Archive for January, 2008

What is the Offer in Compromise program and would I qualify for it?

Monday, January 7th, 2008

Question: I’ve heard a lot of inconsistent information, so give it to me straight, please: What is the Offer in Compromise program and would I qualify for it?
Answer:  To answer your question, let me first give some background: For decades agents with the Internal Revenue Service chased deadbeat taxpayers, literally banging on doors to try to collect revenue for the U.S. government. In some cases, that hard-line tactic worked, but
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New Year’s Resolutions Await Naughty Taxpayers

Monday, January 7th, 2008

As 2007 comes to an end, it’s a good time to consider whether you need to turn your tax life around. Are you cheating? Could you be facing jail time?
Ken Jenne was once one of the most powerful politicians in Florida.
An influential Democrat, Jenne was a longtime commissioner in Broward County, a former state senator, and sheriff of the Fort Lauderdale-based Broward County Sheriff’s Office.
But Jenne experienced a hard fall
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Tax Resolution Interview with Insider Exclusive

Sunday, January 6th, 2008

Michael Rozbruch of Tax Resolution Services, Co was interviewed by Steve Murphy of Insider Exclusive about IRS problems, solving tax problems and getting tax help. Check it out:

Mich. Tax-Shelter Promoters Indicted

Saturday, January 5th, 2008

A federal grand jury in Grand Rapids, Mich., returned a five-count indictment charging three tax shelter promoters with conspiring to promote, market and sell fraudulent tax shelters over a 10-year period. Two of the promoters were also charged with the attempted income tax evasion of a Michigan client, who purchased the fraudulent tax shelter.
According to the indictments, beginning in 1995 Peter J. Peggs of Prides Crossing, Mass., and Robert D.
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Fire Safety Manager Gets Prison Time

Friday, January 4th, 2008

After admitting to defrauded the Rhode Island School of Design out of nearly $1 million in a fraudulent billing scheme, Patrick Clyne was sentenced to 27 months in months in prison for mail and tax fraud.
Clyne, who was fire safety manager for RISD, set up a shell company that billed RISD for work that was never performed. Clyne admitted to filing a false income tax return for 2003, conceding a
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IRS Tax Humor – January

Friday, January 4th, 2008

Guide to Tax Resolution: Solving IRS Problems

Friday, January 4th, 2008

Continuing education courses for tax attorneys and CPA’s.
Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. This guide can help hundreds of individuals and business with their IRS Collection Problems. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes – often for pennies on the dollar. The
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Tax Help Definitions

Friday, January 4th, 2008

Abatement A partial or complete cancellation of taxes, penalties or interest owed by a taxpayer.
ACS See Automated Collection System.
Automated collection System (ACS) A computerized collection process for IRS collectors to contact delinquent taxpayers by telephone and mail.
Collateral Agreement An agreement sometimes secured by the IRS prior to acceptance of an Offer in Compromise when the IRS wants to cover a future, reasonably possible event, such as a
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ATTORNEY EVADED TAXES ON $1.8 MILLION IN INCOME

Thursday, January 3rd, 2008

Attorney Joseph Richichi, 61, of Stamford, Conn., was sentenced to 16 months in prison for tax evasion. According to court records, Richichi evaded paying taxes on more than $1.8 million he earned from 2000 to 2005. Richichi admitted that he failed to pay more than $600,000 in taxes that were due for those tax years. He has paid full restitution of $614,231 to the IRS and an additional $763,076.37 in
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FEDS: GA. BUSINESSMAN SKIMMED MORE THAN $500,000 FROM COMPANY

Thursday, January 3rd, 2008

After federal prosecutors in filed a criminal complaint against a businessman that alleges he skimmed more than $500,000 from his company, the Dawsonville, Ga., man pleaded guilty to evasion but disputed the amount of taxes evaded.
Robert Merickle, 59, allegedly filed a false tax return in 2001, which failed to report substantial amounts of income from a company he owned and operated, Blue Haven Pools.
According to court records, Merickle spent more
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USEFUL TAX HELP, TAX SOLUTION AND TAX RESOLUTION SITES

Wednesday, January 2nd, 2008

Tax Resolution Services Company
http://www.taxresolution.com/index.asp
Personal Bankruptcy Tips
http://www.personal-bankruptcy-chapters-7-13-filing-laws.com
Official IRS website
http://www.irs.gov
Handel On The Law is the official website of Bill Handel, a nationally syndicated radio talk show host who offers up legal advice in an entertaining manner.
http://www.handelonthelaw.com
LegalBitStream is your source for free federal tax law research with comprehensive and timely updated databases.
http://www.legalbitstream.com
MarketWatch, Inc. is a leading provider of business news, financial information and analytical tools.
http://www.marketwatch.com
MSN MoneyCentral provides informative articles on personal finance, quotes,
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Tax Problem FAQ: What is an Offer in Compromise?

Wednesday, January 2nd, 2008

The IRS Offer in Compromise program provides taxpayers that owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final settlement.

This program also allows taxpayers that do not agree that they owe the tax or feel that the tax has been incorrectly calculated, a chance to file an Offer in Compromise and have their tax liabilities
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Forest Service Employee Jailed

Wednesday, January 2nd, 2008

A former U.S. Forest Service employee has been sentenced to 21 months in prison for embezzlement and tax fraud charges.

Debra Kay Durfey, 50, of Echo, Ore., previously pleaded guilty in June to single counts of embezzlement and theft of public money or property and preparing a false tax document. She was also ordered to pay $642,319 in restitution to the U. S. Forest Service.
In Durfey’s plea, she admitted she stole
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Yankees’ Aide Didn’t Report Players’ Tips

Wednesday, January 2nd, 2008

The traveling secretary for the New York Yankees pleaded guilty in New Haven, Conn., to one count of filing a false tax return.
The federal government charged David Szen, 56, of Brookfield, Conn., with failing to report tips from players and coaches as income.
Those tips ranged from a few hundred dollars to $10,000. In pleading guilty, Szen admitted that he failed to report approximately $53,350 in additional income in his individual
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MASS. MAN GETS CONFINEMENT FOR TAX EVASION GUILTY PLEA

Tuesday, January 1st, 2008

After pleading guilty to tax evasion, Ermino S. Barbalunga, 58, of Dalton, Mass., was sentenced to nine months of community confinement, nine months of home confinement, an additional 18-month term of probation and a $200,000 fine.
 According to government evidence, from 1999 to 2003, Barbalunga used more than $440,000 in business income to pay for personal expenditures. Additionally, Barbalunga failed to declare these payments as income on his personal federal tax
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