Archive for the ‘IRS payment plan’ Category

IRS Question: Can I Erase Tax Debt in Bankruptcy?

Wednesday, May 15th, 2013

Question: I am filing bankruptcy to get out from underneath debt brought on by some bad financial decisions. Can I discharge in bankruptcy the IRS back taxes I owe for tax years 2008 and 2009 that amount to roughly $25,000? I am struggling financially to pay off all the debt I incurred in this mess but am particularly overwhelmed with the tax debt. Do I have any chance at tax
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IRS Criminal Investigation Report Shows Increases

Monday, May 13th, 2013

Just last week, the IRS Criminal Investigation (CI) released its Annual Report for 2012 showing strong increases in enforcement actions and IRS penalties imposed on convicted tax criminals for the year ending Sept. 30, 2012. According to the IRS bulletin announcing the report’s release, the criminal investigation division investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the
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Tax Client Saves Over $100,000 Through IRS Offer in Compromise

Monday, May 13th, 2013

Every month at Tax Resolution Services we choose a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. & Mrs. Ford Sr.
Mr. & Mrs. Ford Sr. owed the IRS $112,000 in back taxes when he sought help.  After several months
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Tax Relief Tips for How Long to Keep IRS Records

Monday, May 6th, 2013

Every year after the tax day, clients inquire as to what tax documents they need to keep and for how long. Last tax season I wrote a blog post on the subject, inspired by a Forbes article by Tax Girl, Kelly Phillips Erb titled: “How Long Should You Keep Records after Tax Day?” I thought the information would be helpful for those who may be wondering what documents to hold
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Tax Experts Give Free Webcast on IRS Collection Issues

Friday, April 26th, 2013

Tax practitioners who would like to develop skills to prevent and or resolve IRS collections are invited to join tax expert Eva Rosenberg, aka TaxMama® and yours truly for a complimentary webcast titled: “IRS Practice – Overview of Collection Issues. This course (part of the IRS Practice Series) provides an overview of the collections process and explores the numerous collection issues a practitioner may encounter including the
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Tax Expert on Finding a Qualified Tax Resolution Specialist

Monday, April 22nd, 2013

Just because the April 15 tax deadline passed doesn’t mean people who owe back taxes should stand idly by. It’s time to “man up” to the challenge and resolve your IRS tax issues with the help of an expert tax resolution professional. But who do you choose? On a video episode from the Midday Sunday Fox 11 with host Tony Valdez program, I explain how the tax resolution industry has
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Tax Tips for Taxpayers Who Missed the April 15 Deadline

Tuesday, April 16th, 2013

It’s the day after tax day and for those taxpayers who don’t intend on filing a tax return, you may want to reconsider. Not filing means you will be facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in jail. In fact, IRS penalties are more severe for non-filing than for non-payment. If it sounds
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IRS Question: How Do I Pay Off Tax Debt?

Tuesday, April 16th, 2013

Michael Rozbruch, certified Tax Resolution Specialist, answers a question about settling back taxes:
Question: Do I have the choice between the Offer in Compromise and the Installment Agreement when working with the IRS to settle my tax debt? And which one is better?

Answer: Great questions! The short answer for both is that each is intended for consumers in different positions, so the decision of whether to pursue an Offer in
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IRS Releases 2012 Data Book

Monday, April 1st, 2013

Thanks to Frank Byrt at The Street, we learned that the IRS announced the release of their “2012 Internal Revenue Service Data Book [1],” This annual report provides an overview of agency activities, including information and statistical tables dating from October 1, 2011, to September 30, 2012. The report provides helpful data and information on the following: returns filed, taxes collected, enforcement actions, taxpayer assistance, IRS budget and workforce, and
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Tax Expert Discusses Tax Professionals and Tax Software

Monday, March 25th, 2013

Some of you may still be deciding whether to hire a tax professional or purchase tax preparation software. In this informative video, (one part of a series that came from my appearance on the Midday Sunday Fox 11 with host Tony Valdez program), I offer the following tax help tips:

When tax preparation software works
Know when it’s time to hire a tax professional
When it’s time to hire a tax resolution specialist

(Below
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Tax Relief for Business Audits and Payroll Tax Issues

Thursday, March 21st, 2013

As Tax Day April 15th draws near, I will be reaching into archive blog posts to gather useful and informative posts that can help taxpayers avoid IRS issues and find tax relief. Today’s topic: small business tax audits.
In a previous post and TaxMan episode for the Big Biz Show, I discussed how small business owners often make themselves targets for harmful tax audits citing a tragic story of business owners
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Employees Need Tax Relief for Billions Owed in Back Taxes

Tuesday, March 19th, 2013

I wrote a Tax Matters post last week on the news that 311,566 federal workers (including retirees) owe over $3.5 billion in back taxes. Many of the details came from both Forbes and MSN who reported on this story. While this topic is quite galling in many respects, the simple fact remains; more government employees with presumably decent incomes are struggling to pay their tax debt and need tax relief.
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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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Tax Resolution Services-The Week in Tax Relief News

Friday, March 15th, 2013

Let’s recap the tax relief news we covered this week. Featured topics were: eliminating joint filing to help innocent spouses, Florida brothers sentenced for tax evasion, ways to pay your back taxes, IRS tax scams and schemes to avoid, and the Southland Better Business Bureau (BBB) LA Chapter gets expelled for “pay to play” practices.
Joint Tax Filing Thought to Help Innocent Spouses
I wrote a post titled Eliminating Joint Tax Filing
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IRS Question: How Do I Pay Off My Back Taxes?

Tuesday, March 12th, 2013

Question: I need to do my taxes for 2012, and I just don’t know what to do! I owe back taxes already, and I don’t think I can pay them. Now, this year, I’m sure I’ll just add to that tax debt. I don’t see how I can get out from under it. What options do I have?

Answer: Your situation is a tough one, but you’re asking the
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