Archive for June, 2010

Taxpayers Get What They Pay for When It Comes to Tax Relief Firms

Wednesday, June 30th, 2010

Tax Relief Tip: When shopping around for professional IRS tax relief, taxpayers must look beyond the fees quoted for tax resolution and also consider a company’s track record for achieving exceptional results for clients.
With the IRS knocking at the door for payment of back taxes, financially strapped taxpayers in desperate need of tax relief must be careful to avoid an increasing number of scams and schemers who may promise a
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Taxpayers Who Receive IRS Collection Notices Must Act Quickly to Stop Debilitating Levies and Liens

Tuesday, June 29th, 2010

At Tax Resolution Services, Co., we encourage taxpayers facing IRS action to take prompt action and get expert tax relief to delay or halt intrusive IRS collection tactics, including levies on wages, assets, savings and checking accounts.
In this struggling economy, the IRS has made no secret that it intends to aggressively pursue payment of back taxes. Taxpayers who have recently received a tax collection notice; been threatened by the IRS
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Business Tax Relief Tips: Correctly Classify Your Employees to Avoid IRS Tax Problems and Penalties

Monday, June 28th, 2010

Businesses and employers must be very cautious when it comes to classifying workers as employees or independent contractors – misclassification can get you in deep IRS trouble. Employers must be aware of these IRS audits and employee classification assessments because if the IRS finds a misclassification that has deprived employees of their tax benefits (such as classifying employees an independent contractors) they can demand the employer provide for these missed
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Filing a Tax Return – Better Late than Never!

Monday, June 28th, 2010

Did you fail to file taxes last year? Or for a few years for that matter?  And now you owe back taxes and penalties that you may not have the money to pay?  Don’t let this go on any longer!  Many people do not know that they have a right to file a tax return, no matter how delinquent it is.  This is also referred to as late tax filing and Tax
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Oil Spill Victims Dealt Another Blow as IRS Seeks its Cut of BP Payments on Lost Wages

Friday, June 25th, 2010

With the debacle that is the oil spill and all the confusion surrounding it, it comes as no surprise that the most aggressive collection agency on the planet, the IRS, wants to play its part in the ongoing clean up process. This takes form in intricate taxes applicable to oil spill victims who receive BP payments for lost wages.
MSN.com reports, “Under current law, BP payments for lost wages are taxable
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IRS Tax News: Failing to Produce Evidence for Claimed Deductions Will Cost You More in IRS Penalties

Friday, June 25th, 2010

In recent tax court news, the IRS re-affirmed the need for proper, paper-trail evidence when claiming deductions on your tax returns. A couple based in Alaska filed their tax return with medical expense and home deductions, however they failed to supply any evidence of the costs associated with these deductions. Furthermore, their return was filed late. Without providing sufficient evidence, your claims are in effect meaningless. The combined effects of
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Tax Resolution Services, Co., Helps Taxpayer Resolve $35,000 in IRS Back Taxes

Thursday, June 24th, 2010

At Tax Resolution Services we recently helped a taxpayer from Colorado reduce his back taxes by over 90% by qualifying for an Offer in Compromise tax settlement.
Taxpayers who owe back taxes to the IRS can take advantage of the Offer in Compromise program created by the government to offer tax relief to those who owe a significant amount of money for a variety of reasons (including failed business, medical expenses,
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IRS Tax Relief Solutions: Tax Resolution Services Attends Law Day 2010 Offering Free Tax Advice

Wednesday, June 23rd, 2010

On Saturday, June 5, Tax Resolution Services sponsored the KFI Law Day, a free event for the public to receive expert tax help and tons of free legal advice from over 100 lawyers specializing in all areas of the law. Bill Handel, host of “Handel on the Law” recorded a LIVE broadcast of his show and offered legal advice.
KFI radio host, Bill Handel joined Tax Resolution Services CEO and tax
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Six Tips If You Receive an IRS Tax Collection Notice to Collect Back Taxes

Wednesday, June 23rd, 2010

The Internal Revenue Service will be mailing tax collection notices this month to collect back taxes. If you get one of these IRS tax collection notices, you will need to take action quickly with the help of a tax attorney or Certified Tax Resolution Specialist in order to protect yourself, your loved ones, your assets and your job.
If you get one of those terrifying IRS tax collection notices to collect
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Your Summer Glow Is Now Taxable – Tanning Tax Will Help Fund Health Care Reform

Wednesday, June 23rd, 2010

Effective July 1st there will be a 10% excise tax on all indoor tanning services. Last week the IRS announced the new regulations outlining the administration of this new tax that has been in the works for several months. This new tax is part of the 2010 tax hikes aimed at funding the health care reform.
How the new tax affects you:
Whether you are a business providing indoor tanning services or
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IRS Tax Audits Don’t Discriminate – They Clear the Innocent and Find the Guilty

Wednesday, June 23rd, 2010

If you’ve been chosen for an IRS tax audit – don’t panic!  Tax audits can happen to people because of something as simple as missing documents in a tax return or something less simple such as failing to file taxes or failing to settle back taxes.  Whatever the reason, if you are being audited by the IRS, Tax Resolution Services highly recommends having professional tax expert represent you.  You have a right
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IRS Tax Relief Tips on Facebook Help More Taxpayers Than Ever Save Time and Money

Tuesday, June 22nd, 2010

It may be shocking to hear that 1 in 6 Americans has a tax problem, but as I’ve come to learn over the years, it’s the sad truth. But the good news is that there’s a solution to every problem!
That’s one of the reasons we’ve been connecting with Americans on Facebook.  So if you or someone you know has a tax problem, please check out our tax relief tips on
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Resolve Back Tax Debt Today! Evade Taxes and End Up in Prison like NY Businessman

Sunday, June 20th, 2010

Whatever your reasons, if there are taxes that you haven’t paid in the past, you can still settle your back taxes with the help of a tax professional.  Even if you feel like you can’t afford to pay your back taxes, a Certified Tax Resolution Specialist from Tax Resolution Services can give you the help you need to settle your IRS debt.  There are options for you such as the
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UBS To Disclose Offshore Account Holders Details to IRS: Act NOW to Reduce Severe Penalties

Friday, June 18th, 2010

This week the Swiss parliament accepted a treaty with the United States, agreeing the terms which would have UBS, Switzerland’s largest bank, disclose the names of 4,450 American account holders suspected of tax evasion to the IRS. This decision comes after a three year battle between U.S. tax authorities, the IRS and the Swiss bank over the bank’s involvement in allowing American clients to cheat the tax system by hiding
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UBS Account Holders Must Act Now to Avoid Crippling Penalties

Thursday, June 17th, 2010

The Swiss Parliament just ratified an agreement to surrender the names of 4,450 bank clients over to the IRS, as reported today in Americans May Have ‘Mere Hours’ to Disclose UBS Accounts to IRS. And the IRS has pledged to move swiftly to vigorously pursue UBS account holders who have attempted to evade their tax responsibilities. If you think your offshore bank account may be a potential IRS target, it’s
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