Every year after the tax day, clients inquire as to what tax documents they need to keep and for how long. Last tax season I wrote a blog post on the subject, inspired by a Forbes article by Tax Girl, Kelly Phillips Erb titled: “How Long Should You Keep Records after Tax Day?” I thought the information would be helpful for those who may be wondering what documents to hold
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Government investigators reported that the Internal Revenue Service has recouped more than $5.5 billion for the voluntary disclosure programs. NPR sites an Associated Press article titled: Tax Cheats Pony Up $5.5 Billion in Amnesty Program highlights a Government Accountability Office (GAO) report that shows how through these programs the IRS was able to get people to come forward to report their offshore bank accounts and assets in exchange for reduced
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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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Happy Friday! Countdown to tax day: 4 days
Last minute tax filers take note: the most common reasons for refund delays are because of preventable mistakes on the tax return. I thought information from this previous post and interview archive from the Midday Sunday Fox 11 with host Tony Valdez program could provide some help for those still scrambling to finish their tax returns. The trick to avoiding errors on your
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I came across an interesting Fiscal Times article titled: “High Income, No Taxes: How Big Money Beats the IRS“. The article highlights an IRS report written by economist Justin Bryan that provides comprehensive data on the number of taxpayers who make more than $200,000 and pay zero income taxes.
The report contains detailed data and summary data for the period 1977 to 2008 as well as charts and graphs of almost 4
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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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Some of you may still be deciding whether to hire a tax professional or purchase tax preparation software. In this informative video, (one part of a series that came from my appearance on the Midday Sunday Fox 11 with host Tony Valdez program), I offer the following tax help tips:

When tax preparation software works
Know when it’s time to hire a tax professional
When it’s time to hire a tax resolution specialist

(Below
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This episode of my national network television show, TaxMan gives consumers further insight into my professional history beginning with my education, employment and qualifications. It’s because of these experiences and desire to help people resolve their tax problems that I took on a new business venture in a relatively small industry and named it Tax Resolution Services, Co. (TRS).  (*Below the video are the main details of my story).

Education
I
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An article by Forbes titled “11 Changes You Must Know Before Filing Your Tax Return for 2012” reminds us that the recent changes to the tax code could affect many of us and our wallets this tax season. Here are eleven important changes that the article highlights:

Payroll Tax Credit for Self-Employed Taxpayers
W-2 Forms Changed This Year Due to the Affordable Care Act (ACA)
2010 Roth Conversions May Be Subject to Tax
Tax
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Client Mike’s case is a good example of when bad things happen to good people. Before he contacted Tax Resolution Services, Co., (TRS), Mike’s financial troubles included a massive tax bill assessed at over $100 thousand dollars. In a recent episode of the national network television show, TaxMan, I interviewed Mike several years after he first came to TRS for help with his IRS issues. Mike is a nice, honest
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On February 3, 2013, the 16th Amendment to the Constitution authorizing the federal income tax turned 100. The 16th Amendment has certainly had its share of controversy, especially in its early years. A Forbes article titled, “Guess Who Turned 100 This Weekend?“ highlights the history and tumultuous beginning of our tax system. Here are some of the interesting facts Forbes presents:
The Federal Income Tax is Born
On February 3, 1913, Delaware became
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Last week I was quoted in The Fiscal Times article “Tax Hell: New Laws, New Reasons to Hire an Expert” by Steve Yoder. The article mentions Taxpayer Advocate, Nina Olson’s recent report to Congress that is critical of the burden the current tax system places on taxpayers, specifically on tax return preparation. Olson laments that the tax code is so complex, its burden essentially “requires” taxpayers to use their own
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Happy Friday! Here are the top tax and tax relief topics reported in this weeks news:

Qualified Tax Resolution Representation
I wrote a post this week highlighting the need for consumers to hire qualified tax representation after reading a Forbes article titled: “Representation before IRS.” I agree with author Stephen J. Dunn assertions that not all tax professionals are qualified to handle tax controversies going before the IRS. Taxpayers needing help
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Kevin G. Attar, 51, of Hampstead, New Hampshire, was sentenced to eight months in federal prison and fined $30,000 after pleading guilty to two counts of tax evasion.
Attar was the only shareholder of Surge Industries Inc., an employee services company, a subchapter S corporation, from 1989 until March 2004, at which time he sold two-thirds of the business.
During an IRS audit, investigators found that for tax years 2003 and 2004,
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Now that the “fiscal cliff” crisis has been averted and the dust is settling, we see that taxes for most Americans are going up. The wealthy 2% will see their tax rates increase and the other 98% will see their taxes rise because the payroll tax cut just ended.
A CNN Money article titled: “How Much More Will You Pay” provides a useful chart from the Tax Policy Center showing how
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