Archive for January, 2012

Homeowners: Take Advantage of Available Tax Help

Tuesday, January 31st, 2012

With tax day just around the corner, many taxpayers will soon scramble to get their documents organized in order to take full advantage of all the tax breaks available to them. Of these taxpayers, homeowners have a lot to gain but to getting the tax help they need, will mean preparing the dreaded and often confusing itemized deductions.  A Fox Business Article entitled Six Tax Breaks Every Homeowner Should Know
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Misinformation on Income Tax Gets Connecticut Man Probation

Monday, January 30th, 2012

A businessman in Naugatuck, Conn., was sentenced to two years of probation for underpaying his federal income taxes.
According to court records, Augustine C. Ofili, 54, was the owner of Augustine Insurance Agency in Bridgeport.  From 2004 to 2007, Ofili underreported on his federal income tax returns the insurance commission income he received from his insurance business.  Ofili also failed to report capital gains from the sale of real estate in
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Tax Fraud Case: Business Woman Charged

Saturday, January 28th, 2012

A Dora, Ala., woman has been charged with tax fraud for her role at a medical clinic she managed and partly owned. Carol Twilley, 43, allegedly failed to account for and pay to the IRS the federal income taxes withheld and Federal Insurance Contributions Act taxes due to the United States on behalf of Horse Creek Family Medicine Inc. and its employees from November 2004 to January 2006. She faces
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False Tax Return Filed by Alabama Woman, Now Faces Prison

Friday, January 27th, 2012

Shenita Nicole James, 33, of Montgomery, Ala., pleaded guilty to preparing and filing false and fraudulent federal income tax returns. James was employed as an office manager and income tax preparer at We Finance Auto Sales in Montgomery in 2008 and 2009. We Finance Auto Sales prepared income tax returns for individuals who could choose to use their tax refunds to purchase or make down payments for automobiles.
On or about
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Friday Tax Relief Round Up: Top IRS Stories of the Week

Friday, January 27th, 2012

Its Friday, and that means time for my weekly tax news round up. Here’s a look at some of the IRS and tax related stories that caught my eye this week.
Lets begin with one of my favorite topics: Avoiding an IRS Audit.
Being audited by the IRS is no laughing matter and I want to help taxpayers avoid it whenever possible. I was very happy to be quoted in How to
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Tax Relief for Parents

Friday, January 27th, 2012

Parents of children and those with dependents should keep in mind the tax relief benefits and deductions available to them this tax season. The IRS has issued a brief reminder to all parents to keep these tax relief tips in mind as they file their 2011 taxes:

Dependents: You can start claiming a child as a dependent the year they are born, so if you gave birth to little bundle in
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IRS Cyber Scams – Protect Your Personal Information

Friday, January 27th, 2012

The IRS is issuing information to all taxpayers to stay on the lookout for fraudulent emails and correspondences claiming to be the IRS this tax season. Each year the IRS receives thousands of reports about suspicious calls, emails, faxes and notices claiming to be from the IRS. The goal of these fraudulent notices is an attempt to collect your personal information for identity theft or to take your money!
The IRS
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IRS Tax Help for Small Businesses and Self-Employed

Thursday, January 26th, 2012

As we move into tax season it is important to stay up to date and educated on the current regulations and laws surrounding taxes. By staying educated on important tax issues you can help keep yourself out of future IRS tax problems such as back taxes and tax liens.
To help make the tax process easier for small businesses and the self-employed the IRS has created a tax center on their
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IRS Tax Help for Disaster Victims

Thursday, January 26th, 2012

The National Oceanic and Atmospheric Administration (NOAA) reported 12 natural disasters in 2011 that each caused more than $1 billion in damages, ranging from Hurricane Irene, to severe wildfires, tornadoes and flooding.  As the victims of these disasters rebuild their lives from utter destruction, this tax season many are receiving IRS tax help.
USA Today’s article Tax Relief Possible for Losses in Natural Disasters reports the good news that taxpayers affected
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Dodging Taxes by Michigan Lawyer Results in 24 Month Prison Term

Wednesday, January 25th, 2012

A lawyer in Port Huron, Mich., was sentenced to 24 months in prison for tax evasion.
David Douglas Black, 49, owner of Black, Black and Black law firm also was sentenced to two years of supervised release and ordered to pay a special assessment of $100.
According to court records, during the 2004 tax year, Black diverted income from his law firm by using checks made out to him, his wife or
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How to Avoid an IRS Audit

Wednesday, January 25th, 2012

I was recently quoted in the US News World and Report on the topic of How to Avoid an IRS Audit.
As I said in the article, few Americans are subject to a second look from the IRS.   Audits are one of the few times that having an average salary is an advantage.  Only about 1.1 percent of people who file a 1040 [the most common tax return] for the
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Filing False Tax Returns Land Couple in Prison

Tuesday, January 24th, 2012

A Colorado Springs, Colo., couple were sentenced to criminal obstruction and filing false income tax returns.
Gary Neuger, 56, was sentenced to serve 24 months in federal prison, followed by one year of supervised release, along with paying $393,791.20 in restitution to the IRS. Beth Neuger, 54 and Gary’s wife, was sentenced to serve three years of probation, with the first 10 months in home detention.  She was also ordered to pay
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IRS Tax Help Basics for the Self-Employed

Tuesday, January 24th, 2012

Self-employment can be a liberating experience. You get to make your own rules, work your own hours and say goodbye to the horrors of a demanding boss. With this freedom comes responsibility and handling all your business affairs now solely rests on your shoulders, including paying your own taxes. A recent Ledyard-Patch article entitled Self-Employed? IRS Says You Should Read This reminds us that the self-employed are urged to get
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Offshore Tax Evaders Get Preferred IRS Help

Tuesday, January 24th, 2012

An article in Bloomberg entitled IRS Called Easy on Criminal Tax Evaders in Watchdog’s Critique outlines Nina Olson of the National Taxpayer Advocate’s concerns that intentional tax evaders get more IRS help than those who weren’t intending to hide money from the U.S. government. Olson warns that future IRS collection efforts could be jeopardized due to confusion over the treatment of accidental tax evaders.

The IRS sees
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IRS Offer in Compromise Saves Tax Client Over $15,000

Saturday, January 21st, 2012

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 Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Joe F.
Mr. Joe F. owed the IRS $16,000 in back taxes when he sought help.  After several months of negotiations, we were able
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