Tax Attorney, Tax Lawyer, IRS Levy, Tax Audit, Tax Help – Former IRS Agents – Ft. Lauderdale, Miami, Palm Beaches 954-492-0088
We are anything IRS related.
Since 1982 we have practiced right here in South Florida.
We are comprised of tax attorneys, tax lawyers, CPAs and former IRS agents.
We have over 60 years of directly working for the Internal Revenue Service in the local South Florida IRS offices.
We have held positions as agents, managers, teaching instructors and former IRS appeals agents. With our combined 60 years of direct experience right here in South Florida we’ve worked thousands of taxpayer cases.
Since 1982 we have been representing South Floridians with any of their IRS needs, IRS problems, and IRS matters.
We can help release any IRS tax levies, tax liens and work out any tax settlements that you may have with the IRS. If you are undergoing an IRS tax audit we have former IRS audit managers, revenue agents and appeals agents to go ahead and deal with any matter or complications as a result of an IRS tax audit.
Should you wind up owing money to the Internal Revenue Service we can negotiate a tax settlement for you.
Call us today for a free tax consultation and you will speak directly to a tax attorney, tax lawyer, former IRS agent.
We are very affordable and we are A+ rated by the Better Business Bureau.
When you call we will go over the new IRS program called the Fresh Start Initiative. IRS is now dealing with taxpayers and have IRS matters in a way that persons can go ahead and deal with their tax issue in a more user-friendly way.
New IRS Fresh Start Initiative
The Internal Revenue Service has expanded its “Fresh Start” initiative to help struggling taxpayers who owe taxes.
The following four tips explain the expanded relief for taxpayers.
Penalty Relief Part.
This initiative relieves some unemployed taxpayers from failure-to-pay penalties. Penalties are one of the biggest factors a financially distressed taxpayer faces on a tax bill.
The Fresh Start Penalty Relief Initiative gives eligible taxpayers a six-month extension to fully pay 2011 taxes. Interest still applies on the 2011 taxes from April 17, 2012 until the tax is paid, but you won’t face failure-to-pay penalties if you pay your tax, interest and any other penalties in full by Oct. 15, 2012.
The penalty relief is available to two categories of taxpayers:
1. Wage earners who have been unemployed at least 30 consecutive days
during 2011 or in 2012 up to this year’s April 17 tax deadline.
2. Self-employed individuals who experienced a 25 percent or greater
reduction in business income in 2011 due to the economy.
To qualify for this penalty relief, your adjusted gross income must not exceed $200,000 if married filing jointly or $100,000 if your filing status is single, married filing separately, head of household, or qualifying widower.
Your 2011 balance due can not exceed $50,000.
Taxpayers who qualify need to complete a new Form 1127A to request the 2011 penalty relief.
Installment agreements.
An installment agreement is a payment option for those who cannot pay their entire tax bill by the due date. The Fresh Start provisions give more taxpayers the ability to use streamlined installment agreements to catch up on back taxes and also more time to pay.
The new threshold for requesting an installment agreement has been raised from $25,000 to $50,000. This option requires limited financial information, meaning far less burden to the taxpayer.
The IRS maximum term for streamlined installment agreements has been raised to six years from the current five-year maximum.
If your tax debt is more than $50,000, you’ll still need to supply the IRS with a Collection Information Statement (Form 433-A or Form 433-F).
You also can pay your balance down to $50,000 or less to qualify for this payment option.
With an IRS installment agreement, you’ll pay less in penalties, but interest continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, you must agree to monthly direct debit payments.
Offer in Compromise, IRS Tax Debt Settlement
Under the first round of Fresh Start in 2011, the IRS expanded the Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.
An Offer in Compromise or Tax Debt Settlement is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
The IRS finally recognizes many taxpayers are still struggling to pay their bills so the agency has been working on more common-sense changes to the OIC program to more closely reflect real-world situations.
An offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.
For more about offers or tax debt settlements call us today. Taxpayer should never file an offer in compromise or a tax debt settlement without seeking professional help. Being a former IRS agent and teaching instructor I can tell you firsthand that those taxpayers who file their offer in compromise using their own knowledge and skill are doomed for failure. The offer in compromise though is simple on the outside however it is a very complex procedure when work by Internal Revenue Service.
Call us today and get a free initial tax consultation and speak directly of tax attorneys, tax lawyers, former IRS agents. We are friendly and very affordable.
Tax Attorney, Tax Lawyer, IRS Levy, Tax Audit, Tax Help, Former IRS Agents, Ft. Lauderdale, Miami, Palm Beaches
