Taxpayers blindsided by back taxes after losing their homes to foreclosure in many cases can qualify for tax relief. For the many Americans who have lost their homes to foreclosure, a nasty and expensive surprise may be waiting. The IRS may choose to pursue them for back taxes relating to the foreclosure, which, for tax purposes, may be treated like a sale. The IRS may deem the foreclosure a form of
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Taxpayers seeking tax relief from back taxes owed to the IRS have several avenues to pursue, but perhaps the most appealing is the Offer in Compromise tax settlement program. The concept is simple: A properly negotiated Offer in Compromise allows a taxpayer to settle tax debts in full for less than the amount owed, without consequences to credit rating.
One of our clients, John P. from Brooklyn, NY owed the IRS
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Thousands of Americans owe back taxes and interest to the IRS every year. If you are one of the many taxpayers feeling the burden of tax debt, it’s important to take the necessary steps to resolve your IRS problems now – and not later. The worst thing you can do is ignore letters from the IRS in hope that your troubles will go away. They will not, unless you take the
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Owing back taxes and interest to the IRS is a surprisingly common problem: thousands of Americans feel the burden of it every year. Therefore it is important to take the steps to resolve your IRS problems now. The worst thing you can do is ignore letters from the IRS, hoping your troubles will go away. They will not do so on their own – you must take the appropriate steps! If
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In the midst of the recent economic meltdown, a record number of Americans filed for bankruptcy protection last year. While bankruptcy may carry a stigma, it can also provide a fresh start free from creditors as well as IRS tax debt.
Taxpayers who owe back taxes and lack the assets to pay them off  can potentially qualify for IRS tax relief. However, it is critical that taxpayers consult a specialized tax
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If you are one of thousands of Americans who owe back taxes and interest to the IRS, it is important to take the necessary steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not- unless you take the appropriate steps now!
If you have back taxes to settle, it is essential to know your
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At Tax Resolution Services we recently helped a taxpayer from Colorado reduce his back taxes by over 90% by qualifying for an Offer in Compromise tax settlement.
Taxpayers who owe back taxes to the IRS can take advantage of the Offer in Compromise program created by the government to offer tax relief to those who owe a significant amount of money for a variety of reasons (including failed business, medical expenses,
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Every day, in cities across the country, people are being prosecuted and convicted of tax crimes. If you find yourself struggling during these tough economic times and need IRS tax relief, do not fear as there are many options for you to consider in resolving your back taxes or other IRS woes!
Reality check: Tax evasion is not just a problem for the wealthy. The IRS reports that tax evasion is
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The IRS is increasing enforcement to unprecedented levels and with tax relief firms making regular headlines for misrepresenting their ability to resolve IRS problems, it is now more important than ever for taxpayers to check the reputation of prospective tax relief providers, such as their BBB (Better Business Bureau) rating.

The tax resolution industry has become fierce in light of the wobbly current economic conditions – this means that the
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Taxes can be complicated and messy. As a Certified Tax Resolution Specialist, it is my goal to offer readers with expert advice to resolve their IRS problems as well as a roadmap to tax resolution.  Not only do I strive to provide you with the most recent news in tax relief, but I also seek to enlighten you on some of the resources I turn to for tax news and information.
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I recently came across an article by Bloomberg’s Ryan J. Donmoyer, IRS Demand for Tax Shelter Lists Has Companies Fearing Audits, that talks about how IRS Commissioner, Doug Shulman, is requesting that companies provide a detailed road map of their tax returns in order to simplify the work of IRS tax auditors.  The Internal Revenue Service has created a form that will require corporations to “list of all tax-saving transactions
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This weekend our team of IRS tax relief pros will be attending the Advanced Tax Problem Resolutions Seminar in San Deigo, hosted by The American Society of Tax Problem Solvers. It’s an intensive 3-day bootcamp and our team of licensed professionals, including CPAs, tax attorneys and Certified Tax Resolution Specialists always look forward to learning, sharing and networking with other seasoned practitioners in the tax resolution industry!
ASTPS is the national,
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Tax Resolution Services, Co., (TRS) recently helped Eddie S. from Los Angeles, CA, who owed over $150,000 in back taxes, interest, and penalties permanently settle his IRS debt. With our help, Eddie had over $75,031 in penalties forgiven and received a refund from the IRS for more than $84,000 on interest paid!
There are 148 different types of penalties that the IRS can hit you (as a taxpayer) with. Fortunately, you
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I’ve blogged before about how IRS Commissioner Douglas Shulman has pledged greater flexibility for taxpayers who have fallen on hard times and owe IRS back taxes.  However, it’s still important to remember that “Revenue” is still the IRS’s middle name.
Due to the economic challenges of the current recession, more tax settlements than ever are expected to be submitted to the IRS this year. While taxpayers with back taxes
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With IRS enforcement on the rise – more people than ever will need expert and qualified IRS tax relief. If you’ve put yourself in a situation for which you could be prosecuted on tax charges, there’s something you should know: Your chances of convictions are high.
There are not many situations scarier than being in tax trouble. Whether you’re worried about the tax man knocking at the door or staring down
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