by Fresh Start Tax | Dec 29, 2012 | Income Tax Preparation, Tax Help, Uncategorized
Income Tax Preparation – IRS Tax Audit Defense – Former IRS Agents, Managers – Broward, Dade, Palm Beach County 954-492-0088
We are comprised of Former IRS Agents, Managers and Instructors that can prepare help audit proof your tax return.
We have over 60 years of direct work experience with the IRs in the local South Florida IRS offices. We have been Agents, Managers , Appeals Agents and Instructors.
We also taught Tax Law at the IRS. We are one of South Florida’s most experienced tax firms.
We also handle all State Tax Matters as well. All work is done in house.
We have prepared thousands of Income, Business and Corporate Income Tax Returns. Not only have we prepared those tax returns we have also audited those tax returns as Former IRS agents and Appeals Officers.
Come by or visit our offices so you can met us. We will review all prior years returns for accuracy and offer suggestions on how to save valuable tax dollars in the future.
We set up a tax and or business tax plan with all our clients.
We are one of South Florida’s highest rated firms with a A plus rating from the Better Business Bureau with tracks business over the past 7 years.
We are Affordable, Experienced and Trustworthy
All work is done in-house from tax professionals
- A full service tax firm including all personal and business tax returns
- Quality review by two Tax Experts
- Complete audit support
- Tax and financial planning
- Ethical and high moral fiber
- Face to face meeting with all clients
Our Company Resume: ( Serving South Florida 1982 )
- Our staff has over 135 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Extremely ethical and moral
- Fast, affordable, and economical
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
When you do business with us, you’ll always have our strongest commitment to:
- Provide you with quality work in a timely manner, no matter how large or small the task.
- Offer you a level of service that exceeds your expectations, whether you’re looking for a copy of a single tax return or an income tax audit.
- Value the trust you place in us, with our promise that we’ll work hard to earn your trust and your business every single day.
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
Income Tax Preparation – IRS Tax Audit Defense – Former IRS Agents, Managers – Broward, Dade, Palm Beach County
by Fresh Start Tax | Dec 29, 2012 | Tax Relief
Tax Debt Relief Company – Tax Relief Specialists – Attorneys, Former IRS Broward, Dade, Palm Beach County – Tax Experts 954-492-0088
Call us for a no cost professional tax consultation and stop the worry today. We have worked and resolved thousands of cases right here in South Florida since 1982. 954-492-0088
We are one of the highest rated tax debt relief firms not only in South Florida but the country. We have a A plus rating by the Better Business Bureau.
We are comprised of Tax Attorneys, Lawyers, CPA’s and Former IRS Agents.
We worked in the local South Florida IRS offices as well as the district and regional offices. We have over 60 years of combined experienced.We worked as managers , instructors and trainers as well as teaching Tax Law at the IRS.
We will go over all the different tax policies and tax procedures to completely and permanently resolve your tax debt.
Relief of IRS Tax Debt
IRS basically resolves tax debt in 3 ways.
After the IRS reviews and verifies your current financial statement and current state of affairs IRS will request all the document to verify the creditability of your information.
After that carefully review the IRS will recommend one of the three following tax relief programs:
1. Apply for a Tax Hardship Status,
2. Start making payments to the IRS via a installment plan,
3. Filing of an Offer in Compromise.
The Detailed information of a Offer in Compromise
An offer in compromise is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.
IRS will not accept an Offer unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential. The RCP is usually based on Assets and monthly income.
The RCP is how the IRS measures the taxpayer’s ability to pay.
The RCP includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, IRA’s, Pension Plans and other property that has equity.
In addition to property, the RCP also includes anticipated future income, less certain amounts allowed for basic living expenses per National Standards Charts.
The IRS may accept an OIC based on three grounds.
1. Acceptance is permitted if there is doubt as to liability. This ground is only met when genuine doubt exists that the IRS has correctly determined the amount owed.
2. Acceptance is permitted if there is doubt that the amount owed is collectible. This means that doubt exists in any case where the taxpayer’s assets and income are less than the full amount of the tax liability.
3. Acceptance is permitted based on effective tax administration. An offer may be accepted based on effective tax administration when there is no doubt that the full amount owed can be collected, but requiring payment in full would either create an economic hardship or would be unfair and inequitable because of exceptional circumstances.
Different types of payment to the IRS for tax debt settlements – Offers
Taxpayers may choose to pay the offer amount in a lump sum or in installment payments. The tax law provides rules for “lump sum offers” and “periodic payment offers” submitted on or after July 16, 2006.
A lump sum offer is defined as an offer payable in 5 or fewer installments. If a taxpayer submits a lump sum offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount.
This payment to the IRS is required in addition to the $150 application fee.
The 20 percent amount is called “nonrefundable” because it cannot be returned to the taxpayer even if the offer is rejected or returned to the taxpayer without acceptance.
The 20 percent amount will be applied to the your tax liability.
The offer is called a “periodic payment offer” under the tax law if it is payable in 6 or more installments. When submitting a periodic payment offer, the taxpayer must include the first proposed installment payment along with the Form 656.
This payment is required in addition to the $150 application fee.
Non- Refundable
This amount is nonrefundable, just like the 20 percent payment required for a lump sum offer.
