Every month Tax Resolution Services chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Ms. Brenda V.
Brenda owed the IRS over $38,000, when she contacted our firm. We were able to settle her debt for just $582.00 through the IRS’s
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As you know, I often turn to many fellow tax bloggers for the latest tax news and IRS regulations. And while Stacie’s More Tax Tips blog features tax help and tips, I am particularly drawn to her candid refreshing take on the triumphs and woes of today’s taxpayer.
From why she thinks American Express sucks to the true story of a magazine door-to-door sales person who encountered nightmarish tax consequences from her self employment status,
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If you are hiding income in an offshore account, it’s not too late to come clean with the IRS.  Although the tax amnesty deadline for voluntary disclosure has expired (in November 2009), you can still get professional tax representation to help you possibly reduce severe tax penalties and work out a structured IRS payment plan.  At Tax Resolution Services, we recommend seeking tax help first before the IRS finds you.  If that
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Recently, President Obama signed into law the most thorough set of changes to the American financial regulation since the 1930s, with the comment that “every American from Main Street to Wall Street has a stake in our financial system”.
The bill, called the Dodd-Frank Wall Street Reform and Consumer Protection Act places new fees and limits on the biggest banks, imposes new restrictions on the $450 trillion derivatives market, and crafts
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Leonid Zaltsberg has lived an extraordinary life. The 76-year-old from Milltown, N.J., played for the Soviet Union’s national soccer team, competed in the World Cup, and now works with Ukraine’s national team.
He’s also now part of another extraordinary group: U.S. tax cheats who’ve been convicted of evasion following the release of account information from Swiss bank UBS.
Zaltsberg pleaded guilty in New Jersey to subscribing to a false tax return, admitting that
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In recent U.S. Tax Court News, Treasury Secretary Tim Geithner, who owed $34,000 in back taxes and didn’t pay all of it until Obama nominated him, was not granted penalty abatement. His defense that he relied on TurboTax to prompt him to pay his self- employment taxes was rejected and does not excuse him from penalty or errors on his tax return.
I know from negotiating cases with the IRS day
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Tax cases can be very complicated.  At Tax Resolution Services, our tax attorneys have helped all kinds of people find tax relief – from the everyday taxpayer to large companies – altogether more than 9,000 tax cases have been handled by our skilled tax team.  If you find yourself in tax trouble, ask for help!  Tax Resolution Services is made up of Certified Tax Resolution Specialists and tax attorneys who can help
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If you are a taxpayer that is overwhelmed by back taxes, delinquent tax returns or interest, you may be constantly worried about the IRS knocking on your door with a collection notice. And that day may be sooner than you expect as the IRS is out to hire hundreds of new agents and using the internet to swiftly find and recruit new employees.
As the most powerful collection agency on the
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Are you hiring an accountant to help you evade taxes?  If so, bad move!  When you sign your tax form, it doesn’t matter who prepared them – you are fully responsible.  Need solid tax advice on how to resolve your back taxes or other IRS problems?  Or tax relief services?  Hire a tax professional – such as a tax attorney, tax accountant or Certified Tax Resolution Specialist – all of which
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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
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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
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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
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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
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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
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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
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