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Friday, July 30th, 2010
Taxpayers seeking tax relief from back taxes owed to the IRS have several avenues to pursue, but perhaps the most appealing is the Offer in Compromise tax settlement program. The concept is simple: A properly negotiated Offer in Compromise allows a taxpayer to settle tax debts in full for less than the amount owed, without consequences to credit rating.
One of our clients, John P. from Brooklyn, NY owed the IRS $52,000 in back taxes when he retained our services. It took several months of vigorous negotiations with the IRS, but we were able to settle his debt for a mere $3,900.
“What I valued the most was the peace of mind I got from the knowledge that my tax problem was being handled and that the IRS was off my back,” said John P. These impressive savings, as achieved through the Offer in Compromise program, underscore the critical need for professional tax help when considering this tax relief option. An experienced tax attorney or Certified Tax Resolution Specialist understands the ins and outs of the process, how to best position their client for a successful compromise with the IRS, and how to close the deal. Furthermore, the best and most trustworthy experts also know when an Offer in Compromise is not the right solution for a particular client.
We understand that the Offer in Compromise program is a privilege, not a right, and if we feel a tax client is not a viable candidate for the program, we don’t waste their time by filing a frivolous Offer in Compromise with the IRS. This, in particular is a huge point of difference with our competition and because most taxpayers don’t qualify for an Offer in Compromise, we probably have to turn down or suggest other viable tax relief solutions to about 4 out of 5 potential clients who want or think they can win an Offer. However, each time an Offer in Compromise that we have filed with the IRS gets accepted, we celebrate along with our clients who benefit from substantial tax savings and peace of mind.
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 (888) 699-7630.
Tags: Back Taxes, certified tax resolution specialist, Installment Agreement, IRS help, irs problems, Offer in Compromise, tax attorney, tax expert, tax help, tax relief, tax settlement
Posted in Back Taxes, IRS Installment Agreements, IRS help, Offers in Compromise, Tax Resolution Options and Alternatives, tax help | No Comments »
Friday, July 30th, 2010
In plain terms, an IRS audit is to ensure that your tax return is filed correctly — that you’re not claiming too many unwarranted deductions, and that you’re paying what you really owe Uncle Sam. It all starts with a number that the IRS computer assigns to your tax return known as the DIF score.
The IRS is pretty hush-hush about how it’s calculated, but the higher your DIF score, the higher your chances are of getting audited. Consequently, one in every 75 taxpayers is audited. And when it comes to audits, the IRS wins 80 percent of the time. In the eyes of the IRS, you are guilty until proven innocent — which means the IRS can start an audit by disallowing every deduction you’ve made on your return until you prove each one is legitimate.
An incorrect assessment by an IRS auditor can end up costing you thousands of dollars, and taxpayers who seek professional tax attorney and tax resolution services have a better chance of successfully negotiating a tax settlement than those who try to deal with an IRS audit on their own.
Therefore, it’s important for taxpayers to know the options available to them for audit representation that can save them time, money and frustration. And as the nation’s leading tax resolution firm, we know first hand the importance of defending taxpayer rights in IRS audits.
Especially with the record $5.5 billion budget for IRS enforcement and hundreds of new IRS agents hired to crack down on back taxes and delinquent tax returns, I cannot emphasize enough how vital it is to also understand the process for resolving your IRS tax debt so that you have realistic expectations and know which tax resolution strategies you can benefit from.
You can also read more about How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns.
At Tax Resolution Services, we’re highly skilled at audit representation. Our experienced team of tax attorneys, CPAs, and Certified Tax Resolution Specialists provides our clients with a wealth of insights into how to best handle their audits and limit their exposure. We have successfully resolved audits for both individual taxpayers to Fortune 50 companies. We will guide you through the process – and explain step by step what is needed and why. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (888) 699-7630.
Tags: Back Taxes, delinquent tax returns, irs audit representation, IRS audits, IRS DIF score, tax attorneys, tax relief, tax resolution
Posted in Back Taxes, IRS help, IRS tax audit, Tax Relief News | No Comments »
Thursday, July 29th, 2010
How does that old saying go? If you can’t beat them, join them. This message is for all the people who think they can beat the IRS by cheating on their taxes, filing fraudulent tax returns or hiding their income. If I have to spell it out for you, I will. The bottom line is, you can’t beat the IRS. So you might as well join the masses of US citizens that diligently pay their taxes every year. And if you feel that you can’t pay what you owe, then you need to seek out professional tax help. For example, Tax Resolution Services has a team of tax attorneys and Certified Tax Resolution Specialists that are available to help you get tax relief. The IRS has payment plan options, a program that allows you to pay less than what you owe (Offer in Compromise) if you qualify, allows you to file delinquent tax returns, offers tax relief for innocent spouses and much more. Believe it or not, the IRS can be flexible, especially when you’ve got a tax expert guiding you through the hoops. The IRS is not flexible only when you cheat on your taxes! You can pretty much expect prison time and a hefty fine each time!
