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Tax Resolution Services, Co., CEO Joins Nation's Top Tax Advisors with Expert Tips for Upcoming Tax Season
CPA Magazine features tax help and advice from the nation's leading tax expert Michael Rozbruch to help Americans prepare for filing their tax returns, including what they need to know about new IRS regulations for tax preparers.
Encino, CA - The IRS projects that it will receive more than 139 million individual tax returns in 2010. As Americans get ready to file their 2009 tax returns, the IRS is focusing in on the tax return preparer community in an attempt to curb tax cheats and boost enforcement of its tax collection efforts.
"The IRS is turning tax professionals into 'auditors' instead of advocates of our clients," said tax expert Michael Rozbruch, whose company provides affordable solutions to people seeking income tax relief. "The government has decided that its war on tax evasion is a multi-front conflict, ranging from overseas bank accounts to the tax preparer around the corner."
When CPA Magazine asked an elite selection of top CPAs and tax experts for their best advice for the upcoming tax season, Rozbruch shared his insight on new IRS regulations for tax preparers. In "What We Learned From Last Tax Season," CPA Magazine reveals important tax lessons from Rozbruch and other top tax advisors aimed to help readers work smarter in 2010 when preparing their tax returns.
According to Rozbruch, who was recently named one of the Top 40 Tax Advisors to Know During a Recession, the government's new model for the regulation of tax return preparers includes a "More Likely Than Not" preparer penalty standard designed to make it more difficult for tax advisors to take aggressive positions on behalf of clients who need tax help when they fall in the grey area of IRS law.
"If the IRS detects and proves beyond a reasonable doubt that fraudulence was deliberate, both the taxpayer and the tax preparer will now be liable for IRS penalties." Rozbruch said. "However, if you have a very strong case to get the penalties abated or removed, a tax attorney or Certified Tax Resolution Specialist can help prepare amended returns and then represent you in the case of an IRS audit."
Tax Resolution Services is dedicated to providing affordable solutions to businesses and individuals who find themselves in trouble with the IRS. Their team of expert tax attorneys, enrolled agents and CPAs has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.13 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.taxresolution.com or call 866-IRS-PROBLEMS.