In fiscal-year 2009, the IRS collected $48.9 billion through collection, examination and document-matching efforts. Nearly 1.4 million Americans were audited, which equates to just over 1% of all tax returns filed.
What’s astounding to note is that the audit rate today is 100% higher than in 2000. But just because a taxing authority has decided to audit you, does not mean you have to roll over and die or be pushed
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I always say that the best negotiation advice is: Every one walks away a little “hurt.” Even if you can’t pay your back taxes, a Certified Tax Resolution Specialist who is a tax attorney or CPA, can give you the help you need to settle your debt including negotiating a reasonable monthly payment plan or an offer in compromise settlement that pays a fraction of what is owed.
When fighting
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I recently appeared on the Big Biz Show with Russ and Sully to talk about the new top 500 list that the Swiss Government released to the IRS. The first 500 people who made it on the “Swiss Cheese List” are now under IRS scrutiny for tax evasion charges–many facing IRS penalties up to $2.3 million or ten years in prison for FBAR violations ($2.1 million for failure to report
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It’s comforting to know that despite the weak economy, there are still people out there making charitable contributions. In times like this, it is important for charitable organizations to be familiar with their tax benefits so that they can most efficiently donate their funds without encountering IRS problems.
Read on for tax help tips and advice for charitable organizations on how to plan their taxes to welcome 2010:
CCH (http://tax.cchgroup.com) reports:
Despite the
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2009 was undeniably a tough year for many of us–taxpayers, homeowners, and investors alike. So how do you plan your taxes so that your investments and taxes can get off on a good start for 2010?
An important aspect of both investment planning and tax planning is to critically and realistically evaluate your investment performance. Based on your earnings, you can determine how to best plan your investments so that you
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As 2009 draws to a close, it’s time to start planning your 2010 taxes. A good place to start is to educate yourself on the latest tax law changes so that you can successfully plan your 2010 taxes in advance. There are still plenty of soon-to-expire tax incentives that you can take advantage of before it’s too late. Also, if your financial situation has changed (loss of a job, closing
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At Tax Resolution Services, we know that 2009 has been a difficult year for many of our clients due to the economic downturn. Although there are small signs of recovery, it is expected that a full recovery is still some time away. For those of you have found yourselves in IRS trouble, it’s not too late to get tax help from a tax attorney or CPA to start resolving your
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2009 has been a rough year for many people. Aside from getting professional tax help from a tax attorney or CPA, you can also learn how you can take advantage of available tax incentives in order to save money.  Below are some experiences from a taxpayer who wanted to emphasize the benefits of year-end tax planning in maximizing the many Tax Code provisions designed to help ease the impact of
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If you’re a victim of a “Ponzi”-type investment scam then you know that dealing with investment fraud is no fun.  Did you know that you may be able to recoup 30% to 40% of your losses  under Internal Revenue Code Section 165?  We call it “Section 165 Representation” or Investment Fraud Representation.  Our professional tax team can help you amend prior years tax returns sometimes resulting in a reduction of taxes paid in those
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I know I’ve mentioned before on this blog how social media has been a great way for me to expand our reach and help even more people with their tax problems.
I was recently quoted in Inc Magazine about my use of Twitter (@taxresolution) as a CEO - I’ve really enjoyed using it to connect and share with people I wouldn’t otherwise know.  Plus it’s just another way to provide IRS
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2009 was undeniably a challenging year for many businesses around the country. With the IRS’s renewed aggression to hunt and collect taxes from business owners, whether it be payroll  taxes or income taxes, more than a few businesses found it difficult to stay out of IRS trouble while still keeping the lights on.
This is why it is important for businesses to understand the tax climate–new tax law changes, possible tax
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With 2009 drawing to a close, many business owners may be looking at their bottom line and pondering additional ways to save money for the upcoming 2010 year. While skimping on paying payroll taxes may get you in deep IRS trouble, educating yourself on acceptable ways to save financial resources will help your business survive and thrive.
The most effective way to go about this is to understand the tax incentives
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From our staff of professional tax attorneys, CPAs, and specialized IRS relief consultants at Tax Resolution Services, we wish everyone all the best for a wonderful holiday season!

Me and my wife Roslyn along with TRS President Brian and his wife, Theresa, at the Tax Resolution Services 2009 Holiday Party

Running a small business can be challenging–there are a wide variety of tax-related hoops you must jump through in order to stay out of IRS tax trouble.
This past year in 2009, we’ve seen a lot of small business owners struggle with making IRS income tax payments along with payroll tax payments while keeping their doors open. As overwhelming as the tax obligations can become, do not be discouraged–if you educate
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The latest from Washington is that patrons of tanning salons will be hit with a 10% tanning tax – raising an estimated $2.7 billion over 10 years to pay for health care reform. While this replaces the proposed 5% “BoTax” on plastic surgery providers, we know this won’t be the last we’ll hear from the IRS.
President Obama is optimistic about the passage of the Health Care Bill, which is set
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