Archive for the ‘Penalty Abatement’ Category
Friday, February 10th, 2012
The U.S. Treasury Department announced this week a proposal for new regulations intended to make it easier for overseas banks to comply with Foreign Account Tax Compliance Act, or FATCA requirements.
An article in Reuters U.S. enlists 5 EU nations in offshore tax crackdown explains these proposals as the U.S. Government not only addressing concerns of foreign financial institutions regarding the Foreign Account Tax Compliance Act, or FATCA, but also the
Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, delinquent taxes, Department of Treasury, FATCA partners, FFI, Foreign Account Tax Compliance Act (FATCA), Foreign financial institutions, i need tax help, income tax relief, Installment Agreement, IRS enforcement, IRS help, IRS payment plan, IRS penalties, irs problems, tax advice, tax attorney, tax cheat, tax evasion, tax expert, tax help, tax relief, tax resolution expert, tax settlement, Tax Tips, Treasury, Treasury Department, U.S. Treasury, unfiled tax returns
Posted in 365 Ways to Keep the IRS at Bay, Banking & Finance, Expert Help From Tax Attorney, General Business, IRS Installment Agreements, IRS help, IRS payment plan, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Debt Help News, Tax Evasion Advice, Tax Relief News, Tax Resolution Options and Alternatives, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Voluntary Disclosure, income tax relief, tax help, tax resolution | No Comments »
Wednesday, February 8th, 2012
An article from TMZ titled Lil’ Kim Breaks the Million Dollar Tax Lien Mark reported on rapper Lil Kim and her current $1,026,862.42 IRS tax lien. Lil’ Kim appears to be no stranger to tax troubles as hers are well documented and stretch out over a ten year period. A spokesperson for Lil’ Kim said that she “hired professional attorneys to handle this matter” and that “she, along with her
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, IRS debt, IRS enforcement, IRS payment plan, IRS penalties, irs problems, IRS tax problems, Lil' Kim, tax expert, tax problems, tax professional, tax resolution, tax resolution expert, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, Celebrity Tax Woes, Expert Help From Tax Attorney, General Business, IRS payment plan, Penalty Abatement, Seeking Professional Tax Help, Tax Debt Help News, Tax Liens and Levies, Tax Relief News, Tax news and tips, income tax relief, tax help | No Comments »
Monday, February 6th, 2012
A recent article in Forbes, With Indictments, The IRS Will Get More Data From the Swiss stated that banks prosecuted by U.S. authorities moved money to smaller, discreet establishments such as Wegelin & Co.. Because of this, the U.S. authorities have stepped up their determination to go after IRS tax cheats and the banks that are hiding them, relentlessly. With large AND small banks like Wegelin & Co. facing indictments,
Tags: Back Taxes, IRS debt, IRS enforcement, IRS help, IRS penalties, irs problems, IRS tax problems, offshore accounts, Offshore Voluntary Disclosure Program, Swiss bank accounts, Swiss banking, Swiss banking industry, Swiss banks, tax advice, tax attorney, tax cheat, tax cheats, tax debt, tax evasion, tax expert, tax problems, tax relief, tax settlement, Tax Tips, unfiled tax returns, Voluntary Disclosure
Posted in 365 Ways to Keep the IRS at Bay, Banking & Finance, General Business, IRS help, IRS payment plan, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Evasion Advice, Tax Relief News, Tax news and tips, Voluntary Disclosure, income tax relief, tax help | No Comments »
Saturday, February 4th, 2012
The latest chapter of the IRS versus the Swiss Banks, reveals U.S. Prosecutors taking on the oldest Swiss bank of them all: Wegelin & Co.,
An article in the Wall Street Journal entitled Swiss Bank Wegelin Indicted on U.S. Tax Charges, outlines the criminal charges filed by U.S. Prosecutors on February 2, 2012 against Wegelin & Co., Switzerland’s oldest bank (founded in 1741) alleging that Wegelin knowingly aided wealthy Americans in
Tags: certified tax resolution specialist, Installment Agreement, IRS debt, IRS enforcement, IRS help, offshore tax evasion, offshore tax settlement, Swiss, Swiss accounts, swiss bank account holders, Swiss bank accounts, tax advice, tax attorney, tax attorneys, tax cheat, tax cheats, tax debt, tax evasion, tax help, tax problems, tax relief, Tax Tips, U.S. prosecutors, U.S. tax authorities, UBS, unfiled tax returns, Wegelin & Co.
