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Thursday, September 2nd, 2010
What is more stressful than owing the IRS back taxes? How about owing the IRS back taxes that your spouse or ex-spouse incurred without your knowledge? In the U.S., if your spouse owes the IRS money, it automatically means you share the burden and liability to pay it back. Fun, right?
So how do you exonerate your IRS liabilities when you had nothing to do with the back taxes that your spouse owes? The good news is the IRS does offer an escape for qualified people under the Innocent Spouse Tax Relief option.
Read on for some basics of how to settle your tax liability with the Innocent Spouse Relief:
What is the first step I need to take to obtain Innocent Spouse Tax Relief?
You will need to file Form 8857, a Request for Innocent Spouse Relief with the Internal Revenue Service. Once you file for an Innocent Spouse Claim, the IRS will send you a questionnaire for the purpose of verifying the validity of your story.
It’s a good idea to consult with an experienced tax attorney or Certified Tax Resolution Specialist to help you through the process of sharing your financial information in innocent spouse cases as well as help you craft any additional letters or documentation that will bolster your case.
Once everything is filed, it may take as long as six months for the IRS to contact your former spouse, review the evidence, and render a decision.
Can I file for innocent spouse tax relief without informing my former spouse?
Unfortunately, there is no way to seek innocent spouse tax relief and circumvent a former spouse. In this case, former spouse is defined as officially divorced, legally separated, widowed, or living in a separate household for a 12-month period with no expectation of their return.
The IRS is bound by law to inform the other party of the proceedings, regardless of your history with him or her, or the reasons behind the divorce.
Some victims of domestic violence choose an Offer in Compromise Doubt as to Liability process instead of an innocent spouse defense for resolving their back taxes. Ask your tax attorney or Certified Tax Resolution Specialist about all of your options so you can choose the path that is best for you.
My former spouse has already filed a Form 8857, Request for Innocent Spouse Relief. Can I file one, too?
Yes, both spouses may file for innocent spouse relief for the same year’s tax liability.
Continue reading Innocent Spouse Tax Relief FAQs here.
Bottom line is, don’t get stuck paying for your spouse’s mistake when you didn’t know about it in the first place. Free yourself from this serious tax burden through Innocent Spouse Relief and move on with your life without IRS tax problems.
If you need expert tax help, don’t hesitate to pick up the phone and call a tax attorney or Certified Tax Resolution Specialist. At Tax Resolution Services, we are dedicated to providing affordable expert tax help to taxpayers like you so that you can live your life without the stress and anxiety of tax problems. Call us today at (888) 699-7630 or visit www.TaxResolution.com for a free tax relief consultation.
Tags: Back Taxes, Free Tax Consultation, innocent spouse FAQs, innocent spouse from tax charges, innocent spouse tax relief, IRS debt, IRS help, Michael Rozbruch, tax attorney, tax help, tax relief options
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Innocent Spouse, Tax news and tips, tax help | No Comments »
Thursday, September 2nd, 2010
There’s been a lot of confusion about what is and what is not in the Patient Protection and Affordable Care Act — otherwise known as President Barack Obama’s health care reform.
Of course, despite the rumor mongering that goes so well with contact politics, there aren’t death panels. But there is a big change to the way you do business and pay your taxes.
The U.S. Congress used the Patient Protection and Affordable Care Act to legislate a new tax-reporting requirement for companies. Here’s the kicker: If your business purchases goods or services valued at more than $600 from any other company or entity, you will be required to report the expenditure to the IRS and the vendor by using a Form 990-MISC.
In essence, this new requirement, which will be in effect for purchases made in 2012, forces companies to snitch on their vendors, informing the IRS of revenue streams as tiny as $600. Before we discuss whether this is effective tax enforcement policy, consider the practicality of the law: Do your have the time, and does your business have the resources, to file forms for each and every vendor to whom you pay $600 or more every year? The American Institute of Certified Public Accountants is betting the answer is no.
In July letters to the U.S. Senate and House of Representatives, Alan Einhorn, chairman of AICPA’s Tax Executive Committee, asked the government to repeal this new requirement.
“This expansion of information reporting may prove to be so burdensome to small businesses that we believe it will significantly contribute to hurdles to growth and formation that businesses face,” Einhorn wrote.
