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Saturday, April 3rd, 2010
With a little over 10 days before taxes are due, taxpayers who are still finalizing taxes are invited to tune in to the Big Biz Show
on Thursday, April 8th at 1:40pm PST to learn “10 last minute filing tips.”
I will be sharing some top tax help tips on how to make sure you did everything you could to minimize your tax bill this year. There are various tax credits and tax breaks available to those who qualify. Don’t pay the IRS more than you have to–tune in to discover how you can save money on your taxes!
Remember–there is still time to take measures that will help prevent severe IRS penalties down the line. Make sure you are giving yourself the best chance at staying IRS problem-free by staying informed on your tax filing obligations. If you feel that you need expert tax help, you can consult a tax attorney, CPA, or Certified Tax Resolution Specialist to help you.
The Big Biz Show airs on 8 of the top 10 radio markets, online via AOL and Yahoo, and airs on Biz Television network with a distribution of 24 million cable households in ten major cities throughout the nation, including Los Angeles, Houston, and Seattle. To find out how to tune in to the Big Biz Show in your local area or to listen to the Tax Day Countdown online, visit http://bigbizshow.com/blog/
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists. Call our office today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, big biz show, delinquent tax returns, delinquent taxes, Free Tax Consultation, IRS debt, IRS help, irs problems, last minute filing tips, Michael Rozbruch, tax attorney, tax help, tax resolution, Tax Tips
Posted in Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | No Comments »
Wednesday, March 31st, 2010
Russ and Sully with the Big Biz Show welcomed back Brian Compton, President of Tax Resolution Services, for more tax relief wisdom – this time about IRS debt and bankruptcy. People are forced to file bankruptcy for different reasons. And I know a lot of folks filed bankruptcy last year because they lost their jobs or they lost their pension.
Bankruptcy is really designed to give people a fresh start, people who have had a catastrophic life event that then causes their financial world to fall off a cliff. So the idea of bankruptcy – some people think, “oh people are trying to sneak around the system” but the purpose is to level the playing field so you can permanently resolve your tax problems once and for all.
Most taxpayers don’t realize that IRS tax debt may be eligible for discharge in bankruptcy. Sometimes bankruptcy is the most appropriate course of action when you have a big tax problem. And other times it’s not- and something like the Offer in Compromise program may be a much better option than bankruptcy.
Bankruptcy does not always remove all tax liabilities as not all IRS taxes, penalties, and interest qualify for complete 100% discharge. In order for a taxpayer to benefit from bankruptcy laws, it is important to get expert tax help to determine whether or not your tax liabilities are eligible for discharge.
In October 2005, Congress enacted the Consumer Bankruptcy Law – including big changes that affect the ability to discharge income taxes. Therefore, it is highly recommended that the taxpayer seek out experienced legal counsel that specializes in tax bankruptcy.
Brian gave Russ and Sully the lowdown on bankruptcy and tax debt. You can start by becoming familiar with how bankruptcy and IRS back taxes work:
- Talk to a tax attorney or Certified Tax Resolution Services about the differences between Chapter 7, Chapter 13 and Chapter 11 bankruptcies. Chapter 7 is what everyone wants. Chapter 7 is forgiveness, wiping out everything.
- The results of filing for Chapter 7 generally go two ways. “Discharged” means the bankruptcy went through and you’re forgiven. The other term is “dismissed” which means you filed a bankruptcy petition and the judge finds that you don’t have the appropriate financial situation to grant you forgiveness for discharge.
- If Chapter 7 isn’t possible, you can then submit a petition for a Chapter 13. A Chapter 13 is basically a structured payment plan called a Wage Earner Plan.
Listen to the full interview with Brian Compton on the Big Biz Show for smart tips on bankruptcy and discharging IRS tax debt.
The U.S. Bankruptcy Court now uses a financial means test that closely mirrors the IRS test for the Offer in Compromise program. Taxpayers struggling with tax debt and considering bankruptcy as a resolution should talk to a tax expert to compare tax debt solutions. Be sure to discuss the impact that filing for bankruptcy will have on your financial situation and credit score versus other tax resolution alternatives.
