Archive for July, 2010

Tax Resolution Services, Co., Saves Client $48,000 With IRS Offer in Compromise Tax Settlement

Friday, July 30th, 2010

Taxpayers seeking tax relief from back taxes owed to the IRS have several avenues to pursue, but perhaps the most appealing is the Offer in Compromise tax settlement program. The concept is simple: A properly negotiated Offer in Compromise allows a taxpayer to settle tax debts in full for less than the amount owed, without consequences to credit rating.
One of our clients, John P. from Brooklyn, NY owed the IRS
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Tax Relief News: 1 in Every 75 Taxpayers Will Be Audited By the IRS

Friday, July 30th, 2010

In plain terms, an IRS audit is to ensure that your tax return is filed correctly — that you’re not claiming too many unwarranted deductions, and that you’re paying what you really owe Uncle Sam. It all starts with a number that the IRS computer assigns to your tax return known as the DIF score.
The IRS is pretty hush-hush about how it’s calculated, but the higher your DIF score, the
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Tax Attorney Says You Have a Choice: File Your Taxes or Go To Prison for Under Reporting Income!

Thursday, July 29th, 2010

How does that old saying go? If you can’t beat them, join them.  This message is for all the people who think they can beat the IRS by cheating on their taxes, filing fraudulent tax returns or hiding their income.  If I have to spell it out for you, I will.  The bottom line is, you can’t beat the IRS.  So you might as well join the masses of US citizens
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Tax Relief FAQ: What Is An IRS Installment Agreement for Payment of Back Taxes?

Tuesday, July 27th, 2010

Thousands of Americans owe back taxes and interest to the IRS every year. If you are one of the many taxpayers feeling the burden of tax debt, it’s important to take the necessary steps to resolve your IRS problems now – and not later. The worst thing you can do is ignore letters from the IRS in hope that your troubles will go away. They will not, unless you take the
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Can I Really Settle Back Taxes with the IRS Offer in Compromise Program or is it a Scam?

Tuesday, July 27th, 2010

With the economy being low, tax scams are abundant these days.  When I came across this question from a taxpayer, I thought it was important to address this.  Many people are confused about why the IRS Offer in Compromise program was created and my answer below should satisfy you.
Question: I’ve read some of what you’ve said about the Offer in Compromise program. To be honest, I find it hard to
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Tax Relief FAQ: How Does “Currently Not Collectible” Status Affect IRS Collection of Back Taxes?

Monday, July 26th, 2010

Owing back taxes and interest to the IRS is a surprisingly common problem: thousands of Americans feel the burden of it every year. Therefore it is important to take the steps to resolve your IRS problems now. The worst thing you can do is ignore letters from the IRS, hoping your troubles will go away. They will not do so on their own – you must take the appropriate steps! If
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IRS Tax Relief Is Vital for Businesses Audited for Worker Misclassification

Sunday, July 25th, 2010

As the IRS expands audits to 6,000 companies, our tax resolution firm provides expert audit representation while helping businesses resolve potentially detrimental problems that arise from delinquent employment and payroll taxes.
The IRS is stepping up efforts to capture lost tax revenue, recently announcing it would embark on a three-year campaign to audit 6,000 businesses.
Of most concern is any business with unpaid payroll taxes and delinquent employment taxes. Failure to pay
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Is Tax Relief for an Innocent Spouse Possible When Man Claims $5 in Income?

Sunday, July 25th, 2010

I see tax cases every day where a person has evaded taxes, hidden assets, failed to file a tax return and more.  What happens to their spouse (or ex-spouse) if they had nothing to do with the bad tax decisions of their partner?  These situations occur and the IRS has set up a provision for people in this situation, provided that they qualify.  It is known as Innocent Spouse Relief (or
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Nation’s Leading Tax Relief Firm Helps Americans Discharge IRS Debt in Bankruptcy

Sunday, July 25th, 2010

In the midst of the recent economic meltdown, a record number of Americans filed for bankruptcy protection last year. While bankruptcy may carry a stigma, it can also provide a fresh start free from creditors as well as IRS tax debt.
Taxpayers who owe back taxes and lack the assets to pay them off  can potentially qualify for IRS tax relief. However, it is critical that taxpayers consult a specialized tax
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Tax Relief FAQ: You Owe The IRS Back Taxes. What If You Cannot Pay The Full Amount Now?

Sunday, July 25th, 2010

If you are one of thousands of Americans who owe back taxes and interest to the IRS, it is important to take the necessary steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not- unless you take the appropriate steps now!
If you have back taxes to settle, it is essential to know your
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Back Taxes Aren’t Your Only Problem When Concealing Income from the IRS

Friday, July 23rd, 2010

Owing the IRS back taxes can be scary, but ignoring back taxes can be scarier.  Many people (incorrectly) assume that if you owe the IRS back taxes, you will have to come up with the money all at once.  Not true!  There are tax relief options available for those of you that want to settle your back taxes.  These tax relief options, however, are better left up to a tax
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IRS Tax Audits Find Tax Cheats and Punishment in Tax Cases Are Harsh

Thursday, July 22nd, 2010

Do you have an IRS tax audit pending?  Did you know that over 50% of the referrals that the Criminal Investigation Division (CID) gets are from the IRS agents who interviews you for the tax audit?  IRS tax audits are serious!  Your answers from the initial audit meeting can determine your fate!  Tax Resolution Services highly recommends that you seek expert tax representation before your IRS audit happens.  At Tax Resolution
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Tax Relief FAQ: You Received a CP-504 Notice From the IRS for Back Taxes You Owe – What Does This Mean?

Wednesday, July 21st, 2010

If you are one of the thousands of Americans who owe back taxes and interest to the IRS, it’s important to take the steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not, unless you take the appropriate steps!
If you have back taxes to settle, it’s important to know your best
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Tax Defense Partners – What You Need to Know About Negative Internet Reviews

Wednesday, July 21st, 2010

Consumer Reviews and Negative Comments
At Tax Defense Partners we take the reputation of our company very seriously and we appreciate your feedback including both positive reviews and your suggestions for helping us in our continuous efforts to improve our services. And as a national tax relief firm that serves thousands of clients annually, we know that a company our size will never be without complaints.
While you may come across anonymous
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Pay More in Back Taxes, Penalties and Interest by Evading Taxes

Wednesday, July 21st, 2010

I am assuming that most people who evade taxes do so because they want to keep the money all for themselves.  Well, for all of those currently evading taxes, I say enjoy it while it lasts . . . because it won’t last long.  Once the IRS catches up with you, and I am not saying “if” the IRS catches up with you (because they will!), you will not only
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