In creating this new requirement, the government’s logic here is pretty simple: Companies will have difficulty underreporting income if all transactions above $600 are reported to the IRS.
But with companies receiving hundreds, if not thousands, of 990 forms every year, how can the reporting requirement work effectively when it’s surrounded by a new paperwork tsunami? In his letter, Einhorn described any annual reconciliation process as “mind numbing.”
He wrote: “The AICPA strongly supports the efforts to reduce the tax gap, but we believe the extraordinary burden in this instance far outweighs the potential benefit.”
Given the budget crunch the federal government faces, it’s not shocking Congress is looking to close that tax gap. But a policy such as this one — which is not only impractical but also pits businesses against their clients — has the potential to overburden U.S. companies at the same time these companies are struggling in an ailing economy.
Putting aside the practicality of this requirement, you as a business owner must prepare yourself for your new tax-reporting obligations. New tax requirements means more ways in which the IRS can penalize you for failure to report cash flow. Arm yourself with the knowledge of what you must do in order to protect the well-being of your business.
At Tax Resolution Services, Co. we are dedicated to providing affordable tax help 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: certified tax resolution specialist, Free Tax Consultation, Patient Protection and Affordable Care Act, small business tax advice, small business tax help, tax advice, tax attorney, tax help, tax resolution
Posted in Expert Help From Tax Attorney, IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, tax help | No Comments »
Tuesday, August 31st, 2010
Struggling taxpayers who owe fortunes in back taxes may be skeptical when they hear that the IRS would discharge their debt for less than the amount owed if the qualify for the IRS Offer in Compromise program.
If Gregory T. was a skeptic before, he is a believer now. He owed the IRS $91,000 in back taxes and sought tax help through our tax experts at Tax Resolution Services, Co. After negotiating with the IRS on Gregory’s behalf, we ultimately settled his debt for just $4,600.
To understand why the IRS might be willing to accept less than you owe as part of a compromise offer, it’s important to understand the IRS’s position and mentality. The Offer in Compromise in many ways allows the IRS to collect more tax revenue now than the more aggressive tactics like liens and levies may net them in the future.
The IRS accepts Offer in Compromise submissions on three grounds: doubt as to whether it can collect the tax debt, doubt as to whether an assessed tax liability is correct and special circumstances by which collection of the tax debt would create a critical economic hardship or be unfair and inequitable.
There are over 650,000 CPAs in this country, and less than one tenth of 1% are qualified as Certified Tax Resolution Specialists to handle your problem. Over half of our clientele has started out with their own CPA or tax attorney only to find themselves hung out to dry.
Gregory, a taxpayer from Los Angeles, Ca. states, “TRS was able to negotiate a settlement for me where I only paid 5 cents on the dollar. TRS did an amazing job. I always felt that TRS had my best interests at hand.”
At Tax Resolution Services, Co. we are 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, IRS debt, IRS help, irs problems, Offer in Compromise, tax attorney, tax help, tax relief
Posted in Back Taxes, IRS help, Offers in Compromise, Tax Client of the Month, tax help | No Comments »
Tuesday, August 31st, 2010
Did you know that one in six Americans has a tax problem? You are not alone! Tax Resolution Services will help you find a tax solution that fits you. We have a 99.7% client satisfaction rate and have settled thousands of cases for an average of $0.11 on the dollar, saving clients in excess of $52 million. You read that right! Don’t wait any longer – contact Tax Resolution Services today – (888) 699-7630! Read on for more information on tax relief solutions!
Question: I know you’ve said not everyone qualifies for the Offer in Compromise. So be honest with me: I have tax debt, and if I don’t qualify for the Offer in Compromise, what are my options?
Answer: That’s a good question. The answer is, even if you do not qualify for the Offer in Compromise, you have options.
First of all, for readers who are unfamiliar, I should explain the Offer in Compromise. This is an IRS program created to allow the government to work with indebted taxpayers who cannot, for whatever reason, pay off their tax debt, even over time. For taxpayers who qualify for this program, the IRS will often agree to a compromised settlement amount — hence the name “Offer in Compromise” — that will do away with the debt once and for all, often for much less than you owe. But as the questioner accurately states, not everyone with tax debts qualifies for the program.
