Archive for the ‘Penalty Abatement’ Category

Tax Relief News: Expert Tax Relief Can Help Protect Taxpayers Faced With Mounting IRS Back Taxes

Monday, October 18th, 2010

Contrary to what some TV advertisements will have consumers believe, not everyone is eligible to save “pennies on the dollar” on their back taxes. In these cases, expert tax help is still vital in preventing or halting debilitating IRS collection tactics so struggling taxpayers can preserve their finances to the greatest degree possible.
Many taxpayers in the current economic downturn are struggling to make ends meet, have lost theirs job, are
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Top Tax Relief Lessons Learned from Celebrity Tax Woes

Friday, October 8th, 2010

Celebrities have been making a splash in the news lately; we’ve seen celebrities like Reggie Bush, Paul Hogan and Wesley Snipes make headlines for evading their tax obligations. While the media spotlights celebrity tax evasion stories, it’s not just the rich and famous who end up targeted by the IRS.
It’s a huge mistake to believe that the IRS only goes after the big fish. The truth is, the IRS is
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Tax Relief News: Taxpayers Can Still Receive Tax Help as IRS Tax Extension Deadline Approaches

Sunday, September 26th, 2010

For those taxpayers who filed last April for an extension, time is running out to file any delinquent tax returns and avoid crippling IRS problems. However, if you were one of many who lack the funds to pay IRS back taxes in full, you may be tempted to not file a tax return at all. And that is a big mistake.
The worst thing to do is avoid tax obligations. I
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Tax Relief – Top 10 Ways to Reduce Back Taxes and IRS Debt

Wednesday, September 22nd, 2010

Do you find dealing with the IRS frustrating? Intimidating? Time-consuming? How about all of the above? You’re not alone.
While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (specialized tax attorneys, CPAs, and Certified Tax Resolution Specialists) in order to maximize their chances of winning a tax settlement while minimizing their contact with the IRS agents.
So what are some of the tax relief
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Top Tax Help Resources for Business Owners Facing Employment Tax Audits–The IRS Is Ready, Are You?

Wednesday, September 15th, 2010

You may have already heard that the IRS is planning to audit some 6,000 businesses (emphasizing companies who categorize their employees as independent contractors) in the upcoming years. The question is: are you ready for it?
It is estimated that companies underpay employment taxes by $14 billion each year. The IRS is selecting 2,000 companies at random each year for the next three years and putting their most experienced agents on
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Tax Relief News: Geithner’s TurboTax Defense is Not Reasonable Cause for Understatement of Taxes

Friday, August 6th, 2010

In recent U.S. Tax Court News, Treasury Secretary Tim Geithner, who owed $34,000 in back taxes and didn’t pay all of it until Obama nominated him, was not granted penalty abatement. His defense that he relied on TurboTax to prompt him to pay his self- employment taxes was rejected and does not excuse him from penalty or errors on his tax return.
I know from negotiating cases with the IRS day
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UBS To Disclose Offshore Account Holders Details to IRS: Act NOW to Reduce Severe Penalties

Friday, June 18th, 2010

This week the Swiss parliament accepted a treaty with the United States, agreeing the terms which would have UBS, Switzerland’s largest bank, disclose the names of 4,450 American account holders suspected of tax evasion to the IRS. This decision comes after a three year battle between U.S. tax authorities, the IRS and the Swiss bank over the bank’s involvement in allowing American clients to cheat the tax system by hiding
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Essential Information for Tax Relief: What You Need to Know if the IRS is After You

Wednesday, June 9th, 2010

On Saturday, June 5 Tax Resolution Services sponsored the KFI Law Day free event for the public to receive expert tax help and tons of free legal advice from over 100 lawyers specializing in all areas of the law.
I put together a presentation for a seminar I gave at Law Day that I think provides a lot of great IRS tax advice.  For some useful tax help and tax relief
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Tax Resolution Services, Co., Helps Taxpayer Resolve $150K in Back Taxes and Receive IRS Refund

Friday, May 21st, 2010

Tax Resolution Services, Co., (TRS) recently helped Eddie S. from Los Angeles, CA, who owed over $150,000 in back taxes, interest, and penalties permanently settle his IRS debt. With our help, Eddie had over $75,031 in penalties forgiven and received a refund from the IRS for more than $84,000 on interest paid!
There are 148 different types of penalties that the IRS can hit you (as a taxpayer) with. Fortunately, you
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IRS Tax Relief News: Tax Case Convictions on the Rise For Americans with IRS Problems

Thursday, May 6th, 2010

With IRS enforcement on the rise – more people than ever will need expert and qualified IRS tax relief. If you’ve put yourself in a situation for which you could be prosecuted on tax charges, there’s something you should know: Your chances of convictions are high.
There are not many situations scarier than being in tax trouble. Whether you’re worried about the tax man knocking at the door or staring down
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IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Friday, April 30th, 2010

With the April 15th tax filing deadline already passed, what can you do if you’re one of thousands of taxpayers who just don’t have the cash to pay Uncle Sam?
The good news is, there are still IRS tax relief options for you if you did not pay two weeks ago. According to a  MarketWatch article, your best bet is to still file your tax return even if you don’t have
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Tax Client of the Month Receives Over $84K in Penalty Abatement Refund!

Thursday, April 29th, 2010

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 Mr. Eddie S!
Eddie owed the IRS over $150k in taxes including penalties and interests. We successfully abated the penalties in the sum of over $75,031
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Last Minute IRS Tax Relief Tips for Filing 2009 Tax Returns and Resolving Back Taxes

Monday, April 12th, 2010

With just days until federal and state taxes are due, taxpayers who cannot afford to pay their 2009 taxes need to know that they still have IRS tax relief options they can utilize in order to avoid severe IRS penalties and the long-term consequences of unfiled tax returns.
If you don’t have enough money to pay the IRS this year, send in a $10 check with your tax returns on April
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Top Tax Help Resources For Last Minute Filers as April 15th Approaches

Tuesday, March 30th, 2010

One of the best ways to stay out of IRS trouble is to educate yourself on what your tax obligations are, how to avoid common tax mistakes, and where to find tax help.
To continue our compilation of top tax help topics, we have listed our top “go-to” tax information resources. Got tax questions? Check out our tax help solutions.
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Tax Help Glossary
Tax jargon can get convoluted and confusing. If you do
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Tax Resolution Scams on the Rise: How to Avoid Tax Settlement and IRS Debt Relief Scams

Monday, March 29th, 2010

Tax resolution scams are on the rise as unethical tax relief companies are taking advantage of the increased number of taxpayers under threat of IRS audits and back taxes.
Because the IRS is increasing enforcement to unprecedented levels, there’s been an increase in the number of unethical tax resolution scams preying on people who owe back taxes. This year we’ve already seen rising numbers of consumer complaints about tax resolution scams.
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