
We have worked thousands of cases since we began our private practice in 1982. We have brought our private practice to the Internet and have a A plus rating by the Better Business Bureau.
Areas of Professional Tax Practice:
- Same Day IRS or State Tax Representation
- Offers in Compromise / 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”or Seize
- IRS or Sales Tax Audits
- IRS Hardships Cases Currently 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
- Innocent Spouse
- FBAR
- Expatriate Cases
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,
- Former IRS Appeals Settlement Agents,
- We taught Tax Law in the IRS Regional Training Centers
- 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” PLUS
- Fast, affordable, and economical
- Licensed and certified to practice in all 50 States
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published EZINE Tax Expert
- As heard on GRACE 90.3 FM Monthly Radio Show-Business Weekly and WAFM Radio
Do not be bullied by the IRS or the State,fight back with Former IRS agents, managers, tax attorneys and tax lawyers.
Tax Relief Company Florida – IRS & State Tax Problems Resolved – Attorneys, Lawyers, Former IRS – Tax Experts
by Fresh Start Tax | Dec 3, 2012 | New Jersey Tax, Tax Lawyer, Tax Relief
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS – Essex, Morris, Bergen, Passaic, Union – New Jersey
Stop the worry today. You have options to settle with the IRS. Just ask Former IRS agents and managers.
We are comprised of Board Certified Tax Attorneys, IRS Lawyers, CPA’s, Enrolled Agents and Former IRS agents.
We have over 206 years of total IRS tax experience and over 60 years of direct IRS experience in the local, district and regional offices of the Internal Revenue Service.
As former IRS Agents we taught Tax Law at the IRS.
We know all the settlement techniques and tax policies related to all the Tax Relief Services with the IRS.
We can review the different tax options and settle your case with the IRS.
We are affordable and you can speak directly to the tax professional that will be handling your case. All work is done in house by true tax professionals.
How we Settle and Negotiate your case with the Internal Revenue Service:
1. We will immediately send a power of attorney to the Internal Revenue Service letting them know that we are now your tax representative.
You will never have to speak to the IRS. We handled all letters and contact.
2. We will make sure all your tax returns are filed and current. If your tax returns are not up to date, the IRS can refuse to work your case. This is leverage that the IRS will use to get you tax compliant.
We can and will pull tax transcripts, file and prepare your tax returns within days, even if you have lost or have few tax records.
3. The IRS requires a current financial statement. We will secure a required 433-A , 433F (IRS financial statement), verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case. All cases are reviewed against the National Averages.
4. We review with our clients how they want to settle their case.
We will get you an agreement based on your current financial needs.
IRS Tax Settlement Agreements can be in different forms:
a. Hardship Settlements.
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, installment plans,
Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required. The Streamline agreement is the most popular.
c. IRS Offer in Compromise/ Tax Debt Settlements
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 or Exceptional Circumstances.
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. Most of these offers are accepted due to medical hardships.
Do not be ripped off by other tax firms call us to hear the truth. 1-866-700-1040.
IRS Lawyer – Tax Relief Services – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Dec 3, 2012 | IRS Tax Debt, New Jersey Tax, Tax Lawyer, Tax Relief
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS
Have former IRS Agents, Managers and Instructors completely resolve your IRS tax debt and get you a permanent tax resolution.
We have over 205 years of professional IRS and State Tax Experience and over 60 years of direct work experience at the IRS. We taught Tax Law at the IRS.
We are affordable and friendly.
Different Ways to Resolve your case with the IRS
There is a very specific process that the IRS uses to close all outstanding tax debt off of the CADE 2 enforcement computer.
IRS will require a base financial statement. Depending where your case is in the system IRS will either require a 433A or a 433 F financial statement.
In each case the financial statement will need to be fully documented.
Documentation will include but limited to 6 months of bank statements, bills or expenses and proof of income. IRS will compare your expenses to the National and Regional Standards. You can observe those on our website.
