Essential Information for Tax Relief: What You Need to Know if the IRS is After You

On Saturday, June 5 Tax Resolution Services sponsored the KFI Law Day free event for the public to receive expert tax help and tons of free legal advice from over 100 lawyers specializing in all areas of the law.

I put together a presentation for a seminar I gave at Law Day that I think provides a lot of great IRS tax advice. For some useful tax help and tax relief tips you should view my presentation.

Tax Relief from the Nation’s Leading Tax Resolution Firm: What the IRS Doesn’t Want You to Know

View more presentations from Michael Rozbruch.

Here is a summary of what I discussed.

IRS enforcement is on the rise, but many of us may be wondering why. It’s because of the estimated $345 billion in back taxes the IRS claims they are owed. Now, more than 4 million individuals will not be able to pay their 2009 tax liability because tax debt problems are at a 10-year high.

The IRS is constantly expanding. With new hires in Collections and Audit, enforcement revenue is expected to climb well over $60 billion plus in 2010 and beyond. In order to improve taxpayer compliance and reduce the $345 billion+ tax gap, the IRS continues to increase funding.

How can you protect yourself?

You have the right to file delinquent tax returns and until you do, the IRS will NOT entertain any type of settlement or Offer in Compromise.
DO NOT ignore IRS collection notices. The IRS has the ability to issue an IRS bank levy and will not cease to do so until your tax debt has been fully paid off.
Obtain an IRS payment plan or Offer in Compromise.
With reasonable cause, the IRS will remove 100% of penalties with penalty abatement.
IRS tax liens are statements alleging you owe a tax debt that show up on your credit report and devastate your ability to procure credit of any kind.
An audit is an examination of the tax return you filed with the IRS. NEVER go through an IRS audit on your own. Make sure you have the help of a professional tax attorney or Certified Tax Resolution Specialist.

Tax Resolution Services has a 99.7% client satisfaction rate—the highest in the industry. We are the only nation firm comprised of Certified Tax Resolution Specialists. Our average Offer in Compromise settlement is $0.11 on the dollar and 90% tax relief success rate. That is about 5 times the national average.

We are a highly ethical firm with an industry leading ratio of 6 to 1 of tax professionals (attorneys, CPAs, EAs, etc.) to clients. We obtain the most expeditious settlements for the lowest amount allowed under the law on behalf of our clients and are dedicated to bringing our clients into compliance with the IRS. Visit www.TaxResolution.com or call 866-IRS-PROBLEMS to set up a FREE tax relief consultation.

More Tax Help, IRS News and Tax Relief Tips:

Tags: certified tax resolution specialist, Free Tax Consultation, IRS debt, IRS problem solver, KFI, law day 2010, Michael Rozbruch, tax attorney, tax relief, tax resolution services, Tax Tips