Archive for the ‘IRS Installment Agreements’ Category

Ask the Tax Resolution Expert: The IRS Offer in Compromise or Installment Agreement Programs May Be Your Tax Debt Solution

Monday, December 7th, 2009

At Tax Resolution Services we hear about unresolved tax debt everyday.  There is no doubt that the IRS wants your tax dollars but, in some cases, they will work with you to resolve your tax debt.  A program that you may not have heard of, called Offer in Compromise, was established to help tax payers with significant financial problems get a fresh start.  In some cases, the Offer in Compromise program gives the tax
[Read More]

IRS Payment Plans: Get Your Numbers Straight to Avoid Rejection

Tuesday, December 1st, 2009

The IRS is meticulous when calculating back taxes and what you may owe them. But if you miscalculate how much you are required to pay them–they are not required by law to offer you any counteroffers even when such counteroffers may be more financially appropriate.
A recent case showed that the IRS made a mistake when calculating the amount of an individual’s IRS installment agreement payments. However, upon further investigation, the
[Read More]

IRS Payment Plans are a Wiser Choice than Tax Evasion: A Connecticut Businessman Finds Out the Hard Way

Monday, November 30th, 2009

IRS Payment Plans, also known as an Installment Agreement, are available to those who owe taxes and feel they cannot pay their tax liability all at once.  If you are in this situation, it is wise to work with a tax professional, such as Tax Resolution Services’ team of tax attorneys and IRS specialists, who can help you negotiate a low Payment Plan with the IRS.  When people are facing
[Read More]

Get Tax Help with Your Offshore Bank Account as IRS Pierces Veil of Bank Secrecy, Settling with 14,700 Foreign Accounts

Tuesday, November 24th, 2009

We’ve been hearing a lot of stories about how the IRS is dealing with the abundant influx of voluntary disclosures from Americans who had hid their money overseas in Swiss banks such as UBS. The LA Times recently reported that the IRS is settling with over 14,700 overseas foreign account cases.
According to the LA Times, “To put it simply, this is a historic milestone for the nation’s hardworking taxpayers.”
While many
[Read More]

Offer in Compromise Program or an IRS Payment Plan? Get Your Tax Debt Questions Answered Here!

Monday, November 23rd, 2009

Got IRS back taxes?  There is no better time to find tax relief! Tax Resolution Services will assist you in resolving your tax debt.  Got a tax question?  Tax Resolution Services will answer your tax question. Call us at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
Tax problems and overwhelming tax debt is not uncommon.  There are tax relief options to help with tax debt, two of which are outlined below: the IRS Offer
[Read More]

Tax Client of the Month: IRS Payment Plan Helps Client Resolve $38,000 Tax Debt

Saturday, November 14th, 2009

Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and Tax Resolution Services with referrals, word of mouth and repeat business.
   This month’s Tax Client Of  The Month is Mr. Blake Epstein.
Mr. Epstein owed the IRS over $38,000 when he retained our firm.  We were able to negotiate an IRS payment plan (also known
[Read More]

IRS Installment Agreement Fulfilled By Life Insurance Benefits in Recent IRS Case

Tuesday, November 3rd, 2009

In certain cases when a married couple with an installment agreement cannot pay off the full amount, the IRS Chief Counsel can sometimes recommend that the IRS accepts the assignment of death benefits if one of the taxpayers dies.
In a recent case, one spouse of a married couple died before the installment agreement ended. The IRS wanted to seize all assets of the taxpayer covered by the agreement but was
[Read More]

77-Year Old Developer Evades Taxes and Sentenced to Prison Time - Don’t Evade Taxes, Set Up an IRS Payment Plan if You Owe Back Taxes

Monday, October 26th, 2009

If you owe taxes to the IRS, and feel like you do not have the money to pay them back, you can work out a payment plan with the IRS, also known as an Installment Agreement, which allows you to pay your tax liabilities over time.  Some people are able to negotiate their tax payment plans, but if you owe $25,000 and over, I would highly recommend working with a
[Read More]

Ask the Tax Resolution Expert - Do I Qualify for the IRS Offer in Compromise Plan or Participating in the IRS Installment Agreement Payment Plan?

Thursday, October 22nd, 2009

Got tax questions? Call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
——-
Question: I’ve been reading your newsletter, and I understand why the IRS Offer in Compromise program is an excellent one for those who qualify. Although I have a significant tax debt, I don’t believe I’ll qualify for the program. What can I do?
Answer:  Many of my clients are very good at analyzing their current tax situation and estimating what options might
[Read More]

Tax Client of the Month: Negotiating IRS Payment Plan and Penalty Abatement Helps Tax Relief Client Save $104,000

Sunday, October 18th, 2009

Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Michael Brady.
Mr. Brady owed the IRS over $130K in taxes including penalties and interest. We successfully abated the penalties in the sum of over $36K.
[Read More]

Ask the Tax Resolution Expert: Tax Relief For Overwhelming IRS Back Taxes Debt and Penalties

Thursday, October 15th, 2009

Back taxes and IRS penalties can add up to an overwhelming amount if not resolved as soon as possible. If you do find yourself in a position where you’re unable to make payments to the IRS because your income is barely covering your living expenses, don’t hesitate to get tax help. Getting started on resolving your tax problems is always better than doing nothing about them.
Even people who have gone
[Read More]

Texas Woman Evades Taxes and Gets Prison Time - Options Like IRS Payment Plan Can Help Ease Tax Burden

Tuesday, September 29th, 2009

Perhaps people evade taxes because they feel like they cannot afford to pay their taxes - especially those who are independent contractors and receive wages without tax deductions.  The IRS will work with you, if you are willing to work with them.  One example is the IRS Installment Agreement, also known as an IRS Payment Plan, where you can pay your tax liabilities over time.  If you choose to go
[Read More]

Tax Help Small Business Owners Struggling to Meet October 15th Tax Extension Deadline

Friday, September 25th, 2009

As the October 15th extension deadline for filing 2008 tax returns looms closer, many small business owners like you who have been busy with running your business may be growing anxious.
To a busy business owner who has to sort through piles of receipts and invoices just to get organized to file their taxes, October 15th may not seem like a lenient tax extension deadline. It can be overwhelming to sit
[Read More]

IRS Payment Plans Are a Possibility Even If You Owe $4 Million Like This Las Vegas Attorney

Wednesday, September 23rd, 2009

IRS Payment Plans, also known as IRS Installment Agreements, are a possibility even if you owe the IRS big money.  This Las Vegas attorney owes almost $4 million dollars to the IRS and he could have negotiated an IRS payment plan instead of evading taxes.  However, if you owe more than $100,000, you will need professional tax representation to negotiate an Installment Agreement for you since the IRS are toughest
[Read More]

Hiring the Right Tax Attorney, CPA, or Tax Resolution Specialist to Ensure You Get the Tax Help You Need

Friday, August 21st, 2009

With today’s tax scam horror stories and so many choices for tax lawyers, choosing the right tax attorney may seem a daunting task. When you’re faced with IRS tax problems such as back taxes and delinquent tax returns, there are many different tax attorneys in the yellow book who will “deal” with these issues. How do you know that you’ve chosen the correct representation for your unique situation? You must
[Read More]