Archive for October, 2012
Wednesday, October 31st, 2012
Lately, there have been weekly warnings coming from the IRS that caution taxpayers about tax scams or identity theft schemes. Because of their pervasive nature, I feel it’s important to mention each and every one so that taxpayers can stay alert and avoid becoming victims.
The latest announcement can be found on the IRS’s Problem Alerts Page where the following text is posted:
October 2012
Don’t Fall for Phony IRS Websites
The IRS warns
Tags: Identity Theft, IRS, IRS enforcement, irs problems, IRS tax problem, IRS tax scam, phishing, Phishing Tax Scams, tax scam, tax scheme, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, IRS help, Identity Theft, Tax Scams, Tax news and tips, tax help | No Comments »
Tuesday, October 30th, 2012
Recently laid-off employees who collected severance pay will want to understand their tax obligations to prevent any payroll tax problems from occurring. A recent Wall Street Journal article by Laura Saunders titled “When Severance Pay Is Subject to Payroll Tax” discusses two conflicting federal court rulings over whether severance pay should be subject to payroll taxes and if both employee and employer are entitled to claim a tax refund. For
Tags: back tax problems, delinquent payroll taxes, IRS debt, IRS payment plan, IRS tax help, IRS tax issue, Payroll Tax Problems, tax attorney, Tax Tips
Posted in Tax Problem FAQs | No Comments »
Monday, October 29th, 2012
Late Monday afternoon, I read a Forbes article by Stephen J. Dunn titled Tax Resolution Schemes Persist and was stunned. Not because of the subject matter, but by Dunn’s inability to recognize tax resolution firms as anything other than a “scheme” to be avoided at all costs. As someone who has helped thousands of taxpayers achieve permanent tax relief since 1998, I took issue with Dunn’s limited view on tax
Tags: credible tax resolution firm, Forbes Magazine, Forbes.com, licensed tax professional, permanent tax relief, tax professional, tax resolution, Tax Resolution Schemes Persist, taxpayer
Posted in Banking & Finance, Tax Relief News, Tax Scams, tax help, tax resolution, tax resolution services | No Comments »
Monday, October 29th, 2012
Mark S. Holpe, 61, of Midlothian, Va., was sentenced to 18 months in prison and fined $40,000 for evading the payment of federal employment taxes on unreported cash wages he paid employees of Nature’s Way Landscaping. Holpe had previously pleaded guilty to evading the assessment of $326,196 of employment taxes.
Holpe worked for Nature’s Way, a residential and commercial landscaping business in the Richmond area. He was originally the president, but
Tags: cheating on employment taxes, not paying employment taxes, tax cheat, tax evasion, tax resolution services, tax scam, unreporting cash wages
Posted in Tax Problem FAQs | No Comments »
Friday, October 26th, 2012
Happy Friday! Here’s a look at tax relief news headlines we reported on this week:
Tax Scams and Schemes
Tax scams, tax schemes and identity theft are plaguing the IRS and taxpayers alike. This week’s tax scam warning advises taxpayers to lookout for an e-mail that appears to come from the IRS focused on confirming the EIN#’s of S and C-Corporations. Do not click on any links instead delete it entirely! Scammers
Tags: Back Taxes, Identity Theft, IRS issues, IRS payment plan, irs tax relief, Offer in Compromise, tax debt, tax evasion, tax liens, tax relief round up, tax resolution services, tax scam
Posted in 365 Ways to Keep the IRS at Bay, IRS payment plan, Identity Theft, Offers in Compromise, Tax Debt Help News, Tax Scams, Tax news and tips, tax help, tax resolution | No Comments »
Thursday, October 25th, 2012
Tax scams and identity theft have wreaked havoc on both ordinary citizens and the IRS. As a result, taxpayers are advised to stay alert to prevent tax problems brought on by such scams by not giving out personal information online. Earlier this month, I wrote a blog post about a Better Business Bureau tax scam warning aimed at electronic filers. While thieves are becoming more adept at making correspondence look
Tags: Identity Theft, IRS dirty dozen, phishing, Phishing Scams, Phishing Tax Scams, tax help, tax issue, tax problems, tax scam, tax schemes
Posted in 365 Ways to Keep the IRS at Bay, Identity Theft, TAX MAN TV, Tax Scams, Tax news and tips, Taxpayer Advocate, Taxpayer Rights, tax help, tax resolution, tax resolution services | 1 Comment »
Wednesday, October 24th, 2012
The president and owner of several auto parts stores in northern New Jersey was arrested and charged with structuring transactions to evade paying taxes on more than $2 million.
Emanuel Marques, 33, allegedly made more than $2 million worth of payments and deposits of less than $10,000 in order to evade taxes.
