Archive for January, 2011

Declare Your Offshore Bank Account With Professional Tax Help

Monday, January 31st, 2011

If you have an overseas bank account with undeclared funds, now would be the time to work out a structured IRS payment plan to reduce your chances of criminal prosecution and minimize IRS penalties.  It is wise to do this before the IRS approaches you and having professional tax help is recommended.  Our tax team at Tax Resolution Services will help mitigate the severe IRS penalties and criminal sanctions and
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Tax Relief News: National Tax Problem Resolution Firm Reflects on Top Tax Relief Accomplishments in 2010

Sunday, January 30th, 2011

I’d like to share with you TRS’s major accomplishments from 2010, from being honored as at the Inc 500|5000 Awards to endorsements from Glenn Beck and Sean Hannity. Being the nation’s leading tax relief firm, we are very proud to recount highlights from 2010 including the following:

Tax Resolution Services, Co. Honored at Inc 500|5000 Awards Ceremony in Washington, DC. TRS was recognized at the Inc. 500|5000 conference for its debut
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IRS Poised to Audit Businesses for Worker Misclassification and Unpaid Payroll Taxes

Sunday, January 30th, 2011

The Jan. 31 deadline for filing Form 1099s for independent contractors is around the corner. A major target on the IRS hit list is worker status.
Why would the IRS care how a business owner classifies workers? Because the tax burden on the owner changes dramatically depending on how a worker is classified. The IRS is on the lookout for worker misclassification—it doesn’t matter if it is deliberate or inadvertent—to capture
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Delinquent Tax Filing Is Better Than Not Filing Taxes At All – Man Pleads Guilty After Not Filing Two Years of Returns

Friday, January 28th, 2011

If you have failed to file your taxes, you may be charged with a misdemeanor or potentially a felony and it is punishable by a hefty fine and, sometimes, prison time.  What most people do not realize is that you have a right to file delinquent tax returns, no matter how late they are.  Instead of fretting that the IRS is going to come after you, get your tax paperwork
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Tax Help News: Make Tax Compliance Your 2011 Resolution to Settle Your Back Taxes and IRS Problems

Friday, January 28th, 2011

As people look to improve their overall health and well being in the coming year by making better choices and smarter decisions, one of the best resolutions you can make involves exercising sound judgment when it comes to your financial fitness, especially if you owe back taxes or other tax debt.
Your New Year’s resolution should be to make an appointment with a qualified tax relief professional and settle, once and
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Tax Relief News: Need for Tax Relief Grows as IRS Increases Liens in Bad Economy

Thursday, January 27th, 2011

According to a government watchdog, the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slow economic rebound by increasing the number of liens the agency has filed against people who owe back taxes.
As the Associated Press has reported, the IRS filed nearly 1.1 million tax liens in the 2010 budget year, up 14 percent from the previous year—and tax liens are automatically filed if the tax
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Seek Professional Representation for a Tax Audit – Unless You Have Knowingly Evaded Taxes

Wednesday, January 26th, 2011

Are you being audited by the IRS?  Any IRS tax audit – whether they are conducted through correspondence, at your home, office or the IRS office – should be taken very seriously.  If you have been chosen for a tax audit, we recommend hiring a tax professional to help you through the IRS audit process because going into a tax audit without representation is like going to court without a lawyer!  Tax
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“Decoder” Tax Scam Stopped by Department of Justice – Settle Back Taxes With A Qualified Tax Professional, Not a Tax Scammer

Tuesday, January 25th, 2011

Tax schemes designed to defraud the IRS of money never work for long.  Taking part in a tax scheme such as the one described below is not the solution to tax relief.  If you owe back taxes, the solution lies with a qualified tax professional who can guide you through the process of tax relief.  Tax Resolution Services is made up of tax attorneys and Certified Tax Resolution Specialists that
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If You Owe the IRS Back Taxes, There Are Tax Relief Options Available

Monday, January 24th, 2011

At Tax Resolution Services we help people who are struggling with back taxes on a daily basis.  Questions about how to settle back taxes are often asked of our Certified Tax Resolution Specialists.  If you are struggling with back tax debt, there are tax relief options available, as outlined below.
Question: There’s no way I can pay what the IRS says I owe. No way whatsoever! They say I owe the
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Tax Relief FAQ: Do Compliant Taxpayers Pay The Tax Debt For Delinquent Taxpayers?

Sunday, January 23rd, 2011

This is a good, logical question that many taxpayers have, understandably, asked before. The answer is a definitive ‘no’.
The IRS have had a considerable boost in their enforcement budget, allowing them to pursue all tax delinquencies, both personal and business finances. In many circumstances, the IRS is willing to accept less than the total amount owed by taxpayers, in order to bring them back into compliance. Usually these agreements are made with the help
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Offer in Compromise Accepted by California Franchise Tax Board for Tax Client

Saturday, January 22nd, 2011

Every month Tax Defense Partners chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Defense Partners with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Barbara K.
Barbara owed the California Franchise Tax Board $7,400 for the year of 1995 when she sought our help. Our negotiations and advocacy resulted in the FTB
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RTT News Interview: A Look Back How Tax Changes in 2010 Effect 2011

Friday, January 21st, 2011

2010 was a year full of unique changes in taxes.  Recently I sat down for an interview with Deborah at to discuss 2010, a few points that made it unique and how the changes made will effect 2011. You can listen to the full interview here or read the points below for an overview of the changes made in 2010. Keeping current with tax news is a great way
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How To Make The Most Of Our 2010 Tax Deductions: Defer Income and Accelerate Expenses

Thursday, January 20th, 2011

2011 may be here already, but that doesn’t mean 2010 tax relief tips can’t be an important educational tool for future 2011 tax filing. Recently I sat down for an interview with Deborah at to discuss how to make the most of your 2010 tax deductions.
When talking about tax deductions it is always important to remember that consistency is key. As a Certified Tax Resolution Specialist I
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Tax Relief FAQ: What Is Worker Misclassification And How Is It Determined by IRS Business Audits?

Wednesday, January 19th, 2011

As a business owner, there are two types of workers you will deal with: employees and independent contractors. When it comes to tax and the IRS, the difference between the two is crucial.
For each employee, it is the business owner’s responsibility to withhold and pay Social Security and Medicare taxes, income taxes and pay unemployment taxes on wages paid. However, when employing an independent contractor, as a general rule, the
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Tax Help for 2011: New Year Incentives You’ll Want to Take Advantage Of

Wednesday, January 19th, 2011

On a recent interview with Deborah at we discussed the new types of incentives that can be great tax help for our clients in 2011. Here is a brief run through of some of the tax relief solutions that I  touched on during my interview and where you can find more information on each one:

Green energy or anything that is environmentally friendly. Read more about 2011 green tax incentives
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