by Fresh Start Tax | Jun 25, 2012 | FBAR, IRS Tax Problem, Tax Help, Tax Lawyer
FBAR Tax Attorney – IRS Tax Experts – Former IRS – IRS Tax Representation
We are a Professional Tax Firm specializing in FBAR IRS tax representation.
We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents and Managers.
We are familiar with all areas of the FBAR and can help you through any situation or problem you may have. We handle all areas of tax representation and you will never have to talk to the IRS.
We have over 205 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service in all facets of the IRS.
We are True IRS Tax Experts. We also taught Tax Law at the Internal Revenue Service.
Call us today for a no cost professional consult and speak direct to Tax Attorneys, CPA’s or Former IRS Agents.
We handle all aspects of FBAR and all tax representation can be if necessary conducted under attorney-client privilege.
INFORMATION FOR – FBAR – Foreign Bank Financial Accounts
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).
The FBAR is required because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions.
The FBAR is a tool to help the United States government and the Internal Revenue Service identify person(s )who may be using foreign financial accounts to circumvent United States tax law.
Investigators use FBARs to help identify or trace funds used for illicit purposes or to identify unreported income maintained or generated abroad.
3 of the most FAQ’s
What is an FBAR?
A. An FBAR is a Report of Foreign Bank and Financial Accounts. The form number is TD F 90-22.1 (PDF).
Who must file an FBAR?
A. Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.
Q. What is a foreign country?
A. A “foreign country” includes all geographical areas outside the United States, the commonwealth of Puerto Rico, the commonwealth of the Northern Mariana Islands, and the territories and possessions of the United States (including Guam, American Samoa, and the United States Virgin Islands).
What is a United States person?
A. “United States person” includes a citizen or resident of the United States, a domestic partnership, a domestic corporation, and a domestic estate or trust.
Call us today for a no cost professional tax consult. 1-866-700-1040
FBAR Tax Attorney’s – Affordable IRS Tax Experts – Former IRS – IRS Tax Representation
by Fresh Start Tax | Jun 5, 2012 | Back Taxes, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer
IRS Tax Preparation – Former IRS – Owe Back Taxes – Ft.Lauderdale, Miami, Palm Beaches 954-492-0088
Call us today and speak directly to tax attorneys, CPAs, and former IRS agents, managers and instructors.
We over 206 years professional tax experience in over 60 years of working directly in the local South Florida IRS offices.
Call us for free tax consultation today.
Not filed Back Tax Returns. ( Tax Preparation )
If you have not filed tax returns and it is starting to be a headache call us today to get back into the system worry free.
The IRS is getting much more aggressive in there approach to get unfiled, past due, late or back tax returns because of the debt the U.S. is currently facing. IRS wants the tax returns filed and the money paid.
South Florida is an easy target for the IRS because of the transient nature of the economy and many of the programs IRS will begin to initiate will be centered right here in South Florida.
An inside source from the IRS said that the IRS will start employing the use of the TDI ( Taxpayer Delinquent Investigations ) to start notifying taxpayers of the overdue or delinquent tax returns.
Fresh Start Tax LLC is one of the premier firms in South Florida in dealing with non-filers and tax debt settlements. ( offers in compromise )
We can file all back taxes and work out a tax debt settlement.
Being comprised of Former IRS agents, managers and instructors, we have a unique edge in the total case management of taxpayers with filing and owing back taxes. We know the system inside and out. We taught the system at the IRS.
Fresh Start Tax LLC has successfully processed thousands of taxpayer cases through the system getting them back into the good graces of the IRS.
Taxpayers do not need to be worried. Former IRS Agents know the system so well these cases get back into the system and the taxpayer will usually suffer no loss what so ever. Peace of mind comes quick.
If you have unfiled, past due, back, late delinquent tax returns and you want to have instant peace of mind, call us today.
We will file a power of attorney with the IRS so you will never have to speak to the IRS.
We will get all the information to prepare your tax returns and workout a tax settlement with the IRS.
Stop worrying, call Fresh Start Tax LLC today.
We are comprised of tax attorneys, CPA’s and Former IRS Agents.
We can also release any IRS levy or wage garnishments.