Robert L. Braddy Jr., 39, of College Park, Ga., was sentenced to two years and six months in prison for income tax evasion. He was also ordered to pay $306,906 in restitution.
Braddy was immediately remanded to the custody of the U.S. Marshals Service at the conclusion of the sentencing hearing.
According to court records, when Braddy filed his 2003, 2004 and 2005 federal income tax returns, he willfully attempted to evade a large part of the income tax he owed the United States by filing a false and fraudulent U.S. Individual Income Tax Return (Form 1040).
For each of the returns he filed, he knew that his total income and the tax due and owing substantially exceeded the amounts he reported.
Braddy under reported his income by more than $1.1 million and underpaid his income taxes by $306,906
“This defendant hid $1 million in income and cheated his fellow citizens who pay their fair share of taxes. Now he is going to prison,” said United States Attorney Sally Quillian Yates in a statement.
Braddy is not eligible for parole.
Tax Resolution Services offers a free tax relief consultation. Call 1-866-IRS-PROBLEMS (1-866-477-7762) today or fill out our online tax consultation form to get you on the road to tax relief today!
Tags: certified tax resolution specialist, delinquent tax returns, expert tax help, filing fraudulent tax return, Free Tax Consultation, hiding income from the IRS, innocent spouse tax relief, irs problems, Offer in Compromise, professional tax help, tax attorney, tax evasion, tax relief, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, Innocent Spouse, Offers in Compromise, Seeking Professional Tax Help | 1 Comment »
Tuesday, July 27th, 2010
Thousands of Americans owe back taxes and interest to the IRS every year. If you are one of the many taxpayers feeling the burden of tax debt, it’s important to take the necessary steps to resolve your IRS problems now – and not later. The worst thing you can do is ignore letters from the IRS in hope that your troubles will go away. They will not, unless you take the appropriate steps!
If you have back taxes to settle, it’s important to know what options are available to you for dealing with the IRS – so you can get the income tax relief you need. If you are unable to pay off back taxes in full, you may qualify for tax relief by negotiating an IRS Payment Plan, more commonly known as an Installment Agreement (IA).
An Installment Agreement allows taxpayers to pay off tax debt with a series of regular monthly payments, usually within a statutory five-year timeframe. Once an Installment Agreement is established, the IRS will cease all collection actions, including garnishment of wages. However, the IRS charges a user fee to set up the plan, and back taxes are still subject to interest and penalties, although the future penalties are cut by 50%!
The IRS may also file a Notice of Federal Tax Lien until the final payment is made. If the amount the taxpayer can afford to pay monthly does not satisfy the debt owed (including interest and penalties), another tax relief option, such as a Partial Pay Installment Agreement or an Offer in Compromise, may be a better choice. For that reason, a taxpayer owing back taxes should seek tax help from a tax attorney or Certified Tax Resolution Specialist.
Tax relief experts can help negotiate the lowest, most affordable schedule of payments and the best method for making the payments, including direct debit, payroll deduction, credit card, and in-person payment by check or money order. A tax attorney or Certified Tax Resolution Specialist will also be able to prepare and file any delinquent tax returns since the IRS will not enter into a payment plan until the taxpayer’s paperwork is fully in compliance.
While an Installment Agreement is a manageable tax relief option, be aware that all payments must be timely. Late payments can terminate the agreement, in which case the IRS may file a Notice of Federal Tax Lien and/or Levy, which will adversely affect a taxpayer’s credit rating.
Additional Information for Tax Relief:
Settling Back Taxes and IRS Problems
Get expert tax help resolving your tax debt for a fraction of what you owe to permanently settle your back taxes and IRS problems.
Tax Relief Glossary
Tax help glossary with common income tax relief terms to help you settle your IRS debt and permanently achieve your tax resolution.
IRS Tax Help Articles
Helpful articles for resolving IRS debt with IRS tax relief options like offer in compromise, IRS payment plans, and IRS audit resolution.
Tax Resolution University Blog
Expert tax relief resource to help you permanently resolve all back taxes and IRS problems.
For more answers to your tax relief questions, check out our Tax Relief FAQs page.
If you have IRS problems, you can consult tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Tax Resolution Services is a dedicated team of tax experts who are here to help you. Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free tax relief consultation.
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Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, Installment Agreement, IRS help, IRS payment plan, IRS tax problems, Offer in Compromise, tax attorney, tax debt, tax relief
Posted in Back Taxes, IRS Installment Agreements, IRS help, Offers in Compromise, Tax Liens and Levies, Tax Problem FAQs, Tax Resolution Options and Alternatives, Unfiled Returns - Delinquent Tax Returns, tax help | No Comments »
Tuesday, July 27th, 2010
With the economy being low, tax scams are abundant these days. When I came across this question from a taxpayer, I thought it was important to address this. Many people are confused about why the IRS Offer in Compromise program was created and my answer below should satisfy you.
