Wesley Snipes IRS Issues: He would not have been indicted for tax fraud if Joe Mastriano, CPA represented him before IRS My clients are not charged with fraud for failure to file IRS taxes, fraudulent claims for tax refunds, or other IRS problems, causing liens, delinquency notices, summons, or levies. Mr. Snipes apparently got the wrong advice. Most respected CPA’s and Attorneys know better then to take extreme risks with the IRS. It’s one thing to protest the tax laws. There are political forums for that. It is quite another to blatantly ignore the IRS guidelines. These guidelines, whether we feel they are fair or not are strongly supported by the  federal and state governments who will go to great lengths to prosecute violators. I represent many taxpayers who fail to file their returns. I assist these people in filing their delinquent back tax returns. The IRS must prove willfulness in order to find you guilty of a crime. Out of thousands of clients, this has never been an issue! In my opinion you have to be looking for trouble to be charged with willful failure to file. As for fraudulent claims for refunds; why claim a refund you are not entitled to. I have represented many taxpayers who “overstated” deductions on their returns, had no receipts, or valid explanations for the deductions, etc. and again the issue of willfulness or prosecution has never come up. You have to blatantly disregard the rules and almost make an enemy of the IRS auditors, to get them to want to do the work involved in a criminal investigation. My experiences have led me to the conclusion that the IRS really isn’t looking to prosecute taxpayers for non-filing or claiming improper deductions. They really want people to be in compliance with the tax ...Continue Reading

Houston IRS Tax CPA Offers Help w/ Penalties and Interest Relief. Failure to File Penalty, Late Payment Penalty, the Penalty for Underpaying Estimated Taxes, the Substantial Understatement Penalty, and the Penalty for Negligence or Intentional Disregard.

IRS Tax Liens & Levies – Some Insight From The Killer IRS CPA! IRS tax liens and levies come when you don’t take a proactive approach with filing and paying your taxes. If you ignore letters pertaining to your delinquent taxes then it will turn into a tax liability when the IRS prepares the return for you. IRS Collections & Levies If you don’t respond to IRS collections then they will issue a levy. The IRS will also place a general property tax liens in the counties they fell that you have assets in. This protects them against 3rd parties acquiring equity. IRS Problems: Tax Liens & Levies According to IRSTaxFix, “IRS Problems impact one in four Taxpayers. Relief is available if you can qualify. Solutions such as Offer in Compromise, Bankruptcy for Taxes, Levy Prevention, Levy Release, Lien Release, various types of Payment Plans, Currently Not Collectable Status (53), and sometimes restructuring your affairs to simply wait out the Internal Revenue Service are effective tools in your struggle.” Please See Our Liens and Levies Page for more useful information to help you solve your IRS problems. If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS problems are handled? Think again! For your analysis, click here to email me. Need more clarification on your IRS tax liens, call our office today!

Payroll Tax Problems – Get Some Insight From The Killer IRS CPA. Many people have tax problems concerning payroll taxes. Paying payroll taxes requires that you: Know who your employees are Know when to withhold and how much Know when to remit the funds and file the returns What are Payroll Taxes? When you pay employees, you must withhold federal income taxes, state and local income taxes (if your area has these taxes), social security, medicare, disability and/or unemployment taxes (in a few states only), and other non-tax deductions (medical, retirement, uniforms, etc.). You as an employer are responsible for paying the withheld taxes. My Payroll Tax Deposits Exceed $50,000 If your payroll tax deposits exceed $50,000 per year, you are required to deposit the taxes within 3 business days of each payroll, and must make tax deposits electronically (so the government can get its cash faster). When applying for electronic deposit, you should select the debit method (not the credit method) to give you more control over the payments and cut bank costs. How To Solve Your Payroll Tax Problems? When you are delinquent with payroll taxes, that’s when the REAL tax problems start. Please See Our Payroll Taxes Page for more information on how to handle your current IRS Payroll Tax problems. If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS problems are handled? Think again! For your analysis, click here to email me.

