Posts Tagged ‘Installment Agreement’

Tax Expert on Finding a Qualified Tax Resolution Specialist

Monday, April 22nd, 2013

Just because the April 15 tax deadline passed doesn’t mean people who owe back taxes should stand idly by. It’s time to “man up” to the challenge and resolve your IRS tax issues with the help of an expert tax resolution professional. But who do you choose? On a video episode from the Midday Sunday Fox 11 with host Tony Valdez program, I explain how the tax resolution industry has
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Tax Tips for Taxpayers Who Missed the April 15 Deadline

Tuesday, April 16th, 2013

It’s the day after tax day and for those taxpayers who don’t intend on filing a tax return, you may want to reconsider. Not filing means you will be facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in jail. In fact, IRS penalties are more severe for non-filing than for non-payment. If it sounds
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IRS Question: How Do I Pay Off Tax Debt?

Tuesday, April 16th, 2013

Michael Rozbruch, certified Tax Resolution Specialist, answers a question about settling back taxes:
Question: Do I have the choice between the Offer in Compromise and the Installment Agreement when working with the IRS to settle my tax debt? And which one is better?

Answer: Great questions! The short answer for both is that each is intended for consumers in different positions, so the decision of whether to pursue an Offer in
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How to Avoid IRS Audit Triggers

Tuesday, April 9th, 2013

IRS audits process are often a random selection. However, there are some triggers that can set the audit wheels in motion and bring on further examination and the possibility of paying more to the tax man. An MSN article titled: “What triggers an IRS audit?“ shines some light on how the IRS selects returns for audit and the criteria that sets these returns apart from the rest.

Audits on the Rise
The
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Tax Expert Gives Tips on Filing and Tax Payments

Thursday, April 4th, 2013

During my interview last tax season on the Midday Sunday Fox 11 with host Tony Valdez program, Mr. Valdez posed a scenario that many today may be facing: they have finished preparing their taxes, but don’t have the money to pay them. What should they do? This is a common question and the good news is that taxpayers with tax debt have options! Below the video, I offer some solutions.

If
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Tax Resolution Services-The Week in Tax Relief News

Friday, March 15th, 2013

Let’s recap the tax relief news we covered this week. Featured topics were: eliminating joint filing to help innocent spouses, Florida brothers sentenced for tax evasion, ways to pay your back taxes, IRS tax scams and schemes to avoid, and the Southland Better Business Bureau (BBB) LA Chapter gets expelled for “pay to play” practices.
Joint Tax Filing Thought to Help Innocent Spouses
I wrote a post titled Eliminating Joint Tax Filing
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IRS Question: How Do I Pay Off My Back Taxes?

Tuesday, March 12th, 2013

Question: I need to do my taxes for 2012, and I just don’t know what to do! I owe back taxes already, and I don’t think I can pay them. Now, this year, I’m sure I’ll just add to that tax debt. I don’t see how I can get out from under it. What options do I have?

Answer: Your situation is a tough one, but you’re asking the
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Top Ten Ways to Get Tax Help from IRS.gov

Tuesday, February 19th, 2013

The IRS has made getting tax help 24 hours a day/7 days a week on IRS.gov easier than ever before. They have done this by re-designing their website to make it more user-friendly for both consumers and tax professionals. Here are the top ten reasons to visit the IRS.gov website:

Get 24/7 Access — for Free. IRS.gov has tax forms and answers when you need them – day or night. The Interactive
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IRS Tax Enforcement Described As Harsh

Monday, February 4th, 2013

IRS tax enforcement is described as harsh but the criticism highlights the need to have a qualified tax professional at your side.

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There’s more pressure than ever on the Internal Revenue Service to increase tax collections.
That’s because the sluggish economy, which has depressed wages and tax revenue, and the ballooning national debt have combined to make tax collections even more urgent.
The IRS has responded to this pressure by increasing enforcement
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TaxMan Episode Defines Installment Agreement Process

Friday, January 11th, 2013

The New Year is a great time to get a fresh start with financial issues specifically tax debt problems that can only get worse if ignored. I created the national network television show, TaxMan to show folks struggling with IRS debt the entire tax problem resolution process; from soup to nuts.
This episode of TaxMan focuses on the “resolution” phase and introduces a valued member of the Tax Team, Installment Agreement
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Offer in Compromise Changes Show Higher Acceptance Rates

Wednesday, January 9th, 2013

Positive changes to the Offer in Compromise Program (OIC) have resulted in an increase in acceptance rates according to a recent article by the American Institute of Certified Public Accountants (AICPA) outlining the new Offer in Compromise guidelines.
The AICPA article titled: Significant Changes to the Offer in Compromise Program reports these changes to be a result of the expansion of the Fresh Start initiative first announced in 2011 by former
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IRS Offer in Compromise Offers an Option to Resolving Tax Debt

Wednesday, December 26th, 2012

Question: The holidays are here, and I’m in financial trouble. I am stressed out about my tax bill, which is more than I can ever imagine being able to pay off. What can I do?

Answer: I know exactly how you feel, because I’ve had so many clients in the exact same position you’re in right now. The reasons can be different — changes in life circumstances, business failure, health
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Year End Tax Tips for Resolving Tax Debt

Monday, December 17th, 2012

If you owe the IRS back taxes – you are not alone; 1 in 6 Americans has a tax problem. However, avoiding the IRS is a terrible strategy; the longer you wait the more serious and expensive your IRS issue becomes.
So, with a new tax year is approaching, I wanted to remind taxpayers facing tax challenges that there is a solution to every problem; even tax debts over $20 thousand
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Tax Relief Weekly News Round-Up

Friday, November 30th, 2012

The week after Thanksgiving was busy with tax news. Here are some of the topics we reported:
Tax Evasion

Scrap Metal Dealer John W. Hufgard, 59, of Bath, Ohio, was charged with three counts of tax evasion for allegedly evading approximately $397,659 in federal taxes for tax years 2007 through 2009.
John Giannelli Sr., 66, of Danvers, Mass. pleaded guilty to operating an illegal gambling business. The charges and prison sentences Giannelli is
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Got Back Taxes? The IRS Payment Plan or Installment Agreement Can Help

Monday, November 26th, 2012

Question: I’m in a lot of tax trouble and owe more than I could possibly pay to the IRS. But how do I know if the Offer in Compromise or the Installment Agreement is right for me? I am so lost.

Answer: This is a great question, and the fact that you’ve come here to get an answer suggests you’ve taken the first step toward eliminating your tax troubles.
Whether the
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