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Tuesday, April 27th, 2010
Under the new health care mandate, the IRS has authority to withhold a portion of your federal tax return if you can’t demonstrate that you have health insurance coverage.
Starting in 2014, penalties for lacking qualifying coverage will range from $695 to 2.5% of your household income, whichever is greater. According to a recent Fox Business article, Steven T. Miller, IRS Deputy Commissioner for Services and Enforcement, commented that the IRS can reduce a tax refund to collect the penalty.
The article titled “IRS May Withhold Tax Refunds To Enforce Health Insurance Mandate” also stated:
Under the new law, insurance providers will be required to provide a 1099 information return to the taxpayer and the IRS demonstrating that the individual is covered. The IRS will use document matching to identify people without coverage, and will notify those taxpayers that they may owe penalties. …The law doesn’t authorize the IRS to impose liens or levies to collect the penalties. But it doesn’t prevent the IRS from reducing a tax refund to collect the penalty.
Even though the IRS says they won’t audit you, your tax returns will be under greater scrutiny in the coming years. Increased IRS enforcement is a certainty, and now is the time to take action and get it right. IRS scrutiny from all angles also includes a Whistleblower Program that rewards people for reporting tax evasion.
Don’t wait for an IRS audit. If you have unfiled tax returns or need tax help to become compliant with the IRS, get tax relief services from a tax attorney or Certified Tax Resolution Specialist today. The pro-active approach is to take advantage of tax relief services if you owe back taxes or think you might not be in compliance.
Tax Resolution Services are experts in tax relief and can help you come into full legal compliance with the IRS. If you owe $15,000 or more in back taxes or have delinquent tax returns, visit www.TaxResolution.com or call 1-866-IRS-PROBLEMS for a free tax relief consultation.
Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, delinquent taxes, failing to file federal tax return, income tax relief, IRS audit, IRS audits, IRS enforcement, IRS help, irs problems, tax attorney, tax evasion, tax expert, tax help, tax relief, tax resolution, unfiled tax returns
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, IRS tax audit, Tax Problem FAQs, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Thursday, April 22nd, 2010
Evading taxes is unnecessary. People evade taxes for all sorts of reasons, one of which is that they feel the taxes they owe are overwhelming and they may not be able to pay them. Evading taxes isn’t necessary. If you feel you owe more than you can afford to pay the IRS, seek professional tax help immediately! Tax Resolution Services’ team of tax attorneys and Certified Tax Resolution Specialists have outlined what to expect when resolving your tax debt for you so that you feel comfortable every step of the way. Tax relief starts with a free tax consultation which is as easy as calling 1-866-IRS-PROBLEMS or filling out the free tax consultation form online. No one is exempt from the tax man! Even working for the FBI for 30 years doesn’t mean you can evade taxes!
A retired FBI Agent has pleaded guilty to evading approximately $109,000 in personal income taxes.
Jan Lindsey, 67, of Henderson, Nev., pleaded guilty to one count of felony tax evasion and is scheduled to be sentenced on Friday, July 9, 2010.
According to the plea agreement, Lindsey worked as an FBI Agent for 26 years and retired from the FBI in 1995. For the next 10 years, Lindsey worked for the FBI as a contractor performing background investigations. Prior to 1999, Lindsey filed tax returns with the IRS.
Beginning in 1999, Lindsey started using illegal tax-avoidance methods to file his and his wife’s joint tax returns. Lindsey failed to file or pay federal income tax for the years 1999 through 2006, and committed various acts that were designed to hide his income and assets from the IRS, including placing assets in nominee names and presenting or recording fraudulent documents in an attempt to obtain lien and levy releases on his property.
Tax Resolution Services will help you find tax relief! Call for your free tax consultation today! 1-866-IRS-PROBLEMS.
Tags: certified tax resolution specialist, failing to file federal tax return, hiding assets from IRS, hiding income from IRS, irs problems, professional tax help, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Wednesday, April 21st, 2010
Tax attorneys at Tax Resolution Services see all sorts of tax cases everyday. From people who want to settle back taxes to people who were unknowingly on the receiving end of tax scams to people who owe extraordinary amounts of taxes and need to work out an IRS Payment Plan. The Certified Tax Resolution Specialists and tax attorneys on the Tax Resolution Services team can help with all of the above . . . and more (see complete list of tax relief services). However, Tax Resolution Services cannot help you if you have filed a false federal tax return. You are on your own!