But as I said, there are other options. If you owe a substantial amount to the IRS, the first thing you should do is consult a qualified tax professional. He or she will review your previous years’ tax returns and determine exactly how much you owe. Oftentimes, this process can result in a substantial tax savings, and besides, why begin negotiations with the IRS claiming you owe more than you do?
Now, once you have your accurate debt amount in hand, you and your qualified tax professional can negotiate directly with the IRS. Besides the Offer in Compromise, one of the best programs is the Installment Agreement. This program is designed for taxpayers who owe a substantial sum but cannot pay off the debt immediately. In these cases, the taxpayer works out a monthly IRS payment plan with the IRS that allows for the debt to settled over time, without significantly affecting the lifestyle of the taxpayer. If your daughter is in college, for example, you don’t have to worry about pulling her out to pay the IRS.
Tags: Installment Agreement, IRS payment plan, IRS tax program, negotiating with the IRS, Offer in Compromise, Qualified Tax Professional, review tax returns, tax debt, tax problem, tax resolution services, tax savings
Posted in Ask the Expert, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »
Monday, August 30th, 2010
Taxpayers blindsided by back taxes after losing their homes to foreclosure in many cases can qualify for tax relief. For the many Americans who have lost their homes to foreclosure, a nasty and expensive surprise may be waiting. The IRS may choose to pursue them for back taxes relating to the foreclosure, which, for tax purposes, may be treated like a sale. The IRS may deem the foreclosure a form of debt cancellation, which potentially renders it taxable income.
For those who have already suffered the loss of their homes due to their inability to pay the mortgage, being hit by the IRS for sometimes tens of thousands of dollars in back taxes is an unsustainable blow.
The good news is that many Americans facing tax issues related to foreclosure can find tax relief. And getting professional tax help can assist taxpayers in determining liability, finding all viable options for resolving tax debt, and negotiating with the IRS to reach an acceptable settlement for their back taxes, whether through establishing an installment payment plan or achieving an Offer in Compromise for less than the amount owed.
Many taxpayers do not realize is that debt cancellation—where a lender cancels or forgives some or all of a debt—may be considered income under certain circumstances. Oftentimes, taxpayers are unsure what the tax consequences of a foreclosure may be—until they receive a letter from the IRS outlining their tax obligations.
As a taxpayer, it is extremely important to be aware of whether or not your cancellation of debt income will be deemed taxable by the IRS; otherwise, you may have some hefty IRS back taxes adding up in your name. It may be necessary for you to seek the advice of a Certified Tax Resolution Specialist or tax attorney to guarantee that your cancelled debt is being properly addressed as well as help you qualify for tax relief if necessary.
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, Installment Agreement, IRS help, Offer in Compromise, tax attorney, tax attorneys, tax help, tax relief, tax resolution
Posted in Back Taxes, IRS Installment Agreements, IRS help, Offers in Compromise, Tax Resolution Options and Alternatives, tax help | No Comments »
Saturday, August 28th, 2010
In recent tax relief news, the Seventh Circuit Court of Appeals ruled that the IRS can continue to apply the two-year deadline for taxpayers looking to file for “innocent spouse” relief. Basically, this treasury ruling upholds that taxpayers claiming innocent spouse tax relief must make their claims within 2 years of the IRS’s commencement of collection action.
What is meant by an “innocent spouse”?
Answer: When you and your spouse file a joint tax return, both of you are therefore “jointly and severally” liable for any taxes due. Many married taxpayers do this because of certain benefits this filing status allows. If you did so, you may be held responsible for monies due, even if your spouse earned all of the income. And this is true even if a divorce decree states that your spouse will be responsible for any amounts due on previously filed joint returns.
However, if you qualify for Innocent Spouse Relief, you may not have to pay the tax, interest, and penalties related to your spouse (or former spouse).
For example, if it is later shown that one spouse had unreported income, the other spouse may try to escape civil and/or criminal liability for the tax on that unreported income under the “innocent spouse” rule. To claim this protection, the innocent spouse must neither have known about the understated income (or other tax) nor could have reasonably known about it.
The “innocent” spouse not only avoids tax liability but also provides a safe harbor for the family assets.
How does this affect taxpayers?
