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Tuesday, August 24th, 2010
This just in–The “Tax Lady” Roni Deutch has just been sued by the California attorney general for misrepresentation of her tax relief firm’s success rate and cheating distressed taxpayers out of thousands of dollars for upfront retainer fees that did not lead to actual tax resolutions.
According to ABC news, “Deutch entices clients with television ads that make false claims.” Roni Deutch is looking at more than $34 million in damages.
We have cautioned our readers in the past about the importance of staying wary of tax relief firms who misrepresent their ability to actually solve IRS problems. Many tax resolution firms will sell you tax relief stories that seem too good to be true–and they are.
Usually, these tax resolution firms will demand a large sum of payment upfront before any work is completed. If you are dealing with a tax resolution firm that is more concerned about when and how quickly you can pay them instead of how to best provide you with tax help, you need to walk out now.
One good way to check to see if you’re working with the right tax resolution firm for you is to familiarize yourself with the Better Business Bureau’s TrustLink Community. TrustLink is the online rating community for the Better Business Bureau, so you can check to see how your potential tax relief firm is rated on this site before committing to work with them. Just be careful–BBB’s scores can be skewed by the amount of people a firm serves. If a tax relief firm has served 5,000 clients over 3 years and has 20 complaints, that’s a 0.4% failure rate, or a 99.6% satisfaction rate. This can be misleading as the BBB only tracks complaints, not resolutions. Stay informed about how to read internet reviews and use it as a tool to determine the quality of your tax relief firm, but keep in mind there are other important pieces to the puzzle.
Don’t make yourself a victim in these difficult and confusing economic times. There are many more options for tax-burdened taxpayers than ever before, but the key is in choosing a tax relief company that is ethical in its approach. This includes clearly stating the service you will be receiving as well as guidance throughout the process. It is essential to choose a tax relief professional that will be there throughout the tax relief process and be responsible and responsive to your needs, otherwise you could find yourself with extra fees for services not rendered in addition to your original tax debt, additional interest and penalties. Before choosing to seek out professional tax help, do your research. Here are some questions to ask before hiring a tax attorney or Certified Tax Resolution Specialist.
At Tax Resolution Services, we conduct a thorough in-depth interview to see if the clients qualify for an IRS tax settlement. We offer transparency and offer realistic expectations for our clients in solving their individual tax problems. This ethical and honest approach to tax resolution has helped our team achieve a 99.7% client satisfaction rate in over 9,000 tax relief cases and an IRS tax settlement rate of $0.11 on the dollar. We have a success rate that’s second to none – having saved 52 million dollars in back taxes and IRS penalties since 1998.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (888) 699-7630.
Tags: Back Taxes, certified tax resolution specialist, IRS help, irs problems, Michael Rozbruch, Roni Deutch, tax attorney, tax evasion, tax help, tax relief
Posted in Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax Relief News, Tax Scams, Tax news and tips, income tax relief, tax help | No Comments »
Tuesday, August 17th, 2010
In the featured article below, a priest learns that God wasn’t the only one watching him cheat on his taxes – the IRS was too! Tax evasion, under reporting income, or hiding income is all the same. It is a federal offense and is usually punishable by a hefty fine and prison time. I have said it on this tax blog time and again – if you are cheating on taxes, you will get caught. The more money you hide, the bigger your punishment will be. So if you owe back taxes, there is no time like the present to ask for tax help from Tax Resolution Services. Let me reiterate, we do not help you evade taxes, we settle your tax debt and help you find permanent tax relief so you can go forth with a clear conscience!
A Roman Catholic priest, Samuel R. Ciccolini, 66, of Akron, Ohio, was charged with one count of structuring financial transactions to evade reporting requirements and one count of making and subscribing to a false tax return.
The information alleges that from April 2003 to June 2003, Ciccolini, knowingly and for the purpose of evading the reporting requirements for financial transactions, made a structured deposit of $1,038,680 in U.S. currency by 139 individual cash deposits at bank branches in the Akron area.
The information further alleges that on April 15, 2004, Ciccolini willfully made and subscribed an individual tax return and verified in writing that his personal taxable income for the tax year 2003 was $101,064, whereas he then knew his actual income was $407,062.00. The information charges that the unreported taxes for the 2003 tax year was $129,432.00.
In addition to being a Roman Catholic priest, Ciccolini is executive director of Interval Brotherhood Home, a drug and alcohol rehabilitation facility.
The investigation leading to the information was conducted by the IRS and the Bureau of Immigration and Customs Enforcement.
Tax Resolution Services offers a free tax consultation by calling (888) 699-7630 or filling out this simple form on our website. Let us find a way to settle your back taxes. View our complete list of tax relief services.
Tags: evading taxes, filing false tax returns, help with back taxes, help with taxes, settle back taxes, settle tax debt, tax blog, tax consultation, tax evasion, tax relief, tax resolution services, under reporting taxable income, under reporting taxes
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Sunday, August 15th, 2010
We know that bad things can happen to good people–after all, it’s a part of life! What many taxpayers may not know is that the IRS is indiscriminately aggressive when it comes to chasing tax evaders–whether you’re a multi-million dollar celebrity or a Joe Six-Pack. It’s easy to erroneously believe that the IRS is too busy to scrutinize the “small fries” and will instead focus only on catching “The Big Ones.”