Question: I’ve read some of what you’ve said about the Offer in Compromise program. To be honest, I find it hard to believe. There are so many scams out there. I owe a good deal of money in back taxes, and I don’t know how I’ll pay it off. But why would the IRS agree to accept less than I owe?
Answer: Your skepticism is healthy. Indeed, there are a lot of scams out there today — many of them preying on people in tax trouble — and so you are wise to take a skeptical approach at first.
But I — and every other qualified tax professional out there — can assure you that the Offer in Compromise is not a scam. To understand why the IRS might be willing to accept less than you owe as part of a compromise offer, it’s important to understand the IRS’s position and mentality: Prior to use of the Offer in Compromise, the IRS often took a tough-as-nails approach with indebted taxpayers — knocking on doors, chasing taxpayers across the country, trying everything to collect what was owed.
During this period, the IRS began to realize that a gentler approach could actually be more effective. The irony is that the Offer in Compromise in many ways allows the IRS to collect more tax revenue than the more aggressive tactics netted. That’s exactly why the tax-collecting agency might be willing to accept less than you owe as part of a compromise offer.
Now, if you’re interested in filing an Offer in Compromise, the first thing you should do is consult a qualified tax professional. He or she will analyze your previous returns, establish the exact amount of your tax debt, and chart a course of action. Of course, you need to make sure you qualify for the Offer in Compromise program, and this is where you’re qualified tax professional can help. However, if you do not qualify, you may have other good options, such as the Installment Agreement.
I handle Offers in Compromise every day, because I’m an IRS problem solver. If you are interested in exploring the Offer in Compromise program to settle your back taxes, contact Tax Resolution Services at 1-866-IRS-PROBLEMS (1-866-477-7762) for a free, no-risk, tax consultation today.
Tags: Free Tax Consultation, IRS installment agreement, IRS payment plan, IRS question, Offer in Compromise, paying back taxes, paying off IRS debt, Qualified Tax Professional, tax professional, tax resolution services
Posted in Ask the Expert, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | 2 Comments »
Monday, July 26th, 2010
Owing back taxes and interest to the IRS is a surprisingly common problem: thousands of Americans feel the burden of it every year. Therefore it is important to take the steps to resolve your IRS problems now. The worst thing you can do is ignore letters from the IRS, hoping your troubles will go away. They will not do so on their own – you must take the appropriate steps! If you have back taxes to settle, it’s important to know your options for dealing with the IRS so you can get the income tax relief you need.
If you owe back taxes but are not able to pay anything at all as a monthly installment, or you can’t get to the equity in your assets (if you have any) one option to consider for obtaining tax relief is having your account declared “currently not collectible” (CNC) by the IRS. The IRS often refers to this as a “hardship” status and the taxpayer must present incontrovertible evidence that he or she has no ability to pay the back taxes owed at the present time.
This evidence is submitted through IRS Form 433-F, (or Form 433-A if the debt is considered substantial) the Collection Information Statement (CIS), which details income, assets, and expense information. Any taxpayer who contemplates this tax relief option should immediately seek tax help from a tax attorney or Certified Tax Resolution Expert who is best able to advise whether this is the proper option and, if so, can expertly prepare the CIS.
CNC status is considered on an individual basis. In the right circumstances, CNC can indeed provide tax relief breathing room. For example, even if the CIS does show that there are assets or income that potentially could be levied, the IRS may exercise “reasonable forbearance” if the collection of those assets deprives a taxpayer from essential living expenses. Factors such as health and age may also be considered.
While this declaration does temporarily suspend collection action by the IRS, it is important to understand that it does not forgive the debt. The IRS may still file a tax lien on future assets before it declares any account CNC, and interest and late payment penalties may still accrue. CNC tax relief can last the full 10-year term before the Collection Statute Expiration Date, but the IRS can resume collection action any time before the statutory expiration date. And, if a taxpayer can reasonably pay a minimum of $25 per month, the IRS will require the taxpayer to enter into an installment plan before it will place the account in CNC.
If the IRS declares an account CNC, the taxpayer will receive a Status Code 530, and the decision will be documented on Form 53 (Report of Currently Not Collectible Taxes). If the account is still deemed CNC at the statutory expiration, the IRS cannot further pursue tax debt payment. Remember, you don’t have a CNC agreement until the proper codes (530) are input into your tax transcript by the IRS. The average lay person does not have this knowledge and thinks he/she has a CNC agreement and then unknowingly gets levied. This is why you require expert tax representation by a qualified professional. A Certified Tax Resolution Specialist or specialized tax attorney is best positioned to step in, contact the IRS on your behalf, and work through your individual tax relief plan.
