by Fresh Start Tax | Sep 28, 2012 | Expatriate Tax, FBAR, Offshore Program, Tax Lawyer, Tax Returns
First it was UBS. No one knew where it would go from there.
But now Lichtenstein went down and caved in to US pressure and the US has turned its attention to other countries including Hong Kong.
The US government is putting on political pressure on foreign governments to hand over names and bank account holders to ensure that those individuals have filed FBAR’s and paid there legal tax.
If you have not done so and need professional tax representation call us today.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS agents.
One of the reasons you want to use our firm is because of our expertise with the IRS. We have over 206 years of professional tax expereince and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS.
We taught Tax Law at the IRS and know all the policies. and settlement policies.
We can file your FBAR, file your amended returns and settle your case. Stop the worry today.
It is very important that individuals or businesses that may have issues or problems to speak to tax professionals and discuss these issues before the IRS gets involved. and they will get involved.
Make sure you are absolutely clear on this, the IRS is coming.
The success so far by the US government and the IRS.
After the first two Programs run by the US government the IRS collected just north of $5 Billion in back taxes and penalties.With those types of numbers it does not take a genius that the Feds have found a source of revenue. Since both parties always pledges not to raise taxes this is an easy fix. Just enforce the tax laws to individuals who are wealthy and have fudge on there tax returns. There leverage, prison time.
The IRS is ramping up enforcement and the Feds are backing them up.
Next year the Administration is funding the IRS another $500,000 million to pursue tax cheats and work on non- compliance.
Make no mistake about it, the IRS is coming.
What happened in Liechtenstein.
Few saw this coming. With Liechtenstein being a small Alpine village of 36,000 people many thought it would never fall to IRS pressure, but it did.
Liechtenstein finally informed on their Bank Clients on the U.S. Tax Evasion Request to report on certain foreign accounts.
Liechtenstein has told there American clients of the principality’s oldest bank that U.S. authorities have requested their account data as they widen a tax probe for potential tax evasion and potential tax fraud. Investors are scrambling.
Accounts at’ Liechtensteinische Landesbank AG (LLB)” that contained at least $500,000 at any time since the beginning of 2004 are covered by the information request, according to a May 30 letter sent to a client by the principality’s tax authority. We have no idea how many accounts are included on this request however the word on the streets, “thousands”.
What is FATCA?
The Foreign Account Tax Compliance Act (FATCA) improves tax compliance involving foreign financial assets and offshore accounts. Under FATCA, certain U.S. taxpayers with specified foreign financial assets must report those assets to the IRS on Form 8938.
Call us today to find out more.
FATCA will require foreign financial institutions to report directly to the IRS information about financial accounts held by U.S. taxpayers.
The IRS offers an offshore voluntary disclosure program to help people get current with their taxes. The current program is open for an indefinite period until otherwise announced.
1-866-700-1040 Free tax consult Skype available
File FBAR – Hong Kong – Report & Settle Without Fear – US Tax Attorney Lawyers, Former IRS – Expatriate Help
by Fresh Start Tax | Sep 22, 2012 | Tax Problem Help, Tax Returns, Uncategorized
IRS and State Tax Services can be found all over the Internet in South Florida as all types of persons and tax firms compete for Tax Services work including IRS and State Tax Resolution.
It is important to pick the right tax firm to handle your Tax Services needs.
Fresh Start Tax LLC provides true tax experts for IRS & State Tax Resolution.
Fresh Start Tax LLC is comprised of Board Certified Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents.
As a Tax Services Firm we have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, district and regional offices of the IRS.
We are a full service tax firm in which all work is completed and executed in house by professional tax staff.
One of the goals of Fresh Start Tax LLC is to build permanent relationships with all our clientele. We are a quality driven firm and that can be clearly seen on our BBB rating.
We are “A” rated without complaint.
You may call us today for a no cost professional tax consult. 954-492-0088.
Tax Tip.
Many persons with IRS or State Tax Debt who desperately need resolution wait until the IRS of the State of Florida Department of Revenue make official contact with them. They bury their heads in the sand as if this problem will go away on by itself.
It is very prudent to contact them before they contact you. Waiting only increases penalties and interest and it gives the impression you have done nothing to resolve your IRS or State tax issue.
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
Tax Services, IRS & State Resolution, Former IRS Agents, South Florida, Ft. Lauderdale, Miami, Palm Beaches.
We are Fresh Start Tax LLC
by Fresh Start Tax | Sep 21, 2012 | Back Taxes, Income Tax Preparation, Tax Returns
Former IRS Agents, Free Consults, We Know the System
We have many taxpayers walk into our offices that have not filed back tax returns for years and years. The question is always this,
“How many years should be filed if a taxpayer has not filed in years?”
