by Fresh Start Tax | Dec 5, 2012 | IRS Tax Debt
IRS Tax Relief Attorneys, Lawyers – Tax Audits, Tax Settlements – Essex, Morris, Bergen, Passaic, Union – New Jersey
Stop the worry today.
Hire true IRS Experts for affordable fees.
We are comprised of Tax Attorneys, Tax Lawyers, CPA’s and Former IRS Agents, Managers and Instructors.
We have over 205 years of professional tax experience and over 60 years of direct IRS tax experience.
While at IRS we taught Tax Law and we are familiar with all the tax settlement procedure and IRS tax audit guidelines. We can quickly and for affordable fees settle your tax case.
How Fresh Start Tax LLC a professional tax firm works.
1. We immediately send a power of attorney to the IRS letting them know we are now your tax representative.
You will never have to speak to the IRS and all communication will be handled by our tax professionals.
2. We will make sure all your tax returns are filed and current.
If your tax returns are not up to date the IRS will not close your case.
This is leverage that the IRS will use to get you tax compliant within their system.
We can pull tax transcripts, file and prepare your tax returns within days, even if you have lost or have little or few your tax records.
3. The IRS requires a current financial statement.
We will secure a required 433-A or a 433F IRS financial statement, verify the income and expenses and work out a settlement agreement. The IRS will require a closing settlement method for each case.
4. We review with our clients how they want to settle their case. We get them an agreement based on their current financial needs.
IRS Settlement Types.
After IRS reviews your fully documented financial statement the IRS will either:
1. Place you in a tax hardship because your current expenses exceed your income that is based on the National and Regional Standards.
2. Your financial statement show that you have the funds to set up a installment or payment agreement.
3. You are a settlement candidate. These settlements are called offers in compromise. Before we submit an offer in compromise we will qualify you before submitting any settlement. IRS accepts 30% of all settlements submitted.
IRS Tax Audit Representation.
Facts about IRS Tax Audits:
the advantage of Fresh Start Tax LLC is simply this. You will have Former IRS agents, managers, instructors and former IRS appeals agents defend your tax return during a tax audit.
We know ever tax strategy used by IRS and know how to defend every issue. Call today for a no cost consult.
- The IRS audits a total of 1,491,581 tax returns a year,
- The IRS field agents complete more than 320,000 audits by office or business visits a year,
- The IRS completes over 1,081,152 correspondence or mail audits a year,
- IRS has installed new software tracking systems with the development of the CADE 2 computer to spot and recognize tax audits more proficient,
- 1% of all tax returns are audited each year.
IRS Tax Relief Attorneys, Lawyers – Tax Audits, Tax Settlements – Essex, Morris, Bergen, Passaic, Union – New Jersey
by Fresh Start Tax | Aug 23, 2012 | Back Taxes, IRS Tax Debt, Offer in Compromise
We are former IRS agents who taught Tax Law at the IRS . We are offer in compromise and tax settlement experts.
Let us offer a free tax consultation to your back tax problem. 1-866-700-1040
There are several different options how to pay back taxes to the IRS.
This article will deal with the method of payment and the form of repayment.
Back taxes will always be a tax problem until you remove your case off of the CADE enforcement computer of the IRS.
If you are looking to retain a professional tax firm you should look to Fresh Start Tax LLC to find the easiest and most affordable ways to get Uncle Sam off your back.
We are comprised of Tax Attorneys, CPA’s and Former IRS Agents. We have over 60 years of working directly for the IRS.
Tax options to pay Back Taxes to the IRS:
Methods of making the back taxes payment
a.Electronic Funds Transfer.
You can pay your tax bill by electronic funds transfer, check, money order, cashier’s check or cash. To pay using electronic funds transfer, use the Electronic Federal Tax Payment System by either calling 800-555-4477 or using the online access at www.eftps.gov.
b.Credit card payments.
You can pay your bill with a credit card. Again, the interest rate on a credit card may be lower than the combination of interest and penalties the IRS must charge.
To pay by credit card you can contact one of the following processing companies:
1. WorldPay US, Inc. at 888-9PAY-TAX (or www.payUSAtax.com),
2. Official Payments Corporation at 888-UPAY-TAX (or www.officialpayments.com/fed), or
3. Link2Gov Corporation at 888-PAY-1040 (or www.pay1040.com)
How to get more time, get installment agreements of apply for a tax settlement
Installment Agreements.
You may request an installment agreement if you cannot pay the total tax you owe in full.
This is an agreement between you and the IRS to pay the amount due in monthly installment payments. There are different options depending on the facts and circumstances of each case. you should contact us directly to find out the options on your particular case.
Note: You must first file all required returns and be current with estimated tax payments. IRS will refuse to deal with you if you are not fully compliant with all tax filings.
If you owe under $50,000 we can get you a guaranteed installment agreement without detailed financial information however if you owe over $50,000 the work is much more involved and detailed financial statements will be required by the IRS.