Sometimes the IRS’s Offer in Compromise program is a much better option than bankruptcy. Bankruptcy will stay on your credit report for the next 10 years. When there are not any other significant debts, the tax obligation can be reduced significantly without the stigma of it being on your credit report for the next 10 years.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Bankruptcy, big biz show, brian compton, Discharging Taxes in Bankruptcy, IRS debt, IRS help, IRS Installment Agreements, Offer in Compromise program, tax help, tax relief, tax settlement
Posted in Discharging Taxes in Bankruptcy, Expert Help From Tax Attorney, Offers in Compromise, Seeking Professional Tax Help, Tax Resolution Options and Alternatives | No Comments »
Tuesday, March 30th, 2010
One of the best ways to stay out of IRS trouble is to educate yourself on what your tax obligations are, how to avoid common tax mistakes, and where to find tax help.
To continue our compilation of top tax help topics, we have listed our top “go-to” tax information resources. Got tax questions? Check out our tax help solutions.
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Tax Help Glossary
Tax jargon can get convoluted and confusing. If you do not completely understand a tax term when you’re filing your taxes, you could make mistakes that could lead to IRS penalties. Make sure this does not happen to you. Get the 411 on the most common tax terms. Read more.
Don’t Neglect Your Tax Help Reading
We publish several tax help articles each month that address the most pertinent IRS tax issues faced by taxpayers like you. Everything from IRS payment plans to IRS audits–we recommend you to check back regularly to learn the latest tax news and stay informed of how the changing tax climate affects you. Read more.
Find Out Which Tax Relief Strategies Can Help You
This is a great resource for those of you who want to learn about certain tax programs or settlements in more detail. We have compiled a list of more than a dozen popular tax programs that can help taxpayers permanently resolve back taxes and IRS problems. Learn which one can benefit you. Read more.
Get Monthly Tax News Updates From the Experts
In addition to the tax help articles we archive, we also send monthly tax help newsletters to our subscribers. These newsletters deliver the latest tax news from the experts directly to your Inbox. You can read past e-newsletters along with our monthly newspaper articles here. Read more.
Take Advantage of Our Free Tax Resolution Consultation
Do you want to talk to a tax expert in more detail about your specific situation? If you owe more than $15,000 in back taxes or have 3 or more years of unfiled tax returns, we invite you to call us at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation. We’re happy to sit down with you to listen to your particular tax problem and recommend tax solutions that work for you. Contact us for your free tax relief consultation today.
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Tax Resolution Services is a team of tax attorneys, CPAs, and Certified Tax Resolution Specialists. We’re here to help you with your IRS tax problems. Call us today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
Tags: Back Taxes, delinquent taxes, Free Tax Consultation, IRS debt, IRS help, irs problems, tax attorney, tax expert, tax help, tax relief, tax resolution, tax resolution services, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Useful Tax Resolution Websites, Working with the IRS, income tax relief, tax help | No Comments »
Tuesday, March 30th, 2010
Are you paying more to Uncle Sam than you need to be?
Surely no one wants to give the IRS extra cash that would otherwise stay in their own pockets. My partner Brian Compton recently shared some expert tax help tips on the Big Biz Show on how taxpayers can minimize their tax bill this year by taking full advantage of their allowable tax deductions.
Below are some top tax deductions taxpayers should not miss:
1. First-Time Homebuyer Credit
For those of you who did not own a home or residence within the last 3 years and purchased one in 2009, you can claim up to $8,000 or 10% of $80,000 of the purchasing price in tax deductions this coming April.
But be careful–this does not apply to people who bought homes before 2009; so it’s not a tax credit for anyone who’s purchased a home for the first time within the last three years. Erroneously claiming this credit when you don’t qualify could result in IRS penalties and interest. Also, if you sold your home within the last 3 years and purchased a new one in 2009, it still disqualifies you for this credit. It’s important to remember that this is for people who were not homeowners in the last 3 years before they purchased one in 2009!
2. Payroll Tax Deductions
If you are an employee for a business, make sure that your employer has given you the benefit of the payroll tax deduction. This payroll tax deduction reduces your tax withholding by $400 if you’re single and $800 if you’re married. In other words, this payroll tax will reduce your income by 6%–which can make a difference in the tax payment you owe.
3. $250,000 in Business Deductions For Equipment
Section 179 allows businesses to purchase equipment for normal operations up to $250,000 and expense all of it. As opposed to deferring your business expense deductions over the course of many years to come, Section 179 allows businesses to reduce their tax bill by $60,000 to $70,000 in this year alone.
