Search Results

Nation’s Leading Tax Resolution Firm Saves Taxpayer Over $5 Million with IRS Offer in Compromise

Wednesday, March 17th, 2010

Our team at TRS recently helped Charles M., a man from Shreveport, LA, who owed the IRS over $5 million in back taxes, interest, and penalties settle his IRS debt for just under $14,000 by qualifying for an Offer in Compromise tax settlement.

Taxpayers should know that the IRS Offer in Compromise process is a complex and time-consuming procedure. While the IRS typically rejects a high percentage of Offers, you can greatly improve your chances of qualifying for an IRS tax settlement by hiring expert tax help. Taxpayers often do not realize that their financial background, previous tax returns and records need to be carefully evaluated before determining if they are viable candidates for tax relief through the Offer in Compromise program.

Due to the current economic climate, many taxpayers are struggling to pay their IRS bills and more Offers than ever are being submitted to the IRS. The best way to permanently settle your back taxes is to get professional help to build your case—not only will this ensure you don’t pay more than you owe, it also maximizes your chances of winning an Offer in Compromise.

Our team puts our clients through a rigorous in-depth interview process to find out if they qualify for an IRS Offer in Compromise tax settlement– and will not allow a client to retain our services unless the taxpayer is a legitimate candidate for tax relief. This ethical and honest approach to tax resolution has helped our team of expert tax attorneys, CPAs and EAs achieve a 99.7% client satisfaction rate in over 9,000 tax relief cases and an IRS tax settlement rate of $0.11 on the dollar.

“When I found out how much I owed the IRS, I did not know what to do. I had no way to repay this debt. I found hundreds of companies making claims that bordered on implausible and which made selecting the right company as daunting as the tax problem itself,” said Charles M., who settled his $5 million IRS debt for $13,956. “The people at TRS are the best at what they do, and they can help resolve your tax problem.”

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.

Tax Help News: IRS Announces it Will Ease Rules on Tax Settlements, Offers in Compromise

Wednesday, March 17th, 2010

While the IRS announced it will loosen its rules for negotiating tax settlements to help recession-burdened Americans struggling to meet their tax obligations this year, the reality is that the IRS is still the most unrelenting collection agency on the planet.

Distressed taxpayers who want to take advantage of this unique opportunity to resolve their IRS debt will be required to provide full financial disclosure – and if they plan to do this alone without expert representation, they could end up owing the IRS more money in additional accruing penalties and interest than when they started the process.

While the IRS encourages Americans who cannot afford to pay their taxes to contact them directly, tax relief experts strongly urge taxpayers to consult with a highly qualified tax representative first, especially if they owe $15,000 or more to the IRS. This will give the taxpayers a leg up on the IRS in terms of knowing insider tips on how to qualify for an Offer in Compromise.

So even though the IRS is offering to be more flexible for troubled taxpayers, those of us familiar with their uncompromising collection tactics know that it is very unlikely that they will really start showing mercy now.

It is also good to remember that winning an Offer in Compromise may be only half the battle. In many instances, the plan that the IRS will settle for will be too expensive for the taxpayer. This is another important reason why hiring professional tax help may ease the taxpayers’ nerves. A good tax resolution firm will ensure that you qualify before you apply for an Offer in Compromise and negotiate for the lowest tax liability you can get so that you don’t pay the IRS one penny more than you have to.

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.

Settle Back Taxes Today Instead of Pleading Guilty for Failure to File Tax Returns in the Future

Tuesday, March 16th, 2010

Did you know that if you owe the IRS back taxes, you still have a right to file a delinquent tax return, no matter how late?  If you knowingly did not file taxes last year, or years before that, and the IRS has not contacted you (yet!), it would be wise to settle back taxes before you end up like this Nebraska couple, who will be facing a hefty fine and possibly prison time!

Donald and Kathryn Snoozy, former residents of North Platte, Neb., pleaded guilty to willfully failing to file income tax returns for the calendar years 2003 and 2004. The couple pleaded guilty to failing to file tax returns for the 2003 and 2004 tax years, knowing that they had an obligation to file returns with the Internal Revenue Service. The Information alleges that the joint gross income for the couple was approximately $150,230.00 in 2003 and $169,473.00 in 2004.