Fellow tax blogger, Paul L. Caron (Tax Prof) points out that the previous court ruling followed the statute in not imposing a deadline for ‘innocent spouse’ filing. However, this new court decision puts in place a two year deadline (from commencement of the IRS’s collection) for claiming for innocent spouse relief. This shows the IRS’s push for a deadline for this tax relief option.
Judge Richard A. Posner writes, “The Tax Court’s basic thought seems to have been that since some statutes (in this case, some provisions of a statute) prescribe deadlines, whenever a statute (or provision) fails to prescribe a deadline, there is none. That is not how statutes that omit a statute of limitations are usually interpreted. Courts ‘borrow’ a statute of limitations from some other statute in order to avoid the absurdity of allowing suits to be filed centuries after the claim on which the suit was based arose.”
To read more about this ruling, read the full article or for thoughts and views on the ruling, check out the Tax Prof’s blog.
This reserved ruling shows the IRS’s persistance and strictness in regulating collection of taxes, back taxes and delinquent tax returns. As the most fierce collection agency on the planet, the IRS is serious in its pursuit of delinquent tax returns and taxpayers’ tax debts. If you are a taxpayer who has back taxes, interest and penalties over your tax problems, you need the help of an expert tax attorney or a Certified Tax Resolution Specialist. If you’ve decided to seek the tax relief you need, give yourself a peace of mind by knowing your tax problem, no matter how serious, is taken care of in an efficient and professional manner. If you feel the innocent spouse tax relief could be a viable option for you, contact our expert team of tax attorneys and specialists or read more on our innocent spouse page.
Tax Resolution Services, Co. is 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 innocent spouse tax relief consultation, visit www.TaxResolution.com or call (888) 699-7630.
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, Innocent Spouse, IRS debt, IRS help, irs problems, tax attorney, tax debt, tax expert, tax help, tax relief
Posted in Back Taxes, IRS help, Innocent Spouse, Tax Debt Help News, Tax Help Definitions, Tax Relief News, Tax news and tips | No Comments »
Saturday, August 28th, 2010
Most of us think that the IRS watches movie stars or politicians or people in the public eye more closely, but that is not necessarily true! The IRS watches everyone, so don’t be surprised if – boom! - the IRS files a tax lien against you because you owe them money! Whether you are rich and famous or a hard-working American, you must pay your fair share of taxes. If you feel overwhelmed by your current taxes, or want to settle back taxes, then seek out professional tax help to find tax relief. Unbeknownst to many people, there are tax relief options that won’t put you in the poor house! Contact Tax Resolution Services for a free tax consultation (888) 699-7630 and, rest assured, we will take your IRS problems off your dining room table and into our offices to get you a tax resolution!
In the meantime, enjoy our tax comic of the month:
Tags: Free Tax Consultation, IRS Humor, settle back taxes, tax comic, tax funny, Tax Humor, tax lien, tax resolution, tax resolution services
Posted in IRS Humor, IRS Times and Inquirer, Tax Humor | No Comments »
Thursday, August 26th, 2010
Another case of the rich and famous owing back taxes to the IRS! In recent news, California’s lieutenant Governor, Abel Maldonado’s family paid $111,146 in back taxes to the IRS last month, after the government placed a tax lien on the business, the family farm.
The governor’s father and brother paid the back taxes sum, though stating they were doing so “under protest” as they were disputing the charge. According to the LA Times the dispute involves the use of a dozen Ford pickup trucks driven by the company officers, including Maldonado’s family. The federal government argued the trucks were being used as personal vehicles and demanded that the company pay taxes on them like other forms of employee compensation.
The Maldonado company argues that the trucks were being used for business purposes, though paid the IRS bill to avoid further bad publicity for Maldonado, who was appointed lieutenant governor by Gov. Arnold Schwarzenegger.
This case illustrates that no matter how powerful of a position you may hold, the IRS can always find you. And if you have delinquent tax returns or owe back taxes, rest assured that the IRS will come after you.
One way the IRS can seek collection of back taxes owed is through your businesses or personal assets. They can file a tax lien, a statement alleging you have tax debt. This legal document can harm your credit report and can be filed against your property or in the case of Maldonado’s family, the family farm business. Tax liens can also be filed against your home, preventing you from selling it as an asset until the lien if paid off entirely.
