Every year, hundreds of thousands (potentially millions) of taxpayers fail to file legally required tax returns. The longer people put off filing their tax returns, the more severe their IRS tax problems become. An important step in avoiding IRS tax trouble is to understand how the IRS approaches delinquent tax return penalties. Read on to learn more.
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Question: I filed my tax return late and was shocked when I saw my
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We’re one week into October and you know what that means? October 15th isn’t that far off. For those of you who filed for a tax extension deadline, now’s the time to get all your ducks in a row so that you’re prepared come next Friday.
As part of our dedication to educating taxpayers on their tax relief options, I’ve compiled a list of our top tax help blog posts here
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Do you find dealing with the IRS frustrating? Intimidating? Time-consuming? How about all of the above? You’re not alone.
While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (specialized tax attorneys, CPAs, and Certified Tax Resolution Specialists) in order to maximize their chances of winning a tax settlement while minimizing their contact with the IRS agents.
So what are some of the tax relief
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If you filed for a tax return extension in April, your tax return must be filed by October 15th. If you do not file by October 15th you will accrue additional fees and make your IRS tax debt significantly worse. A common problem that many taxpayers face is the inability to file their tax return before the deadline as they do not have the money to pay. However failure to
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With the IRS enforcement budget reaching a record $5.5 billion, more Americans than ever will need to know their options for income tax relief and IRS help to resolve IRS problems and avoid financially debilitating penalties and levies. If you owe back taxes or have several years of unfiled tax returns, here are a few tips to help you get the IRS tax relief you need.
You can run, but you
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Under reporting income is a serious crime.  It is also known as tax evasion and when the IRS catches up to you, you will pay, and not just a fine!  If you’ve under reported income and want to come clean with the IRS, there is no time better than today.  Tax Resolution Services has tax attorneys and Certified Tax Resolution Specialists that can help you sort through your taxes and
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I recently provided advice about how to successfully file tax returns and avoid potential IRS back taxes during my interview on the Big Biz Show. I discussed the penalties of filing late returns and urged people to seek extensions the proper way in order to avoid failure to file penalties such as fines up to $25,000 per year and/or sentences of one year in prison per each un-filed year.  Due
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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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With a record number of bankruptcies filed in the last year it’s important for taxpayers to know whether it’s possible to discharge taxes in bankruptcy. If you qualify for discharging your IRS tax debt through bankruptcy, you have an opportunity to achieve permanent tax relief and a fresh start. Find out more about eliminating your back taxes with these important tax relief bankruptcy tips.
Most taxpayers don’t realize that IRS tax
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Every year, millions of taxpayers fail to file legally required tax returns by the April 15th deadline, and this year that number is expected to rise due to the economic recession and the dramatic increase in unemployment.
If you have unfiled tax returns it is always better to file them — whether they’re a couple days or a couple years late — than to not file them at all. Filing any
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Make no mistake about it, the IRS is serious about getting your tax return. Filing your tax return every year is not a voluntary act–and you had better file your own than let the IRS do it for you.
According to NYTimes, through mid-March, the IRS reportedly received 68.7 million returns, 3 percent fewer than at the same time in 2009.
In this economy, many Americans may opt to not file because
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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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As the April 15th tax filing deadline fast approaches, taxpayers who owe the IRS back taxes may be desperately searching for “quick fix” tax settlements to resolve their IRS debt.
I strongly urge to not fall for these “fast and easy” tax relief settlements–especially if you have not done extensive research on the tax relief company.
A recent MSNBC article cautioned taxpayers against falling for tax resolution promises that sound too good
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Are you paying more to Uncle Sam than you need to be?
Surely no one wants to give the IRS extra cash that would otherwise stay in their own pockets. My partner Brian Compton recently shared some expert tax help tips on the Big Biz Show on how taxpayers can minimize their tax bill this year by taking full advantage of their allowable tax deductions.
Below are some top tax deductions taxpayers
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Tax resolution scams are on the rise as unethical tax relief companies are taking advantage of the increased number of taxpayers under threat of IRS audits and back taxes.
Because the IRS is increasing enforcement to unprecedented levels, there’s been an increase in the number of unethical tax resolution scams preying on people who owe back taxes. This year we’ve already seen rising numbers of consumer complaints about tax resolution scams.
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