Archive for the ‘IRS payment plan’ Category
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
Tags: certified tax resolution specialist, IRS back taxes, IRS installment agreement, Michael Rozbruch, Offer in Compromise, tax attorney, tax debt, tax relief, tax relief bankruptcy
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Discharging Taxes in Bankruptcy, Expert Help From Tax Attorney, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News, Tax Resolution Options and Alternatives, income tax relief, tax help | No Comments »
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
Tags: audit, certified tax resolutution specialist, Identity Theft, IRS Criminal Incestigation (CI), IRS penalties, IRS tax issues, IRS tax settlement, offshore bank accounts, tax attorney, tax audit expert, tax debt, tax fraud
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS Installment Agreements, IRS payment plan, IRS tax audit, Offshore Tax Settlements, Tax Evasion Advice, Tax news and tips, Voluntary Disclosure, tax help, tax resolution | No Comments »
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
Tags: Back Taxes, IRS installment agreement, IRS payment plan, Offer in Compromise, Qualified Tax Professional, settle tax debt, Tax Client of the Month, tax resolution services
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, IRS Installment Agreements, IRS Times and Inquirer, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Client of the Month, Working with the IRS | No Comments »
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
Tags: certified tax resolution specialist, IRS audit, IRS business audit, IRS penalties, IRS records, IRS tax issues, IRS tax problems, tax attorney, tax relief, Tax Resolution University blog, unfiled tax returns
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS payment plan, IRS tax audit, Penalty Abatement, Seeking Professional Tax Help, Tax Evasion Advice, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | No Comments »
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
Tags: IRS Appeals, IRS problem solver, irs tax relief, Michael Rozbruch, Offer in Compromise, power of attorney, tax expert, tax resolution expert
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, tax help | No Comments »
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
Tags: American Society of Tax Problem Solvers (ASTPS), certified tax resolution specialist, Installment Agreement, IRS audit, IRS payment plan, IRS tax issues, IRS tax settlement, Offer in Compromise, owe back taxes, tax debt, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, IRS payment plan, IRS tax audit, Offers in Compromise, Tax news and tips, tax help, tax resolution | No Comments »
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
Tags: certified tax resolution specialist, Installment Agreement, IRS penalties, IRS tax debt, IRS tax problems, Offer in Compromise, penalty reduction, tax attorney, tax help
Posted in 365 Ways to Keep the IRS at Bay, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Penalty Abatement, Tax Debt Help News, Tax Problem FAQs, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
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
Tags: back tax debt, eliminate tax debt, Installment Agreement, IRS payment plan, Offer in Compromise, outstanding tax debt, Qualified Tax Professional, reduce tax debt, settle tax debt, tax resolution services, unable to pay tax debt
Posted in Ask the Expert, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, IRS help, IRS payment plan, tax help | No Comments »
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
Tags: audit, certified tax resolution specialist, Identity Theft, IRS penalties, IRS tax problem, offshore bank accounts, offshore tax settlement, Penalty Abatement, refund fraud, tax attorney, tax issue, voluntary disclosure program
Posted in 365 Ways to Keep the IRS at Bay, IRS payment plan, IRS tax audit, Identity Theft, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Evasion Advice, Tax news and tips, Voluntary Disclosure, tax resolution | No Comments »
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
Tags: certified tax audit specialist, certified tax resolution specialist, Fox Business News, fox news, IRS audit, IRS tax help, Michael Rozbruch, Midday Sunday Fox 11 News with Tony Valdez, tax attorney, tax debt, tax expert, tax resolution expert, Tax Tips, tony valdez
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Help Video, Tax news and tips, tax help, tax resolution | No Comments »
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
Tags: certified tax resolution specialist, IRS business audit, IRS levies, IRS penalties, IRS problem solver, payroll tax debt, payroll tax issues, tax attorney, tax audits, TaxMan
Posted in 365 Ways to Keep the IRS at Bay, IRS payment plan, IRS tax audit, Payroll Tax Problems, Tax Evasion Advice, Tax Liens and Levies, Tax Relief News, Tax news and tips, tax resolution | No Comments »
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.
Tags: Back Taxes, certified tax resolution specialist, federal employees, IRS Payment Plans, irs problems, IRS tax debt, tax attorney, tax debt, Tax Matters blog, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS payment plan, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, income tax relief, tax help, tax resolution | No Comments »
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
Tags: delinquent tax returns, Earned Income Tax Credit (EITC), IRS back taxes, IRS penalties, IRS tax issues, offshore bank accounts, tax attorney, tax debt, tax problems, Tax Resolution University blog
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, Filing Unfiled Returns and Replacing Substitute for Ret, IRS payment plan, Tax Debt Help News, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
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
Tags: Back Taxes, BBB, better business bureau, Innocent Spouse, Installment Agreement, IRS tax scam, Offer in Compromise, Qualified Tax Professional, tax debt, tax relief, Tax Resolution University
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Tax Relief News, Tax Scams, income tax relief, tax help, tax resolution services | No Comments »
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
Tags: Installment Agreement, Offer in Compromise, owe back taxes, pay off back taxes, Qualified Tax Professional, tax debt, tax resolution services, tax situation
Posted in Ask the Expert, Back Taxes, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, IRS help, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, tax help | No Comments »