by Fresh Start Tax | May 9, 2012 | Tax Help, Uncategorized
There has been recent changes to the Federal Tax Law due to the increasing public outcry on the burden the IRS has been putting on taxpayers through the Filing of the Federal Tax Liens.
As a result it is now possible to have your Federal Tax Lien completely withdrawn. By this process the credit companies will adjust your credit scores to the level as though the Federal Tax Lien was never filed.
Call us today for immediate tax representation 1-866-700-1040
If the IRS has filed a Federal Tax Lien and you have either paid off the tax liability or have gone on direct deposit and met the lien withdrawal criteria fill out form 11227
The process of Release or Removal of Federal Tax Liens:
IRS has increased the lien filing threshold.
The Internal Revenue Service Fresh Start Program changes increase the IRS lien filing threshold from $5,000 to $10,000.
Federal Tax Liens may still be filed on amounts less than $10,000 when circumstances warrant.If the IRS feels that the collection of the tax is in jeopardy or the assets will be moved the IRS can proceed to filed the Federal Tax Lien
Requesting a federal lien withdrawal after the lien has been released:
The IRS may now because of the Fresh Start Program issue a withdrawal of a Notice of Federal Tax Lien after the lien has been released.
If you wish to have the Notice of Federal Tax Lien withdrawn, a taxpayer must request the withdrawal in writing.
- Taxpayers should use IRS Form 12277, Application for Withdrawal, (PDF form available ). In item 8, Reason for requesting withdrawal, check box hat is applicable to your case.
Eligibility requirements are as follows:
1. Your tax liability has been satisfied and your lien has been released
2. You are in compliance for the past three years in filing:
3. All individual and business returns have been filed
4. All information returns have been filed
5. You are current on your estimated tax payments and federal tax deposits, as applicable.
Federal Tax Lien withdrawal may also occur when after entering into a Direct Debit installment agreement.
If you are a qualifying taxpayer and meet the eligibility requirements, you may have your lien withdrawn after entering into a Direct Debit installment agreement.
Your request for lien withdrawal must be in writing. Please use Form 12277, Application for Withdrawal (PDF). In item 8, “Reason for requesting withdrawal,” check box b, the “entered into an installment agreement” provision.
Qualifying taxpayers are:
- Individuals (Form 1040 tax)
- Businesses with income tax liability only
- Out of business entities with any type of tax debt
Eligibility Requirements are:
- The current amount you owe must be $25,000 or less
- If you owe more than $25,000, you may pay down the balance to $25,000 prior to requesting the lien withdrawal to be eligible
- Your Direct Debit Installment Agreement must full pay the amount you owe within 60 months or before the Collection Statute expires, whichever is earlier
- You must be in full compliance with other filing and payment requirements
- You must have made three consecutive direct debit payments
- You cannot have previously received a lien withdrawal for the same taxes unless the withdrawal was for an improper filing of the lien
- You cannot have defaulted on your current, or any previous, direct debit installment agreement.
Good News on this change that will effect thousands of taxpayers. Your credit scores should rise as though the federal tax lien was never filed.
If you are currently on a regular installment agreement, you may convert to a Direct Debit Installment Agreement.
To convert a regular installment agreement to a Direct Debit Installment Agreement:
Call us today for more details. You will speak to either a Board Certified Tax Attorney, CPA or Former IRS Agents.
by Fresh Start Tax | May 7, 2012 | Tax Help, Uncategorized
If you are need a Offer in Compromise/Tax Debt Settlement you may first want to see if you qualify for the Offer in Compromise Program/ Tax Debt Settlement before running off and filing to settle your back taxes.
Most taxpayers simply do not qualify for the Offer Program and get ripped off from tax resolution companies claiming they have high success rates and these back taxes. 12,000 Offer cases are accepted by the IRS last year and over 58,000 were filed. My guess thousands of taxpayers were ripped off into the filing of Offers in Compromise that never had a chance.
I recommend qualifying your case with Fresh Start Tax LLC, a tax company who knows the system. Save yourself time and a lot of money.
Call us today for a free tax consult and hear more. 1-866-700-1040
We are IRS Tax Experts and know the Offer in Compromise Program like the back of our hand.
This that said, we have never seen the Offer in Compromise Program so backed up, it is a huge mess.
The Offer in Compromise cases are just sitting in piles being unattended to because of the large volume of cases that the IRS has received.
The combined impact of a weak economy and efforts by the Internal Revenue Service (IRS) to promote the Offer in Compromise (OIC) Program has increased the number of requested offers by 28 percent between Fiscal Year 2007 and FY 2011.
