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Tuesday, July 20th, 2010
As the IRS enforcement budget reaches unprecedented levels, more Americans than ever will be audited. And taxpayers threatened by IRS audits will need to know how to increase their chances of qualifying for tax relief.
In fiscal-year 2009, nearly 1.4 million Americans were audited, which equates to just over 1% of all tax returns filed. The IRS also collected $48.9 billion in back taxes and penalties through collection, examination and document-matching efforts.
The audit rate today is 100% higher than in 2000. Just because a taxing authority has decided to audit you, does not mean you have to roll over and die or be pushed around by the IRS. Every taxpayer has the fundamental rights of due process, fairness and representation- even if the auditor does not explain this to you.
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. That is why once taxpayers retain our services at TRS, my specialized team of tax relief professionals and I take over all communication with the IRS.
A client of ours from Colorado Springs, CO, Dan G., comments on his experience working with TRS: “We called Tax Resolution Services after being contacted by the IRS telling us we had two days to respond back to them. Immediately after calling, Erez my case manager, contacted the IRS on our behalf and got an extension of time to respond. At one point an IRS field agent wanted to meet with us in person and Erez refused that request. Thank goodness. We were stressed enough as it was and it really helped to have someone speaking on our behalf. The bottom line is that Erez negotiated a ‘no-change’ letter in connection with our 2007 audit which could have resulted in an additional assessment in the hundreds of dollars.”
Our company 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: Back Taxes, IRS audits, IRS back taxes, Michael Rozbruch, tax attorney, tax relief, tax resolution
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, IRS tax audit, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, tax help | 1 Comment »
Monday, July 19th, 2010
According to the recent article on TheStreet.com “IRS to Expand Audits as Cash Runs Low” by Joe Mont, it appears the IRS is doing anything and everything they can to make up for the “estimated $14 billion that companies underpay in employer taxes a year.” The IRS plans to execute a three-year campaign that will crackdown on 6,000 businesses. No one is safe from IRS audits as Uncle Sam zeros in on randomly selected companies and individuals in order to take back what he’s owed.
Mont discusses the biggest challenge the IRS will face while undergoing thousands of audits: “defining who is, or isn’t, an employee.” They realize that many companies will misclassify employees in order to bypass protections. The agency plans to scrutinize both big and small companies to guarantee they’re catching as many misclassified employees as possible with these “worker misclassification audits”.
In a 1984 IRS assessment of misclassification the agency found that “15% of employers misclassified 3.4 million workers.” They’ve already stated their plans to put IRS bank levies on large financial firms that receive bailouts, now they’re going to zero in on individual taxpayers. The IRS is prepared to do whatever it takes to collect every penny missing from the government bank account.
Taxpayers need to be aware of the dangers of undergoing IRS audits without the help of a professional tax attorney or Certified Tax Resolution Specialist. Going to an IRS audit on your own without proper representation could lead to major IRS problems. I can’t even stress how important it is to have professional tax help that will allow you to negotiate a tax relief settlement and guide you through the process.
If you or someone you know is undergoing auditing, we recommend consulting an experienced tax attorney or Certified Tax Resolutions Specialist immediately. For more valuable information about protecting yourself from the scrutiny of the IRS check out our IRS Audit Articles.
Tax Resolution Services is highly skilled at audit representation. Collectively, we have over 100 years of experience in IRS Tax Audits. One of our experienced tax resolution experts can help you reduce back taxes penalties and interest, and avoid possible criminal prosecution. In most cases, you will not have to meet with an IRS auditor. Visit our website to get a free Tax Relief Consultation or call 866-IRS-Problems.
Tags: IRS audits, IRS business audits, irs problems, IRS tax audits, tax attorney, tax help, tax relief, tax resolution services, Tax Resolution Specialist, unpaid employer taxes, worker misclassifcation audits
Posted in Expert Help From Tax Attorney, IRS help, IRS tax audit, Seeking Professional Tax Help, Tax Relief News, Tax news and tips, tax help | No Comments »
Monday, July 19th, 2010
You don’t have to be a tax attorney to follow the advice in the title! The IRS watches everyone, whether you know it or not, and if you are going to try to sell advice on how to conceal income from the IRS, then you might as well put a bulls eye on your head that reads “IRS Tax Cheat”! At Tax Resolution Services, we want to distinguish that we are a company that offers tax relief services, not tax-avoidance strategies! Certified Tax Resolution Specialists and tax attorneys are the backbone to our business and we have been resolving IRS problems and settling back taxes for more than a decade. If you are looking for tax relief services, call us! 1-866-IRS-PROBLEMS (1-866-477-7762). If you are looking for tax avoidance strategies, call the man in the article below – if you can find the number to his local federal prison!
