Posts Tagged ‘IRS debt’
Friday, November 6th, 2009
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
Tags: Back Taxes, delinquent taxes, IRS debt, IRS help, IRS penalty abatement, Michael Rozbruch, tax attorney, tax help
Posted in Back Taxes, Seeking Professional Tax Help | No Comments »
Thursday, November 5th, 2009
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
Tags: David G. Friehling pleads guilty, IRS debt, Madoff scandal, Michael Rozbruch, ponzi scheme, recoup investment losses, tax attorney, tax expert, tax help, tax relief
Posted in Seeking Professional Tax Help, Tax news and tips | No Comments »
Friday, October 30th, 2009
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
Tags: delinquent taxes, IRS debt, Michael Rozbruch, offshore tax settlement, penalty abatement for offshore accounts, tax attorney, tax evasion, tax expert, tax help
Posted in Back Taxes, Penalty Abatement, Seeking Professional Tax Help | 1 Comment »
Thursday, October 29th, 2009
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
Tags: Back Taxes, delinquent taxes, foreign bank accounts, Global High Wealth Industry Group, IRS audit, IRS debt, IRS help, irs problems, Michael Rozbruch, tax attorney, tax evasion, tax evasion from wealthy, tax help, UBS
Posted in Back Taxes, Seeking Professional Tax Help | No Comments »
Wednesday, October 28th, 2009
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
Tags: Back Taxes, celebrity tax evasion, IRS debt, IRS tax problems, Nicholas Cage, tax problems of the stars
Posted in Back Taxes, Tax news and tips | No Comments »
Monday, October 26th, 2009
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
Tags: Cancellation of Debt 1099-C, IRS debt, IRS problem solver, Michael Rozbruch, tax attorney, tax expert, tax help, tax resolution
Posted in Ask the Expert, IRS Question Corner, Seeking Professional Tax Help | No Comments »
Friday, October 23rd, 2009
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
Tags: IRS debt, tax help, tax liens, tax resolution, TRS, TRS Files, wage garnishment
Posted in IRS help, TRS Files | No Comments »
Thursday, October 22nd, 2009
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
Tags: Back Taxes, celebrity tax cheats, celebrity tax evasion, Innocent Spouse, IRS debt, Michael Rozbruch, tax attorney, tax expert, tax help, Tax Tips, unfiled taxes
Posted in Back Taxes, IRS Question Corner, Innocent Spouse, Seeking Professional Tax Help | 1 Comment »
Thursday, October 15th, 2009
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
Tags: Collection Statue Expiration Date, help with back taxes, IRS debt, IRS help, IRS problem solver, Offer in Compromise, Partial Pay Installment Agreement, Status-53, tax attorney, tax evasion
Posted in Ask the Expert, Back Taxes, IRS Installment Agreements, Offers in Compromise | No Comments »
Wednesday, October 14th, 2009
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
Tags: Back Taxes, IRS debt, IRS liens, IRS tax problems, tax attorneys, tax relief, tax resolution specialists, tax resolution stories, TRS, TRS Files
Posted in IRS Question Corner, Seeking Professional Tax Help, TRS Files, Tax Liens and Levies | No Comments »
Monday, October 12th, 2009
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.
Tags: Back Taxes, certified tax resolution specialists, IRS debt, tax attorneys, TRS, TRS Files, true tax resolution stories
Posted in Back Taxes, TRS Files | 2 Comments »
Friday, October 9th, 2009
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
Tags: Back Taxes, IRS debt, IRS tax lien, Michael Rozbruch, tax attorneys, tax relief, tax resolution specialists
Posted in Back Taxes, Tax Liens and Levies | No Comments »
Wednesday, October 7th, 2009
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
Tags: Back Taxes, Floyd Mayweather Jr., IRS debt, IRS tax debt, Michael Rozbruch, tax attorney, tax evasion, tax help
Posted in Back Taxes, Tax news and tips, tax help | No Comments »
Wednesday, October 7th, 2009
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
Tags: Back Taxes, delinquent taxes, IRS debt, IRS help, Method Man tax bust, Michael Rozbruch, tax attorney, tax help, tax relief, tax resolution services
Posted in Back Taxes, IRS help, Seeking Professional Tax Help, Tax news and tips | No Comments »
Wednesday, September 30th, 2009
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
Tags: Back Taxes, delinquent payroll tax penalties, delinquent payroll taxes, IRS debt, payroll tax debt, payroll tax penalties, Payroll Tax Problems, small business payroll taxes, small business tax debt, tax attorney, tax help, unpaid payroll taxes
Posted in Back Taxes, Offers in Compromise, Payroll Tax Problems, Seeking Professional Tax Help, Tax Liens and Levies, Tax news and tips | 1 Comment »