Archive for July, 2011

Tax Help News Round Up – Innocent Spouse change in regulation, How to Chose a Tax Pro, Give to Charity, Avoid a Tax Scam and More!

Sunday, July 31st, 2011

This month I came across a couple of interesting articles from my StumbleUpon I wanted to share with you. Here is a recap of tax news covering topics on all things tax, from news on Innocent Spouse relief, giving to charity, tax scams and more celebrities tax problems.
IRS does ‘the right thing’ for the ‘innocent spouse’ – Michelle Singletary discusses the IRS and their decision to remove the two-year limitation
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Individual Taxation: Recent Developments and Changes in Tax Law for Consumers

Sunday, July 31st, 2011

I came across an article called Individual Taxation: Digest of Recent Developments that summarizes recent changes and developments on individual taxation. The article goes into a good amount of detail to outline both last and this year’s tax regulation changes that will affect individual consumers. I highlighted some “best of’s” from the individual taxation article below. It is important to keep informed on tax law changes as most of these changes in taxation
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IRS Tax Relief Interview with Tax Resolution Services, Co.

Friday, July 29th, 2011

There are a myriad of reasons why people have tax issues.  In my decade plus of expertise in guiding people to resolve theirs, I’ve just about seen them all. Our tax mediation firm specializes in working with the IRS to secure the best deal for clients seeking relief for their tax problems. Years of practice in careful listening and observing combined with a brazen approach and natural proclivity
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Guest Post: Mid-Year Personal Tax Planning Tips from Cafe Tax

Thursday, July 28th, 2011

By Joseph Arsenault, CPA Founder of Cafetax.com
A large majority of taxpayers wait until tax season to communicate with their tax professional to have their taxes prepared. Avoiding tax planning during the year can cost a taxpayer thousands of dollars. Tax planning can be useful, whether the tax return is simple or complex. This is a great time to consider possible strategies and decisions you can make in 2011 to decrease
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Leading Tax Resolution Specialist on Fox Business News

Thursday, July 28th, 2011

The Government Wants Your Money – was a timely theme for this old interview I did with Fox Business News’ Brian Sullivan (see the video below). Our candid discussion outlined policy changes within the IRS and their stepped up enforcement efforts in the name of tax collection. While the country is slowly digging out of a deep economic hole, it’s not surprising to see the IRS building a solid foundation
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Celebrity Tax Woes: R&B star R.Kelly owes more than $837,000 in delinquent federal taxes

Thursday, July 28th, 2011

It is important for taxpayers to know they are not alone when it comes to facing IRS problems. In fact, many celebrities have fallen victim to the woes of owing Uncle Sam and R. Kelly is no exception.
The Detroit News reports that R&B star, best known for his hit “I Believe I Can Fly” owes nearly a million in unpaid taxes.
The IRS filed an $837,442.59 tax lien against Kelly
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Tax Relief News: IRS Changes Rules to Protect Innocent Spouses

Thursday, July 28th, 2011

Effective immediately the IRS will be allowing tax relief to the innocent spouses of those with serious IRS tax problems and back taxes. The new rules will help protect partners, especially those from abusive relationships, by granting relief to those who could have been deemed liable for a spouse’s tax problems. The Wall Street Journal’s Laura Saunders explains how the new rules differ from the original rule of a 2
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Celebrity Tax Woes: Rapper Ja Rule Sentenced for IRS Tax Problems

Wednesday, July 27th, 2011

Celebrity rapper and actor Ja Rule was sentenced to 28 months in prison and ordered to pay 1.1 million dollars in unpaid taxes on Monday. Ja Rule was quoted by the Associated Press as saying; “I was a young man who made a lot of money — I’m getting a little choked up — I didn’t know how to deal with these finances, and I didn’t have people to guide
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“Man Up” to Your IRS Tax Problems

Tuesday, July 26th, 2011

The “Be A Man” slogan (seen in the video below) is the advertising tagline that I used when starting Tax Resolution Services. The burnout performance by my co-star, the 1968 Oldsmobile 442, emphasizes the serious point of tax problem avoidance.
Unlike a classic muscle car that gets more valuable with age, tax issues, if not dealt with promptly, only get worse.
“Be A Man” simply means that
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Delinquent Employment or Payroll Tax Problems?

Monday, July 25th, 2011

In this video, I speak to small business owners and independent contractors who owe delinquent employment or payroll taxes. When you don’t pay your payroll taxes, the IRS WILL catch up to you.  Should you find yourself in a payroll tax problem position where you have IRS stress, here are three key points to understand about the IRS’ stepped up efforts with collections. (See video and I type out the
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Tax Refund Scheme That Nets Alabama Women $1.4 Million Gets 21 Months in Prison and Hefty Fine

Monday, July 25th, 2011

Cheating on taxes gets you nowhere but behind bars. Another tax fraud case, highlighted below, proves the IRS is always watching!
Two Alabama women have been sentenced for their role in a conspiracy to file false claims for tax refunds.
Betty Washington, of Montgomery County, Ala., was sentenced today to 21 months in prison and ordered to pay restitution in the amount of $1.4 million. Wendy Delbridge, also of Montgomery County, was
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Report Your Offshore Bank Accounts to the IRS – Let TRS Help!

Friday, July 22nd, 2011

Do you have an offshore bank account? Does the IRS know about it?
Well… if they don’t now, they will. And when the IRS finds out about your offshore bank account, you can expect some serious reprecussions.
Why?
Because having offshore accounts and not filling out the proper paperwork, or not doing it correctly, is a serious crime and the IRS is cracking down on offshore tax evasion.
Tax Resolution Services recently wrote an
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Tax Problem Tip: The Difference Between IRS ROs, RAs and Special Agents

Thursday, July 21st, 2011

Tax problems are no laughing matter. Hiding under a rock is not the answer.  If you fail respond to letters and notices from the IRS, an agent or officer may be assigned to your case for the purpose locating you and collecting the tax.  IRS Agents may come to your home or place of business.  They may also contact friends, neighbors, relatives, co-workers, business associates and colleagues.
It is important to
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Tax Evasion to the Max: Florida Man Failed to Pay Employee Taxes, Personal Taxes and Faces Prison

Thursday, July 21st, 2011

The man in the article below is a great example of a case of double tax evasion: collecting payroll taxes and failing to turn them over to the IRS is his first crime.  Failing to pay personal taxes is his second strike.  The IRS does not take these offenses lightly – as can be seen by his hefty prison sentence.
Stuart M. Register, 44, of Brandon, Fla., was sentenced to 27
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For Immediate Tax Relief, Go To The Emergency Room for IRS Problems

Wednesday, July 20th, 2011

Like an emergency facility does for an incoming patient, we deal with our client’s immediate tax problems by assessing their individual situation and then taking the necessary steps to relieve their burden of stressful tax related issues. I talked about this (see video below) at Tax Resolution Services, Co. headquarters but wanted to expand on it more here on our Tax Resolution University blog.
The current economic climate has contributed to
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