A Huntington Beach, Calif., man who sold videotapes and books that promoted his strategy to use corporations to conceal personal income has pleaded guilty to using his corporations to hide income from federal tax authorities.
Dana Ray Reynolds pleaded guilty to two counts of subscribing to false tax returns for the years 2002 and 2003 and admitted that he failed to report more than $300,000 in income to the IRS in each of the years.
Reynolds, who promoted his tax-avoidance strategy through companies such as Repackaging America and Incorporating You used these companies to pay personal and family expenses. Reynolds also used the corporations to conceal assets, such as automobiles, recreational vehicles and at least one vacation home. Reynolds did not report the money taken from the corporations as income, causing tax losses of more than $80,000 to the IRS.
“To market his concealment and avoidance strategies, Mr. Reynolds highlighted his own elaborate lifestyle made possible by following the plans he developed. Now, Mr. Reynolds faces federal prison for having subscribed to false tax returns and his own misguided marketing,” said Leslie P. DeMarco, Special Agent in Charge of IRS Criminal Investigation’s Los Angeles Field Office, in a statement. Reynolds faces up to six years in prison.
Let Tax Resolution Services permanently solve your tax problems today!! We offer a free tax consultation, either by filling out the online form or calling 1-866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, conceal income from the IRS, filing false federal tax returns, IRS Criminal Investigation, irs problems, settle back taxes, tax attorney, tax cheat, tax relief services, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Saturday, July 17th, 2010
Are you a victim of investment fraud? Do you want to see those people who schemed you punished? Do you want to know how a US tax code can help you recover some of your losses? If you answered “yes” to any of these, this is your lucky day! Many people who fall victim to investment fraud (“Ponzi” schemes and the like), where you have lost all or most of your investment, may be eligible to recoup 30% to 40% of your losses under Internal Revenue Code 165. At Tax Resolution Services, we call this “Section 165 Representation” and it is a time consuming and complex process that you would not want to attempt on your own. The Tax Resolution Services team - comprised of tax attorneys and Certified Tax Resolution Specialists – will help you recover your investment fraud losses! In the meantime, enjoy the article below about a couple who scammed others and will pay dearly – both in fines and prison time:
A married couple in Portland, Ore., was convicted of nine counts of criminal tax violations spanning 10 years for their sale and promotion of abusive tax shelters.
Micaela Renee Dutson, 48, and Tony Dutson, 53, were convicted of conspiring to defraud the IRS, obstructing the IRS, causing clients to use bogus financial instruments in an attempt to pay their taxes, failing to file tax returns, and aiding and advising a client to file a false tax return. In all, according to the government, the Dutsons helped to defraud the IRS of approximately $7 million.
Micaela Dutson was a lawyer, and the couple used her law office in Tigard, Ore., to promote and sell abusive tax trusts for several years before moving to Arizona in 2003. The couple made more than $1 million dollars from the scheme and paid no income tax. The Dutsons also filed approximately 30 bogus tax returns, attempting to claim fraudulent refunds from the IRS totaling more than $185 million.
Fill out a free tax consultation form online or call 1-866-IRS-PROBLEMS (1-866-477-7762) today to begin recovery of your investment fraud losses!
Tags: certified tax resolution specialist, defrauding the IRS, filing false federal tax returns, Free Tax Consultation, internal revenue code 165, investment fraud, investment fraud representation, investment fraud victim, irs problems, IRS section 165 representation, section 165, tax attorney, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Friday, July 16th, 2010
I got an interesting email recently regarding the new health care law (see below for full email message) . The email FALSELY claims that the new legislation would require workers to pay income tax on the value of employer-provided health insurance. This is simply not the case.
It’s true that the value of employer-paid health insurance will be added to employees’ W-2 forms for information purposes, however, contrary to this widely circulating chain e-mail, it definitely will be considered taxable income.
There’s a great article on Snopes.com that talks about this further. Basically, H.R. 3590 imposes a 40% excise tax on the value of employer-sponsored medical insurance that exceeds a give threshold. This will be paid be the insurance company, not the employee and is initially expected to affect fewer than 10% of the families covered by health insurance
You can also go to factcheck.org and whiethouse.gov to learn more.
There is alot of confusion about the new health care law and the evolving tax code in general. What’s important to keep in mind is that there are still more tax hikes planned for 2010 intended to fund healthcare reform. So you want to get the facts and stay up to date on any legislative changes that could affect you. Also, if you have unfiled tax returns or owe back taxes to the IRS, you must be proactive and act now to resolve your IRS tax problems before you get mired in deeper trouble with these upcoming tax hikes. With the government desperate for revenue, the IRS collection efforts are becoming stricter and more aggressive.