Settle IRS back taxes with a Certified Tax Resolution Specialist from Tax Resolution Services.  Our team of tax attorneys and professional tax experts can help you resolve your tax debt.   Call for a free tax relief consultation at 1-866-IRS-PROBLEMS (1-866-477-7762) or fill out the online form.

Tax Relief Tips and Services You Can Trust from Renowned Legal Expert Bill Handel

Tuesday, March 16th, 2010

Our team of tax attorneys, CPAs, and Certified Tax Resolution Specialists at Tax Resolution Services feels very excited to have our tax relief tips featured on Bill Handel’s website HandelontheLaw.com.

Bill Handel, my good friend and associate, is the host of the nationally syndicated legal advice show Handel on the Law where he provides marginal legal advice for common legal problems in an easy-to-understand way. We have featured Bill several times on our blog and have collaborated to help educate taxpayers on their tax resolution options in the past.

Handel on the Law has enjoyed an almost unheard of run of 20 years and is still going strong. Over the years, it became clear to Bill that many callers were often in need of a qualified attorney to represent them. Realizing that the choice for an attorney is an important one, Bill decided to start HandelontheLaw.com – a website which prominently features an attorney listing service. And you can rest assured knowing that HandelontheLaw.com staff members carefully screen attorneys to ensure potential clients get the best possible service from an attorney they can trust.

Now, Tax Resolution Services is sharing helpful tax help tips on HandelontheLaw.com with small business owners and taxpayers like you. So feel free to check out his website, educate yourself on your taxpayer rights and tax resolution options, and fight the IRS with confidence.

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 at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.

Need Tax Help? Glenn Beck Nationally Endorses Tax Resolution Services For Your IRS Problems

Monday, March 15th, 2010

The team at Tax Resolution Services is very excited about our endorsement from leading national TV/radio personality, Glenn Beck.

It’s no surprise that this tax season is extra stressful for thousands of taxpayers with the struggling economy and heightened IRS tax collection efforts. When you take a look at the statistics, there indeed are more jobs being created by this Administration — by the IRS!

The IRS is in the process now of hiring over 2,000 collectors and auditors to go after YOU.

According to Glenn Beck, “The guys that can help you are Tax Resolution Services. This is a company that some of the smartest people and some of the people I really trust on things like this have recommended to me and now I can recommend to you. Tax Resolution Services will completely handle your case and deal with the IRS on your behalf.”

Remember: if you owe the IRS over $15,000 in back taxes, have unfiled returns, or you’re under audit, our team is here to help you negotiate a settlement of up to 85% off the original amount owed, including penalties and interest if you qualify.

As our team of tax attorneys, CPAs, and Certified Tax Resolution Specialists are working full-throttle for this tax season, many taxpayers may feel overwhelmed by their IRS debt and the fast-approaching April 15th filing deadline. We’d like to remind you that you are invited to call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free, no-risk tax resolution consultation. Resolve your IRS tax problems today!

6 Tips for Hiring a Good Income Tax Attorney or Certified Tax Resolution Specialist

Monday, March 15th, 2010

An experienced tax attorney or Certified Tax Resolution Specialist (CTRS) can help taxpayers secure offer in compromise settlements, IRS payment plans, penalty abatement, innocent spouse relief, release of liens or levies, non-filer issues and many other tax settlements. Before you hire professional tax help for resolving your IRS problems, you need to get informed on how to choose a good tax relief expert.

While taxpayers are allowed to represent themselves before the IRS, many taxpayers seeking tax relief find dealing with the IRS frustrating, time-consuming, intimidating or all of the above. So they make the decision to hire professional tax help (specialized tax attorney, tax resolution firm, etc.) to negotiate with the IRS on their behalf. An experienced tax attorney or Certified Tax Resolution Specialist (CTRS) who specializes in providing tax relief to individuals and businesses can help resolve tax problems at both the state and federal level. So how can you hire a tax resolution firm you can trust? Before you hire a tax resolution professional, check out these top tip for choosing a good tax relief expert to help you resolve your IRS problems.

Tax Relief Professional Hiring Tip #1 – Understand the cost of going solo: There are many advantages to hiring an income tax attorney or Certified Tax Resolution Specialist, but the greatest advantage is peace of mind and knowing that you are not taking unnecessary risks with your personal and financial freedom. Going in front of the IRS without a tax attorney is like defending yourself in a murder trial. You’ll get creamed. To paraphrase the wise old saying, “He who acts as his own tax attorney has a fool for a client.” Even if you can’t afford to pay your back taxes or have years of unfiled delinquent tax returns, a Certified Tax Resolution Specialist or tax attorney can help you settle your IRS debt by increasing your chances of resolving your back taxes and helping you qualify for a tax relief settlement where you only pay back only a fraction of what you owe.