Don’t put yourself, your home of business in a vulnerable position! If you owe back taxes and fear you may have a tax lien placed against you, seek professional tax help now. It is best to resolve your tax debt now rather than wait until it escalates and the government takes actions against you! A specialized tax attorney or Certified Tax Resolution Specialist can assess your specific situation and tailor a solution best suited for getting you tax relief fast, including an Offer in Compromise or an IRS Installment Agreement among several repayment options.
If you have IRS problems, including back taxes or a tax lien placed against you, you can get tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Tax Resolution Services is a dedicated team of tax experts who are here to help you. Call our office today at (888) 699-7630 or visit www.taxresolution.com for a free tax relief consultation.
Tags: abel maldonado, Back Taxes, IRS enforcement, IRS help, irs problems, Offer in Compromise, tax attorney, tax debt, tax lien, tax relief
Posted in Back Taxes, Business Services, Celebrity Tax Woes, IRS Tax Cases, IRS help, Tax Liens and Levies, Tax news and tips, tax help | No Comments »
Wednesday, August 25th, 2010
I am honored to announced that Tax Resolution Services was named on Inc. magazine’s 2010 list of the 5,000 fastest-growing private companies in the country. Our excellent team earned the position of 1,691 on Inc’s annual rankings honoring the significant accomplishments, contributions, and creativity of the nation’s top businesses and entrepreneurs. We also ranked #89 in our industry for financial services, and #93 in our hometown of Los Angeles.
I attribute our team’s rapid growth and success to an unfaltering commitment to providing the highest level of service and support to taxpayers, as well as our ongoing dedication to educating the public on tax resolution strategies and solutions.
We know that IRS problems can cause an immense amount of fear and anxiety, and our mission and passion is to provide tax help to those who feel hopeless against the IRS.
Since TRS was founded in the mid 1990s, we’ve experienced meteoric growth and have helped to revolutionize the tax debt relief industry. Since 1998, our expert team of tax attorneys, Certified Tax Resolution Specialists and CPAs at TRS has saved taxpayers across the nation more than $52 million dollars in back taxes and IRS penalties, while helping thousands of Americans permanently resolve their federal and state tax collection problems.
We are honored to be recognized on the prestigious Inc. 5000 list of America’s Fastest Growing Companies. As a result of heightened IRS enforcement, we’ve seen a dramatic growth in the tax debt relief industry. This achievement puts us among an elite group of top-tier businesses and further distinguishes us as the premier firm Americans need to turn to for reliable and expert tax relief services as well as an exceptional customer experience.
I am looking forward to traveling with my wife to Washington, DC on October 2, 2010 to celebrate with our fellow award winners at the Inc. 5000 conference.
Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc.com/inc5000/2010/index.html
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 have 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, Inc. 5000, IRS debt, IRS help, IRS problem solver, irs problems, Michael Rozbruch, tax attorneys, tax expert, tax help, tax resolution, tax resolution services, tax relief
Posted in IRS help, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, tax help | No Comments »
Tuesday, August 24th, 2010
If you are applying for tax relief through the IRS Offer in Compromise settlement program, there are Seven Deadly Sins that you must avoid committing to successfully resolve your IRS problems. Find out how to protect yourself from committing these deadly sins so you can successfully get out of back taxes Purgatory to achieve tax relief salvation.
While the IRS is more determined than ever to enforce collection activity for back taxes owed, the IRS Offer in Compromise program can help taxpayers who are experiencing significant financial problems get a fresh start, if they qualify.
However, it is important to note that the IRS Offer in Compromise acceptance rate is less than 23% (less than one in four will be accepted) when a taxpayer prepares, submits, and negotiates his/her offer without professional expert representation. On the other hand, hiring professional tax help to negotiate a settlement with the IRS on your behalf can greatly increase your chances of qualifying for a tax relief settlement. Learn more about Offer in Compromise FAQs here.
An experienced tax attorney or Certified Tax Resolution Specialist (which can only be an attorney, CPA or Enrolled Agent) can help you qualify for this program by analyzing your current financial situation.
