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Wednesday, March 3rd, 2010
This week, the nation’s leading tax expert Brian Compton, president of Tax Resolution Services, chatted with Caz Taylor and Ruben Garcia on SBA Radio to share some great tax help tips for small business owners on how to avoid IRS audits.
As the tax filing deadline draws nearer, many small businesses already struggling with the state of the economy must face yet another challenge–filing and paying taxes.
It has been reported that 75% of the entire taxpaying public is terrified of the word “audit.” But the harsh reality is, with the government strapped for cash, IRS audit rates are climbing–especially audits on the very same small businesses that are barely keeping their lights on.
The IRS “Rationale”
So why ARE small businesses such a main target for IRS audits?
Small businesses have a lot of activity that may not get reported directly to the IRS through third parties; receipts and sales that the business receives go directly to the business bank account and typically get verified later with a 1099 or a W-2. Due to this lack of an overarching system of supervision, there are more gray areas and “loopholes.” This is why small businesses make a prime hunting ground for the IRS to go looking for more revenue.
Top Audit Trigger Points to Watch Out For
1. Payroll Taxes–many small businesses struggling to survive find it very tempting to “borrow” from their payroll tax deposits. In a rough economy, this is very common–small business owners that are not getting enough incoming revenue to pay for their operating expenses must find a way to keep their lights on. So they turn to “borrow” from their payroll tax deposits. This starts off small but can turn into a downward spiral when 6, 8, or 12 months down the line, they are still tapping into their payroll tax deposits. This is how they get into deep IRS payroll tax problems.
Before they know it, they receive a letter from the IRS and that’s when the IRS will come down hard on these business owners. It is not uncommon for the IRS go into business owners’ bank accounts and grab their receivables–which means as business owners, you no longer get your cash inflow until you pay up Uncle Sam what you owe him.
Trust me, you do not want to end up there. If you are having payroll tax problems, get tax help now from a tax attorney, CPA, or Certified Tax Resolution Specialist today!
2. Improper Deductions-Small business owners sometimes claim too many deductions and that can get them in trouble if they don’t have the supporting documentation to back these up. The IRS has a system where they will issue a DIF score to taxpayers. This DIF score is a very secretive method the IRS uses to calculate your expenses versus your income in order to determine if you’re claiming abnormally large deductions. The higher your DIF score is, the more likely it will be that you are going to get audited.
The IRS goes through thousands and thousands of tax returns every year to determine what they consider to be “industry standard” or the national average. If your deductions far exceed this amount, you’ll draw attention to yourself for an IRS audit.
Some people may not know this but if you are being audited and you don’t show up to that audit with your auditor because you’re scared and you don’t know what to do, the IRS can actually disallow ALL deductions that you claimed on your tax return. This will extortionately inflate what you truly owe them and you will end up in deeper financial trouble than if you were to resolve your tax problems head-on.
If you’re getting audited and you have no idea what to do next, hire a tax attorney, CPA, or Certified Tax Resolution Specialist to fight with you. Their expertise in working with the IRS and their knowledge of the tax law will maximize your chances of winning a tax settlement.
Another good way to go about it is to make sure that you have the documentation to substantiate all your deductions. Otherwise, you can hire the best tax attorney there is and you won’t have a winning case against the IRS.
3. Mathematical Errors-Mistakes happen and the IRS knows this–but that won’t stop them from auditing you if your claims on your tax returns don’t match up with your W-2 or 1099. Usually this is a relatively easier fix as you will just get a letter from the IRS telling you what you reported, what your W-2 or 1099 says you should have reported, and what you actually owe.
What Can Small Business Owners Do?
1. Make the Most of Your Allowable Deductions-Use tax-filing software programs if you need to but take advantage of all of your allowable deductions. Software programs like TurboTax help give you hints and pointers along the way so that you can deduct as much as you are entitled to–such as charitable donations, business expenses…etc.
2. Look into Tax Credits-The economic stimulus package has some great tax credits that you may qualify for. These tax credits are there to help you through this tough economy; take advantage of this opportunity and see where you can save some extra money.
3. Keep Good Tax Records-You can hire the best tax attorney out there to fight for you but if you don’t keep good records of your taxes and expenses, you will not have a winning case against the IRS. Keep your tax records for SEVEN YEARS–this way, if you get audited down the line, you’ll have all the documentation you need to build yourself a good case.
4. Don’t Miss Your Filing Deadlines-whether you’re self-employed or not, you need to file your taxes on time. Make sure you pay your estimated quarterly taxes and don’t file late. This will ensure that you don’t incur any IRS penalties and interests that will only add to your tax bill.
