Question: I’ve read that you can greatly reduce your tax debt by signing up for an Offer in Compromise? What is that, and how can I sign up?

Answer: Great questions. In fact, those are the types of questions I’ve seen change the lives of tax clients.
I know that sounds ridiculous. But it’s true.
Here’s why: For taxpayers in substantial debt to the IRS, an Offer in Compromise can eliminate that
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Like an emergency facility does for an incoming patient, we deal with our client’s immediate tax problems by assessing their individual situation and then taking the necessary steps to relieve their burden of stressful tax related issues. I talked about this (see video below) at Tax Resolution Services, Co. headquarters but wanted to expand on it more here on our Tax Resolution University blog.
The current economic climate has contributed to
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Latest edition of tax help news covering all things tax, from small business tax break checklists to furry feline tax court. This week we’ve Stumble(d)Upon the following tax news and cases:
The Real World: Tax Tips for Summer Workers – Is your son or daughter still looking for a job this summer? Consider employing them for your business and save big time on taxes! Check out this checklist for tax-saving tips as posted
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Tax questions from people facing tax problems are common in our office.  Here is a question from a person owing back taxes and our advice on what can be done.
Question: I closed my business a year ago, and then I took some bad advice. I just found out I owe a lot in back taxes, and I’m feeling hopeless and helpless. What can I do?

Answer: Let me first assure
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Check out this week’s edition of Tax Help News Round Up – bringing you news for anything and everything tax! At Tax Resolution Services, Co. we offer expert tax help not only by fighting on your behalf to settle back taxes and resolve any IRS debt, but we strive to educate consumers on tax news and developments to be aware of. The tax world is not stagnant – just because
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I was recently quoted in the Fiscal Times article “Tax Bill Blues: What to do if You Can’t Pay the IRS.” Writer Emma Johnson explores how American consumers can feel paralyzed with anxiety when they are looking at a big tax bill but just don’t have the cast to pay it. She also emphasizes the importance of taking action – because ignoring the problem is only going to make  the Internal
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Bringing you another edition of tax help news from the blog-o-sphere, including tax tips, tweets and everything tax! At Tax Resolution Services, Co. we like to keep up with what is going on in the tax world. Not only does this enable us to offer expert tax help, but we strive to educate consumers on current news and relevant tax content.
Check out some of the recent tax buzz we’ve Stumble(d)Upon upon
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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
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This February the IRS made a major announcement regarding their new effort aimed at helping taxpayers who are struggling. These new policies and programs will be put in place to 1) assist consumers in paying their back taxes and 2) avoididing tax liens.
This isn’t the first time the IRS has tried to be generous with taxpayers by offering them a ‘break‘. This IRS announcement nearly boasts that this is another
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While many consumers are still struggling to make ends meet in this current economy, the IRS recently announced changes to the lien process that is meant to give consumers “a break.”
According to the IRS press release, the lien process is going to undergo some changes, including:

Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
Making it easier for taxpayers to obtain lien withdrawals after paying
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Earlier this month we mentioned that the IRS have over $164.6 million in undelivered refund checks and want to deliver them to the rightful taxpayers. 111,893 taxpayers who are owed a refund check this year never received it because of  simple mailing address errors. To solidify these almost too-good-to-be-true IRS news, Chris Knape from mlive.com reports that 2,297 of those taxpayers are Michigan residents and are owed $3 million in
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This holiday season, taxpayers may want to give gifts to family members or charitable institutions that help them make the most of allowable tax deductions and tax benefits. Unfortunately many people have made mistakes giving in ways that get them on the IRS naughty list. Learn more about how to save on your tax bill while keeping you out of IRS tax trouble with these IRS-friendly gift-giving tips.
Many individuals
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Even the IRS is feeling the festive holiday spirit! And this means possibly a bit of tax relief in time for the holidays. The bureau announced this month that they have over $164.6 million in undelivered refund checks and want to deliver them to their rightful owners. What does this mean for you? If you are one of the 111,893 taxpayers who are owed a refund check but never received
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Sometimes back taxes happen to good people. If you owe the IRS money for unpaid taxes, then you are probably feeling overwhelmed by the desire to stick your head in the sand and are in desperate need of professional back tax help. If you owe back taxes you can’t afford to pay, don’t panic. Check out these insider tax tips that can help you obtain immediate tax relief to help
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One of our clients, Brenda V., a taxpayer from West Covina, CA, owed 6 years’ worth of back taxes to the IRS –  amounting to more than $38,000 before qualifying for a tax settlement of $582 through the IRS Offer in Compromise (OIC) program. The OIC program enables a taxpayer without the means to pay off IRS debt to permanently settle that debt for less than the amount owed.
Brenda V.
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