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Accelerated Tax Solutions Announces the Expansion of Its Legal Department

Fri, 06/07/2013 - 09:48 -- mike.smedley

Accelerated Tax Solutions (ATS), the nation’s leading tax resolution firm, announces the expansion of its legal department to include over 20 attorneys and legal assistants.

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"With this expansion of our legal department, we are able to assist more clients than ever while setting the industry standard for trust and satisfaction.” -- Wes Edwards

North Miami Beach, FL (PRWEB) June 07, 2013

Accelerated Tax Solutions (ATS), the nation’s leading tax resolution firm, announces the expansion of its legal department to include over 20 attorneys and legal assistants.

The company’s president, Wes Edwards, said on Wednesday, “It is our company’s mission to provide the best possible representation for our clients who are going up against the IRS and state agencies. With this expansion of our legal department, we are able to assist more clients than ever while setting the industry standard for trust and satisfaction.”

ATS provides tax relief services to clients in all 50 states and specializes in both personal and business tax solutions. The company was incorporated in 2004 and is a founding member of the National Association of Tax Resolution Companies (NATRC). Contact ATS at 888-599-3344 or via their website atacceleratedtaxsolutions.com.

 

Accelerated Tax Solutions Partners with Local Churches to Prepare Taxes

Mon, 02/11/2013 - 16:23 -- mike.smedley

 

Accelerated Tax Solutions Partners with Local Churches to Prepare Taxes

With the tax season now in full swing, Accelerated Tax Solutions (ATS), the nation’s leading tax debt resolution firm, is partnering with local churches to help underprivileged families prepare their taxes.

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We have built our company on the principle of helping others, and we are proud that through this and other partnerships, we can help the local community.

North Miami Beach, Florida (PRWEB) February 11, 2013

With the tax season now in full swing, Accelerated Tax Solutions (ATS), the nation’s leading tax debt resolution firm, is partnering with local churches to help underprivileged families prepare their taxes.

The company’s president, Wes Edwards, said on Wednesday, “We have built our company on the principle of helping others, and we are proud that through this and other partnerships, we can help the local community.”

Over the holidays, ATS raised money to provide holiday dinners and other gifts for families of the churches. Future charity work plans include a “day of caring” in which ATS employees will spend their normal workday doing service work in the community.

ATS provides tax relief services to clients in all 50 states and specializes in both personal and business tax solutions. The company was incorporated in 2004 and is a founding member of the National Association of Tax Resolution Companies (NATRC). Contact ATS at: 888-599-3344 or via their website atacceleratedtaxsolutions.com.

 

IRS Announces Annual Inflation Adjustments for Tax Year 2013

Thu, 01/17/2013 - 09:57 -- admin

The Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012.

The tax items for 2013 of greatest interest to most taxpayers include the following changes.

  • Beginning in tax year 2013 (generally for tax returns filed in 2014), a new tax rate of 39.6 percent has been added for individuals whose income exceeds $400,000 ($450,000 for married taxpayers filing a joint return). The other marginal rates — 10, 15, 25, 28, 33 and 35 percent — remain the same as in prior years. The guidance contains the taxable income thresholds for each of the marginal rates.
  • The standard deduction rises to $6,100 ($12,200 for married couples filing jointly), up from $5,950 ($11,900 for married couples filing jointly) for tax year 2012.
  • The American Taxpayer Relief Act of 2012 added a limitation for itemized deductions claimed on 2013 returns of individuals with incomes of $250,000 or more ($300,000 for married couples filing jointly).
  • The personal exemption rises to $3,900, up from the 2012 exemption of $3,800. However beginning in 2013, the exemption is subject to a phase-out that begins with adjusted gross incomes of $250,000 ($300,000 for married couples filing jointly). It phases out completely at $372,500 ($422,500 for married couples filing jointly.)
  • The Alternative Minimum Tax exemption amount for tax year 2013 is $51,900 ($80,800, for married couples filing jointly), set by the American Taxpayer Relief Act of 2012, which indexes future amounts for inflation. The 2012 exemption amount was $50,600 ($78,750 for married couples filing jointly).
  • The maximum Earned Income Credit amount is $6,044 for taxpayers filing jointly who have 3 or more qualifying children, up from a total of $5,891 for tax year 2012.
  • Estates of decedents who die during 2013 have a basic exclusion amount of $5,250,000, up from a total of $5,120,000 for estates of decedents who died in 2012.
  • For tax year 2013, the monthly limitation regarding the aggregate fringe benefit exclusion amount for transit passes and transportation in a commuter highway vehicle is $245, up from $240 for tax year 2012 (the legislation provided a retroactive increase from the $125 limit that had been in place).

Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013.

Happy New Year!

Thu, 01/03/2013 - 13:17 -- admin

From all of us here at Accelerated Tax Solutions, we wish you a very happy and prosperous New Year! 

Accelerated Tax Solutions Announces Expansion

Fri, 11/30/2012 - 10:45 -- mike.smedley

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North Miami Beach, Florida (PRWEB) December 03, 2012

Accelerated Tax Solutions, Inc., announces the expansion and relocation of its Jacksonville location to a new facility located at 9428 Baymeadows Rd., Ste. 350, Jacksonville, FL 32256. This relocation serves to accommodate the company’s recent growth and plans for increased hiring.