One of the worst mistakes a taxpayer can make is to underestimate the power and reach of the IRS. Tax problems can result from a number of different causes. Recently, we have seen how serious the IRS is about collecting back taxes and penalizing those who have inadvertently or deliberately evaded their tax payments.
Take the latest celebrity tax evaders roundup for example:
- Wyclef Jean Owes the IRS More Than $5 Million in Back Taxes.
The runner-up for Haiti’s president, Wyclef Jean (real name Nel W. Jean) allegedly owes the IRS more than $5.2 million in back taxes from three different states: New York, New Jersey, and Florida. Given that this is Wyclef Jean’s second financial scandal–the first being his questionable spending of the funds from the Wyclef Jean Foundation which was established to help rebuild Haiti after the earthquake, Wyclef Jean has more than a handful to deal with.
- Khloe Kardashian Officially Has More Back Than Kim–Taxes, That Is.
Owing a whopping $18,490.74 to the State of California, Khloe Kardashian is now frying in the IRS spotlight instead of bathing in the sunny California sunshine.
- Former G-Unit Rapper Young Buck’s Home Gets Raided by IRS.
The IRS raided Buck’s house on August 3rd at gunpoint to seize any possessions of his that may be applied toward the payment of his $300,000 in back taxes. The IRS let Young Buck keep his house and car, but seized personal computers, his son’s PlayStation, and the rapper’s home studio–with which he uses to make music.
The truth is, no one is safe from the IRS’s grasp – not even A-list celebrities like Wesley Snipes, Nicholas Cage, O.J. Simpson, and many others. These celebrities have faced some severe IRS charges and penalties for evading large sums of tax payments.
While it may be difficult for many taxpayers to directly relate to owing the IRS millions of dollars in back taxes, these celebrity IRS tax evasion stories still teach regular taxpayers a valuable lesson: the IRS will absolutely find you if you cheat on your taxes.
Don’t fall for the common misconception that the IRS “only goes after the big fish.” The truth is, the IRS is just as enthusiastic about going after the average folks–taxpayers like you or your neighbor.
Don’t mistake your chances of getting caught by the IRS. If you think that you may be in IRS trouble, the best thing to do is to be proactive about resolving your tax problems. Many times, the IRS penalties are much more severe if the IRS finds you before you go to them. Get tax help now if you fear that you may be next.
At Tax Resolution Services, we are dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. For more information or to receive a FREE tax relief consultation, visit www.taxresolution.com or call 888-699-7630.
Tags: Back Taxes, Celebrity Tax Woes, IRS debt, IRS help, irs problems, Khloe Kardashian, Michael Rozbruch, tax attorney, tax help, tax relief, Wyclef Jean, Young Buck
Posted in Back Taxes, Celebrity Tax Woes, IRS help, Seeking Professional Tax Help, Tax Blogs, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | No Comments »
Wednesday, August 11th, 2010
Recently, President Obama signed into law the most thorough set of changes to the American financial regulation since the 1930s, with the comment that “every American from Main Street to Wall Street has a stake in our financial system”.
The bill, called the Dodd-Frank Wall Street Reform and Consumer Protection Act places new fees and limits on the biggest banks, imposes new restrictions on the $450 trillion derivatives market, and crafts a major new consumer-protection division for mortgage and credit-card products. The main aim of signing this new law in place is to avoid and be protected against a future banking system failure, such as the one that led us into the current recession we are experiencing now. (Note: the failure of the big banks makes this the largest recession since the Great Depression.)
No surprise that such an immense bill would be rather complicated, long-winded and full of debatable and unclear areas. However, here’s a quick summary of the key new measures that will be put up in place to achieve the desired future financial protection:
* Volcker Rule will force big banks to sell hedge funds (read more about what this means here: Volcher Rule)
* New transparency, reporting and capital rules for derivatives
* Liquidation mechanism for big failing banks to minimize market impact
* Combine two bank regulators at the center of the crisis
* Create a council of regulators to watch for systemic risk
* Give shareholders more power in corporate governance and CEO pay
* Audit of the Fed’s emergency and other lending facilities
The the average American consumer these provisions sound like a good idea, albeit a bit vague and meaningless as they will indirectly affect taxpayers. But the good news is that the new Consumer Financial Protection Bureau (housed in the Federal Reserve) is aimed at addressing this by purely focusing on fighting consumer abuses in the marketplace. Specifically, it will aim to do this through four big changes affecting consumers:
-Credit Scores
-Mortgage Risk
-Credit and Debit Cards
-Financial Adviser Disclosures
You can read more about the consequences of each of these four measures, both positive and negative in the quick summary offered by GE Miller on mint.com.
In summary, taxpayers as consumers will experience greater protection from this immense new law. Specifically they will no longer have to ‘foot’ the bill for big bad banks as there will be no more bailouts. The bill is aimed to offer all around protection in the marketplace, from the big banks, small businesses and to the individual taxpayer.
