Archive for the ‘Seeking Professional Tax Help’ Category

Save Tax Documents to Prove Your Reasonable Cause When Seeking an IRS Penalty Abatement

Friday, November 6th, 2009

If you are being accused of failure to file taxes by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it is wise to keep important records that may later help you prove your innocence to the IRS.
Without strong evidence, it is highly unlikely that you will
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Tax Help For Ponzi Scheme Victims as Madoff’s Accountant Pleads Guilty

Thursday, November 5th, 2009

On Tuesday Madoff’s long-time accountant, David G. Friehling, pleaded guilty in the criminal investigation of the 20-year “Ponzi Scheme” that lost investors a total of $21.1 billion in cash.
According to the New York Times, “Mr. Friehling also pleaded guilty to three counts of obstructing the administration of the federal tax laws - charges added within the last five days to the government’s original complaint.”
This recent development shines light that may
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IRS Installment Agreement Fulfilled By Life Insurance Benefits in Recent IRS Case

Tuesday, November 3rd, 2009

In certain cases when a married couple with an installment agreement cannot pay off the full amount, the IRS Chief Counsel can sometimes recommend that the IRS accepts the assignment of death benefits if one of the taxpayers dies.
In a recent case, one spouse of a married couple died before the installment agreement ended. The IRS wanted to seize all assets of the taxpayer covered by the agreement but was
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Democrats Offer Bill to Prevent International Tax Evasion–Taxpayers Can No Longer Use Foreign Bank Accounts to “Hide” Income

Friday, October 30th, 2009

Earlier this week, Democrats offered a bill that will strengthen the IRS’s ability to crack down on tax cheats who “hide” their full income by using foreign bank accounts.
Following the latest UBS deal that brought 7,500 Americans forward who had previously concealed their foreign bank accounts from the IRS, this new bill “would impose new reporting requirements on foreign financial institutions doing business in the United States, and on American
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IRS Tax Debt Relief News-The TRS Files Offers Hope to Taxpayers Who Owe the IRS

Thursday, October 29th, 2009

Tax problems are tough to deal with–especially when the economy is not looking good. While it may be difficult to talk about your tax problems, it’s important for you to know that there are many taxpayers just like you who have resolved their overwhelming IRS debt by seeking professional tax help.
There are many reasons why taxpayers procrastinate on resolving their tax problems. Oftentimes, it can be easy to get paralyzed
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IRS Heightens Scrutiny of the Wealthy - High Incomers Can Expect Tougher Tax Auditing Strategies

Thursday, October 29th, 2009

While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.
This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will
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First Prosecution of an Offshore Account Holder in a UBS Tax Case Sends Message: IRS Will Not Tolerate Offshore Tax Evasion

Thursday, October 29th, 2009

On Friday, the first American was prosecuted in a UBS tax case and sentenced to house arrest after admitting he concealed about $6 million in assets from the IRS.
Americans who missed the October 15th deadline for tax amnesty can still reduce severe IRS penalties for offshore accounts (including FBAR penalties that can amount to 200-300% of the asset value of the account!) Account holders need to get expert tax help
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The IRS Voluntary Disclosure Program is Over for Those Hiding Money Overseas - Reducing IRS Penalties is Still Possible with Help from a Tax Professional

Tuesday, October 27th, 2009

The IRS Voluntary Disclosure Program ended on October 15th.  For U.S. taxpayers who have been hiding money in Zurich, expect indictments and harsh prison sentences from the IRS.

By Michael Rozbruch, Certified Tax Resolution Specialist
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For the more than 4,450 U.S. taxpayers who have bank accounts in Switzerland and haven’t told Uncle Sam, time’s up.
In an unprecedented settlement with the Swiss government and Swiss bank UBS, the Department of Justice and Internal Revenue
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Ask The Tax Resolution Expert - How You Can Avoid Paying Taxes on “Cancellation of Debt”

Monday, October 26th, 2009

Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid
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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
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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

Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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Question: I’ve been reading your newsletter, and I understand why the IRS Offer in Compromise program is an excellent one for those
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TRS Files Features Stories of Tax-Burdened Americans and Their Life-Changing Decisions to Get Tax Help

Wednesday, October 21st, 2009

During down economic times where money is scarce, having IRS tax debt is the last thing anyone needs on their plate. Yet, many Americans are staying up at night plagued by anxiety over their tax problems without knowing what to do.
We have recently launched TRS Files, which features real-life individuals just like you who found themselves being targeted by the IRS and their life-changing decisions to put their tax troubles
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Tax Relief Firm Effectur Closes its Doors - Leaves Taxpayers Still in Need of Tax Help for Settling IRS Debts

Tuesday, October 20th, 2009

As the economy continues to lag and taxpayers battle their anxiety over IRS tax problems such as back taxes, bank levies, and paying off IRS penalties, a Southern California competitor, Effectur, has officially shut its doors.
Due to the poor economy and a lack of cash flow to sustain normal business operations, Effectur announced its closure on its website that is lender has repossessed all company assets including money paid by
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Advanced Seminars on Assuring Top Quality Tax Representation for Seasoned IRS Problem Solvers

Friday, October 16th, 2009

Today I’m in Las Vegas at the American Society of Tax Problem Solvers (ASTPS ) national conference. I’ll be leading 2 workshops for tax relief professionals. For the first time, ASTPS is offering SUPER Advanced Seminars geared towards highly experienced practitioners - and I’m grateful for this opportunity to share my real world experience and knowledge to help other seasoned professionals grow their practices.
And I’m in good company along with
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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
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