5. Hire Good Defense-If you’re in IRS trouble, don’t fight it alone. Make sure you are doing everything you can to maximize your chances of winning against the IRS. Hire a tax attorney, CPA, or Certified Tax Resolution Specialist who won’t take “no” for an answer and knows the tax law inside and out. It’s your financial future–don’t gamble your chances against the biggest collection agency in the world.
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: avoid IRS audit, Back Taxes, brian compton, delinquent taxes, Free Tax Consultation, income tax relief, IRS audit, IRS debt, IRS help, Michael Rozbruch, SBA Radio, small business tax advice, tax attorney, tax credits, tax deductions, tax evasion, tax expert, tax help, tax resolution, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Overview, IRS help, IRS tax audit, Payroll Tax Problems, Seeking Professional Tax Help, Tax Liens and Levies, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Friday, February 26th, 2010
Tune in every Thursday until April 15 to get free tax advice on the Big Biz Show!
Tougher IRS regulations on tax preparers in 2010 make it hard for taxpayers to get the advocacy they need for tax resolution. More people than ever will need help from a tax attorney or Certified Tax Resolution Specialist as they recover from a tough economic year.
My team at Tax Resolution Services and I are dedicated to educating individuals and small businesses on getting tax help and resolving IRS debt. I will be giving out free tax advice on how to stay out of tax trouble each Thursday till April 15th on The Big Biz Show National Tax Day Countdown. My friends Bob “Sully” Sullivan and Russ T Nailz at the Big Biz Show have been calling me “the smartest tax guy around” and “a wealth of knowledge” so I will be sharing tips with listeners on how to resolve tax dilemmas before they become severe IRS problems.
Filing taxes, let alone resolving back taxes, is a process that is oftentimes confusing and intimidating to taxpayers. Effective tax representation means that your tax attorney, Certified Tax Resolution Specialist, or CPA will become a bridge between you and the IRS. We’re committed to bringing you into full IRS compliance while defending your rights as a taxpayer.
I will also appear live on Big Biz Television on April 15th to offer important last-minute tax help advice.
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 who are here to help you with your IRS tax problems. 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 taxes, free tax advice, Free Tax Consultation, IRS debt, IRS tax problems, irs tax relief, 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, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Friday, February 26th, 2010
Knowledge is power when battling the IRS – the most brutal and ruthless collection agency on the planet. To make things more urgent, IRS enforcement is only getting more aggressive – raising the stakes to a new level. And falling for common tax relief myths can endanger your wealth, health and liberty. You owe it to yourself to learn the reality of these tax relief myths. And you don’t have to get to the bottom of these tax relief myths all on your own. Getting the right income tax help from an IRS tax attorney or Certified Tax Resolution Specialist is key so you don’t have to decipher the difference between fact and fiction on your own.
IRS tax relief myth #1 – Once the IRS creates a substitute return for an unfiled tax return, you’re toast: First of all, regardless of whatever tax relief myth you’ve heard, you have the right to file your original tax return, no matter how late. If you have failed to file taxes in the past and feel like the IRS creates a substitute return, there is income tax relief available. The average client seeking IRS tax relief who visits an income tax attorney or Certified Tax Resolution Specialist has four to eleven years of unfiled income tax returns. To get the best IRS income tax results, a good income tax attorney or Certified Tax Resolution Specialist should represent you before the IRS to get you the income tax relief you deserve and help you turn your financial life around.
IRS tax relief myth #2 – Filing a tax extension protects you from aggressive IRS scrutiny: A tax extension is not IRS tax relief! According to income tax attorneys and Certified Tax Resolution Specialists, this tax relief myth causes the most trouble. What many people don’t understand is that filing a tax extension just puts off the inevitable, because it’s not an extension of time to pay, it’s just an extension of time to file. In this tough economy, many people are living from paycheck to paycheck, but the tax relief starts with playing by the rules. Any income tax attorney or Certified Tax Resolution Specialist will tell you that no matter what you believe about IRS tax relief, the most important thing to do is be prepared to file your tax return on time, even if you don’t have the money to pay your IRS back tax bill. If you can’t afford to pay your IRS back taxes, you can still file your income tax return on time and save 25% on the failure to file penalty right off the bat. Saving 25% on your IRS back tax bill for the cost of a stamp is the kind of income tax relief that anyone can get behind.
IRS tax relief myth #3 – You have to pay your IRS tax bill in full: The average taxpayer also may not know that the IRS offers income tax help with payment options for struggling taxpayers who can’t afford to pay their tax bill in full. Most income tax attorneys and Certified Tax Resolution Specialists will warn you that setting up an IRS payment installment plan can be the most expensive way to handle your IRS back tax debt because you are paying the full amount owed plus interest plus fees. A good income tax attorney or Certified Tax Resolution Specialist can reduce your IRS back tax and IRS penalty debt burden, in some cases giving you the ultimate income tax relief by eliminating your tax burden entirely.
