Archive for March, 2011

Tax Resolution Tips for Tax Day 2011

Thursday, March 31st, 2011

Today’s Tax Resolution Tip:
Gearing up for tax day 2011? Check out these key tax tips I discussed  recently on the Big Biz Show:
Tax Tip #1: Get help now! Find out if you qualify for tax relief.
Tax Tip #2: Prove you can’t pay.
Tax Tip #3: If you qualify for an IRS payment plan – get one!
Visit our FAQ Page to find answers for your tax questions or check out our Facebook page, 365
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Tax Help For Consumers as Tax Problem Resolution Services Coalition Advocates for Industry Best Practices

Wednesday, March 30th, 2011

As news of tax resolution scams flood the media, the leaders of tax relief services  such as enrolled agents, tax lawyers, and CPAs, have united to form the Tax Problem Resolution Services Coalition (TPRSC).
Founded by myself, Kathy Hill of Tax Tiger, Inc., Lawrence Lawler of the American Society of Tax Problem Resolvers, and Byron Pedersen of Instant Tax Solutions, LLC, the coalition’s purpose is to promote and ensure
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Innocent Spouse Tax Relief For Those Who Have Spouses That Have Cheated the IRS

Wednesday, March 30th, 2011

Tax relief can sometimes come to spouses (or ex-spouses) of those who are very guilty of a tax crime and may be facing a large punishment such as prison and a fine.  This is called Innocent Spouse tax relief and is available for those who honestly had no idea about their spouse’s financial situation.  If you are interested in applying for an Innocent Spouse claim, seek expert tax representation to help
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Celebrity Tax Woe: The IRS Hunts Kelly Osbourne for $30,000 in Unpaid Back Taxes

Tuesday, March 29th, 2011

We’ve heard this over and over again: celebrities who think they’re above the law getting schooled by the IRS in the media. The latest case in point: Kelly Osbourne, reported to owe the IRS over $30,000 in unpaid back taxes dating to 2009.
While the star has not provided any comment regarding her tax bill, this should serve as a general warning for the taxpaying public that the IRS is not
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Tax Relief News: Survey Reveals Tax Cheats to be Young, Single and Male

Tuesday, March 29th, 2011

I recently came across an interesting article on CNN with some surprising stats. In Tax cheats: Single, young and male, an annual survey conducted by DDB Worldwide Communications Group found that the typical American tax cheat is male, single and under the age of 45. According to the survey:

15% of Americans surveyed fessed up to fudging their tax returns
64% of those people were men, according to the survey of consumer attitudes and behavior.
35%
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Tune In Wednesday 3/30 @ 1:10pm PST to Big Biz Show For Tax Tips on Your 2010 Return

Tuesday, March 29th, 2011

Tax day is fast approaching and if you are still getting your 2010 tax return in order, you don’t want to miss tomorrow’s Big Biz Show at 1:10pm PST on the top tax tips for your 2010 return.
To continue my weekly appearance on the Big Biz Show to share tax help tips with consumers, I will go over some important things you don’t want to leave out of your 2010
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Top Tax Help Tips for 2011 from Big Biz Show Tax Day Countdown

Monday, March 28th, 2011

We are getting closer to tax day with 20-something days on the countdown till April 18th. Have you gotten your ducks in a row yet?
Last week I sat down with Russ & Sully from the Big Biz Show to share the top four tax help tips for 2011. If you happened to miss the show, here’s the scoop:
Tax Help Tip #1: Severance & Unemployment are Taxable. Many people don’t realize
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Tax Resolution Tip On Claiming Dependents

Monday, March 28th, 2011

Today’s Tax Resolution Tip:
Check out this great post we came across from fellow tax blogger Kay Bell from Don’t Mess With Taxes:
By the Numbers: 5 tests a child must meet to be claimed as a tax dependent
1. Relationship
2. Age
3. Residency
4. Support
5. Joint Return
Don’t forget any and all tax dependents must be U.S. citizens, U.S. resident aliens, U.S. nationals or residents of Canada or Mexico (exceptions exist for certain adopted children).
Read the details
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Tax Resolution Tip for Avoiding Filing Problems

Sunday, March 27th, 2011

Today’s Tax Resolution Tip:
To avoid filing problems you must -
1) Be organized
2) Have knowledge
3) Have a budget and be a better money manager
It’s never a bad idea to see a professional to do a tax projection for year end. The rule of thumb is: accelerate deductions and defer income!
For more tax resolutions tips, check out our Facebook page, 365 Ways to Keep the IRS at Bay.
Tax Resolution Services, Co.,
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Tax Help News Round Up – Free Tax Help, Tax Filing Tips, Survive an Audit and More!

Friday, March 25th, 2011

Bringing you another edition of tax help news from the blog-o-sphere, including tax tips, tweets and everything tax! At Tax Resolution Services, Co. we like to keep up with what is going on in the tax world. Not only does this enable us to offer expert tax help, but we strive to educate consumers on current news and relevant tax content.
Check out some of the recent tax buzz we’ve Stumble(d)Upon upon
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Delinquent Tax Filing is a Better Alternative to Filing False Tax Return

Thursday, March 24th, 2011

Failure to file tax returns can be a criminal offense.  What most people don’t know is that you have a right to file your original tax return, no matter how late it is.  Delinquent tax filing gives the consumer a chance to state what they owe to the IRS.  Another fact that most people don’t know is that if you don’t file your tax return, the IRS will often file
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Need for Tax Relief Grows as Administration Proposes $1.13 Billion Increase to IRS Budget

Wednesday, March 23rd, 2011

According to Reuters news service, the Obama Administration’s proposed 2012 budget includes a $1.13 billion increase in funding for the IRS.  About $460 million of the increase, which brings the total IRS budget to a whopping $13.3 billion, is slated for tax enforcement programs. The increase allows the IRS to hire 5,100 new employees, most of whom will go after delinquent taxpayers both large and small.
I’ve come across too many
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Tax Help Advice For Business Owners Who Are Under IRS Audit

Wednesday, March 23rd, 2011

IRS audits are the highest they’ve been in a decade and if you find your business getting audited, this is what you need to know: Do not go up against the IRS on your own!
According to a recent Bloomberg article, IRS agents say business owners that choose to represent themselves without professional tax help are the easiest to incriminate during an IRS audit.
The article suggests a number of helpful strategies
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Tax Help on Big Biz Show: 7 Things Business Owners Must Know About Payroll Taxes

Tuesday, March 22nd, 2011

Last week I appeared on the Big Biz Show to continue the Tax Resolution Tax Day Countdown with Russ & Sully to talk about the 7 top things business owners must know about payroll tax problems.
The IRS assigns a much higher priority to the collection of payroll taxes mainly because at the end of the year, most employees can claim the taxes deducted on their W-2s as a credit and
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Filing False Tax Return Drives Race Car Specialist to Prison Finish Line

Tuesday, March 22nd, 2011

Ian Prout, 38, of Essex, Conn., was sentenced to three months in prison, to be followed by one year of supervised release, for failing to report more than $250,000 in income on his federal tax returns between 2005 and 2007.
According to court records, Prout was a self-employed race car specialist. Typically, Prout rented the facilities for the weekend and was paid to teach high-performance car owners how to drive and
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