Though it is a good point to mention the 2,000+ page bill goes in great depth regarding what and how it aims to accomplish this change. Keeping this in mind, the future of this bill will not reflect an immediate and overnight change. For example, the Securities and Exchange Commission, is expected to be responsible for writing 95 new rules, while the Federal Reserve would be required to create 54. This will take years to implement and as of now, it is unclear how tough the final law will be until regulators approve the hundreds of new rules required by the statute.
However, the approval of this bill is a huge triumph for Obama in his effort to ‘rein in’ Wall Street after the excesses that drove our economy to the brink of collapse in 2008. The recent government bailouts largely contributed to the growth in the federal deficit. And since the $750 billion financial bailout, the only place for the government to get revenues to pay for this is to go after non-filers and tax cheats. Congress has appropriated a record budget this fiscal year for the IRS to beef up collection efforts. They are at the highest level of brutal enforced collection than I have witnessed during in the past 11 years.
So make no mistake – the government is still intent on zeroing in on individual taxpayers as the IRS is poised to do whatever it takes to collect every penny missing from the government bank account.
Our company is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry. If you have back taxes or are seeking tax relief, visit www.TaxResolution.com or call (888) 699-7630 for a free tax relief consultation.
Tags: Back Taxes, Dodd-Frank Act, income tax relief, IRS debt, irs problems, tax help
Posted in Back Taxes, Banking & Finance, Business Services, General Business, Tax Relief News, Tax news and tips, tax help | No Comments »
Tuesday, August 10th, 2010
Leonid Zaltsberg has lived an extraordinary life. The 76-year-old from Milltown, N.J., played for the Soviet Union’s national soccer team, competed in the World Cup, and now works with Ukraine’s national team.
He’s also now part of another extraordinary group: U.S. tax cheats who’ve been convicted of evasion following the release of account information from Swiss bank UBS.
Zaltsberg pleaded guilty in New Jersey to subscribing to a false tax return, admitting that he concealed more than $2 million in a UBS account. What’s more, Zaltsberg also admitted that, as with other U.S. taxpayers who kept secret accounts in Switzerland, he did not disclose the account on the IRS’s required form, known as a Report of Foreign Bank or Financial Accounts.
For that, Zaltsberg will pay dearly. He faces up to three years in prison and a fine of up to $250,000. In addition, Zaltsberg will pay a civil penalty equal to 50 percent of his highest Swiss bank balance during the period from 2000 to 2007.
Zaltsberg’s guilty plea, his possible prison sentence and his substantial civil penalty were made possible only through a historic deal between the Swiss and U.S. governments that effectively pierced the once impenetrable Swiss banking veil.
That deal, which came with a $780 million fine to UBS for helping U.S. taxpayers evade income taxes, forces the Swiss to release the details of more than 4,450 account holders suspected of evading U.S. income taxes.
For a man such as Zaltsberg, the news is that he’s not alone. There could 4,449 others who will receive similar punishments.
But for U.S. taxpayers who may be using other means to hide their monetary assets from the IRS, Zaltsberg’s prosecution and agreement with the Swiss government should be terrifying.
Here’s why: By piercing the Swiss banking veil, the U.S. government shows its ability to take down the world’s largest offshore banking center — once long viewed as the globe’s most secure tax shelter. And now that the Swiss tax shelter has been pried opened, the U.S. government is going after tax shelters in other nations. At the top of the list are banks in Singapore and Hong Kong.
In fact, the U.S. Department of Justice is opening a criminal inquiry into Asian clients of HSBC Holdings, Europe’s largest bank.
Reuters, the financial newswire, quoted unnamed IRS officials in July saying the tax-collecting agency expects a significant amount of tax cases to come out of Asia.
Those who follow the use of offshore tax shelters say Asia benefited from Switzerland’s vulnerability, with many bank account holders moving their money to places like Singapore and Hong Kong as U.S. officials put heats on Swiss banks and government officials.
Ask yourself: Are they following your money?
Contact out special division for overseas tax evasion defense TODAY! If you are in IRS trouble for undisclosed foreign funds, call our office at (888) 699-7630 for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: FALSE TAX RETURNS, i need tax help, IRS enforcement, offshore accounts, tax advice, tax cheat, tax evasion, tax help, tax relief
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, Offshore Tax Settlements, Tax Scams, Tax news and tips, income tax relief, tax help | No Comments »
Friday, August 6th, 2010
In recent U.S. Tax Court News, Treasury Secretary Tim Geithner, who owed $34,000 in back taxes and didn’t pay all of it until Obama nominated him, was not granted penalty abatement. His defense that he relied on TurboTax to prompt him to pay his self- employment taxes was rejected and does not excuse him from penalty or errors on his tax return.
I know from negotiating cases with the IRS day in and day out on behalf of taxpayers that Geithner’s defense would not hold. The standard is the same for all Americans and ignorance of the law is no excuse.