4. Sales Tax on Vehicle Purchases
If you’ve purchased a vehicle any time between February 2009 and early 2010, you will be able claim the sales tax on your car up to $50,000 of a vehicle cost. Keep a good record of your major purchases to ensure that you get the tax deduction you deserve.
5. Charitable Donations
While there is no limit to how much you can deduct for your charitable donations, you need to know that large amounts of deductions will wave a red flag to the IRS. The IRS special code 501C-3 typically includes churches and schools, which means you can write a check for whatever amount you wish and it will be accepted as long as it is proved to be legitimate (i.e. cashed by the organization.)
Note: Always keep your checks and receipts. You never know if/when the IRS will audit you and you do not want to be caught in a position where your truthful deductions are not accepted based on a lack of proper documentation.
Brian will be continuing his tax help tips on how taxpayers can save money this year by knowing what deductions to claim. Join us on Thursday, April 8th at 1:40pm PST on the Big Biz Show to learn more!
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
Tags: 2009 tax credits, allowable tax deductions, big biz show, brian compton, first time homebuyer credit, Free Tax Consultation, Payroll Taxes, tax attorney, tax expert, tax help, tax resolution, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS help, Payroll Tax Problems, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Tuesday, March 30th, 2010
Every month Tax Resolution Services 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 Monthis Lloyd Stouder.
Mr. Stouder owed the IRS close to $136K when he sought our help. Our negotiations and advocacy resulted in the IRS accepting a settlement of $2, 290.29 via the federal government’s Offer in Compromise program!!! Amazing!!
Congratulations Mr. Stouder!
You might be my next Tax Client Of The Month too! Watch for your name in an upcoming month in our Tax Blog category “Tax Client of the Month”.
Thanks for the Kind Words…
“I just wanted to send a quick note of deep appreciation for the wonderful service you provided. It is beyond contestation the efforts of my TRS representatives. TRS went above and beyond on my behalf. All TRS personnel I had contact with throughout the OIC process, were very professional”.
– L. Stouder
Tax Resolution Services’ Offer in Compromise settlement rate is $0.106 on the Dollar. Let our team of tax attorneys and Certified Tax Resolution Specialists help you find tax relief! Free tax relief consultation – call us at 1-866-IRS-PROBLEMS (1-866-477-7762) today!
Tags: certified tax resolution specialists, Free Tax Consultation, irs problems, Offer in Compromise, offer in compromise settlement rate, professional tax services, tax attorney, tax blog, Tax Client of the Month, tax relief, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Tax Client of the Month | No Comments »
Monday, March 29th, 2010
Tax resolution scams are on the rise as unethical tax relief companies are taking advantage of the increased number of taxpayers under threat of IRS audits and back taxes.
Because the IRS is increasing enforcement to unprecedented levels, there’s been an increase in the number of unethical tax resolution scams preying on people who owe back taxes. This year we’ve already seen rising numbers of consumer complaints about tax resolution scams. In tough economic times, it’s especially important to not ignore IRS problems. Taxpayers must realize that they have to be careful when choosing a tax relief professional to resolve their back taxes and IRS problems.
Here are 9 tips for protecting yourself from tax relief scams including how to choose a qualified Certified Tax Resolution Specialist or expert tax attorney.
Protecting yourself from tax relief scams tip #1: Beware of tax resolution firms that overstate their success rate.
One way to protect yourself from an unethical tax resolution firm is to avoid tax resolution firms that overstate their success rate. According to Consumer Affairs, it’s not uncommon for firms to misrepresent their ability to provide tax help. In some instances, companies will misrepresent their staff’s professional skills and experience in addition to failing to provide promised services. It’s important that Americans beware of tax relief firms that overstate their ability to reduce IRS debt. Look for a Certified Tax Resolution Specialist firm that puts potential clients through a rigorous in-depth interview process to find out if they qualify for an IRS tax settlement – and will not allow a client to retain their tax resolution services unless the taxpayer is a legitimate candidate for tax relief. This ethical and honest approach to tax resolution will guarantee that the Certified Tax Resolution Specialist you choose, chooses you too.
Protecting yourself from tax relief scams tip #2: Know what questions to ask before you hire your tax representation.
There are a number of important questions to ask your prospective tax resolution firm before hiring them on as your IRS battle-mates. In order to ensure that your tax attorney will be working in your best interest instead of simply charging you enormous service fees, you will need to treat your research process as you would a job interview. Here questions to ask before you hire your tax representation.