Additional Information for Tax Relief:
Settling Back Taxes and IRS Problems
Get expert tax help resolving your tax debt for a fraction of what you owe to permanently settle your back taxes and IRS problems.
Tax Relief Glossary
Tax help glossary with common income tax relief terms to help you settle your IRS debt and permanently achieve your tax resolution.
IRS Tax Help Articles
Helpful articles for resolving IRS debt with IRS tax relief options like offer in compromise, IRS payment plans, and IRS audit resolution.
Tax Resolution University Blog
Expert tax relief resource to help you permanently resolve all back taxes and IRS problems.
For more answers to your tax relief questions, check out our Tax Relief FAQs page.
Tax Resolution Services is the only national tax resolution firm comprised of experienced tax attorneys, CPAs, and Certified Tax Resolution Specialists certified by the American Society of Tax Problem Solvers (ASTPS). This is what makes us uniquely qualified to successfully solve IRS problems day in and day out. Call 866-477-7762 or visit our website at www.taxresolution.com to schedule a FREE consultation today.
Tags: Back Taxes, certified tax resolution specialist, currently not collectible, Installment Agreement, IRS debt, tax attorney, tax help, tax relief
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, Tax Liens and Levies, Tax Problem FAQs, Tax Resolution Options and Alternatives, tax help | No Comments »
Sunday, July 25th, 2010
As the IRS expands audits to 6,000 companies, our tax resolution firm provides expert audit representation while helping businesses resolve potentially detrimental problems that arise from delinquent employment and payroll taxes.
The IRS is stepping up efforts to capture lost tax revenue, recently announcing it would embark on a three-year campaign to audit 6,000 businesses.
Of most concern is any business with unpaid payroll taxes and delinquent employment taxes. Failure to pay these taxes can be detrimental to businesses and is considered theft in the eyes of the IRS—and a federal offense.
The IRS is zeroing on companies that misclassify ‘employees’ as independent contractors by issuing them a 1099 instead of a W-2 to avoid reporting wages. These companies are essentially cheating the government out of the withheld portion of paychecks including social security taxes.
Trouble with delinquent employer taxes can be the downfall of many otherwise successful businesses as the IRS is very aggressive in their collection attempts for past due payroll taxes. The IRS not only has broad power to seize and liquidate, but it can also shut a business’ doors without a court order, seize equipment, intercept customer payments, and levy staggering financial penalties.
Since the IRS has prioritized business tax audits and the collection of unpaid payroll taxes and employment taxes, it has also accelerated the notice process. And if the IRS determines that employee misclassification has occurred, it can order an employer to provide benefits retroactively.
We can expect the number of IRS audits to continue to rise for small-business owners in 2010. About 25 to 30 percent of our tax-relief clients are small businesses with tax problems, so I know how important it is to avoid or quickly resolve IRS audits or other tax problems that could be detrimental to your business.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their 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: business tax audit, delinquent employment taxes, tax attorneys, tax relief, tax resolution, unpaid payroll taxes
Posted in Banking & Finance, Business Services, General Business, IRS tax audit, Tax Relief News, tax help | 1 Comment »
Sunday, July 25th, 2010
I see tax cases every day where a person has evaded taxes, hidden assets, failed to file a tax return and more. What happens to their spouse (or ex-spouse) if they had nothing to do with the bad tax decisions of their partner? These situations occur and the IRS has set up a provision for people in this situation, provided that they qualify. It is known as Innocent Spouse Relief (or Tax Relief for Innocent Spouses) and if you find yourself in a tax problem that you had no idea about, and believe that you may qualify for Innocent Spouse Tax Relief, contact Tax Resolution Services to help you sort this through. Why face prison and hefty fines and a criminal record if your spouse foolishly thought that he could declare only $5 in income and get away with it?
Reginald Caillouet Jr., 61, of Houma, La., was charged in a one-count bill of information with tax evasion.
According to court records, in April 2006, Caillouet attempted to evade paying approximately $43,487 in income tax by filing a false 2004 tax return that stated he did not have any tax due. Caillouet said his income for 2004 was only $5, when in fact, as Caillouet well knew, his taxable income was at least $117,928.
If convicted, the Louisiana man faces up to five years in prison and a fine of up to $100,000 as well as two years of supervised release following any prison term.
Read the Innocent Spouse Tax Relief FAQs on our website. Request a free innocent spouse tax relief consultation by filling out the online form or calling 1-866-IRS-PROBLEMS (1-866-477-7762). Tax Resolution Services can help you qualify for Innocent Spouse Tax Relief and also provides many other tax relief services.
Tags: do i qualify for IRS innocent spouse tax relief?, Innocent Spouse, IRC 6015, tax evasion, tax relief, tax relief for innocent spouse, tax relief services, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, Innocent Spouse | No Comments »
Sunday, July 25th, 2010
In the midst of the recent economic meltdown, a record number of Americans filed for bankruptcy protection last year. While bankruptcy may carry a stigma, it can also provide a fresh start free from creditors as well as IRS tax debt.