If you need owe the IRS $15K or more in back taxes or have 3 or more years of unfiled tax returns, contact us today for a free, no-risk tax relief consultation at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
Here is the email that has been circulating and FALSELY claiming that the new health care law would require workers to pay tax on the value of employer-provided health insurance:
I contacted my Congressman about House Bill HR3590 the health care bill that just passed. I asked for a summary of changes. The aid directed me to go to www.thomas.gov <http://www.thomas.gov/> , enter HR3590 in the search box and look for CRS Summaries. Then scroll down to:
TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(Sec.9001, (as modified by sec.10901) Sec.9002.
Starting in 2011 (next year folks) your W2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that’s a private company or government body of some sort. If you’re retired….So what, your gross will go up by the amount of insurance you get.
The dollar value (cost of what the company pays for your insurance) will be considered income and added to your gross pay. You will be taxed on the total.
You will be required to pay taxes on a larger sum of money that you have never seen.
Take your tax form you just finished and see what $15,000 or $20,000 of additional gross income does to your tax debt. That’s what you’ll pay next year. For many it also puts you into a higher tax bracket so it’s even worse.
This is how the government is going to buy insurance for 15% of the populace that doesn’t have insurance and it’s only part of the tax increases.
Not believing this, I researched the summaries and here’s what I’m reading:
On page 25 of 29 :
TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(Sec.9001, (as modified by sec.10901) Sec.9002. “requires employers to include in the W2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income.”
Joan Pryde is the senior tax editor for the Kiplinger letters. Go to Kiplingers and read about 13 tax changes that could affect you. Number 3 is what I just told you about.
Why am I sending you this? I hope you forward this to every single person in your address book. People have the right to know the truth because an election is coming in November.
Tags: 2010 tax hikes, Back Taxes, health care law, health care reform, health care taxes, HR 3590, Michael Rozbruch, tax resolution, taxes, unfiled tax returns
Posted in IRS help, Tax Relief News, Tax news and tips, tax help | No Comments »
Friday, July 16th, 2010
Congress has increased the IRS’s enforcement budget to a record $5.5 billion — meaning hundreds of new agents hired for IRS audits and investigations. Fiscal year 2009 saw 1.425 million examinations of individual tax returns – the most seen all decade. The IRS also filed more than 3 million bank levies and nearly 1 million tax liens.
The trend towards tougher enforcement against tax avoidance means that more Americans than ever will need to know their options for income tax relief and IRS tax help to prevent or resolve tax audits. But there is hope! With tax audits on the rise, there are plenty of meaningful things that taxpayers can do to get themselves a leg up on their back taxes and delinquent tax returns so that they can level the playing field and avoid severe IRS penalties as well as financially debilitating levies on their wages and bank accounts.
At TRS, our team of expert tax attorneys, Certified Tax Resolution Specialists and CPAs has a 99.7% client satisfaction rate in thousands of cases where taxpayers qualified for tax settlements and saved thousands of dollars in back taxes, penalties and interest.
One of our clients, Gregory T. from Los Angeles, CA, recently qualified for an Offer in Compromise tax settlement. He states, “Tax Resolution Services did an amazing job for me. I had not paid my taxes for a total of six years, which eventually caught up with me when the IRS started sending threatening letters. I owed just over $90,000 when all was said and done. TRS was able to negotiate a settlement for me, where I only paid 5 cents on the dollar!”
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, IRS audits, IRS tax help, tax attorneys
Posted in Back Taxes, IRS tax audit, Seeking Professional Tax Help, income tax relief, tax help | No Comments »
Wednesday, July 14th, 2010
When it comes to tax audits, the IRS wins 80% of the time. Taxpayers are deemed guilty till proven innocent, which means the IRS can start an audit by disallowing every deduction you made on a return until each one is proven to be legitimate. If a taxing authority has decided to audit you, it’s important that you don’t let yourself be pushed around by the IRS. Additionally, if you don’t file your taxes, the IRS may file them for you.
Once the IRS decides to audit you, they have a choice of three different ways to go about it: 1) correspondence (snail-mail) audit 2) office audit 3) field/home audit.
Some of these methods of auditing can be less direct than others, but it is still wise for you to be proactive about proving your innocence as soon as you are notified of your audit so that you don’t incur any IRS penalties no matter if the IRS is sending you letters or if they’re knocking on your front door.
