It is always a pleasure to be able to speak to others about the work I do as a tax resolution expert.
I recently had the unique opportunity to be interviewed by Opportunist Magazine’s Managing Editor, Leslie Stone for her article Talking With the Tax Expert-Michael Rozbruch.  She asked about the business of tax resolution, a subject of which I am WELL informed. The questions ranged from how my early business
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I hope everyone had a great Thanksgiving.  With the holidays upon us, our attention shifts to spending more quality time with family and friends. As you take time off at the end of the year, it can be a great opportunity to do a little preparing for the new tax season just around the corner. The first order of business should be to protect your important documents by completing the
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The IRS revealed last week a new program where business owners, particularly those that own small businesses, need to reclassify contractors as employees and make a small payment to cover past payroll taxes. The article Price of Reclassifying Workers, written by Sarah E. Needleman and Emily Maltby comes after an ultimatum by the IRS for small businesses (which tend to have less staff and a looser structure): raise operating costs
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Today’s Tax Resolution Tip:
Once you file your yearly tax return, you might be tempted to get rid of all the receipts, forms, calculations and documentation lying around on your living room floor or home office. However, it is important you keep your tax documents for each tax return for at least 7 years. Copies of your tax return should be kept indefinitely.
Your tax returns do not disappear once you file them.
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Being audited by the IRS can be a scary and stressful situation. Whether you are being audited for tax problems from investment mishaps, offshore accounts or any other reason, it is important to make sure a tax professional is there to make your audit goes as smoothly as possible. Karen E. Klein of the LA Times offers great advice to a reader about to be audited:
Karen: You answered a question
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I recently came across a post on The Global Resolution from the Thorn Law Group. The Global Resolution is the agreement the U.S. government and European banks are currently working on in a continued effort to put a stop to offshore tax evasion.
How will it work:
1) Any foreign bank under U.S. investigation will pay a fine to the government
2) Said bank will disclose U.S. client names to the government
3) U.S. government
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Michael Jackson’s former manager is facing some major IRS tax problems. Raymone Bain was charged on two counts of failure to file tax returns from 2006 – 2008 despite large earnings from working for the star as his general manager and spokeswoman during that period.
Bain pleaded guilty on Wednesday, June 22 for failing to file both federal and District of Colombia returns.  She is scheduled for sentencing on August 13,
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Today’s Tax Resolution Tip:
Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!
While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction
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Jan Van Dusen, a volunteer for a cat rescue program, recently went to battle with Tax Court to deduct expenses for the care of some 70 plus cats. The article Stray Cat Strut: Woman Beats IRS published in the Wall Street Journal outlines how Ms. Van Dusen won her case against the tax court in her argument for the deduction for over $12,000 in bills accumulated for the care of
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Today’s Tax Resolution Tip:
If you are a home-based business owner, here’s a tax tip that is particularly relevant to you. Tracking your expenses is essential, especially if you are audited by the IRS. Save at least one copy of each and every transaction and/or deduction as proof in case of audit.
Visit our audit FAQ page for more information on IRS tax audits, including how to avoid them and survive an IRS
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As we all know by now, the IRS has increased its level of scrutiny of tax payers and audits are increasing. Lara Saunders (Wall Street Journal) wrote an article called Rich Are Targeted in IRS Audit Offensive addressing how the wealthy are being audited at a rate double or triple what was seen in the previous decade.
According to Saunder’s article the wealthiest Americans are being targeted increasingly by the IRS
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Tax Day has come and gone.  Now what do you do with all those files of documents you used to prepare your return? Payroll information, business expenses, and various other documents take up vast amounts of space in the typical small business file cabinet. Do we really need to keep it all? And for how long?
I was recently interviewed by Christopher Null, who explored these questions on Intuit’s Small Business
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Check out this week’s edition of Tax Help News Round Up – bringing you news for anything and everything tax! At Tax Resolution Services, Co. we offer expert tax help not only by fighting on your behalf to settle back taxes and resolve any IRS debt, but we strive to educate consumers on tax news and developments to be aware of. The tax world is not stagnant – just because
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The IRS, while a fierce and aggressive  agency, does not discriminate. Whether you’re rich or poor, young or old, male or female, if you owe them money, they will come after you regardless of your current financial standing. I recently blogged about that in regards to a Survey Revealing Tax Cheats to be Young, Single and Male.
Now CNNMoney.com reports the IRS is paying particular attention to millionaires – and cracking down
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Today’s Tax Resolution Tip:

Check your mail! The IRS will send you the occasional letter. Make sure you open all letters from them! If it happens to be unpleasant news (such as an audit letter), the location of your audit is a good indicator of how severe that audit could be. The IRS can audit you by mail, in their offices, or in your home.
For more information on IRS tax audits, what
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