Archive for the ‘Working with the IRS’ Category
Friday, February 10th, 2012
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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Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Banking & Finance, Business Services, General Business, IRS Tax Cases, IRS help, IRS payment plan, Seeking Professional Tax Help, Small Business Taxation, Tax Debt Help News, Tax Relief News, Tax Resolution Options and Alternatives, Tax news and tips, Taxpayer Rights, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, income tax relief, tax help, tax resolution | No Comments »
Friday, February 10th, 2012
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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Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Banking & Finance, Business Services, General Business, IRS Tax Cases, IRS help, IRS payment plan, IRS tax audit, Seeking Professional Tax Help, Small Business Taxation, Statutes of Limitations – Taxpayer’s rights, Tax Debt Help News, Tax Relief News, Tax Scams, Tax news and tips, Taxpayer Advocate, Taxpayer Rights, Working with the IRS, income tax relief, tax help, tax resolution | No Comments »
Tuesday, January 24th, 2012
Self-employment can be a liberating experience. You get to make your own rules, work your own hours and say goodbye to the horrors of a demanding boss. With this freedom comes responsibility and handling all your business affairs now solely rests on your shoulders, including paying your own taxes. A recent Ledyard-Patch article entitled Self-Employed? IRS Says You Should Read This reminds us that the self-employed are urged to get
Tags: IRS audit, IRS help, IRS penalties, irs problems, IRS tax audit, IRS tax help, IRS tax problems, irs tax relief, tax advice, tax expert, tax help, tax problems, tax professional, tax relief, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, General Business, IRS help, IRS tax audit, Seeking Professional Tax Help, Small Business Taxation, Tax news and tips, Working with the IRS, income tax relief, tax help | No Comments »
Thursday, January 5th, 2012
With holiday festivities in the past and a new tax season on the horizon, it is important to take a moment before all the preparation to give your appreciation to the IRS. Yes, that’s right; give them thanks for the service they provide. This praise probably sounds strange to the 1-6 Americans with IRS tax problems who don’t feel very thankful facing the most powerful collection agency on the planet.Â
Tags: Back Taxes, delinquent taxes, income tax relief, Installment Agreement, IRS audit, IRS debt, IRS help, IRS payment plan, IRS penalties, irs problems, IRS tax problems, tax problems, tax relief, tax settlement, Tax Tips, unfiled tax returns
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS help, Working with the IRS | No Comments »
Friday, December 30th, 2011
With numerous offshore account dramas unfolding recently, the IRS has been taking a closer look at offshore foreign accounts of US taxpayers. Taxpayers who have such financial interests in and/or signature authority over foreign accounts are already required to file a Report of Foreign Bank and Financial Accounts (FBAR) form if the combined value of their financial accounts exceeds $10,000 during the calendar year. Recently IRS sent out a reminder
Tags: certified tax resolution specialist, FBAR, Foreign Account Tax Compliance Act, Foreign Bank and Financial Accounts (FBAR), Form 8938, IRS help, Offshore Account Disclosures, offshore foreign accounts, tax relief, tax resolution, Tax Resolution Specialist, Tax Tips
Posted in IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Relief News, Working with the IRS | No Comments »
Tuesday, December 20th, 2011
Many Americans like preparing their taxes every year; it helps them feel in control of their finances and they don’t want to pay someone else to do it. With a tough economy still lurking and the availability of low-cost often free tax preparation software, many are inclined to cut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, income tax relief, IRS debt, IRS enforcement, IRS help, IRS penalties, irs problems, IRS tax problems, tax attorney, tax debt, tax evasion, tax help, tax problems, tax relief, unfiled tax returns
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Banking & Finance, General Business, IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, Voluntary Disclosure, Working with the IRS, income tax relief, tax help | No Comments »
Wednesday, November 23rd, 2011
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
Tags: certified tax resolution specialist, IRS help, irs news, irs problems, Registered Tax Return Preparer, tax advice, tax attorney, tax help, tax news, tax prep, tax preparation, tax preparation industry improvements, tax professional, Tax Tips
Posted in IRS help, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Working with the IRS, tax help | No Comments »
Saturday, September 10th, 2011
The IRS announced on September 1, 2011 that it will be providing tax relief to victims of the recent Hurricane Irene disaster. The tax relief provides tax-filing and payment deadline extensions to those who were affected by the hurricane. Included in the tax relief are corporations and businesses with a September 15 deadline for 2010 returns and those with estimated tax payment due dates. The extension will be granted until