IRS tax relief myth #4 – You don’t file your taxes because you’re a lazy or you don’t care: The most destructive income tax relief myth is the one that eats us from the inside. Late income tax filers have a lot of guilt because they believe that their lack of income tax filing is a result of laziness. We all know that everyone procrastinates to some degree, especially when it comes to filing income taxes. But most income tax procrastination isn’t caused by laziness – it is often caused by anxiety. IRS tax procrastination can be paralyzing, and it can be detrimental to your overall financial well being – especially if you have unfiled tax returns or owe the IRS back taxes, which exposes you to IRS audits, tax liens, wage garnishments, delinquent tax penalties, fines and even jail time for tax fraud.
The sad part of procrastinating and having unfiled tax returns is that people who fear taxes may actually be missing out on some tax relief including income tax refund money that would rightfully be theirs. According to the IRS, 1.3 million individuals who failed to file a tax return in 2004 left a total of $1.2 billion in unclaimed refunds. Half of those nonfilers would have received a refund of more than $552. Some also may have been eligible for the refundable earned income tax credit. If the idea of filing all those delinquent tax returns gives you crippling anxiety, get an income tax attorney or Certified Tax Resolution Specialist to get you the tax relief (and the mental release) you deserve.
IRS tax relief myth #5 – You’re broke and out of work so you can’t pay the IRS: The IRS tax relief myth that could be the most costly hits the people who need the income tax relief the most. If the Great Recession has hit you hard, you may feel that dealing with the IRS when you need income tax relief is the worst thing you could do. After all, the IRS jumps ahead of all creditors and has the power to garnish wages, levy bank accounts and more. But even the IRS knows it can’t squeeze income tax money out of a stone. If you owe IRS back taxes and you’ve been hit by hard times, this is could be the ideal moment to contact the IRS in order to have your income tax attorney or Certified tax Resolution Specialist negotiate an Offer in Compromise. Now you have the leverage to get the best kind of IRS tax relief EVER. The IRS will reduce or in some cases eliminate your tax debt based on your current ability to pay. That means being out of work and heavily in debt has one silver lining. Talk about tax relief, you might be able to get your IRS back tax debt down to zero.
IRS tax relief myth #6 – Your chances of an IRS audit depend on when you file: These days there is no sweet spot filing date that ensures you won’t get audited. The date you file your income tax return has very little impact on whether you get audited. Being audited has more to do with the type of IRS tax return you file. If you list lots of suspicious deductions, you’ll get audited. If you declare outlandish business losses, you will be audited. If the income the IRS says you’ve gotten (from W-2s and 1099 forms) is less than the amount on your return, you will get audited. If your name is Willie Nelson or Wesley Snipes, you WILL get audited. If you’re in tax trouble, income tax relief won’t come from a magic date. You’ll get income tax relief from hiring a good income tax attorney or Certified Tax Resolution Specialist to work their IRS tax relief magic.
IRS tax relief myth #7 – You need to owe big bucks before you should hire an income tax attorney or tax resolution specialist: This IRS tax relief myth can really cost you, lots of money and, in some cases, your freedom. Beyond simple tax relief, any time you are facing potential prison time, you need professional tax help from an experienced income tax attorney or Certified Tax Resolution Specialist. Since the beginning of our democracy when you faced the government you had the right to have someone represent your interests. Tax relief is no exception.
Remember that the tricky part about owing the IRS money is that when they ask you to pay up, you may end up owing them more than just your back taxes! Hiring an income tax attorney or Certified Tax Resolution Specialist can help you save more than just IRS tax penalties, so even if you think you can’t afford it, a professional IRS tax attorney or Certified Tax Resolution Specialist can save you money and make sure you get out of IRS debt for good.
Don’t be misinformed when seeking IRS help, learn more about what you can expect when resolving your IRS tax debt and know what questions to ask before hiring a tax attorney, CPA, or Certified Tax Resolution Specialist.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you resolve your IRS problems and back taxes. For more information on how to get IRS tax relief, visit http://www.taxresolution.com/ for a free tax relief consultation or call 866-IRS-PROBLEMS.