While taxpayers may always represent themselves before the IRS, many taxpayers find dealing with the IRS frustrating, time-consuming, intimidating or all of the above. Whether you hire professional tax help or go up against the IRS on your own, check out these Seven Deadly Sins of the Tax Relief that you will want to avoid when applying for an Offer in Compromise.
Tax Relief Deadly Sin #1: Failing to file a tax return when due, without extensions, during the offer process.
The IRS does not make a habit of bailing people out with tax relief for back taxes owed. They want you to know that this is a one-time aberration on your part and that for the rest of your life you will file and pay your taxes on time. In order to help convince them of your good intentions, it is crucial to file all subsequent tax returns on time.
Tax Relief Deadly Sin #2: Failing to pay any taxes when due during or after submission of your offer.
See Deadly Sin #1. The IRS won’t take you seriously if you flake on payments during the Offer in Compromise process. If you are serious about resolving your tax debt, you need to show that you will fully comply with the tax laws without further delinquencies.
It is also important to note that the IRS requires future compliance for a period of five (5) years from the date of acceptance of the Offer In Compromise, or until the offered amount is paid in full, whichever is longer. Compliance is the timely filing and paying of all required returns and taxes when due.
Tax Relief Deadly Sin #3: Hostility toward anyone at the IRS.
Remember that old saying, “You catch more flies with honey than with vinegar?” No one likes a sycophant, but treating any IRS employees you encounter with courtesy and respect will help keep your back tax relief, process moving smoothly.
Your experience will not be with the IRS per se. Your experience will be with an individual who may like or hate giving taxpayers deals. We see this behavior every day. Remember, you can’t pick who you want to evaluate and handle your offer; it is simply the luck of the draw. So it’s best to keep your cool during the process.
And if you are represented by a tax problem resolution specialist, make certain that the Service Agreement or Contract for Services indicates that the fees paid include representing you at Appeals, as your OIC has a good chance of being rejected by the first IRS employee charged with evaluating it.
Tax Relief Deadly Sin #4: Misrepresenting your financial position in any way on any document.
The taxpayer bears the burden of proof to show exceptional circumstances exist such that collection of the full amount of IRS back taxes would create economic hardship or where compelling public policy or equity considerations provide sufficient basis for compromise.
Attempting to lie, fib, misrepresent, omit, equivocate, dissemble, or otherwise tell them an untruth will not win you an Offer in Compromise and may even land you bigger trouble than when you started the process. All documents you sign are signed “under penalty of perjury.”
Tax Relief Deadly Sin #5: Failing to meet a deadline the IRS or a tax attorney or Certified Tax Resolution Specialist gives you.
If the IRS – or your tax attorney or Certified Tax Resolution Specialist – gives you a deadline, you need to honor it. Give yourself a cushion of time to find that old bank statement or fill out that tax help form. You don’t want to have to drive 50 miles with a sick kid in the back of your car to make the midnight FedEx deadline in the nearest big city.
Tax Relief Deadly Sin #6: Misleading or deceitful statements, material omissions and non-disclosure to anyone at the IRS in verbal, written, electronic, or any other format.
Again, if you don’t play by their rules, they won’t play tax relief ball with you at all. Don’t fool yourself by thinking your rolled up stack of Ben Franklins is safely tucked away in an old coffee can at the back of the garage or in a numbered Swiss account. The IRS already knows every money-hiding trick in the book, and they will uncover all of your financial secrets.
Tax Relief Deadly Sin #7: Refusing, declining, avoiding requests for information or documents.
They’re going to find out all of your back tax secrets anyway, so you might as well be upfront about them. Better to rip off a bandage quickly, as it were, and start the process of resolving your tax problems once and for all.
There are all kinds of complications to getting a successful offer accepted at a low dollar amount, and a tax attorney or Certified Tax Resolution Specialist handles all aspects of the process, so you don’t have to. In addition to navigating the IRS process to resolve your back taxes, a tax attorney or Certified Tax Resolution Specialist will look for ways to legitimately further reduce your tax debt so you aren’t obligating yourself to pay a penny more than you have to.
When you hire a tax attorney or Certified Tax Resolution Specialist to get IRS tax relief, you immediately relieve yourself of the stress of ever having to talk to the IRS again. You also deprive them of one of their biggest weapons. The IRS loves it when they get to talk directly to the taxpayer. The IRS wants to get the maximum payment for back taxes out of you, and will not treat you as fairly as they will if you have the protective shield of a professional tax attorney or Certified Tax Resolution Specialist representing you.
