Whether or not you are legally obligated to report tip as income has been somewhat of a fuzzy area (especially cash tips!). Skimping on reporting your full tip (100% of your tip retained) is considered deliberately underreporting income and may be subject to severe IRS audits and penalties.
If you made more than $20 in tips in any one month, you will have to report the full amount of the tip
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Losing the battle with an IRS tax audit can cripple your financial welfare for life. It is extremely helpful (and oftentimes crucial) to seek the professional help of a tax attorney in order to safeguard your financial future.
For those who are unsure whether they want to hire a tax lawyer, there are some helpful “Do’s” and “Don’ts” until you make a final decision on whether or not to seek professional
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This year, Tax Resolution Services has been busier than the last few years. We have seen 30% more clients that are small businesses, sole proprietorship, and independent contractors who all gross less than $2 million; some with payroll problems and delinquent business tax problems. Payroll tax problems such as delinquent payroll tax deposits can result in severe IRS penalties, so it is important to stay informed and seek help when
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As part of recent efforts to collect unpaid taxes, the Senate Finance Committee has held a confirmation hearing on July 14 to consider the nomination of William Wilkins to be IRS Chief Counsel. Wilkins is expected to spearhead IRS efforts to close the $345 billion a year tax gap.
In this recession, the government feels more hard-pressed than ever to collect unpaid tax revenue in order to fund economically beneficial projects
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Principles and ideals of equal rights aside, the IRS will not allow you to file a joint tax return if your marital status is not legally recognized by the state in which you reside. Some same-sex marriage proponents have been refusing to file individual tax returns as an act of civil disobedience. However, the current climate is that the IRS only accepts joint returns from people whose marriages are legalized
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If you receive income but file a zero tax return for that year, you will be liable for IRS tax penalties for tax deficiency.
In addition, if you argue that you are (for unqualified reasons) exempt from income tax, you will be charged with the frivolous position penalty in addition to the IRS tax penalties that you would incur from unpaid taxes.
CCH (http://tax.cchgroup.com) reports:
Individual Subject to Tax on Income, Additions to
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In an effort to more aggressively pursue tax evaders who hide assets in overseas accounts, the US Department of Justice, UBS AG (Swiss Bank), and the Swiss government are working together to reveal the identities of US depositors who use secret offshore accounts.
In order to aid Obama’s latest efforts to bring out tax cheats who take advantage of offshore tax havens, the government of Switzerland filed a brief in the
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The Offer in Compromise (OIC) application process has been a challenging and burdensome process for many applicants. The privilege of being approved for a OIC closely resembles receiving amnesty from the IRS; you can save thousands of dollars in back taxes, IRS tax penalties and interest.
Recently, the IRS unveiled a simplified version of the OIC application form by splitting the original form into two parts: Form 656 and Form 656-B
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Tax problems can get confusing and overwhelming. As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask
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The IRS considers the assistance of filing false tax returns a severely criminal and punishable act. The IRS is able to utilize charts and summary data of national tax return statistics to determine the “normalcy” of a tax return. If your tax return is substantially higher than the national average, you will be a likely suspect for the IRS to investigate. If found guilty, you will be penalized by
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Check out our latest TRS IRS tax help newsletter for tax tips, IRS insider news, and income tax relief advice.
Many of our clients who retain our tax help services are interested in knowing how their life will change and when they can expect these changes to happen. In our Roadmap to Tax Resolution, we help you undertsand the process leading up to your IRS resolution - from the Free Consultation
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As a tax resolution specialist, I help individuals and businesses resolve tax problems every day - and I can help you get the help you need to solve your IRS problems!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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Question: I am in the middle of
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Join me and KFI radio host Bill Handel on Saturday for Law Day 2009 at Whittier Law School. This event is FREE and open to the public!
Law Day at Whittier Law School (3333 Harbor Blvd., Costa Mesa, CA)
Saturday, May 30,  2009 /9:00am to 2:00pm
Bill Handel will be on hand to give you marginal legal advice during a LIVE taping of his show Handel on the Law. There will also be
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I was recently the guest tax expert on the BigBiz Show with Russ and Sully earlier this month. I love these guys - they’re hilarious. Plus, I found out that I’m apparently the only guest they’ve had on the show twice!  Listen to the full interview or catch some of the highlights below.
Last time I was on the BigBiz Show, we talked about what people can do if they are
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If you can’t afford your tax bill this year, know that the IRS offers payment options for struggling taxpayers.
While individuals are urged to file their tax returns and and pay any taxes owed by April 15, the agency is aware that the economic downturn has made this difficult for many people.

Taxpayers who do not file their tax returns by the April 15 deadline may be subject to a failure-to-file penalty.
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