Every taxpayer has the fundamental rights of due process, fairness and representation – even if the auditor does not explain this to you. Additionally, government auditors may not always perform a comprehensive review of all appropriate documents, and an incorrect assessment by an IRS auditor can end up costing you thousands of dollars or even fraud penalties. With IRS audits on the rise, it’s more important than ever for taxpayers to know their rights or seek professional representation from tax experts who know how to preserve those rights to your advantage in an IRS audit.
You can also visit our web site to learn more about How to get IRS tax relief from back taxes or unfiled tax returns.
Are you under audit? Our team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists can defend you in the audit process and fight for your rights. We’ve helped thousands of taxpayers just like you by taking their IRS problems off their dining room tables and directly into our office where we take over all communication with the IRS. Contact us today for a free, no-risk tax relief consultation at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
Tags: IRS audit, IRS tax audits, Michael Rozbruch, tax attorney, tax audit, tax relief
Posted in IRS tax audit, Seeking Professional Tax Help, tax help | No Comments »
Tuesday, July 13th, 2010
After the deal almost fell apart, the Swiss parliament and Swiss bank UBS agree to provide data to the IRS, finally collapsing the world’s most famous tax shelter.
With an historic deal on the brink of collapse, the Swiss parliament has approved the release of banking data to the Internal Revenue Service.
The deal, brokered in the wake of a Department of Justice investigation of Swiss banking giant UBS, pierces the Swiss banking veil and destroys a tax shelter so famous it has become a common pop-culture reference.
Now, UBS is in position to release the details of 4,450 offshore account holders suspected of evading U.S. income taxes.
For UBS, the decision to release the data came with significant arm-twisting from the U.S. government. In February 2009, UBS agreed to pay the U.S. government $780 million in order to put an end to criminal charges alleging the bank helped U.S. clients evade taxes.
For U.S. taxpayers engaged in tax evasion, the agreement with UBS and the Swiss government should come as startling news.
What was once considered an impenetrable veil — a tax shelter so strong it had survived two World Wars and an international banking crisis — is no more.
The IRS will soon obtain data and information on U.S. taxpayers who have evaded taxes for years, even decades. So if you have delinquent tax returns, this concerns you.
While it’s true that Swiss banks tended to be the tax shelter of choice for the wealthiest of U.S. taxpayers, the UBS deal is just as important to those evading taxes through other means.
In short, the U.S. government’s success in piercing the Swiss banking veil should prove finally that no tax shelter is safe.
Indeed, previous actions from the IRS support that conclusion.
Before the Swiss agreement, the U.S. government brokered a deal with the major credit card companies to provide information on clients who were linking their credit cards to offshore bank accounts, primarily in the Caribbean. At the time, a common tax-avoidance scheme was to funnel money into a Caribbean account, then use it to pay credit card bills full of purchases made in the United States.
The tax evaders who employed this scheme either came forward during the amnesty period or were prosecuted, just as the UBS account holders likely will be.
With a record deficit and a slow economic recovery, the federal government has made tax collection and enforcement a top priority. This year, the U.S. Congress approved a record $5.5 billion enforcement budget for the IRS.
That means the IRS will have even more agents this year to audit taxpayers and investigate tax cheats — part of a three-year trend of putting more revenue officers on the streets.
So let’s summarize:
The IRS stopped the use of credit cards linked to offshore accounts.
The U.S. Department of Justice pierced the Swiss banking veil.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help your IRS tax problems so that you can get the IRS tax relief you need. Give us a call today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: delinquent taxes, failing to file federal tax return, irs problems, tax cheats, tax evasion, tax relief, unfiled tax returns
Posted in IRS Times and Inquirer, IRS help, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, tax help | 2 Comments »
Tuesday, July 13th, 2010
As a Certified Tax Resolution Specialist I consider it my job to provide readers with all sorts of valuable tax information. That is why I feel it is important to expose my readers to great sources of tax help they can reference in addition to my blog. Because I am dedicated to providing tax relief and tax assistance, I am always happy to see that same drive in others – which is what draws me to Eva Rosenberg at www.TaxMama.com.
Eva is the TaxMama of TaxMama–Tax Information With a Mother’s Touch. As a national columnist writing for Dow Jones’ www.MarketWatch.com tax resource and a teacher of tax law and representation she is extremely knowledgeable in the latest IRS news and how to get IRS help – whether you need tips for coping with tax anxiety or tax relief from back taxes and IRS audits. I hope you’ll check out her website for the valuable resources she provides her readers such as her blog, “Tax Quips,” which includes downloadable podcasts for IRS help. The website also features a Q & A forum for immediate tax relief and tips, IRS News, Money Funnies, and the Ask TaxMama Newsletter.