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Banking & Finance, General Business, IRS help, IRS payment plan, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Debt Help News, Tax Evasion Advice, Voluntary Disclosure, tax help, tax resolution | No Comments »
Wednesday, February 1st, 2012
Michael Reiss, New Jersey doctor, professor and medical researcher, was sentenced on January 11, 2012 for failing to report his offshore (UBS) bank accounts. According to the IRS, Reiss was sentenced to eight months in a community confinement center for failing to file Reports of Foreign Bank and Financial Accounts (FBAR) with the IRS. Reiss pleaded guilty in August 2011 and agreed to pay back taxes of at least $400,000
Tags: certified tax resolution specialist, FBAR, FBAR amnesty 2011, FBAR penalties, Fbar reporting, Foreign Bank and Financial Accounts (FBAR), Foreign Bank and Financial Accounts (FBAR) regulations, Installment Agreement, IRS enforcement, IRS payment plan, IRS penalties, IRS tax problems, Michael Reis, Michael Reiss, tax advice, tax attorney, tax cheat, tax cheats, tax evasion, tax expert, tax professional, tax relief, tax resolution, tax resolution expert, Tax Tips, Voluntary Disclosure
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Banking & Finance, Expert Help From Tax Attorney, General Business, IRS Question Corner, IRS Tax Cases, IRS help, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Evasion Advice, Tax Relief News, Tax news and tips, Voluntary Disclosure, income tax relief, tax help, tax relief testimonials | No Comments »
Tuesday, January 24th, 2012
An article in Bloomberg entitled IRS Called Easy on Criminal Tax Evaders in Watchdog’s Critique outlines Nina Olson of the National Taxpayer Advocate’s concerns that intentional tax evaders get more IRS help than those who weren’t intending to hide money from the U.S. government. Olson warns that future IRS collection efforts could be jeopardized due to confusion over the treatment of accidental tax evaders.
The IRS sees
Tags: Back Taxes, certified tax resolution specialist, income tax relief, Installment Agreement, IRS enforcement, IRS help, IRS payment plan, IRS penalties, IRS tax problems, offshore accounts, offshore tax evasion, tax attorney, tax attorneys, tax cheat, tax cheats, tax evasion, tax expert, tax help, tax problems, tax professional, tax relief, tax settlement, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Expert Help From Tax Attorney, General Business, IRS help, IRS payment plan, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Evasion Advice, Tax news and tips, Taxpayer Advocate, Unfiled Returns - Delinquent Tax Returns, Voluntary Disclosure, tax help | No Comments »
Thursday, October 27th, 2011
As a self employed individual trying to make it, Sharon ran into huge IRS problems when she fell behind on her quarterly estimated tax payments. The penalties were horrific and in the end Sharon ended up owing around $93,000 dollars in back taxes and fines. That’s when Sharon decided to call Brian at Tax Resolution Services. TRS stepped in to take over Sharon’s dealing with the IRS and we were
Tags: Back Taxes, certified tax resolution specialist, client testimonials, IRS debt, IRS help, irs problems, Michael Rozbruch, Penalty Abatement, tax client, tax client testimonials, tax penalties, tax resolution expert, tax resolution services, Tax Tips
Posted in Back Taxes, IRS Tax Cases, IRS help, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax Resolution Options and Alternatives, tax help, tax relief testimonials | No Comments »
Monday, August 15th, 2011
Are wealthy Americans shuffling around the states in the attempt to gain some tax relief? In an article on MarylandReporter.com, Len Lazarick interviews a man who explains that his future move to Florida is not just an attempt to avoid the cooler climate. In the article, Tax flight a reality for Frederick business owner, Lazarick quotes Mark Graver, a Maryland native and a man with high financial success (earning over
Tags: avoiding high taxes, avoiding the IRS, Back Taxes, delinquent taxes, marylandreporter.com, tax audits, tax benefits, tax flight, tax problems, Tax Tips
Posted in IRS Tax Cases, IRS tax audit, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, tax help | No Comments »
Friday, August 5th, 2011
Feel like you deserve to deduct something and push the limits of what is legal? The IRS isn’t putting up with frivolous deduction claims, and in fact, will slap you with a fine. U.S. legal code 6702 states that “A person shall pay a penalty of $5,000 if such person files what purports to be a return of a tax …and is based on a position which the Secretary has
Tags: deductions, Forbes, frivolous claims, frivolous deductions, improper deductions, IRS help, IRS penalties, IRS tax problems, Peter J. Riley, tax help, tax problems, tax resolution services, Tax Tips
Posted in IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax news and tips, tax help | 1 Comment »
Tuesday, May 3rd, 2011
The good old days of “safe tax havens” are over.
