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Friday, May 28th, 2010
With the IRS enforcement budget reaching a record $5.5 billion, more Americans than ever will need to know their options for income tax relief and IRS help to resolve IRS problems and avoid financially debilitating penalties and levies. If you owe back taxes or have several years of unfiled tax returns, here are a few tips to help you get the IRS tax relief you need.
You can run, but you can’t hide from the IRS. In 2008, the IRS collected $56.4 billion, $7.7 billion more than in 2006. And Congress has sent another $12.2 billion to the IRS this year resulting in a record $5.5 billion budget and hundreds of new IRS agents who have been hired to crack down on back taxes and delinquent tax returns. With the record federal deficit, Americans can expect more tax audits and increasingly aggressive collection tactics by the IRS. But the good news is the sooner you take care of your delinquent taxes, the less penalties and interest you’ll owe.
If you have unfiled tax returns or owe IRS back taxes, it’s important to figure out what the best IRS tax relief option is for your particular situation. It is also important to understand the process for resolving your IRS tax debt so you have realistic expectations and know which tax resolution strategies you can benefit from.
Tax relief from back taxes or unfiled tax returns tip #1: Know that there is a solution to every problem.
If you have unfiled tax returns it is always better to file them — whether they’re a couple days or a couple years late — than to not file them at all. Filing any tax returns that are due as soon as possible can help you resolve IRS back taxes and reduce additional interest and penalties. The longer you put off dealing with past due taxes, the more serious your IRS problems will be. Failing to file tax returns makes you vulnerable to potential IRS collection tactics, such as a levy on your wages or bank account, and may be construed as a criminal act by the IRS, punishable by one year in jail and $10,000 for each year not filed. Regardless of what you’ve heard, you have the right to file your original tax return, no matter how late it’s filed. So whether you have 1 year or 10 years of unfiled tax returns, know that there’s a solution to every problem.
Tax relief from back taxes or unfiled tax returns tip #2: Get help to save time and money.
If you owe more than $15,000 in back taxes or have 3 or more years of unfiled tax returns, it’s important to hire an expert tax attorney or Certified Tax Resolution Specialist. An expert tax relief professional can help you save time, money, and frustration by educating you up front on what you need to do to resolve your specific IRS problems – while helping ensure you don’t pay a penny more than you have to.
Tax relief from back taxes or unfiled tax returns tip #3: File your tax returns before the IRS files them for you.
If you don’t file your taxes, the IRS may file them for you. What many people don’t know is that the IRS prepares substitute for returns in the best interest of the government, which often results in the overstatement of what taxpayers owe in back taxes and IRS penalties.
So even if you can’t afford to pay your tax bill, it’s important to file your most recent tax returns, as well as any prior delinquent tax returns, as soon as possible so you can have the chance to state what you truly owe. This will ultimately save you money and help you avoid significant long-term financial repercussions.
Tax relief from back taxes or unfiled tax returns tip #4: Make the IRS an offer they can’t refuse.
If you qualify for an offer in compromise tax settlement, you can save thousands of dollars in back taxes, penalties and interest. Negotiating and winning tax settlements is easier with the help of expert tax resolution specialists.
If you don’t qualify for an offer in compromise, there are other tax relief options including negotiating for your account to be placed in a “currently not collectible” status. An expert IRS tax attorney or Certified Tax Resolution Specialist can help you explore potential tax relief options.
Tax relief from back taxes or unfiled tax returns tip #5: Get on a plan.
If you can’t pay your back taxes in full but could potentially pay them back over time, you can negotiate a reasonable monthly payment plan with the IRS. A tax attorney or Certified Tax Resolution Specialist will agressively negotiate an arrangement for the lowest possible monthly payment and options for making those payments. Once an IRS Payment Plan (also known as an Installment Agreement) is established, the IRS will not enforce collection action, including the levy of bank accounts or wages, as long as you remain current with all filing and payment obligations. However, interest and penalties continue to accrue.
Additionally, a tax lien may be filed as part of the terms of the installment payment agreement, depending on the amount of the total back tax liability. While it is always in the best interest of the IRS to get a signed waiver, it may not be in the taxpayer’s best interest, so seek the advice of your tax attorney or tax resolution expert first.
The IRS is trying to put forth a kinder and gentler image in the face of the current economic meltdown. But the fact remains that in order to get the tax relief you need, you may need help filing those unfiled tax returns and paying the back taxes you owe. Remember that the key word in tax relief is relief, and you now have the power and the knowledge to make that happen.
For more information on how to resolve your back taxes and unfiled tax returns, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
Helpful resources for resolving IRS problems :
When Contacting the IRS for Tax Help, What You Don’t Know About
Resolving Back Taxes and IRS Problems Could Really Hurt You! http://www.taxresolution.com/Contacting-the-IRS-for-Resolving-Back-Taxes.asp
How to Settle Your Tax Debt by Negotiating a Payment Plan with the IRS: What You Need to Know If You Can’t Afford to Pay Your Tax Bill
http://www.taxresolution.com/irs-payment-plans-how-to.asp
How to Get Tax Relief through the IRS Offer in Compromise Program
http://www.taxresolution.com/irs-offer-in-compromise-tax-settlement-help.asp
Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, delinquent taxes, income tax relief, IRS debt, IRS help, irs problems, tax advice, tax attorney, tax evasion, tax expert, tax fraud, tax help, tax problems, tax relief, tax resolution, unfiled tax returns
Posted in Ask the Expert, Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS Overview, IRS Question Corner, IRS Tax Cases, IRS help, IRS tax audit, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | 1 Comment »
Friday, May 28th, 2010
I am delighted Tax Resolution Services, Co., has received the industry’s highest Better Business Bureau rating and our distinctive Quality Assurance Division is recognized, acknowledging our commitment to providing the highest level of service and support to taxpayers!