“Tax Quips” is a great way to stay savvy to the latest tax news. Eva covers topics ranging from basic IRS troubles and solutions to more specific issues in the tax world such as Bankruptcy and Marriage (be sure to register in order to read the full articles).
You can also follow Tax Mama on Twitter @TaxMama.
For more tax news and resources, you can check out some of the other tax blogs I follow and visit our IRS Tax Relief FAQs. Also please leave a comment if you ever have any suggestions for tax blogs you would like to recommend for fellow readers.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help your IRS tax problems so that you can get the IRS tax relief you need. Give us a call today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Eva Rosenberg, IRS help, irs problems, tax advice, tax blog, tax expert, tax help, tax quips, tax relief, tax relief tips, tax resolution, www.TaxMama.com
Posted in IRS help, Tax Blogs, Tax Debt Help News, Tax Relief News, Tax news and tips, Useful Tax Resolution Websites, tax help | No Comments »
Friday, July 9th, 2010
There is a lot of tax information out there – and whether you’re seeking expert tax help or just want to do a bit of light tax reading, it can be overwhelming trying to filter through all the content available online. As offering expert tax relief and tax assistance is my drive and passion, it is important for me to keep up with the latest tax news. Keeping an eye out for valuable tax information and reaching more individuals that seek tax help and advice is the primary reason I started this blog. And while I’m thankful for my loyal following of readers, I’d like to take a moment to recommend another tax blog that I find quite useful and entertaining.
I like to keep up with The Missouri “TaxGuy” – the blog by professional tax preparer Bruce aka “taxguy”. Bruce own his own practice L & R Tax Preparation in Missouri and shares his thoughts and interesting tax news and articles on his user-friendly and laid back tax blog. The information on this blog is useful for every taxpayer – news articles, finance information, from which states have a flat income tax or no income tax to how to avoid mistakes in QuickBooks.
Bruce’s tax blog features a lot of great content about federal taxes, tax preparation, and personal finances. I also enjoy the tax quotes and tax cartoons as well as his own personal list of tax blogs and websites for additional resources. And for those interested in Itemizing with Schedule A – there’s a whole separate section you could peruse.
You can contact Bruce, follow him on Twitter @bruce_taxguy or drop him an email. As this blog is for the general taxyaper, Bruce offers the opportunity for authors to contribute stories, news or general tax information to the blog. While this blog is informative, it is not meant to offer a taxpayer in trouble any legal advice. As a professional tax preparer, Bruce has years of experience, however, the aim of his blog is to offer information and possibly the answer to your tax question.
If you find yourself in need of tax relief and professional tax assistance, you require the services of a Certified Tax Resolution Specialist or tax attorney. Check out our online library of tax help articles to answer any of your pressing tax relief questions and consider the questions you need to ask before hiring expert tax assistance.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help your IRS tax problems so that you can get the IRS tax relief you need. Give us a call today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Bruce "taxguy", certified tax resolution specialist, IRS debt, IRS tax problems, tax attorney, tax help blog, tax relief, The Missouri TaxGuy
Posted in IRS help, Tax Blogs, Tax Problem FAQs, Tax news and tips, tax help | No Comments »
Tuesday, July 6th, 2010
I recently read an article on CNNMoney.com written by Beth Braverman titled “5 things to know about getting audited.” I am always looking for helpful resources for my readers, so I wanted to share this IRS tax relief advice with you. Here is a quick summary of the 5 tips discussed in the article.
1. Audits are on the rise
After filing your taxes, there’s always reason to wonder: Will the taxman come knocking? Well, the answer is maybe. The number of IRS tax audits increases every year. According to Braverman’s article “experts expect that trend to continue, what with the ballooning federal deficit and the additional $400 million earmarked for tax enforcement in 2010.” The IRS is constantly looking for ways to crack down on delinquent taxpayers. If you get audited this year it is likely due to your 2008 taxes because audit letters are usually delivered 18 months after the filing date.
2. Delaying can cost you the right to fight
I’ve talked about procrastination again and again. If you find yourself in trouble with Uncle Sam, it is important to take immediate action. You usually have 30 days after receiving your first notice to respond, otherwise you could be facing serious penalties from the collections department.
As mentioned in the article, if you can’t get your act together in 30 days “You have the right to ask for a postponement, and the IRS should grant such a request if you say you need the time to track down records.”
