Archive for October, 2008

Are you struggling to make ends meet each month? Do you owe the IRS $10,000 or more in back taxes?

Friday, October 31st, 2008

Times are tough right now for so many hard-working Americans. But if you can see this as a good opportunity to re-assess your situation and get the help you need with your IRS tax problems, then you might be able to turn your situation around for the better.
And you don’t have to take my word for it. Listen to what legal expert Bill Handel has to say about how our
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Scared Straight By The Economy – Taxpayers Must Get Their Ducks in a Row

Thursday, October 30th, 2008

When I was on the Big Biz Show with Sully and Russ this month, we were talking about how the recent economic crisis has had a lot of people re-evaluating how they borrow and invest.
If you recall back in the late 80s early 90s when we had the last big recession, the price of gas was $1.20 and people had to make the decision on whether to pay the mortgage
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Thursday, October 30th, 2008

Loren A. Goldtooth Sr., 52, of Tuba City, Ariz., and the former executive director of the Ki:Ki Association (the tribally designated housing entity of the Tohono O’Odham Nation) was sentenced to 12 months in prison.
Goldtooth was found guilty by a federal jury on May 2, 2008, of two counts of Embezzlement/Theft from an Indian Tribal Organization, three counts of failure to File Individual Federal Income Tax Returns, and two counts
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2008 Presidential Election Coverage – Don’t Vote Till You Watch This Video

Wednesday, October 29th, 2008

November 4th is just around the corner and voters are expected show up in record numbers at the booths this year. Many Americans anticipate that by casting a vote they will be making history – with the election of either the first African American President or first female Vice President.
With so much historical importance placed on this presidential election, I decided
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New Government Bailout Package includes IRS Surveillance Provisions, Raises Privacy Concerns

Tuesday, October 28th, 2008

Sections of a new $700 billion bailout bill have already passed in the House of Representatives earlier this month. While there has been discussion about the sections devoted to tax credits for green technology, there has been little talk of the new provisions included for IRS surveillance and the privacy concerns they are sure to raise.
In Declan McCullagh’s blog post on Bailout bill loops in green tech, IRS snooping, he
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Several States Cracking Down on Tax Cheats – Small Businesses Likely Target of Increased Tax Compliance Enforcement

Monday, October 27th, 2008

I’ve been talking a lot lately about closing the $345 billion tax gap to help us cope with the proposed $700 billion government bailout and growing federal defecit. Today the Associated Press reported that several states are putting more money and personnel into cracking down on tax cheats – large and small – to cut into their growing budget deficits.
Tax collectors are likely to focus their stepped-up enforcement on small businesses,
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Tax Resolution Thanks You!

Monday, October 27th, 2008

Thanks to YOU, the word is spreading.  Thanks to my clients and friends who graciously referred me to their friends, clients and relatives last month!  I enjoy building my business based on the positive comments and referrals from people just like you.
                   Nicholas Nassif, Esq.  and Terry Wardsdale, CPA
We just couldn’t do it without you!
 Find out more about Tax Resolutions services here!

Penalty Abatement Can Save You Money – Even if You Suffer from “Failure To File” Syndrome

Friday, October 24th, 2008

Yesterday I wrote about Charles J. O’Byrne, the top government aide who claims that his 5 years of tax debt amounting to $300,000 was a by-product of his bouts with depression and a condition that makes it difficult for him to fill out his tax returns.
Tax evaders have been claiming to suffer from “failure to file syndrome” for years – even though it’s really not likely to hold up in
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Top Government Aides Uses “Failure to File Syndrome” As Defense for IRS Tax Problems

Thursday, October 23rd, 2008

New York Governor David A. Paterson’s top aide recently made headlines for his failure to file and pay his taxes for 5 years, from 2001 to 2005.  While Charles J. O’Byrne has paid the $300,000 in back and federal taxes he owed, his lawyers said that the aide had problems with depression and suffered from failure to file syndrome, “a condition that made it difficult for him to fill out
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Wednesday, October 22nd, 2008

Adult film actress Janine M. James, 39, of Huntington Beach, Calif., pleaded guilty today to one count of willfully failing to pay her outstanding federal income taxes. James admitted making a down payment on a $647,000 residence and purchasing a new Jeep and recreational vehicle, while knowing she owed more than $200,000 in federal income taxes which she did not pay. James faces up to one year in prison and
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How to Hire a Tax Resolution Company You Can Trust – 7 Ways to Ensure That Your IRS Tax Problems Are in Good Hands

Tuesday, October 21st, 2008

Tax-burdened Americans seeking professional help in solving their IRS problems have more options today than ever before. The tax debt relief industry has seen dramatic growth over the past 5 years as many companies have entered the arena to offer help to taxpayers impacted by a sharp increase in IRS tax compliance enforcement.
But lately, many of these so-called tax resolution firms have been making headlines for misleading consumers with deceptive
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Woman Gets 24 Months for False Tax Returns

Monday, October 20th, 2008

Sonia D. Cruz, 46, of Northampton, Mass., was sentenced to 24 months of in prison for filing tax returns. From April 2002 to January 2005, Cruz filed with the IRS a series of fraudulent income tax returns, in her name and in the name of others, seeking refunds to which she was not entitled. As a result, Cruz underreported her taxable income by approximately $50,850.
In addition, from 2002 through 2005,
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Americans Will Need Help Seeking Tax Relief in Ailing Economy as IRS Continues Push For Compliance

Monday, October 20th, 2008

Amid the slow economy and increasing federal deficit, a much needed surge in tax revenue means that a growing number of taxpayers can expect to be audited while Americans already burdened by tax debt will find it harder than ever to resolve their IRS tax problems.
In fiscal year 2007, IRS audit rates were up from the previous year for both individuals overall and higher-income taxpayers. Additionally, audits of S Corporations
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Owe the IRS? We Provide No-Obligation Confidential Consultation for all Your IRS Needs

Sunday, October 19th, 2008

Whether you’d like to avoid the IRS, contact the IRS, settle with the IRS or just want to refer a friend, relative or client, I’d love to hear from you. I would be happy to provide you or that special person you refer a no-obligation confidential consultation to explain every option available to solve IRS problems.
Tax Resolution Services, Co.
Michael Rozbruch, Certified Tax Resolution Specialist
Member, American
Society of IRS Problem Solvers
6345 Balboa
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Tax Issues Relevant to Today’s Small Business Owner

Sunday, October 19th, 2008

When I was on Small Business Matters on blogtalkradio last week, I told host Regina McRae that 25% to 30% of my tax relief clients are small businesses with tax problems.
She asked a very good question that many small business owners often have: How do you distinguish between independent contractors and employees who are on your payroll?   Or more importantly, how does the IRS determine that?
There’s a 20-point common law
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