In the current climate of heightened IRS enforcement and increasing consumer complaints about tax relief scams, Tax Resolution Services, Co., maintains the highest Better Business Bureau (BBB) rating in the industry. As the nation’s leading tax negotiation and mediation firm, we have been an accredited Better Business Bureau member for 11 years and have saved taxpayers an excess of $52 million dollars in back taxes and IRS penalties since 1998.
We have over 80 positive reviews that taxpayers can read on the BBB web site. Our tax relief firm also has a Quality Assurance Division in place that most companies don’t, which further demonstrates our commitment to providing the highest level of IRS tax help, service and support to taxpayers.
Here are some kind words from Brian S., one of our clients from Chandler, Az. “My case specialist was Dmitry who was amazing. He was very knowledgeable and comforting as well. I am so busy so when I need to get in touch with someone I hope to be able to do so right away. Dmitry was always available and very easy to get in touch with. He did a fantastic job of keeping me in the loop.”
With some tax relief firms making headlines for misrepresenting their ability to resolve IRS problems, it is more important than ever for taxpayers to check the reputation of prospective tax relief providers, such as their BBB rating. A qualified and ethical tax relief firm will be responsible and responsive throughout the tax resolution process for those seeking IRS tax relief. We make a commitment to our clients that we will do everything in their best interest to resolve their case. We’re invested in more than just getting their business; our focus is on customer service and we are very invested in the client and the outcome.
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 help, IRS problem solver, irs tax relief, tax attorneys, tax relief, tax relief firm
Posted in Expert Help From Tax Attorney, Seeking Professional Tax Help, tax help | 1 Comment »
Friday, May 28th, 2010
The tax world can be quite overwhelming for many individuals and businesses. You’re not alone and that’s why there is a lot of easily accessible tax information out there – the key is to filter out what is actually useful! Since offering expert tax relief and tax assistance is my drive and passion, it’s important 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 hope you’ll check out TaxGirl.com – Kelly Phillips Erb is a tax expert whose helpful web site embodies her tagline: “Because paying taxes is painful… but reading about them shouldn’t be.”
Erb’s blog is a great place to “talk tax” and find valuable tax resources spanning a vast array of topics. From IRS news to tax pop culture, Kelly offers great content and sources you can access to fill your tax curiosities. I follow Kelly on Twitter @taxgirl.
Kelly started her career as a tax attorney so she knows what she’s talking about! A great feature of her blog is Ask the taxgirl™ where you can direct tax related questions. Other great features of her blog include:
- taxgirl chat
- Legal resources
- Job postings
- Tax resources and tax blogs
TaxGirl.com does not offer any legal advice or tax attorney services – rather it is a place to read up on tax news and tax happenings – from the latest celebrity tax evasion story to federal tax legislation. There are several additional blogs I follow for valuable tax information, so feel free to have a look. Also leave a comment if you have other informative tax blogs to recommend.
If you find yourself in need of tax relief and professional tax assistance, you require the services of a certified 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: certified tax resolution specialist, IRS debt, IRS tax problems, Kelly Phillips Erb, tax attorney, tax help blog, tax relief, TaxGirl.com
Posted in Expert Help From Tax Attorney, Tax Blogs, Tax Problem FAQs, Tax news and tips, tax help | 1 Comment »
Thursday, May 27th, 2010
I recently came across an article by Bloomberg’s Ryan J. Donmoyer, IRS Demand for Tax Shelter Lists Has Companies Fearing Audits, that talks about how IRS Commissioner, Doug Shulman, is requesting that companies provide a detailed road map of their tax returns in order to simplify the work of IRS tax auditors. The Internal Revenue Service has created a form that will require corporations to “list of all tax-saving transactions that might be challenged — along with the maximum they would owe if the IRS won on every issue.” These tax shelter lists have companies fearing audits, or even worse, a bill from the IRS demanding them to pay the potential maximum amount of tax they owe.
It’s not only major corporations that need to be wary of IRS enforcement tactics such as the form (Schedule UTP) mentioned above because everyone will be affected by the major changes the IRS is making to track down lost revenue. As mentioned in a previous post, Tax Help For Business Owners As IRS Cracks Down on Independent Contractor Classifications, professional tax help is becoming more of a necessity even for average tax payers due to federal and state crackdowns.
Although the IRS is promising Schedule UTP will not cause any unnecessary audits, it’s still important to make sure you seek adequate tax relief. Make sure you consult with a tax attorney or Certified Tax Resolution Specialist for tax help before dealing with the IRS. The IRS says Schedule UTP is meant to speed up audits, saving time and money, but it is likely they have an ulterior motive.