We saw this last year with the bust of UBS and the thousands of taxpayers who owed unpaid back taxes hidden in Swiss bank accounts. They all paid their dues–in the form of heavy IRS penalties.
In a recent Wall Street Journal article, titled “Sacre-Bleu! The Foreign Account Penalty“, taxpayers are warned against non-compliance with FBAR restrictions. According to the article, “FBAR
Tags: FBAR attorney, FBAR compliance, FBAR Defense, FBAR relief, foreign bank account, offshore tax account, offshore tax evasion, tax attorney, tax help, tax relief
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offshore Tax Settlements, Penalty Abatement, tax help | No Comments »
Wednesday, April 20th, 2011
Happy post-Tax Day everybody! I hope for most of you, this means a big sigh of relief and a weight off your shoulders. However, if you didn’t have enough money to pay your taxes or have not yet filed, do not despair just yet. There’s still plenty ways you can get tax help to stay out of IRS trouble and keep those penalties low.
Last week I sat down with Russ
Tags: Back Taxes, big biz show, certified tax resolution specialist, Free Tax Consultation, IRS debt, IRS dirty dozen 2011, IRS help, IRS payment plan, irs problems, Michael Rozbruch, tax attorney, tax help, tax relief, tax resolution services
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Penalty Abatement, Seeking Professional Tax Help, income tax relief, tax help | 1 Comment »
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 »
Sunday, November 21st, 2010
As the troubled economy begins its slow rebound, year-end tax planning is more important than ever, especially if you are one of the estimated 26 million Americans who needs tax relief from back taxes owed to the IRS. With the IRS enforcement budget at a record $5.5 billion, more people than ever are a potential target of the IRS and will need to know these valuable suggestions to avoid and
Tags: certified tax resolution specialist, Free Tax Consultation, income tax relief, IRS debt, IRS help, irs problems, Michael Rozbruch, Seeking Professional Tax Help, tax advice, tax attorney, tax expert, tax help, tax relief, tax resolution, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax Liens and Levies, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Friday, November 5th, 2010
If you find yourself nervous after reading all the tax relief scam stories on the news lately, you’re not alone. After all, how can you know who to trust to solve your IRS tax problems for good?
One of the best indicators of a tax relief firm’s competence is their tax debt settlement success rate. And here’s where the taxpayer needs to be extra careful–many tax relief firms will overstate their
Tags: avoid tax relief scams, Back Taxes, Free Tax Consultation, IRS audits, IRS debt, IRS help, IRS payment plan, Michael Rozbruch, Offer in Compromise, tax attorney, tax expert, tax help, tax relief, tax relief success rate, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, Innocent Spouse, Penalty Abatement, Seeking Professional Tax Help, Statutes of Limitations – Taxpayer’s rights, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | 1 Comment »
Friday, October 29th, 2010
Employers must beware of the federal and state crackdowns on the use of independent contractors to avoid payroll tax problems and employment tax audits. But how do you distinguish between independent contractors and employees? More importantly, how does the IRS determine who owes unpaid employment taxes and who doesn’t? Consider these tips to make correct determinations of worker classifications and avoid the wrath of IRS audits for unpaid employment back taxes and
Tags: Back Taxes, business audit, delinquent taxes, employment tax audit, federal business audit, Payroll Tax Problems, tax relief, unpaid employment taxes
Posted in Back Taxes, Business Services, Expert Help From Tax Attorney, IRS help, IRS tax audit, Payroll Tax Problems, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | 1 Comment »