Tax Resolution Services interviewed by Terry Bradshaw

September 1st, 2011

“When Bad Things Happen to Good People” is an appropriate title for the recent episode of Business Day TV with Terry Bradshaw featuring an interview with the leaders of Tax Resolution Services, Co.

This special episode acknowledges the poor economic realities currently facing many Americans, some for the first time and often through no fault of their own. Negative life altering events such as job loss, death of a loved one
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Tax Relief News: Clergy Member Tax Breaks on Homes

September 1st, 2011

U.S Tax Court is keeping tabs on every possible tax detail in the hopes to find some extra revenue and tax loopholes are being sought out to try to find funding to fill in the budget deficit. Not free from the examination are clergy members and the tax relief laws that protect them from paying taxes. Back in March the U.S. Tax Court made a surprising ruling to extend a
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Tax Resolution Tip: Back Taxes Can Expire

August 31st, 2011

Today’s Tax Resolution Tip:
You may be surprised to hear that back taxes owed have an expiration date. That’s right, the IRS, by law, has 10 years from the date of assessment to finish collection of back taxes, which is referred to as the “Expiration of Back Taxes: Statute of Limitations on IRS Collections.”  This means that after 10 years, if the IRS have not collected back taxes owed, they can
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Employment Tax Fraud by Miami Contractor Gets Him Prison Time

August 30th, 2011

A Miami contractor was sentenced to 18 months in prison for employment tax fraud.
Reynaldo Orozco was also ordered to pay $504,047 in restitution to the United States.
Orozco previously pleaded guilty to one count of filing a false employment tax return on March 22, 2011. According to court documents, from 2004 to 2007, Orozco owned and operated Rock Construction Builders Inc., a construction business located in Miami-Dade County.
Orozco admitted that he
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Got back taxes? It’s Never Too Late to File a Tax Return

August 30th, 2011

For anyone with outstanding tax debt, I wanted to provide additional information to the IRS’s advisory list of Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt newsletter published a few weeks ago. The IRS’ objectives on this subject are simple; collect every cent of taxes owed as soon as possible. In order to achieve this, the IRS has made the payment process easy by widely
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Employee or Independent Contractor?

August 29th, 2011

By Joseph Arsenault, CPA & Founder of Cafetax.com
Employers quickly realize that the cost of an employee is more than just their salary and bonus. The cost of benefits aside, the employer also pays FICA tax on wages paid to the employee . It doesn’t take long for employers to start asking the question, “Can I 1099 a worker and reduce payroll tax”?
The answer depends on the relationship between the employer
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Tax Debt – 10 Tips for Those Who Owe Money to the IRS

August 29th, 2011

The IRS newsletter Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt published a few weeks back, alerted Americans seeking tax debt relief there are ten options available to pay off their outstanding tax debt. These new IRS programs and policies are an effort to get delinquent taxpayers to avoid additional fines penalties or tax liens by making easy payment methods available such as a
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Another Tax Evasion Case: Pennsylvania Man Charged With Tax Offenses

August 29th, 2011

Why do we highlight tax evasion cases on our tax blog? Two reasons: first we cannot believe what some people think they can get away with and, second, because we want to show you that the IRS shows no favorites – whether you are rich or poor, a celebrity or not, the IRS will come after you if you are trying to scam them! Another example below:
Thomas D. Tuka, of
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Offshore Voluntary Disclosure Initiative Extended to Sept 9

August 29th, 2011

IRS.gov issued an extension to the 2011 Offshore Voluntary Disclosure Initiative.  The original August 31, 2011 has been extended to September 9th, 2011.
The extension is to give more time due to the impact of Hurricane Irene.  This gives delinquent taxpayers with undisclosed offshore bank accounts extra time to disclose their assets to the IRS.
There is no better time than now to get on this.  FBAR and Offshore Account Disclosure is
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Tax Fraud Committed by Kentucky Cop Gets Him 39 Months in Prison

August 26th, 2011

A former Shively, Kentucky, police officer was sentenced to 39 months in prison and three years of supervised release after being found guilty by a federal jury of multiple counts of tax fraud and lying to the IRS.
Following a three-week trial, the jury found Curtis Gordon Jr., 40, of Louisville, Kentucky, guilty of three counts of filing false federal income tax returns, three counts of failure to file federal income
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Tax Evasion by Strip Club Owner Gets Him 78 Months in Prison

August 24th, 2011

Ever wonder what happens to your hard-earned dollars when you give them away to a stripper?  Here’s one answer that may not please you:
Samuel J.T. Moore III, 47, of Richmond, Va., was sentenced to 78 months in prison and ordered to pay a fine of $250,000.
Earlier, Moore was charged in a three-count superseding indictment with making and subscribing false income tax returns for the 2005 and 2006 calendar years and
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IRS Tax Comic For Those Who Need a Laugh

August 22nd, 2011

Any kind of cheating is better than cheating on the IRS – is what this tax comic below is insinuating.  Enjoy!

For more funny tax comics, check out the “Tax Humor” category on our blog.

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Michele Bachmann on the IRS: Know Your Enemy

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.  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
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Offer in Compromise Program Saves Tax Client Over $50K

August 20th, 2011

At Tax Resolution Services we choose a very special Tax Client Of The Month.  It is 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. John  M.
Mr. John M. owed the IRS over $61,000 in back taxes. After several months of negotiations with the IRS, we were able
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Tax Fraud Scheme Promoter Sued by U.S. Government

August 18th, 2011

The United States has sued a Washington man to stop him from promoting an alleged tax fraud scheme.
The government’s complaint alleges that John Lloyd Kirk promotes the use of fabricated Internal Revenue Service Forms 1099-OID to report fictitious income tax withholding. Kirk’s customers allegedly file federal tax returns claiming huge tax refunds based on the fake withholding.
According to the complaint, Kirk, who resides in Des Moines, Wash., promotes the scheme
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