Archive for October, 2008
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
Tags: Back Taxes, currently not collectible, delinquent tax returns, irs problems, tax evasion, tax expert, tax settlements
Posted in Delayed IRS Collection and Currently Not Collectible St, Tax Help Video | 2 Comments »
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
Tags: Payroll Tax Problems, tax advice, tax expert, tax help, Voluntary Disclosure
Posted in Tax news and tips, Voluntary Disclosure | 1 Comment »
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
Tags: failing to file federal tax return
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Wednesday, October 29th, 2008
CLICK HERE TO SEE WHAT ALL THE BUZZ IS ABOUT!
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
Tags: 2008 election, IRS problem solver, presidential election, tax expert
Posted in Tax Humor | No Comments »
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
Tags: bailout bill, bailout plan, IRS snooping, IRS surveillance, IRS undercover operations, tax expert
Posted in Tax news and tips | No Comments »
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,
Posted in Tax news and tips | 2 Comments »
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!
Posted in IRS Times and Inquirer | No Comments »
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
Tags: delinquent tax returns, failure to file, Penalty Abatement, tax evasion, tax expert
Posted in Penalty Abatement, Unfiled Returns - Delinquent Tax Returns | No Comments »
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
Tags: Back Taxes, delinquent tax returns, failure to file, tax evasion, tax expert
Posted in IRS Tax Cases, Unfiled Returns - Delinquent Tax Returns | 1 Comment »
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
Tags: failing to file federal tax return
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
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
Tags: IRS tax audits, IRS tax complaince, IRS tax problems, Offer in Compromise, tax debt relief, tax settlement
Posted in Seeking Professional Tax Help | 1 Comment »
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,
Tags: filing false federal tax return
Posted in IRS Times and Inquirer | No Comments »
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
Tags: economic downturn, IRS tax audits, IRS tax complaince, IRS tax problems, national credit crisis, Offer in Compromise, wage garnishment
Posted in Tax news and tips | No Comments »
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
Posted in IRS Times and Inquirer | No Comments »
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
Tags: IRS tax advice, payroll tax debt, small business owners, tax expert, tax help
Posted in Tax news and tips | 1 Comment »