Here’s a great example of someone who is really smart and yet still can’t seem to get it right when it comes to paying federal taxes. Even if TurboTax didn’t prompt him to pay his self-employment taxes, this is not reasonable cause for the understatement of taxes. If you’ve had a life-altering event such as divorce, business closing, severe illness, or loss of a job, you can argue that you have a reasonable cause and in certain situations, the IRS will work with you and forgive some penalties.
But blaming TurboTax for inadequate tax filings will not excuse you from paying penalties even if you are the head of the Treasury department.
At TRS, we are very successful in reducing IRS penalties for our clients in need of tax relief. We have the client complete an in-depth questionnaire and request that they submit proof or documentation that supports their good reason. We take this information and compose a legal letter, citing recent or past court cases where these verdicts were in favor of the client with the same or similar set of circumstances you have.
Generally, our penalty abatement request cases are heard and settled, in the client’s favor, at the appellate level of the IRS, as IRS personnel, at the first line of defense, are trained to just “say no”. Remember, the IRS is not in the business of writing off penalties. They are most brutal Collection Agency (and penalty happy bunch) on the planet.
If you have unfiled tax returns or other IRS problems, contact our specialized staff of tax attorneys, CPAs, EAs and tax professionals. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 888-699-7630.
Tags: Back Taxes, IRS penalties, Penalty Abatement, tax penalties, tax relief, Timothy Geithner, turbotax defense, turbotax geithner
Posted in Back Taxes, IRS Tax Cases, Penalty Abatement, Tax Relief News | No Comments »
Monday, August 2nd, 2010
If you are a taxpayer that is overwhelmed by back taxes, delinquent tax returns or interest, you may be constantly worried about the IRS knocking on your door with a collection notice. And that day may be sooner than you expect as the IRS is out to hire hundreds of new agents and using the internet to swiftly find and recruit new employees.
As the most powerful collection agency on the planet the IRS is keeping up with the times. The bureau has jumped on the social media bandwagon and is using YouTube – to recruit new graduates!
Recently the IRS launched a new YouTube playlist Working at the IRS that features IRS employees and the various jobs the bureau offers. This jobseekers playlist, “…is a great opportunity for new graduates and applicants to explore employment with the IRS and join a dedicated workforce serving our nation’s taxpayers,” says IRS Chief Human Capital Officer James Falcone.
The aim of the channel is to show applicants considering working for the IRS a first-hand account of a particular position, the agency’s work culture and a detailed breakdown of available careers. Though this may sound like a good idea to a jobseeker, it goes to show how serious the IRS is about cracking down on taxpayers with back taxes, delinquent tax returns or tax cheats - and using new channels to do so! The IRS has a record $5.5 billion budget from Congress this year to enforce tax collection and close in on tax cheats. The agency is now using mainstream YouTube to hire hundreds of new IRS agents to see these goals through.
Admittedly using YouTube to seek employees sounds like a trendy idea, but is worrisome nevertheless. The IRS boasts a wide range of jobs available to new grads and even veterans. While there are currently over 100,000 full time employees, the agency is serious about using its resources and hiring new agents – this new playlist is part of their IRS YouTube channel IRSvideos, which provides tax tips and news for individuals and businesses.
Find out more about the new IRS YouTube playlist.
While it is encouraging that potential employers are utilizing various tools and channels in recruitment during these tough economic times (and when so many people are facing unemployment), it is important to keep priorities in order. The IRS is serious about catching tax cheats and enforcing penalties for delinquent tax returns, collecting back taxes and interest. These new developments show just how serious the collection agency is. If you have back taxes or delinquent tax returns, now is now is the time to seek professional tax help! A qualified tax attorney or Certified Tax Resolution Specialist is your best solution to your IRS problems – whether coming up with an installment plan that is appropriate to your specific situation or fighting the IRS in an audit on your behalf.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. If you owe $20K or more in back taxes to the IRS, contact us today to receive a FREE tax relief consultation by visiting www.TaxResolution.com or calling (888) 699-7630.
Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, IRS debt, IRS help, IRS payment plan, irs problems, tax attorney, tax debt, tax relief
Posted in Back Taxes, IRS help, Seeking Professional Tax Help, Tax news and tips, Working with the IRS, tax help | No Comments »
Thursday, July 29th, 2010
How does that old saying go? If you can’t beat them, join them. This message is for all the people who think they can beat the IRS by cheating on their taxes, filing fraudulent tax returns or hiding their income. If I have to spell it out for you, I will. The bottom line is, you can’t beat the IRS. So you might as well join the masses of US citizens that diligently pay their taxes every year. And if you feel that you can’t pay what you owe, then you need to seek out professional tax help. For example, Tax Resolution Services has a team of tax attorneys and Certified Tax Resolution Specialists that are available to help you get tax relief. The IRS has payment plan options, a program that allows you to pay less than what you owe (Offer in Compromise) if you qualify, allows you to file delinquent tax returns, offers tax relief for innocent spouses and much more. Believe it or not, the IRS can be flexible, especially when you’ve got a tax expert guiding you through the hoops. The IRS is not flexible only when you cheat on your taxes! You can pretty much expect prison time and a hefty fine each time!