IRS Tax Preparation – Former IRS – Owe Back Taxes – Ft.Lauderdale, Miami, Palm Beaches, South Florida
by Fresh Start Tax | Jun 4, 2012 | Back Taxes, Income Tax Preparation, IRS Tax Debt, IRS Tax Problem, Tax Returns, Tax Settlements
Unfiled, Back Tax, Past Due Tax Returns – How to file and settle with the IRS – Former IRS Agents can save you money 1-866-700-1040
There are millions of taxpayers with unfiled, past due, and back tax returns. The figures of unfiled, past due or back tax returns are close to 20 million non filers and maybe more.
What is unusual about this number is the fact that many of these taxpayers actually want to get back in the system but are afraid to and do not know how to do that without the ire of the IRS and the fear associated with that.
Our firm, Fresh Start Tax LLC specializes in this process and want to explain the process. It is much easier than you think.
IRS is not always the beast they are made out to be.
The filing of the unfiled, back or past due tax returns.
The first part of the process is getting your tax records together. The majority of those taxpayers in this position of unfiled, past due, late, or back tax returns do not have their information to prepare their tax returns. They have been lost, they have moved and they are poor record keepers.
IRS keeps on file the last seven years worth of income information. A simple request can be made to the Internal Revenue Service to receive income information. That is a starting point and from there most taxpayers can simply reconstruct their expenses.
Most professional preparers can easily aid and assist the clients/taxpayers once they have received the income source information. Building the expenses part is relatively simple.After preparing thousands of tax returns a solid tax professional should have no problem in tax reconstruction.
A Key Point.
Being a former IRS agent it is very important to remember when you are preparing these unfiled, back or past due tax returns that the returns must make sense.
A good standard or bar that I used as a former agent was the fact that 4 things had to match up and make sense;
1. Tax Return
2. A financial statement
3. Bank Statements
4. Cost of living for the area the taxpayer was living.
In a nut shell, the taxpayers living expenses should be reflected in the bank deposits on a financial statement and the total income explain on the Adjust Gross Income on a tax return.
The Settlement with the IRS.
The IRS has a new program they are currently administering called the Fresh Start Initiative or Program.
To settle your tax debt case with the IRS, the Service will look at two primary factors. Income and assets.
IRS will conduct a thorough investigation after a form 433 OIC is filed with the IRS.
I do not recommend anyone file a offer in compromise without professional help. I have worked offers in compromise for over 38 years . It is an art and a professional talent to get an offer accepted.
However for those do it your selfers out there, IRS will want the value of roughly 90% of your assets and and excess income over the national standard. IRS uses a multiplier of either 12 or 24 depending in the settlement structure.
Call us today and learn more about IRS tax debt settlements.
We are compromised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents.
Call us at 1-866-700-1040
Unfiled, Back Tax, Past Due Tax Returns – How to file and settle with the IRS – Former IRS Agents can save you money
by Fresh Start Tax | Jun 1, 2012 | Back Taxes, Installment Agreements, IRS Payment Plans, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Levy and Wage Garnishments, Tax Settlements, Uncategorized
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back 1-866-700-1040
Have Former IRS Agents get your tax levy released and file all your back tax returns. We are tax experts. We are fast and affordable.
One of the largest concerns for taxpayers who have just received one of 3.8 million tax levies the IRS sends out a year is ” How do I get IRS off my back and my tax levy released?”
A good estimate is that there about 20 million taxpayers out there with unfiled tax returns and at some point the IRS just catches up. Tax levies are coming!
The IRS enforcement computer called CADE catches up to all taxpayers.
How to deal with the IRS and get them of your back.
IRS does not want to levy. They do not want to send out bank levies and wage levies or tax garnishments. We have a voluntary system of compliance. When taxpayers do not respond to IRS letters, notices and the filing of their tax returns, IRS has no choice but to let the computer system follow up with enforced compliance.
With that said, you can get the IRS off your back quite easily.
The easiest way of course is to hire a tax professional who knows there way around and through the system and can easily resolve the situation. A tax professional will handle the case in this fashion.
In regarding to past due, late, unfiled, back or delinquent tax returns.
The Internal Revenue Service will not usually release bank or wage garnishment levies until all tax returns are filed.
