Archive for the ‘tax help’ Category

IRS Warns of New Phone Tax Scam

Friday, November 8th, 2013

According to a recent press release, the IRS is sounding a warning about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. We initially reported on this scam in a previous post during the government shutdown. It was clear that these brazen thieves were taking advantage of the fact they could continue their crimes essentially without getting caught.

Victims are told they owe money to the IRS and
[Read More]

After Shutdown, Tax Collections Still Are a Priority

Wednesday, November 6th, 2013

For 16 days, the government shut down effectively halted tax enforcement and collections. Now that the IRS is running at full steam again, should you be concerned?
————————–
The government shutdown from October 1 to October 16 closed not only the most critical U.S. government offices; it also furloughed the most essential federal employees. For 16 days, the business of tax collections: analyzing returns, auditing taxpayers, and filing tax liens, effectively
[Read More]

IRS Tax Problems-Agency Delays Start of Filing Season

Friday, October 25th, 2013

The government shutdown earlier this month did more than fray the nerves of citizens. It also delayed the start of the tax filing season. An article by MSN Money titled: “Shutdown causes IRS to delay tax filing season” cites an IRS press release sent out on October 22 announcing an up to two week delay to the start of the 2014 filing season due to the 16-day federal closure. The
[Read More]

Offer in Compromise Saves Tax Client of the Month $75,000

Sunday, September 22nd, 2013

Every month at Tax Defense Partners 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 our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Thomas and Ms. Karen D.
Mr. Thomas & Ms. Karen D. owed the IRS over $79,000 in back taxes. After several months of
[Read More]

Madoff Victims Still Waiting for Investment Fraud Relief

Friday, September 20th, 2013

It appears that some of Bernie Madoff’s Ponzi scheme victims will have to wait a little longer get their money back. CNNMoney’s article titled: “More than $2 billion for Madoff victims is still in limbo” details information provided by Securities & Exchange Commission (SEC) veteran and hedge fund founder Richard Breeden. Breeden was appointed by the U.S. Department of Justice in December of 2012 as “special master” of the distribution
[Read More]

Tax Relief Tips-More Top Tax Audit Triggers to Avoid

Thursday, September 12th, 2013

A tax audit either by the IRS or state taxing authority is no picnic. The process is intimidating, time-consuming, and can be costly especially if you are assessed additional taxes. It’s important that you know how an audit is triggered so that you can prevent one from happening to you. The latest Tax Audit Defense Top Five Audit Triggers to Avoid infographic highlights five top triggers so you can avoid
[Read More]

Tax Problems-Michael Jackson Estate Gets Assessed by IRS

Tuesday, September 3rd, 2013

There are ways to value the worth of tangible items like real estate or cars for estate tax purposes. However, placing a dollar amount on the image of a celebrity is a more complicated and disparaging process as the estate of the late Michael Jackson is finding out. An NBC News Business article titled: “What’s Michael Jackson’s image worth? A $434 million question for the IRS“ reports on the giant
[Read More]

IRS Question Corner: How Can I Pay Off Tax Debt?

Wednesday, August 21st, 2013

Question: I owe a lot in tax debt, and there’s no way I can repay what I owe. I’ve read about the Offer in Compromise and the Installment Agreement. But how do I determine which is right for me?

Answer: Those are great questions — not only because you need to know the answers as you confront your tax debt head on, but also because they are questions many indebted
[Read More]

Tax Relief Tips-Turning Financial Failures into Tax Success

Tuesday, August 20th, 2013

Did you know August 15th was National Failures Day? Well, I didn’t either and it was only after reading an informative article from Don’t Mess with Taxes, Kay Bell titled: “Turning financial failures into tax-saving successes” that I thought there should be any reason to celebrate.
In the article, Kay Bell highlights the following financial “failures” that if deducted on your tax return may actually provide some benefit and possibly take
[Read More]

Five Tax Help Tips to Keep IRS Audits at Bay

Friday, August 16th, 2013

Tax Defense Partners helps people resolve their tax problems and counsels clients on ways they can stay compliant and prevent future IRS tax issues. An article by Forbes titled “5 Steps to Keep the IRS Out of Your Hair” gives sound advice to taxpayers, reminding them to be proactive about preventing tax issues especially ones that have the potential to trigger an IRS audit.
Here are the top five tips Forbes
[Read More]

IRS Help for Innocent Spouse Victims

Thursday, August 15th, 2013

I came across a Forbes article this week that should be good news for those folks claiming or who have already claimed the Innocent Spouse Defense. The article by Tax Girl Kelly Phillips Erb titled: IRS Proposes to Permanently Ease Restrictions for Innocent Spouse Relief, reports that the IRS proposes to do the following:

Extend the amount of time taxpayers can apply for equitable relief through an innocent spouse application. Under
[Read More]

Offer in Compromise Saves Tax Client $229,000

Monday, August 12th, 2013

Every month at Tax Defense Partners 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 our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Kevin W.
Mr. Kevin W. owed the IRS over $234,000 in back taxes when he sought our help.  After several months of negotiations,
[Read More]

Tax Help Tips-How to Avoid Tax Relief Scams

Tuesday, August 6th, 2013

For fifteen years, I have been helping people resolve their tax problems. During that time, I have seen my share of tax scams and schemes. Some of the worst ones have been from so called “tax resolution experts” who, with no previous experience in tax problem resolution, prey on struggling and vulnerable taxpayers seeking IRS tax relief. But not all tax resolution firms or experts are created equal.
After reading a
[Read More]

IRS Relief-Obama Chooses Management Pro to Run Agency

Friday, August 2nd, 2013

President Barack Obama has chosen a crisis management expert to run the IRS – an agency clearly in need of a stabilizing force. According to a Washington Post article titled: “Obama nominates restructuring expert to lead IRS amid political controversy“, Obama selected retired corporate and government official, John Koskinen whose experience managing numerous organizations in crisis makes him an “natural” for taking over an agency facing its own share of
[Read More]

Real Housewife Teresa Giudice Indicted on Fraud Charges

Tuesday, July 30th, 2013

Seemingly overnight, Teresa Giudice made a name for herself on the Bravo reality show, Real Housewives of New Jersey. However, it appears her ongoing tax problems may take away the glamor of her celebrity lifestyle and place her behind bars. TMZ reports in an article titled: “Real Housewives’ Stars Facing 50+ Years in Prison for Money Fraud” that Giudice and her husband Joe, have just been slapped with a “laundry
[Read More]