Posts Tagged ‘income tax relief’

Can’t Afford to Pay Your Taxes? Need Help Claiming the Tax Refunds You’re Entitled to?

Monday, July 27th, 2009

In the current economy, tax problems can confound anyone–especially if your spouse suddenly lost his/her job or if you default on a loan.  I recently had the pleasure of sitting down with Drew on the Money, Riches, and Wealth Radio Show to answer tax problem questions from regular taxpayers who may not be able to afford tax lawyers. Read on for information regarding paying the government taxes you owe and
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Ask the Tax Resolution Expert: Back Taxes from Discharged Credit Card Debt

Friday, July 10th, 2009

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?  Call our office at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
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QUESTION: We were sent an amended form from the IRS for our 2007 taxes.  An old credit card debt.. they submitted a 1099
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IRS Tax Debt Relief News - Understanding the Tax Resolution Process and New Tax Law That Could Affect You

Thursday, July 2nd, 2009

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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Evading Taxes on Your Tax Return - The Money You Save is Not Worth the IRS Problems You End Up Causing Yourself

Tuesday, June 30th, 2009

In economic times when people are strapped for cash, it is tempting to cut corners when filing taxes in order to save some of your disposable income. After all, small tax savings from many different areas can add up to a substantial amount of money. However, no matter how tempting tax evasion may seem - whether it is small or large in sum - it is a terrible financial strategy
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What to Expect When Resolving Your Tax Debt: Road Map to Tax Resolution

Tuesday, June 23rd, 2009

When our clients retain our tax help services, the first thing they often want to know is how their life will change and when they can expect these changes to happen. Upon retaining our firm to resolve your tax debt, some of the relief will be instant and some will be over time. Remember that IRS problems don’t start overnight and consequently they can take some time to resolve.
To help
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Tax Help for Those “Guilty Till Proven Innocent”: Learn How New Tax Laws and IRS Enforcement Initiatives Could Affect You

Friday, June 19th, 2009

In an effort to curtail corporate financial irresponsibility, the Obama administration has been working fervently to control white-collar tax cheats. The media has successfully portrayed the businesses that have overseas bank accounts as “suspicious” and potentially guilty of tax evasion.  In 2001, there was a $345 billion tax gap–most of which can be accounted for by the underground economy of tax evaders who have strategically utilized foreign tax havens and
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How to Qualify For Innocent Spouse Relief to Resolve Your IRS Problems

Tuesday, June 16th, 2009

It is extremely important for both parties entering into a marriage to understand the joint financial liabilities that come with matrimony. If someone enters into a marriage without fully knowing the extent of his/her partner’s financial situation with the IRS, he/she may find that IRS debt will apply to both persons in the marriage. During my talk with TJ McCormack last month on LA Talk Radio, we discussed the repercussions
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Learn How to File For Bankruptcy Correctly to Help Solve Tax Problems and Reduce IRS Debt

Thursday, June 11th, 2009

In the current economy with people losing their jobs left and right, the one word we have not heard as frequently as “recession” is “bankruptcy.” There are more mentions of foreclosures in the aftermath of the credit crash than mentions of people filing for personal bankruptcies. When I was on the LA Talk Radio with TJ McCormack last month, we chatted about the possible boons of filing for bankruptcy and
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Income Tax Relief for Taxpayers: Reduce Your IRS Debt by Qualifying for Offer in Compromise

Tuesday, June 9th, 2009

The IRS is the worst institution for taxpayers to owe money to. And no one should take comfort in knowing that the IRS clerks working for $9.75-$10.25 an hour have people’s financial fates in their hands, and by them flipping a switch, can generate a tax lien notice or a levy notice to any bank or employer. When I was on the LA Talk Radio show with TJ McCormack
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General Motors Pending Bankruptcy - Tax Help Available for GM and Chrysler Employees with IRS Debt

Thursday, May 28th, 2009

The General Motors bankruptcy may become an unthinkable reality as the company faces a Monday deadline to prove its financial viability to the federal government. The looming bankruptcy could financially cripple the community of Flint, Michigan, where GM is based.
If the company files Chapter 11, the region will be have to weather plant closings and massive layoffs. The consequences of the company’s pending bankruptcy are very complex,  and will affect
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Tax Resolution Services Founder Michael Rozbruch Featured in List of Top 40 Tax Advisors to Know During a Recession

Thursday, May 21st, 2009

I was just featured in CPA Magazine as one of the top 40 CPAs in the nation!
I’m really honored as I take my job very personally and it’s really great to be recognized for my work as a Certified Tax Resolution Specialist. Since 1998, I’ve helped clients with IRS problems save in excess of $40 million.
Check out the April/May 2009 issue of CPA Magazine to read about the Top
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Tax Compromise Improvement Act Helps Struggling Taxpayers Enter into Offer in Compromise Agreements with IRS

Monday, May 18th, 2009

Great news for troubled taxpayers! New legislation has been introduced to end Offer in Compromise down payments and make it easier for recession burdened taxpayers to enter into a tax settlement with the IRS.
Qualifying for the Offer in Compromise program can save taxpayers thousands of dollars in taxes, penalties and interest. Negotiating a compromise on your back tax deb is the closest thing to “amnesty” that the federal government offers
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“Green Book” Explains Plans for Income Tax Relief and Proposed Tax Provisions That Are Expected to Yield $900 Billion to Treasury Over 10 Years

Monday, May 18th, 2009

The Treasury Department released its “General Explanations of the Administration’s Fiscal Year 2010 Revenue Proposals,” including greater detail on the Obama administration’s proposed tax provisions, plans for tax relief,  and efforts to boost IRS enforcement budgets. The “Green Book” also explains tax rate increases, measures to close loopeholes in the tax code, and broad international tax changes,  that would collectively bring in over $900 billion of tax revenue over
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Voluntary Disclosure Offers Income Tax Relief and Chance to Avoid Criminal Prosecution to Off Shore Account Holders

Thursday, May 14th, 2009

The IRS has announced a six-month Voluntary Disclosure program that offers lower penalties to those who come forward and pay taxes due on the secret holdings in offshore accounts. Until now, the IRS could impose penalties of at least 50% for all years in which an account wasn’t disclosed. In some cases, that could exceed the value of the offshore holdings.
The announcement comes amid a U.S. legal battle to
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Obama Proposes Doubling Tax Law Enforcement Budget and Seeks $400 Million Funding Boost for IRS Enforcement Activities

Friday, May 8th, 2009

Obama proposed nearly doubling funds to enforce tax compliance and has asked Congress for a $400 million boost for IRS enforcement activities in fiscal year 2010, to support its goal of cracking down on offshore tax dodgers.
The additional $400 million is an increase of about 8% that would bring the total IRS enforcement budget to around $5.5 billion for FY 2010. By doubling the tax law enforcement budget, the White
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