That answer will vary from practitioner to practitioner and most tax preparers are afraid to answer the question but out of the IRS IRM comes the answer and how the IRS wants the Agents to deal with the tax problem of not filed tax returns.
Below is the Internal Revenue Manual on the subject.
This section discusses the procedures involved in handling non-filed returns per IRM
Substitute for return (SFR) and delinquent tax return procedures were developed to deal with taxpayers who do not file required back tax returns for the IRS.
The purpose of the procedures is to assess the correct tax liability by either:
a. Securing a valid voluntary tax return from the taxpayer (delinquent return), or
b. If securing a return is not possible, computing tax, interest, and penalties based upon information submitted by payers, or based on other available information (SFR).
Source of Cases for the agent
IRS, Tax Examiners and Revenue Officers encounter non-filers in several ways.
For example,
1. From related cases/spin-off examinations
2. As project cases
3. As referrals from other functions
Enforcement Period
Policy Statement 5-133 (P-5-133), IRM 1.2.14.1.18,
Delinquent returns—enforcement of filing requirements, discusses delinquent returns and the enforcement filing requirements.
The enforcement period is not to be more than six years.
However, the extent to which delinquency procedures will be enforced will depend upon the facts and circumstances of each case, and by reference to factors ensuring evenhanded administration of staffing and other Service resources. Enforcement for longer or shorter periods may be used when consideration has been given to:
1. The taxpayer’s prior history of noncompliance.
2. The existence of income from illegal sources.
3. The effect upon voluntary compliance.
The anticipated revenue in relation to the time and effort, required to determine tax due. Any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
IRS does have the ability on special cases to extend the period to file more back or unfiled tax returns. If a taxpayer is loaded with assets and have not filed multiple tax returns the IRS can and will go back more, but special circumstance must exist.
However, as a very general rule, 6 years of back filing is very safe.In cases were taxpayers are W-2 taxpayers and then losing tax refunds IRS generally accepts three years.
However please be advised you can lose valuable Social Security credits.
Call us and we can review your case. 1-866-700-1040
Have Not Filed Tax Return in Years + File 3 – 6 years of Back Tax Returns – Former IRS – Fresh Start Tax
by Fresh Start Tax | Sep 20, 2012 | Back Taxes, Income Tax Preparation, Tax Returns
Fresh Start Tax LLC , since 1982 and “A” rated by the BBB. Serving all of South Florida. 954-492-0088
You can have Former IRS Agents and Managers who worked out of the South Florida IRS offices prepare your tax returns. Over 60 years with the local South Florida IRS offices.
Also staffed with CPA’s and Former IRS Appeals Agents.
It is very important your find a very good tax preparer. A good tax preparer can save you money, audit proof your tax return and give you a solid tax plan for the future.
They are a very important part of your financial life. You should chose a person or firm that you can trust to give you rock solid financial advice while saving tax and can keep you from a IRS tax audit.
Tips to find a Tax Preparer:
After working for the IRS for 10 years and being a Former IRS Instructor I have seen the good, the bad and the ugly with income tax preparation.
Living in South Florida presents challenges if you are randomly selecting a tax preparer. People put up shingles with little or no training. Many of these so called tax practitioners take one or two class and they believe they are tax experts.
Personally, I would not go to any firm unless they have processed over one thousand tax returns.
I would recommend these tax tips in choosing your preparer.
1. Find a local company. It is very important you get to met the person or firm preparing your tax return.
2. You should want to interview the preparer and get a gut feeling about he /she and the office environment.
3. Ask how many tax returns they have prepared.
4. Ask about there accounting achievements as well as there formal training and degrees.
5. Find out how long they have been practicing in the local area.
6. Ask them if they made a mistake who pays.
7. Contact the BBB or the Internet and find out if there are any complaints.
8. Ask them about there fees, are there fees flat rated. How much is tax planning?
Cautions
9. If they promise you a bigger refund, run!
10. If they do not ask for your receipts and documentation,run.
Tax Preparer, Income Tax Preparation, Former IRS , Fresh Start Tax LLC, Miami, Ft.Lauderdale, South Florida
by Fresh Start Tax | Sep 19, 2012 | Back Taxes, Tax Levy and Wage Garnishments, Tax Returns
IRS filed my tax return and levied my Bank & Wages – Stop the IRS NOW – Fresh Start Tax LLC 1-866-700-1040
IRS files thousands and thousands of tax returns each year and most taxpayers have no idea IRS created valid tax assessments with the taxpayers owing large sums of money for these unfiled tax years.
A great majority of our calls to our office deal with taxpayers who have just received a notice from there employer or bank that their wages or bank accounts have just been levied.