Pradeep Bali, 56, of Fresno, Calif., was sentenced to six months in prison for tax evasion. According to prosecutors, Bali is a self-employed real estate agent and co-owner of Realty World Starr and First Continental Mortgage Starr, both in Fresno. Bali pleaded guilty on August 17, 2009, and admitted that he submitted a false tax return for the year 2000. He falsely inflated losses or did not report income to one of his businesses, resulting in a tax loss of $79,000.
Don’t be scared of the IRS. Hiring professional tax help – such as a tax attorney or Certified Tax Resolution Specialist from Tax Resolution Services – is the first step to tax relief. For a free tax consultation – call 1-866-IRS-PROBLEMS (1-866-477-7762) today! Ignoring a tax problem does not solve it!
Tags: Back Taxes, certified tax resolution specialist, filing false tax return, IRS payment plan, Seeking Professional Tax Help, settle back taxes, tax attorney, tax evasion, tax relief services, tax resolution services, tax scam
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Tax Cases, IRS Times and Inquirer, Seeking Professional Tax Help | No Comments »
Sunday, April 18th, 2010
In the latest news about tax evasion charges for UBS account holders, five more has just been found guilty for hiding funds overseas.
According to Wall Street Journal, “A number of UBS clients have agreed to plead guilty to criminal charges for failing to report funds held overseas or by overseas entities.”
In many cases, people who know they are facing tax evasion charges will plead guilty for a lesser penalty than risking a longer sentence if they did not plead guilty proactively.
Whistleblowers who are guilty of tax evasion are not safe from IRS penalties either. But it is much better for them to work with the IRS to seek a lesser punishment than to sit and wait for much more severe penalties.
If you are defending your offshore tax evasion, you need expert tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Fighting the IRS on your own is like going to court without a lawyer.
Tax Resolution Services has a special division for offshore tax evasion defense led by one of the nation’s top tax resolution experts. We invite you to call our office at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com for more information.
Tags: Back Taxes, delinquent taxes, FBAR, Free Tax Consultation, IRS debt, IRS help, Michael Rozbruch, offshore tax evasion, offshore tax evasion defense, tax attorney, tax evasion, tax expert, tax help, tax relief, tax settlement, Tax Tips, UBS, Wall Street Journal
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Wednesday, April 14th, 2010
Tomorrow – April 15th – is tax day! As tax day approaches, some people get more desperate to get their taxes done and filed! Our tax attorneys and Certified Tax Resolution Specialists can tell you one thing for certain: large or small, elaborate schemes to evade taxes don’t work. And this just doesn’t apply to people like this man from Bend, Oregon, in the article below, it also applies for people who are filing tax returns at home. Misrepresenting yourself on your tax return filing is just a smaller scale version of tax evasion. No matter how small or fancy you get, the IRS will catch you.
Jerry Lawrence Miller, 60, of Bend, Ore., was found guilty of five cWheounts of income tax evasion and one count of conspiracy. Miller and his wife, Rosemary Josephine Miller, were charged in May 2009 with conspiracy and tax evasion.
According to evidence presented at trial, Miller worked for a company called Business Administrative Services. Miller attempted to thwart the IRS’s efforts to collect federal income taxes by entering into a “Professional Services Agreement” with BAS, in which he agreed to donate his time to BAS and, in return, BAS agreed to pay his personal expenses. BAS paid Miller’s personal expenses and issued him a preloaded ATM card to pay for personal expenses.
If you need to find tax relief – facing back taxes, filing delinquent tax returns, wondering if you qualify for the IRS Offer in Compromise plan, or need to know more about other tax relief services – you need to call 1-866-IRS-PROBLEMS today! Tax Resolution Services is here to help you straighten out your tax problems, legally, and always offers a free tax consultation. Call 1-866-477-7762 or fill out the online form for a free tax consultation that will get you on the road to tax resolution today.
Tags: april 15th, delinquent tax filing, filing false tax return, filing tax return, Free Tax Consultation, irs problems, late tax filing, need help with back taxes, Offer in Compromise, settle back taxes, tax day, tax evasion, tax resolution services, tax return, tax return filing, tax scheme, tax services
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Unfiled Returns - Delinquent Tax Returns, Working with the IRS, tax help | No Comments »
Tuesday, April 13th, 2010
There are only two days left until the April 15th tax filing deadline.
