by Fresh Start Tax | Jul 27, 2012 | FBAR, Tax Lawyer, Tax Returns, Uncategorized
If you need professional tax help for the FBAR filing or FBAR Reporting on current, late or past due FBAR’s contact our office for a free tax consultation. 1-866-700-1040.
Call our team of Tax Attorneys, CPA’s and Former IRS Agents. We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service.
We taught Tax Law at the IRS. We know all the tax techniques because we taught them at the IRS as Former IRS agents.
Do not be worried or fearful of the IRS. Hire the right Tax Firm and free yourself up from worry or undue stress.
You need to pull the trigger and take care of these matters before any IRS contact.
The IRS began an open-ended offshore voluntary disclosure program (OVDP) in January 2012 on the heels of strong interest in the 2011 and 2009 programs.
The IRS is offering people with undisclosed income from offshore accounts another opportunity to get current with their tax returns. The 2012 OVDP has a higher penalty rate than the previous program but offers clear benefits to encourage taxpayers to disclose foreign accounts now rather than risk detection by the IRS and possible criminal prosecution.
If you file your FBAR form before IRS contacts you, will have no worries. IRS wants voluntary disclosure.
Amending a Filed FBAR
The following instructions may be given to anyone who needs to file an amended FBAR. To amend a previously filed FBAR:
Write “Amended” at the top of a new form. I recommend writing it in read to draw attention to the reviewer. Make sure the writing is not blending in to the form. Make it clear and obvious.
Add/correct the information about the account.
Staple it to a copy of the original form.
Mail the amended FBAR to the filing address shown on the form
Department of the Treasury
Post Office Box 32621, Detroit, MI 48232-0621.
Need FBAR Filing Verification
Filed FBARs are entered onto the Detroit Computing Center’s Currency and Banking Retrieval System (CBRS) database.
Filing can be checked by IRS personnel with CBRS passwords.
Filers can request verification of the FBARs that they filed 60 days after the date of filing. A request for verification of FBAR filing must be made in writing and should include the filer’s name, Taxpayer Identification Number, and filing period.
There is a $5.00 fee for verifying five or fewer forms and a $1.00 fee for each additional form. If copies are needed, the additional fee is $0.15 per copy.
Checks or money orders should be made payable to the United States Treasury. The payment should be mailed to:
IRS Detroit Computing Center,
P.O. Box 32063, Detroit, MI 48232 Attn.: Verification
by Fresh Start Tax | Jul 11, 2012 | Tax Help, Tax Lawyer, Tax Problem Help, Uncategorized
If you are a US Citizen living overseas and are having a tax problem and need professional tax help contact us today. 1-866-700-1040
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents. We have over 205 years of professional tax experience and over 60 years of direct work experience at the local, district and regional offices of the IRS.
We are global and international tax experts. We can resolve all your tax problems and give you the tax help you need.
Call us for a free tax consultation. 1-866-700-1040
Latest News for US Citizens Overseas with Dual Citizenship.
The Internal Revenue Service announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues.
The IRS will provide a new option to help some U.S. citizens and others residing abroad who haven’t been filing tax returns and provide them a chance to catch up with their tax filing obligations if they owe little or no back taxes.
The New Tax Procedure
Will go into effect on Sept. 1, 2012. The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts .
Some taxpayers have recently become aware of their filing requirements and want to comply with the law. Many have made innocent mistakes.
The IRS offered the new procedures that will allow taxpayers who are low compliance risks to get current with their tax requirements without facing penalties or additional enforcement action.
Taxpayers generally will have simple tax returns and owe $1,500 or less in tax for any of the covered years.
Taxpayers using the new procedures will be required to file delinquent tax returns along with appropriate related information returns for the past three years, and to file delinquent FBARs for the past six years.
Submissions from taxpayers that present higher compliance risk will be subject to a more thorough review and potentially subject to an audit, which could cover more than three tax years.