Robert L. Braddy Jr., 39, of College Park, Ga., was sentenced to two years and six months in prison for income tax evasion. He was also ordered to pay $306,906 in restitution.
Braddy was immediately remanded to the custody of the U.S. Marshals Service at the conclusion of the sentencing hearing.
According to court records, when Braddy filed his 2003, 2004 and 2005 federal income tax returns, he willfully attempted to evade a large part of the income tax he owed the United States by filing a false and fraudulent U.S. Individual Income Tax Return (Form 1040).
For each of the returns he filed, he knew that his total income and the tax due and owing substantially exceeded the amounts he reported.
Braddy under reported his income by more than $1.1 million and underpaid his income taxes by $306,906
“This defendant hid $1 million in income and cheated his fellow citizens who pay their fair share of taxes. Now he is going to prison,” said United States Attorney Sally Quillian Yates in a statement.
Braddy is not eligible for parole.
Tax Resolution Services offers a free tax relief consultation. Call 1-866-IRS-PROBLEMS (1-866-477-7762) today or fill out our online tax consultation form to get you on the road to tax relief today!
Tags: certified tax resolution specialist, delinquent tax returns, expert tax help, filing fraudulent tax return, Free Tax Consultation, hiding income from the IRS, innocent spouse tax relief, irs problems, Offer in Compromise, professional tax help, tax attorney, tax evasion, tax relief, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, Innocent Spouse, Offers in Compromise, Seeking Professional Tax Help | 1 Comment »
Sunday, July 25th, 2010
As the IRS expands audits to 6,000 companies, our tax resolution firm provides expert audit representation while helping businesses resolve potentially detrimental problems that arise from delinquent employment and payroll taxes.
The IRS is stepping up efforts to capture lost tax revenue, recently announcing it would embark on a three-year campaign to audit 6,000 businesses.
Of most concern is any business with unpaid payroll taxes and delinquent employment taxes. Failure to pay these taxes can be detrimental to businesses and is considered theft in the eyes of the IRS—and a federal offense.
The IRS is zeroing on companies that misclassify ‘employees’ as independent contractors by issuing them a 1099 instead of a W-2 to avoid reporting wages. These companies are essentially cheating the government out of the withheld portion of paychecks including social security taxes.
Trouble with delinquent employer taxes can be the downfall of many otherwise successful businesses as the IRS is very aggressive in their collection attempts for past due payroll taxes. The IRS not only has broad power to seize and liquidate, but it can also shut a business’ doors without a court order, seize equipment, intercept customer payments, and levy staggering financial penalties.
Since the IRS has prioritized business tax audits and the collection of unpaid payroll taxes and employment taxes, it has also accelerated the notice process. And if the IRS determines that employee misclassification has occurred, it can order an employer to provide benefits retroactively.
We can expect the number of IRS audits to continue to rise for small-business owners in 2010. About 25 to 30 percent of our tax-relief clients are small businesses with tax problems, so I know how important it is to avoid or quickly resolve IRS audits or other tax problems that could be detrimental to your business.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 866-IRS-PROBLEMS.
Tags: business tax audit, delinquent employment taxes, tax attorneys, tax relief, tax resolution, unpaid payroll taxes
Posted in Banking & Finance, Business Services, General Business, IRS tax audit, Tax Relief News, tax help | 1 Comment »
Thursday, July 22nd, 2010
Do you have an IRS tax audit pending? Did you know that over 50% of the referrals that the Criminal Investigation Division (CID) gets are from the IRS agents who interviews you for the tax audit? IRS tax audits are serious! Your answers from the initial audit meeting can determine your fate! Tax Resolution Services highly recommends that you seek expert tax representation before your IRS audit happens. At Tax Resolution Services, we have a team of Certified Tax Resolution Specialists and tax attorneys who have managed tax audits spanning from individual taxpayers to Fortune 50 companies. When you face the auditor, you want a Tax Resolution Specialist on your side. Tax audits may be scary, but they are intended to find those that are really cheating the IRS and others out of money. The man in the article below, for example, was most likely caught by an IRS tax audit – and he sure paid the price!
Thomas Shakespeare, 63, of Avon, Ind., was sentenced to 42 months in prison after pleading guilty to embezzling $583,270 from his employer and multiple counts of tax evasion.
From March 2002 to November 2008, Shakespeare, while working as controller for Advantage Marketing Inc., made fraudulent entries to the business’ payroll systems over this six-and-a-half-year period. These fraudulent entries allowed him to receive higher paychecks on 147 occasions, totaling more than $583,000.
Shakespeare was also convicted of five counts of income tax evasion for the tax years 2003 to 2007. He failed to file income tax returns and failed to pay taxes on the embezzled funds as well as his normal salary.
Shakespeare was also sentenced to serve two years of supervised release following his prison term and ordered him to pay $583,270 in restitution to Advantage Marketing. In addition, Shakespeare will forfeit his home, two cars and more than $40,000 in his retirement account. The amount of forfeited property is estimated to be worth approximately $200,000.
If you need tax representation for an IRS tax audit, contact Tax Resolution Services at 1-866-IRS-PROBLEMS (1-866-477-7762) for a free tax consultation. We can help you with your tax audit and many more tax relief services!