Fresh Start Tax LLC is comprised of Board Certified Tax Attorneys, CPA’s and Former IRS agents who have over 206 years of professional tax experience.
We have 60 years of direct work experience at the IRS.
We can file correct tax returns, reduce your tax debt and get your bank or wage levy or garnishment released. 1-866-700-1040
Stop the worry and get started right now with a no cost consult.
The process – IRS can file you tax return under 6020 B of the IRC
Logistics of 6020 Processing
IRS can process a tax return under the provisions of IRC 6020(b) for a Individual or Business if:
1. The taxpayer appears to be liable for the return,
2. The taxpayer required to file the return does not file it,
3. Attempts to secure the returns from the taxpayer fail.
This is devastating to find out after you have little or no money to fight the problem.
IRS has the right to file a tax return for you if you have not filed a tax return.
When the IRS files your tax return for all purposes, the IRS literally has audited your tax return. To get the IRS to correct your tax return you must file a correct original tax return. When you have prepared your tax return you can ask IRS for a Audit Reconsideration.
Definition of an Audit Reconsideration
An Audit Reconsideration is the process the IRS uses to reevaluate the results of a prior audit where additional tax was assessed and remains unpaid, or a tax credit was reversed. If the taxpayer disagrees with the original determination he/she must provide information that was not previously considered during the original examination.
It is also the process the IRS uses when the taxpayer contests a Substitute for Return (SFR) determination by filing an original delinquent return.
Reasons you can ask for a Tax Audit Reconsideration. You can ask for a hearing if:
1. The taxpayer did not appear for the audit.
2. The taxpayer moved and did not receive the correspondence from the IRS.
3. The taxpayer has new documentation to present.
4. A taxpayer might request an audit reconsideration if:
5. The taxpayer disagrees with an audit assessment from an audit of his/her return.
6. The taxpayer disagrees with an assessment created under the authority of IRC Section 6020(b), Substitute for Return (SFR).
7. The taxpayer has been denied tax credits such as EITC claimed, during prior examination.
IRS filed my tax return and levied my Bank & Wages – Stop the IRS NOW – Fresh Start Tax LLC
The IRS will consider a release of bank levy or a wage levy garnishment release if you qualify.
You can call us today and find out the process on how to get an immediate release of bank or wage levy.
IRS will require a copy of the corrected tax returns. If it appears you will owe the IRS, the IRS require a documented financial statement to close the case and release the levy.
by Fresh Start Tax | Sep 19, 2012 | Tax Help, Tax Returns
You can owe IRS money on back taxes simply because the IRS filed your back tax returns.
This process is an actual tax audit.
This happens to millions of taxpayers and with many more not filing back tax years the IRS will be enforcing 6020B of the IRS Code which legally allows them to file back tax returns for non filers. As a result you will owe IRS a large amount of back taxes because IRS will inflate the figures as high as they can the collect the most amount of tax.
You have the right re-file or ask for a AUDIT RECONSIDERATION of your tax return and reduce your tax debt. You have the right to prepare original tax returns.
Have an experienced tax professional help you through this process. You do not want to owe the IRS.
You will have to file for a Tax Reconsideration by filing an original tax return at the IRS Fresno campus of the IRS.
You can call us today and we can get the IRS off your back, greatly reduce your tax bill and work out a tax settlement. 1-866-700-1040.
IRS will send you a letter that read like this.
” The Internal Revenue Code Section 6020(b) gives us the authority to prepare and file tax returns on your behalf. Therefore, if we do not hear from you within 45 days from the date of this letter (90 days if this letter is addressed to you outside the United States), we will process the enclosed tax returns that we have prepared for you.
Reasons to request a Reconsideration:
Some reasons you can ask for an IRS audit reconsideration request:
- The taxpayer did not appear for the audit,
- The taxpayer moved and did not receive the correspondence from the IRS,
- A taxpayer might request an audit reconsideration also if you disagree with an audit assessment from an initial tax audit of his/her return.
In order to request an audit reconsideration:
- The taxpayer must have filed a tax return.
- The assessment remains unpaid or the Service has reversed tax credits that the taxpayer is disputing.
- The taxpayer must identify which adjustments he/she is disputing.
- The Taxpayer must provide additional information not considered during the original examination.
If you do not follow up:
You will then be billed by the IRS for the amount of tax due, plus any additional penalties and interest.
If you do not follow up on that tax bill or tax notice IRS will be filing a Notice of Federal Tax Lien and or Notices of Federal Tax Levies.
You should always answer IRS letters and notices because in the end the IRS holds the hammer and will enforce collections.
Fight back, call us today. 1-866-700-1040
OWE IRS, Did they prepare your tax return, STOP THEM TODAY, Former IRS, Fresh Start Tax L.L.C.
