The latest IRS step-up in tax collection crackdown has some 14,700 wealthy Americans shaking in their chairs. The IRS reports that it has been seeing an “unprecedented” number of Americans who have come forward before the October 15th amnesty deadline. Offshore account holders who voluntarily disclose their unpaid back taxes on foreign funds by this deadline are able to receive reduced IRS penalties.
For those who did not make the deadline
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Ever since the latest IRS crackdown on American offshore bank account holders, Swiss banks such as Julius Baer Group has reported losses in financial assets due to scared Americans who are withdrawing their money. This latest news shows that the IRS has successfully struck fear among Americans who up until recently, have been able to evade taxes with offshore bank accounts.
According to the NYTimes, “shares in Julius Baer fell 2.78
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This is funny!  And happening more often than you think.  The IRS Whistleblower office pays money to informants who provide specific and credible information to the IRS about people who owe taxes.  The IRS has been increasing tax enforcement since 2008!  Tax cheats, beware!  If you need to work through you tax problems such as back taxes, consult a tax professional from Tax Resolution Services.  We offer a free tax
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We provide offshore tax evasion defense for clients who have been targeted by the IRS. And I’ve heard on many occasions that it’s difficult to find reliable offshore tax resolution information on the Internet. So we’ve added a new tax help resource devoted to IRS offshore tax settlements to to further help people with overseas accounts by educating them on their options for tax relief.
Each year, the government racks up
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If you are a self-employed independent contractor, you need to know that the tax clock is ticking and you’re in danger of letting serious income tax relief money slip through your fingers. If you’re not careful, you could also make some common self-employed independent contractor income tax mistakes that will mean you’ll owe back taxes on your 2009 income tax return.
If you’re a freelance self-employed professional, the most important thing
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In this current economy where the unemployment rate is still climbing, millions of taxpayers like you are setting up shop in their homes to provide services as self-employed independent contractors. Whether your new self-employment status is a temporary measure or part of your long-term plan to fortune and glory, there are tax dangers (plus surprisingly lucrative income tax relief) that you should pay attention to.
One of the top priorities for
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Many taxpayers are not aware of the Statue of Limitations that the IRS must abide by when collecting taxes. The date of your initial IRS assessment marks the beginning of your ten-year Statue of Limitations with the IRS. This statue allows taxpayers to be freed from their entire outstanding back taxes debt obligations if the IRS fails to collect all of the remaining debt by the end of the ten
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If you are being accused of failure to file taxes by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it is wise to keep important records that may later help you prove your innocence to the IRS.
Without strong evidence, it is highly unlikely that you will
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In my years of experience as a tax resolution specialist, I have met many people who hold the misconception that the IRS primarily targets a specific group of people with back taxes–either the wealthy celebrity tax cheats or the Joe Six-Packs. This is simply not true.
Turn to the news and you will find a wide range of people who have been getting in trouble with the IRS.  Just watch Entertainment
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Matt C. was a freelance worker who never saved enough money to pay taxes at the end of the year.  When the letter from the IRS came, stating that they were going to seize everything he owned - his heart sunk!  Watch how he solved his IRS problems on the video below from TRS Files.
Matt was either going to flee somewhere and hide for the rest of his life or
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While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.
This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will
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Facing back taxes can be overwhelming, but must be done!  Did you know that working through your back taxes owed doesn’t have to be done alone?  I recommend professional tax services to help you find tax relief.  Tax Resolution Services specialize in helping people resolve their tax debt one step at a time.   Remember that no one can avoid taxes.  Eventually the IRS will catch on to you like this attorney
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I recently blogged about the Worst Cases of Celebrity Tax Evasion- and the tax resolution lessons we can learn from these high-profile cases to make sure you don’t land in IRS trouble!
I came across another article on FoxNews.com about the Tax Problems of the Stars - which feature both recent headlines and some blasts from the past. Here are some highlights:
Nicholas Cage recently made headlines for his huge tax liabilities
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If you owe taxes to the IRS, and feel like you do not have the money to pay them back, you can work out a payment plan with the IRS, also known as an Installment Agreement, which allows you to pay your tax liabilities over time.  Some people are able to negotiate their tax payment plans, but if you owe $25,000 and over, I would highly recommend working with a
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Celebrities, just like average taxpayers, can run into serious IRS problems. You have an edge over the high-profile celebrity tax cheats in that you can learn how to avoid IRS tax problems from the worst celebrity tax evasion cases.
Recently Access Hollywood compiled a list of celebrity tax cheaters who found themselves in deep IRS trouble with Uncle Sam. With thousands of fans and loyal followers, ending up on the
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