At Tax Resolution Services, Co. (TRS) we are committed to providing exceptional client care. A new video clip on The Blaze TV highlights one of Glenn Beck’s viewers who shared his TRS experience with the nationally televised show. This satisfied client said that a TRS quality assurance manager was with him every step of the way to make sure his case was on track. His original tax debt amounted to nearly $50,000.
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The tax stories that peaked our interest this week included the following: new online sales tax law challenged by some states, the differences between Offer in Compromise and Installment Agreement, musician Jack White’s generous tax payment for the Detroit’s Masonic Theater, recordkeeping tips from the IRS and Beyoncé’s father and his massive tax debt. Just in case you missed any posts, here’s a recap:
Internet Tax Law Challenged by Team of
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Well, it looks like some states are not taking the new internet sales tax regulations lying down. According to the Washington Post article titled: “Attorneys general from 3 states without sales taxes urge House to vote down Internet tax bill“, the attorneys general from Montana, Alaska and Oregon all sent letters to U.S. House representatives Wednesday urging them to oppose an Internet tax bill. They allege that the measure is
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If there were tax angels, musician Jack White would be one of them. According to the Detroit Free Press, it appears that the anonymous benefactor who recently paid $142,000 of the Detroit’s Masonic Temple’s back taxes was none other than musician Jack White. White played at the Masonic twice as a solo artist and seven times with his former band, the White Stripes.
The article mentions that White was born in
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As a business owner, you are responsible for everything including recordkeeping – a task that small businesses sometimes don’t do very well. The IRS has released a very helpful recordkeeping FAQ webpage for small business and the self-employees that emphasizes the benefits of and reasons for good recordkeeping. Here are six practical FAQ’s the webpage highlights:
· Why should I keep records?
· What type of records should I keep?
· How long
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Sharing client success stories is important because it shows that IRS tax problems can happen to anyone including hard-working honest people, often through no fault of their own.
A new video clip on The Blaze TV highlights a viewer who called Tax Resolution Services, Co. (TRS) after hearing Host Glenn Beck talk about client success stories on his program. This viewer owed more than $33,000 in back taxes but TRS was able
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Tax scam emails that appear to be from the IRS run the gamut from almost believable to incredibly bad. Thanks to a Forbes article by Tax Girl Kelly Phillips Erb titled: “Phony Emails Purporting To Be From IRS Popping Up Again,” we have two fine examples of email scams that run the good and bad spectrum.
Email scam example #1 – really bad.

A few points mentioned in the article demonstrate how
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A recent IRS Press Release aims to remind taxpayers with foreign bank accounts and assets that their filing deadline to report them to the IRS is June 17, 2013. This applies to U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012 and military personnel outside the country. Also, some U.S. citizens abroad may be required to submit
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I wrote this latest press release after reading a CNN Money article titled “Spending cut bright spot: Fewer IRS audits.” I needed to dispute the article’s assertion that there would be fewer questioned tax returns as a result of the sequestering budget by Congress. The CNN article states that over $600 million in cuts to the IRS could result in IRS employee layoffs including examiners who audit tax returns. I agree
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This was a short, yet busy week for tax relief news. Stories ranged from celebrity tax woes and prison sentences for tax evaders to tax tips and benefits for military personnel.
Actor Chris Tucker Pays Nearly $1 Million toward Tax Debt – Chris Tucker has been in the spotlight over the last few years, not so much for his talent but sadly, for his huge $12 million tax debt. A recent
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It appears actor and comedian, Chris Tucker is taking a bite out of his huge $12 million dollar tax debt. According to a TMZ.com article titled: “Chris Tucker’s Tax Debt – $1,000,000 Down, 12 More to Go!“, it seems that the actor recently wrote checks totaling $985.028.98 to pay off two Georgia state tax liens: one for $592,594.82 for tax year 2007 and $392,332.16 for tax year 2006.
We reported in
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Memorial Day gives us a chance to honor military personnel for their service and sacrifice. It also allows tax professionals the opportunity to remind service members of the tax benefits they are entitled to. A recent article from Don’t Mess with Taxes titled,”Memorial Day 2013: Remembering those who gave all, offering some tax help for those still giving“ provides tax tips using the IRS Publication 3, Armed Forces Tax Guide. Here are
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It’s pretty clear Beyonce’s former manager and father, Mathew Knowles knows a thing or two about managing a superstar. However, it appears he’s less knowledgeable about what it means to owe back taxes to Uncle Sam. According to a Source article titled: “Mo’ Money, Mo’ Problems! Mathew Knowles Owes 1.2 Mil In Taxes“, Knowles, who failed to pay his taxes during 2010 and 2011, has now received a huge tax
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Question: I am filing bankruptcy to get out from underneath debt brought on by some bad financial decisions. Can I discharge in bankruptcy the IRS back taxes I owe for tax years 2008 and 2009 that amount to roughly $25,000? I am struggling financially to pay off all the debt I incurred in this mess but am particularly overwhelmed with the tax debt. Do I have any chance at tax
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Just last week, the IRS Criminal Investigation (CI) released its Annual Report for 2012 showing strong increases in enforcement actions and IRS penalties imposed on convicted tax criminals for the year ending Sept. 30, 2012. According to the IRS bulletin announcing the report’s release, the criminal investigation division investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the
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