For taxpayers who are not yet ready with their tax returns, it’s time to buckle down. Whether you haven’t filed your taxes because you’ve been busy or because you don’t have enough money to pay your taxes in full, it’s time to get serious about your tax return in order to avoid IRS tax problems.
I recently appeared on the Big Biz Show to share some last minute filing tips to taxpayers who want to avoid IRS tax problems. Read on for tax help advice on how you can save yourself from severe IRS penalties this tax season.
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How Innocent Spouse Defense Can Save You
Question: What is Innocent Spouse defense and how can this relieve someone of their joint tax liabilities?
Answer: First and foremost, you can only qualify for Innocent Spouse defense if you’re divorced and signed a joint return for the year in question. Normally, if the husband has a side business with its separate banking account and gets caught for evading his taxes, the IRS can come after both the husband and the wife for the amount owed. If the wife can prove that she 1) did not know about the business and the tax evasion and 2) she did not benefit from the tax evasion of the business (i.e. living a more lavish lifestyle), then she can qualify for Innocent Spouse as long as she is divorced from her husband.
It’s a tricky situation and you definitely want to make sure that you’re going to be mired in IRS trouble for someone else’s mistakes.
What to Do If You’re in IRS Debt
Question: What is your advice for people who are in so much IRS tax debt that they don’t know what to do or where to start?
Answer: There’s a solution to every problem. I have met people who owe the IRS almost $1 million and they’re able to settle an Offer in Compromise agreement with the IRS so that they can pay off their debt in installments. It’s not often that taxpayers end up owing the IRS that much money, but even if you do–you can get tax help to resolve your IRS problems.
It is also important to remember that the IRS is willing to work with you. If you can only afford to pay “X” instead of “Y” per month to resolve your back taxes, they are flexible enough to extend your payment period to accommodate for that. This is called a “partial pay installment agreement.” Speak to a tax attorney or Certified Tax Resolution Specialist about how you can qualify for this if you are in IRS debt but can’t afford to pay.
Tax Filing Procrastinators–What to Do Now?
Question: So what if I still haven’t filed my taxes and it’s April 15th in a day? What should I be doing right now?
Answer: If you’re filing an extension, you need to be paying in about 100% of what last year’s tax liability is or you’re going to owe money. What you need to do is sit down with your documents right now, categorize them or divide them by category, not by month, and start doing your tax return.
Remember to review your social security numbers, carefully check them, make sure you didn’t transpose them. Double-check your figures if you’re doing this thing by hand, make sure your arithmetic is correct. Because if it’s not, it will generate a red flag and an IRS audit. Remember to sign and date your return, I cannot believe how many people send in their tax return and don’t sign it. That doesn’t count as a filed return.
Even if you’re filing for an extension, you still need to give the IRS an estimate. So either way, you need to sit down and crunch your numbers. You may as well get the tax return done while you’re at it.
Do I Need to Pay the Alternative Minimum Tax?
Question: What is the alternative minimum tax?
Answer: The short version of alternative minimum tax is if a taxpayer claims too many deductions and ends up having no tax liability, the government will intervene and say “no, you have to pay at least this amount ‘x’”. So you definitely want to be careful with your deductions and make sure that you’re claiming legitimate ones you can prove.
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Remember, it’s not the end of the world if you’re mired in IRS tax trouble. There will be a IRS tax relief solution that can get you through–just don’t hesitate to ask for tax help.
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. You can call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free tax resolution consultation.
Tags: alternative minimum tax, April 15th tax deadline, Back Taxes, big biz show, delinquent taxes, Innocent Spouse, Installment Agreement, IRS help, irs problems, Michael Rozbruch, Offer in Compromise, tax evasion, tax expert, tax help, tax relief, tax resolution, tax settlement, unfiled tax returns
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, 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, Working with the IRS, income tax relief, tax help | No Comments »
Tuesday, April 6th, 2010
Any tax attorney will tell you, tax evasion is not the answer to avoiding taxes! If you are in serious tax debt and feel that you cannot pay Uncle Sam what you owe, there are better options (that are also legal) than evading taxes. The first step to tax debt relief is to have tax professionals in your corner. Before I tell you more about how you can reduce your tax debt, read this story about a councilman who decided to take tax matters in his own hands, and then I’ll tell you how you can place your tax problems in our hands!
