Archive for April, 2010

IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Friday, April 30th, 2010

With the April 15th tax filing deadline already passed, what can you do if you’re one of thousands of taxpayers who just don’t have the cash to pay Uncle Sam?
The good news is, there are still IRS tax relief options for you if you did not pay two weeks ago. According to a  MarketWatch article, your best bet is to still file your tax return even if you don’t have
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Involved in an IRS Tax Audit? Tax Attorney Can Help Unless You Willingly Submitted False Tax Returns

Thursday, April 29th, 2010

Now that tax day has passed, some of you may be hearing from the IRS for an IRS tax audit.  Did you know that how you answer the questions in an IRS tax audit can dictate your fate?  IRS tax audits are designed to catch those that have been evading taxes or trying to defraud the IRS.  If you are being audited by the IRS, hiring a professional tax attorney is
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Tax Client of the Month Receives Over $84K in Penalty Abatement Refund!

Thursday, April 29th, 2010

Every month Tax Resolution Services chooses a very special Tax 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 Tax Client Of The Month is Mr. Eddie S!
Eddie owed the IRS over $150k in taxes including penalties and interests. We successfully abated the penalties in the sum of over $75,031
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Now is the Time to Declare Funds in Foreign Bank Accounts: 19,000 Americans Face Penalties as IRS Cracks Down on Offshore Tax Evasion

Wednesday, April 28th, 2010

Jim Angle of FOXnews.com reports that Americans involved in hiding offshore funds in Swiss Bank UBS have inspired the IRS to establish a new unit which will track high-wealth individuals operating globally. The IRS is ready to get to the bottom of the $300 billion tax gap that has been haunting the federal government for the past few years.  They’ve invested $20 billion in the program in order to guarantee
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A-list Celebrities Who Owe IRS Back Taxes Worry About a New List in Hollywood: The IRS-list

Wednesday, April 28th, 2010

Here they go again.  Hollywood stars reminding us they are regular people just like everyone else. Fox News reporter, Natalie Crnosija recently revealed some of Hollywood’s biggest tax evaders in her article Hollywood Stars Who Owe Uncle Sam Big Bucks in Back Taxes.  To name a few: Nicolas Cage—weighing in at $13.3 million, Pam Anderson—Dancing with the Stars despite a $1.7 million tax debt, and Joe Francis, founder of Girls
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Businessman Doesn’t Comply with IRS Levy and Evades Taxes, Faces Up to Five Years in Prison

Wednesday, April 28th, 2010

If an IRS levy is filed against your business, you’re facing serious tax trouble.  The IRS files a bank levy or wage levy against you or your business as a last attempt to collect taxes and is usually a result of poor or no communication between the taxpayer and the IRS.  If the IRS files a levy against you, there is no doubt that you will need professional tax help and this
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IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate

Tuesday, April 27th, 2010

Under the new health care mandate, the IRS has authority to withhold a portion of your federal tax return if you can’t demonstrate that you have health insurance coverage. Even though the IRS says they won’t audit you, your tax returns will be under greater scrutiny in the coming years. Increased IRS enforcement is a certainty, and now is the time to take action and get it right.

IRS Tax Help News: IRS Employee Caught Owing $14,912 in Back Taxes & Penalties

Monday, April 26th, 2010

This latest news goes to show how no one is safe from IRS scrutiny-not even its own employees.
One IRS employee was found guilty of deliberately under-reporting her actual income by neglecting to disclose the money she made from selling her used clothing and other merchandise on eBay.
According to WebCPA, “She had unreported income of $15,320 in 2004 and $21,062 in 2005. Between 2000 and 2005, she was involved in over
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Owe Taxes and Think You Can’t Pay? Seek Professional Tax Help – Don’t End Up in Prison like Ex-FBI Agent Guilty of Tax Evasion

Thursday, April 22nd, 2010

Evading taxes is unnecessary.  People evade taxes for all sorts of reasons, one of which is that they feel the taxes they owe are overwhelming and they may not be able to pay them.  Evading taxes isn’t necessary.  If you feel you owe more than you can afford to pay the IRS, seek professional tax help immediately!  Tax Resolution Services’ team of tax attorneys and Certified Tax Resolution Specialists have outlined what to expect
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IRS Relief News: What Americans With Back Taxes Need to Know About Reaching Out to the IRS for Tax Help

Wednesday, April 21st, 2010

IRS Commissioner Douglas Shulman recently announced that IRS agents would have more flexibility to reach settlements with taxpayers who have fallen on hard times. However, struggling taxpayers who turn to the IRS online payment service or toll-free Tax Help Line for IRS tax help may be putting their financial future at risk.
When you attempt to handle your tax problems over the phone with help from IRS agents, you’re essentially putting
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If You Owe IRS Back Taxes, Don’t Wait to Be Ratted Out by a Whistleblower as IRS Ramps up Increasingly Aggressive Push for Compliance

Wednesday, April 21st, 2010

Although April 15th has already come and gone this year it might be too soon to let out a sigh of relief.  The IRS is coming down hard on non-compliant taxpayers. They’ve recently ramped up the Whistleblowers Program–a form of tattle-tail for adults–that could result in an extensive and frustrating battle between you and the IRS if you’ve neglected obtaining IRS Tax Relief and still owe back taxes.
The Whistleblowers Program
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No Help from Tax Attorney if Filing a False Federal Tax Return

Wednesday, April 21st, 2010

Tax attorneys at Tax Resolution Services see all sorts of tax cases everyday.  From people who want to settle back taxes to people who were unknowingly on the receiving end of tax scams to people who owe extraordinary amounts of taxes and need to work out an IRS Payment Plan.  The Certified Tax Resolution Specialists and tax attorneys on the Tax Resolution Services team can help with all of the above
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Tax Help News: Who Does the IRS Turn to For Help With Resolving Tax Problems?

Monday, April 19th, 2010

Most of the time, we hear stories about taxpayers seeking tax help from tax relief experts, but who does the IRS turn to when it comes to resolving tax problems?
Recently our team at Tax Resolution Services received a cold call from a taxpayer in IRS trouble. It turns out, the taxpayer was referred to our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists by her daughter, who
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IRS Relief News: How to Determine if Bankruptcy is a Viable Tax Relief Option for Resolving IRS Back Taxes

Monday, April 19th, 2010

With a record number of bankruptcies filed in the last year it’s important for taxpayers to know whether it’s possible to discharge taxes in bankruptcy. If you qualify for discharging your IRS tax debt through bankruptcy, you have an opportunity to achieve permanent tax relief and a fresh start. Find out more about eliminating your back taxes with these important tax relief bankruptcy tips.
Most taxpayers don’t realize that IRS tax
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The Tax Resolution Expert Weighs in on Tax Debt Relief Options: Offer in Compromise or the IRS Installment Agreement?

Monday, April 19th, 2010

A note from Michael Rozbruch:  Tax debt is a serious burden for many.  Tax debt relief can change a person’s life.  As a Certifed Tax Resolution Specialist, I know this first hand.  I am the founder and CEO of Tax Resolution Services and have worked tirelessly to help clients find tax debt relief.  In the past decade, Tax Resolutions Services have saved clients an excess of $52 million dollars!  Needless to say, Tax Resolution Services’ tax
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