Posts Tagged ‘federal deficit’

IRS to Hire 800 New Agents as Obama Declares War on Multi-National Corporations and Offshore Tax Shelters

Monday, May 4th, 2009

President Obama announced an overhaul of the tax code to “detect and pursue” U.S tax evaders and go after their offshore tax shelters.
The President’s two-part plan calls for nearly 800 new IRS agents to enforce the U.S. tax code – and help wage war against multi-national corps and their offshore tax havens.
Under the current tax code, companies with operations overseas pay U.S. taxes only if they bring the profits back
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Tags: federal deficit, increased IRS enforcement, IRS bank levy, IRS levies, irs problems, obama tax plan, offshore tax shelters, overseas tax benefits, Payroll Taxes, tax attorney, tax cheat, tax evasion, tax expert, tax fraud, tax gap, tax havens, tax help, tax resolution, tax resolution expert, tax resolution services, ways levy
Posted in Tax news and tips | 5 Comments »

Small Business Beware – Expect Greater IRS Enforcement as the Agency Cracks Down on Income and Payroll Tax Problems

Wednesday, April 1st, 2009

I recently blogged about the federal budget forecast for a $1.8 trillion deficit. There is close to a $400 billion tax gap each year. This means that taxpayers paid $400 billion less than they should have. Collecting these funds through more aggressive collection tactics by the IRS will be politically more appealing than raising taxes – so taxpayers beware!
Closing the tax gap will require greater IRS enforcement for individuals as
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Tags: Back Taxes, federal deficit, IRS enforcement, IRS levies, Michael Rozbruch, Payroll Tax Problems, small business, small business tax help, small business tax problems, small business taxes, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Tax news and tips | 3 Comments »