Posts Tagged ‘delinquent tax returns’

Tax Relief News Round-Up Top Stories

Friday, July 12th, 2013

The top tax relief news this week ranged from tax evasion, to prison time for a false tax claim, troubles at the IRS, to a giant tax bill for the estate of actor James Gandolfini. Here is a recap of the tax stories we found interesting:
Tax Evasion by Guilty Texas Pharmacist– This post highlighted the story of Grapevine, Texas pharmacist Joseph Moss who was sentenced to one year and a
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$917 Million in Refunds for Unfiled 2009 Tax Returns

Monday, March 18th, 2013

The IRS issued a press release late last week indicating an estimated 984,400 taxpayers who did not file a tax return in 2009, are entitled to a slice of $917 million in tax refunds! The IRS estimates that half the potential refunds for 2009 are more than $500.
There is a catch though. To collect the 2009 refund, a return must be filed, properly addressed, mailed and postmarked to the IRS
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Tax Changes to Know before Filing a 2012 Tax Return

Thursday, February 28th, 2013

An article by Forbes titled “11 Changes You Must Know Before Filing Your Tax Return for 2012” reminds us that the recent changes to the tax code could affect many of us and our wallets this tax season. Here are eleven important changes that the article highlights:

Payroll Tax Credit for Self-Employed Taxpayers
W-2 Forms Changed This Year Due to the Affordable Care Act (ACA)
2010 Roth Conversions May Be Subject to Tax
Tax
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Offer in Compromise Saves Tax Resolution Services Client $117,000

Monday, February 11th, 2013

As previously mentioned, I will continue posting client success stories and testimonials to inspire taxpayers with IRS tax problems to take the first steps to get the income tax relief they need. Waiting only makes matters worse.
Good people can have bad circumstances happened to them, often through no fault of their own. When those troubles involve tax debt, their biggest obstacle becomes financial: they have no money to pay their enormous
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TaxMan Episode Explains Importance of Tax Prep

Thursday, December 20th, 2012

The national network television show, TaxMan is a great resource for those who need tax help but are too overwhelmed to do anything about it. The TV series explains both IRS problems and tax relief solutions. After watching the episodes, people avoiding their tax issues will have a better understanding how they can resolve their tax troubles for good.
This episode of the TaxMan focuses on the Tax Prep Department
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Three Steps to Tax Relief If You Missed the October 15 Deadline

Monday, October 15th, 2012

For those people who are scrambling to get your taxes completed for today’s extension deadline, I hope you made it through. For those who have not yet filed because of panic and overwhelm take note; doing nothing to resolve IRS back taxes only makes matters worse and more expensive over time. This is because compounded interest and penalties will accrue and any future tax refunds that will go towards the
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Tax Relief Weekly News Round-Up

Friday, October 12th, 2012

Happy Friday! Here’s a look at tax relief news headlines we reported on this week:
Tax Fraud and Tax Evasion

A California woman, Gwen Noel Luckette, 59, pleaded guilty to filing a false 2008 tax return with excessive federal tax withholdings that inflated her tax refund to $605,692 of which she was not entitled to.
Maria Eusebia Vega of Ceres, Calif., 51, was charged with three counts of filing false tax returns. Vega,
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Tax Expert Explains Six Common Tax Relief Myths

Thursday, October 11th, 2012

The October 15 tax extension deadline is less than a week away and taxpayers facing IRS debt will want to resolve their tax issues sooner rather than later. When it comes to finding IRS tax relief against the most brutal collection agency on the planet – knowledge is power. But amongst  “helpful” information are tax relief myths that are incorrect and can make IRS tax issues worse. To avoid tax
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New IRS Tax Relief Guidelines for Americans Abroad

Thursday, September 6th, 2012

On September 1, 2012 the IRS released new instructions for Americans living abroad or dual citizens that will make it easier for them to report their foreign assets. These new and streamlined guidelines are in accordance with the Foreign Account Tax Compliance Act (FATCA). Enacted in 2009 as a legislative means to curb tax evasion, FATCA required all Americans wherever they live in the world, report their earnings and assets
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Tax Man and Tax Team Solve Client IRS Tax Problems

Wednesday, August 8th, 2012

The Tax Man series began as a way to explain to taxpayers how tax resolution with the IRS works. Seasoned pros like my Tax Team best demonstrate this process by sharing how they are able to resolve even the most difficult client IRS tax problems. In this latest episode, the Tax Team of Tax Resolution Services gives examples of how they employ tax resolution tactics to find the best tax
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Failure to File Taxes Finds Oregon Tax Protestor Guilty

Wednesday, July 18th, 2012

Following a four day trial, an Oregon tax protestor was found guilty of three counts of income tax evasion, three counts of willful failure to file tax returns and one count of witness tampering.
According to court records, Randall Blair Johnson, 53, of Sisters, Ore., was a real estate agent and half-owner of TR Hunter Real Estate, a company in Florence, Ore. Johnson’s primary sources of income were from real estate
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IRS Announces Tax Relief for Americans Living Abroad

Monday, July 9th, 2012

The IRS has just announced some tax rule easement for Americans living abroad who still need to file their U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts (FBARs). This easing of rules is another attempt by the US government to make it easier (and less expensive) for citizens living abroad to come out in the open and become IRS tax compliant.

The Montreal Gazette featured an
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New Offer in Compromise Policies Bring Tax Relief

Wednesday, May 30th, 2012

The May 21st IRS announcement offering flexibility to the Offer in Compromise Program (OIC) is BIG NEWS as it could provide tax relief to many financially distressed taxpayers like never before. The erecent Forbes articles Are Tax Collectors the New Men in Black? and New IRS Offer in Compromise Policies discuss the IRS changes of two criteria: the financial analysis used to determine who qualifies for an Offer in Compromise
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New Changes to Offer in Compromise – More Flexibility

Thursday, May 24th, 2012

The IRS announced this week it changed some of the rules that govern the Offer in Compromise (OIC) program – more flexibility meaning more folks can qualify.  An article in Reuters entitled IRS Widens Taxpayer Debt Forgiveness Program and in Accounting Today entitled IRS Makes Offer in Compromise Program More Flexible outline these changes aimed at giving more American taxpayers flexibility to repay their tax debt as part of the
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Tax Relief Weekly News Round-Up

Friday, May 11th, 2012

This week’s tax relief news has been quite exciting especially for Tax Resolution Services.
Here are some of the highlights:
Tax Resolution Services-2012 Stevie Award Finalists for Business
I am extremely proud to announce that both Brian Compton and I have been selected as 2012 finalists for the 10th Annual Stevie Awards. Brian was selected for Executive of the Year for Accounting, Banking, & Financial Services and I am a finalist for Maverick
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