Offer in Compromise, Tax Settlement
IRS is now offering more flexible terms with its Offer-in-Compromise Program.
An OIC is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax debt for less than the full amount owed.
An OIC is generally accepted only if the IRS believes, after assessing the taxpayer’s financial situation, that the tax debt can’t be paid in full as a lump sum or through a payment agreement.
The offer in compromise ( tax settlement ) is a very detailed format and requires the filing of a 433 OIC and 656. IRS spends an average of 20 man hours for every offer in compromise it accepts.
Call us to make sure you are a candidate for a offer in compromise or a tax settlement. If you are a candidate you will settle for pennies on a dollar. We are Offer in Compromise specialists.
Fresh Start Program just initiated by the IRS has made the Service a friendlier agency to deal with. Call us for more details.
How to pay Back Taxes to the IRS – Tax Settlement, Offer in Compromise – Fresh Start Tax LLC
by Fresh Start Tax | Jul 11, 2012 | Back Taxes, Expatriate Tax, Offer in Compromise, Representation, Tax Lawyer, Tax Returns, Tax Settlements
If you are a Expatriate and need help in filing tax returns, filing back taxes or undergoing a IRS Tax Audit, call us for a no cost professional tax consultation. 1-866-700-1040.
We can take the fear and worry out of the IRS tax issue. As Former IRS Agents we know exactly hoe to minimize your IRS exposure.
We are comprised of Board Certificated Tax Attorney, Tax Lawyers, CPA’s and Former IRS agents and Manager.
We have worked for the IRS for over 60 years in both the field office, district and regional offices of the IRS including teaching Tax Law to all the new IRS agents.
We are aware of all the tax techniques, settlement provisions and tax policies that govern all areas of IRS audits, collection, appeals and expatriate cases.
Filing Current Tax Returns
There are many tax treaties in place with foreign countries and special tax laws in place that deal with income exclusions, tax credits and special rulings.Depending on the country where you reside we will analyze all the tax and revenue procedures so you pay the lowest amount allowed by law.
Back Taxes.
With the IRS modernizing their CADE computer system the IRS will be able to root out non filers by tracing their social security numbers that are now part of the matching program with foreign governments. With the IRS finding a wealth of tax dollars, some $4.4 billion overseas, IRS plan to ramp up full enforcement.
Tax Audits.
IRS has received $500 million dollars from the Federal Government to enforce the tax laws and tax compliance of all taxpayers. One of the targets IRS has announced it will work hard is the area of Expatriates. Special IRS Audit Groups are being formed within the IRS to target Expatriate Tax Audits.
Tax Settlements, Offers in Compromise.
Should you owe tax the good news it that the IRS has announced through the Fresh Start Program that IRS tax settlements are now much easier to settle.
Call us for full details on your individual case.
Expatriate Filing Tax Returns, Back Taxes & Tax Audits – Expat IRS Tax Experts – Attorneys, Former IRS – Expats Tax Problem Help
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 | Expatriate Tax, Representation, Tax Returns
Expatriates File Tax Returns – Living in England 1-866-700-1040
Let Former IRS Agents and CPA’s help reduce your tax debt.
We understand all the tax exclusions related to expatriate tax returns, and will help figure out how you can pay the lowest amount allowed by law.
If you are now living in England and need to file American tax returns call us today and we can fully take care of all your tax matters.
Free tax consultations. 1-866-700-1040.We also have on staff IRS tax attorneys and lawyers.
We have on staff Board Certified Tax Attorneys ( Experts in Expatriate Tax Law ), CPA’s and Former IRS Agents who have over 60 years with the IRS in the local , district and regional offices of the Internal Revenue Service.
We taught Tax Law at the IRS.
Those living in England
We want to remind those living in England and needing to file American expatriate taxes the option to e-file. E-filing has become the most popular way to file American expatriate taxes with nearly 80% of taxpayers choosing to file electronically.
More than one billion individual tax returns safely and securely filed online, and we what to remind our taxpayers clients why it has become the very best option for filing.
The benefits of E-File an American Expatriate Tax Return:
1. Safety, peace of mind, and security.
E-file providers must meet strict guidelines and provide the best in encryption technology. You receive an acknowledgement within 48 hours that the IRS received your return. If the IRS rejects the return, the receipt will explain why so you can quickly correct and resubmit.
2. Much Faster refunds.
An e-filed tax return normally means a fast refund. If you combine e-file and direct deposit the IRS can typically issue your refund in as few as 10 days. About three of four taxpayers receive a refund and last year the average refund was approximately $2,900.
3. Different payment options.
If you e-file you can file early and set an automatic payment withdrawal date for any date on or before the April due date. You may also pay by paper check or even by credit card.
We can also file all back, late or past due tax returns and work out a tax settlement if necessary.
Expatriate File Tax Returns – England – IRS Experts, Former IRS – Affordable