3. It can help you to have a pro on your side
When it comes to dealing with IRS problems, it helps to have a professional tax attorney or certified tax resolution specialist on your side. Let them provide you with necessary tax help in sticky situations such as an audit. Although 75% of tax audits are done via snail mail, the IRS may request more complicated documentation that will require more serious IRS tax help. If you already had a tax attorney prepare your taxes have them involved in the auditing process because “the fee you paid may cover such help, and the agreement you have may put the person on the hook for mistakes.” If the audit escalates to a face-to-face meeting, you will want to have a reliable tax attorney or Certified Tax Resolution Specialist there to represent you and provide you with IRS tax help. Don’t go it alone or you are likely to wind up in more trouble than you were in before.
4. Anything you say can be used against you
Do not take chances, hire a tax expert who can defend your rights. If you choose to go it alone and handle the IRS audit yourself, you will get “creamed” – It’s like going to court without a lawyer and worse yet, the fear that your case may be referred to criminal investigations for criminal prosecution should be reason enough alone to seek IRS tax help. Auditors will often ask many complicated questions in order to get you to say the wrong thing. Don’t let this happen to you. Braverman’s article suggests it’s even “wise to remain tight-lipped at a face-to-face audit” because even small talk could get you in trouble. If you hire a professional tax attorney you don’t have to attend the meeting and potential disasters can in turn be avoided.
5. The auditor’s boss may be able to negotiate
If your unhappy with the results found by the auditor you can always ask politely to speak with their supervisor. In any business the boss has more pull than the little guy. In situations where there may be some gray area, there is room for exceptions.
If that fails, you also have the right to file an appeal. The IRS will consider your case, and if they feel that there is a chance they could lose in court they might cut you a break. Your last option is taking it to the legal system. This may not be a wise decision unless there is more than $10,000 at stake.
How do you know if you have a case worth pursuing? A professional tax attorney or Certified Tax Resolution Specialist can help you there. Don’t wind up owing big bucks in IRS back taxes by letting your tax problems pile up on top of you. Seek professional tax relief before the taxman comes knocking at your door.
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: beth braverman, certified tax resolution specialists, CNN Money, irs problems, IRS tax audits, IRS tax help, Michael Rozbruch, tax attorney, tax relief
Posted in IRS tax audit, Tax news and tips, income tax relief | No Comments »
Sunday, July 4th, 2010
The Internal Revenue Service is the most brutal collection agency on earth. Once they have you in their sights, you can count on them hounding you with IRS tax liens, IRS wage garnishments and IRS bank levies until they are satisfied that your IRS back taxes are paid. If you’ve been threatened by intrusive IRS collection tactics, it’s important that you take prompt action to delay or halt them. Check out these tips for expert IRS tax help for preserving your assets, savings, wages, credit rating and sanity.
Owing back taxes to the IRS can be a terrifying experience that can leave you feeling helpless and hopeless. Can you live on $179 a week? That is the amount you will have to live on if the IRS garnishes your paycheck because you owe back taxes.
Fortunately, a tax attorney or Certified Tax Resolution Specialist can act as both your guide and advocate for IRS tax relief. Getting expert tax help understanding IRS tax liens, IRS wage garnishments and IRS bank levies can help you delay or halt intrusive IRS collection tactics including levies on wages, assets, savings and checking accounts.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #1: Know What’s at Stake
The actual seizure action taken to collect IRS back taxes can be an IRS tax lien, IRS bank levy, or IRS wage garnishments. It can leave you financially crippled for years.
If you have received a collection notice from the government about IRS back taxes, threatening an IRS tax lien, IRS bank levy, or IRS wage garnishment, expert tax help is available if you move fast and hire the right tax attorney or Certified Tax Resolution Specialist. If you are in trouble for owing IRS back taxes, the sooner you get IRS tax relief from a tax attorney or Certified Tax Resolution Specialist the better. You will need their expert IRS tax help to get through this experience with your career, sanity and credit rating intact.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #2: Know What an IRS Bank Levy Is and What It Can Do to You
An IRS bank levy can affect your car, boat, house, wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance or commissions or any bank accounts with your name on them such as your children’s.
If you get a notice of an impending IRS bank levy, with the help of a tax attorney or Certified Tax Resolution Specialist, you still have a tiny bit of wiggle room, but the door for IRS tax help is closing fast. A professional tax attorney or Certified Tax Resolution Specialist can walk you through the process of countering an IRS bank levy with an option to resolve IRS back taxes like a proposed payment plan. This will not protect you from eventually having to pay something, but it will be on your terms and will save you the embarrassment of having to explain what happened to your kids’ college funds.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #3: Know What IRS Wage Garnishment Is and What It Can Do to You
IRS wage garnishments are crippling, and can leave you to live on literally pennies on the dollar. IRS wage garnishments that resolve IRS back taxes are filed with your employer and take typically 30-70% of your paycheck.