Protecting yourself from tax relief scams tip #3: Hire a firm that is responsive to your needs.
A Certified Tax Resolution Specialist is responsive and will make sure you don’t pay a penny more than what you owe. A Certified Tax Resolution Specialist will take over all communication with the IRS and make sure you stop clocking interest and penalties. Unfortunately there are tax resolution scam companies out there that won’t take you calls, don’t respond to the IRS and make your your back taxes troubles much worse than if you never hired the unethical tax relief professional. In addition to having a multi-year track record of success, Certified Tax Resolution Specialists have to keep up both continuing education and a high success rate with a wide variety of tax cases.
Protecting yourself from tax relief scams tip #4: Qualified tax resolution professionals provide immediate relief through Power of Attorney.
When you get tax help from a Certified Tax Resolution Specialist, you get the benefit of them working completely on your behalf. The Certified Tax Resolution Specialist will file a tax Power of Attorney (POA) with the IRS. This will provide you with immediate relief because from this point on the IRS will be required to contact your Certified Tax Resolution Specialist instead of you. If they should happen to contact you, all you need to do is politely request that they contact your Certified Tax Resolution Specialist directly and provide them with the phone number. A separate POA may be required for any State problem.
Protecting yourself from tax relief scams tip #5: Beware of firms that guarantee results without even seeing your information.
One of the hallmarks of the tax resolution scam is someone who promises you a specific outcome without an in depth review of your specific tax matter. Every situation is unique and the IRS agent on the other side of the table is always an unknown factor. There are no guarantees in life. Anyone who gives you a guarantee is unrealistic and unprofessional at best, or a tax resolution scam at worst. A Certified Tax Resolution Specialist will get to know their client’s specific problem and educate them on tax resolution options for their specific case so that they have realistic expectations.
Protecting yourself from tax relief scams tip #6: Know when to work directly with the IRS to resolve back taxes.
If your back taxes debt is less than $15,000, most Certified Tax Resolution Specialists won’t take you as a client. A Certified Tax Resolution Specialist wants to create a win-win situation, where the taxpayer gets needed tax relief and the Certified Tax Resolution Specialist earns their fee. If your back taxes debt is relatively small (less than $15,000), most often you can work directly with the IRS to resolve you back taxes. Check out: Tax Attorney Tips: How To Beat an IRS Audit Without a Tax Lawyer.
Protecting yourself from tax relief scams tip #7: Understand the costs associated with resolving your specific IRS problem.
Tax resolution scams will often low-ball their representation fees, quoting a seemingly low cost but neglecting to you tell you that the average offer in compromise takes 6-10 months. Additionally, because a high percentage of Offers are rejected by the IRS, these cases often have to go to the appellate level – at which point these firms will then turn around and hit the client with additional appellate representation fees. Look for firms that charge a fixed fee for their tax resolution services and can explain exactly what will be involved with achieving a settlement for your specific IRS problem.
Protecting yourself from tax relief scams tip #8: Know the truth about Offer in Compromise tax settlements.
A Certified Tax Resolution Specialist has a track record of success with the IRS. You get that success rate by negotiating realistic Offers in Compromise with the IRS. An IRS tax relief scam might give you an impressive number of Offers In Compromise they have filed, but the number of OICs a tax resolution firm files is not what matters. Find out what percentage of their Offers in Compromise are accepted by the IRS (their success rate). Because Certified Tax Resolution Specialists are usually realistic with the cases they file, they often have the best track record for getting Offers in Compromise accepted.
Protecting yourself from tax relief scams tip #9: Know the difference between a tax specialist and a Certified Tax Resolution Specialist (CTRS)? Tax specialist has no meaning. What matters is being a Certified Resolution Specialist. Certified Tax Resolution Specialists are certified by the American Society of Tax Problem Solvers. The ASTPS is a national, not-for-profit organization of professionals who specialize in representing taxpayers before the IRS.
In order to obtain this certification, licensed professionals (tax attorneys, CPAs and enrolled agents) have to take and pass an exam administered by the ASTPS, prove directly related experience in the tax relief niche (two years), and be a CPA, tax attorney or enrolled agent in good standing with their respective state that licenses/regulates them. A Certified tax Resolution Specialist is uniquely qualified to successfully solve IRS problems – from negotiating tax settlements and IRS payment plans to removing or modifying IRS and bank levies – day in and day out. So whether you are looking for a tax attorney or a firm comprised of attorneys, CPAs, and enrolled agents you can research the ASTPS site and click on Find a Tax Problem Solver to determine if they are Certified Tax Resolution Specialists.