A South Carolina politician faces up to five years in prison after pleading guilty to a tax evasion charge.
Columbia City Councilman Ernest W. Cromartie II, 64, was charged in federal court with a felony information, and at the same time in a plea agreement, he chose to waive the presentation of the information to a grand jury.
Cromartie, the longest-serving city council member in Columbia, is a managing partner in a law firm and owner of One Stop Party Shop. According to federal records, Cromartie did not pay federal taxes and lied about this to investigators.
Specifically, prosecutors alleged he did not pay $25,316 in income taxes in 2004, and his overall actions resulted in a $58,075 tax loss to the United States government.
The first step to tax relief is to call Tax Resolution Servics for a free tax consultation at 1-866-IRS-PROBLEMS (1-866-477-7762). Our team of Certified Tax Resolution Specialists and tax attorneys can help you find solutions to your tax problems. They may even be able to reduce your tax debt through the Offer in Compromise program (provided you meet the qualifications) or set up an IRS Installment Agreement (IRS payment plan) that you will be able to live with. Don’t wait any longer! Tax day is right around the corner!
Tags: certified tax resolution specialists, evading taxes, Free Tax Consultation, professional tax consultation, reduce tax debt, tax attorney, tax debt relief, tax evasion, tax professional, tax resolution services
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Resolution Options and Alternatives, Working with the IRS | No Comments »
Monday, April 5th, 2010
For those who thought the heat from the UBS-IRS deal has passed, it’s time to think again.
The United States and Switzerland recently announced a new protocol where it will allow the Swiss government to provide information to the IRS on U.S. account holders of Swiss bank UBS.
According to Journal of Accountancy, “The protocol has been approved by the Swiss Federal Council and was signed in Washington on Wednesday, but the deal is still subject to ratification by the Swiss parliament.”
Once ratified, the Swiss government will be able to hand over more names to the IRS to audit and penalize whenever appropriate. The IRS is focusing on finding and penalizing more tax cheats and those who commit tax fraud–namely those who have not provided a W-9 for 3 years or more. This protocol will legalize Swiss cooperation with the IRS to reveal not only those who defraud the IRS, but those who severely cheat on their taxes.
If you have funds overseas and have not yet disclosed it to the IRS, now is the time to do so. I cannot emphasize enough how important it is for you to be completely honest with the IRS and go to them before they get to you.
I urge you to learn more from our Offshore Account Tax Settlements page to see whether you need to get professional tax help from an expert tax attorney, CPA, or Certified Tax Resolution Specialist. We have a special division for FBAR reporting and compliance, led by nation’s top offshore tax evasion defense expert Brian Compton, who is ready to help you with your IRS tax problems.
Remember, you have a great shot at winning a penalty abatement if you act now to disclose your offshore bank account(s) to the IRS before they find you. Once the Swiss government releases your name to the IRS, you will have a tougher case to fight and will most likely pay more severe IRS penalties and interest.
Call the Tax Resolution Services’ office of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, delinquent taxes, FBAR, Fbar reporting, Free Tax Consultation, IRS debt, IRS help, irs problems, offshore tax evasion, offshore tax evasion defense, offshore tax settlement, tax attorney, tax evasion, tax expert, tax help, tax resolution, tax settlement, Tax Tips, W-9
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Expert Help From Tax Attorney, IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, income tax relief, tax help | 1 Comment »
Friday, March 26th, 2010
IRS Payment Plans – also know as Installment Agreements – allow the taxpayer to pay tax liabilities over time. If you owe money to the IRS and feel that your tax debt is overwhelming, seeking professional tax services is a smart idea. Tax Resolution Services can help a taxpayer negotiate an IRS payment plan with low monthly payments that sets you on the path to financial freedom. Filing false tax returns to evade taxes, even with the blessings of your pastor, is only going to set you on the path to prison!
A religious leader in Vancouver, Wash., was sentenced to five months in prison for aiding the preparation of a false tax return.
Until last September, Maximo Garza, 47, was the pastor for Victory Outreach Church of Portland, a non-denominational church which has operated in Portland, Ore., for more than 15 years.
During his plea hearing, Garza admitted he provided false expense invoices which purported to reflect public relations and other services provided by Victory Outreach Church to William Thompson, who was then operating a mail-order divorce service using the name Hallwood Inc. Thompson used the false invoices to take expense deductions on tax returns filed by Hallwood in order to fraudulently reduce his tax liability.