Taxpayers who owe back taxes and lack the assets to pay them off can potentially qualify for IRS tax relief. However, it is critical that taxpayers consult a specialized tax expert to determine if bankruptcy is a viable tax relief option for resolving their IRS problems.
The IRS does not like to talk about the use of bankruptcy to remove tax liabilities, but the reality is that many IRS taxes, penalties and interest do qualify for complete 100% discharge in bankruptcy. Obtaining tax relief for bankruptcy filings is a complex process and one not to be entered into lightly since bankruptcy can remain on a credit report for as long as ten years.
Anyone considering bankruptcy for tax relief should seek professional IRS tax help from experienced and qualified tax attorneys, CPAs and Certified Tax Resolution Specialists who can skillfully evaluate whether a taxpayer is eligible for tax help and whether bankruptcy is indeed the right option.
Bankruptcy may not always be the best solution, especially if the tax obligation can be reduced without the burden of a bankruptcy on your credit report. It is worthwhile to consider all tax relief strategies available such as the IRS Offer in Compromise program, which reduces or discharges the sum owed, or an IRS installment agreement of scheduled monthly payments that can also help you achieve the fresh start you need for a new lease on your financial life.
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 866-IRS-PROBLEMS.
Tags: Back Taxes, income tax relief, Installment Agreement, IRS debt, IRS help, IRS payment plan, Offer in Compromise, tax attorney, tax help, tax relief
Posted in Back Taxes, Discharging Taxes in Bankruptcy, IRS Installment Agreements, Offers in Compromise, Tax Resolution Options and Alternatives, income tax relief, tax help | No Comments »
Sunday, July 25th, 2010
If you are one of thousands of Americans who owe back taxes and interest to the IRS, it is important to take the necessary steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not- unless you take the appropriate steps now!
If you have back taxes to settle, it is essential to know your best options for dealing with the IRS so you can get the income tax relief you need.
If you owe back taxes but have limited, or no, ability to pay at the moment, there are several scenarios in which the IRS will work with you to reach a mutually agreeable solution that provides tax relief:
1) If you cannot pay the entire amount up front, you may be eligible for a monthly installment payment plan designed to pay off the full amount within five years.
2) If you can pay a certain amount per month, but that amount will not pay off the back taxes within five years, you can pursue an Offer in Compromise. With an OIC, the IRS agrees to settle your tax debt for less than the amount you actually owe, requiring a lump-sum payment or a short-term installment plan.
3) If you are unable to pay anything toward your back taxes AND can present evidence of your inability to pay, you may ask the IRS to declare your account “currently not collectible.” If so declared, the IRS agrees to suspend collection activities on the back taxes, including levies and garnishments, for about a year.
If you intend to seek IRS tax relief, you are best advised to bring in a Certified Tax Resolution Specialist or tax attorney who can best negotiate your case with the IRS.
Additional Information for Tax Relief:
Settling Back Taxes and IRS Problems
Get expert tax help resolving your tax debt for a fraction of what you owe to permanently settle your back taxes and IRS problems.
Tax Relief Glossary
Tax help glossary with common income tax relief terms to help you settle your IRS debt and permanently achieve your tax resolution.
IRS Tax Help Articles
Helpful articles for resolving IRS debt with IRS tax relief options like offer in compromise, IRS payment plans, and IRS audit resolution.
Tax Resolution University Blog
Expert tax relief resource to help you permanently resolve all back taxes and IRS problems.
For more answers to your tax relief questions, check out our Tax Relief FAQs page.
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 866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, income tax relief, Installment Agreement, IRS debt, IRS payment plan, irs problems, Offer in Compromise, tax attorney, tax help, tax relief
Posted in Back Taxes, Delayed IRS Collection and Currently Not Collectible St, IRS Installment Agreements, Offers in Compromise, Tax Problem FAQs, Tax Resolution Options and Alternatives, income tax relief, tax help | No Comments »
Friday, July 23rd, 2010
Owing the IRS back taxes can be scary, but ignoring back taxes can be scarier. Many people (incorrectly) assume that if you owe the IRS back taxes, you will have to come up with the money all at once. Not true! There are tax relief options available for those of you that want to settle your back taxes. These tax relief options, however, are better left up to a tax expert to help you figure out what you qualify for, and how to approach the IRS. One option is an IRS payment plan, also known as an Installment Agreement, where you can pay the IRS back in reasonable monthly installments over time. Another option is the Offer in Compromise (OIC) program where you can get your back taxes and penalties reduced due to hardship (this is a program that you must qualify for). Every US citizen must pay taxes. When you ignore or evade taxes, and conceal your income to top it off, back taxes become just a small part of your problem. Prison time, fines and a criminal record become the rest of your problem!
