by Fresh Start Tax | Jun 27, 2012 | Abatements, Back Taxes, Expatriate Tax, FBAR, Income Tax Preparation, IRS Tax Problem, Representation, Tax Lawyer, Tax Returns, Tax Settlements
The IRS is already starting to bear down very hard on Ex-Pats and there late, past due and or delinquent tax returns.
The IRS has dedicated so much more revenue to oversees tax collections and tax audits. These groups of agents are called Revenue Agents. They are currently being trained to go after easy tax money and easy tax targets, and those are the Expats. they have been well trained and also experienced for fraud indications.
The IRS has finally wised up and realized that instead of going after the deadbeats who lives within the boundaries or confines of this great country, the new found jackpot is where the money and the leverage is sitting and that my friends is the IRS new target, Ex Pats and FBAR.
Many of the Ex-Pats who have not filed were unaware of the filing issue or the tax laws. I would say over 50% of the cases we work are due to the lack of knowledge and ignorance of the law. If that is the case, we can get penalties and interest, removed or abated for reasonable cause.
How we handle Ex Pat cases regarding late, past due, back or delinquent returns:
We send to IRS a Power of Attorney indicating that the IRS is not to talk or contact the taxpayer.
We then secure the necessary documentation from our client and secure internal records that the IRS has in house. IRS stores all income information for 7 years.
In the case of lost records we file reconstructed tax returns. We have filed so many reconstructed tax returns these never become a problem. A good deal of taxpayers who have lost there records are afraid to file because many years have gone by. Believe it or not IRS is happy to get the returns and get you back in tax compliance.
Keep one thing in mind, if the IRS sends you a letter about filing your late, back, past due or delinquent tax returns and you do not respond,the IRS has the right to file for you and this a called a substitute for return. ( SRF )
The bottom line, we can file all your tax returns with or without records and also settle your back IRS tax debt.
We are comprised of Tax Attorneys, CPA’s and Former IRS agents with over 60 years of professional tax experience.
Call us today for a no cost consult. 1-866-700-1040
Call us and see how easy this can be. You can do this worry free!
by Fresh Start Tax | Jun 25, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, Representation, Tax Lawyer, Tax Returns
Expatriates – Ex Pat’s file Back Tax Returns – Former IRS Agents – Tax Attorneys, CPA’s, Former IRS Agents – Worry Free
If you are an Ex-Pat or you are working overseas you should be aware of the U.S. tax filing requirements.
Fresh Start Tax L.L.C. is a tax specialty firm specializing in Expatriates living overseas. We handle all areas of filing and tax compliance from the filing of all current tax returns, back or late filing of income tax returns and the settlements of back taxes that may be owed. We are IRS Tax Experts in Offers in Compromise.
We offer a no cost professional tax consultation.
Americans that are working overseas are usually aware that $70,000 of foreign earned income can be exempted when certain foreign residency requirements are met.
What is not obvious – Caution
It may not be so obvious, however, that every year a federal tax return should be filed reporting that income.
The reasons for Non- filing are numerous and vast.
Usually, United States IRS tax forms are not available and many of those forms are available but incomprehensible or the tax year for the employer is different from a calendar year so it’s hard to figure out income.
Many taxpayers are simply aware that a tax filing requirement even existed.
Reasonable Cause Does Exist-Get rid of the Penalties completely.
Reasonable cause can exist for a variety of reasons. Many times it is not always clear to the taxpayer that it is necessary to file a federal tax income tax return since it was not even known that there was a tax obligation. Many times taxpayers did not receive income reports or they depended on other third parties who gave them the wrong information.
Whatever the reason, it usually happens at some point that the taxpayer becomes aware of the fact that a U.S. tax return should have been filed and now the taxpayer is in default on that tax obligation to file current tax returns. Many find out they should have been filing many years of back taxes. Not to worry.
You can look at our website for a comprehensive list of of reasonable cause.
We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents.
Expatriates, Ex-Pat’s File Back Tax Returns call us today. 1-866-700-1040
by Fresh Start Tax | Jun 20, 2012 | Expatriate Tax, Representation, Tax Returns
Expatriates File Tax Returns – Living in England 1-866-700-1040
Let Former IRS Agents and CPA’s help reduce your tax debt.
We understand all the tax exclusions related to expatriate tax returns, and will help figure out how you can pay the lowest amount allowed by law.
If you are now living in England and need to file American tax returns call us today and we can fully take care of all your tax matters.
Free tax consultations. 1-866-700-1040.We also have on staff IRS tax attorneys and lawyers.
We have on staff Board Certified Tax Attorneys ( Experts in Expatriate Tax Law ), CPA’s and Former IRS Agents who have over 60 years with the IRS in the local , district and regional offices of the Internal Revenue Service.
We taught Tax Law at the IRS.
Those living in England
We want to remind those living in England and needing to file American expatriate taxes the option to e-file. E-filing has become the most popular way to file American expatriate taxes with nearly 80% of taxpayers choosing to file electronically.
More than one billion individual tax returns safely and securely filed online, and we what to remind our taxpayers clients why it has become the very best option for filing.
The benefits of E-File an American Expatriate Tax Return:
1. Safety, peace of mind, and security.
E-file providers must meet strict guidelines and provide the best in encryption technology. You receive an acknowledgement within 48 hours that the IRS received your return. If the IRS rejects the return, the receipt will explain why so you can quickly correct and resubmit.
2. Much Faster refunds.
An e-filed tax return normally means a fast refund. If you combine e-file and direct deposit the IRS can typically issue your refund in as few as 10 days. About three of four taxpayers receive a refund and last year the average refund was approximately $2,900.
