Archive for the ‘Offers in Compromise’ Category
Tuesday, July 26th, 2011
The “Be A Man” slogan (seen in the video below) is the advertising tagline that I used when starting Tax Resolution Services. The burnout performance by my co-star, the 1968 Oldsmobile 442, emphasizes the serious point of tax problem avoidance.
Unlike a classic muscle car that gets more valuable with age, tax issues, if not dealt with promptly, only get worse.
“Be A Man” simply means that
Tags: be a man, IRS offer in compromise program, irs tax relief, levy property, Offer in Compromise, qualified tax resolution professional, tax relief, tax resolution services, tax stress
Posted in Offers in Compromise, Tax Help Video, tax resolution | No Comments »
Sunday, July 17th, 2011
Every month 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 Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Shawn M.
Mr. Shawn M. owed the IRS close to $50,000 in back taxes. Our negotiations and advocacy resulted in the IRS accepting a settlement of
Tags: Back Taxes, Offer in Compromise, tax blog, Tax Client of the Month, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Blogs, Tax Client of the Month | No Comments »
Monday, June 27th, 2011
The FBAR… anyone familiar with that term? I would assume that most people aren’t, so let me explain. The FBAR is an acronym for the Report of Foreign Bank and Financial Accounts and is actually a form known as the TD F 90-22.1, a pdf directly downloadable from the IRS for your filing convenience. Kelly Phillips Erb, aka: Tax Girl, wrote an article for Forbes online explaining the important
Tags: FBAR, Foreign Bank Account Reporting (FBAR), foreign bank accounts, Foreign Bank and Financial Accounts (FBAR), offshore accounts, Offshore Banking, offshore tax evasion, tax deadline, tax help, tax news
Posted in IRS help, Offers in Compromise, Offshore Tax Settlements, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Working with the IRS | No Comments »
Tuesday, June 7th, 2011
Back tax debt happens to many people. The IRS does not discriminate – they aim to collect overdue taxes from everyone, including celebrities.
One of the stars of Celebrity Apprentice owes the Internal Revenue Service $50,000 in back taxes.
Actress Marlee Matlin, 45, told People magazine that she is negotiating a payment arrangement with the IRS. She and her husband, a Burbank, Calif., police officer, are also trying to sell their five-bedroom home
Tags: back tax debt, Back Taxes, Offer in Compromise, owe back taxes, settle tax debt, tax evasion, tax resolution services
Posted in Back Taxes, Celebrity Tax Woes, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise | No Comments »
Wednesday, May 18th, 2011
Many of our clients at Tax Resolution Services inquire about the Offer in Compromise program - a program established by the IRS to help consumers settle tax debt, usually at a fraction of what they owe. What most people don’t know is that the Offer in Compromise is a privilege set forth by the IRS and that a person needs to qualify for this program. How does someone qualify? Read more from the IRS Question Corner of
Tags: Installment Agreement, IRS payment plan, Offer in Compromise, Offer in Compromise program, owe back taxes, paying off back taxes, Qualified Tax Professional, qualifying for offer in compromise, tax debt, Tax Relief Consultation, tax resolution services
Posted in Ask the Expert, Back Taxes, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »
Monday, May 16th, 2011
Every month Tax Resolution Services chooses 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 Ms. Anita W.
Ms. Anita W. owed the IRS over $32,000 in back taxes. Our negotiations and advocacy resulted in the IRS accepting a settlement of just $1,793.00 via the federal government’s
Tags: Back Taxes, free tax relief consultation, IRS offer in compromise, Tax Client of the Month, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Tax Client of the Month | No Comments »
Wednesday, April 20th, 2011
Tax day has come and gone. Do you find yourself fretting about back taxes owed and wondering how you are going to pay them off? You are not alone! At Tax Resolution Services, we get inquiries everyday about settling back taxes and what tax help services are available. The questions below are perfect examples – and the answer is from one of our Certified Tax Resolution Specialists:
Question: How do I know if
Tags: certified tax resolution specialists, IRS installment agreement, IRS payment plan, IRS problem solvers, Offer in Compromise, owe back taxes, pay down tax debt, pay tax debt, Qualified Tax Professional, settle your tax debt, tax debt, tax professional, Tax Relief Consultation, tax relief options, tax resolution services, tax team, tax trouble
Posted in IRS Installment Agreements, IRS Question Corner, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise | No Comments »
Sunday, April 17th, 2011
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 Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Markos G.
Mr. Markos G. owed the IRS over $27,000 in back taxes when he sought our help. After several months of negotiations, our team of tax professionals was
Tags: Free Tax Consultation, IRS offer in compromise, Offer in Compromise, tax blog, Tax Client of the Month, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Client of the Month | No Comments »
Tuesday, March 22nd, 2011
Last week I appeared on the Big Biz Show to continue the Tax Resolution Tax Day Countdown with Russ & Sully to talk about the 7 top things business owners must know about payroll tax problems.
