Archive for the ‘Working with the IRS’ Category

Tax Client Saves Over $100,000 Through IRS Offer in Compromise

Monday, May 13th, 2013

Every month at Tax Resolution Services 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. & Mrs. Ford Sr.
Mr. & Mrs. Ford Sr. owed the IRS $112,000 in back taxes when he sought help.  After several months
[Read More]

Tax Attorney Sentenced to 8 Years for Tax Fraud Scheme

Tuesday, March 5th, 2013

Donna Guerin, 52, former CPA and tax attorney for Jenkens and Gilchrist, received an 8 year prison sentence and will be required to pay $190 million in restitution for her participation in what the Treasury Department calls “the largest criminal tax fraud in history.” An Accounting Today article titled: “Tax Attorney CPA Sentenced to 8 Years for Massive Tax Fraud Scheme“ provides some details of this landmark case:

Guerin ran a massive
[Read More]

Taxes Turn 100-A Brief Look at the 16th Amendment

Friday, February 8th, 2013

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
[Read More]

IRS Tax Enforcement Described As Harsh

Monday, February 4th, 2013

IRS tax enforcement is described as harsh but the criticism highlights the need to have a qualified tax professional at your side.

———————————-
There’s more pressure than ever on the Internal Revenue Service to increase tax collections.
That’s because the sluggish economy, which has depressed wages and tax revenue, and the ballooning national debt have combined to make tax collections even more urgent.
The IRS has responded to this pressure by increasing enforcement
[Read More]

New Tax Resolution Services Customer Success Commercial

Tuesday, January 22nd, 2013

Being able to help people resolve their tax problems is the reason I enjoy coming to work every day. I especially enjoy sharing real client success stories because it shows that good people sometimes fall on hard times and have tax issues with the IRS. It also proves that there’s a solution to every tax problem if clients find the right representation.
A new commercial for The Blaze TV highlights former clients
[Read More]

Extended IRS Tax Relief for Hurricane Sandy Victims

Monday, November 5th, 2012

Late last week, the IRS updated its filing and payment requirements for victims of Hurricane Sandy in an attempt to bring more tax relief to more people. I initially blogged about the IRS providing tax help to hurricane victims by extended filing and payment requirements for business owners and their tax preparers. Since then, the IRS has more broadly extended its tax relief efforts based on the Federal Emergency Management
[Read More]

October 15 Tax Extension Deadline Looming

Tuesday, October 2nd, 2012

The deadline to submit your extended 2011 tax return is October 15!  The IRS created a video to not only remind taxpayers of the deadline but also to suggest they review their tax returns to make sure they take advantage of tax benefits that often get overlooked.

A recent Accounting Today article titled: IRS Warns of Impending Tax Extension Deadline listed the “overlooked” tax credits and deductions that low to moderate
[Read More]

New Changes to Offer in Compromise – More Flexibility

Thursday, May 24th, 2012

The IRS announced this week it changed some of the rules that govern the Offer in Compromise (OIC) program – more flexibility meaning more folks can qualify.  An article in Reuters entitled IRS Widens Taxpayer Debt Forgiveness Program and in Accounting Today entitled IRS Makes Offer in Compromise Program More Flexible outline these changes aimed at giving more American taxpayers flexibility to repay their tax debt as part of the
[Read More]

Family of Hip Hop Label Sings IRS Blues

Friday, March 30th, 2012

Once again, we have celebrities in the news facing tough IRS problems.  The most recent failure to file tax case involves the sons of the late Sylvia and Joe Robinson who in the late 70’s formed the Sugar Hill Records label and created hip-hop’s first commercial hit, the Sugar Hill Gang’s “Rapper’s Delight.” According to an NJ.com article entitled From ‘Rapper’s Delight’ to tariff-collector fight: sons of hip-hop pioneers face
[Read More]

TaxMan Gives Thanks and Tax Tips on Big Biz Show

Tuesday, March 13th, 2012

Continuing the countdown to April 16 on a recent episode of the Big Biz Show,  I offered some helpful TaxMan tax tips and advice including how to avoid more IRS “red flags” and planning for tax laws that are set to expire in 2012.

I also took opportunity to thank Sully and Troy Hazard, one of the show’s executive producers, for the launch of the TaxMan show debuting on Biz Television. This
[Read More]

IRS Tax Scam Warning-Claiming Zero Wages

Monday, March 12th, 2012

The IRS “Dirty Dozen” tax scam “Claiming Zero Wages” is a frivolous tax argument that alleges taxpayers do not have to pay taxes therefore, claim “zero” wages to prove their point even if there is a tax liability. As often found with the frivolous argument scam, taxpayers incorrectly interpret tax law and file a “phony return” in an attempt to lower the amount of taxes due. To the IRS, this
[Read More]

IRS Helps Unemployed Avoid Penalties

Monday, March 12th, 2012

A recent IRS announcement plans to expand the “Fresh Start Initiative” to help unemployed taxpayers, unable to pay their taxes, avoid IRS penalties and make IRS Installment Agreements available to more taxpayers than before. Below is how the program aims to assist struggling taxpayers find tax relief:

Penalty Relief
IRS penalty relief will be available to two categories of taxpayers who will be subject to eligibility criteria and income limits:

Wage earners
[Read More]

IRS Bankruptcy-Five Tax Relief Options for Back Taxes

Tuesday, March 6th, 2012

With the economy still sputtering, many tax stressed people teetering on the edge of IRS bankruptcy enter our offices wanting to know if their IRS tax debt could be wiped away with bankruptcy protection. While in some cases back taxes can be discharged (personal income tax), in most cases, they cannot. However,the good news is that taxpayers in this situation have options. Here are the five simple tax relief options
[Read More]

IRS Offer in Compromise Tax Settlement Program: What You Need to Know

Tuesday, February 21st, 2012

Consumers come to us every day at Tax Resolution Services with tax questions and, in fact, one of the most popular subjects is the IRS Offer in Compromise program. This program allows taxpayers to settle their tax debt for substantially less than what they owe. Before you get excited, I want to point out that the Offer in Compromise program is a privilege and not everyone will qualify for it.
———————-
Question:
[Read More]

IRS Warns of “Dirty Dozen” Tax Scams

Monday, February 20th, 2012

IRS commissioner Doug Schulman announced on Thursday its IRS “Dirty Dozen” List of tax scams and “phishing” expeditions to warn taxpayers about scams that range from identity theft to return preparer fraud. This annual list is meant to provide the most recent advice for consumers to prevent tax problems on a year round basis. However, as tax day draws near, scams and schemes tend to peak as people get their
[Read More]