The company’s president, Wes Edwards, said on Friday, “With today’s economy, many people have found themselves facing severe tax problems. At Accelerated Tax Solutions, our mission is to assist these individuals and businesses by resolving these issues professionally and ethically. We are very excited about the company’s recent growth, and this new expansion will allow us to achieve our goal in becoming America’s most trusted tax resolution company.”

ATS provides tax resolution services to clients in all 50 states and specializes in both personal and business tax solutions. The company was incorporated in 2004 and is a founding member of the National Association of Tax Resolution Companies (NATRC). Contact ATS at: (888) 599-3344 or via their website atacceleratedtaxsolutions.com.

 

 

IRS e-File to Shut Down on 11/23

Wed, 11/14/2012 - 10:58 -- admin

As most of you know by now, the IRS is supporting prior year e-file with the implementation of Modernized e-file (Mef). So, TY 2011 1040 returns have continued to be accepted via e-file beyond the normal October 15th cut-off we are accustomed to. In fact, 2011 returns will be accepted electronically for 3 years.  But … IRS will shut down for a maintenance period. Those of you who have been e-filing business returns are probably accustomed to the 2-week shut down for maintenance around the end of December. Well, for 1040, it’s a little different, at least for this year. IRS will shut down at 10 am ET on November 23rd and will be down until the TY 2012 returns can be e-filed on January 22nd, 2013.  That’s right – a 2 month maintenance period. You can continue to paper file TY 2011 returns, of course, and that’s what we would recommend.

You Can Trust Our Experienced Staff

Mon, 11/12/2012 - 14:37 -- mike.smedley

If you would like to settle your tax debt, stop wage garnishment, and end harassment by the IRS, contact the skilled and experienced staff of Accelerated Tax Solutions today. Secure your financial future by relying upon our knowledge of tax laws, IRS collection tactics and payment resolution alternatives. It can be a frightening experience to face the IRS alone. Reliance upon professional tax resolution specialists is the most effective means of protecting your financial future. Regardless of how complex your tax problem is, the dedicated professional tax experts at Accelerated Tax Solutions will work diligently to develop a personalized solution and resolve your tax problem.

Understanding IRS Tax Debt Relief

Tue, 10/16/2012 - 08:20 -- mike.smedley

The Internal Revenue Service offers debt relief to taxpayers who owe money. Tax relief programs were put in place to help taxpayers pay back the total amount of money, interest, and penalties owed when they don’t have the income or liquid assets to immediately pay the debt off all at once. While tax settlements are sometimes an option, for many it is not a reality. Much like dealing with a credit repair agency, tax debt relief from the IRS is offered as a loan which is used to pay back overdue balances in a payment plan that the taxpayer qualifies for. Just as with varieties of creditors, the IRS offers different pay schedules to pay back the money owed. For some, a quarterly payment plan makes more sense than a monthly payment plan. Regardless of the reasons that the taxpayer’s tax debt exists, all taxpayers are required to pay their debt. Tax collection can come in the forms of seizing of assets, garnishing the wages of a taxpayer and more but the IRS has offered ways of achieving tax debt relief that make more sense and have less of a negative impact on the taxpayer’s life. Those who wish to be sure that they are doing everything possible to pursue options ensure they have no alternative may consult with a CPA or tax lawyer. This may also expedite the process as experienced accountants and lawyers will know exactly what they should do to achieve the best results. Seeking a professional may also give you knowledge and counseling on issues that might affect your future such as bank levies or wage garnishment. In some cases, the IRS may accept offers from professionals on behalf of the taxpayer to make a settlement payment and completely end the debt owed. Getting the peace of mind and resolution of your problems is the best solution and though there are other options, your main concern should be preventing the debt from impacting you and your family’s lives.

ATS Announces NATRC Membership

Thu, 10/04/2012 - 15:42 -- mike.smedley

North Miami Beach, FL - October 4, 2012

Recent economic conditions in this country have left many people confronted by serious tax issues with the IRS. Accelerated Tax Solutions, a leader in the growing tax resolution industry, has cofounded the National Association of Tax Resolution Companies. The NATRC's mission is to monitor and regulate the quality of services tax resolution companies provide to consumers. Citing failures of some now defunct companies in the tax resolution industry (JK Harris, Ronnie Deutch, et al.) to maintain and abide by the high standards industry veterans like Accelerated Tax Solutions have established over the years, the NATRC is working to regulate its own industry and push for legislation that will protect consumers.

At its inaugural conference held in Washington, D.C. earlier this year, the NATRC encouraged its members to continue applying best practices in how they promote and conduct their businesses. The conference addressed concerns about high-profile national companies that advertised false or misleading promises of their abilities to reach tax settlements with the IRS or took money from clients without working on their cases.

Tax resolution companies work on behalf of taxpayers who are subject to IRS enforcement and collection efforts because of tax delinquencies. Legitimate companies like Accelerated Tax Solutions use experience and a knowledge of the IRS rules and regulations to pursue the best possible tax resolution for their clients without promising outcomes that are impossible to achieve.

Accelerated Tax Solutions is a tax resolution company specializing in resolving tax issues with the IRS. Contact them for more information at 1-866-228-3344 or visit the Accelerated Tax Solutions website.

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