by Fresh Start Tax | Sep 5, 2012 | Tax Help, Uncategorized
Why not have Former IRS Agents, Managers and Instructors provide your tax service. Why would you use anyone else?
We can save you tax dollars because of our working knowledge of the many tax laws and the applications to your particular tax return.We taught Tax Law at the IRS.
We find tax deductions others will never find. We can audit proof your tax return.
Free tax consult – 954-492-0088
Our team of tax professionals have prepared thousands of tax returns and we understand the standards that IRS uses as well as having a knowledge of the DIF system that is in place and used by the IRS to pull tax returns for a tax audit.
We are staffed with Board Certified Tax Attorneys, CPA’s and Former IRS Agents.
We are affordable, friendly and we are experienced.
We have over 60 years of direct work experience in the local, district and regional offices of the South Florida IRS.
At Fresh Start Tax L.L.C. we have a wide range of tax services we offer.
Our Tax Services at Fresh Start Tax LLC include:
Accounting
Tax Planning
Bookkeeping
IRS Problem Resolution
Financial Planning
Estate and Trust Fund Planning
Incorporation
New Business Adviser
Payroll
Compilation of Financial Statements
Income Tax Preparation Service
Tax Preparation Help
Federal Income Tax Return
1040 Tax Return
State Tax Returns
Why IRS Audit of Tax Returns
Tax returns are selected for audit based on the following criteria:
1. High DIF Score .
An IRS numeric score (“DIF Score”) is assigned to taxpayers (by a computer program called the Discriminant Income Function). A high DIF Score portends a tax audit.
2. Third Party Information Reporting.
Third party information, (e.g., Forms 1099, W-2), does not match tax return information.
3. Third Party Sources.
Tax returns audited based on third party source information on inaccurate tax filings, non- compliance with tax laws. Third party sources include: media, public records or informants.
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 Fresh Start Tax | Jul 10, 2012 | Back Taxes, IRS Tax Problem, Representation, Tax Lawyer, Tax Levy and Wage Garnishments
Tax Wage Garnishment – Former IRS, Attorneys – IRS Tax Problems – South Florida, Miami, Ft.Lauderdale, Palm Beach – Affordable 954-492-0088
We are Former IRS agents who worked out of the local South Florida offices for over 60 years. We worked in the audit, collections and appeals divisions.
We also taught Tax Law at the IRS.
Resolve your tax wage garnishment issue today.
We can resolve any tax issue your have. Call for a no cost consult and speak directly to us. 954-492-0088.
If the IRS has just sent you a Tax Wage Garnishment it is very possible to get the tax wage garnishment released this week.
If you have back tax returns not filed we can prepare those as well.
The Wage Garnishment unlike a bank levy is a continued garnishment.
The IRS will enforce the tax wage garnishment each payday until you contact IRS and resolve your case.
As a Former IRS Agent, I can tell you most people do not understand that the IRS just wants to close there case and the only way to get attention from the taxpayer is to send out a tax wage garnishment, a bank levy,or a federal tax lien.
IRS will require a current financial statement, usually a 433F or a 433A with back up documentation. With that in hand the IRS can analyze the state of your financial affairs and make a decision on how to resolve your case.
The Internal Revenue Service will either;
1. Put your case in hardship or uncollectible,
2. will ask you to make payments,
3. recommend you file a Offer in Compromise.
It also is imperative the all your tax returns are filed and up to date.
Should you have any questions of need immediate tax help relief, call us today.
We are “A” Plus rated by the BBB.
Tax Wage Garnishment – Former IRS, Attorneys – IRS Tax Problems – South Florida, Miami, Ft.Lauderdale, Palm Beach – Affordable
by steve | Feb 28, 2012 | Installment Agreements, IRS Payment Plans
Make payments to the IRS – Get a payment plan – IRS Tax Experts – South Florida – Miami, Ft. Lauderdale, Palm Beaches 954-492-0088
Make Payments to the Internal Revenue Service – Call us today and get started!
If you are looking for a IRS installment agreement, payment agreement, or payment plan it is very possible within the next hour you can be set up on the IRS system for making payments.
We are former local South Florida IRS Agents who know the system. We have over 60 years in the local South Florida IRS offices.
IRS Tax Options for Making Payments to the IRS.
The IRS offers different tax options to make payments and the IRS has been getting user friendly over the past couple years making installment agreements, payment agreements easier to obtain without giving your life away.
The Payment Program depends on the dollar amount you owe and the type of tax owed to the IRS.
If you owe payroll taxes, you will not qualify for these program. We will have to make special arrangements with the IRS. Payroll payments ,941, are much more complicated and detailed.
There are different types of installment agreements that a taxpayer can qualify for in making payments to the IRS.
To qualify for making payments to the IRS you must;
- File all required tax returns;
- Consider other sources (loan or credit card) to pay your tax debt in full to save money; ( IRS will asked if you have tried and might ask for the loan denial letter.
- Determine the largest monthly payment you can make ($25 minimum); and
- Know that your future refunds will be applied to your tax debt until it is paid in full.
- IRS will also make sure you have the proper amount of withholding is being taken out or make sure you are making ES payments if you are self employed.
To avoid the fee for setting up an installment agreement please keep the following in mind;
Pay the full amount you owe within 120 days to avoid the fee.
You should apply online to specify this option (or call if you owe more than $50,000). If you cannot pay the full amount within 120 days, the fee for setting up an agreement is:
- $52 for a direct debit agreement;
- $105 for a standard agreement or payroll deduction agreement; or
- $43 if your income is below a certain level.
Apply for an installment agreement
Call us today and we will review the entire process with you and also consider the filing of an offer in compromise and possibly the abatement of penalties and interest.
Make payments to the IRS – Get a payment plan – IRS Tax Experts – South Florida – Miami, Ft. Lauderdale, Palm Beaches
