With a record number of bankruptcies filed in the last year it’s important for taxpayers to know whether it’s possible to discharge taxes in bankruptcy. If you qualify for discharging your IRS tax debt through bankruptcy, you have an opportunity to achieve permanent tax relief and a fresh start. Find out more about eliminating your back taxes with these important tax relief bankruptcy tips.
Most taxpayers don’t realize that IRS tax debt may be eligible for discharge in bankruptcy. Record numbers of people filed bankruptcy last year because they lost their jobs or they lost their pension or maybe had a catastrophic life event that then caused their financial world to fall off a cliff.
Sometimes tax relief bankruptcy is the most appropriate course of action when you have a big IRS tax problem. And other times it’s not- and something like the Offer in Compromise program may be a much better option than tax relief bankruptcy.
Bankruptcy is an option used by the world’s biggest businesses as well as the humblest individuals. Obtaining tax relief through bankruptcy can give people a fresh start. Some people may think bankruptcy is a way to sneak around the system, but the purpose is actually to level the playing field so that people can permanently resolve their tax problems once and for all.
Bankruptcy does not always remove all tax liabilities. Not all IRS taxes, penalties, and interest qualify for complete 100% discharge. In order for a taxpayer to benefit from bankruptcy laws, it is important to get expert tax help from an IRS tax attorney or Certified Tax Resolution Specialist to determine whether or not your tax liabilities are eligible for discharge.
If you qualify for discharging your tax liabilities through bankruptcy, you can get massive tax relief from the government. However, only a seasoned tax attorney, CPA or Certified Tax Resolution Specialist can provide tax help to show you the proper sequence of events to declare bankruptcy and completely eliminate all of your back taxes, if you are eligible.
In October 2005, Congress enacted the Consumer Bankruptcy Law – including big changes that affect the ability to discharge income taxes. Therefore, it is highly recommended that the taxpayer seek out experienced legal counsel from a tax attorney or Certified Tax Resolution Specialist who specializes in tax relief bankruptcy.
Before you get started down the path of tax relief bankruptcy, here are a few tips.
Tax Relief Bankruptcy Tip #1: Does your debt consist of taxes, or everything but taxes?
Sometimes tax relief bankruptcy is the most appropriate course of action when you have a big tax problem. And sometimes it’s not. The first test to see if bankruptcy will give you maximum tax relief is to start with the question “What is your biggest problem? Is it everything BUT taxes, or is it the taxes?” If you have lots of creditors that you are having trouble paying, bankruptcy may be your best option. If your only major creditor is Uncle Sam, a tax attorney or Certified Tax Resolution Specialist can help you consider additional back tax relief options like an IRS installment agreement that may be a better fit depending on your exact circumstances and the tax relief solutions you qualify for.
Tax Relief Bankruptcy Tip #2: Get the maximum tax debt forgiveness with the right kind of bankruptcy.
There are three types of bankruptcies:
• Chapter 7: Chapter 7 is what everyone wants. Chapter 7 is total tax debt forgiveness, wiping out everything. The bankruptcy laws changed a few years back. These days you have to get your tax tax attorney or Certified Tax Resolution Specialist to petition a judge to grant Chapter 7. There’s now a financial means test that mirrors very closely the IRS test for the Offer in Compromise program. A financial means test means that you have to prove you can’t pay. Your assets are significantly less than what you owe. You don’t have to be destitute, but if the tax debt is so massive compared to your assets that you’re upside down or insolvent, then that’s obviously a key test to be a Chapter 7 candidate. Chapter 7 is complete forgiveness. It wipes off the plate. And that’s called discharge. You want the discharge to get total tax debt forgiveness. If Chapter 7 is not possible – and bankruptcy tax attorneys have to be a lot more rigorous around this than they had been in the past – the bankruptcy tax attorney is supposed to then submit a petition for a Chapter 13.
• Chapter 11: Chapter 11 is primarily used by businesses as a form of a business reorganization that allows you to negotiate with your creditors to restructure debts so that your business can emerge from bankruptcy with a sustainable debt load. If you are self-employed and/or incorporated, consult with a tax attorney or Certified Tax Resolution Specialist about how you can use Chapter 11 tax relief and debt relief to make your business stronger.