Tax Relief Professional Hiring Tip #2 – Don’t be penny wise but pound foolish: Even when you know you need a tax attorney, it can still be a difficult decision to make when faced with their fees. However, know that not getting professional tax help can be even more costly. To get the tax relief you need, you need to leverage the specialized knowledge that only an expert income tax attorney or Certified Tax Resolution Specialist can provide. In many instances, retaining professional and reliable tax attorney and tax resolution services will often result in more affordable and IRS payment plans and lesser tax penalties. However, when you owe back taxes and you need a tax attorney’s help to get the tax relief you want, the issue at stake is more than just what’s on your balance sheet. Issues with back taxes and other IRS problems can be both financially and personally crippling – so you will want to resolve them swiftly and permanently.

Tax Relief Professional Hiring Tip #3 – Understand your tax settlement options: Your tax attorney or Certified Tax Resolution Specialist should help you understand the process for resolving tax debt so that you have realistic expectations for solving your specific tax problem. Because the IRS has very strict guidelines governing eligibility for tax settlement, your tax relief professional needs to let you know up front what tax settlement options are viable for and resolving your specific IRS problems.

Tax Relief Professional Hiring Tip #4 – Know that every tax relief case is different: To get the tax relief you need, you will need personalized attention rather than a one-size-fits-all approach to tax resolutions. Beyond being able to leverage the specialized knowledge only an income tax attorney or Certified Tax Resolution Specialist can provide, you will want to choose a firm with extensive experience and an exceptional track record for tax relief success to help ensure your unique case is in good ands.

Tax Relief Professional Hiring Tip #5 – Look for a firm that offers transparency: It’s unfortunate that there are some tax relief firms out there that will lowball their initial fees – without letting taxpayers know about additional fees that may be involved further down the road. This is a popular tactic that firms use to secure a client. They start the process by quoting entry-level fees – intentionally leaving out the fact that the offer in compromise process can take up to 6-7 months. 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. You will want to choose a firm that will help you understand exactly what’s involved with achieving a settlement for your specific IRS problem.

Tax Relief Professional Hiring Tip #6 – A tax attorney will keep you out of future IRS trouble: Hiring a professional tax attorney and tax resolution services can not only help you resolve IRS problems from the past, but it can also help you achieve permanent tax relief, making sure you don’t run into tax problems in the future.

Hiring a good Certified Tax Resolution Specialist (CTRS) or tax attorney can help significantly increase your chances of securing offer in compromise settlements, IRS payment plans, penalty abatement, innocent spouse relief, release of liens or levies, non-filer issues and many other tax settlements.

The bottom line is: be careful about who you hire. Know what questions to ask before hiring a tax attorney, CPA, or Tax Resolution Specialist to solve your IRS tax problems. Remember that a trustworthy and good tax resolution firm will help you understand what to expect when resolving your tax debt.

For more information on how to get IRS tax relief, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS. Our team consists of an expert staff of tax attorneys, CPAs, and tax relief professionals to help individuals and small businesses work together to solve their IRS problems with tax liens, unfiled back taxes, offers in compromise, wage levies, tax relief, delinquent returns, tax debt installment plans, bankruptcy and protecting an innocent spouse from unfair tax burdens.

IRS Tax Humor of the Month: What Happens When You File False Tax Returns?

Sunday, March 14th, 2010

Tax day, April 15th, is right around the corner.  If the tax comic below is not as funny to you as we think it is, you may be in need of professional tax help from our tax attorneys and Certified Tax Resolution Specialists to resolve your tax problems.  Tax Resolution Services always offers a free tax consultation simply by calling 1-866-IRS-PROBLEMS.

Tax Help: How to Resolve Your Back Taxes & Prevent Tax Problems If You’re Short on Cash This Season

Thursday, March 11th, 2010

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.

Got Payroll Tax Problems? Office Manager Gets 30 Months in Prison for Failure to Pay Employment Taxes and Tax Evasion

Thursday, March 11th, 2010

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 problemsPayroll 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!

