Archive for the ‘IRS Overview’ Category
Tuesday, March 16th, 2010
Did you know that the IRS does not like to talk about the use of bankruptcy to remove tax liabilities, but the reality is that many IRS taxes, penalties and interest do qualify for complete 100% discharge in bankruptcy?
The IRS is not able to collect on expired back taxes. The IRS has 10 years from the date of assessment (usually close to the filing date) to collect back taxes.
Don’t miss
Tags: Back Taxes, Bankruptcy, big biz show, brian compton, certified tax resolution specialist, delinquent taxes, IRS debt, IRS help, Michael Rozbruch, tax attorney, tax help, Tax Help Tips, tax resolution, tax resolution services, Tax Tips
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Discharging Taxes in Bankruptcy, Expert Help From Tax Attorney, Expiration of the Collection Statute, Filing Unfiled Returns and Replacing Substitute for Ret, IRS Overview, IRS help, Seeking Professional Tax Help, Statutes of Limitations – Taxpayer’s rights, Tax Relief News, Tax news and tips, Taxpayer Rights, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Tuesday, March 9th, 2010
The IRS Offer in Compromise (OIC) program is designed for struggling taxpayers who, for whatever reason, are absolutely incapable of paying off their tax debt in full. It can be a powerful tool in helping you permanently eliminate your tax debt. If you owe back taxes to the IRS and you are unable to pay the debt in full, you may be eligible for tax relief through the offer in
Tags: Back Taxes, delinquent taxes, Free Tax Consultation, IRS debt, IRS help, IRS tax problems, Michael Rozbruch, Offer in Compromise, Offers in Compromise, Penalty Abatement, tax attorney, tax evasion, tax expert, tax help, tax relief, tax resolution expert, tax settlement, Tax Tips
Posted in Expert Help From Tax Attorney, Expiration of the Collection Statute, IRS Installment Agreements, IRS Overview, IRS help, Identity Theft, Innocent Spouse, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News, Tax Liens and Levies, Tax Problem FAQs, Tax Trivia Challenge, Taxpayer Advocate, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, tax help | No Comments »
Thursday, March 4th, 2010
Did someone tell you that filing taxes is voluntary? That only foreign-source income is taxable? You better read about today’s frivolous tax arguments.
If you’re receiving tax advice that sounds otherworldly, it no doubt is.
Maybe someone finally told you that filing your income tax return and paying taxes every year are voluntary? You were a sucker all these year, filing returns and paying taxes, weren’t you?
Well, no. You’d be a sucker
Tags: Back Taxes, delinquent taxes, Free Tax Consultation, frivolous tax argument, IRS debt, IRS help, irs problems, IRS tax problems, Michael Rozbruch, tax attorney, tax evasion, tax expert, tax help, tax relief, tax resolution, tax resolution services, tax settlement, Tax Tips
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Expert Help From Tax Attorney, IRS Overview, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, Tax Resolution Options and Alternatives, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | 1 Comment »
Wednesday, March 3rd, 2010
This week, the nation’s leading tax expert Brian Compton, president of Tax Resolution Services, chatted with Caz Taylor and Ruben Garcia on SBA Radio to share some great tax help tips for small business owners on how to avoid IRS audits.
As the tax filing deadline draws nearer, many small businesses already struggling with the state of the economy must face yet another challenge–filing and paying taxes.
It has been reported that
Tags: avoid IRS audit, Back Taxes, brian compton, delinquent taxes, Free Tax Consultation, income tax relief, IRS audit, IRS debt, IRS help, Michael Rozbruch, SBA Radio, small business tax advice, tax attorney, tax credits, tax deductions, tax evasion, tax expert, tax help, tax resolution, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Overview, IRS help, IRS tax audit, Payroll Tax Problems, Seeking Professional Tax Help, Tax Liens and Levies, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Tuesday, February 2nd, 2010
Congress is sending another $12.2 billion to the IRS this year. Most of the money will be used for enforcement. It’s time to watch out.
The United States Congress is finally putting to use the old cliché: its money where its mouth is.
That is to say, while Congress has always had a loud bark regarding tax cheats, its members haven’t always been eager to spend money on the bite.