• Chapter 13: A Chapter 13 is basically a structured payment plan. It’s called a Wage Earner Plan. It is very similar to the Offer in Compromise program, but gives you a big hit on your credit report for the next 10 years.
Tax Relief Bankruptcy Tip #3: Know when bankruptcy is a better option than an Offer in Compromise.
The IRS’s Offer in Compromise program is a fresh start program, and sometimes it’s a much better option than bankruptcy. In many instances the tax obligation can be reduced, without the burden of a bankruptcy on your credit report for the next 10 years. So it’s important to consult with a tax attorney or Certified Tax Resolution Specialist to discern the benefits of different tax debt solutions for your case.
Tax Relief Bankruptcy Tip #4: Business bankruptcy is different from personal bankruptcy.
Many self-employed people have incorporated as a business. Incorporation provides you with personal protection from tax debt. Depending on the laws in your state, you can simply declare bankruptcy and dissolve your corporation with no impact on your personal credit history. Ideally under this scenario your corporation’s tax debt vanishes in a poof of smoke with no personal liability but in reality you’ll need to consult with a tax attorney or Certified Tax Resolution Specialist to work out the details in your case.
Bankruptcy is sometimes the best option, but it will haunt your credit report for the next 10 years. When there aren’t any other significant debts, an IRS tax attorney or Certified Tax Resolution Specialist can help you significantly reduce your tax obligation through less drastic means. But if you go down the bankruptcy path, take heart. Learn how to file for bankruptcy correctly before proceeding. In many cases, people can reestablish their credit history in as little as two years.
The Tax Resolution Services expert team of tax attorneys, CPAs, and tax relief professionals helps 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. For a free tax resolution consultation, call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
Question: Like others who read IRS Times & Inquirer, I owe a significant debt to the IRS. Which program would be better for me — the Offer in Compromise or the Installment Agreement?
Answer: Those are two great programs for people with significant tax debt, and one of those programs might be right for you. However, without reviewing your case in detail, I can’t say with authority which program you should pursue.
Let me tell you a little about each program, and this may allow you to determine the answer.
The Offer in Compromise was implemented by the IRS following the tax-collecting agency’s realization that the strong-arm, door-knocking technique of tax collection isn’t always the most effective. In fact, this kinder, gentler approach is as effective, if not more effective, than the old ways. This program is designed for taxpayers who owe a significant amount to the IRS but who, for whatever reason, are unable to pay the debt, even over time. Under this program, you and your tax professional can negotiate a settlement amount with the IRS that can result you paying far less than you owe.
Now, you may not qualify for the Offer in Compromise program. Your capacity to pay back the debt, for example, might be too high to qualify. If that is the case, then the Installment Agreement (IRS Payment Plan) could be your best option. Under this program, you can pay down your tax debt over time by making small monthly payments. Think of this like a car payment — enough each month to pay down the debt over time but not so significant that you need to alter your lifestyle dramatically.
If you indeed have tax debt and are considering one of these options, your first step should be to consult a qualified tax professional. He or she will analyze your previous returns and chart your course to freedom from the IRS!
Michael Rozbruch is an IRS problem solver. For a free, no-risk consultation, please call Tax Resolution Services at 1-866-IRS-PROBLEMS and get started on the road to tax debt relief today!
In the latest news about tax evasion charges for UBS account holders, five more has just been found guilty for hiding funds overseas.
According to Wall Street Journal, “A number of UBS clients have agreed to plead guilty to criminal charges for failing to report funds held overseas or by overseas entities.”
In many cases, people who know they are facing tax evasion charges will plead guilty for a lesser penalty than risking a longer sentence if they did not plead guilty proactively.
Whistleblowers who are guilty of tax evasion are not safe from IRS penalties either. But it is much better for them to work with the IRS to seek a lesser punishment than to sit and wait for much more severe penalties.
If you are defending your offshore tax evasion, you need expert tax help from a tax attorney, CPA, or Certified Tax Resolution Specialist. Fighting the IRS on your own is like going to court without a lawyer.
April 15th has come and gone–if you’re one of many struggling taxpayers who either did not have enough money to pay your taxes in full or have not yet filed your return, there’s still hope!
The key is to file any tax returns that are due as soon as possible to avoid additional interest, penalties and potential IRS collection tactics, such as a levy on your bank account.