Tags: Back Taxes, delinquent taxes, IRS debt, IRS help, irs problems, IRS tax problems, Michael Rozbruch, Offer in Compromise, tax attorney, tax evasion, 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, IRS tax audit, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax Resolution Options and Alternatives, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Thursday, February 25th, 2010
In tough economic times, it’s especially important to not ignore IRS problems. And taxpayers must realize that they have to be careful in choosing a Certified Tax Resolution Specialist or tax attorney to resolve their back taxes and IRS problems.
With more Americans than ever needing IRS help, the tax resolution industry has seen dramatic growth and many companies have entered the arena to offer help to those impacted by both financial challenges and a sharp increase in IRS tax compliance enforcement.
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 for Americans to beware of tax relief firms that overstate their ability to reduce IRS debt. In fact, I would RUN if a company “guarantees” specific results or asks for large, prepaid fees up front.
Before you hire a tax attorney or Certified Tax Resolution Specialist, here are some other questions to ask before hiring tax help. As a savvy taxpayer in need of tax resolution, you need to make sure that your tax attorney will be responsible and responsive to your needs. If you are dealing with a tax resolution firm that is more concerned about when and how quickly you can pay them instead of how to best provide you with tax help, you need to get out now.
Ethical tax resolution companies are upfront with their clients so they understand the process for resolving tax debt and have realistic expectation for solving their specific tax problem. Because the IRS has very strict guidelines governing eligibility, we let our clients know up front whether these are viable settlement options for resolving their specific IRS problems.
At TRS, 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. 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 success rate that’s second to none – having saved 52 million dollars in back taxes and IRS penalties since 1998.
Tax Resolution Services is the only national tax resolution firm certified by the ASTPS to negotiate tax settlements with the IRS. We only employ top CPAs, tax attorneys, and EAs who meet our demanding standards for professional and ethical excellence. Call us today at 866-IRS-PROBLEM to get your free consultation today!
Tags: ASTPS, Back Taxes, certified tax resolution specialist, consumer affairs, IRS help, resolving tax debt, tax attorney, tax help, tax relief, tax resolution success rate
Posted in Back Taxes, IRS help, income tax relief, tax help | No Comments »
Tuesday, February 23rd, 2010
IRS tax relief is just a phone call, or click, away. Tax Resolution Services is a team of Certified Tax Resolution Specialists and IRS tax attorneys that are here to help you resolve your tax debt. Resolving your tax debt may be intimidating, but Tax Resolution Services tax professionals help you along the way. Read more about what to expect when resolving your tax debt. Whether you have back taxes to settle, need help with late (delinquent) tax filing, or have an IRS tax lien filed against you, Tax Resolution Services can help! Free tax consultation offered by filling out this online form or calling 1-866-IRS-PROBLEMS (1-866-477-7762). The one thing Tax Resolution Services cannot help you with is conspiracy to defraud the IRS. If you choose to do that, then you are on your own — and most likely will end up like this guy in the following story.
Maxim Maltsev of Russia, and who resided in San Diego from May 26, 2006, to Sept. 27, 2006, was sentenced to 18 months in federal custody and ordered to repay $136,000 to the Internal Revenue Service.
Maltsev was charged in a sealed indictment with one count of conspiracy to defraud the United States regarding claims. He pleaded guilty in July 2009.
According to his guilty plea, Maltsev admitted that he was part of a conspiracy to obtain federal income tax returns requesting refunds before they were electronically filed with the IRS.
The conspirators then changed the bank account information on the returns to divert the refund payments from the taxpayers to accounts opened for that purpose by members of the conspiracy. To that end, Maltsev opened bank accounts at four banks in San Diego. Approximately 65 federal income tax refund payments, totaling around $105,000, were illegally diverted to the accounts opened by Maltsev.
Maltsev also convinced three friends to participate in the scheme, running the total loss to the IRS to $136,000. Those funds were withdrawn by debit, check cards and ATM withdrawals.
Let Tax Resolution Services’ team of tax professionals help you find tax relief today! Free tax consultation form online or call 1-866-IRS-PROBLEMS (1-866-477-7762).
Tags: certified tax resolution specialist, conspiracy to defraud the IRS, delinquent tax filing, filing federal income taxes, Free Tax Consultation, irs problems, IRS tax attorneys, resolve tax debt, settle back taxes, tax professional, tax resolution services, working with a tax professional
Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Tax Liens and Levies, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, tax help | No Comments »
Saturday, February 20th, 2010
My rule of thumb is to evade taxes only if you want to go to prison and pay a hefty fine! Otherwise, tax evasion isn’t the answer to any tax problems. Instead, I recommend hiring a tax professional, such as a Certified Tax Resolution Specialist, who can help you you find tax relief legally! Tax Resolution Services can help you resolve tax debt and not end up behind bars like this crooked guy from New Jersey.
