Archive for June, 2011

Beware of IRS Email Phishing Scams!

Thursday, June 30th, 2011

Identify Theft is on the rise and the IRS is warning taxpayers to beware of email scams that seek personal info. Phishing is a scam typically carried out by unsolicited e-mail and/or websites that pose as legitimate sites and lure unsuspecting victims to provide personal and financial information.
There are a number of these phishing scams out there designed to intimate taxpayers- and many of them are pretty convincing as
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IRS Audits Expose All Tax Cheats Such as Louisiana Woman Who Received 94 Months in Prison for Tax Fraud

Thursday, June 30th, 2011

Should you be afraid of an IRS audit?  The answer is yes.  More than 50% of the referrals that the Criminal Investigation Division (CID) gets are from the IRS Revenue Agent that conducts the audit interviews.  IRS audits are there to keep the innocent on track and to expose those that are not so innocent, from small time tax cheats to big time tax evasion like in the article below.
Clarissa
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Tax Client Settles Back Taxes Through Offer in Compromise Program, Saving Over $33,000

Thursday, June 30th, 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 Mr. Michael B.
Mr. Michael B. owed the IRS over $34K in back taxes when he sought our help.  After several months of negotiations, we were
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Joint Tax Return Issues? What Marriage Means to Taxes

Tuesday, June 28th, 2011

An article I just wrote about, Innocent Spouse Relief highlights a couple’s need for better understanding that after saying the “I dos” for better or for worse, each spouse inherits the other’s tax history. Should the marital bliss fade, the couple’s tax liability will not.
The reason for this is simple: the IRS views couples as individuals and holds both taxpayers responsible, commonly referred to as “joint and severally liable”. This means
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FBAR Filing Deadline around the Corner

Monday, June 27th, 2011

The FBAR… anyone familiar with that term?  I would assume that most people aren’t, so let me explain. The FBAR is an acronym for the Report of Foreign Bank and Financial Accounts and is actually a form known as the TD F 90-22.1, a pdf directly downloadable from the IRS for your filing convenience.  Kelly Phillips Erb, aka: Tax Girl,  wrote an article for Forbes online explaining the important
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Tax Resolution Tip for Home-Based Businesses

Saturday, June 25th, 2011

Today’s Tax Resolution Tip:
Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!
While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction
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Another IRS Tax Case: Illinois Businessman Charged with Tax Evasion

Saturday, June 25th, 2011

We blog about a lot of IRS tax cases where people try to cheat on their taxes and lose.  If you don’t want to see your name and tax case on our  tax blog, I don’t blame you!  It’s never too late – and in your best interest – to resolve your tax problems today!  Tax Resolution Services can help you so you don’t end up as another tax cheat
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Tax Resolution Tip: File Your Tax Returns!

Friday, June 24th, 2011

Today’s Tax Resolution Tip:
Unfiled tax returns are very dangerous. If you have any delinquent tax returns it is essential that you file your latest tax return, including any prior tax returns you missed out on. Not filing your returns can cause significant problems as time goes on.
File any and all delinquent tax returns as soon as possible. State what you owe. This will save you money and help you avoid
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IRS Oops: $110,000 Tax Refund Deposited into Man’s Checking Account

Friday, June 24th, 2011

Laguna Beach resident Stephen McDow woke up one day to find that the IRS had deposited a refund of $110,000 into his checking account. And so he spent it; Over the course of a year McDow spent more than half of the money in paying off his student loan debt, his mortgage and towards the purchase of a new. The catch… the refund did not belong to McDow and it
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Tax Resolution Services, Co. 2011 American Business Awards

Thursday, June 23rd, 2011

Last month I blogged about how I was nominated by the American Business Awards as a finalist for the Executive of the Year in the Financial Services Category (see Tax Relief News: Michael Rozbruch Named a Finalist for Executive of the Year by Stevie Awards.  I was nominated in 2009 and it was a huge honor to be a nominee again this year.
I wanted to congratulate the Stevie Award Winner
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Forgot to File a Tax Return? It’s Not Too Late for Delinquent Tax Filing – Otherwise Face Prison for Failing to File a Tax Return

Thursday, June 23rd, 2011

Did you know that you have a right to file your delinquent tax return, no matter how late it is?  Whether you have willfully failed to file your tax returns and now want to set your tax record straight, or you have failed to file your tax return in the past for some other reason, you still have time!  Tax Resolution Services offers tax help services that includes late tax filing
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Tax Resolution Tip for the Self-Employed

Wednesday, June 22nd, 2011

Today’s Tax Resolution Tip:
Are you self-employed? Make your tax filing easier by creating a ‘tax’ account. Then place 30% of every dollar for Social Security, Income Tax and FICA  into that account and use it to make quarterly payments from it.
Avoid filing problems and make your life easier!
Do you owe back taxes to the IRS? Settle your debt with expert tax help. Check out our tax relief FAQs for more information
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Tax Help: Don’t Wait to Correct Your Tax Return Errors

Wednesday, June 22nd, 2011

Many people spend a lot of time, effort and money into preparing accurate yearly income tax returns, even if a professional is giving tax help.  The process is often complicated and accuracy is important. With that combination of factors errors can become common and the IRS wants to see those errors fixed in a timely fashion. The Wall Street Journal Article titled If You Goofed on Your Taxes, Fix It.
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Tax Resolution Tip: Tax Return Extensions

Tuesday, June 21st, 2011

Today’s Tax Resolution Tip:
You can file for an extension on your tax return!
It is your right as a consumer. However, an extension grants you an extension of time to FILE, it is not an extension of time to PAY. You would still have to pay any taxes owed on time, however you can request a little more time in filing your tax return.
Get more daily tax tips at 365 Ways
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Tax Cheats Beware: IRS Uses Technology to Stop Tax Fraud, Tax Evasion

Tuesday, June 21st, 2011

The IRS commissioner explained how the tax-collecting agency is using the latest technology and aggressive data collection to curb fraud and evasion.
- Article by Michael Rozbruch, Certified Tax Resolution Specialist and founder of Tax Resolution Services
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IRS Commissioner Doug Shulman came to the Johns Hopkins Carey Business School in Baltimore with a clear message.
The IRS, he said, will use every tool and technology at its disposal to combat tax fraud and
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