Tax Help News: Glenn Beck Endorses Tax Resolution Services, Co. for Expert Tax Help with IRS Problems

Wednesday, March 10th, 2010

As Congress allocates another $12.2 billion to hire 2,000 more tax collectors, more Americans than ever will need professional tax relief to resolve back taxes, unfiled returns, and IRS audits.

In the weeks leading up to Tax Day on April 15, more struggling taxpayers facing IRS debt are seeking relief from their tax troubles during a record year for federal spending on tax enforcement. Glenn Beck, one of America’s leading radio and television personalities, has endorsed Tax Resolution Services, Co. as a recommended provider of solutions for taxpayers with IRS problems.

“The IRS is in the process now of hiring over 2,000 collectors and auditors to go after you,” says Beck, a top-rated Fox news personality, talk radio host, and best-selling author. “Get the experts at Tax Resolution Services on your side. They know how to get it done, how to negotiate, they know how to protect you!”

Tax Resolution Services provides affordable tax relief to people with IRS problems. If you owe the IRS over $15,000 in back taxes, have unfiled returns, or are under audit, our team at Tax Resolution Services can provide you with tax help to negotiate a settlement of up to 85% off the original amount owed, including penalties and interest if you qualify.

Keep in mind that Congress is sending another $12.2 billion to the IRS this year. Most of the money will be used for enforcement. This new enforcement will likely affect all economic strata in the United States, from the nation’s wealthiest to Average Joes.

Our team of expert tax attorneys, Certified Tax Resolution Specialists and CPAs have successfully saved clients over $52 million in back taxes and IRS penalties. Expert tax relief services not only provide a bridge between you and the IRS, but can greatly increase your chances of resolving tax problems for the lowest possible amount allowed by law.

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. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 866-IRS-PROBLEMS (866-477-7762).

Offer in Compromise: How to Get the Tax Help You Need Through an IRS Offer in Compromise

Tuesday, March 9th, 2010

The IRS  Offer in Compromise (OIC) program is designed for struggling taxpayers who, for whatever reason, are absolutely incapable of paying off their tax debt in full. It can be a powerful tool in helping you permanently eliminate your tax debt. If you owe back taxes to the IRS and you are unable to pay the debt in full, you may be eligible for tax relief through the offer in compromise program.

The IRS is notorious for its high rejection rate for Offer in Compromise applications. The key to winning Offer in Compromises is to first and foremost make sure that you qualify for it. What a lot of taxpayers do not realize is that they can spend all the time they want on putting their OIC together but if they don’t qualify for it in the first place, it really is just a waste of time.

To help our readers understand a little more about the Offer in Compromise process and how it can help you resolve your IRS back taxes for good, we have compiled a few of our top OIC articles. Read on for more info on how you can find out if you can win an OIC:

How to Get Tax Relief through the IRS Offer in Compromise Program

It is important to consult with a qualified tax professional (a tax attorney, CPA or Enrolled Agent who happens to be a Certified Tax Resolution Specialist) first to analyze your current financial situation, previous tax returns and other records. By determining exactly how much you owe the IRS, you are ensuring that you’re not obligating yourself to pay even a penny more than what you owe.

Find Out If an Offer in Compromise is REALLY Too Good to be True

It is completely normal for taxpayers to be skeptical of Offer in Compromises for just how good it all sounds. Is getting rid of IRS back taxes forever really as easy as applying for an OIC? Learn the “catch” to an OIC from our tax expert. Read more.

Tax Resolution Options For Those Who Do Not Qualify for an OIC

Winning an Offer in Compromise to resolve tax debt sounds great, but what if you do not qualify for it? Are there still comparable tax resolution options out there for you? Explore what you can do to reduce or dissolve your IRS tax debt even if you’re not a winning OIC candidate. Read more.

Stay Updated on IRS Changes to Processing OIC Applications

Believe it or not, the IRS is actually trying to increase their acceptance rate for Offer in Compromises. Learn how the new IRS procedures in processing OICs can positively affect how your application is reviewed. Read more.

Real-Life Tax Resolution Stories: OIC Saves Man $5 Million in IRS Back Taxes

Real tax resolution stories like this one ought to encourage taxpayers who feel overwhelmed by their tax debt to remain hopeful for potentially great tax resolution outcomes. TRS was able to save this taxpayer more than $5 million in back taxes with a successful Offer in Compromise settlement. Read more.