A former Wayne, N.J., resident who operated a mortgage and real estate business pleaded guilty to tax evasion, admitting that he failed to report to the IRS nearly $836,500 of income, a portion of which represented proceeds from fraudulent mortgage transactions.
Russell Mainardi, 51, of Hyland Mills, N.Y., admitted that he knowingly permitted mortgage loans to be made to borrowers based on false information submitted to the banks. He then directed commissions and proceeds from the real estate transactions to a company bank account that he used to hide the income from the IRS.
He faces up to five years in prison and a fine of up to $250,000.
Tax Resolution Services can help you every step of the way. Read more about what to expect when resolving your tax debt and then call us for a free tax consultation today at 1-866-IRS-PROBLEMS (1-866-477-7762) with a Tax Resolution Specialist who will help solve your IRS tax problems!
Tags: Free Tax Consultation, hiding income from the IRS, irs problems, IRS tax problems, pleading guilty to tax evasion, resolve tax debt, tax evasion, tax professional, tax relief, tax resolution services, what to expect when resolving tax debt
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Thursday, February 18th, 2010
I’m putting on my Taxman hat talking tax relief today on the Big Biz Show! I will be on the show to share tax help tips and will be taking in calls live to address tax relief questions.
I will be on the show to share tax help tips and will be taking in calls live to address tax relief questions. See you on TV http://bigbizshow.com/!
Tags: big biz show, Big Biz Show with Russ and Sully, Michael Rozbruch, tax relief, tax resolution
Posted in Tax Problem FAQs | No Comments »
Wednesday, February 17th, 2010
I am excited to announce that I am guest co-hosting on the Big Biz Show as “The Taxman” this Thursday, February 18th. I will be on the show to share tax help tips and will be taking in calls live to address tax relief questions.
You can watch live at http://bigbizshow.com/ – check out their site, our banner is on the home page.
The TV show is co-hosted LIVE from San Diego. I will be on with Sully the entire 2nd hour from 2-3 PST.
Tax Resolution Services is the nation’s leading tax resolution firm consisting of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you resolve your IRS problems! We are dedicated to helping you make the right decisions so that you can be free of IRS problems for good. Find out more at www.taxresolution.com
Tags: big biz show, free tax help advice, Michael Rozbruch, tax advice, tax attorney, tax expert, Tax Help Tips
Posted in Ask the Expert, Expert Help From Tax Attorney, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax news and tips | No Comments »
Tuesday, February 16th, 2010
I believe that some people evade taxes because they fear that the taxes, or back taxes, they owe will be more than they can handle. As I’ve blogged about tax evasion over and over again, one can only get away with tax evasion for so long and eventually the IRS will catch up to you. Then you are looking at prison time and a hefty fine. Don’t be afraid of taxes. Seeking tax relief services from tax professionals like Tax Resolution Services, a team of Certified Tax Resolution Specialists and income tax attorneys, will help you sort through your tax problems, whether it is settling back taxes, IRS tax audits, IRS tax liens, payroll tax problems and more (see all tax help services). Now that this Arizona couple was found guilty for tax evasion and is facing prison time, I bet they wished they used professional tax relief services instead of trying to outsmart the IRS!
A federal jury returned guilty verdicts against a Sedona, Ariz., couple who operated a drug and alcohol rehabilitation center in that city.
Dr. William Howard Steiniger, 65, and his wife, Diane Goulder Steiniger, 52, operated Desert Canyon Treatment Center from 1998 until December 2008. They were each convicted of one count of conspiracy to impede and impair the Internal Revenue Service and four counts of tax evasion.
During the four-day trial, testimony established that from as early as 1997 to at least August 2007, the Steinigers conspired to defraud the United States and to defeat the IRS in its attempts to assess and collect income tax. This was accomplished by the Steinigers’ funneling of their substantial incomes into sham entities which they created.
William Steiniger’s earnings from Desert Canyon were directed to a sham trust which he called National Career & Life Institute, while Diane Steiniger’s income was directed to Flair International Ltd., which she set up as an International Business Company in the Central American nation of Belize. Trial testimony was that the Steinigers evaded assessment and payment of more than $390,000 in federal income tax from 2002 to 2005. Neither defendant paid any federal income tax from at least 1997 through 2005.
Each of the five counts against the couple carries a maximum sentence of five years in prison and a $250,000 fine.
For IRS tax relief (or more tax services), fill out our online form for a free tax consultation from Tax Resolution Services team of tax attorneys and Certified Tax Resolution Specialists or call 1-866-IRS-PROBLEMS (1-866-477-7762) today!