While you are in Offer status
While the IRS is evaluating a periodic payment offer, the taxpayer must continue to make the installment payments provided for under the terms of the offer. These amounts are also nonrefundable. These amounts are applied to the tax liabilities and the taxpayer has a right to specify the particular tax liabilities to which the periodic payments will be applied.
Tax Debt Relief Company – Tax Relief Specialists – Attorneys, Former IRS – Broward, Dade, Palm Beach County – Tax Experts
by Fresh Start Tax | Aug 31, 2012 | Income Tax Preparation, Tax Lawyer
There is many excellent income tax preparation tax firms in South Florida especially in Dade, Palm, and Broward County.
Fresh Start Tax LLC is one of those tax firms because of our care, excellence, and affordability.
We are “A” plus rated and without compliant.
Why choose Fresh Start Tax L.L.C.
1. We are comprised of Former IRS Agents with over 60 years of direct IRS experience in the local South Florida offices.
2. Our former IRS Agents were also teaching Instructors and Managers with the IRS.
3. We have prepared thousands of tax returns since 1982 all without audit if possible.
4. All tax returns are prepared and reviewed by two tax professionals for accuracy and making sure we got the most out of every possible tax deductions so you pay the lowest amount allowed by law.
5. We are affordable and assessable.
6. Also have on staff Board Certified Tax Attorneys and CPA’s.
7. We audit proof all tax returns to make sure your tax return gets processed without error and without audit.
Newsletter Tip
As part of our newsletter to our clients here are some tax tips for Students and Parents with College Expenses.
Back-to-School Tips for Students and Parents Paying College Expenses
The IRS offers some tips about education tax benefits that can help offset some college costs for students and parents and we need them all.
These benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return.
American Opportunity Credit.
This tax credit, originally created under the American Recovery and Reinvestment Act, is still available for 2012.
This tax credit can be up to $2,500 per eligible student and is available for the first four years of post secondary education at an eligible institution. Forty percent of this credit is refundable, which means that you may be able to receive up to $1,000, even if you don’t owe any taxes.
Qualified expenses include:
1.tuition,
2. fees,
3.course related books,
4.supplies and equipment.
Lifetime Learning Tax Credit.
In 2012, you may be able to claim a Lifetime Learning Credit of up to $2,000 for qualified education expenses paid for a student enrolled in eligible educational institution
There is no limit on the number of years you can claim the Lifetime Learning Credit for an eligible student.
You can claim only one type of education credit per student in the same tax year. However, if you pay college expenses for more than one student in the same year, you can choose to take credits on a per-student, per-year basis. For example, you can claim the American Opportunity Credit for one student and the Lifetime Learning Credit for the other student.
For more information call us today for a no cost professional tax consultation. 954-492-0088
Income Tax Preparation, Former IRS Agents , Fresh Start Tax LLC, South Florida , Broward, Dade, Palm Beach County
by Fresh Start Tax | Aug 26, 2012 | Income Tax Preparation, Representation
Fresh Start Tax L.L.C. of South Florida is a local tax specialty firm dealing with income tax, business and corporate tax preparation and planning. We also are IRS and State Tax Representation Experts. 954-492-0088
You can have your tax return ( income or business tax preparation ) prepared and filed through former IRS agents and managers who worked out of the local South Florida IRS offices. 954-492-0088. Free Consults for income tax preparation.
Tax Tips for our clients and potential clients in regard selling your home.
Taxpayers are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale. Make sure you can prove all sell dates.
If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ,$500,000 on a joint return in most cases. Check with us to make sure.
You will not eligible for the full exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
If you can exclude all of the gain, you do not need to report the sale of your home on your tax return.
If you have a gain that cannot be excluded, it is taxable.
You must report it on Form 1040, Schedule D, Capital Gains and Losses.
You cannot deduct a loss from the sale of your main home.
Special Note : If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home.
If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
Call us to find out more, 954-492-0088.
Income Tax Preparation, Former IRS Agents, Fresh Start Tax LLC , South Florida , Broward & Dade County, Tax Tips, Selling your Home
by steve | Dec 6, 2010 | IRS Tax Advice
Fresh Start Tax 954-492-0088 1-866-700-1040 South Florida Professional Tax Firm Former IRS Agents that worked in the Ft.Lauderdale and Miami Office.
If you are having a current IRS payroll tax problem, call us today. We will fully represent you in this tax matter and you will never speak to the IRS. Come into our tax office for a free initial consultation, sign a power of attorney and we can get started today.
We have settled hundreds of cases this year alone, do not be worried. Let our 110 years of IRS experience work for you.
Our Company Resume:
- Our staff has over 110 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents, Former IRS Manager, Instructor and Trainers
- Highest Rating by the Better Business Bureau ” A ”
- Extremely ethical and moral principles used
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
Fresh Start Tax is one of the premier tax resolutions firms in the country. We deal with all types of civil cases including individuals, businesses, corporate and defunct corporations. We have staff that specializes in every facet of the Internal Revenue Service. We know all the IRS strategies. Some of our many specialties include the following:
- Immediate Tax Representation
- Offers in Compromise/Settlements
- Back Tax Relief
- Bank Garnishments or Tax Levies
- Wages Garnishments or Levies
- IRS Notices of Intent to Levy or Final Notices
- IRS Tax Audits
- Hardships Cases, Payment Plans
- Innocent Spouse
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Trust Fund Penalty Cases/ 6672
