Tax Client Owed $47,000 in Back Taxes, Settles with IRS for $2,400! Saves Over $44,000!

November 13th, 2010

Every month Tax Resolution Services choose 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.
This month’s Tax Client Of The Month is Jose  N.
Jose owed the IRS over $47K in back taxes. After several months of negotiations with the IRS, we were able to settle his tax debt
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Latest in Celebrity Tax Woes: Lamar Odom Takes on Taxman Without Representation

November 11th, 2010

This just in: Los Angeles Lakers’ forward Lamar Odom is suing the IRS for over $87,000 in tax bills from 2007–by himself.
According to Forbes, the 6-foot-10 NBA star is contesting the IRS for disallowing him to deduct $12,000 in sports fines and another $178,000 spent getting himself into shape in 2007. In a letter to the IRS, Odom wrote in the third person that “the taxpayer claimed $12,000 of employee
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Owe IRS Back Taxes? The Offer in Compromise or Installment Agreement are Options for Tax Relief

November 10th, 2010

Is the IRS on the verge of knocking down your door because you owe back taxes?  You should be afraid!  The IRS is more than happy to pursue those that owe back taxes, whether a large or small amount.  Be proactive and settle your back taxes now!  At Tax Resolution Services we can help you find tax relief.  Read on about possible solutions to settle your back tax problems.
Question: If I owe
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Tax Relief FAQ: How Does the IRS Compute Penalties For Delinquent Tax Returns?

November 10th, 2010

Every year, hundreds of thousands (potentially millions) of taxpayers fail to file legally required tax returns. The longer people put off filing their tax returns, the more severe their IRS tax problems become. An important step in avoiding IRS tax trouble is to understand how the IRS approaches delinquent tax return penalties. Read on to learn more.
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Question: I filed my tax return late and was shocked when I saw my
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Top Tax Relief Blog Posts Including the Latest News on IRS Worker Classification, and Celebrity Tax Woes

November 9th, 2010

With only less than 2 months left before the year is over, I’d like to take a moment and re-capture some of our top blog posts from last month. These are the tax help blog posts that received the most visits–so in case you missed it the first time around, here comes the round-up:
What To Do Before the October 15th Tax Extension Deadline if You Need Tax Help for Unfiled
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TRS Gets Bi-Coastal Visibility: Lighting Up Vegas and Taking Over Manhattan!

November 9th, 2010

Check it out: Tax Resolution Services lights up the big screen in Las Vegas and Times Square!
As a dedicated national tax resolution firm, our TRS team is very excited to share footage of some of our latest public exposures.
You can see our TRS logo lit up on the Fashion Show Mall billboard in Las Vegas:
TRS also enjoys high visibility in one of the most popular spots on Earth–Times Square, New
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Tax Relief Tips from Yahoo’s Associated Content: Get Expert Tax Help for Resolving Your IRS Problems

November 9th, 2010

Yahoo’s Associated Content is a great site that enables professionals and experts to share and publish their knowledge with millions of readers. This diverse community offers content from across the web, featuring contributors who offer expert content and information.
So I was honored when I got the news that Associated Content has recognized me as an expert Business and Finance Contributor based on my professional experience coupled with my library of informative and well-written
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IRS Back Taxes Owed by Singer Toni Braxton Amount to $396,330

November 8th, 2010

If you’re a U.S. citizen, you must pay taxes, no matter how rich or poor you are.  Celebrities, singers, actors are no exception.  In the article below, R&B singer Toni Braxton finds herself in hot water with the IRS, owing almost $400,000 in back taxes.  Whether you owe the IRS back taxes in the amount of $400,000, or significantly less, you will feel the weight of the world lifted off your
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Tax Help on WikiHow: Reliable How -To Guides for Educating Taxpayers on Tax Relief Options

November 5th, 2010

Ever wonder How to Avoid Steep Interest and Penalties from Accumulating on Delinquent Tax Returns? Like Wikipedia, wikiHow is a collaborative effort to build and share the world’s largest, highest quality information. WikiHow follows a more narrow format of sharing information by focusing on publishing “how-to” manuals. Thousands of people from all over the world have collaboratively written 87,907 how-to articles and over 25 million people a month read wikiHow,
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Tax Debt Settlement Success Rate Highlights Representative Sample of Audit Results and Other Tax Resolutions

November 5th, 2010

If you find yourself nervous after reading all the tax relief scam stories on the news lately, you’re not alone. After all, how can you know who to trust to solve your IRS tax problems for good?
One of the best indicators of a tax relief firm’s competence is their tax debt settlement success rate. And here’s where the taxpayer needs to be extra careful–many tax relief firms will overstate their
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AOL Daily Finance: How To Protect Yourself From Tax Relief Scams

November 1st, 2010

What’s worse than having IRS tax problems? How about ending up with even more tax problems and less money? As horrific as this scenario sounds, it happens to more average taxpayers every day as tax relief companies are actually scamming distressed taxpayers instead of helping them.
I was recently quoted in an AOL Daily Finance article: “Have Tax Problems? A Tax-Relief Firm May Only Add to Them” by Sheryl Nance-Nash about
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Tax Resolution News: Celebrities Aren’t the Only Targets of IRS Agents

November 1st, 2010

Someone needs to un-break Toni Braxton’s bank account.
The 43-year-old R&B singer, best known for her hit single “Un-Break My Heart,” owes $396,330 in back taxes to the Internal Revenue Service, according to a tax lien the federal government filed against Braxton.
In a bankruptcy petition, Braxton the told the court she is worth $1 million to $10 million but has between $10 million and $50 million in debt.
Ouch.
Braxton’s money and tax
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Tax Relief: How Successful Resolution is Defined for Taxpayers Facing Different IRS Problems

October 31st, 2010

When you are working to resolve your back taxes, your definition of “success” will depend on the specifics of your situation. Some taxpayers find success in lowering their tax bill. However, not everyone is eligible to pay “pennies on the dollar” on their IRS back taxes, and in many cases, preventing or halting debilitating IRS collection tactics is vital to help struggling taxpayers preserve their finances to the greatest degree
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Tax Relief Lets You Laugh! IRS Tax Humor for Halloween!

October 31st, 2010

Trick or Treat!  Make 2011 a “treat” this year by seeking tax relief before the IRS seeks you!  Tax Resolution Services has helped thousands find tax relief - browse our testimonials of tax clients who have found tax relief and will laugh at this comic, not shrink in fear!  Happy Halloween from Tax Resolution Services - (888) 699-7630!

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Employee vs. Independent Contractor – How to Correctly Classify Workers and Avoid IRS Employment Tax Audits

October 29th, 2010

Employers must beware of the federal and state crackdowns on the use of independent contractors to avoid payroll tax problems and employment tax audits. But how do you distinguish between independent contractors and employees? More importantly, how does the IRS determine who owes unpaid employment taxes and who doesn’t? Consider these tips to make correct determinations of worker classifications and avoid the wrath of IRS audits for unpaid employment back taxes and
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