Tags: afraid of taxes, Back Taxes, certified tax resolution specialist, evading taxes, Free Tax Consultation, income tax attorney, income tax attorneys, IRS audits, irs problems, irs tax relief, need tax relief, Payroll Tax Problems, professional tax consultation, professional tax help, seeking tax help, seeking tax relief, tax audits, tax evasion, tax help services, tax liens, tax professionals, tax resolution services, why do people evade taxes
Posted in IRS Tax Cases, IRS Times and Inquirer, Tax Relief News, Working with the IRS | No Comments »
Monday, February 15th, 2010
I’m proud to share that taxpayers across the nation have saved in excess of $52 million dollars in back taxes and IRS penalties since 1998 with the help of our team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists.
These tough economic times are resulting in more Americans than ever seeking tax relief and IRS help for tax bills they can’t afford to pay. Additionally, the IRS increasing enforcement and taking aggressive action when pursuing tax cheats and businesses avoiding their obligations.
Faced with overwhelming tax debt, many Americans have been hoping to qualify for Offer in Compromise tax settlements or IRS payment plans. Because the IRS has very strict guidelines governing eligibility, we let our clients know up front whether these are viable settlement options for resolving their specific IRS problems.
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. 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.
“I was facing $106,000 in liability and TRS was able to settle it for $9,200,” said Stuart B., a taxpayer from Los Angles, CA. “Emotionally, it was like a weight was lifted off my chest. And TRS handled it all, from phone calls, to letters, to correspondence, everything. You couldn’t ask for a more professional organization that treats you better than they do.”
You can learn more true IRS tax resolution stories at The TRS Files.
Tax Resolution Services is an 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 866-IRS-PROBLEMS
Tags: Back Taxes, delinquent taxes, IRS debt, IRS Payment Plans, IRS penalties, Michael Rozbruch, Offer in Compromise, tax attorney, tax expert, tax help, tax problems, tax resolution expert, tax settlement, Tax Tips, unfiled tax returns
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Sunday, February 14th, 2010
Every month Tax Resolution Services chooses a very special Tax Client Of The Month. It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
February’s Tax Client of the Month is Steven Slaughter.
Mr. Slaughter owed the IRS over $35,000 in back taxes. We were able to settle his debt for just $2,958 through the IRS’s Offer in Compromise program. Our Offer in Compromise settlement rate is $0.106 on the Dollar, second to none in the tax industry! Congratulations Mr. Slaughter.
You might be the next Tax Client Of The Month too! Watch for your name in the upcoming month in our blog under the “Tax Client of the Month” category.
Thanks for the Kind Words…
“TRS was fair and honest from the start. They took a great deal of the worry out from a tough situation. They were specific in what they requested and it made it less overwhelming.”
– S. Slaughter
If you owe the IRS back taxes and feel like you may qualify for the IRS Offer in Compromise program, contact Tax Resolution Services today for a free tax consultation at 1-866-IRS-PROBLEMS (1-866-477-7762) and begin the process to resolve your tax debt today!
Tags: Free Tax Consultation, IRS back taxes, irs problems, Offer in Compromise, offer in compromise success rate, paying off back taxes, reducing tax debt, resolve tax debt, Tax Client of the Month, tax resolution services
Posted in Back Taxes, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Client of the Month | No Comments »
Friday, February 12th, 2010
You have a right to pay the IRS back taxes, regardless of how delinquent they are. If you’ve got back taxes that are unpaid, the most intelligent decision you can make is to consult a Certified Tax Resolution Specialist who will help you prepare and file the delinquent tax return. Better to do a late tax filing, then be charged with failure to file tax returns like the radio host, Louie B. Free.
Louis A. Wolk — a.k.a. Louie Free, a.k.a. Louie B. Free — was charged in Ohio with three counts of failure to file tax returns.
Wolk was self-employed as a radio host, doing business as The Louis Free Radio Program, a.k.a. Free Radio Ltd., a.k.a. Louie Free Radio. Wolk billed his program as “The Intelligent Alternative: Brain food from the heartland.”
Wolk allegedly failed to file tax returns despite the fact that he had gross income in the amount of $74,150 for calendar year 2004, $46,810 for calendar year 2005 and $17,945 for calendar year 2006.
If convicted, Wolk’s sentence will be determined by the court after review of factors unique to this case, including the defendant’s prior criminal record, if any; the defendant’s role in the offense; and the characteristics of the violation.
IRS back taxes won’t file themselves! A tax professional such as a tax attorney or Certified Tax Resolution Specialist from Tax Resolution Services can help you find tax relief today. Tax Resolution Services can also help you settle tax debt and work out IRS payment plans or work with the Offer in Compromise program, if applicable. A free tax consultation is available by calling 1-866-IRS-PROBLEMS (1-866-477-7762) or by filling out the online tax consultation form.