To combat tax resolution scams, you’ve got to arm yourself with knowledge. But your best insurance to protect you from tax resolution scams is getting someone you know you can trust on your team.
For more information on how to resolve your back taxes and remove IRS bank levies, visit http://www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, delinquent taxes, Free Tax Consultation, Installment Agreement, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Offer in Compromise, tax audits, tax resolution services, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, Expiration of the Collection Statute, Filing Unfiled Returns and Replacing Substitute for Ret, IRS Installment Agreements, IRS help, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Statutes of Limitations – Taxpayer’s rights, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, income tax relief, tax help | 1 Comment »
Friday, March 26th, 2010
Believe it or not, April 15th is only about two weeks away. For taxpayers who are still finalizing their tax returns, we have gathered some of our top last minute tax filing tips for you.
By filing on time, you can avoid severe IRS penalties that could add up quickly over the course of a few years. Make sure that you are protecting your financial well-being by seeking tax help when you need it and learning your tax resolution options.
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Ten Last Minute Filing Tips From the IRS
Take note from the people that are going to be reviewing your tax returns. The IRS is helping taxpayers avoid mistakes that could lead to IRS audits and penalties. Use these tips as a quick checklist before you send out your tax return this year to avoid IRS tax problems. Read more.
Last Minute Tax Help For Recession-Burdened Taxpayers
The economy has been rough on many taxpayers. However, just because you don’t have the money for taxes this year doesn’t mean you have to succumb to severe IRS penalties. Learn ways you can avoid IRS problems even when you can’t afford your taxes. Read more.
Options For Business Owners Struggling to Meet the April 15th Deadline
If you’re a struggling business owner who aren’t sure how you’ll make your tax payments this April 15th, you need to read this blog post to learn what your options are. Find out how open communication with the IRS about your financial situation can actually save you from IRS trouble. Read more.
Owe the IRS? Get Tax Help On Your Side
Many times, hiring a good tax attorney can make the difference between a winning tax settlement and a losing one. If you don’t have enough money to pay the IRS this tax season, know how to find the most qualified tax attorney to fight for you. Read more.
Don’t Miss Free Tax Help Advice As We Count Down to April 15th
I will be sharing useful tax help advice to listeners on the Big Biz Show every Thursday until April 15th. Tune in and listen for helpful tax tips on common tax problems such as resolving IRS back taxes and staying out of IRS trouble when you don’t have the money to pay. Read more.
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I meet business owners and taxpayers like you every day who are overwhelmed with anxiety by their IRS tax problems. Know that you have tax resolution options. Don’t panic. Educate yourself on what your rights are, what your options are, and how you can be IRS problem-free.
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.
Tags: Back Taxes, delinquent taxes, Free Tax Consultation, IRS debt, IRS help, irs problems, last minute tax help, Michael Rozbruch, tax attorney, tax expert, tax help, tax resolution, tax resolution services, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS help, IRS tax audit, Seeking Professional Tax Help, Statutes of Limitations – Taxpayer’s rights, Tax Debt Help News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Friday, March 26th, 2010
IRS Payment Plans – also know as Installment Agreements – allow the taxpayer to pay tax liabilities over time. If you owe money to the IRS and feel that your tax debt is overwhelming, seeking professional tax services is a smart idea. Tax Resolution Services can help a taxpayer negotiate an IRS payment plan with low monthly payments that sets you on the path to financial freedom. Filing false tax returns to evade taxes, even with the blessings of your pastor, is only going to set you on the path to prison!
A religious leader in Vancouver, Wash., was sentenced to five months in prison for aiding the preparation of a false tax return.
Until last September, Maximo Garza, 47, was the pastor for Victory Outreach Church of Portland, a non-denominational church which has operated in Portland, Ore., for more than 15 years.
During his plea hearing, Garza admitted he provided false expense invoices which purported to reflect public relations and other services provided by Victory Outreach Church to William Thompson, who was then operating a mail-order divorce service using the name Hallwood Inc. Thompson used the false invoices to take expense deductions on tax returns filed by Hallwood in order to fraudulently reduce his tax liability.