Tags: certified tax resolution specialist, expert tax representation, failing to file income tax returns, failure to pay taxes, Free Tax Consultation, income tax evasion, IRS audit, IRS audits, IRS cheat, IRS Criminal Investigation, irs problems, IRS tax audits, tax attorneys, tax auditor, tax consultation, tax evasion, tax relief services, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, IRS tax audit, Seeking Professional Tax Help | No Comments »
Monday, July 19th, 2010
You don’t have to be a tax attorney to follow the advice in the title! The IRS watches everyone, whether you know it or not, and if you are going to try to sell advice on how to conceal income from the IRS, then you might as well put a bulls eye on your head that reads “IRS Tax Cheat”! At Tax Resolution Services, we want to distinguish that we are a company that offers tax relief services, not tax-avoidance strategies! Certified Tax Resolution Specialists and tax attorneys are the backbone to our business and we have been resolving IRS problems and settling back taxes for more than a decade. If you are looking for tax relief services, call us! 1-866-IRS-PROBLEMS (1-866-477-7762). If you are looking for tax avoidance strategies, call the man in the article below – if you can find the number to his local federal prison!
A Huntington Beach, Calif., man who sold videotapes and books that promoted his strategy to use corporations to conceal personal income has pleaded guilty to using his corporations to hide income from federal tax authorities.
Dana Ray Reynolds pleaded guilty to two counts of subscribing to false tax returns for the years 2002 and 2003 and admitted that he failed to report more than $300,000 in income to the IRS in each of the years.
Reynolds, who promoted his tax-avoidance strategy through companies such as Repackaging America and Incorporating You used these companies to pay personal and family expenses. Reynolds also used the corporations to conceal assets, such as automobiles, recreational vehicles and at least one vacation home. Reynolds did not report the money taken from the corporations as income, causing tax losses of more than $80,000 to the IRS.
“To market his concealment and avoidance strategies, Mr. Reynolds highlighted his own elaborate lifestyle made possible by following the plans he developed. Now, Mr. Reynolds faces federal prison for having subscribed to false tax returns and his own misguided marketing,” said Leslie P. DeMarco, Special Agent in Charge of IRS Criminal Investigation’s Los Angeles Field Office, in a statement. Reynolds faces up to six years in prison.
Let Tax Resolution Services permanently solve your tax problems today!! We offer a free tax consultation, either by filling out the online form or calling 1-866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, conceal income from the IRS, filing false federal tax returns, IRS Criminal Investigation, irs problems, settle back taxes, tax attorney, tax cheat, tax relief services, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Tuesday, July 13th, 2010
After the deal almost fell apart, the Swiss parliament and Swiss bank UBS agree to provide data to the IRS, finally collapsing the world’s most famous tax shelter.
With an historic deal on the brink of collapse, the Swiss parliament has approved the release of banking data to the Internal Revenue Service.
The deal, brokered in the wake of a Department of Justice investigation of Swiss banking giant UBS, pierces the Swiss banking veil and destroys a tax shelter so famous it has become a common pop-culture reference.
Now, UBS is in position to release the details of 4,450 offshore account holders suspected of evading U.S. income taxes.
For UBS, the decision to release the data came with significant arm-twisting from the U.S. government. In February 2009, UBS agreed to pay the U.S. government $780 million in order to put an end to criminal charges alleging the bank helped U.S. clients evade taxes.
For U.S. taxpayers engaged in tax evasion, the agreement with UBS and the Swiss government should come as startling news.
What was once considered an impenetrable veil — a tax shelter so strong it had survived two World Wars and an international banking crisis — is no more.
The IRS will soon obtain data and information on U.S. taxpayers who have evaded taxes for years, even decades. So if you have delinquent tax returns, this concerns you.
While it’s true that Swiss banks tended to be the tax shelter of choice for the wealthiest of U.S. taxpayers, the UBS deal is just as important to those evading taxes through other means.
In short, the U.S. government’s success in piercing the Swiss banking veil should prove finally that no tax shelter is safe.
Indeed, previous actions from the IRS support that conclusion.
Before the Swiss agreement, the U.S. government brokered a deal with the major credit card companies to provide information on clients who were linking their credit cards to offshore bank accounts, primarily in the Caribbean. At the time, a common tax-avoidance scheme was to funnel money into a Caribbean account, then use it to pay credit card bills full of purchases made in the United States.
The tax evaders who employed this scheme either came forward during the amnesty period or were prosecuted, just as the UBS account holders likely will be.
With a record deficit and a slow economic recovery, the federal government has made tax collection and enforcement a top priority. This year, the U.S. Congress approved a record $5.5 billion enforcement budget for the IRS.
That means the IRS will have even more agents this year to audit taxpayers and investigate tax cheats — part of a three-year trend of putting more revenue officers on the streets.
So let’s summarize:
The IRS stopped the use of credit cards linked to offshore accounts.