Innocent Spouse Attorney – Your Particular Case May Not Need An Attorney, Find Out Why! What are Innocent Spouse Cases? Innocent Spouse Cases are there for those that need tax relief of their tax liabilities, interest and penalties as a result of filing a joint tax return with your current or ex-spouse . Innocent spouse cases are not very straight forward, and they often require the knowledge of a good IRS attorney. The IRS created innocent spouse relief because situations do arise where it would be unfair to hold a spouse liable for the tax liability that was created. Innocent spouse tax relief is available from the IRS and some states. It can relieve you from taxes, penalties and interest that were acquired from a joint tax return that you filed with your spouse or ex-spouse. Types of Innocent Spouse Relief “Classic” Innocent Spouse Relief Classic type of relief available for an understatement of tax while filing a joint return. Relief by Separation of Liability Under this form of relief the understatement of tax is allocated between you and your spouse or former spouse. Equitable Relief Relief is available for an understatement of tax as well as an underpayment of tax. This type of relief is used if someone does not qualify for the first two types of relief but it would be unfair to hold them liable for the tax amount owed. File with the IRS by sending to the following location: IRS – IRS-Stop 840-F Innocent Spouse PO Box 120053 Covington, KY 41012 Do not send to any other IRS address, this is the central location for processing requests for innocent spouse relief. If mailed somewhere else it will significantly delay the process. For more valuable information concerning innocent spouse issues, please See Our Innocent Spouse Page. We ...Continue Reading

Expatriate Tax Return – Joe Mastriano, CPA Gives Us An In Depth Explanation! Expatriate tax return issues require the experience of a knowledgeable Tax CPA. People who live outside the U.S. often have to deal with expatriate tax return issues from the IRS. The following information is via a Suite101 Article: ” The US Tax Requirements on Expatriation According to the IRS, “The expatriation tax provisions under Section 877 and Section 877A of the Internal Revenue Code (IRC) apply to US citizens who have renounced their citizenship and long-term residents (as defined in IRC 877(e)) who have ended their US resident status for federal tax purposes.” There are different rules for expatriates depending on the date when they officially expatriated. * Expatriation on or after June 16, 2008 * Expatriation after June 3, 2004 and before June 16, 2008 * Expatriation on or before June 3, 2004 Americans Who Expatriated on or After June 16, 2008 New rules apply to the expatriate if they expatriated after June 16, 2008 * The average annual net income for the five years after the date of expatriation or the actual termination of residency is more than $139,000 (if the residency was terminated prior to January 1, 2009) * The net worth of the citizen is $2 million or more on the date of expatriation or termination of residency. * The expatriate failed to certify on form 8854 they complied for all US tax obligations for the five years before signing the expatriation or terminating residency. If the person expatriated prior to June 17, 2008 the rules in effect at that time applies here. Americans Who Expatriated After June 3, 2004 and Before June 16, 2008 The new form 8854 has been updated to allow individuals meet the new notification and information reporting requirements ...Continue Reading

Attorney Returns – Joe Mastriano, CPA Explains Why They May Not Be Your Best Choice! Tax Attorneys may be a valuable resource for the preparation of delinquent returns. Delinquent tax returns should be filed immediately, even if you cannot afford to pay the taxes owed. While filing delinquent returns without paying will cause interest and penalties to begin accruing, failure to file on-time dramatically increases these penalties. (A return is delinquent if you have not filed it by the due date and did not receive an approval for a filing extension.) These combined penalties can be as high as 25 percent of the taxes owed! 3 Key Points about Delinquent Returns Tax returns that are not in the IRS’s database of filed returns MUST be filed. If returns are not filed ASAP then you may find yourself defending an audit in which the IRS has prepared an SFR (Substitute for Return). They will decide what they think you owe on each unfiled return. The IRS should be contacted first to prevent the SFR from being filed and to also prevent any imminent collection action. The IRS has filed/will file a SFR It’s possible that the IRS has already filed returns for you. Under section 6020(b) of the Internal Revenue Code, the IRS may file a Substitute for Return (SFR) when you don’t file a return on your own. An SFR is usually not a good thing since it is calculated at Single or Married Filing Separate rates even though you may be qualified to file Married Joint or Head of Household. However, since the IRS has no return, they choose the highest tax rate, not the one you would choose for yourself. Filing delinquent returns may seem like a simple matter, but you may find some information you are unaware ...Continue Reading

