Archive for June, 2009

Got Tax Problems? Tax Resolution Services Can Help

Tuesday, June 30th, 2009

I’d Like To Hear From YOU!
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 tax consultation to explain every option available to solve IRS problems.
Tax Resolution Services, Co.
Contact: Michael Rozbruch, Certified Tax Resolution Specialist
Member,
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Taxpayers’ Ability to Appeal Federal Liens and Get Tax Help Jeopardized by IRS Violation of Tax Lien Notification Requirements

Tuesday, June 30th, 2009

A recent report released by Treasury Inspector General for Tax Administration (TIGTA) found that taxpayers may be getting their statutory rights violated by the IRS’s improper adherence to tax lien notification requirements. The report released on June 25 revealed that the IRS failed to take the necessary actions when notifying taxpayers and their tax representatives of liens. Procedurally, the IRS is required to mail written notification of the lien to
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Ask the Tax Resolution Expert – Release of IRS Property Liens

Tuesday, June 30th, 2009

As a tax resolution specialist, I provide IRS tax help to individuals and businesses every day – and I can help you solve your IRS problems!
Got questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief? Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free risk-free tax resolution
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Evading Taxes on Your Tax Return – The Money You Save is Not Worth the IRS Problems You End Up Causing Yourself

Tuesday, June 30th, 2009

In economic times when people are strapped for cash, it is tempting to cut corners when filing taxes in order to save some of your disposable income. After all, small tax savings from many different areas can add up to a substantial amount of money. However, no matter how tempting tax evasion may seem – whether it is small or large in sum – it is a terrible financial strategy
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South Dakota Man Pleads Guilty to Tax Evasion, Faces Five Years in Prison

Tuesday, June 30th, 2009

Edward Finley, 67, of Spearfish, S.D., pleaded guilty to one count of an indictment that charged him with conspiracy to defraud the United States. Finely had falsified tax returns for another person for the years 2001 to 2003. The investigation was conducted by IRS. Finley faces up to five years in prison and a fine of up to $250,000.
I have blogged about many IRS Tax Cases.  It is obvious that
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Protect Your Important Tax Documents From Unexpected Disasters to Safeguard Your Financial Future

Tuesday, June 30th, 2009

To prepare taxpayers for unexpected disasters and to protect important tax documents, the IRS has issued detailed guidelines on how taxpayers need to duplicate their records in order to safeguard their financial welfare.  As part of the National Hurricane Preparedness Week (May 21-27), IRS encouraged taxpayers to keep an electronic version of their tax records at a location that is separate from the location of the original documents. Since the
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How Offshore Account Holders Can Reduce Tax Penalties: IRS Reviews Amended Returns for Quiet Disclosures and Extends the FBAR Filing Deadline

Monday, June 29th, 2009

In an effort to bring more tax evaders to the surface, the IRS has issued a new voluntary offshore compliance initiative in March of 2009, which provides more lenient penalties for tax evaders who have placed their assets overseas. In this initiative, taxpayers who voluntarily disclose their wrongdoings will only be punished with paying back taxes, certain penalties, and interest. Those who come forward will not face criminal charges unless
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W. Virginia Businessman Gets One Year in Prison for Tax Evasion

Monday, June 29th, 2009

Terry Bowling, 62, of Huntington, W.V., was sentenced to one year and a day in prison. He was also ordered to pay in excess of $386,000 in restitution to the IRS.
Bowling, the owner and operator of several businesses, pleaded guilty to a two-count information charging him with the evasion of personal income taxes and federal employment taxes.
Bowling acknowledged his taxable income from 2002 to 2006 was approximately $368,000. However, because
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Tax Help for Individuals and Businesses Struggling With IRS Debt: Law Day 2009 Recap

Monday, June 29th, 2009

Last month, we sponsored the KFI AM 640 FREE listener event Law Day 2009 with free legal and tax advice, as well as a Handel on the Law live broadcast.
There were also informative session including a workshop I did on tax resolution strategies like Offer in Compromise settlements and IRS payment plans.   About 2,700 listeners attended this event and filled up seminar classrooms throughout the day. I was happy
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Tax Code Helps Investment Fraud Victims Recover Financial Losses as Madoff is Sentenced to 150 Years in Prison

Monday, June 29th, 2009

Bernard Madoff  was sentenced to 150 years in prison today. According to MSNBC, the disgraced investor received the maximum sentence for his massive Ponzi scheme and apologized to victims for the multibillion-dollar fraud scheme that the judge called “extraordinarily evil.”  An  investigation has found that in reality, Madoff never made any investments, instead using the money from new investors to pay returns to existing clients — and to finance a
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Tax Resolution Services Tax Client of the Month Gets IRS Installment Agreement

Monday, June 29th, 2009

Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
This month’s Client Of The Month is John A.
John owed over $43,000 to the IRS.  Tax Resolution Services negotiated a “partial pay” installment agreement with the IRS for $80 per month. John will
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Obama Administration Goes After Tax Cheats

Sunday, June 28th, 2009

The president outlines a plan to work with overseas banks and target tax cheats. He also wants to hire 800 new IRS agents to hunt down those not complying.
By Michael Rozbruch
———————————-
Just months into office, President Barack Obama has publicly announced the targets of his administrations.
Worldwide terrorist networks?
Check.
Guantanamo Bay?
Check.
Carbon emissions?
Check.
Tax cheats?
Che— Say what?!
That’s right. Among President Obama’s high-value targets are tax cheats who hide money in overseas bank accounts. On May
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Tax Break for New “Cash for Clunkers” Program: Do You Qualify for Auto Consumer Stimulus Tax Credit?

Friday, June 26th, 2009

This week, President Obama signed into law the Car Allowance Rebate System (C.A.R.S.) – a  program that pays consumers up to $4,500 in tax credit for trading in their cars or trucks for more fuel efficient vehicles.

As the New York Times reports, you will need to check if your vehicle qualifies for the trade-in credit. You can check out The National Highway Traffic Safety Administration web site to see
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Energy Drink CEO Faces Prison for Tax Evasion

Thursday, June 25th, 2009

The former chief executive of a Nevada sports energy drink company has been indicted on tax evasion charges.
Xyience CEO Russell Pike, of Las Vegas, is charged with one count of tax evasion for failing to file a federal individual income tax return for 2006 and failing to pay taxes on more than $6.9 million in income he earned in 2006. Pike is also charged with using nominees and a forward-dated
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New Tax Laws Can Cause Tax Trouble for Innocent Taxpayers – How to Avoid and Resolve Problems with the IRS

Wednesday, June 24th, 2009

President Obama has been working hard to ensure that American taxpayers are held more financially accountable. I recently blogged about how new tax enforcement regulations have been put in place in order to make it more difficult for business owners and wealthy people who put their assets overseas to escape taxes. In my recent interview with Mike Jaxson on KSVP, I discussed with him some important new changes to tax
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