Archive for the ‘Filing Unfiled Returns and Replacing Substitute for Ret’ Category

IRS Prepared Tax Returns: Are They a Good Idea?

Thursday, May 9th, 2013

Recently, I have been asked for my thoughts on the IRS’ proposal to pre-filled tax returns. Under a proposed system, the IRS would pre-fill taxpayers’ returns with the data employers and financial institutions have already reported. I came across a Forbes article titled: “Are IRS Prepared Tax Returns the Solution to our Tax Woes?“ that presented a decent overview of what such a system would mean for taxpayers, tax preparers and
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$917 Million in Refunds for Unfiled 2009 Tax Returns

Monday, March 18th, 2013

The IRS issued a press release late last week indicating an estimated 984,400 taxpayers who did not file a tax return in 2009, are entitled to a slice of $917 million in tax refunds! The IRS estimates that half the potential refunds for 2009 are more than $500.
There is a catch though. To collect the 2009 refund, a return must be filed, properly addressed, mailed and postmarked to the IRS
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Weekly Tax Relief News Round-Up

Friday, December 14th, 2012

Happy Friday! Here is a recap of some of the tax relief news reported on this week.
Tax Liens and Levies – I am proud to announce the release of the 14th episode of my national network television show, Tax Man. This episode was designed to feature many different tax topics so that people in trouble will have a reference and better understanding of what to do when tax problems occur. The
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Three Steps to Tax Relief If You Missed the October 15 Deadline

Monday, October 15th, 2012

For those people who are scrambling to get your taxes completed for today’s extension deadline, I hope you made it through. For those who have not yet filed because of panic and overwhelm take note; doing nothing to resolve IRS back taxes only makes matters worse and more expensive over time. This is because compounded interest and penalties will accrue and any future tax refunds that will go towards the
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Tax Relief Weekly News Round-Up

Friday, October 12th, 2012

Happy Friday! Here’s a look at tax relief news headlines we reported on this week:
Tax Fraud and Tax Evasion

A California woman, Gwen Noel Luckette, 59, pleaded guilty to filing a false 2008 tax return with excessive federal tax withholdings that inflated her tax refund to $605,692 of which she was not entitled to.
Maria Eusebia Vega of Ceres, Calif., 51, was charged with three counts of filing false tax returns. Vega,
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Tax Expert Explains Six Common Tax Relief Myths

Thursday, October 11th, 2012

The October 15 tax extension deadline is less than a week away and taxpayers facing IRS debt will want to resolve their tax issues sooner rather than later. When it comes to finding IRS tax relief against the most brutal collection agency on the planet – knowledge is power. But amongst  “helpful” information are tax relief myths that are incorrect and can make IRS tax issues worse. To avoid tax
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Currently Not-Collectable Status – Status 53

Thursday, September 20th, 2012

The purpose of the Tax Man series is to explain IRS practices and tax relief solutions that are implemented to help taxpayers get out from underneath tax debt issues. One solution is the “Currently Not-Collectable” or Status 53 as defined by the IRS.
In a recent Tax Man video, Tax Team member, Parham explains that the “Currently Not-Collectable” Status often works for taxpayers whose expenses are higher than their income and
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Changing an IRS Tax Settlement after Negotiation

Thursday, August 30th, 2012

Given the deep and prolonged recession, many are finding it impossible to make ends meet including taxpayers with an IRS tax settlement wanting to renegotiate their payments with the IRS. In over 14 years of working with tax resolution cases, I’m currently seeing taxpayers in record numbers facing this challenge. Often their original tax settlement was based on income and finances that have since disappeared leaving them with a payment
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Tax Man and Tax Team Solve Client IRS Tax Problems

Wednesday, August 8th, 2012

The Tax Man series began as a way to explain to taxpayers how tax resolution with the IRS works. Seasoned pros like my Tax Team best demonstrate this process by sharing how they are able to resolve even the most difficult client IRS tax problems. In this latest episode, the Tax Team of Tax Resolution Services gives examples of how they employ tax resolution tactics to find the best tax
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Tax Relief Expert Discusses IRS Relief Options

Thursday, June 14th, 2012

The Tax Man video series has allowed both the Tax Team and me to demonstrate how we find IRS relief for clients, even those experiencing difficult and unfortunate financial situations. The cases in this latest video are representative of ones we see on a daily basis. What’s rewarding is that at the end of the day after peeling back the layers of their financial mess, we find real solutions for
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Singer Lauryn Hill Faces Serious IRS Tax Problems

Tuesday, June 12th, 2012

Grammy Award-winning singer, songwriter Lauryn Hill has dominated tax news last week for being charged with failing to file and pay three years of back taxes to the IRS. If found guilty, Ms. Hill could face a $100,000 fine for each count and one year in prison. Fast forward to this week, news agencies from Accounting Today, the LA Times and Huffington Post all reported on the singer’s odd, lengthy
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Tax Help Tip-Avoid the Delinquent Tax Return Trap

Thursday, April 5th, 2012

Countdown to tax day: 13 days
A few weeks ago, I had the pleasure of sharing tax relief tips on Midday Sunday Fox 11 with host Tony Valdez. A topic we covered was unfiled or delinquent tax returns. We deal with a lot of non-filers at our firm; the average client has between four to eleven years of unfiled tax returns and while almost all are good people, they usually have
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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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Tax Relief FAQ: How Does the IRS Compute Penalties For Delinquent Tax Returns?

Wednesday, November 10th, 2010

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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Best of Tax Relief Tips as October 15th Tax Extension Deadline Approaches

Wednesday, October 6th, 2010

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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