I wrote this latest press release after reading a CNN Money article titled “Spending cut bright spot: Fewer IRS audits.” I needed to dispute the article’s assertion that there would be fewer questioned tax returns as a result of the sequestering budget by Congress. The CNN article states that over $600 million in cuts to the IRS could result in IRS employee layoffs including examiners who audit tax returns. I agree
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Memorial Day gives us a chance to honor military personnel for their service and sacrifice. It also allows tax professionals the opportunity to remind service members of the tax benefits they are entitled to. A recent article from Don’t Mess with Taxes titled,”Memorial Day 2013: Remembering those who gave all, offering some tax help for those still giving“ provides tax tips using the IRS Publication 3, Armed Forces Tax Guide. Here are
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For fifteen years, I have helped resolve IRS tax issues for good people who made past tax mistakes and got into trouble with the IRS. These folks got the the tax relief they needed because they hired expert tax representation capable of handling cases such as theirs. A new Tax Resolution Services commercial for The Blaze TV reminds taxpayers who owe back taxes how important hiring certified tax representation to handle
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On February 3, 2013, the 16th Amendment to the Constitution authorizing the federal income tax turned 100. The 16th Amendment has certainly had its share of controversy, especially in its early years. A Forbes article titled, “Guess Who Turned 100 This Weekend?“ highlights the history and tumultuous beginning of our tax system. Here are some of the interesting facts Forbes presents:
The Federal Income Tax is Born
On February 3, 1913, Delaware became
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Straight out of a soap opera script, the IRS appears to be facing its own public relations nightmare in the form of a sex scandal. A Huffington Post article titled “Vincent Burroughs Accuses IRS Agent Dora Abrahamson of Coercing Sex by Using Threat of Tax Penalty“ reveals the details of a salacious and inappropriate meeting between IRS agent and taxpayer under audit.
It appears agent Dora Abrahamson initially contacted Vincent Burroughs,
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Tax scams and identity theft have wreaked havoc on both ordinary citizens and the IRS. As a result, taxpayers are advised to stay alert to prevent tax problems brought on by such scams by not giving out personal information online.  Earlier this month, I wrote a blog post about a Better Business Bureau tax scam warning aimed at electronic filers. While thieves are becoming more adept at making correspondence look
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Happy Friday! Here’s a recap of the tax relief news that made headlines this week.
Celebrity Tax Issues, IRS Audits and Enforcement
It seems like there is always a celebrity in the news currently facing down the IRS or other tax authorities.  This is not by accident. Since the Great Recession tax revenues have been down so to increase collections, the IRS has been going after celebrities and wealthy Americans to help
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If you have ever received a letter from the IRS, you know the initial reaction all too well; panic and confusion of what to do next. But even after receiving an IRS audit letter doesn’t mean you should to roll over or be pushed around especially if you don’t agree with it. Robert W. Wood’s recent article in Forbes provocatively titled “Everything You Ever Wanted to Know About Fighting the
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The National Association of Tax Resolution Companies (NATRC) Inagural Conference held in Washington D.C., May 20-21 ended today, but not without some exciting highlights. There was a great turn out; about 45 members including attorneys, EA’s and CPAs representing over 30 tax resolution companies from all over the country.
The goal with the NATRC is to see fair and reasonable regulation of the tax resolution industry and to restore a
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At the first official meeting of the National Association of Tax Debt Resolution Companies (NATDRC) in Washington D.C., May 20-21, we will be discussing the regulation of companies utilizing deceptive advertising claims and misleading trade practices that solicit unsuspecting consumers (by advertising on the internet, radio, and TV) believing that they are hiring a legitimate tax professional—i.e., an attorney, CPA, or Enrolled Agent—to represent them before the IRS/State. Nothing can
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Countdown to Tax Day: 6 Days
On a recent episode of the Big Biz Show, we discussed the creation of the Tax Man TV show on Biz Television that morphed out of yours truly giving tax advice as a guest on the Big Biz Show for five years.
The Tax Man Show combines my 30 plus years in the tax business including running Tax Resolution Services, Co. for 15, to gives taxpayers
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Question:
I have several years of unfiled tax returns and owe around $25 thousand dollars in back taxes to the IRS for my small business. I know I need to take care of this huge burden but I’m overwhelmed, what help is out there get me out of this mess?
Answer:
First, addressing your IRS tax issues right now is the first step towards finding the tax relief you need. There is a
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It is always a pleasure to be able to speak to others about the work I do as a tax resolution expert.
I recently had the unique opportunity to be interviewed by Opportunist Magazine’s Managing Editor, Leslie Stone for her article Talking With the Tax Expert-Michael Rozbruch.  She asked about the business of tax resolution, a subject of which I am WELL informed. The questions ranged from how my early business
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Laguna Beach resident Stephen McDow woke up one day to find that the IRS had deposited a refund of $110,000 into his checking account. And so he spent it; Over the course of a year McDow spent more than half of the money in paying off his student loan debt, his mortgage and towards the purchase of a new. The catch… the refund did not belong to McDow and it
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Today’s Tax Resolution Tip:
You can file for an extension on your tax return!
It is your right as a consumer. However, an extension grants you an extension of time to FILE, it is not an extension of time to PAY. You would still have to pay any taxes owed on time, however you can request a little more time in filing your tax return.
Get more daily tax tips at 365 Ways
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