Archive for the ‘Ask the Expert’ Category

Ask The Tax Resolution Expert - How You Can Avoid Paying Taxes on “Cancellation of Debt”

Monday, October 26th, 2009

Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid
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Ask the Tax Resolution Expert: How Do Kiddie Tax Rules affect the Madoff Carry Back?

Friday, October 16th, 2009

As a certified tax resolution specialist, I help individuals and businesses get the tax help they need to solve their tax problems. I even get questions from other CPAs and tax professionals (like the one below) seeking expert tax resolution advice. If you have a question email your questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line and look for an answer in our “IRS Question Corner”
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Ask the Tax Resolution Expert: Tax Relief For Overwhelming IRS Back Taxes Debt and Penalties

Thursday, October 15th, 2009

Back taxes and IRS penalties can add up to an overwhelming amount if not resolved as soon as possible. If you do find yourself in a position where you’re unable to make payments to the IRS because your income is barely covering your living expenses, don’t hesitate to get tax help. Getting started on resolving your tax problems is always better than doing nothing about them.
Even people who have gone
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Ask the Tax Resolution Expert: Can Tax Liens Come Back to Haunt You After Two Decades?

Thursday, September 10th, 2009

Tax liens can be financially crippling. If you have questions about your IRS tax problems, such as IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions, you can email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.  Look for tax advice on our blog - it’s free!
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Question: In 1992 I lost my job and
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Ask The Tax Resolution Expert - Is the IRS Offer in Compromise Program or IRS Payment Plan for me?

Saturday, August 15th, 2009

Wondering about IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.  Look for tax advice on our blog - it’s free!
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Question: Like others who have asked questions here, I owe a substantial amount to the IRS. But I fear I won’t qualify for the Offer
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Ask the Tax Resolution Expert–Business Owner Needs Tax Help for Avoiding IRS Audits on Employees Underreporting Tips

Tuesday, August 11th, 2009

Whether or not you are legally obligated to report tip as income has been somewhat of a fuzzy area (especially cash tips!). Skimping on reporting your full tip (100% of your tip retained) is considered deliberately underreporting income and may be subject to severe IRS audits and penalties.
If you made more than $20 in tips in any one month, you will have to report the full amount of the tip
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Ask the Tax Resolution Expert-IRS Help for Taxpayer Threatened by IRS Audit for Income Tax Returns Prepared by Crooked CPA

Monday, August 10th, 2009

With the new surge in IRS enforcements, you could find yourself in serious IRS trouble if your tax returns are falsified—even if you hired someone else to file your taxes for you. Be careful about signing your tax returns to ensure that you will not be audited and penalized for false returns prepared by someone else.
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Question: I just received a letter from Maine Revenue Commission asking me to file amended
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Ask the Tax Resolution Expert - Tax Help for Filing Amended Tax Returns and Dealing with IRS Audits

Tuesday, August 4th, 2009

It can happen to any of us–you go through all the paperwork, fill in all the necessary information to the best of your abilities, and you drop the tax return in the mail. No sooner had you sent out your tax return did you remember that you forgot to add something from another W-2 or 1099. Now you have to file an amended tax return…
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Question: How do I go about
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Can’t Afford to Pay Your Taxes? Need Help Claiming the Tax Refunds You’re Entitled to?

Monday, July 27th, 2009

In the current economy, tax problems can confound anyone–especially if your spouse suddenly lost his/her job or if you default on a loan.  I recently had the pleasure of sitting down with Drew on the Money, Riches, and Wealth Radio Show to answer tax problem questions from regular taxpayers who may not be able to afford tax lawyers. Read on for information regarding paying the government taxes you owe and
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Strike a Deal with the IRS - Solve Delinquent Tax Problems and Reduce IRS Penalties

Friday, July 24th, 2009

IRS tax problems can be overwhelming and confusing. It’s always a pleasure to me to appear on radio shows and give free tax advice to regular taxpayers who may not be able to afford a tax lawyer.
Recently I sat down with Drew on the Money, Riches, and Wealth Radio Show to answer some questions average taxpayers had regarding back taxes and resolving IRS tax debt with or without the help
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Ask the Tax Resolution Expert: Renewal of IRS Property Liens, 2 Liens on 1 Property

Wednesday, July 15th, 2009

Tax problems can get confusing and overwhelming. As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask
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Ask the Tax Resolution Expert: Back Taxes from Discharged Credit Card Debt

Friday, July 10th, 2009

As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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QUESTION:
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Ask the Tax Resolution Expert - Release of IRS Property Liens

Tuesday, June 30th, 2009

As a tax resolution specialist, I provide IRS tax help to individuals and businesses every day - and I can help you solve your IRS problems!
Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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QUESTION: If the statute
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Ask the Tax Resolution Expert: Filing Amended Tax Returns

Tuesday, June 9th, 2009

QUESTION: My brother opened a custodial stock account when my 4-year son was born.  He did not tell me that he sold some long-term stocks in 2007 for a capital gain of $2,900.  Since I did not know about it, I did not report it on a tax return.  If I amend my tax return, then I was overpaid $260.  If I file a return for my son, then he
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Ask the Tax Resolution Expert: Do I need to Disclose Business Records to the IRS for Offer in Compromise Related to Personal Taxes?

Monday, June 8th, 2009

As a tax resolution specialist, I help individuals and businesses resolve tax problems every day - and I can help you get the help you need to solve your IRS problems!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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Question: I am in the middle of
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