Vincent Mavilia, 67, of Warren, Conn., was sentenced to 18 months in prison, to be followed by three years of supervised release, for evading federal income taxes for more than a decade. Mavilia was also ordered to pay a $5,000 fine.
According to court documents and statements made in court, Mavilia has owned and operated a number of bars and adult-entertainment businesses.
However, from 1992 to 2003, Mavilia took steps to conceal from the Internal Revenue Service his ownership of the businesses as well as the income he received by placing them in the name of his adult daughter.
Mavilia further attempted to conceal his income from his businesses by using bank accounts in his daughter’s name to deposit funds and make payments of his personal expenses.
Mavilia also purchased and owned real property in Branford, Brookfield and Danbury, but placed the properties in the names of other individuals in order to keep them far from the reach of the IRS.
In addition to his sentence and fine, Mavilia was ordered to pay $359,291.15 in back taxes, penalties and interest.
Want to settle back taxes? See if you qualify for the Offer in Compromise program? Set up an IRS payment plan? Tax Resolution Services offers tax relief help starting with a free tax help consultation. 1-866-IRS-PROBLEMS (1-866-477-7762). Call today or fill out the online form for your free tax consultation.
Tags: Back Taxes, certified tax resolution specialist, concealing income from the IRS, evading taxes, Free Tax Consultation, IRS installment agreement, IRS payment plan, irs problems, Offer in Compromise, owe IRS back taxes, tax attorney, tax evasion, tax expert, tax relief, tax relief options, tax resolution services
Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, IRS help, Offers in Compromise, Seeking Professional Tax Help | No Comments »
Thursday, July 22nd, 2010
Do you have an IRS tax audit pending? Did you know that over 50% of the referrals that the Criminal Investigation Division (CID) gets are from the IRS agents who interviews you for the tax audit? IRS tax audits are serious! Your answers from the initial audit meeting can determine your fate! Tax Resolution Services highly recommends that you seek expert tax representation before your IRS audit happens. At Tax Resolution Services, we have a team of Certified Tax Resolution Specialists and tax attorneys who have managed tax audits spanning from individual taxpayers to Fortune 50 companies. When you face the auditor, you want a Tax Resolution Specialist on your side. Tax audits may be scary, but they are intended to find those that are really cheating the IRS and others out of money. The man in the article below, for example, was most likely caught by an IRS tax audit – and he sure paid the price!
Thomas Shakespeare, 63, of Avon, Ind., was sentenced to 42 months in prison after pleading guilty to embezzling $583,270 from his employer and multiple counts of tax evasion.
From March 2002 to November 2008, Shakespeare, while working as controller for Advantage Marketing Inc., made fraudulent entries to the business’ payroll systems over this six-and-a-half-year period. These fraudulent entries allowed him to receive higher paychecks on 147 occasions, totaling more than $583,000.
Shakespeare was also convicted of five counts of income tax evasion for the tax years 2003 to 2007. He failed to file income tax returns and failed to pay taxes on the embezzled funds as well as his normal salary.
Shakespeare was also sentenced to serve two years of supervised release following his prison term and ordered him to pay $583,270 in restitution to Advantage Marketing. In addition, Shakespeare will forfeit his home, two cars and more than $40,000 in his retirement account. The amount of forfeited property is estimated to be worth approximately $200,000.
If you need tax representation for an IRS tax audit, contact Tax Resolution Services at 1-866-IRS-PROBLEMS (1-866-477-7762) for a free tax consultation. We can help you with your tax audit and many more tax relief services!
Tags: certified tax resolution specialist, expert tax representation, failing to file income tax returns, failure to pay taxes, Free Tax Consultation, income tax evasion, IRS audit, IRS audits, IRS cheat, IRS Criminal Investigation, irs problems, IRS tax audits, tax attorneys, tax auditor, tax consultation, tax evasion, tax relief services, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, IRS help, IRS tax audit, Seeking Professional Tax Help | No Comments »
Wednesday, July 21st, 2010
If you are one of the thousands of Americans who owe back taxes and interest to the IRS, it’s important to take the steps to resolve your IRS problems. The worst thing you can do is ignore letters from the IRS in hopes your troubles will go away. They will not, unless you take the appropriate steps!
If you have back taxes to settle, it’s important to know your best options for dealing with the IRS so you can get the income tax relief you need.
If you owe back taxes to the IRS, you may receive a CP-504 notice. This IRS notice begins with the message “Urgent! We intend to levy Certain Assets.” This threatening tone is meant to compel immediate action on your part, but you need not be frightened into taking immediate steps that could be contrary to your legal interests. The IRS itself admits that it “cannot levy with just this notice.” To levy assets, the IRS must first issue a Notice of Intent to Levy – it will seek to issue a levy against your state tax refund. It may also search for other assets on which to issue a levy, and may file a Federal Tax Lien.
