Archive for the ‘Ask the Expert’ Category

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?  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
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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?  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
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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!
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
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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 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
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Ask the Tax Resolution Expert: When Does the IRS 10 Year Collection Statute Expiration Date Begin?

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
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Ask the Tax Resolution Expert - Are Penalties Severe for Underreporting Income?

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
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Ask The Tax Resolution Expert - What is the Offer in Compromise, and how do I qualify?

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
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Ask the Tax Resolution Expert: Canceled Debt - Is it Taxable Income or Not?

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
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Ask the Tax Resolution Expert: Taxpayer with IRS Debt Doesn’t Qualify For Offer in Compromise and Needs Tax Relief Options

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
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Ask the Tax Resolution Expert: Victim of Investment Fraud Needs Advice on Filing 2008 Taxes

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
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Ask The Tax Resolution Expert: Get Your Tax and Financial Questions Answered for Free

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
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IRS Question Corner … Tax Debt? IRS Offers in Compromise Program May Help

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
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