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Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, Offers in Compromise, Seeking Professional Tax Help, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, Working with the IRS | No Comments »
Wednesday, February 10th, 2010
As much as you may fear the wrath of the IRS to levy back taxes and IRS penalties, the tax man is afraid of exposure too. In the audit battle, the IRS fears two things: 1) You hiring a tax attorney or Certified Tax Resolution Specialist, and 2) You learning these seven little secrets about reducing back taxes and IRS penalties.
With years of record deficits (and even more in the proposed budget), the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven little secrets the IRS hopes you never see.
Reducing back taxes and IRS penalties little secret #1: Knowing your taxpayer rights gives you leverage.
The most significant way to reduce back taxes and IRS penalties in the audit process is to know your rights as a taxpayer. Instead of feeling powerless in the face of potentially crushing back taxes and IRS penalties, a good tax attorney or a Certified Tax Resolution Specialist will allay your fears by informing you of all the rights and options that are available to you.
Reducing back taxes and IRS penalties little secret #2: Filing unfiled tax returns is an opportunity for a fresh start.
You can get a fresh start on your back taxes and IRS penalties, even if you haven’t filed your returns in seven years. Think of it as a back taxes and IRS penalty reboot. Any tax attorney or Certified Tax Resolution Specialist will tell you that you won’t get off scot free (trivia point: “scot free” is a 13th century Scandinavian term for tax free), but you can improve your back taxes and IRS penalty situation. Yes, in addition to the regular back taxes debt and standard IRS penalties, you might have to pay as much as 25% in non-filing and non-payment IRS penalties, but in going back years to file unfiled tax returns, you have the benefit of 20/20 hindsight. You can amortize losses. A tax attorney or Certified Tax Resolution Specialist, by submitting several years at once, may get you a better deal on an individual year by reducing your back taxes and IRS penalties collectively.
Reducing back taxes and IRS penalties little secret #3: Take your pick of 148 IRS penalties.
Just like Eskimos have 40 words for snow, Internal Revenue has over 148 different IRS penalties they CAN hit you with. Even the best tax attorney or Certified Tax Resolution Specialist might not be able to prove your back taxes innocence, but your tax attorney or Certified Tax Resolution Specialist might be able to persuade the IRS to levy a lesser back taxes debt and IRS penalty. The IRS auditor on the other side of the desk has a lot of latitude to decide what IRS penalty to inflict. This is where a seasoned tax attorney or Certified Tax Resolution Specialist earns their fee. A tax attorney or Certified Tax Resolution Specialist is fully fluent in every tiny nuance of the IRS tax code language. Watching your tax attorney or Certified Tax Resolution Specialist haggling with an agent over back taxes and IRS penalties, is like watching an opera in a language you don’t understand. One virtuoso performance later, what you feared would be a dark and stormy bloodbath finishes with a happy ending.
Reducing back taxes and IRS penalties little secret #4: You can reduce IRS penalties to zero for reasonable cause.
If you’ve got a superstar tax attorney or Certified Tax Resolution Specialist, they can help you reduce the IRS penalties to zero. You have to show reasonable cause, but this is what tax attorneys or Certified Tax Resolution Specialists do. You may think you’ve got a reasonable cause to reduce IRS penalties, but in most cases your back taxes excuse has been tried a million times before without success. Only someone who knows the IRS tax code inside and out (like a tax attorney or Certified Tax Resolution Specialist) will know what “reasonable causes” work with the IRS.
Reducing back taxes and IRS penalties little secret #5: You can end IRS audits.
There have been whole books written about avoiding back taxes and IRS penalties. Every year those books get updated. Any good tax attorney or Certified Tax Resolution Specialist will tell you that the best way to avoid an audit is to file and pay on time. If you can’t pay in full, at least make a token payment of $5 to avoid nonpayment IRS penalties. If you get an audit letter, a tax attorney or Certified Tax Resolution Specialist knows the steps to take to end the audit quickly. You wouldn’t believe how long some IRS auditors take to perform an audit. Just to give you an indication, once your audit reaches the 28th month stage, the IRS will ask you to file Form 872, granting the IRS an extension to continue auditing. Every tax attorney or Certified Tax Resolution Specialist in the country will tell you not to sign without trying to negotiate a back taxes and IRS penalty deal. Once an audit reaches the THREE-YEAR mark, Uncle Sam can’t levy IRS penalties. (This almost never happens.) So unless you want to possibly lose almost three years of your life to the IRS, let your tax attorney or Certified Tax Resolution Specialist find a way to end the audit as soon as possible.
