The economy has been tough on a lot of taxpayers this year. Whether you are a small business owner or you’re employed but short on funds, you are not alone in your financial struggle.

So what do you do this tax season if you can’t gather up enough cash to pay what you owe Uncle Sam? Do you file an extension? Do you “ignore” your taxes in hopes that the IRS overlooks you this year? Just because you don’t have enough cash does not mean you need to suffer IRS tax problems. Read on for our compilation of our favorite tax help tips and insider solutions for taxpayers who are strapped for cash.

Rule of Thumb: Better Late Than Never; and Don’t Lie!

If you have unfiled tax returns, it is always a better idea to file them (even if they’re a couple of years late) than to not file them at all. It is also never a good idea to lie on your tax returns—even if filing the correct information willl delay your return past the filing deadline, it’s better to file a late tax return than to file a false one. Not only can this help you reduce your back taxes, penalties, and interest, it also puts you in a better light with the IRS than if you were just to ignore your unfiled taxes or to lie. Read more.

$10 Can Save You Thousands of Dollars in Tax Penalties

For those taxpayers out there who are really struggling for cash, you don’t have to succumb to IRS penalties for failure to pay your taxes. Even if you were to send in a $10 check with your tax return, it will place you in the “non-collectible” category as opposed to the more severe “non-filer” category, which means less harsh IRS penalties. Read more.

10 Years Can Dissolve Your IRS Debt For Good

Many taxpayers may not know this but the IRS has 10 years from their initial date of assessment to collect everything you owe them. After the ten years, you’re off the hook. Sounds a little too good to be true? It isn’t! This is one of the best tax resolution strategies for taxpayers who owe overwhelming amounts in back taxes but cannot pay it off. Find out how you can benefit from the Statue of Limitations! Read more.

Take Full Advantage of Your Allowable Deductions and Tax Breaks

One of the best and safest ways taxpayers can save on their tax bill this year is to take a careful look at their allowable deductions and tax breaks. The government has rolled out several generous tax credit packages for those who qualify (first-time home owners, cash for clunkers) that it’s simple for taxpayers to keep more money in their pockets come April 15th. Read more.

IRS “No-No’s” Every Taxpayer Needs to Know

Not filing your tax returns on time will get you in IRS trouble. Not paying your taxes or over-deducting your expenses will also sink you in a hole. But what are the absolute “No-No’s” every taxpayer needs to know? Read more to find out how you can ensure that you stay out of IRS trouble.

Bottom line is: don’t feel overwhelmed or scared by IRS problems. There are various tax resolution options available to you. If you’re unsure of how to tackle your IRS tax problems, don’t hesitate to seek tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. We’ll be happy to take your tax problems off your dining room table and into our tax help office!

Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your IRS tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.

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As stated on the Tax Resolution Services’ Payroll Tax Problems webpage, “Borrowing from payroll taxes is against the law and can land you in prison”.  Well, embezzling from payroll taxes will land you in prison, like this office manager from Illinois who embezzled from the employee benefit plan and failed to pay employment taxes.  She took a gamble that she wouldn’t get caught by the IRS and she lost!

An Illinois woman was sentenced to 30 months in prison as a result of her convictions for tax evasion, willful failure to file federal income tax returns, embezzlement from an employee benefit plan and failure to pay employment taxes.

In addition, Mary R. Storer, 40, formerly of Wood River, Ill., was ordered to serve three years of supervised release and pay restitution in the amount of $266,056 to the victim, Elk Heating and Cooling, and $76,267.29 to the IRS.

The convictions are the result of Storer’s conduct after she was hired by Elk Heating and Sheet Metal as their office manager in 2006. Elk Heating and Sheet Metal is a small, family-owned heating and air-conditioning company in Madison County.

Storer’s responsibilities included answering the telephones, setting up customer appointments and handling accounts receivable and accounts payable. Storer was also in charge of payroll and filing and paying Elk Heating and Sheet Metal’s payroll taxes. Storer immediately began embezzling money from Elk Heating and Sheet Metal and gambled away almost all of the money that she embezzled. At the sentencing, information was also presented that she had gambled heavily in 2007, with losses exceeding $200,000 for that year.

If you feel like your office manager is up to something then we strongly recommend having a tax professional, like a Certified Tax Resolution Specialist from Tax Resolution Services, take a look at your payroll tax problems.  Payroll tax problems, such as delinquent payroll taxes or failing to file payroll taxes, will generate huge IRS penalties and debt and can be considered a federal crime.   Tax Resolution Services’ expert tax representation can help you resolve your payroll tax problems or payroll tax penalties.  Free payroll tax consultation by calling 1-866-IRS-PROBLEMS (1-866-477-7762) today!

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