Corporate executives and Joe Six-Packs aren’t the only ones who face scrutiny and life-changing audits from the IRS. So does America’s Royal Family — our celebrities.
By Michael Rozbruch
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The life of a celebrity can be hard.
Ignoring the hefty paychecks and the clout to get on the top of a restaurant reservation list, celebrities have it rough.
They’re stalked by crazy fans.
They’re stalked by paparazzi feeding their not-so-flattering images into a celebrity culture
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Economic stimulus payments have started going out and according to the IRS, nearly 130 million payments will go out this year, via direct deposit and paper checks.
The IRS has posted Stimulus FAQs to answer a variety of questions on the payment schedule and amounts, factors affecting direct deposit of payments and the eligibility requirements.
If you filed early enough to have your return processed by April 15, and you still haven’t
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While on the air with KLOS 95.5FM, Michael Rozbruch got to spend some time talking with listeners and answering their tax questions. We wanted to share some of these questions in case anyone out there is in a similar situation.
Q: I have a question in regards to my father. He has not filed his income taxes for at least 20 years plus. And it has gotten to the point where
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Question: According to the news media, the Internal Revenue Service has been becoming more aggressive with taxpayers. So how does the Offer in Compromise fit in if the IRS is so aggressive these days?
Answer: It’s hard to understand, isn’t it? At the same time the IRS has become more aggressive with tax cheats and debtors, the tax-collecting agency also has a program like the Offer in Compromise, which seemingly
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Here is another excerpt from Michael Rozbruch’s recent appearance on KLOS 95.5FM.
Q: What are some of the deductions that tax payers commonly miss?
A: A lot of tax payers miss deductions for un-reimbursed business expenses. For instance, if they’re on a W-2 and part of their job is to wine and dine or travel and they’re not reimbursed by their employer, they can deduct those expenses. Also, tax preparation fees
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Michael Rozbruch of Tax Resolution Services recently appeared on KLOS 95.5FM to share some valuable tax tips and other important information that everyone should know when dealing with the IRS. Here’s Michael’s recap:
Among other things, I was asked how I could love my job so much when taxes are so boring. And I said it’s because this is the most rewarding thing I’ve ever done in my life. When I
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USA TODAY examined hundreds of tax delinquent cases and identified four types of people who commonly owe $100,000 or more:
Small-business owners. This group is the biggest source of uncollected taxes, according to the IRS .
Doctors, lawyers and other licensed professionals. This group accounts for 10% of California’s tax delinquents.
Entertainers/ Celebrities. Actors, rock stars and athletes can generate huge tax debts along with their big paychecks.
Tax protesters. Tax protesters claim they
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USA today reported that the government is still unable to collect taxes from these very public figures and big name celebrities.
Singer Dionne Warwick is $2.7 million behind on her state taxes, according to the California Franchise Tax Board. The IRS has placed more than $1 million in tax liens against the Psychic Friends Network host for unpaid federal taxes.
Fox News analyst Dick Morris has a $1.5 million lien filed against
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The owner of the San Francisco-based Brugnara Corp. has been charged with filing false tax returns and failing to report more than $45 million in gains from real estate sales.
According to the indictment, Luke D. Brugnara is the sole owner and shareholder of Brugnara Corp. and Brugnara Properties I, II, III, IV, V and VI (Brugnara Properties). During the tax years 2000, 2001 and 2002, Brugnara sold four properties in
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Congressional probes have discovered about 60,000 firms working for the U.S. government that have cheated or failed to pay their taxes.
At the heart of the problem is a lack of communication between agencies. While one arm of the government pays contractors money, another arm is trying to collect taxes from them. USA Today reported that the Defense Department paid more than $1 million to a company that owed nearly $10
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Funnyman and U.S. Senate Candidate Al Franken told the Associated Press he’s paying about $70,000 in back income taxes and penalties he’s racked up in 17 states since 2003.
Franken is a former Saturday Night Live cast member known for his liberal commentary whose his recent IRS troubles are certain to threaten his Minnesota Senate candidacy.
The remarkable thing about this case is the man who has sent Franken’s campaign reeling. Republican
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As I mentioned in a previous post, the IRS has recently come under fire by critics who say that the IRS does not do enough to treat victims of identity theft or to help them minimize the burden of responding to the crime.
Many identity-theft victims and their accountants have complained about IRS delays and miscommunications in resolving their claims. The IRS says that they are working hard to help victims
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