Archive for September, 2011

Tax Resolution Under Scrutiny-Find Out Who Should Worry

Thursday, September 29th, 2011

I contributed to a recent article written by Tax Analysts Document Service regarding the unscrupulous practices of some tax negotiation-resolution firms (the article was called Tax Debt Representation Industry Continues to Operate in the Shadows).  I talked about the reality that some tax resolution firms  have negatively affected not only vulnerable taxpayers but also damaged the reputation of the viable tax debt representation industry and set the Federal Trade Commission
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Featured Tax Resource: TaxMama® Answers Your Tax Questions

Wednesday, September 28th, 2011

Taxpayers are growing more and more frustrated with our current complicated and somewhat inconsistent tax code so it is refreshing when I come across people such as Eva Rosenberg, EA, MBA who set out to help you understand how the U.S. tax system works.
My mission as a Certified Tax Resolution Specialist is to provide tax relief and tax assistance to our clients and readers and help them with their tax
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Tax Fraud by Alabama Woman Gets Her 63 Months in Prison

Wednesday, September 28th, 2011

Lakecia Motley, 32, of Montgomery, Ala., was sentenced to 63 months in federal prison for tax fraud and ordered to pay $676,465.49 in restitution to the IRS. At Motley’s plea and sentencing hearings, the prosecutors proved that from 2005 to 2007, she and her co-conspirators filed numerous fraudulent tax returns using stolen identity information. The United States lost a total $676,465.49 from the false tax returns.

IRS New Voluntary Worker Classification Settlement Program

Tuesday, September 27th, 2011

There has been a lot of buzz about the IRS’s New Voluntary Worker Classification Settlement Program (also known by the acronym VSCP).  It’s on IRS.gov, going out in newsletters and major media publications are covering it in stories.  What I am not seeing covered yet is how this new settlement program as a disguised as amnesty for small businesses – like a payroll tax “fresh start” settlement program of sorts
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Tax Charges by Guilty Las Vegas Realtor Equals Prison and Hefty Fine

Monday, September 26th, 2011

German A. Posada, of Las Vegas, pleaded guilty to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding.
Posada admitted to filing a false individual income tax return for 2004 that underreported the income from his business as a real estate agent in the Las Vegas area.
From 2003 to 2005, Posada earned commission income from International Realty and another agency.  He
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Tax Evasion By Businessman Who Faces Up To 3 Years in Prison

Friday, September 23rd, 2011

At Tax Resolution Services we admire the creativity people use to try to avoid paying taxes. If you fall into the category of “creative” accounting, we hate to kill your spirit, but we are here to let you know that the IRS has seen, and heard, it all! So although you may think you are pulling a “fast one” over the tax man, in the end, you won’t be the
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As Americans Drop Below Poverty Line, Tax Problems Rise Up

Wednesday, September 21st, 2011

According to U.S. Census figures, the nation’s poverty rate in 2010 reached 15 percent, the highest level in 17 years. More than 46 million Americans are now considered to be living below the poverty line which comes out to 2.6 million more than in 2009, when the poverty level was 14.3 percent (and the largest number in the 52 years the Census Bureau has been tracking it!!) Those living in
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IRS Tax Relief News: Employee Cell Phones Get Tax-Free Treatment

Saturday, September 17th, 2011

The IRS announced yesterday new tax relief guidelines for a provision that allow small businesses the ability to claim a cell phone provided to employees by said business as tax-free without any arduous record keeping needed. The notice issued explains how the provision works in regards to employer purchased cell phones for employee use. It also goes on to explain that the IRS will not require the employer to provide
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IRS Continues Efforts to Crack Down on Offshore Tax Evasion

Friday, September 16th, 2011

The Internal Revenue Service announced this week they received 12,000 new applications from the 2011 Offshore Voluntary Disclosure Initiative (OVDI) that closed on September 9, 2011. This pushes the total number of voluntary disclosures up to 30,000 since 2009.
The programs gave U.S.taxpayers with undisclosed assets or income offshore a second chance to get compliant with the U.S. tax system, pay their fair share and avoid potential criminal charges.
The IRS
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Delinquent Tax Filing Is Better Then Failure to File Taxes

Friday, September 16th, 2011

A Tallahassee, Fla., man whose business involved selling CDs and DVDs at a flea market was convicted of four counts of tax evasion from his failure to file personal tax returns for the years 2005 to 2008.
From 2005 to 2008, Lennie Fulwood Jr., 42, made cash deposits totaling more than $1.7 million, which he placed into multiple bank accounts established in Tallahassee. The majority of the cash deposits were made
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Tax Resolution Services Rank on Inc. 5000 List

Wednesday, September 14th, 2011

I am so honored to announce that this is the second year in a row that Tax Resolution Services, Co. has ranked on the Inc. Magazine’s 500|5000 list as one of the fastest growing private companies in America.
TRS ranked No. 1,467 out of 5,000 company profiles for our significant accomplishments as a tax resolution firm. Our position on the list was based on the company’s three-year sales growth of 191%.
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Filing False Tax Return Gets New Mexico Man Maximum Penalty

Wednesday, September 14th, 2011

A 60-year-old general contractor in Tijeras, N.M., received the harshest sentence possible for filing a false tax return — three years in prison.
Robert A. Fout admitted that he concealed from the IRS income he made from his contracting work. Fout admitted he did not report $16,754 in income in 2005, $66,961 in 2006, $32,604 in 2007, and $322,195 in 2008.
As part of his plea agreement, Fout agreed to pay $153,416
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Unpaid Payroll Taxes by Florida Businessman Caused $1 Million Tax Loss

Tuesday, September 13th, 2011

Unpaid payroll taxes can lead to the downfall of your business. As a business owner, you have a duty to collect the correct amount of taxes and turn them over to the IRS. When payroll taxes go unpaid, the IRS does not mess around. The man in the article below deliberately scammed the IRS of payroll taxes and he will be paying for his crime soon.
The owner and operator of
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Tax Client Settles Back Taxes for $500, Saving $36,500

Sunday, September 11th, 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. Mark C.

Mr. Mark C. owed the IRS nearly $37,000 in back taxes. After several months of negotiations, we were able to settle his
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Tax Preparers Affected by Hurricane Irene: Taxpayers Receive Tax Relief Extensions

Sunday, September 11th, 2011

One week filing extensions have been granted to taxpayers whose tax preparers have been affected by Hurricane Irene. The extensions granted by the IRS will give tax payers and their preparers some much needed tax relief after the disaster.
Returns normally due by September 15 will be granted extension until September 22, 2011. This relief is available to taxpayers regardless of their location but does not apply to any tax payment
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