An article in Boston.com called Too Late to Lower Your 2011 Taxes? Not At All listed a few of the deductions a business owner can still take advantage of this year.
Here are three Tax Help Tips that every business owner needs to know about for this tax year:

1. Fund a Retirement Account
You can reduce your 2011 taxes by starting a retirement plan or Simplified Employee Pension (SEP) for you
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The latest chapter of the IRS versus the Swiss Banks, reveals U.S. Prosecutors taking on the oldest Swiss bank of them all: Wegelin & Co.,
An article in the Wall Street Journal entitled Swiss Bank Wegelin Indicted on U.S. Tax Charges, outlines the criminal charges filed by U.S. Prosecutors on February 2, 2012 against Wegelin & Co., Switzerland’s oldest bank (founded in 1741) alleging that Wegelin knowingly aided wealthy Americans in
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Michael Reiss, New Jersey doctor, professor and medical researcher, was sentenced on January 11, 2012 for failing to report his offshore (UBS) bank accounts. According to the IRS, Reiss was sentenced to eight months in a community confinement center for failing to file Reports of Foreign Bank and Financial Accounts (FBAR) with the IRS. Reiss pleaded guilty in August 2011 and agreed to pay back taxes of at least $400,000
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Self-employment can be a liberating experience. You get to make your own rules, work your own hours and say goodbye to the horrors of a demanding boss. With this freedom comes responsibility and handling all your business affairs now solely rests on your shoulders, including paying your own taxes. A recent Ledyard-Patch article entitled Self-Employed? IRS Says You Should Read This reminds us that the self-employed are urged to get
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As we always say at Tax Resolution Services “you can run but you can’t hide from the IRS” which was reinforced in a recent Forbes article called IRS Summons? Meet John Doe.  The article shed some light on the “other” way the IRS can find taxpayers suspected of tax debt through what is called the John Doe Summons.  The John Doe Summons works to gather information like:

pursuing investors in tax
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Many Americans like preparing their taxes every year; it helps them feel in control of their finances and they don’t want to pay someone else to do it. With a tough economy still lurking and the availability of low-cost often free tax preparation software, many are inclined to cut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a
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The IRS is busy scrutinizing the hallowed halls of higher education. A recent article written by Michael McDonald of Bloomberg News, reports on IRS’ stepped up enforcement of non-profit colleges and universities across America to properly report income from all revenue streams. The American academic community is seeing first-hand the strong arm tactics of the IRS including the beloved Harvard University and the hotel it owns overlooking the Charles River.
Universities
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I thought we’d take a literary detour from tax resolution for a moment to point out two novels written this year (just in time for the holidays) that feature a character we are all familiar with: the IRS. The novels: “Ghost Lights” by Lydia Millet and “The Pale King” by the late David Foster Wallace, feature main characters who work in or around the IRS in rote, overly analytical duties
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The IRS has temporarily suspended its controversial plan to fingerprint tax preparers in large part due to objections raised by the American Institute of CPA’s (AICPA). An excerpt from Accounting Today’s article, IRS Delays Tax Preparer Fingerprinting Requirements, shows IRS chief Doug Schulman, acknowledging  they got the message and have decided “to hold off fingerprinting” while they consider all the information received by “interested parties.”  The AICPA letter to the
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As a certified tax resolution specialist, I have said it many times before; it never pays to hide from the IRS. Nowhere is that more apparent than with the government crackdown on off-shore tax evaders. The creation in 2010 of Foreign Account Tax Compliance Act (FATCA) set into motion serious U.S. efforts to combat tax evasion by U.S. taxpayers with investments in offshore accounts. Not only do FATCA regulations have
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If you or your business has tax problems like delinquent tax returns, back taxes, payroll taxes or other tax collection or audit issues, hiring the right tax professional is vital to your survival.
Here is a checklist of questions you will want to ask a tax attorney or tax resolution specialist to ensure you get the IRS tax help you need:
1. How long has this tax attorney/ tax resolution firm
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I hope everyone had a great Thanksgiving.  With the holidays upon us, our attention shifts to spending more quality time with family and friends. As you take time off at the end of the year, it can be a great opportunity to do a little preparing for the new tax season just around the corner. The first order of business should be to protect your important documents by completing the
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Today I shared five end of the year tax tips for business owners business owners do by the end of 2011 on “The Big Biz Show” Blog. To read the complete post, visit:
What Business Owners Need to Do Now to Prepare for Tax Day 2012
“The Big Biz Show” is hosted by Sully & Russ ‘T’ Nailz, two San Diego Radio/TV Personalities who have something to say about all things
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A recent press release cites the contribution I made to an article written by Tax Analysts Document Service, Tax Debt Representation Industry Continues to Act in the Shadows. The article was about the criticism lodged against the tax negotiation-resolution industry. In this article, I was quoted as an ethical industry expert, responding to the Federal Trade Commission’s (FTC) incorrect “one-size-fits-all” approach to regulations.
Certainly, there are some firms, whose questionable business practices
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These are challenging financial times for many people. What makes this economic recession so unique is that it has gone on for so long and transcended so many income levels. In it’s wake, it has left an increasing number of consumers more financially vulnerable than ever before. These tax distressed individuals, fearful and often not sure what to do have avoided delinquent tax issues and are finding themselves on the
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