The IRS is not consistent in its treatment of taxpayers. A tax attorney or Certified Tax Resolution Specialist deals with these tax relief inconsistencies every day. They know when to ask for the manager, and the manager’s manager, when to appeal, whether to withdraw your offer (and potentially re-submit it), or whether to accept a counteroffer to get you the best settlement possible.
To learn more about Offer In Compromises, visit our IRS Offer In Compromise Application Questions page, and learn about the Offer In Compromise Evaluation Process in order to understand the Offer in Compromise Eligibility and Determinations.
For more information on achieving a tax resolution for your IRS problems, visit www.taxresolution.com for a free tax relief consultation or call (888) 699-7630.
Tags: certified tax resolution specialist, Installment Agreement, IRS help, Michael Rozbruch, Offer in Compromise, tax attorney, tax help, tax resolution services, tax settlement
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, tax help | No Comments »
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 »
Sunday, August 22nd, 2010
Earlier this year, the Internal Revenue Service began employment tax audits of approximately 6,000 U.S. companies to provide statistical data for the National Research Program study of employment tax compliance.
During this process, the IRS is also prioritizing the collection of unpaid employment taxes from both businesses big and small. This means no one is safe from IRS audits as Uncle Sam zeros in on randomly selected companies and individuals in order to take back what he’s owed.
The IRS estimates that companies underpay employer taxes by $14 billion each year. The IRS is selecting 2,000 companies at random each year for the next three years and putting their most experienced agents on the task to step up their increasingly aggressive collection efforts for unpaid payroll taxes.
Businesses that owe past due employment taxes need to be aware that the IRS has unyielding power and authority to seize and liquidate, as well as shut a business’ doors without a court order, intercept customer payments and assess staggering financial penalties.
The IRS is slated to select the second 2,000 employers at the end of 2010, so we can expect the number of IRS audits to continue to rise for business owners, many of whom may struggling in this current economy. Our team at Tax Resolution Services helped businesses across the nation get payroll tax help and permanently resolve their employment tax debt problems, so I can’t emphasize enough to business owners the importance of getting expert representation for business tax audits to protect the future of their companies before it’s too late.
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, business tax relief, certified tax resolution specialist, Free Tax Consultation, IRS debt, IRS help, irs problems, tax attorneys, tax expert, tax help, tax relief, tax resolution, unpaid employment taxes, unpaid payroll taxes
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Payroll Tax Problems, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, tax help | No Comments »
Friday, August 20th, 2010
Earlier this year, the Internal Revenue Service began employment tax audits of approximately 6,000 U.S. companies to provide statistical data for the National Research Program study of employment tax compliance. The IRS is also prioritizing the collection of unpaid employment taxes from both businesses big and small – and putting their most experienced agents on the task.
As the IRS is stepping up their increasingly aggressive collection efforts for unpaid payroll taxes, no one is safe as Uncle Sam zeros in on randomly selected companies and individuals in order to take back what he’s owed. The IRS is slated to select the second round of 2,000 employers at the end of 2010, so we can expect the number of IRS audits to continue to rise for business owners, many of whom may be struggling in this current economy.
Find out what you can do if you have payroll tax problems and owe the IRS delinquent employment taxes.
At Tax Resolution Services, we’ve helped individuals and businesses across the nation get payroll tax help. If you have employment tax debt problems, I can’t emphasize enough how important it is to get expert representation in business tax audits to protect the future of you company before it’s too late.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. Call our office at (888) 699-7630 for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: business tax audits, delinquent employment taxes, employment tax audits, employment tax compliance, payroll tax help, Payroll Tax Problems, tax attorneys, unpaid employment taxes, unpaid payroll taxes
Posted in IRS help, IRS tax audit, Payroll Tax Problems | No Comments »
Thursday, August 19th, 2010
After news broke last fall that the Swiss Bank, UBS was under attack for hosting undeclared, offshore accounts and holding seminars educating Americans on “overseas tax reduction strategies”, the Internal Revenue Service has now devoted a specific department focusing on individuals worth $10 million or more in assets, Multinational and International corporations participating in transfer pricing among other avenues potentially evading millions of U.S. tax dollars every year. Anyone that believes they might owe back taxes for undeclared, offshore accounts or believes they might need tax relief after meddling with what the IRS has set out to discover will require immediate tax help to avoid possible prosecution and extreme penalties!