US Citizens Overseas, Dual Citizenship – Tax Problem, Tax Help – Attorneys, Former IRS – Tax Representation Experts
by Fresh Start Tax | Jul 10, 2012 | Abatements, Back Taxes, Florida Sales Tax, Tax Audit, Tax Lawyer, Uncategorized
State of Florida Tax Audit 1-866-700-1040
Let our years of government experience be your best friend,
We know the systems and the settlement formulas.
Hire true tax audit experts.
If the State of Florida Department of Revenue is auditing you call us for a no cost professional tax audit consult. 1-866-700-1040.
We can review all the tax audit procedures and help you through the process of the State of Florida tax audit.
We have handled thousands of tax audits and collection clients since 1982.
We are “A” plus rated by the BBB.
We are comprised of Board Certified Tax Attorneys, Lawyers and Former Agents that have over 60 years of direct government experience.
As a tax practice we have over 205 years of working directly on State and Federal Tax cases collection and tax audits.
We were former tax instructors and taught Tax Law.
Why Are Taxpayers Audited by the State of Florida Department of Revenue:
1. Enforce Florida tax laws uniformly,
2. Deter Tax Evasion, ( you also may have been turned in by a former employee, spouse or other )
3. Promote voluntary compliance on all levels,
4. Find tax cheats and criminally prosecute willful failure to file and pay.
With the State of Florida in need of Revenue, the Florida public will see an ongoing rise of tax audits across the board.
With the State sophisticating and updating their tax computer system, they will be able to better track businesses not paying or filing tax returns.
Being Former Agents we know exactly how to fight and win back tax money to minimize your damages.
Call us for a no cost consult. Do not be worried but fight back with experience.
TAX AUDIT – State of Florida – Tax Problem Help – Attorneys, CPA’s, Former Agents – State Tax Representation
by Fresh Start Tax | Jul 7, 2012 | Tax Help, Uncategorized
If you live in the South Florida area and are having IRS Problems call us today for a no cost professional tax consultation.
We have over 205 years of professional tax experience and over 60 years of working directly of the IRS in the local South Florida IRS offices.
As former IRS Agents we worked as IRS Revenue Agents, Managers, Revenue Officers and Appeals Agents.
While employed at the IRS taught Tax Law as former IRS instructors.
IRS Future Activity.
With the passing of the Health Care Program the IRS will hire 15,000 new agents to work in all sorts of capacities. IRS will put there efforts to high priority targets.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise 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”
- IRS Tax Audits
- IRS Hardships Cases or 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
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
by Fresh Start Tax | Jun 28, 2012 | Abatements, FBAR, IRS Tax Problem, Tax Lawyer, Tax Returns, Tax Settlements, Uncategorized
With the aggressive position of the IRS on FBAR cases and the the new federal funding given to the IRS, the Service is going to ramp up a full force major attack on all FBAR cases.
The IRS has been training new Revenue Agents to have become ROBO-FBAR AGENTS to scare the taxpayers into submission and full tax compliance.
It has worked so far.
The commissioner of the IRS announced the IRS has collected over $5 Billion and much more is expected to come. Fear is a great motivator.
With this said, if currently you have professional tax needs in this area call us today for a free tax consult.
Speak directly with Board Certified Tax Attorneys, Tax Lawyers, CPAs and Former IRS Agents who are tax experts in the field of FBAR tax settlements, tax negotiations. We can answer all your questions with a no cost first consult.
What is new with FBAR
The standard penalty was recently increased from 25 percent to 27.5 percent.
In December 2011 the IRS issued FS-2011 that appeared to soften their attitude and provided that penalties will not be imposed in all cases. Check with us and see if you qualify for this.
Taxpayer (s) that remain out of compliance will likely eventually show up on the IRS radar screen. With IRS cutting more deals with countries and with new tax treaties being developed with new countries every day, FBAR will become a daily topic within the IRS because of the sheer volume of revenue it brings in.
New Revenue Agents Groups within the IRS have been formed with many Agents currently being trained simply to work these FBAR cases.
It should also be known these are highly skilled agents working these case.