3. Different payment options.
If you e-file you can file early and set an automatic payment withdrawal date for any date on or before the April due date. You may also pay by paper check or even by credit card.
We can also file all back, late or past due tax returns and work out a tax settlement if necessary.
Expatriate File Tax Returns – England – IRS Experts, Former IRS – Affordable
by Fresh Start Tax | Jun 19, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, Tax Help, Tax Returns
We are a Christian Tax Firm <>< specializing in Expatriates tax situations, tax problems and tax resolutions.
We have on staff Christian Tax Attorneys, CPA’s and Former IRS Agents.
We have over 205 years of professional tax experience and over 60 years working directly for the IRS in the local, district and regional IRS offices.
We are IRS tax experts in all Expatriate Tax Problems.
Christian Tax Help – How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
If you need to file a income tax return or have to file back taxes for unfiled years call us today for a free tax consultation.
Should you owe back taxes we can work out a tax settlement called the offer in compromise.
We will give you good solid Biblical Advice.
We are on Christian Radio and you can hear us on Grace FM and fully support REACH FM.
Penalty imposed for not filing expatriation form – Penalty for Non Filing
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854.
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 penalty.
If this has happened to you and you need to get penalties and interest abated or removed call us today to see if you have reasonable cause to abate the penalties and interest.
Christian Tax Help – Expatriates Tax Problems – Tax Returns, Settlements – Tax Attorneys, CPAs, Former IRS
by Fresh Start Tax | Jun 19, 2012 | Back Taxes, Expatriate Tax, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Representation, Tax Help, Tax Lawyer, Tax Returns, Tax Settlements
If you are a Ex-Pat and have late, past due, back or unfiled tax returns contact us today for a free tax consultation to completely resolve your tax problem.
We can get you back in the system worry free.
Being Former IRS Agents and Managers we know the system because we were former IRS teaching Agents. We know all the tax procedures and protocols.
We have on staff CPA’s and Tax Attorneys to help deal with any and all tax situations.
We have successfully filed and prepared thousands of back, late, unfiled, past due tax returns.
We will handle all IRS negotiations so you will never be bothered with the IRS.
Should you owe any back taxes we can work out tax settlements called offers in compromise so you will not be effected in any way with the tax debt.
Call us for a free tax consult and speak directly to a tax professional.
Filing Dates for tax Returns:
March 15th Form 1120 and 1120S – Due date for US Corporations and Sub-chapter S corporation unless extended with tax Form 7004.
March 15th – Due date of Form 3520A for foreign trusts
April 15th- Due date for payment of any taxes due for previous calendar year (though if you are living abroad on 4/15 your tax return gets an automatic extension until 6/15)
April 15th Due Date – Form 1040 ES – No 1 pay current years first installment of quarterly income and self employment taxes to avoid penalties.
June 15th Form 1040 ES – No 2 pay current years second installment of quarterly income and self employment taxes to avoid penalties.
June 15th Due date- Expatriate tax return (for expatriate living abroad on 4/15) or time to file for an extension on Form 4868
June 30 Form TDF 90-22.1 US Treasury Form Report of Foreign Bank Accounts Due Date.
July 30th Due date – Self Administered Pension Plan and 401K Tax Return From 5500 or 5500EZ
September 15th Form 1040 Due Date – ES – No 3 pay current years third installment of quarterly income and self employment taxes to avoid penalties.
September 15th Extended Due Date – U.S. Corporation Returns 1120 and 1120S
October 15th Final Expat Form 1040
January 15th Form 1040 ES – No 3 pay past calendar years fourth installment of quarterly income and self employment taxes to avoid penalties.
If you have penalties and interest that need to be addressed call us today to remove penalties and interest for reasonable cause.
by Fresh Start Tax | Jun 19, 2012 | Back Taxes, Expatriate Tax, IRS Tax Audit, Offer in Compromise, Representation, Tax Lawyer, Tax Returns
If you are looking for true professional tax help, advice call Fresh Start Tax L.L.C. for a no cost tax consultation. 1-866-700-1040.
We are true tax experts.
We file all current tax return via e-file and we can file any multiple back, late, or unfiled years tax returns. Should you owe back taxes we can also work on a settlement with the IRS called an offer in compromise or a tax debt settlement.
We can help audit proof your tax return. We have Former IRS Agents and IRS Audit Managers review your tax returns and conduct a pre-audit review to ensure a safe and worry free return. We also take assertive positions to reduce your tax liability so you pay the lowest tax allowed by law.
We are staffed with Tax Attorneys, CPA’s and Former IRS agents, managers and instructors who have over 205 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
Expert Expatriate Tax Services, Tax Consultation and Tax Advise.
We will review all of your U.S. Tax Obligations while living abroad and make determinations of which events are and or not taxable.
We also will review all Earned Income exclusions to give you every tax benefit available to you.
We also go over all the tax treaties which range and cover over 60 countries. We review all social security, medicare and self employment tax issues.
U.S. Social Security, Medicare, and Self-Employment Taxes
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If you are an offshore employee of a U.S. corporation, that employer will normally withhold Social Security and Medicare taxes on your W-2 earnings.
Should you be working for a United States based employer in one of the 20-plus countries with which the U.S. has established a Social Security Totalization Treaty, you may be able to cite a closer connection to the foreign country and participate in that country’s social insurance system, and not have U.S. Social Security and Medicare taxes withheld from your United States pay.
Call us today for a free tax consultation, 1-866-700-1040.