Between 2001 and 2003, Garza provided invoices reflecting a total of $735,441 in false business expenses. Thompson agreed to let Garza keep approximately 10% of the expense amounts.
Thompson pled guilty to tax evasion and was sentenced to a prison term in 2007.
If you would like to learn more about IRS payment plans, and other tax services such as Offer in Compromise, to reduce your tax debt, fill out Tax Resolution Services online form for a free tax consultation.
Tags: conspire to commit tax fraud, filing false tax return, fraudently reduce tax liability, Free Tax Consultation, IRS installment agreement, IRS payment plan, Offer in Compromise, pay tax liabilities, preparing false tax return, professional tax services, reduce tax debt, tax debt overwhelming, tax evasion, tax resolution services
Posted in IRS Installment Agreements, IRS Tax Cases, IRS Times and Inquirer, Seeking Professional Tax Help | No Comments »
Monday, March 15th, 2010
Taxpayers with foreign funds may have felt the heat back last summer when UBS struck a deal with the US government to release some 4,500 names of American bank account holders to the IRS. That frenzy may seem far back in the past now but this wave of aggressive tax evasion crackdown is nowhere near over.
Recently, Wall Street Journal reported that UBS is increasing its lobbying efforts for the Swiss government to reach a deal with the US on how it will deal with confidential bank data. According to WSJ, “The U.S. Internal Revenue Service has uncovered as many as 20 other Swiss private banks as part of a tax amnesty aimed at declaring funds to the authority” and that “UBS argues that a parliamentary no-vote could also harm the other Swiss banks who offered services to wealthy Americans.”
It could be that UBS is trying to get every bank on the same page in terms of how to handle American bank holders’ information. When it comes to working with the IRS, it seems fair that every bank must abide by the same rules. It could also be the case that Swiss banks are trying to ensure that they comply with an agreement with the US so that they can continue to conduct business with American taxpayers and wealthy bank account holders.
So don’t be surprised if your “small Swiss bank account that slipped under the radar” suddenly gets caught in the IRS spotlight. The aggressive IRS hunt for overseas tax cheats is not limited to UBS account holders only. If you have money abroad and the IRS doesn’t know about it, you are in danger of getting penalized for tax evasion.
The best thing to do is disclose your foreign funds. Don’t try to cheat the IRS or they’ll come after you with all they’ve got. If you owe the IRS more than $15,000 in back taxes, penalties, and interest, it is advisable that you seek tax help from a professional tax attorney, CPA, or Certified Tax Resolution Specialist to negotiate a tax settlement for you. Ideally, you will find a tax resolution firm that has expertise in offshore tax evasion defense. Do your research before hiring a tax professional–it’s your financial welfare on the line!
Tax Resolution Services has a special division for overseas tax evasion defense. This special division is led by one of the nation’s leading tax help experts, Brian Compton. If you are in IRS trouble for undisclosed foreign funds, call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, delinquent taxes, FBAR, Free Tax Consultation, IRS debt, IRS help, Michael Rozbruch, overseas tax evasion, tax attorney, tax evasion, tax expert, tax help, tax relief, tax resolution services, tax settlement, Tax Tips, UBS deal, Wall Street Journal
Posted in Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS help, IRS tax audit, Offshore Tax Settlements, Penalty Abatement, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, Voluntary Disclosure, Working with the IRS, income tax relief, tax help | No Comments »
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 problems. Payroll 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!
Tags: certified tax resolution specialist, delinquent payroll taxes, expert tax representation, failure to file federal income tax, failure to pay employment taxes, free payroll tax consultation, help to negotiate payroll tax settlement, payroll tax penalties, Payroll Tax Problems, Payroll Taxes, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
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!
Tags: Back Taxes, federal budget deficit, IRS debt, IRS help, Michael Rozbruch, tax attorney, tax evasion, tax evasion schemes, tax expert, tax gap, tax help, tax relief, Tax Tips
Posted in Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax Relief News, income tax relief, tax help | No Comments »
Thursday, February 25th, 2010
The NYTimes reported a recent case where a wealthy investor in Virginia pleaded guilty to tax evasion charges involving his undisclosed foreign funds. One thing that distinguishes this investor from the many taxpayers who have been prosecuted by the IRS for hiding funds abroad was that this investor’s money was not hid in UBS.
