When I was on Small Business Matters on BlogTalkRadio.com last week, I shared with host Regina McRae the humble beginnings of TRS - which started out like so many small businesses. So I know how demanding it can be to run your own company, no matter what the size!
At the last position I held at a large company, I saved my employer $12 million in an audit. And all I
[Read More]

Question: How it is that an Offer in Compromise and Installment Agreement can benefit me if I owe money to the IRS?
Answer:  Good question. In fact, that is the question everyone who has significant IRS debt should be asking themselves.
Although it can be terribly stressful to owe a large amount to the IRS, it’s important to remember that taxpayers have option. Your first step should be to consult a qualified
[Read More]

Today I am welcoming one of the blogosphere’s best tax bloggers to share his expert advice on how you can avoid IRS trouble in the first place, so you won’t end up needing our tax resolution services.
Thank you WANDERING TAX PRO for your great tips on avoiding IRS tax problems.
Robert D Flach of Jersey City, New Jersey has been preparing 1040s for individuals in all walks of life, from professional
[Read More]

Every month Tax Resolution chooses a very special Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.�
        This month’s Client Of The Month is Mr. Robert Wood.
When Mr. Wood retained our firm, he owed over $25,000 to the IRS.
We were able to settle his debt for just under 7K through the IRS’s Offer in Compromise
[Read More]

The Bush tax cuts were brought up in a recent interview with Frank Pastore on KKLA. I also happened to mention them in a previous post about John McCain and Barack Obama’s proposed tax cuts and economic plans.
In order to make the current economic situation easier to understand it is important to review the Bush tax cuts and share some U.S. economy history.  The main Bush tax cut act originated
[Read More]

The government is coming down hard on three taxpayers who allegedly tried to cheat Uncle Sam while negotiating Offers in Compromise.
Virginia Ferrari, 51, and Guy Ferrari, 78, both of Rio Vista, Calif., are charged with three counts of subscribing to a false tax document; and Orion Douglas Memmott, 68, formerly of Willows, Calif., is charged with subscribing to a false tax document and tax evasion.
According to prosecutors, the Ferrari indictment
[Read More]

Great work in preventative tax maintenance came across my desk today in the form of a funny (but informative) video about a tax filing service run by teens at Santa Barbara high school.  Don’s Net Cafe is a Virtual Enterprise Company through Santa Barbara High school that unites young entrepreneurs to make the world a better place through responsible entrepreneurship based on ethics and environmental respect. They have free tax filing services and I
[Read More]

With the volatility of the current market, I have been asked for a lot of advice on how to offset losses. When I was on Financial Lifeline Radio, I told hosts Dave Harbison and John March that your individual situation is really what will dictate how you handle your investments. Some people will indeed just ride it out.
But overall, I think it is advisable to be prudent and reasonable with
[Read More]

A New Orleans business owner was sentenced to 37 months in prison after failing to pay $5 million in employment taxes (or payroll taxes).  According to court records, Janice Gaudet Craig was the co-owner, Secretary, Treasurer and Chief Financial Officer of TCB Industries Inc., an offshore oilfield fabrication and services company which had a workforce ranging from 216 to 679 employees and located in Abbeville, La.
The IRS investigation revealed Craig
[Read More]

I recently appeared on KKLA 99.5FM, Los Angeles with Frank Pastore to talk about the differences between John McCain and Barack Obama’s proposed tax cuts and economic plans.
Frank Pastore: In today’s wall street journal, a piece titled Obama tax 3.0 goes through the 3 different versions of Obama’s proposals. In the very beginning he wanted to raise the top marginal rate. Now he is saying if the country looks like it is headed towards
[Read More]

Michael Ray Gorden, 40, of Clovis, Calif., pleaded guilty on Sept. 8, 2008, to one felony count of conspiring to defraud the United States, and two felony counts of making and subscribing to false tax returns.�
Gorden is the president and sole shareholder of Mike Gorden Software Solutions.
According to prosecutors, from 2001 to 2005, Gorden conspired to defraud the United States by causing MGSS to pay at least $339,792 of Gorden’s
[Read More]

Here is another excerpt from my recent appearance on KKLA’s the Frank Pastore Show, focusing on how the candidate’s economic proposals will affect you:
Frank Pastore:   We keep hearing the fact that Obama is going to raise the taxes on people who make $250K or more a year, He is pounding that.
Michael Rozbruch:   If he does that he is going to handcuff the economy, he is going to trap more
[Read More]

It’s been another busy month with lots of people asking the tax expert for advice with the October 15 tax extension deadline coming up. I’ve also been asked to share my opinions on the growing tax gap and the proposed bailout plan.
Check back often for updates and media excerpts! Also check out my previous media appearances and interviews.
October 1 WVOX 1460 (New Rochelle, NY), Good Morning Westchester with host Bob Marrone
October 1 WMBS 590 AM
[Read More]

If you filed for an extension on your taxes in April, your taxes must be filed by October 15. So those of your who have been procrastinating better start waking up!
When I was on KBIG-FM 104.3 Los Angeles earlier this month, I talked about what happens when people can’t pay their taxes come April 15th or October 15. It’s a common problem and a lot of people end up in tax trouble
[Read More]

Closing the $345 billion tax gap could help us cope with the proposed $700 billion bailout without costing Americans another dime. The last time the IRS estimated the tax gap was in 2001, and most tax experts agree that today’s figure is much greater, despite the agency’s push to increase tax compliance. Even though the IRS has spent several years aggressively taking action against tax cheats and tax promoters, what we are seeing today is a growing tax gap
[Read More]