Offer In Compromise Back Taxes – Solutions From The Killer IRS CPA. Reasons to File an Offer in Compromise The first is when there is doubt as to your liability. You believe the IRS liability is not valid and feel that the IRS will have difficulty proving it. The second is when there is doubt as to your ability to pay the taxes owed under your current circumstances. Most offers are filed under this section. The third is where taking your assets will create an undue hardship. A review of the facts of your case are needed to determine if you qualify under one of the reasons to file an offer in compromise. Choosing a Tax CPA for IRS Problems There are many companies that are competing for your business if you are considering filing an offer to settle your liability. There are also many issues to consider, such as the offer amount, who to contact, information to include, etc. We suggest that you See Our Offer in Compromise Page for the best way to handle your back tax issues by filing an IRS offer. If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS problems are handled? Think again! For your analysis, click here to email me.

Houston Bankruptcy – Joe Mastriano, CPA Explains Why This May Not Be Your Best Decision! Before Filing for a Houston Bankruptcy… Many people seek out Houston CPA’s and Attorneys to resolve their IRS problems. In an attempt to save taxes, businesses and individuals are often asked to file for bankruptcy. As a Houston CPA with over 30 years of experience with IRS problems, I’ve found ways to maximize a taxpayer’s savings by assisting in a corporate restructure, filing an offer in compromise, etc. Seek the help of a Tax CPA Generally, personal income taxes may be discharged when the taxes are at least three years old, were assessed at least 240 days prior to the bankruptcy filing and were voluntarily filed at least two years ago. If you are considering filing bankruptcy and the IRS has filed for you, (known as an SFR or Substitute for Return) consult an attorney prior to filing original returns! This is critical and must not be ignored. Please thoroughly review this website. Use the “search” on the top right to help find solutions to your IRS problems–you can avoid an IRS bankruptcy! For more information on bankruptcy, please See Our Bankruptcy Page. If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS problems are handled? Think again! For your analysis, click here to email me.

Appeals Blog – Most Common Types Of Appeals Explained By Joe Mastriano, CPA! When you have IRS problems, you can appeal them. There are three major types of appeals; please See Our Appeals Page to learn more about them. Audit Appeals If you do not agree with a decision made by the IRS auditor–and after discussing this with the manager you still are not in agreement–you can file an appeal. Offer in Compromise Appeals When your offer in compromise is rejected, you should find out why. If an attempt to resubmit it fails, your next remedy is to file an appeal. Please See Our Offer in Compromise Appeals Page for more information. Collections Appeals If you need to stop a collection action from happening then you can file Form 12153 or Form 9423. See Our Collection Appeals Page for more information. When IRS problems are severe enough to warrant the filing of an appeal, we have the experience to help you! If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS problems are handled? Think again! For your analysis, click here to email me. If our appeals blog doesn’t answer the question you have, call our offices today!

Houston Tax CPA – With Over 30 Years Of Experience, Joe Mastriano, CPA Can Help You With Your IRS Problem! Are you being audited by the IRS? Houston tax CPA, Joe Mastriano, can help! Our current economic situation seems to have dictated to our president that he is to collect as much money as possible. Now, after hiring 4,000-5,000 new IRS auditors, many more people and business are being audited. The tax exempt status of “not for profit” companies are being questioned by the IRS. Auditors are also expanding audits to include years not originally selected for audit, our Houston Tax CPA Firm can help you. For more detailed information on IRS audits, please See Our IRS Audit Page. As a Houston Tax CPA firm with many years of audit representation experience, we can help you with your IRS audit. If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467. Think your IRS matter is handled? Think again! For your analysis, click here to email me.