The IRS assigns a much higher priority to the collection of payroll taxes mainly because at the end of the year, most employees can claim the taxes deducted on their W-2s as a credit and
Tags: big biz show, IRS payroll tax help, IRS payroll tax problems, irs problems, tax help
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offers in Compromise, Payroll Tax Problems, Penalty Abatement, Seeking Professional Tax Help, income tax relief, tax help | 2 Comments »
Tuesday, March 22nd, 2011
Ian Prout, 38, of Essex, Conn., was sentenced to three months in prison, to be followed by one year of supervised release, for failing to report more than $250,000 in income on his federal tax returns between 2005 and 2007.
According to court records, Prout was a self-employed race car specialist. Typically, Prout rented the facilities for the weekend and was paid to teach high-performance car owners how to drive and
Tags: filing false federal tax returns, Free Tax Consultation, IRS installment agreement, IRS offer in compromise, IRS payment plan, Offer in Compromise, oic, professional tax team, tax evasion, Tax Relief Consultation, tax relief services, tax resolution services
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise | No Comments »
Friday, March 18th, 2011
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 tax relief business with referrals, word of mouth and repeat business.
This month’s Tax Client of the Month is Ms. Jennifer C.
Jennifer owed the IRS over $38K in back taxes when she sought our help. After several months of negotiations, we were able to settle
Tags: Offer in Compromise, tax blog, Tax Client of the Month, Tax Relief Consultation, tax relief information, tax resolution services, Tax Tips
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Blogs, Tax Client of the Month, Tax news and tips | No Comments »
Saturday, March 12th, 2011
I recently mentioned the new effort by the IRS to help consumers with delinquent back taxes avoid tax liens and become compliant in these economically challenging times.
While these tax relief efforts from the IRS would seem to be welcome news, we tax resolution experts have little hope that these changes will result in much of a break for the consumers who need it most.
Here’s why: from my experience, I have
Tags: Back Taxes, Installment Agreement, IRS help, Offer in Compromise, tax advice, tax attorney, tax help, tax relief
Posted in Back Taxes, Business Services, Expert Help From Tax Attorney, General Business, IRS help, IRS tax audit, Offers in Compromise, Tax Debt Help News, Tax Liens and Levies, Tax Resolution Options and Alternatives, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | 1 Comment »
Monday, March 7th, 2011
At Tax Resolution Services, we see many consumers who are concerned about how to pay their current taxes owed in addition to any back taxes, interest and penalties they may have accrued for unpaid tax debt. We reassure them that there are tax relief resolutions available to them. Our team of Certified Tax Resolution Specialists, tax attorneys, and CPAs find solutions for each and every consumer tax problem that is
Tags: certified tax resolution specialist, IRS installment agreement, IRS payment plan, Offer in Compromise, owe back taxes, pay down tax debt, pay down tax debt over time, tax attorney, tax debt, tax professional, tax resolution services, tax team, unable to pay tax debt
Posted in IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »
Monday, March 7th, 2011
As I continue my weekly appearances on the Big Biz Show for the Tax Resolution Tax Day Countdown, I sat down last week for a chat about the latest IRS announcement to offer tax relief for struggling consumers by making changes to the lien process.
We’ve heard this before: the IRS is kinder and gentler by promising to speed up tax relief for homeowners who are looking to refinance (2008) and
Tags: Back Taxes, big biz show, Free Tax Consultation, IRS debt, IRS help, IRS lien, irs problems, Michael Rozbruch, Offer in Compromise, tax attorney, tax help, tax relief, tax resolution services, Tax Tips
Posted in Expert Help From Tax Attorney, IRS help, Offers in Compromise, Seeking Professional Tax Help, Tax Liens and Levies, Tax news and tips, tax help | No Comments »
Friday, February 18th, 2011
When the IRS announced in 2009 a limited amnesty program for those with offshore accounts, the response was overwhelming—some 15,000 consumers came forward to disclose undeclared funds in foreign accounts, pay the piper, and become compliant. In all, the IRS netted $400 million. Buoyed by its success, the IRS has now announced a second chance at offshore tax amnesty.
As reported by the Wall Street Journal, consumers holding undisclosed offshore accounts
Tags: Back Taxes, Brian Compton, Foreign Bank and Financial Accounts (FBAR) regulations, offshore tax evasion defense, professional tax help, tax attorneys, tax resolution, undeclared funds in foreign accounts
Posted in Back Taxes, Expert Help From Tax Attorney, Offers in Compromise, Offshore Tax Settlements, Seeking Professional Tax Help, tax help | 3 Comments »