This would be in line with the IRS’s aggressive push to seek out new sources of revenue. So taxpayers can expect more audits all around and need to know how to resolve their IRS problems and get expert tax relief before it’s too late. In this heightened enforcement climate, no one is safe as the IRS is going after companies as well as offshore account holders, independent contractors , celebrities and average Joes!
Don’t let your tax issues become a reason for the IRS to zero in on you. Get tax help from our team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists. Call us today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
Tags: certified tax resolution specialist, delinquent taxes, i need tax help, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, tax attorney, tax debt, tax evasion, tax expert, tax resolution services
Posted in Expert Help From Tax Attorney, IRS Tax Cases, IRS help, IRS tax audit, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, Tax Resolution Options and Alternatives, income tax relief | No Comments »
Wednesday, May 26th, 2010
Because unpaid employment taxes/unpaid payroll taxes are considered trust taxes, these are the toughest IRS payment plans to negotiate. Collecting unpaid employment taxes/unpaid payroll taxes is a top priority for IRS. If you want business tax relief, you will need a tax attorney or Certified Tax Resolution Specialist to educate you on the best business tax relief solution for your specific situation.
It’s no secret that the Internal Revenue Service is making a huge effort to collect every last cent of unpaid employment taxes or unpaid payroll taxes the government is owed. In that spirit, the IRS is cracking down on small businesses with unpaid payroll taxes and past due employment taxes, which until recently have largely flown under the radar. Any company with unpaid employment taxes or delinquent payroll taxes has committed a federal crime and can expect devastating results. If you have unpaid employment taxes or unpaid payroll taxes and are in need of business tax relief, here is what you need to do.
Unpaid employment taxes/unpaid payroll taxes tip #1: Understand the gravity of your situation.
The IRS views unpaid payroll taxes and unpaid employment taxes as theft, and they carry severe consequences. Aside from penalties (33% plus interest at 16 days past the day you should have filed the 941 – payroll tax return) and prison time, the IRS can padlock your business’s doors without a court order, seize your equipment and contact your customers to intercept any future payments owed to you.
The IRS doesn’t care whether you stay in business or not – just as long as all unpaid employment taxes or past due payroll taxes owed are accounted for. You need business tax relief and negotiating a properly structured payment plan or IRS installment plan can help you manage your cash flow and cut new penalties in half.
Unpaid employment taxes/unpaid payroll taxes tip #2: Get professional advice NOW.
Even more than a personal audit, an unpaid payroll tax or delinquent employment tax investigation has the power to destroy you and the people who work for you. The IRS has subjective thresholds it uses to determine who was culpable in failing to file and/or pay unpaid employment taxes or unpaid payroll taxes. They can assess the Trust Fund Recovery Penalty (TFRP) and go after anyone and everyone including company owners, officers, shareholders, CPAs, accountants, EAs and bookkeepers.
You might be tempted to represent yourself before the IRS in your bid for business tax relief. Don’t. This is the equivalent of defending yourself against murder charges without a lawyer. You are in over your head and have too much to lose.
To get business tax relief, it is vital to get professional help from a tax attorney or Certified Tax Resolution Specialist to protect you, your company and employees. A qualified professional will be able to negotiate for business tax relief in the form of an IRS payment plan or IRS installment plan for your unpaid payroll taxes or unpaid employment taxes. A good tax attorney or Certified Tax Resolution Specialist will tell you how best to move forward so you can get the business tax relief you need and keep your livelihood.
Unpaid employment taxes/unpaid payroll taxes tip #3: Move fast to protect your business.
The IRS prioritizes collecting unpaid employment taxes or unpaid payroll taxes. They accelerate the unpaid payroll tax or unpaid employment tax notice process, so it behooves you to move fast. Make no mistake, you have committed a federal crime. The money collected from employees to pay their shares of federal withheld tax, FICA and Medicare (Social Security) should have been paid to the federal government within three days after the pay date of the payroll checks.
If you are a candidate for business tax relief, contact a tax attorney or Certified Tax Resolution Specialist today. The penalties assessed on unpaid payroll tax/unpaid employment tax deposits or filings can increase dramatically in a matter of months. If you don’t take immediate business tax relief action to deal with past due payroll taxes or unpaid employment taxes (and their escalating penalties) and get yourself on and IRS payment plan or IRS installment plan, you will find yourself out of business.
Unpaid employment taxes/unpaid payroll taxes tip #4: Be prepared to defend your proposal for yourself as well as your business point by point.
The IRS moves fast, but with the help of a tax attorney or Certified Tax Resolution Specialist you can move faster towards attaining business tax relief. Because the IRS has almost unfettered powers to seize and liquidate, they are seldom in a mood to meet their victims half-way. To get business tax relief you need the expertise and nerves of steel that an experienced tax attorney or Certified Tax Resolution Specialist brings to the table when negotiating an IRS payment plan.
A tax attorney or Certified Tax Resolution Specialist will be able to analyze and articulate the real value of your business, taking every unique factor into consideration. The IRS will likely require you to submit a full set of financials for the business as well as for yourself. Your tax attorney or Certified Tax Resolution Specialist will submit a proposal for a business tax relief IRS payment plan or IRS installment plan and negotiate every federal objection point by point.
Unpaid employment taxes/unpaid payroll taxes tip #5: Don’t settle when seeking expert and experienced tax relief.
Your tax relief professional should understand your needs as a business owner for working capital and cash flow to keep your businesses running. A qualified tax relief professional knows that there’s more at stake for you than cutting a deal with the IRS to save money – resolving you payroll tax issues is about saving the financial future of your company.
In this weak economy, many businesses – both big and small – are struggling to make their payroll tax deposits and many are falling behind. Delinquent employment taxes can be the “kiss of death” for many business owners as IRS payroll tax penalties can add up quickly. Payroll tax debt should not be taken lightly – IRS levies on wages and bank accounts can cause you to lose your business. Fortunately, there’s a solution to every problem.
Helpful articles for resolving payroll tax problems:
Biggest Mistakes Small Businesses Make When Faced with Delinquent Payroll Taxes and IRS Penalties
7 Things Small Business Owners Should Know About Payroll Tax Problems
Is IRS Enforcement of Small Business Delinquent Payroll Tax Problems Treasonous?
For more information on achieving a tax resolution for your employment tax problems, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.
Michael Rozbruch, one of the nation’s leading tax experts, is a Certified Tax Resolution Specialist (CTRS), licensed CPA in the state of Maryland and the founder of Tax Resolution Services (http://www.taxresolution.com/). He teams up with an expert staff of tax attorneys, CPAs, and tax relief professionals to help individuals and small businesses solve their IRS problems with tax liens, unfiled back taxes, offers in compromise, wage levies, tax relief, delinquent returns, tax debt installment plans, bankruptcy and protecting an innocent spouse from unfair tax burdens.
Tags: certified tax resolution specialist, delinquent taxes, IRS payment plan, Payroll Tax Problems, tax attorney, tax problems, tax relief, unpaid employment tax, unpaid payroll taxes
Posted in Expert Help From Tax Attorney, IRS Installment Agreements, Payroll Tax Problems, Tax Problem FAQs, tax help | No Comments »
Wednesday, May 26th, 2010
Payroll tax is a topic that usually invokes a growl from small and large business owners alike – failure to keep up with payroll tax payments, as I’ve stated before, can be the “kiss of death” for many businesses. Having unpaid employment taxes/payroll taxes quickly results in IRS payroll tax penalties and suddenly your business is shut down, boarded up by the IRS and that’s the end of that. However, business owners can breathe a small sigh of relief: a new payroll tax exemption can now be claimed for hiring new employees after February 2010.
The HIRE Act (Hiring Incentives to Restore Employment), signed by President Obama in March is designed to encourage employers to hire new, previously unemployed workers. The special incentive allows employers to qualify for a 6.2% tax exemption on their share of Social Security tax on wages paid to these employees. Businesses could also claim a credit of $1,000 per employee on their tax return, if the employee did not experience a decrease in wages in the second half of the year.
Employees can be claimed if:
1) He or she was not employed for more than 40 hours during the 60 days before beginning employment with that employer.
2) He or she is a new hire filling an existing position as long as they are replacing workers who left voluntarily and are qualified employees.
Businesses, tax-exempt organizations and public universities and colleges can all claim for this payroll tax exemption, however if you are a federal, state or local government employer or household employer, you are not eligible to claim.
To find out more information about the details of this new payroll tax law, and how to claim for new employees, read the full article.
Though this is good news, if you are a business that has fallen behind on payroll tax responsibilities, you need to address your delinquent payroll taxes immediately! The IRS is serious about its unpaid payroll tax penalties and will not hesitate in firing them right at your business!
But you have options in resolving your unpaid employment taxes. First, you need to be aware of your own situation. Once you are aware of your circumstances, you will find the light at the end of payroll tax penalty tunnel!
If you are in the clear and want to take advantage of this new payroll tax exemption, make sure you’re taking the right steps in preventing future payroll tax penalties.
Find out more useful information on payroll taxes at our online library and make sure to visit our payroll tax problems FAQ page or read our tax help articles for more information.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your payroll tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: delinquent taxes, irs payroll taxes, IRS penalties, Payroll Tax Problems, tax help, tax news, tax problems, unpaid employment tax, unpaid payroll taxes
Posted in Payroll Tax Problems, Seeking Professional Tax Help, Tax Debt Help News, Tax Problem FAQs, Tax Relief News, Tax news and tips, tax help | No Comments »
Tuesday, May 25th, 2010
I recently appeared on the Big Biz Show to discuss the new IRS enforcement initiatives for 2010 and the the post-April 15th tax developments Americans should be aware of! Though April 15th has come and gone, the IRS does not cease its operations. In fact, the first wave of collections for taxpayers who did not pay their returns in full is just around the corner!
Keep in mind that the economy hasn’t healed just yet! In fact, it’s so bad, CEOs are now playing miniature golf! However, whether you’re in trouble with the IRS, owe back taxes or just need a bit of tax help, there is a IRS tax relief solution for you.
Check out the interview below for quick tax relief tips and tax help advice you could use to protect yourself from IRS penalties.
June Collection Notices On Their Way – So Get Tax Relief Now!
Russ: Now that April 15th has come and gone, people just think life is good. Life is good, but I have personally taken it upon myself to make sure I’m way ahead of the game this year. I actually had a meeting with my accountant this week, already, and I said let’s get a strategy for the rest of the year, so we know what we’re doing – so there’s no stress going forward. So what’s new with you guys? Michael, are you guys busy as ever? Getting people out of trouble with the IRS?
Michael: Yes, a lot of people ask me, so you’re on vacation now, things are slow, you’ve made it through the hump on the 15th of April. I tell people, we don’t have a traditional business model – we’re busy all year round! And pretty soon, in the first, second week of June, people who’ve filed their 2009 returns by April 15th but did not pay it in full, will start getting collection notices. That’s the first round of collection notices – about 6 weeks after you’ve filed your tax return.
Offer in Compromise As a Secret Weapon Against IRS Problems
Russ: So what’s an Offer in Compromise by the way?
Michael: To put it in a nutshell, it’s really cost vs. benefit analysis. In other words, if the IRS figures they can collect something from you now, then going after you administratively for the remaining life of the statute of expiration on collections (10 years from the date of assessment). So let’s say you’re halfway through that, you got 5 years left to go, the IRS can’t get blood from a rock, you have no assets, your job’s been eliminated, you don’t know if you’re going to get employed again in the same field, but you owe $50K and you have $10K to pay them today, so they’ll take the $10K.
Russ: Now this doesn’t work for people like pro-athletes, that are making a bazillion dollars and have assets?
Michael: No, because you have to disclose your assets and income and prove to them you cannot pay them back.
IRS Repayment Options - Consider Payment Plans If You Can’t Afford to Pay Your Back Taxes Up Front
Russ: We were talking about celebrities, a guy in the news, that owed a big amount of back taxes, but he was able to pay it monthly…like $10K, $15K, $20K a month. That’s true?
Michael: Yes, we put people on structured payment plans every day of the week.
Russ: So even if a guy owes like $300-$400K , is quarterback of the Pittsburg Steelers and you know he has a big contract next year, the IRS doesn’t just go sell his house and let him pay it off?
Michael: They require him to see if he can get loans on the house. They will not force him to sell his house if he can make a monthly payment.
2010 IRS Enforcement – Why It’s Important to Resolve Your IRS Problems Today!
Michael: The budget that was given to the IRS by congress this year was $11.7 billion. Half of that goes to enforcement, so about $5.7 billion. That number is about $800 million more than 2009 and they’re taking that extra $700-800 million and hiring auditors and collectors. And they’re going after 2 initiatives: one is foreign bank accounts, the second one is small business. They’re doing what’s called a worker reclassification analysis- in other words, people who have been paying their workers a 1099, that should be employees.
And a little food for thought… What the Tax Gap is Costing the Government
Russ: Let me ask you this, how much money per year is lost by folks either not filing or paying late?
Michael: About $80 billion.
Russ: Wow, that would solve some issues, wouldn’t it?
Michael Rozbruch, CEO of Tax Resolution Services, Co., is a Certified Tax Resolution Specialist. If you owe $15,000 or more to the IRS or have 3+ years of unfiled tax returns, call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com and receive a free, no-risk tax resolution consultation.
Tags: Back Taxes, big biz show, failing to file federal tax return, i need tax help, IRS debt, IRS enforcement, IRS help, IRS payment plan, Michael Rozbruch, Offer in Compromise, tax help, tax relief
Posted in Back Taxes, Expiration of the Collection Statute, IRS help, Offers in Compromise, Tax Debt Help News, Tax news and tips, tax help | No Comments »
Monday, May 24th, 2010
Under reporting income is a serious crime. It is also known as tax evasion and when the IRS catches up to you, you will pay, and not just a fine! If you’ve under reported income and want to come clean with the IRS, there is no time better than today. Tax Resolution Services has tax attorneys and Certified Tax Resolution Specialists that can help you sort through your taxes and find solutions to your tax problems. We can help you with late tax filing, dealing with IRS tax liens, settle back taxes and more (see all tax relief services). When you contact us, you’ve got to be honest, because Tax Resolution Services cannot help a tax cheat!
John A. Gullett, of Parkland, Fla., was sentenced to 51 months in prison, to be followed by three years of supervised release, after being convicted on four counts of filing a false tax return. Gullett was also ordered to pay restitution of $255,000 to the IRS.
According to court records, Gullett submitted false Form 1040 Individual Income Tax Returns, statements and documents for tax years 2002 to 2005. He under reported his gross receipts from 2002 to 2005 and filed the tax returns with the IRS knowing that the returns contained materially false information.
Gullet contracted with the Broward County Police Benevolent Association (BCPBA) and the Dade County Police Benevolent Association (DCPBA) to solicit local businesses to buy advertisements in a book that Gullett published listing local businesses. The book was distributed to PBA members.
In exchange, Gullett paid BCPBA and DCPBA between $3,000 and $5,000 per month and kept any funds he raised in excess of these amounts. Gullett failed to report about $3 million of income from 2002 to 2005. Gullett used these monies to purchase a personal residence in Parkland, Fla., and various luxury automobiles, including two Ferraris and a Lamborghini.
Tax Resolution Services offers a free tax consultation by filling out the online form or calling 1-866-IRS-PROBLEMS (1-866-477-7762). Let one of our tax professionals help you find tax relief today!