There is too much at stake. Once your boss knows about your IRS wage garnishment and thinks that you’ve tried to cheat the government, she might start to wonder whether you’re trying to pull a fast one on her. Your career trajectory will end up in a sink hole, and you may have to figure out how to satisfy an IRS wage garnishment on unemployment.
If you think an IRS wage garnishment is a possibility you need IRS tax help, and it is imperative that you contact a tax attorney or Certified Tax Resolution Specialist immediately. They will put together an IRS back tax payment alternative like an Offer in Compromise.
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #4: Know What an IRS Tax Lien Is and What It Can Do to You
An IRS tax lien is a claim used as security for the tax debt. IRS tax liens are filed with the county clerk, and because they are public records they show up on your credit report.
IRS tax liens can tie up your personal property and real estate. Once an IRS tax lien is filed to resolve IRS back taxes, you cannot sell or transfer the property. Often taxpayers find themselves in a Catch-22 under IRS tax liens where they have property that they would like to borrow against, but because of the IRS tax lien, they cannot get a loan.
You’ll need a tax attorney or Certified Tax Resolution Specialist to get IRS tax relief and walk you through this minefield safely. The IRS will never tell you what all of your options are for IRS tax help and how to exercise them. Your tax attorney or Certified Tax Resolution Specialist has the expertise to resolve IRS back taxes with a solution like having you designated “currently not collectible.”
Resolving IRS Wage Garnishments, IRS Tax Liens and IRS Bank Levies Tip #5: You Can Appeal the IRS!
If you owe back taxes and have been threatened with an IRS wage garnishment, IRS tax lien or IRS bank levy, you can file a Collection Appeal within a certain legal time frame and within the stated rules. It is assigned to an Appeals Officer who is required to make a decision within five days. Your tax attorney or Certified Tax Resolution Specialist knows exactly how to do this.
If you owe IRS back taxes, they will get you with an IRS tax lien, IRS bank levy, or IRS wage garnishment. They hold all the cards and they know all the rules. Do you? Tax attorneys or Certified Tax Resolution Specialists specialize in assisting clients in having their IRS back tax issues resolved once and for all.
If you have received threatening collection notices about IRS back taxes or an IRS tax lien, IRS bank levy, or IRS wage garnishment, do not incriminate yourself by trying to work with the IRS without advice from a tax attorney or Certified Tax Resolution Specialist. A tax attorney or Certified Tax Resolution Specialist will handle your IRS back tax communications and ensure that everything is done to make the IRS tax lien, IRS bank levy, or IRS wage garnishment go away.
For more information on achieving a tax resolution for your IRS problems, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
Tags: Back Taxes, bank levies, certified tax resolution specialist, IRS help, irs problems, IRS Wage Garnishments, tax attorney, tax liens, tax relief, Tax Tips
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Wednesday, June 30th, 2010
Tax Relief Tip: When shopping around for professional IRS tax relief, taxpayers must look beyond the fees quoted for tax resolution and also consider a company’s track record for achieving exceptional results for clients.
With the IRS knocking at the door for payment of back taxes, financially strapped taxpayers in desperate need of tax relief must be careful to avoid an increasing number of scams and schemers who may promise a quick solution but fail to deliver any real tax help.
Since 1998, the dedicated team of tax attorneys and Certified Tax Resolution Specialists at Tax Resolution Services (TRS) has built our reputation and we’ve achieved a 99.7% client satisfaction rate in over 9,000 tax relief cases – we pride in our ethical and transparent approach when serving our clients.
While we are definitely not the ‘cheapest’ firm out there, we are the most credible firm with incredible results. And we think this is pretty important! Unfortunately, there are some less-than-honest tax relief firms out there who have been making headlines for misleading taxpayers with questionably low fees that are later increased during the IRS negotiation process.
At TRS, we quote an upfront fixed fee for tax relief services based on a thorough client interview that allows our expert team of tax attorneys, CPAs and Certified Tax Resolution Specialists to evaluate a client’s potential to qualify for tax relief.
But don’t take our word for it. Here is what one of our clients, Brian S. from Burbank, CA had to say about us:
“After struggling for some time to get a complex situation resolved, I sought help from another provider with a lower rate, even though I knew how professional the TRS staff was. This was a big mistake, and before long I recognized that the other provider was completely missing several major points in my tax situation. At this point, I went to TRS and the situation got immediately back on track. Now I can sleep at night.”
There are many other firms that are rated ‘F’ by the Better Business Bureau who will be happy to take your money. However, the result you will receive, if you receive any result at all, will be far less than what we can achieve. When it comes to achieving your tax resolution, you get what you pay for.
