What investors need do as the year draws to a close is take advantage of opportunities to improve their tax situation by getting the tax help they need to make strategic decisions for managing their investment portfolios.
However, with the current recession and federal tax revenues declining, investors should be aware that the IRS is going to take every step it can to collect what’s due. So the most important tax
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You may have seen our new campaign featuring The TRS Files, real-life tax resolution stories designed to help Americans with IRS tax problems know that they’re not alone. We created the campaign to educate taxpayers on their options for immediate and permanent tax relief - so they don’t have to bear the burden of dealing with the IRS on their own!
People have been asking me about the TRS Files spokesman.
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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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To help taxpayers like you and me survive through this economic recession, the government is making efforts to put more money in the people’s pockets–especially those who make a low income, Social Security and Railroad Retirement beneficiaries, and recipients of certain veteran’s payments.
You can find out if you qualify to receive the economic stimulus rebate by checking out the Q & A on the IRS website.
The pre-requisite for anyone wishing
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After his comeback fight with Juan Manuel Marquez, Mayweather Jr. agreed to pay the IRS $5.6 million in back taxes before the IRS took it out of his purse.
According to the LA Times, “the IRS sent the Nevada Athletic Commission a levy notice on Sept. 4 ordering Mayweather’s unpaid taxes from 2007 to be deducted from his $10-million fight purse.” Essentially, the IRS managed Mayweather’s cash flow for him by
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The IRS can be difficult to understand–they have a whole set of terminology that is not used in any other realm except the one concerning taxes. So on top of understanding your legal tax obligations, it’s also important to know what key tax terms mean. Resolving your IRS problems can be frustrating and complicated, but getting the tax help you need doesn’t have to be.
This combination of deciphering the IRS
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There been lots of tax news and buzz about the extension of the tax amnesty period for offshore account holders. But something that has not been in the spotlight quite as much is how you will need expert tax help to take advantage of this so-called leniency from the IRS.
Brian Compton, my associate and the President of Tax Resolution Services, was recently interviewed by Rob Lever from the international publication�
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As the IRS Amnesty Period is drawing quickly to its expiration date next Wednesday, September 23rd, 2009, overseas account holders must act quickly to voluntarily disclose their funds abroad to reduce their chances of criminal prosecution.
Over Labor Day weekend, a member of the wealthy and privileged elite, Finn M. W. Caspersen, took his own life in the Shelter Harbor Golf Club in Rhode Island. Authorities believed that Caspersen may have
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The IRS is stepping up its creativity by utilizing resources that stem beyond the basic IRS database. Recently, the IRS announced that it plans to expand a program that cross-references between the IRS database and mortgage payment databases to catch any inconsistencies.
The Treasury Inspector General for Tax Administration announced that the IRS will use the mortgage-interest payment databases to inspect and find non-filers as well as people who reported less
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In my industry, I see many cases where taxpayers could avoid or reduce IRS penalties if they provide sufficient documentations that substantiate their business deductions.
Upon IRS request, you must have sufficient documentation to prove the legitimacy of your tax deductions in order to avoid tax evasion charges. If however, you are unaware of illegal deductions that your spouse made on your joint tax return, you are eligible to file for
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Congratulations and good luck to TaxMasters! Earlier this week, TaxMasters, Inc. received its stock trading symbol and is now officially a publicly traded company.
As the CEO of the only certified national firm of tax problem resolution specialists, I would like to extend my congratulations to them. This event is indeed a milestone for the tax relief industry as a whole and is a sign of the times that more
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If you are currently dealing with tax problems, now is a good time to get tax help before the new tax hikes kick in. The Obama Administration is continuing with its steadfast endeavor to collect back taxes as well as to collect more taxes from the wealthy and powerful.
Currently planned for 2011, Obama’s biggest tax hike will affect married filers making over $250,000 and singles making more than $200,000. In
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For small business owners, it can get tricky in gloomy economic times to keep up with making payroll tax deposits to the IRS.  Oftentimes, the challenges could be simply about how to keep the lights on while still paying employees every month.
In recent months, the IRS has been pressured to close down on the $345 billion a year tax gap by going after the largest contributor of this tremendous sum
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Wondering about IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.  Look for tax advice on our blog - it’s free!�
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Question: Like others who have asked questions here, I owe a substantial amount to the IRS. But I fear I won’t qualify for the Offer
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An Ohio businessman has been charged with attempting to evade his 2004 income taxes after he followed the erroneous advice of a person claiming to be a tax professional.
According to court records, Stephan Karchut, of Cortland, Ohio, the sole operator of a business known as PC Surveillance, failed to file income tax returns for the years 2002 to 2004, on false advice that under Section 861 of the IRS code
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