Reducing back taxes and IRS penalties little secret #6: Legal representation for audits vastly improves your chances for successful tax resolution.
If you get audited, talking to the auditor yourself is the worst thing you can do. Everything you say is an admission of guilt (at least in the eyes of the IRS). Every tax attorney or Certified Tax Resolution Specialist can tell you real life horror stories where a taxpayer made what they thought was an innocent or helpful comment that landed them with HUGE back taxes debt and IRS penalties. As the proverb states, “he who is his own lawyer has a fool for a client.” Treat an IRS audit as seriously as you would a murder trial. You are looking at jail time here. Get tax help from a tax attorney or Certified Tax Resolution Specialist as fast as you can.
Reducing back taxes and IRS penalties little secret #7: The IRS does make deals.
The tax man does make deals on back taxes owed, including interest and IRS penalties. Because this is probably your first time before the IRS, you don’t know the kind of deals you can get. A tax attorney or Certified Tax Resolution Specialist makes deals with them all day every day including negotiating offer in compromise tax settlements and IRS payment plan. A tax attorney or Certified Tax Resolution Specialist has a professional relationship with IRS auditors. They know not only what deals they have personally gotten from the IRS in the past, but a good tax attorney or Certified Tax Resolution Specialist hears about the best deals others have gotten from the IRS, as well. You want a tax attorney or Certified Tax Resolution Specialist, and their deal-making experience, in your corner.
When it comes to an IRS audit or reducing your back taxes, you may feel you’ve been dealt a bad hand, but knowing these seven little secrets to reducing back taxes and IRS penalties can be your ace in the hole. Getting an experienced tax attorney or Certified Tax Resolution Specialist to play your cards is the best way to walk away from this high-stakes game a winner.
Want to know more? Learn more about how you can resolve your IRS debt and get the IRS tax help you need today!
For more information on how to resolve your back taxes and IRS penalties, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
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Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, income tax relief, tax help | No Comments »
Wednesday, February 10th, 2010
You know you’ve gotten yourself in deep trouble when Wikipedia, the wildly popular online encyclopedia, has an article about you titled “Spinka Financial Controversy“. What can I say? Tax evasion and tax fraud, on a small scale or grand scale, is wrong and the IRS will catch you. For those of you who are victims of fraudulent investment schemes, there is some hope for recovery. Under the Internal Revenue Code 165 you may be able to recoup 30% to 40% of your losses. If you’ve been a victim of an investment fraud, seeing the perpetrators go to jail is only one half of revenge – recouping your losses is the other!
The Grand Rabbi of Spinka, a religious group within Orthodox Judaism, was sentenced to two years in federal prison for orchestrating a tax evasion scheme that prosecutors called “an astonishingly complex and sinister enterprise.”
Grand Rabbi Naftali Tzi Weisz, 61, of Brooklyn, New York, pleaded guilty last summer to a criminal conspiracy charge in which he admitted to working with others to obstruct the IRS by soliciting charitable donations to Spinka-related organizations with secret promises to refund donors the vast majority of the money they “donated.”
With Weisz’s sentencing, a total of seven individuals have been convicted and sentenced for working together to obstruct the IRS and to operate an unlicensed money-transmitting business.
Tax Resolution Services offers Investment Fraud Representation amongst our list of tax services. We are Certified Tax Resolution Specialists and can help with recovering your investment fraud losses today! Free tax consultation with a tax specialist simply by filling out this short online form.
Tags: , certified tax resolution specialists, evading taxes, internal revenue code 165, investment fraud representation, investment scheme representation, investment scheme victim, investment schemes, money laundering, obstructing the IRS, pozni scheme, recover investment fraud losses, section 165 representation, tax evasion, tax fraud, tax resolution services, wikipedia
Posted in IRS Tax Cases, IRS Times and Inquirer, Seeking Professional Tax Help | No Comments »
Tuesday, February 9th, 2010
Enjoy this IRS Tax Comic:
Hiding assets and income is not the answer to a clean tax return! Tax season is rapidly approaching and if you find yourself worrying about your taxes, seek professional tax help soon and find tax relief! Tax Resolution Services can help you settle back taxes, see if you qualify for the IRS Offer in Compromise Program, deal with tax liens, and more (see all tax services). Call today at 1-866-IRS-PROBLEMS (866-477-7762)!
Tags: irs problems, professional tax help, settle back taxes, tax comic, tax funny, tax help, tax relief, tax resolution services, tax services
Posted in IRS Humor, IRS Times and Inquirer, Tax Humor | No Comments »