Between 2001 and 2003, Garza provided invoices reflecting a total of $735,441 in false business expenses. Thompson agreed to let Garza keep approximately 10% of the expense amounts.
Thompson pled guilty to tax evasion and was sentenced to a prison term in 2007.
If you would like to learn more about IRS payment plans, and other tax services such as Offer in Compromise, to reduce your tax debt, fill out Tax Resolution Services online form for a free tax consultation.
Tags: conspire to commit tax fraud, filing false tax return, fraudently reduce tax liability, Free Tax Consultation, IRS installment agreement, IRS payment plan, Offer in Compromise, pay tax liabilities, preparing false tax return, professional tax services, reduce tax debt, tax debt overwhelming, tax evasion, tax resolution services
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, Seeking Professional Tax Help | No Comments »
Wednesday, March 24th, 2010
Fiscal year 2009 saw 1.425 million examinations of individual tax returns – the most seen all decade. The IRS also filed more than 3 million bank levies and nearly 1 million tax liens – also the most seen all decade.
Individuals and businesses – both big and small – can be financially crippled if they fail to meet their tax obligations. Congress has sent another $12.2 billion to the IRS this year resulting in a record $5.5 billion budget and hundreds of new IRS agents who have been hired to crack down on offshore tax dodgers and under-reported income.
The trend towards tougher enforcement against tax avoidance means that more Americans than ever will need to know their options for income tax relief and IRS tax help to prevent or resolve tax audits. With tax audits on the rise, there are plenty of meaningful things that taxpayers can do to get themselves a leg up on their back taxes and level the playing field to avoid severe IRS penalties and financially debilitating levies on their wages and bank accounts.
Did you know that in 2009, the IRS collected $48.9 billion – the third-most collected all decade? Additionally, the IRS had 21,059 revenue officers and special agents on the streets in 2009 – 339 more than were employed in 2008.
These numbers should be a wake-up call for taxpayers, but unfortunately most people with IRS problems don’t know what to do or are paralyzed by fear. Job number one for our team at Tax Resolution Services is to bring their tax problems off their dining room tables and into our office where we take over all communication with the IRS and work tirelessly to defend their rights and permanently resolve their tax troubles.
Tax Resolution Services’ expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (818) 774-1813.
Tags: Back Taxes, delinquent taxes, Free Tax Consultation, IRS debt, IRS help, irs problems, Michael Rozbruch, tax attorney, tax expert, tax help, tax relief, tax resolution services, tax settlement, Tax Tips, unfiled tax returns
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, IRS tax audit, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Wednesday, March 24th, 2010
As unemployment continues to rise and many Americans struggle to pay their monthly bills, less people are expected to file their taxes by the April 15th deadline, including those unable to pay their IRS bill.
H&R Block recently announced that year-to-date tax returns prepared have fallen by 8.2% from the prior year. While some taxpayers are opting to prepare their taxes themselves or using tax preparation software to save on fees, there are also many Americans who simply can’t afford to pay their taxes.
While people who find themselves in this position frequently don’t know where to turn, it is important that they know that there are options for tax relief available. Every year, hundreds of thousands of people fail to file their taxes – and this year we can expect that number to rise due to the economic recession and the dramatic increase in unemployment.”
There are many reasons why taxpayers may be tempted to not file a tax return this year. In this weak economy, many Americans aren’t expecting a refund or fear owing back taxes that they can’t pay. Others may not know that they are required to report taxable income such as discharged credit card debt. Even if they can’t afford to pay their taxes, it’s important to understand that failing to file legally required tax returns often contributes to more significant problems with the passing of time.
With the IRS increasing enforcement and taking aggressive action when pursuing tax cheats, the worst thing Americans can do is avoid their tax obligations. In these tough economic times, taxpayers need to know that they can get expert tax help with delinquent tax returns, qualifying for an Offer in Compromise tax settlement or negotiating an IRS payment plan to permanently settle their tax debt.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (818) 774-1813.
Tags: Back Taxes, Free Tax Consultation, Installment Agreement, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Offer in Compromise, Penalty Abatement, tax attorney, tax evasion, tax expert, tax help, tax settlement, Tax Tips, unfiled tax returns
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Discharging Taxes in Bankruptcy, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS help, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, income tax relief, tax help | No Comments »
Wednesday, March 24th, 2010
Tax attorneys and Certified Tax Resolution Specialists make up our team at Tax Resolution Services. An experienced tax attorney can help solve tax problems at both the state and federal levels. Tax Resolution Services’ tax attorneys have helped many people with IRS payment plans, securing Offer in Compromise settlements, release of tax liens and IRS bank levies and many other tax relief services. The one area that Tax Resolution Services cannot help with is tax scams. If you file fraudulent tax returns, then you are on your own!
