Archive for the ‘Seeking Professional Tax Help’ Category
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 31st, 2012
With tax day just around the corner, many taxpayers will soon scramble to get their documents organized in order to take full advantage of all the tax breaks available to them. Of these taxpayers, homeowners have a lot to gain but to getting the tax help they need, will mean preparing the dreaded and often confusing itemized deductions. A Fox Business Article entitled Six Tax Breaks Every Homeowner Should Know
Tags: certified tax resolution specialist, homeowners tax help, homeowners tax savings, IRS audit, IRS enforcement, IRS help, irs problems, IRS tax problems, tax advice, tax attorney, tax expert, tax relief, tax resolution expert, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, General Business, Seeking Professional Tax Help, Tax news and tips, income tax relief, tax help | No Comments »
Thursday, January 26th, 2012
The National Oceanic and Atmospheric Administration (NOAA) reported 12 natural disasters in 2011 that each caused more than $1 billion in damages, ranging from Hurricane Irene, to severe wildfires, tornadoes and flooding. As the victims of these disasters rebuild their lives from utter destruction, this tax season many are receiving IRS tax help.
USA Today’s article Tax Relief Possible for Losses in Natural Disasters reports the good news that taxpayers affected
Tags: certified tax relief specialist, income tax relief, IRS help, IRS problem solver, irs problems, IRS tax problems, tax advice, tax attorney, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Expert Help From Tax Attorney, General Business, IRS help, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, income tax relief, tax help | No Comments »
Tuesday, January 24th, 2012
Self-employment can be a liberating experience. You get to make your own rules, work your own hours and say goodbye to the horrors of a demanding boss. With this freedom comes responsibility and handling all your business affairs now solely rests on your shoulders, including paying your own taxes. A recent Ledyard-Patch article entitled Self-Employed? IRS Says You Should Read This reminds us that the self-employed are urged to get
Tags: IRS audit, IRS help, IRS penalties, irs problems, IRS tax audit, IRS tax help, IRS tax problems, irs tax relief, tax advice, tax expert, tax help, tax problems, tax professional, tax relief, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, General Business, IRS help, IRS tax audit, Seeking Professional Tax Help, Small Business Taxation, Tax news and tips, Working with the IRS, income tax relief, tax help | 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 »
Saturday, January 21st, 2012
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 Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Joe F.
Mr. Joe F. owed the IRS $16,000 in back taxes when he sought help. After several months of negotiations, we were able
Tags: IRS offer in compromise, Offer in Compromise, settling tax debt, Tax Client of the Month, tax debt, tax debt relief, tax resolution services
Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, Seeking Professional Tax Help, Tax Client of the Month, Tax news and tips | No Comments »
Thursday, January 19th, 2012
While cutting government spending is often seen as a good thing, in the case of the IRS, it may be having the opposite effect. Forbes featured an article IRS Advocate: New Taxpayer Rights Crisis Is Brewing highlighting the release of a recent annual report to Congress by National Taxpayer Advocate, Nina E. Olson. Olson, known for being one of Washington’s most outspoken officials, states her concerns for current IRS policies
Tags: Back Taxes, certified tax resolution specialist, income tax relief, IRS audit, IRS enforcement, IRS help, IRS payment plan, irs problems, IRS tax problems, Professional Tax experts, tax advice, tax debt relief, tax gap, tax relief, tax resolution expert, tax settlement, Tax Tips, Taxpayer Advocate
Posted in 365 Ways to Keep the IRS at Bay, IRS help, IRS payment plan, IRS tax audit, Seeking Professional Tax Help, Small Business Taxation, Statutes of Limitations – Taxpayer’s rights, Tax Debt Help News, Tax news and tips, Taxpayer Advocate, income tax relief, tax help | No Comments »
Thursday, January 19th, 2012
Question: I’ve likely waited way too long, but now that we’re into 2012, I really want to get a handle on my tax debt. In fact, I want to eliminate my tax debt. What advice do you have for me?