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, irs tax relief, tax attorneys, tax relief, tax resolution
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Tuesday, June 29th, 2010
At Tax Resolution Services, Co., we encourage taxpayers facing IRS action to take prompt action and get expert tax relief to delay or halt intrusive IRS collection tactics, including levies on wages, assets, savings and checking accounts.
In this struggling economy, the IRS has made no secret that it intends to aggressively pursue payment of back taxes. Taxpayers who have recently received a tax collection notice; been threatened by the IRS with a tax lien, levy, or seizure; or had an installment agreement denied or terminated, need not panic. However, they need to respond and get expert IRS tax relief quickly.
While the IRS states that “many of these letters can be dealt with simply and painlessly,” the IRS can also levy a taxpayer’s wages, assets, savings and checking accounts unless the taxpayer takes prompt action.
Having tax problems is a big issue, but there is a solution to every problem. At Tax Resolution Services, Co. (TRS), the only national certified tax resolution firm in the country, our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists are well versed in the legal tools that can delay or halt intrusive IRS collection tactics, and are skilled at working out payment installment agreements, proving hardship or inability to pay, establishing a ‘currently not collectible’ status for an account, or negotiating a reduced-amount Offer in Compromise tax settlement.
If there already is an IRS levy or lien on your accounts or assets, we can file an appeal, temporarily forestalling further IRS action and setting the stage for resolution. The sooner taxpayers make the move to get professional and expert tax relief, the closer they will be to getting back their lives—and peace of mind.
“My Offer in Compromise was accepted, from $136,000 to $1,500. Yes, re-read those numbers,” said Monica M,. one of our tax relief clients from Whittier, CA. “I can now begin my life over and… move forward without this heavy weight on my shoulders.”
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, IRS levy, irs tax relief, tax attorneys, tax help, tax lien, tax relief
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Monday, June 28th, 2010
Businesses and employers must be very cautious when it comes to classifying workers as employees or independent contractors – misclassification can get you in deep IRS trouble. Employers must be aware of these IRS audits and employee classification assessments because if the IRS finds a misclassification that has deprived employees of their tax benefits (such as classifying employees an independent contractors) they can demand the employer provide for these missed benefits.
TheStreet.com reports the IRS estimates U.S. companies underpay employer taxes by over $14 billion a year. Whether companies deliberately mis-classify their workers hoping to avoid providing health insurance and 401K plans for their employees or are just confused and unsure how to correctly classify their employees – it is important to get it right to ensure you are staying clear of IRS audits and tax problems.
Take for example the case of a residential foundation repair corporation. In recent tax news, the corporation did not pick up on errors in IRS employment tax assessments – let’s be honest, not many small corporations would, unless they had a team of tax experts backing them up. The corporation filed its necessary 1099 forms (showing payments to its workers) once the IRS assessed the taxes. However, as the IRS assessment was wrong and the corporation filed the necessary forms after the assessment, and not before, the corporation was disallowed in raising section 530 safe harbor as a defense before a federal district court. This failure to file the correct tax forms on time, in effect constitutes the IRS assessment as correct when made.
The CCH (http://intelliconnect.cch.com) reports:
The IRS’s failure to comply with the section 530(e)(1) notice procedures did not warrant a reversal of the burden of proof. The corporation was informed at the conclusion of the audit that the IRS had determined that the section 530 safe harbor did not apply. The corporation had sufficient opportunity to seek administrative relief with respect to that determination. The district court also properly found that the corporation’s workers were its employees, not independent contractors, for federal employment tax purposes. The corporation retained a significant level of control over its workers’ schedules and ability to perform foundation repair jobs, the workers had no risk of loss, did not invest in facilities and were not in business for themselves.
There is no clear line when it comes to classifying employees and while this makes it more confusing for business owners, it is all the more reason for employers to be well read on the issue. If you are a business owner and are unsure about classifying your employees on your payroll, make sure you read up on employee classification tax help. There are several precautionary steps you can take now, such as early tax planning and making use of electronic payment methods to avoid IRS problems.
Do not become the next example of a corporation failing to file timely and accurate employee classification forms. Find out more about how employers can prevent IRS tax problems.
If you are an employer and are finding yourself in IRS trouble for misclassifying your employees and need business tax relief, you are entitled to getting professional tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Call the Tax Resolution Services office today at 1-866-477-7762 for a free tax resolution consultation or visit www.taxresolution.com
Tags: business tax audit, business tax relief, CCH, employee classification, Free Tax Consultation, IRS audits, IRS help, IRS penalties, irs problems, tax attorney, tax debt, tax expert, tax resolution, Tax Tips
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