The U.S. Department of Justice pierced the Swiss banking veil.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help your IRS tax problems so that you can get the IRS tax relief you need. Give us a call today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: delinquent taxes, failing to file federal tax return, irs problems, tax cheats, tax evasion, tax relief, unfiled tax returns
Posted in IRS Times and Inquirer, IRS help, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | 2 Comments »
Sunday, July 4th, 2010
The Internal Revenue Service is the most brutal collection agency on earth. Once they have you in their sights, you can count on them hounding you with IRS tax liens, IRS wage garnishments and IRS bank levies until they are satisfied that your IRS back taxes are paid. If you’ve been threatened by intrusive IRS collection tactics, it’s important that you take prompt action to delay or halt them. Check out these tips for expert IRS tax help for preserving your assets, savings, wages, credit rating and sanity.
Owing back taxes to the IRS can be a terrifying experience that can leave you feeling helpless and hopeless. Can you live on $179 a week? That is the amount you will have to live on if the IRS garnishes your paycheck because you owe back taxes.
Fortunately, a tax attorney or Certified Tax Resolution Specialist can act as both your guide and advocate for IRS tax relief. Getting expert tax help understanding IRS tax liens, IRS wage garnishments and IRS bank levies can help you delay or halt intrusive IRS collection tactics including levies on wages, assets, savings and checking accounts.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #1: Know What’s at Stake
The actual seizure action taken to collect IRS back taxes can be an IRS tax lien, IRS bank levy, or IRS wage garnishments. It can leave you financially crippled for years.
If you have received a collection notice from the government about IRS back taxes, threatening an IRS tax lien, IRS bank levy, or IRS wage garnishment, expert tax help is available if you move fast and hire the right tax attorney or Certified Tax Resolution Specialist. If you are in trouble for owing IRS back taxes, the sooner you get IRS tax relief from a tax attorney or Certified Tax Resolution Specialist the better. You will need their expert IRS tax help to get through this experience with your career, sanity and credit rating intact.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #2: Know What an IRS Bank Levy Is and What It Can Do to You
An IRS bank levy can affect your car, boat, house, wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance or commissions or any bank accounts with your name on them such as your children’s.
If you get a notice of an impending IRS bank levy, with the help of a tax attorney or Certified Tax Resolution Specialist, you still have a tiny bit of wiggle room, but the door for IRS tax help is closing fast. A professional tax attorney or Certified Tax Resolution Specialist can walk you through the process of countering an IRS bank levy with an option to resolve IRS back taxes like a proposed payment plan. This will not protect you from eventually having to pay something, but it will be on your terms and will save you the embarrassment of having to explain what happened to your kids’ college funds.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #3: Know What IRS Wage Garnishment Is and What It Can Do to You
IRS wage garnishments are crippling, and can leave you to live on literally pennies on the dollar. IRS wage garnishments that resolve IRS back taxes are filed with your employer and take typically 30-70% of your paycheck.
There is too much at stake. Once your boss knows about your IRS wage garnishment and thinks that you’ve tried to cheat the government, she might start to wonder whether you’re trying to pull a fast one on her. Your career trajectory will end up in a sink hole, and you may have to figure out how to satisfy an IRS wage garnishment on unemployment.
If you think an IRS wage garnishment is a possibility you need IRS tax help, and it is imperative that you contact a tax attorney or Certified Tax Resolution Specialist immediately. They will put together an IRS back tax payment alternative like an Offer in Compromise.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #4: Know What an IRS Tax Lien Is and What It Can Do to You
An IRS tax lien is a claim used as security for the tax debt. IRS tax liens are filed with the county clerk, and because they are public records they show up on your credit report.
IRS tax liens can tie up your personal property and real estate. Once an IRS tax lien is filed to resolve IRS back taxes, you cannot sell or transfer the property. Often taxpayers find themselves in a Catch-22 under IRS tax liens where they have property that they would like to borrow against, but because of the IRS tax lien, they cannot get a loan.
You’ll need a tax attorney or Certified Tax Resolution Specialist to get IRS tax relief and walk you through this minefield safely. The IRS will never tell you what all of your options are for IRS tax help and how to exercise them. Your tax attorney or Certified Tax Resolution Specialist has the expertise to resolve IRS back taxes with a solution like having you designated “currently not collectible.”
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #5: You Can Appeal the IRS!
If you owe back taxes and have been threatened with an IRS wage garnishment, IRS tax lien or IRS bank levy, you can file a Collection Appeal within a certain legal time frame and within the stated rules. It is assigned to an Appeals Officer who is required to make a decision within five days. Your tax attorney or Certified Tax Resolution Specialist knows exactly how to do this.
If you owe IRS back taxes, they will get you with an IRS tax lien, IRS bank levy, or IRS wage garnishment. They hold all the cards and they know all the rules. Do you? Tax attorneys or Certified Tax Resolution Specialists specialize in assisting clients in having their IRS back tax issues resolved once and for all.
If you have received threatening collection notices about IRS back taxes or an IRS tax lien, IRS bank levy, or IRS wage garnishment, do not incriminate yourself by trying to work with the IRS without advice from a tax attorney or Certified Tax Resolution Specialist. A tax attorney or Certified Tax Resolution Specialist will handle your IRS back tax communications and ensure that everything is done to make the IRS tax lien, IRS bank levy, or IRS wage garnishment go away.
