Struggling taxpayers who owe fortunes in back taxes may be skeptical when they hear that the IRS would discharge their debt for less than the amount owed if the qualify for the IRS Offer in Compromise program.
We had a guy come to us who owed the IRS $91,000 in back taxes and sought tax help through our tax experts at Tax Resolution Services, Co. After negotiating with the IRS on
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Did you know that one in six Americans has a tax problem?  You are not alone!  Tax Resolution Services will help you find a tax solution that fits you.  We have a 99.7% client satisfaction rate and have settled thousands of cases for an average of $0.11 on the dollar, saving clients in excess of $52 million.  You read that right!  Don’t wait any longer – contact Tax Resolution Services today
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Taxpayers blindsided by back taxes after losing their homes to foreclosure in many cases can qualify for tax relief. For the many Americans who have lost their homes to foreclosure, a nasty and expensive surprise may be waiting. The IRS may choose to pursue them for back taxes relating to the foreclosure, which, for tax purposes, may be treated like a sale. The IRS may deem the foreclosure a form of
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In recent tax relief news, the Seventh Circuit Court of Appeals ruled that the IRS can continue to apply the two-year deadline for taxpayers looking to file for “innocent spouse” relief. Basically, this treasury ruling upholds that taxpayers claiming innocent spouse tax relief must make their claims within 2 years of the IRS’s commencement of collection action.
What is meant by an “innocent spouse”?
Answer: When you and your spouse file a joint
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Another case of the rich and famous owing back taxes to the IRS! In recent news, California’s lieutenant Governor, Abel Maldonado’s family paid $111,146 in back taxes to the IRS last month, after the government placed a tax lien on the business, the family farm.
The governor’s father and brother paid the back taxes sum, though stating they were doing so “under protest” as they were disputing the charge. According to the
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I am honored to announced that Tax Resolution Services was named on Inc. magazine’s 2010 list of the 5,000 fastest-growing private companies in the country. Our excellent team earned the position of 1,691 on Inc’s annual rankings honoring the significant accomplishments, contributions, and creativity of the nation’s top businesses and entrepreneurs. We also ranked #89 in our industry for  financial services, and #93 in our hometown of Los Angeles.
I attribute
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If you are applying for tax relief through the IRS Offer in Compromise settlement program, there are Seven Deadly Sins that you must avoid committing to successfully resolve your IRS problems. Find out how to protect yourself from committing these deadly sins so you can successfully get out of back taxes Purgatory to achieve tax relief salvation.
While the IRS is more determined than ever to enforce collection activity for back
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The man in the article below got busted for some serious crimes.  He is lucky that he got off with five years of probation and no jail time.  As an employer, which he was, who withheld taxes from his employees, he was obligated to turn over the employee withholding taxes to the government.  The government considers these withholding taxes as “trust” taxes, relying on the integrity of business owners to
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This just in–The “Tax Lady” Roni Deutch has just been sued by the California attorney general for misrepresentation of her tax relief firm’s success rate and cheating distressed taxpayers out of thousands of dollars for upfront retainer fees that did not lead to actual tax resolutions.
According to ABC news, “Deutch entices clients with television ads that make false claims.” Roni Deutch is looking at more than $34 million in damages.
We
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Earlier this year, the Internal Revenue Service began employment tax audits of approximately 6,000 U.S. companies to provide statistical data for the National Research Program study of employment tax compliance.
During this process, the IRS is also prioritizing the collection of unpaid employment taxes from both businesses big and small. This means no one is safe from IRS audits as Uncle Sam zeros in on randomly selected companies and individuals in order to
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Earlier this year, the Internal Revenue Service began employment tax audits of approximately 6,000 U.S. companies to provide statistical data for the National Research Program study of employment tax compliance. The IRS is also prioritizing the collection of unpaid employment taxes from both businesses big and small – and putting their most experienced agents on the task.
As the IRS is stepping up their increasingly aggressive collection efforts for unpaid payroll
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After news broke last fall that the Swiss Bank, UBS was under attack for hosting undeclared, offshore accounts and holding seminars educating Americans on “overseas tax reduction strategies”, the Internal Revenue Service has now devoted a specific department focusing on individuals worth $10 million or more in assets, Multinational and International corporations participating in transfer pricing among other avenues potentially evading millions of U.S. tax dollars every year.  Anyone that
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Tax evasion is a serious crime and punishable with fines and prison sentences.  Why put yourself in a situation like this?  If you have tax problems hanging over your head, we can help you resolve them.  Tax Resolution Services is a tax firm that specializes in tax relief by resolving tax problems and settling back taxes.  Feel you can’t pay all the taxes you owe?  There are many options out
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Tax Resolution Services, Co. has been endorsed by well-respected public figures such as Bill Handel for a while now. Bill, a nationally respected attorney and talk show host, offers expert legal advice for common legal problems in an easy to understand way on his talk show Handel on the Law. We have featured Bill several times on our blog and have collaborated to help educate taxpayers on their tax resolution
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In the featured article below, a priest learns that God wasn’t the only one watching him cheat on his taxes – the IRS was too!  Tax evasion, under reporting income, or hiding income is all the same.  It is a federal offense and is usually punishable by a hefty fine and prison time.  I have said it on this tax blog time and again – if you are cheating on
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