Tags: certified tax resolution specialist, evading the IRS, failure to file tax returns, filing false tax return, Free Tax Consultation, IRS lien, irs problems, late tax filing, professional tax help, settle back taxes, tax attorneys, tax cheat, tax evasion, tax problems, tax relief, tax relief services, tax resolution services, underreporting income
Posted in Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS Tax Cases, IRS Times and Inquirer, Tax Liens and Levies, Unfiled Returns - Delinquent Tax Returns, tax help | 2 Comments »
Friday, May 21st, 2010
This weekend our team of IRS tax relief pros will be attending the Advanced Tax Problem Resolutions Seminar in San Deigo, hosted by The American Society of Tax Problem Solvers. It’s an intensive 3-day bootcamp and our team of licensed professionals, including CPAs, tax attorneys and Certified Tax Resolution Specialists always look forward to learning, sharing and networking with other seasoned practitioners in the tax resolution industry!
ASTPS is the national, non-profit organization of professionals who represent taxpayers before the IRS. At TRS we are serious about education. Even though we have been in the tax resolution industry for over 10 years, it is very important to us to keep up to date with the latest news and issues making up our world of tax resolution and IRS tax help.
We are dedicated in furthering our tax knowledge, skills and education to continue to serve our clients better especially in these challenging time of heightened IRS enforcement. Last year, I had the honor of leading 2 workshops for tax relief specialists at the ASTPS conference, discussing the tools and practices for providing quality service and tax resolution representation. These Super Advanced Seminars, geared toward experienced professionals allowed me to share my experiences and knowledge regarding the complex issues facing tax practitioners. One of the workshops led was about social media and how we as a firm have used these new platforms to educate taxpayers and reach more of the general public who seek tax help.
This year’s three day bootcamp features invaluable workshops concerning tax representation and negotiation, the latest software and technical advice and will include all-star presenters such as Robert McKenzie (Esq., EA, CTRS), Jaime Buchwald (CPA) and LG Brooks (EA, CTRS) among many others. We are very excited to attend these informative workshops, packed with great tax resolution tips and techniques – so we can better serve our clients in these brutal IRS collection times.
TRS is the only national tax resolution firm certified by ASTPS – which means our tax attorneys, tax relief professionals and CPAs meet the experience and educational requirements they prescribe while remaining in good standing within the state we are licensed. If you are in trouble with the IRS, contact us today to receive a FREE tax relief consultation: visit www.TaxResolution.com or call 866-IRS-PROBLEMS.
Tags: American Society of Tax Problem Solvers, ASTPS, certified tax resolution specialist, IRS help, tax attorney, tax attorneys, tax help, tax problem solvers, tax resolution, tax resolution services
Posted in Expert Help From Tax Attorney, Seeking Professional Tax Help, Tax Resolution Options and Alternatives, Useful Tax Resolution Websites, tax help | No Comments »
Friday, May 21st, 2010
Tax Resolution Services, Co., (TRS) recently helped Eddie S. from Los Angeles, CA, who owed over $150,000 in back taxes, interest, and penalties permanently settle his IRS debt. With our help, Eddie had over $75,031 in penalties forgiven and received a refund from the IRS for more than $84,000 on interest paid!
There are 148 different types of penalties that the IRS can hit you (as a taxpayer) with. Fortunately, you can reduce or eliminate your outstanding tax debt by requesting an IRS penalty abatement. If you qualify and have a good reason for requesting the abatement, you can work with the IRS to have your penalties completely or partially forgiven.
The best thing you can do when requesting that the IRS abate your penalties is to provide the circumstances surrounding your situation. At Tax Resolution Services, Co., we provide affordable solutions to people seeking IRS tax relief. And while it’s possible to reduce your IRS penalties to zero with reasonable cause, having a tax attorney or Certified Tax Resolution Specialist can greatly increase your chances of discharging penalties and help ensure you don’t pay the IRS a penny more than you have to.
An experienced tax relief firm can act as a bridge between taxpayers and the IRS, submitting proof that supports their case and composing legal documentation citing recent or past court cases where verdicts were in favor of clients with the same or similar circumstances.
As the nation’s leading tax relief firm, we help taxpayers resolve IRS back taxes by reducing penalties owed and securing refunds from the IRS whenever possible. But you don’t have to take our word for it – here are some kinds words I wanted to share with you from Eddie, who retained our services about a year ago:
“We were refunded $84,000 from the IRS in a penalty abatement case. That made us very happy. The benefit we received was knowing that if we get cheated by the IRS, there is a firm such as yours that will fight for us tooth and nail.”
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 us at 866-IRS-PROBLEMS.
Tags: Back Taxes, certified tax resolution specialist, Free Tax Consultation, i need tax help, income tax relief, IRS debt, IRS help, irs problems, Offer in Compromise, Penalty Abatement, tax attorney, tax expert, tax help, tax relief, tax resolution services, tax settlement
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Offers in Compromise, Penalty Abatement, Seeking Professional Tax Help, Tax Client of the Month, Tax Debt Help News, Tax Relief News, Tax Resolution Options and Alternatives, income tax relief, tax help | No Comments »
Friday, May 21st, 2010
No need to wait until the IRS comes knocking at your door and you find a tax lien filed against you to settle your back taxes. You have a right to file your original tax return, no matter how late it is (also known as delinquent tax filing). And if you owe more than $10,000 in taxes, like this real estate agent from Arizona did, I highly recommend having our tax professional team behind you. Tax Resolution Services’ tax attorneys and Certified Tax Resolution Specialists can help you navigate the difficult waters of late tax filing to resolve back taxes, especially if you are interested in securing a tax payment plan to help you pay your tax debt. Paying your back taxes, even in an IRS payment plan, insures your freedom, the same freedom that this Arizona business woman is surely going to miss for evading taxes!