A former Department of Defense contractor was arrested in Fort Worth, Texas, by IRS Special Agents without incident on federal charges that he filed fraudulent tax returns in excess of $575,000.
The indictment by a Tucson, Ariz., grand jury alleges Michael T. McQuillen, 49, of Saginaw, Texas, and formerly of Tucson — and who been primarily employed with various contractors for the United States Department of Defense — filed eight U.S. Individual Income Tax Returns claiming tax refunds in excess of $575,000.
It alleges McQuillen attached Forms 1099-OID (Official Issue of Discount) to seven of these returns which falsely claimed withholding of federal individual income taxes approximately equal to the amount of earned income. The indictment alleges McQuillen received actual refunds from two of the fraudulent tax returns totaling $155,986.
He faces up to five years in prison and a $250,000 fine.
Contact Tax Resolution Services for a free tax consultation at 1-866-IRS-PROBLEMS. Resolving your tax debt today means a happier tomorrow for you!
Tags: certified tax resolution specialists, filing fraudulent tax returns, Free Tax Consultation, IRS Bank Levies, IRS Payment Plans, irs problems, Offer in Compromise, resolve tax debt, solve tax problems, tax attorney, tax liens, tax relief services, tax resolution services, Tax Scams
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, IRS help, Offers in Compromise, Seeking Professional Tax Help, Tax Liens and Levies, Tax Scams | No Comments »
Tuesday, March 23rd, 2010
Times are rough and with only 3 weeks to go until the April 15th tax filing deadline, many taxpayers may be growing anxious about how they are going to pay their tax bill.
If you’re among the many who don’t have enough spare cash to send to Uncle Sam, you don’t need to panic just yet. There are a number of tax relief options that will save you from severe IRS penalties and interest.
Read on for our top tax help picks of how to stay out of IRS trouble even when you don’t have the money to pay up:
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Payment Options for Struggling Taxpayers
If you don’t have enough cash to pay your taxes in full come April 15th, it does not mean you have to succumb to the inevitability of IRS tax trouble. Find out how you can save yourself from harsh IRS penalties with payment options from the IRS. Read more.
How Working With the IRS When You Can’t Pay Can Help You Stay Out of Trouble
The IRS can cut taxpayers some slack when it comes to collecting tax payments if the taxpayer can prove that they are in a financial crisis. If you’re unable to pay your tax bill come April, you can work with the IRS to stay out of tax trouble. Find out how.
What Exactly is “Currently Not Collectible” Status & How Does it Work?
Learn what the IRS considers “currently not collectible” and how you can qualify if you’re short on cash this tax season. Many times, being categorized as “currently not collectible” will save you from harsh IRS penalties and interest. Read more.
IRS Announces Unprecedented Opportunity for Recession-Burdened Americans to Settle Outstanding Tax Debt
Learn how the IRS is trying to “take it easy” on struggling taxpayers who cannot afford to pay their taxes but don’t want to wind up in IRS trouble. Are you strapped for cash? Learn how you can work with the IRS to avoid severe tax penalties. Read more.
Can’t Pay the IRS in Full? File Your Taxes Anyway and Send in $5
Many taxpayers don’t know this but if you file your tax return on time and pay them $5 in taxes, it will keep you out of serious IRS trouble. This is a great tax relief option for those who are really struggling with money this tax season. Learn more.
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By being placed in the “currently not collectible” category, you can save yourself from severe IRS penalties that would otherwise be placed on you if you do not communicate with the IRS. This is a great tax relief option for struggling taxpayers who are fighting to make ends meet.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com
Tags: april 15th, Back Taxes, currently not collectible, delinquent tax returns, Free Tax Consultation, IRS debt, IRS help, irs problems, Michael Rozbruch, tax attorney, tax help, tax relief options, tax resolution, tax resolution services, Tax Tips
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax news and tips, income tax relief, tax help | No Comments »
Monday, March 22nd, 2010
This tax season, many taxpayers are struggling to scramble every cent they have in order to not fall behind on their tax payments. While it’s not advisable to skimp on your taxes, there are a number of ways you can save on your tax bill that won’t throw you into IRS trouble.