The New York Times recently released an article discussing the “I.R.S. Shift To Combat Tax Evasion”. They discuss the specific increase in examiners assigned to the new department honing in on these large corporations and individuals who have been taking advantage of the gray areas of the tax code. In addition, this new focus will be determining whether international banks will be complying with the Foreign Account Tax Compliance Act, which will require them to disclose all undeclared, offshore accounts or they will withhold 35% on the accounts!
If there is a chance you may require tax relief, call us today or visit us online and get the help you need from professionals with experience and expertise with offshore tax-evasion defense. We will take over all communication with the IRS, make the required disclosures, file FBAR reports, and alleviate your risk of spending the next 5 to 10 years in prison. FBAR tax penalties can burden you with as much as 200-300 percent of the asset value of the offshore account!
You can also read more about what you can do to reduce severe FBAR penalties.
Do not wait for the IRS to come after you, we will help you resolve your IRS. problems before it’s too late. With a tax relief success rate of 90%, we are second to none in the industry and an Offer in Compromise (OIC) Settlement Rate of $0.106 on the Dollar!
If you are someone who believes you or your company might be a potential victim of the IRS’s new focus, our team of expert tax attorneys, CPAs and Certified Tax Resolution Specialists are waiting to assist you. Get ahead of the game, contact our team and get the expert representation and advice you require! As the leading offshore tax evasion defense firm, you can rely on our expertise to assess and handle your needs before they escalate.
For help resolving IRS problems related to undisclosed foreign funds, call our office at (888) 699-7630 for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, failing to file income from overseas accounts, FBAR, filing false tax return, Free Tax Consultation, hiding income, IRS payment plan, offshore tax defense, seeking tax help, seeking tax help with overseas accounts, Swiss bank accounts, tax evasion, tax help, tax relief, Tax Relief Success, tax resolution services, UBS, underreport income, undisclosed overseas accounts, Voluntary Disclosure
Posted in Back Taxes, Offshore Tax Settlements, income tax relief | No Comments »
Thursday, August 19th, 2010
Tax evasion is a serious crime and punishable with fines and prison sentences. Why put yourself in a situation like this? If you have tax problems hanging over your head, we can help you resolve them. Tax Resolution Services is a tax firm that specializes in tax relief by resolving tax problems and settling back taxes. Feel you can’t pay all the taxes you owe? There are many options out there – like a reasonable IRS payment plan (also known as an Installment Agreement) and even programs where your tax debt could be seriously reduced if you qualify (known as the Offer in Compromise program). Face your tax problems! Don’t evade taxes . . . eventually you will get caught and pay a hefty price, like this NY politician!
A former Nassau County (N.Y.) legislator received 18 months in prison for tax charges.
Roger Corbin, 63, pleaded guilty to seven counts of an indictment charging him with tax evasion and filing false federal tax returns for the years 2005 to 2007 and making false statements to FBI and IRS agents.
While serving as a Nassau County legislator, Corbin received more than 80 checks, totaling more than $229,000, from a developer who was doing business in Corbin’s district. Corbin deposited those checks, which were all made payable to “Cash,” into his personal bank accounts and used the money to support his lifestyle but did not report any of the money as income on his original 2005, 2006 and 2007 federal income tax returns and did not pay any taxes on that income.
In addition, when he was interviewed by FBI and IRS agents, Corbin falsely denied using any of the money from the developer for his personal benefit and claimed that he had given the money to an individual who was purportedly paying workers at the developer’s construction sites.
A free tax consultation will help you get on the road to tax relief. Call Tax Resolution Services today at (888) 699-7630 and rest assured that your tax problems will soon be a thing of the past!
Tags: Back Taxes, evading taxes, filing false federal tax return, Installment Agreement, IRS payment plan, Offer in Compromise, resolving tax problems, tax charges, tax evasion, tax firm, tax problems, tax relief, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
