Posts Tagged ‘delinquent tax returns’

Tax Relief News: IRS Recruits Hundreds of New Agents via YouTube to Crack Down on Back Taxes

Monday, August 2nd, 2010

If you are a taxpayer that is overwhelmed by back taxes, delinquent tax returns or interest, you may be constantly worried about the IRS knocking on your door with a collection notice. And that day may be sooner than you expect as the IRS is out to hire hundreds of new agents and using the internet to swiftly find and recruit new employees.
As the most powerful collection agency on the
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Tax Relief News: 1 in Every 75 Taxpayers Will Be Audited By the IRS

Friday, July 30th, 2010

In plain terms, an IRS audit is to ensure that your tax return is filed correctly — that you’re not claiming too many unwarranted deductions, and that you’re paying what you really owe Uncle Sam. It all starts with a number that the IRS computer assigns to your tax return known as the DIF score.
The IRS is pretty hush-hush about how it’s calculated, but the higher your DIF score, the
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Tax Attorney Says You Have a Choice: File Your Taxes or Go To Prison for Under Reporting Income!

Thursday, July 29th, 2010

How does that old saying go? If you can’t beat them, join them.  This message is for all the people who think they can beat the IRS by cheating on their taxes, filing fraudulent tax returns or hiding their income.  If I have to spell it out for you, I will.  The bottom line is, you can’t beat the IRS.  So you might as well join the masses of US citizens
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Tax Relief FAQ: What Is An IRS Installment Agreement for Payment of Back Taxes?

Tuesday, July 27th, 2010

Thousands of Americans owe back taxes and interest to the IRS every year. If you are one of the many taxpayers feeling the burden of tax debt, it’s important to take the necessary steps to resolve your IRS problems now – and not later. The worst thing you can do is ignore letters from the IRS in hope that your troubles will go away. They will not, unless you take the
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IRS Tax News: Failing to Produce Evidence for Claimed Deductions Will Cost You More in IRS Penalties

Friday, June 25th, 2010

In recent tax court news, the IRS re-affirmed the need for proper, paper-trail evidence when claiming deductions on your tax returns. A couple based in Alaska filed their tax return with medical expense and home deductions, however they failed to supply any evidence of the costs associated with these deductions. Furthermore, their return was filed late. Without providing sufficient evidence, your claims are in effect meaningless. The combined effects of
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Your Summer Glow Is Now Taxable – Tanning Tax Will Help Fund Health Care Reform

Wednesday, June 23rd, 2010

Effective July 1st there will be a 10% excise tax on all indoor tanning services. Last week the IRS announced the new regulations outlining the administration of this new tax that has been in the works for several months. This new tax is part of the 2010 tax hikes aimed at funding the health care reform.
How the new tax affects you:
Whether you are a business providing indoor tanning services or
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How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns

Friday, May 28th, 2010

With the IRS enforcement budget reaching a record $5.5 billion, more Americans than ever will need to know their options for income tax relief and IRS help to resolve IRS problems and avoid financially debilitating penalties and levies. If you owe back taxes or have several years of unfiled tax returns, here are a few tips to help you get the IRS tax relief you need.
You can run, but you
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Still Owe IRS Back Taxes? Pennsylvania Ad for Tax Amnesty Warns that Big Brother is Watching

Monday, May 10th, 2010

Just in case you thought we were exaggerating, here’s an interesting video (see below) that reflects how tax collection agencies (at both the federal and state level) are becoming increasingly aggressive!
Joseph Abrams reports that the Pennsylvania Department of Revenue has taken on Big Brother scare tactics in the latest search for delinquent taxpayers – despite recent headlines that say taxing authorities have become kinder and gentler to help struggling taxpayers
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Practical Resolutions for IRS Back Taxes and Tax Troubles: Tax Advice on the Big Biz Show

Monday, May 3rd, 2010

I recently provided advice about how to successfully file tax returns and avoid potential IRS back taxes during my interview on the Big Biz Show. I discussed the penalties of filing late returns and urged people to seek extensions the proper way in order to avoid failure to file penalties such as fines up to $25,000 per year and/or sentences of one year in prison per each un-filed year.  Due
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IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Friday, April 30th, 2010

With the April 15th tax filing deadline already passed, what can you do if you’re one of thousands of taxpayers who just don’t have the cash to pay Uncle Sam?
The good news is, there are still IRS tax relief options for you if you did not pay two weeks ago. According to a  MarketWatch article, your best bet is to still file your tax return even if you don’t have
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IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate

Tuesday, April 27th, 2010

Under the new health care mandate, the IRS has authority to withhold a portion of your federal tax return if you can’t demonstrate that you have health insurance coverage. Even though the IRS says they won’t audit you, your tax returns will be under greater scrutiny in the coming years. Increased IRS enforcement is a certainty, and now is the time to take action and get it right.

IRS Tax Relief News–Did You File Your Taxes?

Saturday, April 17th, 2010

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
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It’s Not Too Late for Taxpayers with Unfiled Tax Returns to Resolve IRS Problems

Thursday, April 15th, 2010

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
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Tax Help News: If You Don’t File Your Taxes, the IRS May File Them for You

Tuesday, April 13th, 2010

Make no mistake about it, the IRS is serious about getting your tax return. Filing your tax return every year is not a voluntary act–and you had better file your own than let the IRS do it for you.
According to NYTimes, through mid-March, the IRS reportedly received 68.7 million returns, 3 percent fewer than at the same time in 2009.
In this economy, many Americans may opt to not file because
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Tax Help For Last Minute Filers This Thursday, April 15th on Big Biz Show

Monday, April 12th, 2010

If you’re one of the taxpayers who have not yet filed your taxes for 2009, tune in this Thursday, April 15th at 1:40pm PST to the Big Biz Show for free last minute tax help advice.

I will be discussing some last-minute tax filing tips for those who have not yet submitted their tax returns–namely, why you should file and how you can go about doing it if you’re strapped for
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