If you are a current college student or are considering going back to school to further your education you must know that higher education is expensive. You might be surprised to hear that there is some help in regards to taxes. Students actually have a variety of tax credits available to them, if they know where to look. We recently recommended a comprehensive article by Laura Saunders of the Wall Street
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In recent Credit Sussie news, the Swiss bank accused of aiding Americans in cheating taxes with offshore accounts is seeking a dismissal of their indictment by the Justice Department.
In an article by David Voreacos titled Credit Sussie Bankers Said to Seek Dismissal of U.S. Indictment on Bloomberg, Voresacos discusses the bank’s current predicament and the chances of a dismissal of the indictment. According to the article, Credit Sussie is cooperating
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It is always important to keep yourself educated and up to date on current tax changes and laws to make sure you stay out of problems with the IRS before they occur. The same holds true when it comes to picking your tax professional or tax attorney. Take the time to make sure that he or she is certified and can provide recommendations.
To help keep the tax preparation industry in
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As 2011 slowly draws to a close, the IRS wants to remind homeowners that there is still time in the year to take advantage of the tax relief of home energy credits. The Nonbusiness Energy Property Credit is available for homeowners who have installed or are installing energy efficiency improvements to their home before the close of the year. Installations such as new windows, insulation and furnaces can help qualify
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The San Fernando Valley Business Journal ran an article on my work at Tax Resolution Services today. I’d like to thank Judy Temes for a thoughtful and insightful article.
The article can be read here.  It’s on page 3 and 42 called “Touting Trust”, addressing our approach to tacking tax resolution and how we do business.
I built my company with a “start small and snowball” approach, only promoting our services to
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Tax Resolution Services, Co. was recently named one of the fastest growing private companies in Los Angeles by the Los Angeles Business Journal.
My business partner, Brian Compton and I accepted our award this week at the Petersen Automobile Museum.
We ranked #37 as one of the 100 Fastest Growing Private Companies in all of Los Angeles!
We’d like to extend a huge thank you to the Los Angeles Business Journal as well
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In 2012 changes in inflation will be reflected in available deductions, meaning additional tax relief for taxpayers. Tom Herman of the Wall Street Journal wrote a brief article titled A Little Dose of Relief in 2012 outlining some of the tax expenditure changes we can expect in the next year. Below are three deductions the IRS recently made announcements about for  2012:

Standard Deduction: The basic standard deduction for single individuals
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College can be costly. Fortunately there is help in the form of tax relief for many students. As the economy struggles, and unemployment hovers around 9%, many people are turning to school as a chance to improve skills to get the jobs that are available. Laura Saunders of the Wall Street Journal offers great advice to students, young and old, who are in need of serious tax relief in her
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As a self employed individual trying to make it, Sharon ran into huge IRS problems when she fell behind on her quarterly estimated tax payments. The penalties were horrific and in the end Sharon ended up owing around $93,000 dollars in back taxes and fines. That’s when Sharon decided to call Brian at Tax Resolution Services.  TRS stepped in to take over Sharon’s dealing with the IRS and we were
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Budget cuts are a common topic these days regarding anything surrounding the United States government, so it goes as no surprise to hear that the IRS is next on the list of drastic budget reductions. On the Wall Street Journal’s blog The Tax Blog, Jonnelle Marte keeps us informed on the latest news in her post IRS Cuts: Good News for Deadbeats?
According to the article, Congress plans to reduce the
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Tax relief can come in many forms for taxpayers and deductions are a great way to take some tax burden off of your shoulders. But what about those of us who are on the job hunt? What are the rules surrounding deductions while looking for work? Laura Saunders of the Wall Street Journal explores the best ways to get some tax relief while on the job search in her article
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These are challenging financial times for many people. What makes this economic recession so unique is that it has gone on for so long and transcended so many income levels. In it’s wake, it has left an increasing number of consumers more financially vulnerable than ever before. These tax distressed individuals, fearful and often not sure what to do have avoided delinquent tax issues and are finding themselves on the
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The US economy has been slow to recover from the recession, and as a result, many American homeowners have lost their jobs and are unable to find new employment. These same folks, some out of work indefinitely, are struggling to pay their bills and keep a roof over their head. Households who find themselves this far underwater and unable to pay their mortgage may feel forced to consider home foreclosure
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In less than a month after the voluntary offshore bank declaration amnesty deadline expired, the results are showing that tax collection efforts from once elusive off-shore account holders appears to be working. A recent Reuters News Article – America’s Rich Losing Tussle with Taxman dated September 30, revealed that since 2008, the IRS has been successful at cracking down on off-shore tax shelters and going after Swiss banks (initially) and
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The IRS announced yesterday new tax relief guidelines for a provision that allow small businesses the ability to claim a cell phone provided to employees by said business as tax-free without any arduous record keeping needed. The notice issued explains how the provision works in regards to employer purchased cell phones for employee use. It also goes on to explain that the IRS will not require the employer to provide
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