The U.S. Treasury Department announced this week a proposal for new regulations intended to make it easier for overseas banks to comply with Foreign Account Tax Compliance Act, or FATCA requirements.
An article in Reuters U.S. enlists 5 EU nations in offshore tax crackdown explains these proposals as the U.S. Government not only addressing concerns of foreign financial institutions regarding the Foreign Account Tax Compliance Act, or FATCA, but also the
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Question:
I have several years of unfiled tax returns and owe around $25 thousand dollars in back taxes to the IRS for my small business. I know I need to take care of this huge burden but I’m overwhelmed, what help is out there get me out of this mess?
Answer:
First, addressing your IRS tax issues right now is the first step towards finding the tax relief you need. There is a
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It is always a pleasure to be able to speak to others about the work I do as a tax resolution expert.
I recently had the unique opportunity to be interviewed by Opportunist Magazine’s Managing Editor, Leslie Stone for her article Talking With the Tax Expert-Michael Rozbruch.  She asked about the business of tax resolution, a subject of which I am WELL informed. The questions ranged from how my early business
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An article from TMZ titled Lil’ Kim Breaks the Million Dollar Tax Lien Mark reported on rapper Lil Kim and her current $1,026,862.42 IRS tax lien. Lil’ Kim appears to be no stranger to tax troubles as hers are well documented and stretch out over a ten year period. A spokesperson for Lil’ Kim said that she “hired professional attorneys to handle this matter” and that “she, along with her
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With holiday festivities in the past and a new tax season on the horizon, it is important to take a moment before all the preparation to give your appreciation to the IRS. Yes, that’s right; give them thanks for the service they provide. This praise probably sounds strange to the 1-6 Americans with IRS tax problems who don’t feel very thankful facing the most powerful collection agency on the planet.�
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Happy New Year! This year, why not keep on top of your taxes? If you owe IRS back taxes, read on! The IRS has a new tool in tax collection, aimed at better recovering taxes owed from taxpayers. The IRS is now using analytics to:
–collect back taxes
–detect tax fraud schemes
–reduce the number of fraudulent refunds the agency pays out
The IRS has contracted SAS Institute for $6.25 million to use their data
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For those who owe the IRS back taxes, you will want to take note before the new tax year. There is a new tool in the IRS tax collection arsenal poised to better recover unpaid taxes, detect tax fraud schemes, and reduce the number of fraudulent refunds the agency pays out than ever before.  An Information Week article “IRS Uses Analytics to Help Collect Delinquent Taxes”, announced news of the
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In a story straight out of a Hollywood movie, the estate of the late heiress, Huguette Clark has been shrouded in controversy since her death this May at age 104. Not only has her estate been slapped with $50 million in IRS penalties, her trusted financial advisors are facing allegations of tax fraud by the office of the public administrator of New York County. Born in 1906, the youngest child
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Many Americans like preparing their taxes every year; it helps them feel in control of their finances and they don’t want to pay someone else to do it. With a tough economy still lurking and the availability of low-cost often free tax preparation software, many are inclined to cut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a
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The IRS has created its own storm of controversy by going after US Citizens worldwide to collect their taxes. But from the nearly one million American citizens who live and work in Canada, the IRS received a stern message: clarify the regulations for tax compliance. Initially, many law-abiding citizens living abroad who failed to file US tax returns or declare financial holdings were simply unaware that they needed to do
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The IRS is busy scrutinizing the hallowed halls of higher education. A recent article written by Michael McDonald of Bloomberg News, reports on IRS’ stepped up enforcement of non-profit colleges and universities across America to properly report income from all revenue streams. The American academic community is seeing first-hand the strong arm tactics of the IRS including the beloved Harvard University and the hotel it owns overlooking the Charles River.
Universities
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Credit Suisse Group, the second largest bank in Switzerland, announced last Tuesday, November 8 that it was handing over to the IRS the names of offshore bank account holders suspected of tax evasion. Credit Suisse, (the second Swiss bank in the last two years) caved under IRS pressure to collect from financial institutions signifying, quite possibly, the beginning of the end of tax shelters.
Given the aggressive nature of US tax
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We all know that you can’t hide from the IRS; eventually they will find you. The recent effort to find off-shore tax evaders is a good example of IRS fiscal motivation but their reach is large and wide, particularly for those who no longer live within US borders. What many people may not realize is that if you are a US citizen but live and work outside US borders, the
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On his new channel, GBTV, multi-media personality Glenn Beck gives a rousing “thumbs up” to Tax Resolution Services as the best firm in the business to settle back tax issues. Beck, no fan of the IRS and never shy to share his opinion, concludes that the IRS is the most brutal collection agency on the planet. They can shut your business down without a court order.

Glenn Beck’s main points include:

You
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“It felt like you were running with nowhere to run to.”
Our client Robert had a huge tax problem; he owed about $125,000 in back taxes to the IRS and with liens on his bank accounts he turned to Tax Resolution Services for help. The minute he walked in the door of Tax Resolution Services Michael Rozburch and our team immediately began the process of helping to solve Robert’s IRS problems.�
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