According to the government’s criminal complaint, from Nov. 15, 2005, through Feb. 13, 2012, Marques structured money order purchases and
Tags: tax evasion, tax resolution services, tax scam
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Wednesday, October 24th, 2012
If you thought you could hide under the radar with your tax debt, think again. Because the government is hurting for revenue, lawmakers in Washington are getting more creative in collecting back taxes. Their latest consideration: report IRS tax debt to credit agencies. Accounting Today recently published an article titled, IRS May Report Tax Debts to Credit Bureaus that discusses the serious thought and consideration Congress has been giving this
Tags: Back Taxes, certified tax resolution specialist, IRS debt, IRS payment plan, IRS tax debt, tax debt, tax issue, tax liens, tax problems
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS payment plan, Tax Liens and Levies, Tax Relief News, Tax news and tips, Taxpayer Advocate, income tax relief, tax help, tax resolution | No Comments »
Monday, October 22nd, 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 our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Jerry K.
When Mr. Jerry K. contacted our company, he owed the IRS over $30,000 in back taxes. After several months of negotiations, we were
Tags: IRS offer in compromise, Offer in Compromise, paying off tax debt, reducing tax debt, Tax Client of the Month, tax debt, tax resolution services
Posted in IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Client of the Month, Tax Debt Help News | No Comments »
Saturday, October 20th, 2012
This week’s Tax Spotlight video explains what taxpayers need to do before they hire IRS tax resolution firm. For those seeking tax relief, this information is important because you many choices in the marketplace, however, not all of them are good.
Since I began work in the tax resolution industry (in 1998), I have seen a rise (and fall) by some dishonest firms whose sole purpose is to mislead and deceive
Tags: BBB, certified tax resolution specialist, irs problems, tax attorneys, tax help, tax man, tax problems, tax relief, tax resolution, tax resolution services, TrustLink
Posted in 365 Ways to Keep the IRS at Bay, TAX MAN TV, Tax Debt Help News, Tax Relief News, Tax news and tips, income tax relief, tax help, tax resolution, tax resolution services | No Comments »
Friday, October 19th, 2012
Last week, California’s Franchise Tax Board released its “Hall of Shame” list of the top 500 individuals and businesses who owe the most in back taxes. According to an Associated Press (AP) article, Warwick, Seagal among those who owe Calif. Taxes, the most famous celebrity tax evaders topping the list are none other than singer Dionne Warwick and actor Steven Seagal.
Warwick, who has been delinquent since 2003 and now lives
Tags: back tax debt, back tax issues, Back Taxes, celebrity tax issues, certified tax resolution specialist, Dionne Warwick, stephen segal, steven segal, tax lien, Tax Resolution University blog
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, Celebrity Tax Woes, Tax Liens and Levies, Tax Relief News, Tax news and tips, income tax relief, tax help, tax resolution | No Comments »
Thursday, October 18th, 2012
Question: I’ve heard people talk about the Offer in Compromise, and I owe a lot in back taxes to the IRS. In fact, I’m really not sure exactly how much I owe — but I know it’s more than I can pay. How do I know if I qualify for the Offer in Compromise?
Answer: There are a couple of points I’d like to make before addressing your specific question.
My
Tags: Back Taxes, IRS debt, Offer in Compromise, paying off back taxes, Qualified Tax Professional, seeking help for back taxes, tax debt, tax filings, tax resolution services, tax revenue
Posted in IRS Question Corner, IRS Times and Inquirer, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help | No Comments »
Tuesday, October 16th, 2012
An Arizona man was sentenced to 48 months in federal prison for wire fraud and filing false tax returns.
Phillip E. Narum, 47, was found guilty at trial on the wire fraud charges and pleaded guilty to the tax charges.
According to court records, Narum was hired in 2004 as an independent contractor at Young and Sons Contracting, a family-owned and -operated construction firm in Tucson, Ariz. Between 2005 and 2008, Narum
Tags: filing false tax returns, tax charges, tax evasion, tax fraud, tax resolution services, wire fraud case
Posted in Tax Problem FAQs | No Comments »
Monday, October 15th, 2012
For those people who are scrambling to get your taxes completed for today’s extension deadline, I hope you made it through. For those who have not yet filed because of panic and overwhelm take note; doing nothing to resolve IRS back taxes only makes matters worse and more expensive over time. This is because compounded interest and penalties will accrue and any future tax refunds that will go towards the
Tags: certified tax resolution specialist, delinquent tax returns, IRS back taxes, IRS payment plan, IRS tax debt, IRS tax settlement, Offer in Compromise, tax attorney, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Filing Unfiled Returns and Replacing Substitute for Ret, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Penalty Abatement, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, tax resolution | No Comments »
Friday, October 12th, 2012
Happy Friday! Here’s a look at tax relief news headlines we reported on this week:
Tax Fraud and Tax Evasion
A California woman, Gwen Noel Luckette, 59, pleaded guilty to filing a false 2008 tax return with excessive federal tax withholdings that inflated her tax refund to $605,692 of which she was not entitled to.
Maria Eusebia Vega of Ceres, Calif., 51, was charged with three counts of filing false tax returns. Vega,
Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, IRS audit, IRS Payment Plans, substitute for return, tax attorney, tax help, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Filing Unfiled Returns and Replacing Substitute for Ret, IRS payment plan, IRS tax audit, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, tax help, tax resolution | No Comments »