Keep in mind that the IRS has issued the CP-504 notice because you have not responded to several previous notices for payment of back taxes. The notice may be issued even if you have received “hardship” status, or have already worked out an installment plan, in which case your status needs to be confirmed with the IRS. A separate CP-504 notice may be issued for each tax period in which you owe back taxes. If you do not respond promptly to the CP-504 notice, the formal Notice of Intent to Levy will soon arrive. It’ll be in your best interest to seek tax help before this happens! An expert tax attorney or Certified Tax Resolution Specialist will be able to obtain the necessary relief from the back taxes you owe.
A Certified Tax Resolution Specialist or specialized tax attorney is best positioned to step in, contact the IRS on your behalf, and work toward an installment plan or other agreement that will provide tax relief.
Additional Information for Tax Relief:
Settling Back Taxes and IRS Problems
Get expert tax help resolving your tax debt for a fraction of what you owe to permanently settle your back taxes and IRS problems.
Tax Relief Glossary
Tax help glossary with common income tax relief terms to help you settle your IRS debt and permanently achieve your tax resolution.
IRS Tax Help Articles
Helpful articles for resolving IRS debt with IRS tax relief options like offer in compromise, IRS payment plans, and IRS audit resolution.
Tax Resolution University Blog
Expert tax relief resource to help you permanently resolve all back taxes and IRS problems.
For more answers to your tax relief questions, check out our Tax Relief FAQs page.
Our company 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 866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, income tax relief, irs problems, tax attorney, tax help, tax relief
Posted in Back Taxes, IRS help, Tax Liens and Levies, Tax Problem FAQs, tax help | No Comments »
Wednesday, July 21st, 2010
Consumer Reviews and Negative Comments
At Tax Resolution Services, Co., we take the reputation of our company very seriously and we appreciate your feedback including both positive reviews and your suggestions for helping us in our continuous efforts to improve our services. And as a national tax relief firm that serves thousands of clients annually, we know that a company our size will never be without complaints.
While you may come across anonymous Internet complaints against Tax Resolution Services, Co., on opinion boards and ripoff reports, our proven track record demonstrates our commitment to serving our clients and achieving the best possible outcome for them. Our ethical and honest approach to tax resolution has helped us achieve a 99.7% client satisfaction rate in over 10,000 tax relief cases, while saving clients over 55 million dollars in back taxes and IRS penalties since 1998. We are so confident in the services we provide that we actually post our offer in compromise results on our web site (www.taxresolution.com) under “Tax Relief Success Rate.”
However, with some tax relief firms making headlines for misrepresenting their ability to resolve IRS problems, we know it’s important for us to expressly state that Tax Resolution Services, Co., is not a scam. We don’t make misleading and unrealistic guarantees for the outcome of our clients’ cases. We’re not out to defraud taxpayers of their hard-earned money. We know that IRS problems can cause an immense amount of fear and anxiety, and our mission and passion is to provide tax help to those who feel hopeless against the IRS. Therefore we are invested in more than just getting your business – our main focus is customer service and understanding your precise needs to achieve the best possible outcome for your specific case.
Tax Resolution Services Success Rate
Tax Resolution Services has a 99.7% customer satisfaction rating. That’s based on the inverse of our complaint ratio. While even a few complaints amongst thousands of satisfied customers are more than we’d like, we are proud that that only about 0.3% of our thousands of customers have filed a complaint. We work hard to achieve this level of satisfaction and as a qualified and ethical tax relief firm, we make a commitment to out clients that we will do everything in their best interest to resolve their case and make it a priority to be responsible and responsive throughout the tax resolution process.
But You Don’t Have to Take Our Word For It
Our customers depend on us to provide reliable and expert tax relief services and an exceptional customer experience. We do our best to meet and exceed their high standards. But you don’t have to take our word for it. Check out the Better Business Bureau’s TrustLink message board to see over 80 positive reviews from our satisfied clients! As the nation’s leading tax mediation and negotiation firm, we have been an accredited Better Business Bureau member for 12 years and continue to maintain the highest BBB rating in the tax relief industry.
We are also endorsed by well-respected public figures such as Bill Handel and Glenn Beck. These guys know us and the quality of work we produce, and as national personalities with their own credibility on the line, they would never endorse a company they didn’t feel is stellar. They’ve turned down other tax relief firms in our industry, but have been proudly endorsing Tax Resolution Services for years.
Over the years we’ve also won numerous awards and recognitions. As CEO and founder of Tax Resolution Services, I recently earned CPA Magazine’s national recognition of Top Tax Advisor to Know During Recession and was also named an Executive of the Year Finalist in the 2009 American Business Awards.