Indeed, the IRS is expanding its reach to other banks beyond UBS that are helping wealthy Americans hide their funds abroad. It should also be a warning sign to the wealthy Americans who have not yet disclosed their foreign funds to the IRS in order to save on their tax bill that the IRS is not done yet.
As the IRS expands its scope of investigation to banks beyond UBS, it may become more apparent that offshore tax evasion incidents are on the rise–or rather, the discoveries of these cases are growing every day.
For those of you who may not know, failure to report your Foreign Bank and Financial Accounts (FBAR) penalties can amount to as much as 200-300% of the asset value of the account. So if you have an unreported overseas bank account, you really need to get expert tax help as soon as possible to seek penalty abatement to reduce the impact of financial penalties and criminal implications.
Whatever the case may be, taxpayers need to be aware of their rights. Even if you had hid money from the IRS through international banks, you are still entitled to tax help from a professional tax attorney, CPA, or Certified Tax Resolution Specialist.
You can give your financial future a great shot by hiring one of the leading tax resolution experts in the nation to defend you. Tax Resolution Services’ Offshore Banking and FBAR Defense Division is headed by the nation’s leading offshore tax evasion defense experts. Don’t wait another day, get tax help today to be rid of your IRS problems!
Read the full NYTimes article on offshore tax evasion.
Call Tax Resolution Services today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com for more tax help advice.
Tags: delinquent taxes, FBAR, Free Tax Consultation, IRS debt, IRS help, IRS penalties, irs problems, Michael Rozbruch, offshore tax evasion, offshore tax evasion defense, tax attorney, tax attorneys, tax cheat, tax evasion, tax expert, tax settlement
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offshore Tax Settlements, Seeking Professional Tax Help, Tax Debt Help News, Tax news and tips, tax help | No Comments »
Thursday, February 25th, 2010
Seems like the economy’s got everyone hanging tight onto their wallets–even high earners like this attorney who now faces three years in prison for deliberate tax evasion.
David Thomas, 55, Killingworth, Conn., pleaded guilty to one count of filing a false tax return. Thomas, an attorney, was retained by the Cedar Island Improvement Association to provide legal assistance. Thomas received $120,977 from the association. However, for the tax years 2004 and 2005, he failed to report the $120,977 he received. Thomas faces up to three years in prison and a fine of up to $100,000.
While many of you are gearing up to pay your taxes this year, remember that no amount of money “saved” is worth the IRS penalties if it’s not legitimate.
If you are in IRS trouble and aren’t sure how to resolve your back taxes and penalties, contact a tax attorney, CPA, or Certified Tax Resolution Specialist for tax help. Many times, the expertise of these tax professionals can drastically increase your chances of winning a tax settlement.
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: delinquent taxes, Free Tax Consultation, IRS debt, IRS help, Michael Rozbruch, tax attorney, tax evasion, tax expert, tax fraud, tax help, tax resolution services, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, income tax relief, tax help | No Comments »
Thursday, February 25th, 2010
Robert Kahre, the owner of six construction businesses in Las Vegas who paid employees over $100 million in cash wages as part of an elaborate scheme to defraud the IRS, was sentenced to more than 15 years in prison.
“Citizens who pay their fair share of taxes can rest assured that the Department of Justice will continue to utilize all of its resources to prosecute those who choose to cheat and promote fraud,” said John A. DiCicco, Acting Assistant Attorney General of the Justice Department Tax Division, in a statement.
Following an over three-hour sentencing hearing, visiting U.S. District Judge David A. Ezra, of the District of Hawaii, sentenced Robert Kahre to serve 190 months in federal prison, followed by three years of supervised release and ordered him to pay over $16 million in restitution to the IRS. Judge Ezra also ordered that Kahre, who has been free on a personal recognizance bond since he was arrested in 2005, be immediately taken into the custody of the U.S. Marshals Service.
“This kind of conduct is simply not acceptable in the United States,” said U.S. Attorney Daniel Bogden. “Individuals who ignore the federal tax laws by engaging in schemes to defraud in order to enrich themselves at the expense of others will be prosecuted.”
Taxpayers need to be aware of the fact that the IRS is seriously cracking down on tax evaders. There is no longer such a thing as a “fish too small” for the IRS to pay attention to. If you owe the IRS back taxes, you need to get professional tax help now to resolve your IRS debt before your penalties accumulate even more.
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