Archive for the ‘Ask the Expert’ Category
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
Tags: Back Taxes, delinquent taxes, failing to file federal tax return, IRS debt, IRS tax problems, Michael Rozbruch, Offer in Compromise, tax advice, tax attorney, tax resolution services, Tax Tips
Posted in Ask the Expert, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help | 1 Comment »
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? Call our office at 1-866-IRS-PROBLEMS for a free risk-free tax resolution consultationwww.taxresolution.com or visit
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QUESTION: If the IRS has a current tax lien on one’s
Tags: Free Tax Consultation, i need tax help, IRS debt, IRS help, irs problems, IRS property liens, lien renewal, Michael Rozbruch, Record of Account, statue of limitations, tax attorney, tax lawyer, tax liens, tax resolution expert, tax resolution services, Tax Tips, Tax Transcript
Posted in Ask the Expert, Statutes of Limitations – Taxpayer’s rights, Tax Liens and Levies | No Comments »
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? Call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
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QUESTION: We were sent an amended form from the IRS for our 2007 taxes. An old credit card debt.. they submitted a 1099
Tags: ask the tax expert, Back Taxes, cancellation of debt, credit card debt, income tax relief, IRS Bank Levies, IRS debt, IRS tax problems, Michael Rozbruch, non-taxable income, Payroll Tax Problems, tax audits, tax help, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert | No Comments »
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!
Got 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? Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free risk-free tax resolution
Tags: IRS Bank Levies, IRS Payment Plans, IRS property liens, IRS statute of limitations, IRS tax help, IRS tax lien, Michael Rozbruch, Payroll Tax Problems, tax audits, tax problem, tax relief, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert | No Comments »
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
Posted in Ask the Expert, Tax Problem FAQs | No Comments »
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 about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general? Call us today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a risk-free tax resolution consultation.
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Question: I am in the middle of
Tags: i need tax help, IRS appeal rights, IRS help, IRS problem solver, irs problems, Michael Rozbruch, Offer in Compromise, reasonable collection potential, tax expert, tax problems, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Resolution Specialist
Posted in Ask the Expert, Offers in Compromise, Tax Problem FAQs, Working with the IRS | No Comments »
Thursday, April 30th, 2009
Question: Does the 10 year collection statute begin when the civil penalties are due? Or, when the installment agreement has begun? Or, as in my case, when the installment agreement was reinstated?
Answer: The 10 year Collection Statute Expiration Date (CSED) begins on the ASSESSMENT date, not when the taxes are due and not when you begin an Installment Payment Plan.
There are exceptions to this rule, including if the taxpayer agrees
Tags: bank levy, collection statute expiration, collection statute expiration date, expired tax debt, income tax relief, Installment Agreement, installment payment plan, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Payroll Tax Problems, tax advice, tax debt, tax expert, tax lien, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert, Expiration of the Collection Statute | No Comments »
Sunday, April 26th, 2009
QUESTION: Some of my income is paid to me in cash. If I do not report all of it, will the penalty be a fine?
Answer: Whether you underreport some, most, or all of your income, the penalties are severe! Do not think that the IRS will fine you and that is it! The IRS will consider you a tax cheat and you will be guilty of tax evasion, even
Tags: attempted tax evasion, tax cheat, tax evasion, underreporting income
Posted in Ask the Expert, IRS Tax Cases, IRS Times and Inquirer | 3 Comments »
Thursday, April 9th, 2009
It’s tax season - the perfect time to resolve your tax probelms and get your IRS questions answered!
Got tax questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or tax relief in general? Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free tax resolution consultation.
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Question: Give it to me straight, please. I have substantial tax debt. What is the Offer in Compromise, and
Tags: Ask the Expert, ask the tax resolution expert, IRS problem solver, Offer in Compromise, Offer in Compromise program, tax expert, tax help, tax relief, tax resolution
Posted in Ask the Expert, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »
Tuesday, April 7th, 2009
It’s tax season - the perfect time to resolve your tax probelms and get your IRS questions answered!
I’ve received several questions in the past few weeks asking about cancellation of debt and taxability. Below is a good summary from the IRS website.
Topic 431 - Canceled Debt – Is it Taxable or Not?
In general, if a debt for which you are personally liable is canceled or forgiven, other than
Tags: Ask the Expert, ask the tax resolution expert, canceled debt, cancelled debt, Michael Rozbruch, nontaxable income, tax advice, tax attorney, tax audit, tax expert, tax help, tax problems, tax relief, tax resolution, tax resolution services, Tax Tips, taxable income
Posted in Ask the Expert | 4 Comments »
Wednesday, March 18th, 2009
Today’s question comes from a reader who spends sleepless nights worrying about tax debt…
Given what you’ve said before, I don’t think I qualify for an Offer in Compromise. But that doesn’t mean I’m not in tax debt that’s keeping me awake at night. What can I do?
You’re right — partially. Not everyone qualifies for the Offer in Compromise program, but you’re making a huge mistake by assuming from the outset
Tags: Free Tax Consultation, IRS installment agreement, IRS payment plan, Offers in Compromise, tax debt, tax payment plan, tax relief
Posted in Ask the Expert, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | 2 Comments »
Tuesday, March 3rd, 2009
Today’s question comes from Doug P, an investment fraud victim interested in recovering his losses when he files his 2008 taxes…
In Dec. of 2007, I gave an independent broker some money to invest for me. About $30,000. Three weeks later (first part of Jan 2008 ) he sends me a check for the amount I gave him and in the letter told me this money was never invested.
UHHHMMMMM. Ponzi gone
Tags: 2008 taxes, bernie mad, filing taxes, investment fraud, IRS help, loss recovery, Michael Rozbruch, ordinary loss, Ponzi, reduce taxes, section 165, tax attorney, tax expert, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips, theft loss deduction
Posted in Ask the Expert | No Comments »
Tuesday, February 24th, 2009
IRS Problem Solver Michael Rozbruch at Free FM Los Angeles, originally uploaded by taxresolution.com.
Part of my job as is educating the public to help them make better decisions about their personal and business finances. That’s one of the reasons why I love this blog so much!
That’s why I’ve decided to start a regular feature where I answer questions from you! If you have questions about how you can resolve your
Posted in Ask the Expert | No Comments »
Thursday, January 22nd, 2009
Question: Things aren’t going well. I maxed out my credit cards to be able to give my kids the type of Christmas they’re used to having. All the while, I felt dread. That’s because I owe a huge amount to the IRS — about the same amount I expect to make in total income in 2009. What can I do?
Answer: First of all, don’t panic. Put that dread to the
Tags: IRS negotiation, Offer in Compromise, tax consultation, tax debt, tax relief, tax solution, taxpayer debt
Posted in Ask the Expert, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »