Tax day is fast approaching and if you are still getting your 2010 tax return in order, you don’t want to miss tomorrow’s Big Biz Show at 1:10pm PST on the top tax tips for your 2010 return.
To continue my weekly appearance on the Big Biz Show to share tax help tips with consumers, I will go over some important things you don’t want to leave out of your 2010
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We are getting closer to tax day with 20-something days on the countdown till April 18th. Have you gotten your ducks in a row yet?
Last week I sat down with Russ & Sully from the Big Biz Show to share the top four tax help tips for 2011. If you happened to miss the show, here’s the scoop:
Tax Help Tip #1: Severance & Unemployment are Taxable. Many people don’t realize
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If you owe back taxes and the IRS is coming after you, they can seem like a heartless organization!  This is really not the case.  In fact, the IRS has set up quite a few tax relief programs that encourages consumers to pay their tax debt – including the Offer in Compromise program, where a consumer can potentially save thousands (provided they qualify) and the IRS Installment Agreement, a payment
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Bringing you another edition of tax help news from the blog-o-sphere, including tax tips, tweets and everything tax! At Tax Resolution Services, Co. we like to keep up with what is going on in the tax world. Not only does this enable us to offer expert tax help, but we strive to educate consumers on current news and relevant tax content.
Check out some of the recent tax buzz we’ve Stumble(d)Upon upon
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According to Reuters news service, the Obama Administration’s proposed 2012 budget includes a $1.13 billion increase in funding for the IRS.  About $460 million of the increase, which brings the total IRS budget to a whopping $13.3 billion, is slated for tax enforcement programs. The increase allows the IRS to hire 5,100 new employees, most of whom will go after delinquent taxpayers both large and small.
I’ve come across too many
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IRS audits are the highest they’ve been in a decade and if you find your business getting audited, this is what you need to know: Do not go up against the IRS on your own!
According to a recent Bloomberg article, IRS agents say business owners that choose to represent themselves without professional tax help are the easiest to incriminate during an IRS audit.
The article suggests a number of helpful strategies
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As the Tax Day Countdown series continues on the Big Biz Show, don’t miss tomorrow’s segment on the 7 Things small business owners should know about payroll tax problems! It will air at 1:10pm PST.
As the tax day quickly approaches, are you prepared as a small business owner to own your tax returns? Are there things about payroll taxes that you may not know about? Oftentimes, what you don’t
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Armed with a large federal budget and under pressure to close the whopping $345 billion tax deficit, the IRS has increased audits by 11% last year-targeting both consumers and business owners.
Last week I sat down on the Big Biz Show to continue the Tax Day Countdown and to share some top red flags that trigger IRS audits. So here are some things to watch out for:

Hire a professional. On average,
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While many business owners are struggling in the current economic climate, I want to emphasize that in addition to abnormal tax deductions, there are a number of other things that can trigger IRS audits, penalties, and potential jail time.
CBS Interactive Business Network BNET recently published an article, “How to Stay Out of Tax Hell” in which I shared important tax help advice for business owners, including how failure to pay
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I recently mentioned the new effort by the IRS  to help consumers with delinquent back taxes avoid tax liens and become compliant in these economically challenging times.
While these tax relief efforts from the IRS would seem to be welcome news, we tax resolution experts have little hope that these changes will result in much of a break for the consumers who need it most.
Here’s why: from my experience, I have
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At Tax Resolution Services, Co. our business is not just helping consumers and business alike with expert tax help in settling their back taxes or various IRS troubles. Our team strives to educate consumers with timely posts, tweets and news from the tax world at large. This is why I am always on the lookout for useful news posts and relevant content from other tax pros out there.
Check out some
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The IRS strikes again. This time, Hollywood bad boy Al Pacino and Martin Scorsese are getting slammed with the expensive tax bills.
According to The Boston Herald, Al Pacino owes the IRS $188,000 in unpaid back taxes. Pacino claims that he did not mean to cheat Uncle Sam, but rather that his former business manager Kenneth Starr was responsible.
A similar story is heard from Martin Scorsese, who owes a whopping $2.85
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This February the IRS made a major announcement regarding their new effort aimed at helping taxpayers who are struggling. These new policies and programs will be put in place to 1) assist consumers in paying their back taxes and 2) avoididing tax liens.
This isn’t the first time the IRS has tried to be generous with taxpayers by offering them a ‘break‘. This IRS announcement nearly boasts that this is another
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As I continue my weekly appearances on the Big Biz Show for the Tax Resolution Tax Day Countdown, I sat down last week for a chat about the latest IRS announcement to offer tax relief for struggling consumers by making changes to the lien process.
We’ve heard this before: the IRS is kinder and gentler by promising to speed up tax relief for homeowners who are looking to refinance (2008) and
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Tax Day 2011 (the day your tax returns are due) is drawing closer. The government’s enforcement efforts are in high gear. Are you comfortable with your tax situation?
You’ll have to thank Abraham Lincoln. He’s given you three extra days to file your tax returns this year. This year, tax returns are due April 18, instead of April 15, because Emancipation Day will be observed April 15. Emancipation Day, a holiday in the District
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