Posts Tagged ‘delinquent taxes’

Tax Resolution Expert Defines Delinquent Tax Trap

Monday, April 15th, 2013

Tax Day is here! For those of you who have filed already: Congratulations! However, there are still many taxpayers who didn’t file because they owe back taxes and don’t have the funds to pay their tax debt. Very often these folks fall into what I call the delinquent tax return trap. On a video episode from the Midday Sunday Fox 11 with host Tony Valdez program, I explained how many
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Tax Problems Created by IRS Art Advisory Panel

Monday, July 23rd, 2012

Usually, most taxpayers make mistakes by overstepping tax law boundaries. However, the IRS is not above making mistakes too, and can create tax problems and disputes as a result. When this happens, we stop and take notice. An article by Janet Novack of Forbes The IRS Art Advisory Panel Has Its Head In the Clouds reports on one such noticeable case; the strange and bizarre tax dispute between the IRS,
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TaxMan Video Explains New Offer in Compromise

Friday, June 15th, 2012

The recent IRS announcement to the Offer in Compromise Program (OIC) has been some of the most sweeping, liberal, flexible changes in taxation history. This is BIG news! So big in fact, as part of our National Network Television show, TaxMan, I decided to add a video that outlined the new changes and how they can help consumers resolve their tax problems.  Below the video, I have outlined new OIC
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For Taxpayers in Debt: IRS Offering Better Terms

Monday, June 4th, 2012

Since U.S. taxpayers are struggling in a dismal economy, the Internal Revenue Service is now offering more favorable terms for indebted taxpayers to participate in the Offer in Compromise program.
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Let’s call him Bill.
He arrived at my office on a rainy day last year, and the weather seemed fitting. Bill’s finances were a wet mess, and he owed a substantial amount of money in back taxes to the Internal Revenue Service.
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Tax Resolution After Receiving IRS Audit

Tuesday, May 29th, 2012

For over fourteen years, my firm, Tax Resolution Services, Inc., has provided tax relief services to great people who were badly in need of tax help.
In the latest Tax Man episode, I sit down with a Tax Resolution Services client, Dan R to ask him how he reacted after receiving his first IRS audit notification in the mail.

Dan was overwhelmed because he didn’t know what to do and were to
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New Changes to Offer in Compromise – More Flexibility

Thursday, May 24th, 2012

The IRS announced this week it changed some of the rules that govern the Offer in Compromise (OIC) program – more flexibility meaning more folks can qualify.  An article in Reuters entitled IRS Widens Taxpayer Debt Forgiveness Program and in Accounting Today entitled IRS Makes Offer in Compromise Program More Flexible outline these changes aimed at giving more American taxpayers flexibility to repay their tax debt as part of the
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IRS Payroll Tax Problems Claim Alabama Town

Monday, May 7th, 2012

Small business is no stranger to payroll tax problems, but when a city becomes a victim, it makes headlines. An article from WTOK.com Channel 11 entitled IRS Says York Failed to Make Payroll Tax Payments reported that a representative from the Internal Revenue Service traveled to York, Alabama to meet with city officials to discuss their specific tax issue: unpaid payroll taxes.
It appears that the city administrator, Tim Sweezey and
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Sales Tax Issues-Amazon & Texas Face Off

Wednesday, May 2nd, 2012

A recent blog post mentioned an article I wrote entitled “The E-Commerce Conundrum: Taxing Virtual Businesses and Their Investors and the Law”. In that article, I discuss at length the tax issues e-commerce and virtual business face, specifically tax pressures from state governments interested in capturing sales taxes from them. Well, this week the Houston Business Journal featured an article Amazon, Texas comptroller negotiating sales tax deal that demonstrates how
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Tax Relief Weekly News Round-Up

Friday, April 27th, 2012

Happy Friday! The common theme in last week’s news was aimed at giving tax relief advice to those who did not make the tax filing deadline of April 17.
Here are some of the highlights:

The IRS just released a video entitled Employee or Independent Contractor? aimed at getting employers to properly classify their workers as either an employee or independent contractor. Improper classification can result in steep IRS penalties but many
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IRS Loses Tax Shelter Case & Billion in Revenue

Thursday, April 26th, 2012

News agencies were abuzz about Wednesday’s Supreme Court decision stating the IRS could not use the extended, six-year statute of limitations to collect unpaid taxes from a business, Home Concrete & Supply, LLC in a tax shelter case. Robert Wood of Forbes in his article HUGE Taxpayer Win: Supreme Court Tells IRS 3 Years to Audit Is PLENTY! believes the historic decision regarding this tax shelter case will have a
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Tax Resolution Services Offers Returning Veterans Free Tax Advice

Wednesday, April 18th, 2012

As a member of the American Society of Tax Problem Solvers (ASTPS) Returning Combat Veterans Program, Tax Resolution Services is honored to offer free tax services for to military personnel returning from combat duty facing IRS problems and in need expert tax relief.
According to a USA Today article released yesterday entitled Troops owe IRS $390 million, some military men and women are finding themselves exiting a war zone to come
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Proposed Law Could Revoke Passport for Tax Debt

Wednesday, April 18th, 2012

If another tax day has passed you by without resolving your IRS tax issues, take note. There is current legislation making its way through the Senate that aims to revoke your passport privileges if you have significant tax debt. I wrote a previous blog post on the bills introduction but a recent article in msn.com entitled “In the hole to Uncle Sam? Bill aims to strip your passport” reports on
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Tax Expert Gives Tax Filing Info on Fox News

Tuesday, April 17th, 2012

As tax day April 17 is coming to a close, some may be wondering if they should file or even if they need to. During my recent interview on Midday Sunday Fox 11 with host Tony Valdez program, Tony inquired about how people don’t file their taxes and become tax delinquent. I explained that at Tax Resolution Services, Co., we work with a lot of non-filers with the average client
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Tax Expert Discusses Tax Debt Payment Options

Tuesday, April 17th, 2012

Countdown to tax day: 0 – Today is Tax Day!
If you owe money to the IRS, and are short on cash, you have options. Yesterday, Fox Business cited a creditcards.com article Pros and Cons of Paying Taxes with a Credit Card in which I made a contribution regarding tax debt financing. In a previous blog post about this topic, I compared the costs of using a credit card versus the
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Tax Man Explains IRS on Big Biz Show

Wednesday, April 11th, 2012

Countdown to Tax Day: 6 Days
On a recent episode of the Big Biz Show, we discussed the creation of the Tax Man TV show on Biz Television that morphed out of yours truly giving tax advice as a guest on the Big Biz Show for five years.
The Tax Man Show combines my 30 plus years in the tax business including running Tax Resolution Services, Co. for 15, to gives taxpayers
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