The IRS crackdown on foreign bank account holders has been highly effective in getting more tax evaders to come forward. News reports have shown that the number of people who voluntarily disclosed their foreign bank accounts before October 15th have been higher than other responses to any prior IRS initiatives.
The large number of voluntarily disclosures means billions of incoming revenues to the IRS in the next ten to twenty years
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The latest IRS step-up in tax collection crackdown has some 14,700 wealthy Americans shaking in their chairs. The IRS reports that it has been seeing an “unprecedented” number of Americans who have come forward before the October 15th amnesty deadline. Offshore account holders who voluntarily disclose their unpaid back taxes on foreign funds by this deadline are able to receive reduced IRS penalties.
For those who did not make the deadline
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Ever since the latest IRS crackdown on American offshore bank account holders, Swiss banks such as Julius Baer Group has reported losses in financial assets due to scared Americans who are withdrawing their money. This latest news shows that the IRS has successfully struck fear among Americans who up until recently, have been able to evade taxes with offshore bank accounts.
According to the NYTimes, “shares in Julius Baer fell 2.78
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This is funny!  And happening more often than you think.  The IRS Whistleblower office pays money to informants who provide specific and credible information to the IRS about people who owe taxes.  The IRS has been increasing tax enforcement since 2008!  Tax cheats, beware!  If you need to work through you tax problems such as back taxes, consult a tax professional from Tax Resolution Services.  We offer a free tax
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We provide offshore tax evasion defense for clients who have been targeted by the IRS. And I’ve heard on many occasions that it’s difficult to find reliable offshore tax resolution information on the Internet. So we’ve added a new tax help resource devoted to IRS offshore tax settlements to to further help people with overseas accounts by educating them on their options for tax relief.
Each year, the government racks up
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Some people are just straight up tax cheats.  The Wyoming man in the story below blatantly evaded his taxes doing things such as underreporting income and filing false tax returns.  Subsequently he was sentenced to prison time and left with a hefty fine - all of which he deserves.  For those who find themselves in tax debt, not because they were purposely cheating on taxes but because of other extraordinary
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Failing to file your tax return is a crime punishable by prison time and a hefty fine.  If you have failed to file taxes and feel like the IRS is breathing down your back, there is tax relief available.  You have the right to file your original tax return, no matter how late it is!  Tax Resolution Services is a professional team of tax attorneys and tax resolution specialists that
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If you are a self-employed independent contractor, you need to know that the tax clock is ticking and you’re in danger of letting serious income tax relief money slip through your fingers. If you’re not careful, you could also make some common self-employed independent contractor income tax mistakes that will mean you’ll owe back taxes on your 2009 income tax return.
If you’re a freelance self-employed professional, the most important thing
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Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and Tax Resolution Services with referrals, word of mouth and repeat business.�
   This month’s Tax Client Of  The Month is Mr. Blake Epstein.
Mr. Epstein owed the IRS over $38,000 when he retained our firm.  We were able to negotiate an IRS payment plan (also known
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In this current economy where the unemployment rate is still climbing, millions of taxpayers like you are setting up shop in their homes to provide services as self-employed independent contractors. Whether your new self-employment status is a temporary measure or part of your long-term plan to fortune and glory, there are tax dangers (plus surprisingly lucrative income tax relief) that you should pay attention to.
One of the top priorities for
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We all know that accepting bribes is not acceptable.  Call it what you may, “gifts and gratuities”, but we all know that a person with a governing position, like a mayor, who accepts gifts and gratuities is basically accepting a bribe.  When the bribe happens to be cash, or something of great cash value, it is still taxable.  But because it is a bribe, the mayor decides to evade taxes
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Many taxpayers are not aware of the Statue of Limitations that the IRS must abide by when collecting taxes. The date of your initial IRS assessment marks the beginning of your ten-year Statue of Limitations with the IRS. This statue allows taxpayers to be freed from their entire outstanding back taxes debt obligations if the IRS fails to collect all of the remaining debt by the end of the ten
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Could use some extra cash? Don’t miss out on your refund check! The IRS is currently seeking to update the mailing addresses of some 107,831 taxpayers who are entitled to an average refund of $1,148.
Don’t lose the money that you are entitled to! Make sure that your mailing address has been updated to your current one! Even if you are a late tax filer, you can still get the tax
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For people who are planning to purchase a home for the first time in the near future, you can still qualify to receive the First-Time Homebuyer Credit if you finalize your purchase by May 1st, 2010. The initial FTHBC was due to expire after November 30, 2009 but has now been extended for another six months.
First-time homebuyers should take advantage of the monetary benefits of this credit by meeting the
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Know what’s going on in your office!  When an employee starts to embezzle money and evade taxes to line their pockets and offshore bank accounts, it often goes unnoticed by the company’s owners for months or years until a lot of money is stolen.   If you own a business, being smart about who you hire is one thing, making sure they are doing their job accurately and honestly is another.�
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