Archive for the ‘Delayed IRS Collection and Currently Not Collectible St’ Category

Need Tax Relief? Do Your Homework Before Hiring A Specialist

Monday, August 1st, 2011

The reason I got into this business was to help people with their tax issues. Our clients found that dealing with the IRS directly often made their situation harder to resolve and more difficult to understand.  The nature of tax problems is inherently complicated and we sought to simplify that process by providing expert guidance that resulted in getting the best possible tax settlement on behalf of our clients.
Tax Resolution
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IRS Tax Relief Interview with Tax Resolution Services, Co.

Friday, July 29th, 2011

There are a myriad of reasons why people have tax issues.  In my decade plus of expertise in guiding people to resolve theirs, I’ve just about seen them all. Our tax mediation firm specializes in working with the IRS to secure the best deal for clients seeking relief for their tax problems. Years of practice in careful listening and observing combined with a brazen approach and natural proclivity
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Tax Resolution Tip: What Is The Statute of Limitations?

Friday, June 17th, 2011

Today’s Tax Resolution Tip:
Quick tax lessons: The Statute of Limitations are laws regarding IRS timings:
- The IRS have 3 years to issue a refund to consumers
- The IRS have 3 years to audit your tax return
- The IRS have 10 years to collect any tax due from consumers
Find our more about the Statute of Limitations and expiration of back taxes. For more tax help, check out our tax relief FAQs and keep
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Need For Tax Resolution Grows as IRS Gets 5,000 New Employees to Catch Tax Cheats in 2012

Tuesday, February 15th, 2011

President Obama has decided to give the IRS an extra $1.1 billion in the 2012 budget to create an additional 5,000 jobs for the IRS to go after tax delinquents.
According to a recent Bloomberg article, this increase in the budget to $13.3 billion will allow the IRS to focus on fighting tax evasion and to seek out fraudulent tax preparers.
Furthermore, almost half of the increase ($460 million) would support the
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Tax Relief FAQ: How Does “Currently Not Collectible” Status Affect IRS Collection of Back Taxes?

Monday, July 26th, 2010

Owing back taxes and interest to the IRS is a surprisingly common problem: thousands of Americans feel the burden of it every year. Therefore it is important to take the steps to resolve your IRS problems now. The worst thing you can do is ignore letters from the IRS, hoping your troubles will go away. They will not do so on their own – you must take the appropriate steps! If
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Tax Relief FAQ: You Owe The IRS Back Taxes. What If You Cannot Pay The Full Amount Now?

Sunday, July 25th, 2010

If you are one of thousands of Americans who owe back taxes and interest to the IRS, it is important to take the necessary steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not- unless you take the appropriate steps now!
If you have back taxes to settle, it is essential to know your
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Six Tips If You Receive an IRS Tax Collection Notice to Collect Back Taxes

Wednesday, June 23rd, 2010

The Internal Revenue Service will be mailing tax collection notices this month to collect back taxes. If you get one of these IRS tax collection notices, you will need to take action quickly with the help of a tax attorney or Certified Tax Resolution Specialist in order to protect yourself, your loved ones, your assets and your job.
If you get one of those terrifying IRS tax collection notices to collect
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IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Friday, April 30th, 2010

With the April 15th tax filing deadline already passed, what can you do if you’re one of thousands of taxpayers who just don’t have the cash to pay Uncle Sam?
The good news is, there are still IRS tax relief options for you if you did not pay two weeks ago. According to a  MarketWatch article, your best bet is to still file your tax return even if you don’t have
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IRS Tax Relief For Last Minute Filers as April 15th Approaches

Tuesday, April 13th, 2010

There are only two days left until the April 15th tax filing deadline.
For taxpayers who are not yet ready with their tax returns, it’s time to buckle down. Whether you haven’t filed your taxes because you’ve been busy or because you don’t have enough money to pay your taxes in full, it’s time to get serious about your tax return in order to avoid IRS tax problems.
I recently appeared on
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Tax Help For Offshore Account Holders as US-Swiss Protocol Allows Handover of Account Holder Info

Monday, April 5th, 2010

For those who thought the heat from the UBS-IRS deal has passed, it’s time to think again.
The United States and Switzerland recently announced a new protocol where it will allow the Swiss government to provide information to the IRS on U.S. account holders of Swiss bank UBS.
According to Journal of Accountancy, “The protocol has been approved by the Swiss Federal Council and was signed in Washington on Wednesday, but the
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Tax Help From the IRS: Upcoming Saturday Open Houses For Resolving Tax Problems

Thursday, March 25th, 2010

Believe it or not, the IRS is doing its best to provide tax help to struggling taxpayers.
According to the IRS news room website, IRS will hold hundreds of special Saturday open houses to give struggling taxpayers more opportunity to work directly with IRS employees to resolve tax issues. The offices will be open on March 27 and three additional Saturdays in the spring and early summer. Future dates, times and
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Tax Relief Options Available to Americans Who Fail to File Legally Required Tax Returns

Wednesday, March 24th, 2010

As unemployment continues to rise and many Americans struggle to pay their monthly bills, less people are expected to file their taxes by the April 15th deadline, including those unable to pay their IRS bill.
H&R Block recently announced that year-to-date tax returns prepared have fallen by 8.2% from the prior year. While some taxpayers are opting to prepare their taxes themselves or using tax preparation software to save on fees,
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Tax Help Tips For Taxpayers Who Can’t Afford to Pay on April 15th

Tuesday, March 23rd, 2010

Times are rough and with only 3 weeks to go until the April 15th tax filing deadline, many taxpayers may be growing anxious about how they are going to pay their tax bill.
If you’re among the many who don’t have enough spare cash to send to Uncle Sam, you don’t need to panic just yet. There are a number of tax relief options that will save you from severe IRS penalties
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No IRS Debt is Too Small: IRS Agents Visit Carwash In Pursuit of 4 Cents

Saturday, March 20th, 2010

Times are rough and no IRS debt is too small to justify a personal visit.
In recent news, two IRS agents showed up at a Sacramento car wash in pursuit of 4 cents. The business owner found this comical because it demonstrated a poor sense of IRS priorities–are there really no bigger fish out there to fry?
According to the Sacramento Bee, “penalties and taxes accruing on the debt – stemming from
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Nation’s Leading Tax Resolution Firm Saves Taxpayer Over $5 Million with IRS Offer in Compromise

Wednesday, March 17th, 2010

Our team at TRS recently helped Charles M., a man from Shreveport, LA, who owed the IRS over $5 million in back taxes, interest, and penalties settle his IRS debt for just under $14,000 by qualifying for an Offer in Compromise tax settlement.
Taxpayers should know that the IRS Offer in Compromise process is a complex and time-consuming procedure. While the IRS typically rejects a high percentage of Offers, you
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