How to Make the IRS an Offer they Can’t Refuse

Not sure how to go about reducing your IRS back taxes? It’s time to take advantage of the tax help resources available to you. Check out these great tax help tips about how to negotiate an affordable tax settlement with the IRS. Read more.

The bottom line is: don’t hesitate to get tax help if you aren’t sure what to do about your tax problems. Applying for an Offer in Compromise can be complex and overwhelming–tap into the expertise of tax experts (tax attorney, CPA, Certified Tax Resolution Specialist) and let them fight on your side against IRS tax problems.

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

Ask The Tax Resolution Expert: Is the IRS Offer in Compromise Program too Good to be True?

Monday, March 8th, 2010

Michael Rozbruch is a Certified Tax Resolution Specialist who solves IRS problems every day. Read on about Michael’s advice on the IRS Offer in Compromise program.   Tax Resolution Services has an Offer in Compromise settlement rate of $0.106 on the Dollar.   If you need tax help, Tax Resolution Services offers a free professional tax consultation by calling 1-866-IRS-PROBLEMS (1-866-477-7762).

Question: I believe in the old adage that “If it’s too good to be true, then it probably is.” Explain to me why that shouldn’t apply to the Offer in Compromise program you have talked about in previous issues.

Answer:  Great question. Skepticism is a good, healthy thing, and everyone should be skeptical at first when it comes to tax advice. You want to make sure you’re dealing with a qualified tax professional.

First off, let me assure you the Offer in Compromise, while a wonderful program for those who qualify, is not too good to be true. The reason for that is in those four words in my last sentence: for those who qualify.

The IRS isn’t handing out Offers in Compromise to every taxpayer with tax debt. The U.S. tax-collecting agency doesn’t operate on a pay-what-you-wish model by any means. The Offer in Compromisewas designed for a specific group of taxpayers who amassed sizeable tax debt through previous earnings and interest but who — for reasons that could be personal, professional or medical — are simply unable to pay that debt off, even over time.

While this program may seem counterintuitive for an agency tasked with collecting money Uncle Sam is owed, it actually isn’t: For taxpayers who simply can’t pay their debt, the Offer in Compromise offers a greater collection rate for the government overall than the bare-knuckled approached that resulted in fleeing taxpayers ever did.

Nevertheless, this program can be very good news if you qualify for the Offer in Compromise: By negotiating a settlement offer with the IRS, you can reduce your tax debt to a fraction of what you owe. A tax professional will first review your previous returns — coming to the exact amount you owe the IRS — and then you and your tax professional will negotiate your Offer in Compromise.

Michael Rozbruch is an IRS problem solver. For a free, no-risk tax consultation, fill out the online form or call 1-866-IRS-PROBLEMS. 

Top Tax Resolution Tips: How to Hire Expert Tax Help and Avoid IRS Relief Scams

Friday, March 5th, 2010

Tax season is fully upon us and what better time than now to revisit some of our top tax help blog posts? And here are some of our top tips for hiring the best tax attorney, CPA, or Certified Tax Resolution Specialist while avoiding tax relief scams.

As a part of Tax Resolution Services’ dedication to help taxpayers like you stay informed about your taxes and how to avoid falling in deep with the IRS, we have compiled some of our most helpful tax resolution blog posts on this matter. We will be continuing to publish more compilations of our most popular blog posts on various important tax help subjects throughout the upcoming weeks to gear up for tax season! So stay tuned!

———–

Beware of Tax Resolution Firms That Overstate Success Rate

Consumer Affairs warns consumers against tax resolution firms that inflate their ability to reduce taxpayers’ IRS debt. Don’t hire tax resolution firms that only care about their bottom line and not your actual tax relief, learn about how you can protect yourself and your financial well-being from unrealistic tax resolution promises. Read more.

7 Ways You can Ensure that Your IRS Tax Problems Are in Good Hands

The quality of the tax representation you hire can determine whether you win or lose against the IRS. Therefore, it is extremely important that you hire a professional who is well versed in tax law and IRS procedures. IRS representation is a complicated field with many different laws to interpret. While any Attorney, CPA or Enrolled Agent can represent clients before the IRS, few are truly qualified to provide the knowledge, experience and negotiating skills needed to successfully represent a taxpayer before the IRS. Learn 7 important things to consider before you hire your tax defense. Read more.

