by Fresh Start Tax | May 14, 2014 | Tax Help
We are a Affordable Christian tax firm that specializes in IRS representation.<><
We have been in private practice since 1982 and have over 206 years of professional experience and have over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
We are comprised of Christian Tax Professionals.
Our firm handles any IRS problems whatsoever including: collections and billing notices to IRS tax audits including IRS appeals.
Also on staff is a Christian tax attorney for cases that need to go US Tax Court.
Why Hire Fresh Start Tax, LLC, a Christian Tax Services Firm? We tell you the truth!
1. Fresh Start Tax is a National Tax Firm whose principles have been practicing Tax Law since 1982.
2. On staff are Christian Board Tax Attorneys, CPAs and Former IRS Agents, Managers and Instructors.
3. Former IRS Agents/Managers will review, manage, represent and close your IRS Tax Case for the best settlement possible.
4. We are one of the most experienced and trusted Professional Tax Firms with over 205 years of tax experience.
5. We have an “A” Plus Rating from the Better Business Bureau.
- Our professional have saved clients millions of dollars
- We’ve successfully resolved thousands of cases since 1998
- We are dedicated to providing the highest standards in the quality of our work and making sure the customer’s experience exceeds their expectations
How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
Proverbs 18:2 Fools have no interest in understanding; they only want to offer their own opinions.
Proverbs 27:9 The heartfelt counsel of a friend is as sweet as perfume and incense.
Call us today for free initial tax consultation.
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 20, 2012 | Back Taxes, IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Tax Lawyer
With the new Fresh Start Program offered by the Internal Revenue Service the IRS will find itself flooded with hoards of new offers in compromise also called tax debt settlements so taxpayers can reduce and settle their tax debt with the IRS.
This new program will offer literally thousands of taxpayers a way out that was never afforded to them before.
The old program offered little in the way of a tax settlement. About 15,000 thousand cases were accepted each year out of the 55,000 offers in compromise filed.
I would expect that number of offers in compromise to triple this year. IRS will not have the manpower to keep up with the demand of the new offer in compromise settlements.
The main components of the new Offer in Compromise
The IRS looks at two major aspects;
1.Income and
2. Assets, they care little on your debt situation. Some rules have loosen and each case is based on it own merit.
IRS will investigate four major issues to accept your offer in compromise
The four components of collectibility:
1.net equity in assets,
2.present and future income,
3.amounts collectible from third parties,
4. and amounts available to the taxpayer but beyond the reach of the IRS)
IRS will determine the total asset value of all assets and what is called reasonable collection potential in regards to your present income.IRS adds the two together and comes up with a settlement proposal.
After the IRS reviews your 433 OIC and your 656 the IRS will assign a detailed evaluation of the case and send to you a proposed settlement based on the offer in compromise you turned in along with the financial statement that you provided.
You can have former IRS agents and managers pre-qualify your offer in compromise or your tax debt settlement.
We will provide a free analysis so your do not get ripped off by other tax resolution companies.
You will have Former IRS Agents who were offer in compromise specialists give you a detailed review of the your offer in compromise before it is sent in.
Get free advice on your tax debt settlement.
Call us today for free tax consult. 1-866-700-1040
by Fresh Start Tax | Jun 19, 2012 | Back Taxes, Expatriate Tax, Income Tax Preparation, Tax Help, Tax Returns
We are a Christian Tax Firm <>< specializing in Expatriates tax situations, tax problems and tax resolutions.
We have on staff Christian Tax Attorneys, CPA’s and Former IRS Agents.
We have over 205 years of professional tax experience and over 60 years working directly for the IRS in the local, district and regional IRS offices.
We are IRS tax experts in all Expatriate Tax Problems.
Christian Tax Help – How do you discern godly counsel?
Psalm 37:30 The godly offer good counsel, they know what is right from wrong.
If you need to file a income tax return or have to file back taxes for unfiled years call us today for a free tax consultation.
Should you owe back taxes we can work out a tax settlement called the offer in compromise.
We will give you good solid Biblical Advice.
We are on Christian Radio and you can hear us on Grace FM and fully support REACH FM.
Penalty imposed for not filing expatriation form – Penalty for Non Filing
Anyone who has expatriated or terminated his U.S. residency status must file Form 8854.
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 penalty.
If this has happened to you and you need to get penalties and interest abated or removed call us today to see if you have reasonable cause to abate the penalties and interest.
Christian Tax Help – Expatriates Tax Problems – Tax Returns, Settlements – Tax Attorneys, CPAs, Former IRS
by Fresh Start Tax | Jun 4, 2012 | IRS Tax Debt, IRS Tax Problem, Offer in Compromise, Representation, Tax Help, Tax Lawyer, Tax Returns, Tax Settlements, Uncategorized
Settling your IRS tax debt has just been made much easier through the new Fresh Start Program just launched by the Internal Revenue Service.
On May 21, 2012 the Internal Revenue Service announced another expansion of its “Fresh Start” initiative by offering much more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially troubled taxpayers/businesses to clear up their IRS tax problems/issues and in many cases more quickly than in the past. This is one of the biggest changes ever by the IRS in regard to IRS tax debt.
The new announcement specifically targets on the financial analysis used to determine which taxpayers qualify for an Offer in Compromise or a tax debt settlement.
This announcement also enables some taxpayers to resolve their tax problems in as little as two years compared to four or five years or in some cases 10 years in the past.
In certain circumstances, the changes announced today include:
1. Revising the calculation for the taxpayer’s future income
.2 Allowing taxpayers to repay their student loans.
3. Allowing taxpayers to pay state and local delinquent taxes.
4. Expanding the Allowable Living Expense allowance category and amount.
An OIC ( Offer in Compromise ) is an agreement between a taxpayer and the IRS that settles the taxpayer’s IRS tax debt liabilities for less than the full amount owed. In many cases “pennies on a dollar’. The usually settlement is about $.014.
An OIC is generally not accepted if the IRS believes the liability can be paid in full as a lump sum or a through payment agreement. The IRS looks at the taxpayer’s two major assets:
1. all income including social security, disability income,
2. liquid assets including 401k and all pensions
to make a determination of the taxpayer’s reasonable collection potential.
Offers in Compromise are subject to acceptance on legal requirements and must be approved by 3 layers of IRS management.
The IRS finally recognizes that many taxpayers are still struggling to pay their debts and are underwater on there mortgages so the IRS has been working to put in place “common-sense changes” to the OIC program. This change is long over due.
When the IRS calculates a taxpayer’s reasonable collection potential, the Internal Revenue Service will now look at only one year of future income for offers paid in five or fewer months, down from four years, and two years of future income for offers paid in six to 24 months, down from five years. This is a huge change and will allow the taxpayers to reduce their IRS tax debt as far down as 75%.
Settling your IRS tax debt has really been made much easier starting today.
All offers in compromise must be fully paid within 24 months of the date the offer in compromise is accepted.
The new IRS Form 656-B, Offer in Compromise Booklet, and new IRS Form 656, Offer in Compromise, has been revised to reflect the changes.
Other changes to the program include narrowed parameters and clarification of when a dissipated asset will be included in the calculation of reasonable collection potential. In addition, equity in income producing assets generally will not be included in the calculation of reasonable collection potential for on-going businesses.
It is always best to make sure your offer in compromise or your tax debt settlement qualifies for a tax settlement in the first place.
Call the tax professionals at Fresh Start Tax LLC. We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS Agents and Managers.
We can also file all past due, late, or back tax returns. We are your firm for immediate and permanent tax relief on back taxes.
