Foreign Bank Account Report (FBAR) violators be warned that time is running out to report offshore bank accounts.
The time to file is now!

The second (and possibly the last) IRS amnesty program is set to expire on August 31, 2011. We had a recent press release hit about this called Tick, Tock, Tax – IRS Amnesty Program’s August 31st Deadline is Approaching Fast.
With no replacement program on the horizon,
[Read More]

California Women Faces 143 years in federal prison and fines totaling $5.6 million for tax fraud
This seems like a no brainer, however Norma Coronel of Livermore, California, thought she could outwit the IRS by claiming 19 non-existent children on her federal tax returns.
Coronel, who now faces 143 years in prison and $5.6 million in fines, claimed she had 19 children on the same day: Dec. 11, 2002 in Los
[Read More]

With talk of debt ceilings and government budgets swirling around the news it is no wonder why tax relief deductions are a huge topic of controversy.  Tax deductions will cost the government $3 trillion in lost tax revenues between 2010 and 2014 (read the blog here) and now a closer look at current taxpayer trends by the Tax Policy Center states that almost half of Americans do not have to
[Read More]

Are wealthy Americans shuffling around the states in the attempt to gain some tax relief? In an article on MarylandReporter.com, Len Lazarick interviews a man who explains that his future move to Florida is not just an attempt to avoid the cooler climate. In the article, Tax flight a reality for Frederick business owner, Lazarick quotes Mark Graver, a Maryland native and a man with high financial success (earning over
[Read More]

The tax attorney services we provide would be of no help to the major tax cheater in the article below.
A Barbados national who has lived in cities across the United States was charged with fraudulently obtaining more than $10 million from the United States in federal income tax refunds by filing hundreds of bogus tax returns claiming refunds totaling more than $120 million from 2007 to 2011.
Andrew J. Watts,
[Read More]

I’m Michael Rozbruch, a Certified Tax Resolution Specialist, Founder and CEO of Tax Resolution Services. Consumers come to us everyday for tax relief help, especially when it comes to settling back taxes. Some people have heard of the Offer in Compromise program – though not everyone qualifies. Below is a recent question from one of our clients about settling tax debt, and my answer follows, which may be insightful for
[Read More]

The Internal Revenue Service wants to know what happened to $100,000 that soap opera star Jack Scalia raised for military veterans and families of 9/11 victims.
Scalia, whose All My Children character had a relationship Susan Lucci’s on the show, raised the money through two nonprofit organizations, including one called 9-11-01 Lest We Forget.
The IRS pulled 9-11-01 Lest We Forget’s tax-exempt status after the organization did not file any tax returns.
For
[Read More]

Tax Problems Affect 1 out of 6 Americans – If You Need Tax Help, You’re Not Alone!
1 in 6 Americans has a tax problem; that’s approximately 26 million people! In this video, shot at Tax Resolution Services headquarters, I talk about how terrifying IRS tax stress can be and how scared people are with their overwhelming tax problems. I see this happening in my practice every day. The IRS is
[Read More]

Feel like you deserve to deduct something and push the limits of what is legal? The IRS isn’t putting up with frivolous deduction claims, and in fact, will slap you with a fine.  U.S. legal code 6702 states that “A person shall pay a penalty of $5,000 if such person files what purports to be a return of a tax …and is based on a position which the Secretary has
[Read More]

Investment adviser and former USB AG banker was indicted for helping wealthy Americans hide unclaimed money from the IRS in offshore accounts. The USB AG bank, not included in the indictment, is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland. Martin Lack, a Swiss resident, is accused of assisting 9 U.S. clients in transferring monies to undeclared foreign accounts. In an article by David Voreacos of
[Read More]

I guest blogged on the CafeTax blog about FBAR Amnesty & The Offshore Voluntary Disclosure Initiative (OVDI).  With the amnesty deadline coming up August 31st, I wanted to educate more people who hold foreign bank accounts that they must disclose these accounts to the IRS.
As I shared in my blog post, the headlines in the past few years have reflected the increased scrutiny of such accounts by the IRS and
[Read More]

The Joint Tax Committee recently released their list of Estimates of Federal Tax Expenditures for Fiscal Years 2009-2013. The Joint Committee on Taxation is a nonpartisan committee of the United States Congress who assists Members of the majority and minority parties in both houses of Congress on tax legislation (see the website here). In Congress tax expenditures are what we like to call tax breaks or deductions;  the tax rules
[Read More]

I wrote a guest post this week called What Taxpayers Can Learn From Celebrity Tax Evasion on Daniel Stoica’s Accounting Professional blog.
I share celebrity tax evasion cases to help reiterate that delinquent tax problems happen to many people.  And it is important to remember that the IRS does not discriminate – their goal is to collect overdue taxes from everyone, celebrities included.
In the What Taxpayers Can Learn From Celebrity Tax
[Read More]

The reason I got into this business was to help people with their tax issues. Our clients found that dealing with the IRS directly often made their situation harder to resolve and more difficult to understand.  The nature of tax problems is inherently complicated and we sought to simplify that process by providing expert guidance that resulted in getting the best possible tax settlement on behalf of our clients.
Tax Resolution
[Read More]

With the nations budget deficit increasing and negotiations over what to do about the debt ceiling still raging on, taxpayers should be looking out for changes in “relief providing” tax breaks in upcoming years. Currently the tax breaks that most tax payers rely on for tax relief could be at risk of being cut from the books.  Laura Saunders of the Wall Street Journal explores the future of your tax
[Read More]