That changed in
Tags: Back Taxes, Congress help IRS, delinquent tax returns, delinquent taxes, Free Tax Consultation, IRS debt, IRS enforcement, IRS help, irs problems, IRS tax problems, Michael Rozbruch, tax advice, tax attorney, tax audits, tax cheat, tax evasion, tax expert, tax fraud, tax help, tax relief, tax resolution, Tax Resolution News, tax settlement
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Overview, IRS help, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, income tax relief, tax help | No Comments »
Saturday, December 26th, 2009
As 2009 draws to a close, it’s time to start planning your 2010 taxes. A good place to start is to educate yourself on the latest tax law changes so that you can successfully plan your 2010 taxes in advance. There are still plenty of soon-to-expire tax incentives that you can take advantage of before it’s too late. Also, if your financial situation has changed (loss of a job, closing
Tags: 2009 year-end tax planning, CCH News, tax attorney, tax help, tax incentives, tax law changes, tax relief, tax resolution, tax strategy
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Overview, IRS help, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, income tax relief | No Comments »
Tuesday, December 15th, 2009
As 2009 draws to a close, taxpayers may be growing anxious about what to expect in 2010 in terms of tax policy changes. With the current economy still dragging its feet, it is highly likely that tax raises are on the horizon–especially if the health care bill passes.
My associate, Brian Compton (tax expert and president of Tax Resolution Services) was recently interviewed by CNBC for their article on “Death-Health Care
Tags: brian compton, CNBC, health care reform bill, offshore tax evasion defense, tax attorneys, tax changes 2010, tax help, tax hikes 2010
Posted in IRS Overview, Seeking Professional Tax Help, Tax news and tips, tax help | 1 Comment »
Monday, July 13th, 2009
Keeping a consistent and clear record of your business expenditures is not only good business practice; it will also ensure you to receive the full amount of tax deductibles to which you are entitled. If you use your car for your business, it is extremely crucial for you to keep a clear record of the mileages you drive for your business each time you use it.
Recently, a self-employed individual was
Tags: business expense, IRS debt, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, tax returns, tax settlement, Tax Tips, tax-deductible
Posted in IRS Overview, Tax news and tips, tax help | 1 Comment »
Monday, June 29th, 2009
In an effort to bring more tax evaders to the surface, the IRS has issued a new voluntary offshore compliance initiative in March of 2009, which provides more lenient penalties for tax evaders who have placed their assets overseas. In this initiative, taxpayers who voluntarily disclose their wrongdoings will only be punished with paying back taxes, certain penalties, and interest. Those who come forward will not face criminal charges unless
Tags: Back Taxes, FBAR, interest, IRS debt, irs news, penalties, quiet disclosures, tax audit, tax deadline, tax help, tax problems, tax resolution, voluntary offshore compliance initiative
Posted in IRS Overview, Penalty Abatement, Tax Debt Help News, Tax Relief News, Tax news and tips, tax help | No Comments »
Thursday, October 16th, 2008
The Bush tax cuts were brought up in a recent interview with Frank Pastore on KKLA. I also happened to mention them in a previous post about John McCain and Barack Obama’s proposed tax cuts and economic plans.
In order to make the current economic situation easier to understand it is important to review the Bush tax cuts and share some U.S. economy history. The main Bush tax cut act originated
Tags: bush tax cuts, free tax relief consultation, Keynesian economics, Tax Debt Relief Action plan
Posted in IRS Overview, IRS Times and Inquirer, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Taxpayer Rights | No Comments »
Tuesday, May 13th, 2008
Economic stimulus payments have started going out and according to the IRS, nearly 130 million payments will go out this year, via direct deposit and paper checks.
The IRS has posted Stimulus FAQs to answer a variety of questions on the payment schedule and amounts, factors affecting direct deposit of payments and the eligibility requirements.
If you filed early enough to have your return processed by April 15, and you still haven’t
Tags: change of address, economic stimulus payment, form 8822, tax refund, tax returns
Posted in IRS Overview | No Comments »
Thursday, December 27th, 2007
Due to Congressional concerns over the growing gap between taxes that should have been collected and taxes that were actually collected, the IRS is moving to reallocate its budget resources. Ultimately, this will be evidenced by a significant increase in IRS personnel and potentially third party collection agencies dedicated to support tax compliance and collection efforts. Recent IRS collection initiatives are yielding increases in both levies and tax revenues collected.
On
Tags: internal revenue service, IRS mission statement, IRS restructuring and reform act, Taxpayer Advocate
Posted in IRS Operating Divisions, IRS Overview, Mission Statement of the IRS, Taxpayer Advocate | No Comments »