At the very same time sadly, the IRS resources available to work the offers in compromise have decreased, creating a huge inventory.
These are the findings of a report publicly released by the Treasury Inspector General for Tax Administration (TIGTA).
An tax settlement program called the Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS to settle a tax liability for payment of less than the full amount owed.
TIGTA’s audit was initiated to assess the effectiveness of the OIC Program to timely process requests, consistently apply OIC guidelines, accurately measure Program results, and effectively promote the Program.
TIGTA reviewed a statistically valid sample of offers and found that the IRS did not process all offers timely.
In 73 (74 percent) of 99 offers, the IRS failed to contact the taxpayer by the promised date. The report estimates that 9,509 taxpayers who submitted offers between July 1 and December 31, 2010, may not have been contacted when promised. A promised date, will never happen.
Additionally, as of October 25, 2011, there were 7,472 unassigned offers in holding ( WOW )queues awaiting assignment to OIC staff.
TIGTA found that one processing site had more than four times as many unassigned offers from self-employed taxpayers compared with the other site, and 37 percent of those offers were more than six months old.
TIGTA auditors also determined that an incorrect date was used when offers were returned to the IRS because of some IRS processing errors. The report estimates that the wrong date may have been used for 712 taxpayers who submitted offers between July 1, 2010, and December 31, 2010. Finally, the IRS does not have formal performance measures for the streamlined offer process, which allows IRS employees to make taxpayer contact by telephone rather than by mail so they can quickly make a determination on an OIC request.
TIGTA recommended that the IRS revise OIC processing procedures, train employees, and add a formal performance measure for the streamlined offers or apply the streamlined process to all offers.
IRS officials agreed with TIGTA’s recommendations and the report’s outcome measures and plan to take appropriate corrective actions. Specifically, the IRS plans to:
1) try to better inform taxpayers by lengthening the time by which they will be contacted or issued an interim letter,
2) initiate reassignment of offers between IRS sites as needed, and
3) apply most aspects of the streamlined process to the remainder of the OIC cases.
If you need to hear the truth about Offers in Compromise, Tax Debt Settlement call us today.
We have on staff, Tax Attorneys, CPA’s and Former IRS agents.
by admin | Mar 27, 2012 | IRS Tax Advice, Representation, Tax Returns, Uncategorized
After being an IRS Agent for over 10 years and in private practice for over 29 years I have found a consistency in tax preparation errors.
If you need quality income tax preparation call us today.
The same errors happen over and over. The following are tax tips that may help you file your tax return trouble free.
Common tax errors to avoid:
1. Social Security – Incorrect or missing Social Security numbers.
When you enter social security numbers for anyone listed on your tax return, be sure to enter them exactly as they appear on the Social Security cards. IRS will kick out an error letter or notice to you if they do not match.
2. Incorrect or misspelling of dependent’s last name.
When entering a dependent’s last name on your tax return, make sure to enter it exactly as it appears on their Social Security card. Once again, IRS computers are exact matches.
3. Filing status errors.
The most common mistakes. Choose the correct filing status for your situation. About 40% of all errors occur with these mistakes.
There are five filing statuses:
1. Single,
2. Married Filing Jointly,
3. Married Filing Separately,
4. Head of Household
5. Qualifying Widow(er) With Dependent Child.
4. Math errors are very common. When preparing paper returns, review all math for accuracy. If you file electronically the software does the math for you!
5. Computation errors. Electronic filing basically eliminates this.
Take your time. Have someone review the tax return. Many taxpayers make mistakes when figuring their taxable income, withholding and estimated tax payments, Earned Income Tax Credit, Standard Deduction for age 65 or over or blind, the taxable amount of Social Security benefits and the Child and Dependent Care Credit.
6. Incorrect bank account numbers for direct deposit. Bad Mistake!!!
Double check your bank routing and account numbers if you are using direct deposit for your refund.
7. Sign and date the return.
An unsigned tax return is like an unsigned check. Also, both spouses must sign a joint return. Both spouses should not only sign but fully review the tax return.
8. Incorrect adjusted gross income.
If you file electronically, you must sign the return electronically using a Personal Identification Number. To verify your identity, the software will prompt you to enter your Adjusted Gross Income from your originally filed 2010 federal income tax return or last year’s PIN if you e-filed. Taxpayers should not use an Adjusted Gross Income amount from an amended return, Form 1040X, or a math-error correction made by IRS.
by admin | Mar 19, 2012 | IRS Tax Advice, IRS Tax Problem, Tax Help, Tax News, Tax Settlements, Uncategorized
Tax Masters Bankruptcy – Help for Former Clients – 1-866-700-1040
Get real professional tax help or tax resolution from a “A” Rated Tax Firm with over 205 years of professional tax experience and over 60 years with the IRS in the local, district and regional offices of the IRS.