Tags: disaster relief, extension, Hurricane Irene victims, IRS help, irs tax relief, natural disasters, tax news, tax relief, tax relief extension, Tax Tips
Posted in IRS Tax Cases, IRS help, Tax Relief News, Working with the IRS, income tax relief, tax help | No Comments »
Monday, August 22nd, 2011
Republican presidential candidate and Tea Party favorite Michele Bachmann is causing quite a stir over her recent comments about her former position as an IRS tax attorney. Â Bachmann said to a crowd in South Carolina last week:
“We change the economy by changing the tax code. How many of you love the IRS? No! It’s time to change it. I went to work in that system because the first rule of
Tags: IRS, Michele Bachmann, Politics, Tax Code
Posted in IRS Times and Inquirer, Tax Blogs, Working with the IRS | No Comments »
Thursday, July 28th, 2011
Effective immediately the IRS will be allowing tax relief to the innocent spouses of those with serious IRS tax problems and back taxes. The new rules will help protect partners, especially those from abusive relationships, by granting relief to those who could have been deemed liable for a spouse’s tax problems. The Wall Street Journal’s Laura Saunders explains how the new rules differ from the original rule of a 2
Tags: certified tax resolution specialist, Innocent Spouse, innocent spouse help, innocent spouse relief, innocent spouse tax relief, IRS debt, irs news, tax attorney, tax help, tax news, tax relief, Wall Street Journal
Posted in Innocent Spouse, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Working with the IRS, tax help | No Comments »
Wednesday, July 27th, 2011
Celebrity rapper and actor Ja Rule was sentenced to 28 months in prison and ordered to pay 1.1 million dollars in unpaid taxes on Monday. Ja Rule was quoted by the Associated Press as saying; “I was a young man who made a lot of money — I’m getting a little choked up — I didn’t know how to deal with these finances, and I didn’t have people to guide
Tags: Back Taxes, celebrity tax problems, Celebrity Tax Woes, certified tax resolution specialist, delinquent tax returns, IRS enforcement, IRS help, irs problems, IRS Tax Cases, Ja Rule tax problems, tax debt
Posted in Back Taxes, Celebrity Tax Woes, IRS Tax Cases, Tax news and tips, Working with the IRS | No Comments »
Tuesday, July 19th, 2011
Being audited by the IRS can be a scary and stressful situation. Whether you are being audited for tax problems from investment mishaps, offshore accounts or any other reason, it is important to make sure a tax professional is there to make your audit goes as smoothly as possible. Karen E. Klein of the LA Times offers great advice to a reader about to be audited:
Karen: You answered a question
Tags: certified tax resolution specialist, i need tax help, IRS audit, IRS audits, IRS help, tax advice, tax audit, tax expert, tax professional, Tax Tips
Posted in Ask the Expert, IRS help, IRS tax audit, Seeking Professional Tax Help, Tax Problem FAQs, Tax news and tips, Working with the IRS, tax help | No Comments »
Monday, July 18th, 2011
The IRS has been making huge increases in its workload of audits and taking your tax payments and they won’t be stopping anytime soon. TRS blogged back in March about the government’s pressure to close the whopping $345 billion tax deficit which in turned caused the IRS to increase audits by 11% last year-targeting both consumers and business owners. Arden Dale’s  article Why Paying Taxes Takes Longer from  SmartMoney, examines
Tags: Back Taxes, IRS becoming more aggressive, IRS collection, IRS help, irs news, irs problems, IRS revenue officers, tax resolution, taxes
Posted in IRS tax audit, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Working with the IRS, tax resolution | No Comments »
Thursday, July 14th, 2011
I recently came across a post on The Global Resolution from the Thorn Law Group. The Global Resolution is the agreement the U.S. government and European banks are currently working on in a continued effort to put a stop to offshore tax evasion.
How will it work:
1) Any foreign bank under U.S. investigation will pay a fine to the government
2) Said bank will disclose U.S. client names to the government
3) U.S. government
Tags: i need tax help, IRS audits, IRS enforcement, IRS penalties, irs problems, tax attorney, tax evasion, tax problems, tax relief
Posted in Banking & Finance, General Business, IRS help, IRS tax audit, Offshore Tax Settlements, Tax Relief News, Voluntary Disclosure, Working with the IRS, income tax relief, tax help | 2 Comments »
Monday, June 27th, 2011
The FBAR… anyone familiar with that term? I would assume that most people aren’t, so let me explain. The FBAR is an acronym for the Report of Foreign Bank and Financial Accounts and is actually a form known as the TD F 90-22.1, a pdf directly downloadable from the IRS for your filing convenience. Kelly Phillips Erb, aka: Tax Girl, wrote an article for Forbes online explaining the important
Tags: FBAR, Foreign Bank Account Reporting (FBAR), foreign bank accounts, Foreign Bank and Financial Accounts (FBAR), offshore accounts, Offshore Banking, offshore tax evasion, tax deadline, tax help, tax news
Posted in IRS help, Offers in Compromise, Offshore Tax Settlements, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Working with the IRS | No Comments »