The levy serves as an enforcement tool to make sure IRS gets what IRS wants. IRS will hold their position on this issue and want all tax returns in their hands until it will release the bank or wage levy garnishments.
Waste no time, get tax returns prepared and filed immediately. The longer you wait the longer the bank or wage levy will usually stay in place.
We make sure the tax returns are sent to the agent handling the case so the tax returns do not get caught up in the system. IRS can lose track of the returns easily.
After all tax returns are sent to the IRS, the Service will want to review your current financial statement. The financial statement the 433A, 433F is the crucial element to the way your case will be closed by the IRS to end your tax problem. Tax relief will be coming soon, be patient.
IRS will expect a documented financial statement. After a review of the financial statement IRS will close your case in one of the following three ways:
1. IRS will put your case in hardship or currently uncollectible which means IRS has determined you have no money to pay them at the current time. Penalties and interest will continue to run and your case will works its way back to the computer system in a couple years. IRS notice and letters will start up somewhere down the road.
2. If you show and ability to pay the IRS back taxes, IRS will insist on the payment plan, installment plan or streamline agreement.
3. IRS will consider a Offer in Compromise or a tax debt settlement.
It is not wise for any taxpayer to file on Offer in Compromise on there own.
There is much involved and I should know. I am a former IRS Agent and teaching Instructor with the IRS. Offers in Compromise are complicated and there is much skill required to have a successful offer accepted.
In summary the keys to getting the IRS off your back:
1. Make sure all tax returns are filed and you are current on all withholding
2. Make sure you have a proper documented 433A, 433F so IRS can close your case,
3. Have a plan B.
We are staffed with former IRS Agents, CPA’s and Board Certified Tax Attorneys.
Call us today to end your tax problem, get immediate tax relief and get your life restored.
IRS, Tax Levy and Unfiled Tax Returns – How to get IRS off your back
by Fresh Start Tax | May 29, 2012 | Tax Help, Uncategorized
New Tax Lien Rules Will Increase Your Credit Score!
Are you aware that the Notice of Federal Tax Lien can remain on your credit reports for as long as it takes you to pay it, plus an additional seven years?
When you full pay the tax liability that gave rise to the Notice of Federal Tax Lien, the Notice of Federal Tax Lien is “released” by the IRS. A Notice of Federal Tax Lien that has been “released” by the IRS stays on your credit report for an additional seven years from the date of “release.” A Notice of Federal Tax Lien that has been “withdrawn” by the IRS is immediately removed from your credit report.
The IRS will not “withdraw” a Notice of Federal Tax Lien that has been “released” due to a tax settlement through an “offer in compromise” or due to the expiration of the “collection statute.”
In the past, the IRS did not “withdraw” a Notice of Federal Lien that was “released” due to the full payment of the tax liability.
The general rule is that a Notice of Federal Tax Lien will be “released” upon satisfaction of the tax liability.
The general rules is that a Notice of Federal Tax Lien may be “withdrawn” for any one of the following reasons:
1. Where the filing of the Notice of Federal Tax Lien was premature or contrary to procedures,
2. Where the taxpayer makes a section 6159 installment agreement, and the agreement does not provide for filing the Notice of Federal Tax Lien,
3. Where the “withdrawal” facilitates collection, or
4. Where it would be in best interest of the taxpayer and the government.
If you have paid your tax liability in full, the IRS must “release” the Notice of Federal Tax Lien and it is done automatically by the IRS. Then it is up to you to request that the IRS “withdraw” the Notice of Federal Tax Lien.
Are you aware that when you have an unpaid tax liability and you enter into a “Direct Installment Agreement,” that you may request the withdrawal of the filed Notice of Federal Tax Lien?
When you enter into an installment agreement to satisfy the liability for which a Notice of Federal Tax Lien was imposed, you may request the “withdrawal” of the Notice of Federal Tax Lien.
To make your request to have the IRS “withdraw” the Notice of Federal Tax Lien, you must complete Form 1227 “Application for Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien”. This form must be accurately completed, otherwise, your request will be denied. After your request has been approved, the IRS will issue Form 10916(C) “Withdrawal of Filed Notice of Federal Tax Lien.”
With our experienced personnel, we can review all of the facts and circumstances to make the most effective request on the Form 1227 to “withdraw” your Notice of Federal Tax Lien.