So what is the real story about Tax Masters – Deception, False Advertising, preying of the needs of false hope.
We see it so many times. I am the co-owner and founder of Fresh Start Tax L.L.C. About one half of all our incoming calls are from from taxpayers who have been ripped off by other tax firms claiming impossible of unachievable results.
I see it so many times it is sickening. Taxpayers have been ripped off for thousands of dollars from salespeople claiming to be IRS specialists. In reality these people are no more than hucksters or ripped off artists. Many of these taxpayers have lost everything including their savings and still owe the IRS a boat load of money.
Many of these taxpayers will have a bank levy, wage levy or wage garnishment placed on their wages or bank accounts because of the false and deceptive business practices of the likes of Tax Masters, J.K. Harris and the Tax Lady Roni Deutsche.
The claims Tax Masters were making were just to good to be true but desperate people bought into to this fraudulent advertising practice on settling for pennies on a dollar. While pennies on a dollars can happen you must have your case evaluated to even thinking about a tax debt settlement. There are specific rules for tax settlement. I should know, I was a former IRS Agents and Offer in Compromise specialist.
The Tax Masters television commercials featured CEO Patrick Cox, who claims his company’s staff of former IRS agents and tax professionals have helped countless thousands of taxpayers just like you.
The Tax Masters ad blitz has been a driving force in the company’s soaring corporate revenues. The company, which went public brought in $45.7 million in 2010, a three-fold increase in two years, according to filings with the Securities and Exchange Commission. This was all due to the voluminous advertising budget filled with false hope
Part of the Problem – On the Tax Masters website they were looking for salespeople and not true tax practitioners. There website posts included this verbiage, “Are you a talented closer ready to move into the next income bracket?” call us.
“Previous tax knowledge is not required,” stated the employment ad, which Tax Masters says has since been modified.
At the heart of the problem, says Attorney General Swanson, is a requirement that customers pay an upfront fee ranging between $2000 and $8000. for false promises of salespeople.
If you are looking for a professional tax firm to help with your IRS problem look for the following:
1. The BBB rating of the company
2. Talk directly to the person that will be working your case.
3. Ask for the credentials of the person working your case.
4. Find out how long the company has been in business
5. Find out how many IRS agents they have on staff.
If you are looking for a free tax consultation call us today and hear the truth. 1-866-700-1040
by admin | Mar 19, 2012 | IRS Tax Problem, Tax Help, Uncategorized
TAX MASTERS – Get Free Tax Help – Fresh Start Tax – 1-866-700-1040 – Call us today!
A Rated by the BBB.
Former IRS Agents, Managers and Former Instructors can give you immediate tax relief and stop the IRS today.
We will offer huge savings on tax representation fees if you can prove you are a former Tax Masters client.
Since the Bankruptcy of Tax Masters former clients are now scrambling for immediate tax relief. These former clients have paid thousands of dollars to Tax Masters and no longer have tax representation. Basically they have been ripped off.
Tax Masters spent their money on their advertising budget and less on qualified personnel.
After the demise of Roni Deutsche and J.K.Harris, Fresh Start Tax LLC represented many former clients and finished their tax resolution cases with superior results. Check our BBB rating.
Fresh Start Tax LLC has already received some of the former clients of Tax Masters and have offered them discounts to finish up there cases. Some of the former clients have been left in the cold with no idea where their tax case stands. Over 5000 clients have been left stranded.
As a former IRS agent I can tell you that the IRS does not care whether the company representing you went out of business or not, the mission of the IRS is to close cases no matter how.
IRS will continue to levy and seize no matter what.
As former IRS agents we can stop the IRS, find out where your case is and actually close your case. We will also reduce our fees for former Tax Masters clients.
Call us today for a free tax consult.
Fresh Start Tax L.L.C. is one of the premier tax resolution firms in the country. We deal with all types of civil cases including individuals, businesses, non-profits, partnerships and corporations. We have staff that specialize in every facet of IRS Tax Representation.
We know all the IRS tax strategies because of our extensive IRS working backgrounds. We were Former IRS Certified Tax Instructors that taught IRS Tax Law in the IRS Regional Training Center. Some of our many specialties include the following:
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
See our Home Page for more details Thank you
by Jim Magary | Mar 8, 2012 | Uncategorized
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