We Welcome Your Feedback and Thoughts
We look forward to your feedback – both positive and negative – in our continuous endeavors to better serve our clients. We know there may be times during the tax resolution process that your case may appear to not be moving forward – however, this is never the case. There is much that goes on behind the scenes that involves a tremendous amount of communication between your team and the IRS and/or state agencies. Some cases can be completed quicker than others, depending on the IRS workload and how quickly you respond to providing necessary information when requested to do so. Your dedicated Case Specialist will keep you updated and do their best to respond to all forms of communication with you in a timely manner.
We Are Here For You
We have a Quality Assurance Division in place that most companies don’t. The Quality Assurance team works tirelessly to ensure that all lines of communication are open and that nothing goes unaddressed throughout the tax resolution process. If you have a complaint, know that our goal is 100% client satisfaction. If you are an existing client and you have a legitimate complaint or concern, please do not hesitate to contact your Case Specialist or Supervisor. If this does not resolve the problem, please ask to speak with a representative of our Quality Assurance team. They are in place to ensure we provide the highest level of IRS tax help, service and support to our customers.
Why We Don’t Respond To Anonymous Internet Complaints
We do not publicly respond to anonymous comments for several reasons. While we abide by federal privacy laws, we are also bound by our high standard of confidentiality to our clients. Since we are not able to discuss the specifics of a client’s case without his/her express permission, we would not be able to supply an informed rebuttal or response to Internet complaints that would provide value to either the complainer or other reader. So while you may choose to make the decision to post your complaint to the Internet, know that this will not help you get assistance with your concerns or help you resolve your IRS problems in any way. The best thing to do is contact us directly so we can help you with your situation.
Successfully Reaching a Resolution for Your IRS Problems
I founded Tax Resolution Services to help taxpayers struggling with IRS problems and it’s the most rewarding thing I have ever done in my life! Since founding TRS in 1998, I have helped save clients well in excess of $55 million and settled thousands of cases for an average of $.11 on the dollar. We look at each individual’s circumstances and our tax attorneys and Certified Tax Resolution Specialists fight on their behalf to ensure the best possible outcome to their specific IRS tax problem.
For the past 13 plus years I’ve helped saved people from financial crisis, enabling and empowering them to turn their lives around so they can sleep at night and plan for a home and retirement for themselves and a future for their kids. That’s why people in crisis seek us out. We are an emergency room for people for who have tax problems and need a tax expert in their corner. We know how scary it can be when the government contacts you and they are going to look through your files. We take that fear away by knowing the Internal Revenue Service inside and out. We help people who have collection-related matters, bank levies, tax liens, or garnished wages. Additionally, we provide audit representation as well as negotiate tax settlements on the behalf of taxpayers. Our average client has four to eleven years of unfiled tax returns. It’s daunting, but fixable. There’s a solution to every problem.
We’ve helped thousands of taxpayers just like you by immediately taking their IRS problems off their dining room tables and directly into our office where we take over all communication with the IRS. We will work with you to provide the best solution for your individual circumstances while acting as your advocate during the tax resolution process to protect your rights and ensure that you are not obligating yourself to pay a penny more than what you have to. I encourage you to contact us today to begin the process of solving your IRS/STATE tax problems once and for all.
Sincerely,
Michael Rozbruch
Tags: Back Taxes, Michael Rozbruch, tax attorney, tax help, tax relief, tax resolution services complaints
Posted in Back Taxes, IRS help, Seeking Professional Tax Help | No Comments »
Wednesday, July 21st, 2010
I am assuming that most people who evade taxes do so because they want to keep the money all for themselves. Well, for all of those currently evading taxes, I say enjoy it while it lasts . . . because it won’t last long. Once the IRS catches up with you, and I am not saying “if” the IRS catches up with you (because they will!), you will not only have to pay the back taxes you owe, but you will get hit with penalties and interest and maybe even prison time. The gentleman in the article below now has a record and is ordered to pay back much more than half of the income he received for tax evasion.
David Thomas, 56, Killingworth, Conn., was sentenced to three years of probation for failing to pay taxes on more than $120,000 in income. According to court records, Thomas was retained by the Cedar Island Improvement Association to provide legal assistance. Thomas received $120,977.22 from the association that he then failed to report. Thomas must pay approximately $80,744 in back taxes, penalties and interest.
If you haven’t filed your taxes, and owe back taxes and possibly more, there is no time like the present to straighten out your tax problems! Do it now before the IRS catches up with you! Tax Resolution Services has been settling tax debt and IRS problems for more than a decade. Together our tax attorneys and Certified Tax Resolution Specialists have more than 150 years of combined experience! We also offer a free tax consultation – call us today! 1-866-IRS-PROBLEMS (1-866-477-7762). Find tax relief today, rest easy tomorrow!
Tags: Back Taxes, failing to file tax returns, Free Tax Consultation, irs problems, owe back taxes, pay back taxes, straighten out tax problems, tax problems, tax professional, tax relief, tax resolution services
Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Tax Relief News | No Comments »