Join other taxpayers this upcoming Thursday, March 25th at 1:40pm PST by tuning into the Big Biz Show with Brian Compton to talk about your allowable 2009 tax credits and how you can take full advantage of them in order to save some money.
By taking advantage of your allowable tax credits, you can utilize the money you save to keep your business alive and running. Make sure you don’t pay the IRS one more cent than you have to–tune in on Thursday to learn how.
The Big Biz Show airs on 8 of the top 10 radio markets, online via AOL and Yahoo, and airs on Biz Television network with a distribution of 24 million cable households in ten major cities throughout the nation, including Los Angeles, Houston, and Seattle. To find out how to tune in to the Big Biz Show in your local area or to listen to the Tax Day Countdown online, visit http://bigbizshow.com/blog/
Call us today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free, no-risk tax resolution consultation.
Tags: 2009 tax credit, big biz show, brian compton, IRS debt, IRS help, irs problems, IRS tax problems, Michael Rozbruch, tax attorney, tax credit help, tax expert, tax help
Posted in Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax news and tips, tax help | No Comments »
Sunday, March 21st, 2010
Whether you’d like to avoid the IRS, contact the IRS, settle with the IRS or just want to refer a friend, relative or client, Tax Resolution Services would love to hear from you. Tax day – April 15th – is just around the corner and if you have issues with the IRS that you’d like to have ironed out, once and for all, it is time to pick up the phone and call us for a free tax consultation at 1-866-IRS-PROBLEMS (1-866-477-7762). Here are some of the tax relief services we can help you with:
- Offer in Compromise: find out if you qualify for the Offer in Compromise program, let Tax Resolution Services negotiate a tax settlement for you, and save thousands of dollars in taxes, penalties and interests.
- IRS Tax Audits: if you are being audited by the IRS, you need to take it seriously. Hire our team of tax professionals for tax audit representation to guide you through the process.
- Payroll Tax Problems: if you have delinquent payroll taxes, you may be facing prison and be out of business. Seeking professional tax representation may save your freedom and your business.
Visit the Tax Resolution Services’ website for a full list of our tax relief services. Don’t put off your tax problems any longer – seek professional tax help and get on the road to resolving your tax debt today! 1-866-IRS-PROBLEMS.
Tags: find tax relief, Free Tax Consultation, IRS audit, irs problems, IRS tax audits, Offer in Compromise, Payroll Tax Problems, professional tax help, tax audit representation, tax professionals, tax relief services, tax resolution services, tax services
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Friday, March 19th, 2010
Tax Resolution Services webpage about Payroll Tax Problems proclaims “The IRS is very aggressive in their collection attempts for past due payroll taxes.” And that is the truth! The New Hampshire businessman highlighted in the article below apparently thought he was above the law when he tried to evade payroll taxes by paying his employees in cash. Maybe he thought he was doing his employees a favor by giving them their entire wage tax free. Maybe he didn’t realize that the only thing he was really doing was setting himself up to lose his freedom and his business!
A New Hampshire businessman pleaded guilty to attempting to evade payroll taxes in connection with the operation of a contracting business he owned.
Richard H. Taylor, of Weare, N.H., owned and operated R.H. Taylor Drywall, LLC, a construction management company based in Goffstown, N.H. From about April 1, 2004, to July 31, 2004, under Taylor’s direction and supervision, the company paid many of its employees’ wages in cash but did not withhold federal income taxes and Federal Insurance Contribution Act taxes from the cash wages and did not report the payment of those wages to the IRS. Taylor’s conduct resulted in a tax loss to the United States of about $109,000.
He faces up to five years in prison and a fine of up to $250,000.
Our team of tax attorneys and IRS specialists have helped businesses across the nation to resolve their payroll tax debt problems. And we know that by helping resolve payroll tax problems, we are also helping to save their business from the wrath of the IRS. No business is too large or small for our Certified Tax Resolution Specialists. Call 1-866-IRS-PROBLEMS for a free payroll tax consultation today!
Tags: certified tax resolution specialists, evade paying federal income tax, evade payroll taxes, Free Tax Consultation, irs problems, IRS specialists, not withholding payroll taxes, Payroll Tax Problems, resolve payroll tax debt, tax attorney, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Payroll Tax Problems | No Comments »
