by Fresh Start Tax | Jun 29, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, IRS Tax Debt, Offer in Compromise, Representation, Tax Lawyer, Tax Returns, Tax Settlements
ExPats IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS 1-866-700-1040
We are a Professional Tax Firm specializing in World Wide Ex-Pat tax consultations, tax services, income tax preparation and IRS tax settlements.
We have been in practice since 1982 and are “A” rated by the BBB.
Skype available. Password freshstarttax.
We are staffed with Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents
Expats and everyone living abroad including those with FBAR issues, BEWARE.
Under Obama Care the IRS will be given over $500 million large to enforce compliance and collections of IRS Tax Laws and much of the budget is to aggressively go after International money.
The IRS will be carefully watching Expats because of the non compliance from ExPats.
IRS has found that many Expats not in filing compliance. IRS plans to change this starting next year.
The IRS report is specially targeting international money and IRS is setting Agent Groups up specializing in ExPat stuff.
This is not to scare you but just stating fact. If you are in compliance you do not need to worry or read the rest.
If you are having tax issues or you are in non compliance with the IRS and need to chat, hit us up for a free tax consult. We specialize in Expat Tax.
We have worked countless numbers of these cases.
Since we have worked for the IRS we know all the tax strategies and procedures related to the tax filings and tax settlements to get you through worry free.
Penalties for not filing.
Significant penalty imposed for not filing expatriation form
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854, Initial and Annual Expatriation Information Statement (PDF). Form 8854 must also be filed to comply with the annual information reporting requirements of Internal Revenue Code section 6039G, if the person is subject to tax under Section 877 of the Code.
A $10,000 penalty may be imposed for failure to file Form 8854 when required.
IRS is sending notices to expatriates that have not complied with the Form 8854 requirements, including the imposition of the $10,000 penalty where appropriate.
The Instructions for Form 8854 (PDF) provide details about the filing requirements, related definitions and line-by-line instructions for completing the form.
Failure to file or not including all the information required by the form or including incorrect information could lead to a large penalty and tax enforcement.
ExPats IRS Tax Consultants, Income Tax Prep, File, Tax Settlements, Offer in Compromise
We can help today. Call and speak directly to Tax Attorneys, Former IRS or CPA’s.
We are affordable, assessable and will tell your the truth. We can file all back tax returns with or without records through our tax reconstruction methods.
Expatriates IRS Tax Consultants – Income Tax Prep, File, Tax Settlements – Tax Attorneys, Former IRS
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 31, 2012 | Back Taxes, IRS Payment Plans, IRS Tax Problem, Offer in Compromise, Tax Lawyer, Tax Settlements
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
1-866-700-1040 Free tax consultations, A plus rated by the BBB
If you cannot pay your back Internal Revenue Service tax bill you have different options on how to settle and close your case.
Fresh Start Tax LLC 1-866-700-1040 – Board Certified Tax Attorneys, CPA’s and Former IRS Agents, Managers and Instructors. Let us resolve your tax problem right now.
Let former IRS Agents and IRS Insiders get you the tax results you need. Let us use our 60 years of direct IRS tax experience work in your favor.
Taxpayers who owe the IRS back taxes have different options to close and settle back tax problems.
What to Expect!
Everything depends on a current financial statement and your current financial documented state.
The first thing that the IRS will require is a financial statement and that will be in the form of a 433A or a 433F, collections financial statement.This is the main key element where cases start and close. The preparation of this form is central to all negotiations.
There is much more than meets the eye when giving a financial statement to the IRS. IRS carefully makes sure the financial statements make sense. What does that look like?
IRS will make sure the bank statements, cost of living, the 433F or 433A and last 1040 filed all tie together? If it does not, expect the IRS to dig deep.
IRS will review bank statements to make sure they tie in all reported income. If you have more bank deposits than reported income, expect IRS to dig deeper.