If a taxpayer is notified the IRS is seeking FBAR info, it is vitally important they seek out legal representation.
Many times the IRS will play the criminal card.
On large dollar cases, Agents have the ability to make a criminal referrals to CI if the Agent feels that tax fraud is involved.
The IRS post lists on their website of all their current convictions.
Innocent Taxpayers with Compliance Problems
Many of our clients/taxpayers come from places all over the world.
Most do not face exposure to criminal tax issues.
Criminal tax problems typically involve intentional actions to hide the ownership of assets and income such as offshore trusts, pure and out right fraud and shell- type companies.
Most, about 95 % of our clients have simply failed to file FBARs, some have not filed tax returns for many years and these taxpayers do not owe any U.S. tax due to foreign tax credits as they pay higher rate foreign tax. Most are simply unaware or uninformed.
Reasonable cause and relief from penalties
There are a array of reasons the the IRS abates penalties and interest. There is a long list found on our website.
We usually go over the fact patterns of each individual case and develop a tax strategy for a successful abatement of penalties and interest.
On staff is a Former IRS Appeals Agent who over his 35 year career at IRS has probably worked more Abatement case than any I know.He exclusively works our abatement cases.
We handle all FBAR Cases, Tax Settlements, Negotiations. We can file all unfiled tax returns.
We are compromised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents
We are true FBAR Tax Experts, call us today. 1-866-7001-040
Thank you.
by Fresh Start Tax | Jun 12, 2012 | Tax Help, Uncategorized
Offer in Compromise – Call to see if you qualify
Whatever the reason for unpaid taxes, your future may depend upon a successful offer in compromise. If you want to see if you qualify for an IRS tax settlement, give us a call for a free case analysis.
An offer in compromise involves negotiating a reduced payment that the IRS will accept as full payment for any unpaid tax due. Keep in mind; an IRS offer in compromise is unlike negotiating with an everyday business. The IRS will only negotiate an offer in compromise settlement if strict financial formulas have been met. This doesn’t mean there isn’t room for negotiation; it just means a lot of planning needs must be designed to meet the IRS formulas.
How an Offer in Compromise works
Individuals and business owners submit an IRS offer in compromise requesting to fully discharge all unpaid taxes in exchange for either a single lump sum payment or for installment payments. An IRS agent investigates your situation and analyzes it to make sure you meet the minimum offer in compromise qualifications.
• The government first adds up the amount the taxpayer could expect to receive if any assets were sold, and reduced by any debt that secures their property.
• The tax can be available for payment of the past taxes – based on guidelines that decide which monthly expenses are permitted and which are ignored.
• If the equity value of your assets plus the monthly anticipated stream of income is enough to satisfy the unpaid taxes, your offer in compromise settlement will be rejected.
• If the equity value of your assets plus the monthly anticipated stream of income, projected over approximately 3-5 years are less than the total tax due, the IRS will consider your offer in compromise settlement.
Many people look at an IRS offer in compromise as an everyday negotiation you may delve into with a collection agency or a creditor, however, an offer in compromise is not a traditional negotiation. The IRS will not work out a deal like other creditors; this is one reason you require IRS offer in compromise help.
Unfortunately, an offer in compromise settlement is very mechanical with formulas and analyses going on in the background. For the IRS, it’s all about analyzing what you can afford to pay back but proper planning and preparation can improve the results.
• One significant way to craft a better outcome is by showing more secured debt, which is an allowed expense; what won’t help your IRS tax offer in compromise is unsecured debt, like credit cards.
It’s crucial you work with a professional to start working on your case as soon as possible. Nationwide Tax Group reviews your financial situation and performs our own analysis to help you reorganize items to improve your chances of having the IRS offer in compromise accepted. Our qualified professionals also work with you to get the IRS to accept the lowest amount possible.
There are many possible options when it comes to dealing with unpaid taxes. Nationwide Tax Group deals with the IRS every day; we are qualified experts and can quickly provide IRS tax offer in compromise help for favorable results.