A federal grand jury in Phoenix has indicted an Arizona real estate agent and broker for income tax evasion and willful failure to file tax returns, alleging she failed to report interest in a $1.3 million sale.
The indictment alleges Sue J. Taylor, also known as Janice Sue Taylor, 66, used her purported real estate brokerage, National Landbank, and purported real estate trusts to hide earnings from commissions and ownership interest in real property from the IRS. The indictment makes specific reference to a purchase and subsequent sale of land in which Taylor earned a $72,000 commission and had an interest in $1.3 million in proceeds from the sale, none of which was reported to the IRS.
“We take tax evasion seriously and will work with the IRS and other relevant agencies to investigate and prosecute tax evaders,” said Arizona U.S. Attorney Dennis K. Burke in a statement.
Each conviction for income tax evasion carries a maximum penalty of up to five years in prison and a fine of up to $250,000.
If you are interested in settling back taxes, or learning about our tax relief services, contact Tax Resolution Services at 1-866-IRS-PROBLEMS today for a free tax consultation.
Tags: Back Taxes, certified tax resolution specialist, evading the IRS, failure to file federal tax returns, Free Tax Consultation, help paying back taxes, hiding assets, income tax evasion, irs problems, IRS tax lien, late tax filing, resolve back taxes, settle back taxes, tax attorneys, tax debt, tax payment plan, tax professionals, tax relief services, tax resolution services
Posted in Back Taxes, IRS Tax Cases, IRS Times and Inquirer, Unfiled Returns - Delinquent Tax Returns, Working with the IRS | No Comments »
Tuesday, May 18th, 2010
As the U.S. is still in the process of recovery from the economic downturn, taxpayers are more vulnerable to IRS problems and tax debt. To add to these troubles, an extensive list of so-called tax resolution companies are springing up, many of them misrepresenting their ability to offer tax help by overstating their staff’s professional skills, their ability to reduce IRS debt and offering 100% tax relief guarantees.
This month, another well-known tax relief firm is charged with unlawful conduct and misrepresentation. Houston-based TaxMasters, known for its national advertising campaigns is being investigated by the Texas Attorney General on counts of over 1,000 customer complaints and numerous violations of the Texas Deceptive Trade Practices Act. Accusations include failing to disclose details of service agreements, failure to contact and negotiate with the IRS on the client’s behalf and failing to stop bank account garnishments. TaxMasters is also accused of placing its customers on misleading installment payment plans, where the customer was made to believe they were receiving IRS tax help; however, their case was only looked at once paid in full. Clients incurred interest and additional fees for failing to meet certain deadlines, which would have been avoided if their case was handled when promised. Read the news article about TaxMasters: “Tax Resolution” company at center of state investigation.
Don’t make yourself a victim in these difficult and confusing economic times. There are many more options for tax-burdened taxpayers than ever before, but the key is in choosing a tax relief company that is ethical in its approach. This includes clearly stating the service you will be receiving as well as guidance throughout the process. It is essential to choose a tax relief professional that will be there throughout the tax relief process and be responsible and responsive to your needs, otherwise you could find yourself with extra fees for services not rendered in addition to your original tax debt, additional interest and penalties. Before choosing to seek out professional tax help, do your research. Here are some questions to ask before hiring a tax attorney or Certified Tax Resolution Specialist.
Savvy taxpayers in need of tax relief should know:
When to Get Out: If you are dealing with a tax resolution firm that is more concerned about when and how quickly you can pay them instead of how to best provide you with tax help, you need to walk out now.
At TRS, we conduct a thorough in-depth interview to see if the clients qualify for an IRS tax settlement. We offer transparency and offer realistic expectations for our clients in solving their individual tax problems. This ethical and honest approach to tax resolution has helped our team achieve a 99.7% client satisfaction rate in over 9,000 tax relief cases and an IRS tax settlement rate of $0.11 on the dollar. We have a success rate that’s second to none – having saved 52 million dollars in back taxes and IRS penalties since 1998.
Additional Fees? A popular tactic used by many firms in grabbing clients is neglecting to mention additional fees that may occur during the tax resolution process. For example, the Offer in Compromise can take up to 6-7 months and lead to the appellate court, which results in representation fees. At TRS we are upfront about our fees. At the client’s initial Free Confidential Consultation, we let them know exactly how much they will have to pay in total to achieve their tax resolution. We quote a fixed fee for our tax resolution services and will not allow a client to retain our services unless the taxpayer is a legitimate candidate for tax relief.
If you are in trouble with the IRS, call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tags: Back Taxes, certified tax resolution specialist, Free Tax Consultation, IRS help, irs problems, Offer in Compromise, tax attorney, tax attorneys, tax help, tax relief, tax resolution, tax resolution services, Tax Tips
Posted in IRS help, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax Scams, Tax news and tips, tax help | 1 Comment »
Tuesday, May 18th, 2010
The IRS Offer in Compromise is a program established by the U.S. Congress to help those who have serious financial problems get a fresh start. It is a privilege, not a right, for taxpayers and you may be granted an Offer in Compromise only if you qualify. The man in the article below is a great example of abusing the privilege of the IRS Offer in Compromise program and also a great example of what may happen to you if you try to con the IRS too!