Even if you were to send in a $10 check along with your tax return, it’s better than not filing at all. So if you’re a late filer, strap down and get your taxes done to avoid any more IRS trouble.
For those who have years of unfiled taxes or unpaid IRS back taxes, I urge you to learn how to find a well-qualified Certified Tax Resolution Specialist versus falling for tax relief “quick fixes” that are oftentimes scams. Lately, tax resolution scams are on the rise as unethical tax relief companies are taking advantage of the increased number of taxpayers under threat of IRS audits and back taxes. Learn how to protect yourself and how to choose a qualified Certified Tax Resolution Specialist.
At Tax Resolution Services, we know that IRS tax problems can cause an immense amount of fear and anxiety. Our mission and passion is to provide tax help to those who feel hopeless against the IRS. Our 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.
Our dedication to helping our clients has been nationally recognized and endorsed by Glenn Beck, one of America’s leading radio and television personalities, as a recommended provider of solutions for taxpayers with IRS problems. Watch the video below to learn more:
You can learn more tax help tips and advice by checking out our previous IRS tax debt relief newsletters.
If you owe the IRS over $15,000 in back taxes, have unfiled returns, or are under audit, our team is here to help you negotiate a settlement of up to 85% off the original amount owed, including penalties and interest if you qualify. Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
Every year, millions of taxpayers fail to file legally required tax returns by the April 15th deadline, and this year that number is expected to rise due to the economic recession and the dramatic increase in unemployment.
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.
Taxpayers can run, but they can’t hide from the IRS. And the longer you put off dealing with past due taxes, the more serious your IRS problems will be. Failure to file tax returns makes you vulnerable to potential IRS collection tactics, such as a levy on your 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.
The average client at Tax Resolution Services has 4 to 11 years of unfiled tax returns. Our team of expert tax attorneys and Certified Tax Resolution Specialists also help clients who owe IRS back taxes negotiate the lowest possible IRS payment amount allowed by law if they qualify.
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. Regardless of what you’ve heard, you have the right to file your original tax return, no matter how late it’s filed. And you will need to file all delinquent tax returns before the IRS will even entertain any type of tax settlement like an offer in compromise or monthly payment plan arrangement.
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 866-IRS-PROBLEMS.
With April 15th’s tax filing deadline come and gone, taxpayers still need to stay alert about their IRS tax relief options, what common filing mistakes to watch out for, and how to avoid tax relief scams.
Recently, Brian Compton–president of Tax Resolution Services and tax relief expert, was interviewed for the Loop21 to share some top tax help tips with taxpayers who have been busy this tax season.
Read on for expert tax help tips you should not miss:
Common Tax Filing Mistakes
Not signing and dating your tax return. Even if you send in your tax return on time, it is not considered filed unless you sign and date your forms. If you’re filing jointly, both you and your spouse must sign the forms for it to be complete. Submitting an incomplete tax return will result in IRS penalties and interest.
Writing in the incorrect social security number or forgetting to write your social security number. This may seem easy but it makes a big difference–double-check your data entry before you submit your forms.
Failing to report all of your income. This is common during a tough economy where people are in-between jobs or working multiple jobs. Make sure you report everything you earned in order to avoid IRS penalties.
Common Tax Relief Scams
Phishing (a tactic used by Internet-based thieves to steal financial informaiton, including bank accounts, etc.) reports the IRS. Remember: the only official IRS Web site is located at www.irs.gov.
Some people are calling taxpayers to get their financial information by referring to stimulus rebates. The government will not email or call you to get this information–please do not reveal personal information over unreliable networks.
Taxpayers who earn more than $100,000 a year are twice as likely to get audited than taxpayers who make less–if you’re in this category, make sure you only claim legitimate expenses and deductions that you can substantiate with documents
It’s a good idea to get expert tax help to get your taxes filed; the more complex your taxes get, the better it is to get expert tax help to avoid IRS problems
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists. We’re here to help you with your tax problems–call our office today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.
Tomorrow – April 15th – is tax day! As tax day approaches, some people get more desperate to get their taxes done and filed! Our tax attorneys and Certified Tax Resolution Specialists can tell you one thing for certain: large or small, elaborate schemes to evade taxes don’t work. And this just doesn’t apply to people like this man from Bend, Oregon, in the article below, it also applies for people who are filing tax returns at home. Misrepresenting yourself on your tax return filing is just a smaller scale version of tax evasion. No matter how small or fancy you get, the IRS will catch you.
