Archive for the ‘Business Services’ Category

What to Do if You Missed June 30 Business Tax Deadlines

Wednesday, July 3rd, 2013

April 15 is not the only tax filing deadline taxpayers need to be aware of. Tax expert Eva Rosenberg, aka TaxMama® reminds us in a post titled: Looming Deadlines that business owners changing employee classification and those with offshore bank accounts had until June 30th to file reports with the IRS in order to avoid hefty IRS penalties and fines.
Here is the important tax information TaxMama mentions:
Offshore bank accounts and
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Internet Tax Law Challenged by Team of Attorneys General

Thursday, June 13th, 2013

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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IRS Tax Tips for Small Business Recordkeeping

Monday, June 10th, 2013

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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Better Business Bureau Los Angeles Chapter-Expelled

Thursday, March 14th, 2013

As a Los Angeles based business, it was huge news to hear that the Better Business Bureau (BBB) of the Southland was expelled from the Organization for demanding that businesses pay membership fees for good ratings. The Los Angeles Chapter was a corrupt organization. Horrible.
An LA Times article by Adolfo Flores titled:”Better Business Bureau expels Los Angeles area chapter” brings to light years of strife and eventual audits by the
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Tax Resolution Services Interviewed for KTLA TV Show

Wednesday, February 20th, 2013

I was recently interviewed by Alan Mendelson host of “Best Buys with Alan Mendelson” a television show that features the best deals and money saving ideas.
Watch Alan’s special report on Tax Resolution Services, Co. in the video below on how consumers can get help to pay off their income tax debts to the IRS and to the state.
Tune in to KTLA Channel 5 this Saturday February 23rd at 5:30pm PT
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S-Corp Business Audits Up-Says IRS Watchdog

Thursday, July 26th, 2012

The government is focused on narrowing budget gaps and trying to find revenue from wherever it can. In recent years, the IRS has set its sights on small business and upped S-Corporation audits believing there was a good chance to collect on their non-tax compliance. However, a Reuters article titled Small business audits often find no more taxes due-IRS watchdog reports that IRS watchdog, Russell George criticized the high number
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Tax Resolution Services, Co. Wins American Business Awards

Tuesday, July 3rd, 2012

In addition to solving IRS tax problems, Tax Resolution Services, Co. was honored last month with two American Business awards (aka the Stevie awards) for our work in the tax resolution industry.  I was honored with a bronze Stevie Award for Maverick of the Year and my colleague and Tax Resolution Services’ President, Brian Compton received a silver Stevie as Executive of the Year in Accounting, Banking and Financial Services.
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IRS Payroll Tax Problems Claim Alabama Town

Monday, May 7th, 2012

Small business is no stranger to payroll tax problems, but when a city becomes a victim, it makes headlines. An article from Channel 11 entitled IRS Says York Failed to Make Payroll Tax Payments reported that a representative from the Internal Revenue Service traveled to York, Alabama to meet with city officials to discuss their specific tax issue: unpaid payroll taxes.
It appears that the city administrator, Tim Sweezey and
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A Makeover for Tax Relief Companies

Monday, April 16th, 2012

Unless you’ve been living in a cave for the last twelve months, you are most likely aware that the tax debt resolution industry has been dragged through the mud and just about every media outlet under the sun has jumped on the bandwagon to kick a little extra dirt on the pile. Now, I’m not arguing that some serious wrongdoing hasn’t occurred, but this is clearly a case of an
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5 Things You Need to Know About Business Tax Relief

Friday, March 30th, 2012

It’s no secret the IRS is cracking down on small businesses with unpaid payroll taxes and past due employment taxes. If you are in need of business tax relief, here are 5 things you need to know:
#1: Understand the gravity of your situation. The IRS views unpaid payroll taxes and unpaid employment taxes as theft, and they carry severe consequences. Aside from penalties (33% plus interest at 16
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Tax Resolution Expert-Five Reasons to Hire One

Sunday, March 25th, 2012

While taxpayers are allowed to represent themselves before the IRS, it doesn’t mean they should. There are instances where hiring a tax resolution expert such as a tax attorney or certified tax resolution specialist is highly recommended especially if your personal or business tax problems are too large, complicated and risky to handle on you own.
For example cases that involve IRS audit, IRS criminal prosecution, payroll/corporate tax issues and IRS
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TaxMan Discusses Tax Gap on the Big Biz Show

Tuesday, March 13th, 2012

On a recent episode of the TaxMan on the Big Biz Show, I discussed the topic of the “tax gap” that many self-employed and small business people out there should become aware of as they prepare their tax returns for the April 16 deadline. Since many are unfamiliar with the subject matter, listed are the four key questions and answers every individual and small business personal should know about the
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TaxMan Gives Thanks and Tax Tips on Big Biz Show

Tuesday, March 13th, 2012

Continuing the countdown to April 16 on a recent episode of the Big Biz Show,  I offered some helpful TaxMan tax tips and advice including how to avoid more IRS “red flags” and planning for tax laws that are set to expire in 2012.

I also took opportunity to thank Sully and Troy Hazard, one of the show’s executive producers, for the launch of the TaxMan show debuting on Biz Television. This
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Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them

Wednesday, February 29th, 2012

If you have unfiled and delinquent tax returns, you’re probably dreading this tax season; owing back taxes to the IRS is a big burden. Doing nothing to resolve them, however only makes matters worse and more expensive. Even if the IRS isn’t currently knocking on your door to remind you of your tax debt, you are not out of the woods and will need to devise a plan for
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Obama Proposes More Money for IRS Enforcement

Tuesday, February 28th, 2012

A major focus of the Obama Administration has been to reduce the “tax gap” (the difference between the amount of taxes reported and what the government actually collects). Nowhere has this become more obvious than with the President’s 2013 budget request.  A recent article in OMB Watch entitled Obama Proposes Exempting IRS from Budget Caps, reports on the Administration’s request to have some IRS enforcement spending be “excluded” from budget
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