Archive for May, 2011

Tax Help News Round Up – Offshore Accounts Cases, Tax Regulation Commentary, the IRS’s Wealth Squad & a New Tax Help Novel

Tuesday, May 31st, 2011

This month’s edition of tax help news covering the latest in all things tax. Here are some of the interesting tax stories we’ve Stumble(d)Upon. Highlights include, offshore accounts crackdown, an inspiring new novel on how to bounce back from tax debt you didn’t even know you had and great commentary on taxing non-profits, IRS’s Wealth Squad and the tax ‘game’.
Offshore Tax Crackdown Scorecard: UBS, Credit Suisse, HSBC – The IRS is serious
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Small Businesses Tax News: SBOs Push Back on IRS request for Electronic Files

Tuesday, May 31st, 2011

In a recent article by Laura Saunders of the Wall Street Journal called Small Businesses Fight IRS over Data, the news that the IRS is asking companies they are auditing to hand over electronic records that they store in their business software programs.  (Source: a letter from an agency official to the American Institute of CPAs).
According to the article the fear from the American Institute of CPAs “fears this will
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Tax Resolution Services Helps People With Tax Problems But Cannot Help Tax Evaders

Monday, May 30th, 2011

Tax Resolution Services offers affordable solutions to businesses and individuals who find themselves in tax troubles.  If you owe back taxes, need help to file a delinquent tax return, or have been threatened by a tax lien, our team of tax professionals can help you.  However, if you’ve deliberately evaded taxes and are looking to get a pass from prison, you are on your own, like the person in the
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Tax Relief News: Consumers Need to Act Now to Take Advantage of Expiring IRS Amnesty Program For Offshore Accounts

Friday, May 27th, 2011

Attention all consumers with undisclosed offshore bank accounts: now is the time to act if you want to reduce your IRS penalties!
Due to the highly successful voluntary disclosure program last year, the IRS re-launched their offshore bank account amnesty program for 2011, due to expire in August.
I’m taking this opportunity while we still have some time to urge consumers with undisclosed foreign bank accounts to hurry and take advantage of
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Tax Relief Available For Qualifying Innocent Spouse – Not In This Case of a Tax Evading Colorado Couple

Thursday, May 26th, 2011

The IRS does gives people breaks – here and there.  One IRS break that some people are not aware of is tax relief for spouses who are being subjected to IRS problems because of their spouse’s (or ex-spouse’s) actions.  It is appropriately called “Innocent Spouse” tax relief and, if a person qualifies and meets IRS guidelines, they will not be responsible for the tax problems of their spouse.  Of course, this does not apply to
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Tax Relief News: Michael Rozbruch Named a Finalist for Executive of the Year by Stevie Awards

Wednesday, May 25th, 2011

I am very excited to announce that the Stevie Awards has named me as a finalist for the Executive of the Year in 2011!
Started in 2002, the Stevie Awards has been honoring and generating public recognition of the accomplishments and positive contributions of the companies and business people worldwide each year.
Other finalists for Executive of the Year include Maryann Von Seggern of Cisco, Talbott Roche from Blackhawk Network, and Michael
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Offshore Tax Evasion Crackdown

Wednesday, May 25th, 2011

Not reporting offshore bank accounts is no laughing tax matter.  Bloomberg posted a report this week – Offshore Tax Crackdown Scorecard where well-known companies like UBS, Credit Suisse, and HSBC got the offshore tax evasion smackdown.
Brian Compton, President of Tax Resolution Services and I have been touting the necessity for FBAR and Offshore Account Disclosure for a LOOOONG time.
Seeing national news coverage is certainly shedding more light on this issue,
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Tax Refund Conspiracy Lands Alabama Men in Prison

Tuesday, May 24th, 2011

Did you know that tax problems plague 1 in 6 Americans?  Many people feel (or have felt) a tax burden at some point in their lives and the good news is that tax relief help is available.  Enlist the help of a qualified tax professional who will deal with the IRS and find a reasonable solution to your tax problems.  The IRS has options to help consumers settle back taxes.  If
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Everything’s Up for Grabs, Even Non-Negotiables: My Interview with Connections Magazine

Monday, May 23rd, 2011

It was such an honor to be interviewed by Jasmine Grimm of Connections Magazine.  With Jasmine I was able to talk authentically about my life experiences as a second generation Holocaust Survivor and the lessons of life my father taught me. The experiences and lessons learned in my youth has helped shaped me into the business leader and tax professional I am today. It was a rewarding experience to recount the
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Tax Relief News: TRS and ASTPS Endorse Tax Problem Resolution Services Coalition

Sunday, May 22nd, 2011

Tax scams are vicious. Aside from the unethical motives that drive a firm to pose as a tax relief agency and target consumers who are in tax debt, stressed out and unsure where to turn for advise, it is downright low. Unfortunately tax relief scams are a common topic these days. With the increasing number of fraudulent ‘tax relief’ firms out there, there is a growing need to fight back
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Texas Man Barred from Preparing Tax Returns – Tax Audits of His Customers Reveal Understated Tax Liabilities

Saturday, May 21st, 2011

Any tax audit by the IRS should be taken seriously.  Ironically, it was tax audits of multiple returns that led the IRS to a corrupt individual and his company who were falsely preparing tax returns for others.
A federal court has barred Eddie Madrigal of San Antonio, Texas, from preparing federal tax returns for others. The government complaint alleged that Madrigal and his company prepared tax returns for customers that claimed
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The IRS Offer in Compromise Program Can Resolve Tax Debt for Qualifying Consumers

Wednesday, May 18th, 2011

Many of our clients at Tax Resolution Services inquire about the Offer in Compromise program - a program established by the IRS to help consumers settle tax debt, usually at a fraction of what they owe.  What most people don’t know is that the Offer in Compromise is a privilege set forth by the IRS and that a person needs to qualify for this program.  How does someone qualify?   Read more from the IRS Question Corner of
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IRS Offer in Compromise Program Saves Tax Client Over $30,000

Monday, May 16th, 2011

Every month Tax Resolution Services chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Ms. Anita W.
Ms. Anita W. owed the IRS over $32,000 in back taxes. Our negotiations and advocacy resulted in the IRS accepting a settlement of just $1,793.00 via the federal government’s
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Tax Resolution Topic: How to File Foreign Bank Reports

Monday, May 16th, 2011

There was a recent article on Wall Street Journal’s Smart Money site on May 13th on How to File Foreign Bank Reports.  I am happy to see large-profile publishers like WSJ and Smart Money talking about this because offshore account disclosure is a must for consumers.  Hiding funds in offshore accounts without declaring can result in criminal prosecution, and/or IRS penalties.
If you have funds that have not been declared and
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Expiration of Back Taxes: IRS Collections Statute of Limitations

Sunday, May 15th, 2011

One of the most effective ways to eliminate back taxes is through the Expiration of Back Taxes: Statute of Limitations on IRS Collections tax resolution option. This option is particularly useful for eliminating tax debt if the back taxes have been assessed against you years ago.
You may be surprised to hear that it is a fact that the IRS is prohibited, by law, from collecting on expired back taxes.
Generally, the
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