Jerry Lawrence Miller, 60, of Bend, Ore., was found guilty of five cWheounts of income tax evasion and one count of conspiracy. Miller and his wife, Rosemary Josephine Miller, were charged in May 2009 with conspiracy and tax evasion.
According to evidence presented at trial, Miller worked for a company called Business Administrative Services. Miller attempted to thwart the IRS’s efforts to collect federal income taxes by entering into a “Professional Services Agreement” with BAS, in which he agreed to donate his time to BAS and, in return, BAS agreed to pay his personal expenses. BAS paid Miller’s personal expenses and issued him a preloaded ATM card to pay for personal expenses.
Our team at Tax Resolution Services is honored to have our Tax Resolution University blog featured as #8 on the “20 Best Blogs for Tax Advice” this year.
As a team of dedicated tax attorneys, CPAs, and Certified Tax Resolution Specialists, we are happy to be nationally recognized for our devotion to educating taxpayers and business owners on their tax relief options. We understand that it can be very overwhelming to deal with IRS back taxes and penalties, which is why we offer free tax resolution consultations to taxpayers who aren’t sure what to do.
It is our mission to take the tax problems from our clients’ dining room tables and into our tax help office so that regular taxpayers and business owners can sleep soundly at night knowing that their tax problems are in good hands.
I will continue to blog about the latest tax news and tax help tips so that our readers can stay up-to-date with the latest tax climate. Feel free to check out my personal list of top tax advice blogs and also subscribe to our blog to get updates in your Inbox!
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com.
There are only two days left until the April 15th tax filing deadline.
For taxpayers who are not yet ready with their tax returns, it’s time to buckle down. Whether you haven’t filed your taxes because you’ve been busy or because you don’t have enough money to pay your taxes in full, it’s time to get serious about your tax return in order to avoid IRS tax problems.
I recently appeared on the Big Biz Show to share some last minute filing tips to taxpayers who want to avoid IRS tax problems. Read on for tax help advice on how you can save yourself from severe IRS penalties this tax season.
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How Innocent Spouse Defense Can Save You
Question: What is Innocent Spouse defense and how can this relieve someone of their joint tax liabilities?
Answer: First and foremost, you can only qualify for Innocent Spouse defense if you’re divorced and signed a joint return for the year in question. Normally, if the husband has a side business with its separate banking account and gets caught for evading his taxes, the IRS can come after both the husband and the wife for the amount owed. If the wife can prove that she 1) did not know about the business and the tax evasion and 2) she did not benefit from the tax evasion of the business (i.e. living a more lavish lifestyle), then she can qualify for Innocent Spouse as long as she is divorced from her husband.
It’s a tricky situation and you definitely want to make sure that you’re going to be mired in IRS trouble for someone else’s mistakes.
What to Do If You’re in IRS Debt
Question: What is your advice for people who are in so much IRS tax debt that they don’t know what to do or where to start?
Answer: There’s a solution to every problem. I have met people who owe the IRS almost $1 million and they’re able to settle an Offer in Compromise agreement with the IRS so that they can pay off their debt in installments. It’s not often that taxpayers end up owing the IRS that much money, but even if you do–you can get tax help to resolve your IRS problems.
It is also important to remember that the IRS is willing to work with you. If you can only afford to pay “X” instead of “Y” per month to resolve your back taxes, they are flexible enough to extend your payment period to accommodate for that. This is called a “partial pay installment agreement.” Speak to a tax attorney or Certified Tax Resolution Specialist about how you can qualify for this if you are in IRS debt but can’t afford to pay.
Tax Filing Procrastinators–What to Do Now?
Question: So what if I still haven’t filed my taxes and it’s April 15th in a day? What should I be doing right now?
Answer: If you’re filing an extension, you need to be paying in about 100% of what last year’s tax liability is or you’re going to owe money. What you need to do is sit down with your documents right now, categorize them or divide them by category, not by month, and start doing your tax return.
