Archive for the ‘IRS Question Corner’ Category

Ask the Tax Resolution Expert: The IRS Offer in Compromise Program is an Option to Resolving Tax Debt

Friday, January 8th, 2010

Tax debt can be serious, large and feel crippling.  When dealing with a large amount of taxes owed, it is advisable to seek professional tax services to explore your tax relief options.  If you are not sure what kind of tax help you may need, call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
———
Question: New Year’s Resolution: I want to get rid of my tax debt! I owe a lot too. A
[Read More]

Can’t Pay Your Back Taxes? Get Tax Help to Make the IRS an Offer They Can’t Refuse

Wednesday, December 30th, 2009

I always say that the best negotiation advice is: Every one walks away a little “hurt.” Even if you can’t pay your back taxes, a Certified Tax Resolution Specialist who is a tax attorney or CPA, can give you the help you need to settle your debt including negotiating a reasonable monthly payment plan or an offer in compromise settlement that pays a fraction of what is owed.
When fighting
[Read More]

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]

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]

Ask The Tax Resolution Expert – How You Can Avoid Paying Taxes on “Cancellation of Debt”

Monday, October 26th, 2009

Got a question for our tax expert? Call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid paying taxes on “cancellation of debts”  like the one below.
————
Question: We own a 2001 Monaco Windsor Motor Home.  Current market value is approximately $95,000.  We owe approximately $155,000 on this vehicle.  For tax reasons it is treated
[Read More]

Top 7 Tax Resolution Lessons Learned from the Worst Cases of Celebrity Tax Evasion

Thursday, October 22nd, 2009

Celebrities, just like average taxpayers, can run into serious IRS problems. You have an edge over the high-profile celebrity tax cheats in that you can learn how to avoid IRS tax problems from the worst celebrity tax evasion cases.
Recently Access Hollywood compiled a list of celebrity tax cheaters who found themselves in deep IRS trouble with Uncle Sam. With thousands of fans and loyal followers, ending up on the
[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]

TRS Files: Tax Relief Client Saves $92,000 and Has IRS Liens Permanently Removed

Wednesday, October 14th, 2009

Are IRS tax problems keeping you up at night? You can choose to resolve your problems today and have it all go away by getting expert tax help from TRS.
We’ve been featuring real life tax relief clients on the TRS Files to help people who are being targeted by the IRS get the help they need to resolve their back taxes and IRS debt. I recently shared the story
[Read More]

Ask the Tax Resolution Expert – Qualifying for the IRS Offer In Compromise Program for Taxes Owed

Friday, September 18th, 2009

Tax Resolution Services team of tax attorneys and IRS specialists offers people seeking tax relief a FREE tax consultation!  Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com to get answers to your IRS questions!
——
Question: Give it to me straight and easy. If I owe money to the IRS that I cannot find a way to pay back, how do I go about qualifying for and negotiating with the IRS in
[Read More]

Tax Help For UBS Account Holders Seeking IRS Tax Relief For Tax Evasion Charges

Tuesday, August 25th, 2009

It’s official–UBS, the Swiss Banking Giant has reached a deal with the US Government and the Swiss Government to release around 4,450 names of American account holders suspected of tax evasion.
The US Government estimates there to be $18 billion hidden in these offshore accounts–giving the IRS plenty reason to scrutinize and audit both the innocent and guilty in the upcoming months.
If you have a UBS account and have not paid
[Read More]

Ask The Tax Resolution Expert – Is the IRS Offer in Compromise Program or IRS Payment Plan for me?

Saturday, August 15th, 2009

Wondering about IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions?  Call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com to get them answered!
——
Question: Like others who have asked questions here, I owe a substantial amount to the IRS. But I fear I won’t qualify for the Offer in Compromise programyou have mentioned, because I still make a sizeable salary. Do
[Read More]

Ask the Tax Resolution Expert – Tax Solutions for Tax Debt

Tuesday, July 28th, 2009

Don’t let your back taxes add up!  Tax Resolution Services is a team of tax attorneys and tax specialists that can help you!  We even offer tax advice and answer questions – for free! – on our tax blog!  Got a tax question?  Call our office at 10866-IRS-PROBLEMS or visit www.taxresolution.com
————
Question: I owe a lot of money in back taxes to the IRS. I’d prefer not to go into details,
[Read More]

Tax Evasion Schemes Are Too Costly To Be Worth The Effort

Wednesday, July 22nd, 2009

In the current environment of increasing IRS enforcement efforts, it is unwise for taxpayers to evade taxes and think that they can get away with it.
While it may be true that a small percentage of tax evaders could enjoy a few years of “freedom” from the IRS, the ones who do get caught could be served with debilitating bank levies and heavy wage garnishments for life. (And you never know
[Read More]

Ask the Tax Resolution Expert – Offer in Compromise Can Help with Tax Debt

Wednesday, June 24th, 2009

Taxes can be complicated.   Got questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief? Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a risk-free tax resolution consultation.
—————
Question: I have a lot of debt, including tax debt. How I amassed this debt isn’t important right now. What is important
[Read More]

Ask the Tax Resolution Expert – Which is Better: Installment Agreement or Offer in Compromise?

Wednesday, May 20th, 2009

Got tax questions?  Tax season is not the only time to have your tax questions answered.  To answer your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief, call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
————
Question: I’ve read a little bit about the Offer in Compromise and the Installment Agreement. Which one is better?
Answer:  The question
[Read More]