If you are being accused of failure to file taxes by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it is wise to keep important records that may later help you prove your innocence to the IRS.
Without strong evidence, it is highly unlikely that you will
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On Tuesday Madoff’s long-time accountant, David G. Friehling, pleaded guilty in the criminal investigation of the 20-year “Ponzi Scheme” that lost investors a total of $21.1 billion in cash.
According to the New York Times, “Mr. Friehling also pleaded guilty to three counts of obstructing the administration of the federal tax laws - charges added within the last five days to the government’s original complaint.”
This recent development shines light that may
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Earlier this week, Democrats offered a bill that will strengthen the IRS’s ability to crack down on tax cheats who “hide” their full income by using foreign bank accounts.
Following the latest UBS deal that brought 7,500 Americans forward who had previously concealed their foreign bank accounts from the IRS, this new bill “would impose new reporting requirements on foreign financial institutions doing business in the United States, and on American
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While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.
This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will
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I recently blogged about the Worst Cases of Celebrity Tax Evasion- and the tax resolution lessons we can learn from these high-profile cases to make sure you don’t land in IRS trouble!
I came across another article on FoxNews.com about the Tax Problems of the Stars - which feature both recent headlines and some blasts from the past. Here are some highlights:
Nicholas Cage recently made headlines for his huge tax liabilities
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Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid
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When you get a letter from the IRS demanding money from you, it’s like getting a letter from the mortuary. That’s how Gary felt - he knew that he was about to enter the place that he never wanted to enter. (See his whole story below as captured on The TRS Files.)
Gary knew he had to do something when he got one of those scary IRS letters saying “You owe
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Celebrities, just like average taxpayers, can run into serious IRS problems. You have an edge over the high-profile celebrity tax cheats in that you can learn how to avoid IRS tax problems from the worst celebrity tax evasion cases.
Recently Access Hollywood compiled a list of celebrity tax cheaters who found themselves in deep IRS trouble with Uncle Sam. With thousands of fans and loyal followers, ending up on the
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Back taxes and IRS penalties can add up to an overwhelming amount if not resolved as soon as possible. If you do find yourself in a position where you’re unable to make payments to the IRS because your income is barely covering your living expenses, don’t hesitate to get tax help. Getting started on resolving your tax problems is always better than doing nothing about them.
Even people who have gone
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Are IRS tax problems keeping you up at night? You can choose to resolve your problems today and have it all go away by getting expert tax help from TRS.
We’ve been featuring real life tax relief clients on the TRS Files to help people who are being targeted by the IRS get the help they need to resolve their back taxes and IRS debt. I recently shared the story
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Are you being targeted by the IRS? We know all too well that the IRS is never going to give up or go away, and the stress alone can be overwhelming. But there’s hope if you have tax debt. Check out these true tax resolution stories from actual TRS clients.
We know that IRS tax problems can cause an immense amount of fear and anxiety that keeps you up at night.
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If you owe back taxes, the IRS can make your life miserable by filing a tax lien against you. However, if you don’t have significant assets or available income from which to satisfy an IRS debt in part or in full - you could qualify to have your case placed under uncollectible status - a designation that takes your case out of collection, until you have the ability
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After his comeback fight with Juan Manuel Marquez, Mayweather Jr. agreed to pay the IRS $5.6 million in back taxes before the IRS took it out of his purse.
According to the LA Times, “the IRS sent the Nevada Athletic Commission a levy notice on Sept. 4 ordering Mayweather’s unpaid taxes from 2007 to be deducted from his $10-million fight purse.” Essentially, the IRS managed Mayweather’s cash flow for him by
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Failing to pay personal income taxes for three years, Grammy Award-winning hip-pop star Method Man turned himself into the Staten Island DA’s Office to face felony charges.
The Wu-Tang member whose real name is Clifford Smith has now added IRS criminal charges to his rap sheet.
Tax problems will find anyone who ignores their accumulating back taxes. It can be overwhelming to anyone who has back taxes but isn’t sure how to
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Payroll tax problems can close a business overnight and lead to criminal sanctions including prison time. As the IRS grows increasingly aggressive in their collection attempts for past due payroll taxes, struggling business owners with delinquent payroll taxes need to know how to protect the future of their businesses.
Read on for the biggest mistakes small business owners make when dealing with payroll tax problems:

Ignoring potential payroll tax penalties. The stakes
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