As the IRS continues its increasing aggression in tax collection efforts, business owners that are having trouble making ends meet need to be wary of getting mired in payroll tax problems.
In this economy, many businesses are struggling with cash flow–oftentimes, it’s not that the business owners want to intentionally skip on paying payroll taxes, it’s because they can’t afford to pay them while still keeping their business running.
The important thing
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Perhaps people evade taxes because they feel like they cannot afford to pay their taxes – especially those who are independent contractors and receive wages without tax deductions.  The IRS will work with you, if you are willing to work with them.  One example is the IRS Installment Agreement, also known as an IRS Payment Plan, where you can pay your tax liabilities over time.  If you choose to go
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The end is near for U.S. taxpayers who are using the world’s most famous tax haven to shield assets and avoid paying Uncle Sam his due.  If you have an offshore account where you’ve been evading taxes, you should be worried!  Did you know that the IRS is offering an extension to the voluntary disclosure program to come clean about undeclared income?
By Michael Rozbruch
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In one of the latest — and
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If you’re one of the many taxpayers who filed for an tax extension in April, you must file your 2009 tax returns by October 15th in order to avoid IRS penalties.
In this current economic situation, it’s common for people to be unable to pay both their bills and the IRS. However, the worst thing you can do is to avoid the IRS altogether because you will only have more back
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If you owe the IRS taxes, they can file a federal IRS tax lien against you!  With a tax lien filed against you or your business, your credit is affected.  It shows up on your credit report and will make it difficult, or impossible, to obtain financing for an automobile or a home.  How does an IRS tax lien get filed against you?  A great example is this man in Akron, Ohio,
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As the October 15th extension deadline for filing 2008 tax returns looms closer, many small business owners like you who have been busy with running your business may be growing anxious.
To a busy business owner who has to sort through piles of receipts and invoices just to get organized to file their taxes, October 15th may not seem like a lenient tax extension deadline. It can be overwhelming to sit
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The first-time homebuyer tax credit can be as much as $8,000 for qualified home sales before December 1, 2009. Taxpayers can claim the credit on Form 5405.
One of the biggest misconceptions about the first-time homebuyer credit is that not everyone qualifies. Taxpayers must be qualified buyers and satisfy income requirements. Individuals must have a modified adjusted gross income of less than $75,000 to qualify for the full amount (for couples
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IRS tax problems such as back taxes and IRS penalties may be scary–so scary that many people tend to procrastinate resolving the problem until it becomes too big to ignore. With the October 15th tax extension deadline just a little over two weeks away, it’s time for you to overcome your tax anxieties and take control of your tax problems before they become any bigger.
Unlike other forms of procrastination, the
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IRS Payment Plans, also known as IRS Installment Agreements, are a possibility even if you owe the IRS big money.  This Las Vegas attorney owes almost $4 million dollars to the IRS and he could have negotiated an IRS payment plan instead of evading taxes.  However, if you owe more than $100,000, you will need professional tax representation to negotiate an Installment Agreement for you since the IRS are toughest
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James Press, the Deputy Chief Executive of Chrysler, is now facing government tax liens due to his inability to pay off loans without his bonus paycheck.
Chrysler received $4 billion in government rescue loans in early January of 2009 to avoid collapse–the harsh conditions faced by Chrysler also led to the discontinuation of all managerial bonus payments.
According to Bloomberg News, “Due to the turmoil in the automobile industry and uncertainty surrounding
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There been lots of tax news and buzz about the extension of the tax amnesty period for offshore account holders. But something that has not been in the spotlight quite as much is how you will need expert tax help to take advantage of this so-called leniency from the IRS.
Brian Compton, my associate and the President of Tax Resolution Services, was recently interviewed by Rob Lever from the international publication�
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Recently, the IRS decided to expand on an existing program of mining mortgage payment data to catch tax cheats—anyone who reported less income than they paid in mortgage interest run the risk of getting an IRS audit.
Each year, the home lender sends the home owner a 1098 form, also known as the mortgage-interest statement. The IRS also receives a copy of this form and will cross-check the numbers on this
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In an effort to keep the doors open for foreign bank account holders wary of criminal prosecution, the IRS has extended the deadline for voluntary disclosure from September 23rd to October 15th, giving taxpayers an extra 2.5 weeks to come clean about their undeclared income.
If you have undeclared funds in foreign bank accounts, now is the time to act in order to reduce your chances of criminal prosecution and to
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Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
This month’s Client Of The Month is Mr. Matthew M.
Not many people know about the IRS 10 Year Tax Collection Statute.  I’ve blogged about it and my post will answer many of your questions!  Here is
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Tax Resolution Services team of tax attorneys and IRS specialists offers people seeking tax relief a FREE tax consultation!  Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com to get answers to your IRS questions!�
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Question: Give it to me straight and easy. If I owe money to the IRS that I cannot find a way to pay back, how do I go about qualifying for and negotiating with the IRS in
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