The three normal closing methods used by the IRS after a review of the documented financial statement are the following:
1. You will qualify for a IRS Hardship,
2. You will qualify for a IRS installment payment,
3. You will be eligible for a tax settlement.
Before you decide whether a tax settlement is right for you, make sure you are eligible.
Before the IRS can consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Submitting your offer in compromise.
You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). You can find this on our website.
a. Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms,
b. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
c. $150 application fee (non-refundable); and
Initial payment (non-refundable) for each Form 656.
Select a payment option
Your initial payment will vary based on your offer and the payment option you choose:
1. Lump Sum Cash.
Submit an initial payment of 20 percent of the total offer amount with your application. You will wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
2. Periodic Payment.
You will submit your initial payment with your application.You should continue to pay the remaining balance in monthly installments while the IRS considers your offer.
If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the offer in compromise process
While your offer in compromise is being evaluated:
1. Your non-refundable payments and fees will be applied to the tax liability,
2. A Notice of Federal Tax Lien may be filed by the IRS,
3. Other IRS collection activities are suspended,
4. The legal assessment and collection period is extended;
5. Make all required tax payments associated with your offer,
6. You are not required to make payments on an existing installment agreement or payment plan and,
7. Your offer in compromise is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
IRS Tax Debt Relief – Tax Resolution – Tax Attorneys, Former IRS Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Nov 29, 2012 | IRS Tax Problem, New Jersey Tax, Tax Lawyer, Tax Relief
IRS Lawyers, Tax Attorneys – IRS Problems, Tax Relief Resolution
We are comprised of Board Certified Tax Attorneys, Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors.
We have over 205 years of total tax experience and over 60 years of direct work experience at the IRS. We solve all IRS problems and can get you immediate tax relief resolution.
We taught Tax Law at the IRS and have trained IRS agents. We know all the tax policies and tax procedures.
We offer a no cost 30 minute tax consult. You will speak directly to a tax professional 1-866-700-1040.
Fresh Start Tax LLC – New Jersey
209 Cooper Ave,
Upper Montclair, NJ 07043
1-866-700-1040
The use of a professional tax firm.
There are many companies that appear on the web. At best guess there are over 100,000 companies that claim to resolve IRS problems and can get you tax relief resolution.
The average consumer is not aware of a simply fact, most of the companies that advertise are ” lead generators”.
A lead generator sets up a website that appears to be like a professional site. The lead generators then sell your information or lead to the highest bidder. Most bids fall in the $60 range.
Your information is being sold to third parties you have no idea about.
When hiring a professional tax firm, check out the following:
1. The professional credentials,
2. Check out the years of IRS experience,
3. Check out BBB ratings,
4.Check out the staff, make sure the tax firm has multiple professionals that can handle your case,
5. Ask to speak directly to the tax professional that will be handling your work, a secretary will not do,
6. If they guarantee a result, run away as fast as you can,
7. If they brag about settling your case for pennies on a dollar be very careful, true professional firms are not fast to make such claims until the case has been thoroughly reviewed,
8. Make sure to ask on similar cases like yours, what are typical results.
9. Let your gut and instinct take over,
10. Make sure you call around and hear from a least three companies.
Call for a no cost consult 1-866-700-1040.
IRS Lawyers, Tax Attorneys, Former IRS, – IRS Problems, Tax Resolution, – Upper Montclair, Cedar Grove, West Orange, Ridgewood, Mendham, Franklin Lakes, Newark, Bernardsville, – New Jersey
by Fresh Start Tax | Nov 24, 2012 | Tax Relief
IRS Notice 87-13 – Early Withdrawal from IRS & Pension Plans – IRS Tax Help, Former IRS Agents
Most distributions from an IRA, 401(k) or other retirement plan generally must be included as part of your taxable income. That is simply the tax law.
Withdrawals from a retirement account(s) may be subject to an additional tax of 10% if the distribution is made before you reach age 59.1/2 years old.