IRS will always ask for documentation that verifies the financial statement. They will ask for the last pay stub, the last 3 months bank statements, copies of all monthly bills and any and all expenses claimed as necessary.
IRS may check the Google search engine to learn more about you and your business and interests. This is usually done on every case that reaches a field office.
IRS will fully review with completed documentation the option that best fits there profile and standards on how they will proceed to close your tax case.
Different tax options if you cannot pay your back taxes:
The IRS has usually 3 different remedies or solutions to settle taxes. Depending on your current financial statement IRS will place your case in hardship, have you make a payment to IRS or have your send in a Offer in Compromise to settle your complete tax bill.
You must be current on all your tax filing before IRS will expect and Offer package.
a. Hardship Cases are often call current not collectable.
1. Cases usually go into a 3 year suspended status because of an inability to pay.
Your case will go into a hardship status because you do not have the income coming in to meet your current expenses. The IRS will use the National Standards Program to assess hardship.
b. Payment Agreements, Installment Arrangements, Payment Plans or Streamline payments
1. Cases can be closed with agreed upon monthly installment payments to the IRS. We will review the different programs the IRS uses for the lowest possible amount required.
c. Offer in Compromise Tax Debt Settlement Program: There are three types of Offers in Compromise
The IRS may accept an Offer in Compromise or a tax debt settlement based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration/ Exceptional Circumstances ( Rare acceptance ) – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Get the tax relief you need on your back taxes.
Call Tax Attorney’s, CPA’s and Former IRS Agents.
We can also prepare all unfiled tax returns.
Cannot pay the IRS Back Taxes ? You have options to settle your tax problem
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 steve | Feb 28, 2012 | IRS Tax Debt
Settle your Back Taxes with The Offer in Compromise Program 954-492-0088, FORMER AGENT, I TAUGHT THIS PROGRAM AT IRS, HEAR THE TRUTH!
I taught the offer in compromise program as a Former IRS agent. I worked out of the local South Florida IRS field offices. FREE CONSULTATIONS
- IRS accepts 20% of all Offers in Compromise filed.
- IRS received 55,000 offers in compromise last year.
- 90% of those accepted offers come from tax professional who know the system.
The Offer in Compromise is a IRS Tax Program that have lead many to thinking I can settle my taxes for ” pennies on a dollar.” While the statement is true many taxpayers are disappointed when IRS sends out a rejection letter.
Just for the record, as a Former IRS Agent who worked offers in compromise, IRS does everything they can to reject offers in compromise.
The Offer in Compromise requires a great deal of skill and knowledge. The Offer on Compromise is worked much like a IRS tax audit. IRS spends no less than 20 hours working the Offer.
IRS has specialists work the Offer in Compromise Program. These specialist are the highest level of IRS personnel training in financial review and analysis.
As a former IRS Agent I have worked hundreds of Offer in Compromise. Sadly, most taxpayer have no clue what they are getting into.
A word to the wise, never submit an offer in compromise without having a full evaluation to see whether you qualify for the program.
By submitting the offer in compromise you are giving the IRS a financial road map to your life and it can become a valuable collection tool if your offer in compromise goes south.
A 433-OIC is required to complete the evaluation.
The basic rules for Offers in Compromise, you must give IRS all your equity in all your assets. IRS will also complete an income analysis to determine monthly payments.
Offer in Compromise – Payment Options
Your initial payment will vary based on your offer and the payment option you choose:
- Submit an initial payment of 20 percent of the total offer amount with your application. Then you can wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
- You can submit your initial payment with your application.You can then continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.
Understand the Offer in Compromise Program and the Process
While your offer in compromise is being evaluated by the IRS;
- Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
- A Notice of Federal Tax Lien may be filed;
- Other collection activities are suspended;
- The legal assessment and collection period is extended;
- Make all required payments associated with your offer;
- You are not required to make payments on an existing installment agreement; and
- Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for a free tax evaluation.
Miami, Ft.Lauderdale, Palm Beach, South Florida – IRS Tax Experts
