In a recent post from the ongoing story of the IRS versus Swiss banks, Wegelin & Company and three of its executives were indicted for helping wealthy Americans hide $1.2 Billion in assets from the IRS. Since I wrote that last post, the story has morphed into Wegelin & Co. now facing U.S. criminal charges for their failure to appear in a Manhattan Court to address those charges. As Bloomberg
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An Arkansas man pleaded guilty in Miami to filing a false claim for a tax refund.
Philip Butcher, formerly a resident of Rogers, Ark., admitted that he filed a false 2008 individual income tax return which sought a fraudulent refund of $672,781.
According to court documents, PMDD Services LLC, an Idaho-based tax preparation firm, prepared and filed the return. In exchange, Butcher agreed to pay 10 percent of any fraudulent tax refund
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The nation’s five largest banks negotiated last week with 49 states to pay a total of $26 billion to settle their negligent and abusive foreclosure practices and to change the way they handle foreclosures in the future. A Fox News Cleveland article entitled What the Foreclosure Settlement Means for You addressed this news and how it impacts homeowners.  According to the article, “It’s not clear whether you would have to
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Intaxicaton: Euphoria at getting a tax refund, which lasts until you realize it was your money to start with.
CREDIT: The Washington Post’s Mensa Invitational http://washingtonpostsmensainvitational.com/

The U.S. Treasury Department announced this week a proposal for new regulations intended to make it easier for overseas banks to comply with Foreign Account Tax Compliance Act, or FATCA requirements.
An article in Reuters U.S. enlists 5 EU nations in offshore tax crackdown explains these proposals as the U.S. Government not only addressing concerns of foreign financial institutions regarding the Foreign Account Tax Compliance Act, or FATCA, but also the
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I have been taping a television show that airs on Business Television Network where I take my tax tips to TV viewers. The show is called TAX MAN, focused on Q/A and educating viewers about IRS and tax news with a variety of interesting segments. The program may eventually expand to more mainstream networks such as CNBC and Spike.
Keep following this blog, my YouTube channel www.youtube.com/taxresolution or me on Twitter
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Thank you Grace Ruskin for this guest post!
Though 2011 is over, it is the time when you are required to get over tax issues. You will be required to file the taxes this year. You may think that filing the taxes is a tough job. Yes, it must be because taxes are a complex thing to be addressed. But, with the different online help that you can get, things may
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Question:
I have several years of unfiled tax returns and owe around $25 thousand dollars in back taxes to the IRS for my small business. I know I need to take care of this huge burden but I’m overwhelmed, what help is out there get me out of this mess?
Answer:
First, addressing your IRS tax issues right now is the first step towards finding the tax relief you need. There is a
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It is always a pleasure to be able to speak to others about the work I do as a tax resolution expert.
I recently had the unique opportunity to be interviewed by Opportunist Magazine’s Managing Editor, Leslie Stone for her article Talking With the Tax Expert-Michael Rozbruch.  She asked about the business of tax resolution, a subject of which I am WELL informed. The questions ranged from how my early business
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The Internal Revenue Service recently proposed new guidelines aimed at providing tax relief for more innocent spouses who request equitable relief from their income tax liability. A Forbes article entitled IRS Lowers The Bar For Innocent Spouse Relief, details how the new proposals address the criteria used in making innocent spouse relief determinations in equitable relief cases and adjust the factors used in granting equitable relief.
Since 2003, the Internal Revenue
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An article from TMZ titled Lil’ Kim Breaks the Million Dollar Tax Lien Mark reported on rapper Lil Kim and her current $1,026,862.42 IRS tax lien. Lil’ Kim appears to be no stranger to tax troubles as hers are well documented and stretch out over a ten year period. A spokesperson for Lil’ Kim said that she “hired professional attorneys to handle this matter” and that “she, along with her
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Two articles recently published in the Wall Street Journal demonstrate that current Swiss offshore collection tactics are working to bring Swiss banks and American account holders into U.S. tax compliance. The latest bank to feel the heat of enforcement efforts is the Julius Baer Group, the largest private bank in Switzerland.  Julius Baer, hoping to avoid U.S. indictment, is already preparing to incur stiff fines from U.S. authorities for hiding
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An article in Boston.com called Too Late to Lower Your 2011 Taxes? Not At All listed a few of the deductions a business owner can still take advantage of this year.
Here are three Tax Help Tips that every business owner needs to know about for this tax year:

1. Fund a Retirement Account
You can reduce your 2011 taxes by starting a retirement plan or Simplified Employee Pension (SEP) for you
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A recent article in Forbes, With Indictments, The IRS Will Get More Data From the Swiss stated that banks prosecuted by U.S. authorities moved money to smaller, discreet establishments such as Wegelin & Co..  Because of this, the U.S. authorities have stepped up their determination to go after IRS tax cheats and the banks that are hiding them, relentlessly.  With large AND small banks like Wegelin & Co. facing indictments,
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The latest chapter of the IRS versus the Swiss Banks, reveals U.S. Prosecutors taking on the oldest Swiss bank of them all: Wegelin & Co.,
An article in the Wall Street Journal entitled Swiss Bank Wegelin Indicted on U.S. Tax Charges, outlines the criminal charges filed by U.S. Prosecutors on February 2, 2012 against Wegelin & Co., Switzerland’s oldest bank (founded in 1741) alleging that Wegelin knowingly aided wealthy Americans in
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