10% Penalty from Early Distributions from all Retirement Plans
If you withdraw money from a qualified retirement plan, you may be subject to an additional tax of 10%, however there are exceptions.
Facts about a Roth IRA
Fact is this penalty may apply to Roth IRAs even if it has been at least five years since you first opened up your Roth account.
For Roth IRA account holders.
It will be crucially important to review the exceptions to the 10% penalty, as otherwise the Roth IRA distribution could become subject to both tax and the 10% penalty.
The additional tax on an early distribution is 10% of the taxable amount.
The taxable amount is also included in your taxable income.
You can possibly avoid this additional tax penalty if you meet certain criteria, but you cannot avoid including your retirement withdrawal from your taxable income.
You will want to consider the tax impact before you dip your retirement accounts for short term financial emergencies. You should contact your professional tax advisor to find out more.
Simple IRA
If you withdraw money from a SIMPLE IRA and you first began participating in a SIMPLE IRA
Hardship withdrawals
Not all distributions from qualified plans are subject to a 10% excise tax when they are paid to a participant prior to attaining age 59½.
Hardship distribution from a retirement plan
A retirement plan may, but is not required to, provide for hardship distributions. Many plans that provide for elective deferrals provide for hardship distributions.
A 401(k) plans, 403(b) plans, and 457(b) plans may permit hardship distributions.
If a 401(k) plan provides for hardship distributions, it must provide the specific criteria used to make the determination of hardship.
For an example a plan may provide that a distribution can be made only for medical or funeral expenses, but not for the purchase of a principal residence or for payment of tuition and education expenses. In determining the existence of a need and of the amount necessary to meet the need, the plan must specify and apply nondiscriminatory and objective standards.
The rules for hardship distributions from 403(b) plans are similar to those for hardship distributions from 401(k) plans.
If a 457(b) plan provides for hardship distributions, it must contain specific language defining what constitutes a distribution on account of an “unforeseeable emergency.”
Definition of hardship for a 401(k) plan?
For a distribution from a 401(k) plan to be on account of hardship, it must be made on account of an immediate and heavy financial need of the employee and the amount must be necessary to satisfy the financial need.
The need of the employee includes the need of the employee’s spouse or dependent.
Under the provisions of the Pension Protection Act of 2006, the need of the employee also may include the need of the employee’s non-spouse, non-dependent beneficiary.
Whether a need is immediate and heavy depends on the facts and circumstances. Certain expenses are deemed to be immediate and heavy, including:
1. certain medical expenses;
2. costs relating to the purchase of a principal residence;
3. tuition and related educational fees and expenses;
4. payments necessary to prevent eviction from, or foreclosure on, a principal residence;
5. burial or funeral expenses; and
6. certain expenses for the repair of damage to the employee’s principal residence.
A financial need may be immediate and heavy even if it was reasonably foreseeable or voluntarily incurred by the employee.
A distribution is not considered necessary to satisfy an immediate and heavy financial need of an employee if the employee has other resources available to meet the need, including assets of the employee’s spouse and minor children.
Whether other resources are available is determined based on facts and circumstances.
For example, a vacation home owned by the employee and the employee’s spouse generally is considered a resource of the employee, while property held for the employee’s child under an irrevocable trust or under the Uniform Gifts to Minors Act is not considered a resource of the employee.
A distribution is deemed necessary to satisfy an immediate and heavy financial need of an employee if:
a. the employee has obtained all other currently available distributions and loans under the plan and all other plans maintained by the employer; and
b. the employee is prohibited, under the terms of the plan or an otherwise legally enforceable agreement, from making elective contributions and employee contributions to the plan and all other plans maintained by the employer for at least 6 months after receipt of the hardship distribution.
A hardship distribution may not exceed the amount of the employee’s need. However, the amount required to satisfy the financial need may include amounts necessary to pay any taxes or penalties that may result from the distribution.