Answer: The first thing you should do — and you should do this immediately — is visit a qualified tax professional. He or she will discuss with you your current
Tags: eliminate tax debt, IRS installment agreement, Offer in Compromise, pay off your tax debt, payment plan with the IRS, Qualified Tax Professional, tax debt, Tax Relief Consultation, tax resolution services
Posted in IRS Question Corner, IRS Times and Inquirer, Seeking Professional Tax Help, Tax news and tips, tax help | No Comments »
Monday, January 2nd, 2012
Happy New Year! This year, why not keep on top of your taxes? If you owe IRS back taxes, read on! The IRS has a new tool in tax collection, aimed at better recovering taxes owed from taxpayers. The IRS is now using analytics to:
–collect back taxes
–detect tax fraud schemes
–reduce the number of fraudulent refunds the agency pays out
The IRS has contracted SAS Institute for $6.25 million to use their data
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, IRS debt, IRS help, irs problems, tax advice, tax attorney, tax expert, tax help, tax relief, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS help, Seeking Professional Tax Help, Tax news and tips, tax help, tax resolution | No Comments »
Friday, December 30th, 2011
With numerous offshore account dramas unfolding recently, the IRS has been taking a closer look at offshore foreign accounts of US taxpayers. Taxpayers who have such financial interests in and/or signature authority over foreign accounts are already required to file a Report of Foreign Bank and Financial Accounts (FBAR) form if the combined value of their financial accounts exceeds $10,000 during the calendar year. Recently IRS sent out a reminder
Tags: certified tax resolution specialist, FBAR, Foreign Account Tax Compliance Act, Foreign Bank and Financial Accounts (FBAR), Form 8938, IRS help, Offshore Account Disclosures, offshore foreign accounts, tax relief, tax resolution, Tax Resolution Specialist, Tax Tips
Posted in IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Relief News, Working with the IRS | No Comments »
Thursday, December 29th, 2011
At Tax Resolution Services, we help individuals and small businesses find a solution for their IRS tax problems. For a small business owner, this means not only spelling out the resolution process, but also the assessment and prevention of future tax issues down the road. It cannot be said enough that sound legal and financial advice helps to streamline operations and is key to small business success both in good
Tags: certified tax resolution specialist, income tax relief, IRS debt, IRS help, irs problems, small business tax advice, small business tax debt, small business tax help, small business tax tips, tax attorney, tax problems, tax professional, tax resolution, tax resolution services, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Business Services, Expert Help From Tax Attorney, Seeking Professional Tax Help, Tax news and tips, tax help | No Comments »
Friday, December 23rd, 2011
This Tuesday, a deadline passed in which 11 Swiss banks were given an IRS ultimatum to hand over account information and pay billions in fines to avoid US tax evasion prosecution. However, what the banks have not divulged are the claims that they would also have to provide all correspondence of their offshore clients over the last 11 years. An online article from “US tax “ultimatum” has Swiss banks sweating”
Tags: Back Taxes, certified tax resolution specialist, Foreign Bank and Financial Accounts (FBAR), IRS enforcement, IRS payment plan, IRS penalties, irs problems, tax attorney, tax cheat, tax evasion, tax expert, tax help, tax problems, tax settlement
Posted in 365 Ways to Keep the IRS at Bay, Expert Help From Tax Attorney, Offshore Tax Settlements, Seeking Professional Tax Help, Voluntary Disclosure, tax help | No Comments »
Tuesday, December 20th, 2011
Question: I’ve been struggling with IRS debt for a couple of years now. How do I know whether the Offer in Compromise or Installment Agreement is the right program for me?
Answer: Ultimately you’ll need to consult in person with a qualified tax professional to find out exactly whether the Offer in Compromise or Installment Agreement is right for you, but it might help if you understand each program and
Tags: Installment Agreement, IRS debt, Offer in Compromise, owe back taxes, pay off back taxes, Qualified Tax Professional, tax debt, tax resolution services
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help | No Comments »
Tuesday, December 20th, 2011
Many Americans like preparing their taxes every year; it helps them feel in control of their finances and they don’t want to pay someone else to do it. With a tough economy still lurking and the availability of low-cost often free tax preparation software, many are inclined to cut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, income tax relief, IRS debt, IRS enforcement, IRS help, IRS penalties, irs problems, IRS tax problems, tax attorney, tax debt, tax evasion, tax help, tax problems, tax relief, unfiled tax returns
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Banking & Finance, General Business, IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, Voluntary Disclosure, Working with the IRS, income tax relief, tax help | No Comments »
Wednesday, December 14th, 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. Larry B.
Mr. Larry B. owed the IRS over $179,000.00 when he contacted our office. Our negotiations and advocacy resulted in the Franchise Tax Board accepting
Tags: Offer in Compromise, 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 »