Ask the Right Questions Before You Hire Your Tax Representation

Before you hire a tax attorney, CPA, or Certified Tax Resolution Specialist, you are entitled to learn everything you want to know about the firm, your tax resolution process, and what you can expect before you commit. This entails asking some important questions–learn what you need to look for in a tax resolution firm before jumping on board! Read more.

Is Your Tax Attorney Credible? How You Can Find Out

With 35 million taxpayers with IRS tax problems, you can bet there’s a lot of competition between tax resolution firms for a piece of the market. While any attorney can “fight” the IRS for you, it is best to do your homework and find the most qualified tax attorney for your tax resolution needs. Learn some important criteria to consider when hiring tax help. Read more.

Note: If you’re looking at national ratings to evaluate your tax resolution firm, remember to keep in mind that not all of these ratings show the entire picture. You can always dig deeper by asking more questions! Read more about what to watch out for in national ratings like the BBB Rating.

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

Thinking of Cheating on Your Taxes? Think Again! Get Tax Relief Instead

Thursday, March 4th, 2010

Tax season is officially here and the current economic downturn may encourage struggling taxpayers to cheat on their taxes – resulting in an even larger tax gap than prior years.

There is close to a $400 billion tax gap each year, which means that taxpayers are paying $400 billion less than they should in taxes. Meanwhile, the federal budget deficit for 2009 soared to an all-time high of $1.42 trillion and still growing, surpassing the previous record of $454.8 billion set in 2008. These factors along with the increasingly aggressive IRS going after tax cheats make this tax season the worst one for anyone who wants to illegally skimp on their tax bill.

Taxpayers have to understand that for the government, collecting funds through more aggressive collection tactics by the IRS will be more politically appealing than raising taxes – so beware! Instead of risking the wrath of the IRS, taxpayers must learn about their options for settling their tax debt and avoid becoming the target of aggressive IRS collection efforts. If you are in IRS trouble and you’re not sure what to do next for tax relief, your best bet is to hire tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Getting professional tax expertise on your side will truly maximize your chances of winning a tax resolution settlement.

There are a number of unique tax cuts/credits that are available to taxpayers this year due to the economic crisis–it’s a good idea to take advantage of the ones you qualify for in order to cut down on your tax payment.

Thinking about cheating on your taxes? I strongly urge you to think again. Learn more about why tax evasion schemes may cost you more money than your regular tax bill.

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, no-risk tax resolution consultation or visit www.taxresolution.com for more tax help tips!

Tax Resolution Fees: How Much Will It Cost to Solve Your Specific IRS Problem?

Thursday, March 4th, 2010

From time to time, we hear about other tax resolution firms offering IRS relief services for questionably low fees.  While our fees may not be the lowest fees out there, we have the best published tax relief track record in our industry.  And we’re thankful for these opportunities to offer insight into our tax resolution process and talk a little about what we do as a firm and how we achieve exceptional results for our clients.

It’s unfortunate that there are some tax relief firms out there that will lowball their initial fees – without letting taxpayers know about additional fees that may be involved further down the road. This is a popular tactic that firms use to secure a client. They start the process by quoting entry-level fees – intentionally leaving out the fact that the Offer in Compromise process can take up to 6-7 months. 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.

At TRS, we quote a fixed fee for our tax resolution services. We can do this because we know exactly what will be involved with achieving a settlement for your specific IRS problem. We let our clients know at the time of their initial Free Confidential Consultation, how much they will have to pay in total to achieve their tax resolution (And this is a flat fee, unless there is a significant change in what we were retained to do.)

We put our 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 our services unless the taxpayer is a legitimate candidate for tax relief.

Our role is to negotiate the lowest possible IRS payment amount allowed by law. Our expert team of tax attorneys, Certified Tax Resolution Specialist and CPAs has extensive expertise and experience achieving exceptional outcomes for our clients.

We offer transparency to our clients, helping them understand the process for resolving tax debt so they have realistic expectations for solving their specific tax problems. Because the IRS has very strict guidelines governing eligibility, we let our clients know up front what tax relief options are viable for resolving their specific IRS problems.

This ethical and honest approach to tax resolution has helped our team achieve a 99.7% client satisfaction rate in over 9,000 tax relief cases and an IRS tax settlement rate of $0.11 on the dollar. We have a tax relief success rate that’s second to none – having saved 52 million dollars in back taxes and IRS penalties since 1998.

If you are in trouble with the IRS, call our office today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com