A federal grand jury found Albert Holland, 70, of Sharon, Conn., guilty of tax evasion and filing false tax returns.
According to trial evidence, in 1998, the IRS notified Holland that he owed more than $1.4 million in unpaid taxes, penalties and interest dating back to 1979. In 1998, Holland made an Offer in Compromise with the IRS that claimed that he was only able to pay $120,000 of the debt.
However, at the time Holland made the offer, he was involved in a lawsuit in which his partnership had demanded millions of dollars for services. In 1999, while Holland was challenging the IRS’s rejection of his Offer in Compromise, he and his partner settled the lawsuit for about $4.65 million.
Rather than pay the IRS, Holland moved the judgment proceeds to an entity he formed in the name of his four children. That entity purchased a house in Kent, Conn., in which Holland and his wife lived.
Over the next five years, Holland rebuffed IRS attempts to collect the money owed, continuing to claim he did not have assets with which to pay his debt to the IRS.
He faces up to 11 years in prison and a fine of up to $100,000. He also will be required to pay back taxes, penalties and interest to the IRS.
If you are interested in the Offer in Compromise program, Tax Resolution Services team of tax attorneys and Certified Tax Resolution Specialists are the team that you want in your corner. Why? The national average of Offer in Compromise deals accepted in 2007 was only 26%. Tax Resolution Services clients whose Offer in Compromise deals were accepted were five times the national average (approximately 90%)! This is because Tax Resolution Services assesses each client individually and we do not submit frivolous Offers in Compromise applications. We don’t get your hopes up unless we are pretty certain that the Offer in Compromise will be granted! If we don’t think you qualify for the Offer in Compromise program, we always explore other tax resolution options for you to find tax relief. For a free tax consultation, call 1-866-IRS-PROBLEMS (1-866-477-7762) or fill out the form online today!
Tags: Back Taxes, certified tax resolution specialist, do i qualify for offer in compromise, filing false tax returns, Free Tax Consultation, Offer in Compromise, offer in compromise success rate, tax attorneys, tax evasion, tax relief, tax resolution options, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Working with the IRS | No Comments »
Monday, May 17th, 2010
I’ve blogged before about how IRS Commissioner Douglas Shulman has pledged greater flexibility for taxpayers who have fallen on hard times and owe IRS back taxes. However, it’s still important to remember that “Revenue” is still the IRS’s middle name.
Due to the economic challenges of the current recession, more tax settlements than ever are expected to be submitted to the IRS this year. While taxpayers with back taxes and IRS debt may go to the IRS web site or call the 1-800 helpline for tax help, it’s important for them to understand that what they don’t know about tax resolution could really hurt them.
Although, the IRS has pledged to offer help to struggling taxpayers, it’s important to remember that ‘Revenue’ is still the IRS’s middle name.
The IRS enforcement budget is at a record $5.5 billion, with most of that money going towards heightened collection efforts to combat the rising deficit and growing tax gap. Plus the federal tax code is notoriously complicated, which is why knowledge can greatly increase a taxpayer’s chances of settling tax debt for less than what they owe.
A well-qualified tax resolution firm or IRS tax attorney will work to ensure that the taxpayer’s best interests are prioritized above all else so they can finally retire their back taxes and IRS problems for good.
Whether it’s bringing taxpayers into IRS compliance or helping them understand their tax issues so they can work directly with the IRS – a reputable tax resolution firm will guide taxpayers to tax relief options that best fit their individual circumstances. Expert and credible tax relief firms hold the IRS accountable to following their own rules and regulations during the tax resolution process, while simultaneously helping Americans understand their taxpayer rights and ensuring they are not obligating themselves to pay a penny more than what they have to.
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: Back Taxes, certified tax resolution specialist, Free Tax Consultation, IRS debt, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, tax attorney, tax expert, tax help, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Ask the Expert, Back Taxes, Expert Help From Tax Attorney, IRS help, Seeking Professional Tax Help, Tax Problem FAQs, Tax Relief News, Tax Resolution Options and Alternatives, Tax news and tips, tax help | No Comments »
Sunday, May 16th, 2010
You know that you need help to solve your tax problems. But do you know the “tax professional” that is helping you? Sometimes when we are desperate for help, whether it be for taxes or anything else, we reach out to the person who promises the most! And sometimes that person may not be the best solution for you. A word from Tax Resolution Services, know your tax professional! Tax settlement and IRS debt relief scams are on the rise – taking advantage of innocent taxpayers who just want to solve their tax problems. Read the tips that Tax Resolution Services team of tax attorneys and Certified Tax Resolution Specialists offer to avoid tax resolution scams. In the meantime, enjoy this tax comic, and know that at Tax Resolution Services we offer a free tax consultation, tax relief client testimonials, and a tax relief success rate of 90%!
Tags: certified tax resolution specialist, Free Tax Consultation, picking a tax professional, tax attorney, tax client testimonials, tax comic, Tax Humor, tax joke, tax relief scams, tax resolution services, tax settelment scams, tax testimonials
Posted in IRS Humor, IRS Times and Inquirer, Seeking Professional Tax Help, Tax Humor | No Comments »
