The IRS offers Innnocent Spouse Tax Relief for people who find themselves in tax trouble due to the actions of their spouse or ex-spouse.   The IRS has set Innocent Spouse Guidelines to determine if a spouse will be held jointly responsible for the tax crime.  If you find yourself in an unpleasant tax situation where you believe that you may qualify for the IRS Innocent Spouse Tax Relief, do the following:  review
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It may resemble a chapter out of 1984 but the recent surge of whistle blowers to the IRS about tax cheats comes as no surprise since these whistleblowers are getting paid enormous sums of money for “telling on their neighbors” for owing back taxes.
A recent Forbes article revealed that a new federal rewards program dishes out cash to people who turn in friends, relatives and employers for fudging their
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You don’t have to be a wealthy jet-setter to get caught in the IRS crosshairs – especially as they are aggressively going after million in back taxes from undisclosed fund in foreign bank accounts.
My associate Brian Compton is one of the nation’s leading offshore tax evasion defense experts. He was recently interviewed by Joe Mont for an article in The Street.com, Overseas Bank Sting Ensnares Average Joes. That’s right- NO
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One of the worst mistakes a taxpayer can make is to underestimate the power and reach of the IRS.
Recently, we have seen how serious the IRS is about collecting back taxes and penalizing those who have deliberately evaded their tax payments. The truth is, no one is safe from the IRS’s grasp-not even A-list celebrities like the ranks of Wesley Snipes, Pete Rose, Sophia Loren, and many more. These celebrities
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Before the UBS deal of 2009 that sent overseas account holders scrambling to submit their voluntary disclosures before October 15th’s amnesty deadline, many people believed a number of IRS myths: that Swiss Bank Accounts are a “tax fortress” impenetrable by the IRS or that the IRS only cared about the “bigger fish.” However, as we have seen in the past couple of months, this is clearly not the case anymore.
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No amount of singing or dancing can get you out of a tax lien filed by the IRS.  When the IRS files a tax lien, it means that you owe taxes, usually a lot of taxes.  Tax liens are no laughing matter – they can tie up your personal property and real estate, make it impossible to get financing for a car or home and, for celebrities, possibly the most embarrassing part of having a tax lien filed
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The IRS is meticulous when calculating back taxes and what you may owe them. But if you miscalculate how much you are required to pay them–they are not required by law to offer you any counteroffers even when such counteroffers may be more financially appropriate.
A recent case showed that the IRS made a mistake when calculating the amount of an individual’s IRS installment agreement payments. However, upon further investigation, the
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