Kansas Gov. Kathleen Sebelius, Obama’s pick to head the Department of Health and Human Services, did not pay $7,040 in taxes between 2005 and 2007. She paid the back taxes and penalty after they were identified.
In addition to Sebelius, five other Obama administration nominees have come under fire for unpaid taxes including Tom Daschle and Timothy F. Geithner. Labor secretary Hilda L. Solis  had to answer questions about $6,400 in
[Read More]

Bloomberg News columnist John M. Berry makes some interesting points regarding President Obama’s new task force created to close the tax gap by focusing on closing loopholes, streamlining tax code and generating revenue.
“It may not accomplish much,” he says.
Highlights from the article include:
With April 15 fast approaching, stronger enforcement and a lot more resources for the Internal Revenue Service should head the administration’s to-do list.
The tax code could be undoubtedly
[Read More]

I recently blogged about the new economic stimulus package and how it affects your IRS bill. In addition to funding deficit-reduction activities, the federal government is looking at ways to close the tax gap by taking a closer look at employment tax returns.
According to the most recent estimates, payroll tax mistakes cost the IRS $15 billion - and tax experts agree that today’s figure is much greater! For several years
[Read More]

When I appeared on the Wealth TV’s The Big Biz Show recently, I was asked to share a story about one of the biggest IRS problems we’ve helped resolve. I like sharing stories from our client files, not just to brag about TRS’s high tax help success rate, but more because it helps reinforce my message to people who are in trouble or behind in their taxes: There’s a solution
[Read More]