As 2011 slowly draws to a close, the IRS wants to remind homeowners that there is still time in the year to take advantage of the tax relief of home energy credits. The Nonbusiness Energy Property Credit is available for homeowners who have installed or are installing energy efficiency improvements to their home before the close of the year. Installations such as new windows, insulation and furnaces can help qualify
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College can be costly. Fortunately there is help in the form of tax relief for many students. As the economy struggles, and unemployment hovers around 9%, many people are turning to school as a chance to improve skills to get the jobs that are available. Laura Saunders of the Wall Street Journal offers great advice to students, young and old, who are in need of serious tax relief in her
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A recent press release cites the contribution I made to an article written by Tax Analysts Document Service, Tax Debt Representation Industry Continues to Act in the Shadows. The article was about the criticism lodged against the tax negotiation-resolution industry. In this article, I was quoted as an ethical industry expert, responding to the Federal Trade Commission’s (FTC) incorrect “one-size-fits-all” approach to regulations.
Certainly, there are some firms, whose questionable business practices
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More people owe IRS back taxes today than ever before due to the economic conditions facing the country.  This long extended recession has resulted in millions losing their jobs and being unable to find suitable employment to generate a paycheck. To make up for this, many families are using their savings and 401k accounts to live on and incurring penalties as a result.
With poor economic conditions persisting for so long
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These are challenging financial times for many people. What makes this economic recession so unique is that it has gone on for so long and transcended so many income levels. In it’s wake, it has left an increasing number of consumers more financially vulnerable than ever before. These tax distressed individuals, fearful and often not sure what to do have avoided delinquent tax issues and are finding themselves on the
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IRS wage garnishments are very serious. They can be financially disabling to taxpayers and consumers. If you have a wage garnishment, it will stay in place until the IRS is fully paid all money owed or until they agree to release or amend the garnishment.
For more information on wage garnishments and how you can get help, read our IRS Wage Garnishments FAQs.
Find more daily tax tips on 365 Ways to
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I contributed to a recent article written by Tax Analysts Document Service regarding the unscrupulous practices of some tax negotiation-resolution firms (the article was called Tax Debt Representation Industry Continues to Operate in the Shadows).  I talked about the reality that some tax resolution firms  have negatively affected not only vulnerable taxpayers but also damaged the reputation of the viable tax debt representation industry and set the Federal Trade Commission
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I am so honored to announce that this is the second year in a row that Tax Resolution Services, Co. has ranked on the Inc. Magazine’s 500|5000 list as one of the fastest growing private companies in America.
TRS ranked No. 1,467 out of 5,000 company profiles for our significant accomplishments as a tax resolution firm. Our position on the list was based on the company’s three-year sales growth of 191%.
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One week filing extensions have been granted to taxpayers whose tax preparers have been affected by Hurricane Irene. The extensions granted by the IRS will give tax payers and their preparers some much needed tax relief after the disaster.
Returns normally due by September 15 will be granted extension until September 22, 2011. This relief is available to taxpayers regardless of their location but does not apply to any tax payment
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Today’s Tax Resolution Tip:
If you’ve taken the first step in resolving your unsettled back taxes you have admitted you have a tax problem and need tax help. But where to go for help? There are many firms and individuals claiming to resolve your tax problems forever. However, you need to make sure any tax assistance you seek is relevant to your individual tax problem.
If you are considering hiring a Certified
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Today’s Tax Resolution Tip:
You may be surprised to hear that back taxes owed have an expiration date. That’s right, the IRS, by law, has 10 years from the date of assessment to finish collection of back taxes, which is referred to as the “Expiration of Back Taxes: Statute of Limitations on IRS Collections.”  This means that after 10 years, if the IRS have not collected back taxes owed, they can
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The IRS newsletter Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt published a few weeks back, alerted Americans seeking tax debt relief there are ten options available to pay off their outstanding tax debt. These new IRS programs and policies are an effort to get delinquent taxpayers to avoid additional fines penalties or tax liens by making easy payment methods available such as a
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With talk of debt ceilings and government budgets swirling around the news it is no wonder why tax relief deductions are a huge topic of controversy.  Tax deductions will cost the government $3 trillion in lost tax revenues between 2010 and 2014 (read the blog here) and now a closer look at current taxpayer trends by the Tax Policy Center states that almost half of Americans do not have to
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Tax Problems Affect 1 out of 6 Americans – If You Need Tax Help, You’re Not Alone!
1 in 6 Americans has a tax problem; that’s approximately 26 million people! In this video, shot at Tax Resolution Services headquarters, I talk about how terrifying IRS tax stress can be and how scared people are with their overwhelming tax problems. I see this happening in my practice every day. The IRS is
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This month I came across a couple of interesting articles from my StumbleUpon I wanted to share with you. Here is a recap of tax news covering topics on all things tax, from news on Innocent Spouse relief, giving to charity, tax scams and more celebrities tax problems.
IRS does ‘the right thing’ for the ‘innocent spouse’ – Michelle Singletary discusses the IRS and their decision to remove the two-year limitation
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