Remember to review your social security numbers, carefully check them, make sure you didn’t transpose them. Double-check your figures if you’re doing this thing by hand, make sure your arithmetic is correct. Because if it’s not, it will generate a red flag and an IRS audit. Remember to sign and date your return, I cannot believe how many people send in their tax return and don’t sign it. That doesn’t count as a filed return.
Even if you’re filing for an extension, you still need to give the IRS an estimate. So either way, you need to sit down and crunch your numbers. You may as well get the tax return done while you’re at it.
Do I Need to Pay the Alternative Minimum Tax?
Question: What is the alternative minimum tax?
Answer: The short version of alternative minimum tax is if a taxpayer claims too many deductions and ends up having no tax liability, the government will intervene and say “no, you have to pay at least this amount ‘x’”. So you definitely want to be careful with your deductions and make sure that you’re claiming legitimate ones you can prove.
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Remember, it’s not the end of the world if you’re mired in IRS tax trouble. There will be a IRS tax relief solution that can get you through–just don’t hesitate to ask for tax help.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your tax problems. You can call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free tax resolution consultation.
With just days until federal and state taxes are due, taxpayers who cannot afford to pay their 2009 taxes need to know that they still have IRS tax relief options they can utilize in order to avoid severe IRS penalties and the long-term consequences of unfiled tax returns.
If you don’t have enough money to pay the IRS this year, send in a $10 check with your tax returns on April 15th. This makes it possible for you to file on time, which reduces IRS penalties and demonstrates good faith to pay. Then you can go work with a specialized tax resolution expert to help you negotiate a discounted tax settlement if you qualify.
Furthermore, Americans who are opting to not file tax returns because they don’t have the funds to pay the taxes owed need to know that the IRS will often file a substitute for return on their behalf.
If you don’t file your taxes, the IRS may file them for you. And keep in mind that the IRS prepares these substitute for returns in the best interest of the government, which more often than not results in the overstatement of what taxpayers owe in back taxes and IRS penalties.
So it’s important that Americans file their 2009 tax returns, as well as any prior delinquent tax returns, as soon as possible so they can have the chance to state what they truly owe, which will ultimately save them money and help them avoid significant long-term financial repercussions. And for taxpayers with IRS back taxes who cannot afford to pay their tax bills this year, it is advisable to seek tax help from an expert IRS tax attorney or Certified Tax Resolution Specialist to explore potential tax relief options.
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 have 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.
April 15th – tax day – is a week away. While some people are scrambling to file their 2009 returns, others may be wondering what to do about unfiled returns from previous years. Often we get inquiries from people who are worried because they failed to file a tax return in the past. It should be a concern, and consulting a tax professional is the first step to remedying the problem of outstanding back taxes. Did you know that no matter how delinquent your tax return is, you have a right to late tax filing? Tax Resolution Services can help you with delinquent tax filing – resolve your tax debt with professional tax help and sleep better at home because you won’t face sleeping in prison like this Colorado man.
Darrell Stoffels, 59, of Castle Rock, Colo., was charged with failure to file tax returns.
According to court records, during the calendar years 2003 to 2005, Stoffels, who was a resident of Colorado, received gross income of approximately $281,838.
Stoffels earned $58,958.09 in 2003, $121,607.64 in 2004 and $101,273.09 in 2005. Stoffels failed to file income tax returns with the IRS for those years, citing specifically his gross income and any deductions and credits to which he was entitled.
“Fulfilling individual tax obligations is a legal requirement and those who criminally evade that responsibility will be prosecuted,” said U.S. Attorney David Gaouette in a statement.
“As April 15 is approaching, this is a reminder that all taxpayers should pay their fair share and file complete and accurate tax returns,” said Christopher M. Sigerson, Special Agent in Charge, IRS Criminal Investigation, Denver Field Office. “IRS special agents are doing their job to ensure the honest individuals do not have to pick up the tab of those people not filing returns or filing frivolous returns.”
Stoffels faces up to one year in prison and a $25,000 fine per count.
As the April 15th tax filing deadline fast approaches, taxpayers who owe the IRS back taxes may be desperately searching for “quick fix” tax settlements to resolve their IRS debt.
I strongly urge to not fall for these “fast and easy” tax relief settlements–especially if you have not done extensive research on the tax relief company.
