Posts Tagged ‘certified tax resolution specialist’

IRS Tax Problems-Agency Delays Start of Filing Season

Friday, October 25th, 2013

The government shutdown earlier this month did more than fray the nerves of citizens. It also delayed the start of the tax filing season. An article by MSN Money titled: “Shutdown causes IRS to delay tax filing season” cites an IRS press release sent out on October 22 announcing an up to two week delay to the start of the 2014 filing season due to the 16-day federal closure. The
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Madoff Victims Still Waiting for Investment Fraud Relief

Friday, September 20th, 2013

It appears that some of Bernie Madoff’s Ponzi scheme victims will have to wait a little longer get their money back. CNNMoney’s article titled: “More than $2 billion for Madoff victims is still in limbo” details information provided by Securities & Exchange Commission (SEC) veteran and hedge fund founder Richard Breeden. Breeden was appointed by the U.S. Department of Justice in December of 2012 as “special master” of the distribution
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U.S. Investigates Swiss Bank Rahn Bodner for Secret Accounts

Tuesday, September 17th, 2013

Another Swiss bank is experiencing the wrath of the U.S. Government’s focus on offshore tax cheats and revenue collection. A Reuters article titled: Another historic Swiss bank under U.S. tax spotlight reports that Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities as part of a lengthy U.S. Swiss dispute over tax evasion.
The article provides a brief history of Rahn & Bodmer:

It is an old line Swiss
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IRS Tax Liens-How Often Are they Wrong?

Friday, September 13th, 2013

Tax liens can be filed by state and local taxing authorities to enforce collection activity for back taxes owed; when the IRS files a lien against someone, its serious business. However, after reading a recent Forbes article titled: “Many Tax Liens Are Wrong in DC, But How About IRS?” it appears that when it comes to property seizures, the IRS has fewer errors than others. Case in point: The Washington
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Tax Relief Tips-More Top Tax Audit Triggers to Avoid

Thursday, September 12th, 2013

A tax audit either by the IRS or state taxing authority is no picnic. The process is intimidating, time-consuming, and can be costly especially if you are assessed additional taxes. It’s important that you know how an audit is triggered so that you can prevent one from happening to you. The latest Tax Audit Defense Top Five Audit Triggers to Avoid infographic highlights five top triggers so you can avoid
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Tax Policy Study Shows More Americans Paying Taxes

Monday, September 9th, 2013

About this time last year one of the biggest tax news stories centered around a 2009 Tax Policy Center (TPC) report that showed 47 percent of citizens were not paying taxes. According to a Don’t Mess with Taxes, Kay Bell in an article titled: “More Americans are paying federal income,” recent analysis by TPC (a joint venture of the Urban Institute and Brookings Institution), and shows that the 47% group
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Offshore Tax Evasion-US and Swiss Make A Deal

Friday, August 30th, 2013

After just reporting two days ago about the Cayman Islands reaching an agreement with U.S. taxing authorities, the U.S. and Swiss have finally reached a compromise deal for how Swiss banks will report account data on their American clients to the IRS. An ABC News article titled “US, Swiss Reach Deal on American Tax Evaders” reported that this agreement between the two countries will no doubt expose those American taxpayers
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Cayman Island Tax Haven No Longer Secret Due to FATCA

Wednesday, August 28th, 2013

First it was banks, now it is the offshore tax havens like the Cayman Islands who will no longer secretly shelter the assets of wealthy Americans. A Tax Connections article titled: “Caymans Makes it Tougher for Wealthy to Hide Money!” states that the Cayman Islands, a major financial center and home to operations for dozens of banks, funds and wealth-management entities, has made an agreement with the U.S. that it
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Tax Defense Partners Ranked Highest in Top Ten Reviews

Monday, August 26th, 2013

It was great to receive the news that Tax Defense Partners (TDP) was ranked the highest of all Tax Debt Relief Service providers on Top Ten Reviews. This first place review sighted the following reasons why TDP is the best option for representing taxpayers before the IRS:

The age of the company
The number of clients it has served
The fact that Tax Defense Partners can help with and negotiate any tax situation

It’s rewarding
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Tax Relief Weekly News Round Up

Friday, August 23rd, 2013

Happy Friday!
This week we featured tax relief stories about the following subjects: how tax resolution can help struggling taxpayers, turning financial failures into success, ways to pay off a large tax debt. We also covered stories about tax evasion, filing false tax liens and tax fraud.
Here’s the tax news recap:
The post How Tax Resolution Services Helps People Find Tax Relief was inspired by a video interview I had in February
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Three Californians Indicted for False Tax Liens and Fraud

Thursday, August 22nd, 2013

The Imperial Valley News (IVN) recently published an article titled: “California Residents Indicted for Filing False Tax Liens Against IRS Employees and Tax Fraud” highlighting an incredible story of three brazen and foolish people who thought they could outsmart the IRS. According to IVN, the Justice Department announced the unsealing of a superseding indictment that charged three Placerville, California residents: Teresa Marie Marty, Charles Tingler and Victoria Tingler, with conspiracy
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Tax Relief Tips-Turning Financial Failures into Tax Success

Tuesday, August 20th, 2013

Did you know August 15th was National Failures Day? Well, I didn’t either and it was only after reading an informative article from Don’t Mess with Taxes, Kay Bell titled: “Turning financial failures into tax-saving successes” that I thought there should be any reason to celebrate.
In the article, Kay Bell highlights the following financial “failures” that if deducted on your tax return may actually provide some benefit and possibly take
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Five Tax Help Tips to Keep IRS Audits at Bay

Friday, August 16th, 2013

Tax Defense Partners helps people resolve their tax problems and counsels clients on ways they can stay compliant and prevent future IRS tax issues. An article by Forbes titled “5 Steps to Keep the IRS Out of Your Hair” gives sound advice to taxpayers, reminding them to be proactive about preventing tax issues especially ones that have the potential to trigger an IRS audit.
Here are the top five tips Forbes
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IRS Help for Innocent Spouse Victims

Thursday, August 15th, 2013

I came across a Forbes article this week that should be good news for those folks claiming or who have already claimed the Innocent Spouse Defense. The article by Tax Girl Kelly Phillips Erb titled: IRS Proposes to Permanently Ease Restrictions for Innocent Spouse Relief, reports that the IRS proposes to do the following:

Extend the amount of time taxpayers can apply for equitable relief through an innocent spouse application. Under
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Americans Living Abroad Renouncing US Citizenship

Tuesday, August 13th, 2013

A Wall Street Journal article titled: “U.S. Expats Balk at Tax Law” reports that the government’s quest to find tax evaders is prompting some Americans living in Asia and around the world to rethink their citizenship. Their biggest complaint: the increasing burden of paperwork required by Foreign Account Tax Compliance Act, or FATCA.
As per FATCA regulations foreign institutions are required to disclose the overseas assets of U.S. citizens and green-card
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