by Fresh Start Tax | Jul 16, 2012 | IRS Tax Problem, Tax Lawyer
IRS Tax Fraud – Ft.Lauderdale, Miami, West Palm Beach – IRS Tax Experts – Attorneys, Lawyers, CPA’s, Former IRS 954-492-0088
If you are in need IRS Tax Representation call us for a no cost tax consult. We are comprised of Board Certified Tax Attorneys, CPA’s and Former IRS agents and managers.
Here the truth from Former IRS Agents about your tax situation. Let us help with the fear and worry. 954-492-0088.
IRS Tax Fraud is rampant in South Florida. Almost each week the IRS is bringing to justice those taxpayers who are committing tax fraud and tax identity theft.
This month was no different.
This time the Military and Armed Forces were targeted. These people have no shame. These are also very stupid people to think they will not be caught. What are they thinking. They have left paper trails right to there front doors. Stupid is as stupid does.
A Coral Springs woman was sentenced to five years and 10 months in federal prison on Thursday for her role in an identity theft tax fraud that targeted U.S. Marines, prosecutors said.
Dorothy Boulin, 29, admitted that she had obtained a list of Marines’ names and Social Security numbers for identity theft purposes and that she used the information to submit fraudulent tax returns.
Boulin sought close to $54,000 in fraudulent income tax refunds, mostly using Marines’ identities without authorization, prosecutors said.
IRS Tax Fraud – Ft.Lauderdale, Miami, West Palm Beach – IRS Tax Experts – Attorneys, Lawyers, CPA’s, Former IRS
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 | 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.
by Fresh Start Tax | May 25, 2012 | Tax Help, Uncategorized
New Offer in Compromise Program – Get tax relief in Ft.Lauderdale, Miami, West Palm Beach 954-492-0088
The local Miami, Ft.Lauderdale and West Palm Beach IRS offices are soon to be flooded with Offer in Compromises,Tax Debt Settlements
The IRS Agents have no idea what they are in for. The flood gates have been released.
A more flexible program is now in place and it is called the Fresh Start Program, I think they developed the idea after our name, Fresh Start Tax LLC.
By the way we are former IRS Agents and Managers who know this program inside and out. We taught this program at the IRS.
With the new policy in place, thousands upon thousands of taxpayers will be looking to settle their IRS tax debt.
In the past IRS received about 56,000 offers a year with the acceptance rate about 30%
I would expect that number to triple and probably have a 50% acceptance rate.
Finally, pennies on a dollar is now possible for taxpayers .
In general, an Offer in Compromise is an legal agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
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 New IRS Policy number IR-2012-53 which was introduced on May 21, 2012.
The Internal Revenue Service announced another expansion of its “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past. This remains to be seen depending on the case load. The normal time for an offer once in the system was between 6-12 if you were lucky.
This announcement focuses on the financial analysis used to determine which taxpayers qualify for an OIC. This announcement also enables some taxpayers to resolve their tax problems in as little as two years compared to four or five 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.
The IRS recognizes that many taxpayers are still struggling to pay their bills so the IRS Department of Treasury has been working to put in place common-sense changes to the OIC program to more closely reflect real-world situations.
Changes to the Offer in Compromise Program:
When the IRS calculates a taxpayer’s reasonable collection potential or RCP, it 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.
All offers must be fully paid within 24 months of the date the offer is accepted. The Form 656-B, Offer in Compromise Booklet, and Form 656, Offer in Compromise, has been revised to reflect the changes.You can download the forms on our website.
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.
Allowable Living Expenses allowed by the IRS for Offers in Compromise.
The Allowable Living Expense standards are used in cases requiring financial analysis to determine a taxpayer’s ability to pay.
The standard allowances provide consistency and fairness in collection determinations by incorporating average expenditures for basic necessities for citizens in similar geographic areas. These standards are used when evaluating installment agreement and offer in compromise requests.
The National Standard miscellaneous allowance has been expanded to include additional items.
Taxpayers can use the miscellaneous allowance for expenses such as:
1. credit card payments and
2. bank fees and charges which were never allowed in the past.
IRS has provided some guidance and clarified to allow payments for loans guaranteed by the federal government for the taxpayer’s post-high school education.
In addition, payments for delinquent state and local taxes may be allowed based on percentage basis of tax owed to the state and IRS.
Should you have any questions call us today. Have experienced Former IRS Agents answer your questions.
New Offer in Compromise Program – Get Tax Relief in Ft.Lauderdale, Miami, West Palm Beach
by steve | Aug 4, 2011 | Debt Consolidation
Fresh Start Tax L.L.C. Since 1982 A Professional Tax Firm “A” Rated by the Better Business Bureau
Fresh Start Tax L.L.C. is pleased to announce there relationship with the Oliver Law Group who will be handling the Debt Consolidation of their clients credit and debt problems.
The Oliver Law Group is one of the highest rated Debt Consolidation Law Firms in the South Florida area.
Call us for more details. We are a Firm you can count on the resolve all your credit and tax debt issues.
Why This Firm Believes in Debt Forgiveness –
The Oliver Law Firm, P.A. launched its “Debt Forgiveness” Department to level the playing field between consumers and creditors.
Since 2007, a long-term process of “recalibrating” values of all sorts of assets has been underway worldwide. Real estate values are the most vivid example of assets being re-valued. Credit card and other unsecured debts are also assets – assets owned by creditors that should also be recalibrated in appropriate circumstances. Banks are at a distinct advantage over the consumer in recalibrating these asset values – an unfair fight.
Governments and corporations are engaging in the process of recalibrating assets. When banking institutions cried “hardship,” others, particularly the federal government, made accommodations — sometimes in the form of “bailouts.” In our view, the ongoing recalibration of values was, and is, absolutely necessary and appropriate.
However, it is now necessary and appropriate for banks to similarly accommodate their customers at a time of financial stress and hardship. Those who seek to responsibly deal with their debt are just as entitled to aggressive, experienced advocacy as are creditors. Our Firm established its Debt Forgiveness Department to bring that level of advocacy within reach.
For consumers who want to deal responsibly with debt, it seems banks and credit card companies always have the advantage. The Oliver Law Group, P.A. levels the playing field as your experienced intermediary and advocate.
Areas of Tax Practice:
- Immediate IRS Tax Representation
- Offers in Compromise/ IRS Tax Debt Settlement
- Immediate Release of Bank Garnishments or Wage Levies
- IRS Bill/Notice of “Intent to Levy” or Final Notices
- IRS Tax Audits Small and Large Dollar
- Hardships Cases / Unable to Pay
- Payment Plans, Installment Agreements
- Innocent Spouse Relief
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll/ Trust Fund Penalty Cases
Our Company Resume: ( Since 1982 )
- Our staff has over 205 years of professional IRS tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, IRS Tax Lawyers, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Certified by the Internal Revenue Service
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
- As heard on 90.3 FM Monthly Radio Show-Business Weekly
See our Home Page for more details Thank you