A recent MSNBC article cautioned taxpayers against falling for tax resolution promises that sound too good to be true. According to the article, “Instead of describing the long odds [of winning a tax settlement], many tax debt settlement companies sweet talk clients. Then they take large up-front payments — prices start at $3,000 and climb fast from there – but do little or nothing to help with the tax problem.”
Many tax relief companies promise taxpayers the world in order to retain them for a large fee. Once they retain these clients, they move on to sell to the next potential client without working to help the retained ones. If you’re already in IRS debt, you do not need to add wood to the fire by paying a tax resolution firm thousands of dollars if they do not do anything to help resolve your tax debts.
The article also quotes our friend Larry Lawler, executive director of the nonprofit American Society of Tax Problem Solvers, which advocates for tax experts that help consumers with debt.
While freely admitting some firms that aggressively advertise are trying to dupe consumers, he says a few bad apples have given his industry “a black eye that is underserved.”
Lawler said that despite the mine field of tax settlement firms, consumers often do need professional help to address their tax debt — and ignoring it simply makes things worse. In an attempt to help consumers find honest help, his agency offers a certification program, though so far only about 100 professionals around the country have completed it.
Check out our tax help article on how to avoid IRS tax relief scams to learn more about how to protect yourself and your financial well-being.
Tax Resolution Services will qualify our potential clients before taking them on. Our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists are here to help you resolve your IRS tax problems for good. Call our office today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
With the deadline to file federal and state income tax returns just around the corner, struggling taxpayers unable to pay their tax bills will need to know how to get the tax relief they need.
I will cap off my weekly appearances on the nationally syndicated series “The Big Biz Tax Day Countdown” with a live in studio appearance on Big Biz TV to give out free, last-minute tax relief advice on April 15th.
Filing tax returns – especially if you owe back taxes – can be a daunting and confusing task for taxpayers. However, with professional tax help, a tax attorney, Certified Tax Resolution Specialist, or CPA can help you resolve your IRS debt and make the whole process less intimidating by becoming a bridge between you and the IRS.
My team at Tax Resolution Services have successfully saved clients over $52 million in back taxes and IRS penalties and is committed to educating the public on tax planning strategies to help them stay out of tax trouble. I am honored to have appeared on hundreds of media outlets across the nation and I am also the Big Biz Show’s go-to TaxMan.
“We always get emails from listeners with tax questions after interviewing Michael,“ said Big Biz Show hosts Bob “Sully” Sullivan and Russ T Nailz. “That guy knows a lot and not only that, if I was ever in trouble in that respect I know for a fact I would call that guy!”
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.
Any tax attorney will tell you, tax evasion is not the answer to avoiding taxes! If you are in serious tax debt and feel that you cannot pay Uncle Sam what you owe, there are better options (that are also legal) than evading taxes. The first step to tax debt relief is to have tax professionals in your corner. Before I tell you more about how you can reduce your tax debt, read this story about a councilman who decided to take tax matters in his own hands, and then I’ll tell you how you can place your tax problems in our hands!
A South Carolina politician faces up to five years in prison after pleading guilty to a tax evasion charge.
Columbia City Councilman Ernest W. Cromartie II, 64, was charged in federal court with a felony information, and at the same time in a plea agreement, he chose to waive the presentation of the information to a grand jury.
Cromartie, the longest-serving city council member in Columbia, is a managing partner in a law firm and owner of One Stop Party Shop. According to federal records, Cromartie did not pay federal taxes and lied about this to investigators.
Specifically, prosecutors alleged he did not pay $25,316 in income taxes in 2004, and his overall actions resulted in a $58,075 tax loss to the United States government.
News, commentary, insight, tips and humor from tax expert Michael Rozbruch
Michael Rozbruch is a Certified Tax Resolution Specialist, a member of the American Society of IRS Problem Solvers and a Maryland CPA.
IRS PROBLEMS?
If you find yourself in trouble with the IRS and need professional tax attorney and tax resolution services, call (888) 699-7630. Effective tax negotiation and representation means that your tax attorney, Certified Tax Resolution Specialist or CPA will take over all communications with the IRS, filing any delinquent tax returns to bring you to full IRS compliance while vigorously defending your rights as a taxpayer to permanently resolve your back taxes and IRS problems.
There are only two days left until the April 15th tax filing deadline.