For more information on achieving a tax resolution for your IRS problems, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
Tags: Back Taxes, bank levies, certified tax resolution specialist, IRS help, irs problems, IRS Wage Garnishments, tax attorney, tax liens, tax relief, Tax Tips
Posted in Back Taxes, IRS help, Tax Liens and Levies, Tax news and tips, tax help | No Comments »
Friday, June 18th, 2010
This week the Swiss parliament accepted a treaty with the United States, agreeing the terms which would have UBS, Switzerland’s largest bank, disclose the names of 4,450 American account holders suspected of tax evasion to the IRS. This decision comes after a three year battle between U.S. tax authorities, the IRS and the Swiss bank over the bank’s involvement in allowing American clients to cheat the tax system by hiding millions of dollars in offshore accounts.
The current tax laws require taxpayers to report all income from domestic and foreign sources – failing to do so whether intentionally or unintentionally is a form of tax evasion and could be financially crippling.
If you have funds overseas, particularly with UBS and have not yet disclosed them to the IRS, now is the time to do so. I cannot emphasize enough how important it is for you to be completely honest with the IRS and go to them before they get to you. And they are certainly coming after UBS’s clients!
Yesterday, as Switzerland agreed to disclose the names of 4,450 UBS clients suspected of tax evasion, U.S. citizens holding accounts with UBS found themselves racing against the clock to voluntarily disclose their secret account holdings to the IRS. The IRS and tax firms are finding their phone lines busy with frantic taxpayers fearing IRS prosecution.
The panic comes with the announcement that account details could be disclosed to the IRS as early as this week. IRS Commissioner Douglas Shulman stated once the Swiss authorities transmit the information, “We will immediately follow up on the information we receive from the Swiss and we will vigorously enforce the laws against those who have attempted to evade their tax responsibilities by hiding their assets offshore.”
The IRS are not joking about going after tax cheats. Last year, they offered a temporary reduction of penalties in exchange for voluntary disclosures. The taxpayers that did not take up this offer are now scrambling to seek advice on how to avoid sanctions, such as criminal prosecution, seizure of their Swiss accounts, further penalties and prison sentences.
Swiss authorities have already disclosed the names of 400 UBS clients who took up the IRS’s voluntary disclosure program.
Where You Stand
16 UBS clients have already been charged with tax crimes. About 150 other Americans are under criminal investigation as reported by the Justice Department, last year. Clearly the IRS is set on pursuing American taxpayers that have so far cheated the system by failing to disclose these foreign accounts. The time to avoid disclosure has run out, as this week’s decision has shown. However, there is still the opportunity to avoid prison if you ACT NOW.
This is a complicated matter and you need expert tax help from professionals with specific expertise and experience with offshore tax evasion defense. Seeking tax attorney representation will ensure all communications with the IRS is done on your behalf by a Certified Tax Resolution Specialist, who will fight on your behalf and make all required disclosures, file FBAR reports and mitigate your risk of prison sentencing.
What you can do:
We have a special division for FBAR reporting and compliance, led by the nation’s top offshore tax evasion defense expert Brian Compton, who is ready to help you with your IRS tax problems.
Contact out special division for overseas tax evasion defense TODAY! If you are in IRS trouble for undisclosed foreign funds, call our office at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, FBAR, Fbar reporting, Free Tax Consultation, IRS debt, IRS help, irs problems, offshore tax evasion, offshore tax evasion defense, offshore tax settlement, tax attorney, tax attorney UBS, tax evasion, tax expert, tax help, tax resolution, tax settlement, ubs irs help
Posted in Back Taxes, Expert Help From Tax Attorney, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | No Comments »
Thursday, June 17th, 2010
Cheating on taxes is no laughing matter. I blog about tax cheats again and again and guess what they all have in common? Prison! The IRS is not lenient on tax cheats and as a Certified Tax Resolution Specialist, my best advice is to not cheat on your taxes in the first place! I can’t tell you why people cheat on their taxes, but I can say that if you are feeling overwhelmed by your current taxes, or your back taxes, penalties and interest, or they’ve issued a tax lien on you or your business, then you need to seek professional tax help. At Tax Resolution Services we deal with tax problems, such as back taxes and tax liens, every day. We will take an in-depth look at your tax problems and present ways to resolve your tax problems that will work for you and the IRS. Tax Resolution Services offers a free tax relief consultation – simply by filling out the online form or calling us at 1-866-IRS-PROBLEMS (1-866-477-7762). Resolve your tax problems today and you’ll find these tax comics funnier than ever!
Tags: Back Taxes, certified, cheating on taxes, fee tax relief consultation, Free Tax Consultation, professional tax help, resolve your tax problems, settle back taxes, tax cheats, tax consultation, tax evasion, tax help, tax liens, tax resolution services
Posted in IRS Humor, IRS Times and Inquirer, Seeking Professional Tax Help, Tax Humor, Tax Relief News, tax help | No Comments »
