Posts Tagged ‘IRS enforcement’
Tuesday, March 31st, 2009
Bloomberg News columnist John M. Berry makes some interesting points regarding President Obama’s new task force created to close the tax gap by focusing on closing loopholes, streamlining tax code and generating revenue.
“It may not accomplish much,” he says.
Highlights from the article include:
With April 15 fast approaching, stronger enforcement and a lot more resources for the Internal Revenue Service should head the administration’s to-do list.
The tax code could be undoubtedly
Tags: delinquent tax returns, employment taxes, IRS compliance, IRS enforcement, irs problems, Michael Rozbruch, small business taxes, tax cheats, tax evasion, tax expert, tax gap, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, unfiled tax returns
Posted in Tax news and tips | 1 Comment »
Monday, March 30th, 2009
According to a recent article in the Wall Street Journal, a push by the IRS to be more aggressive with wealthy taxpayers means that it’s critical to know the common tax audit red flags.
The IRS has been strongly disputing a report this week from the Transactional Records Access Clearinghouse that says audits of the wealthy Americans have significantly dropped off.
nificant drop in audits of richer Americans
Taxpayers who make more than
Tags: audit red flags, audit triggers, IRS audit, IRS enforcement, IRS problem solver, IRS tax problems, Michael Rozbruch, tax attorney, tax audit, tax audits, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, wealthy taxpayers
Posted in Tax news and tips | No Comments »
Wednesday, March 25th, 2009
I’ve blogged before about how closing the tax gap could help fund deficit reduction activities. And the White House is definitely searching for new tax revenues. Plans are underway to create a task force that will be looking to end corporate loopholes and bolster IRS enforcement.
The Wall Street Journal reports:
Mr. Obama’s budget proposal began the process of addressing problems such as the tax gap, the difference between taxes owed and
Tags: delinquent tax returns, IRS compliance, IRS enforcement, IRS help, IRS problem solver, IRS tax problems, Michael Rozbruch, tax cheats, tax expert, tax gap, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services
Posted in Tax news and tips | 2 Comments »
Tuesday, March 10th, 2009
Listen to my interview with Mind Your Bizness Show host Danielle Hampson. On “Talk to the Tax Expert,” we discuss what to do if you find yourself in financial difficulty and can’t afford to pay your tax bill this year.
In 2009, we can expect more tax audits and IRS actions against tax cheats. It’s a remarkable statistic, but 50% of the American tax paying public either haven’t filed appropriate
Tags: 2009 tax return, Danielle Hampson, failure to file, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax extension, IRS tax problems, Michael Rozbruch, Mind Your Bizness, tax audits, tax cheats, tax expert, tax extension, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, tax returns, Tax Tips
Posted in Tax news and tips | No Comments »
Monday, March 9th, 2009
According to National Taxpayer Advocate Nina Olson, the IRS Taxpayer Advocate Service (TAS) handled more than 274,000 taxpayer assistance orders in FY 2008.
The TAS was created by Congress to help taxpayers resolve their tax problems with the IRS and ensuring that taxpayer rights are protected in each case. Olson also recently addressed the authority of the National Taxpayer Advocate to help taxpayers navigate their issues through the IRS. Olson revealed
Tags: delinquent tax returns, failing to file federal tax return, IRS audits, IRS debt, IRS enforcement, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, national taxpayer advocate, Nina Olson, tax advice, tax attorney, tax complexity, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips, Taxpayer Advocate, taxpayer advocate service, taxpayer assistance orders, unfiled tax returns
Posted in Tax news and tips | 1 Comment »
Monday, March 9th, 2009
Last week, Sen. Carl Levin, chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, examined the recent deferred prosecution agreement between the Department of Justice and UBS AG Bank of Switzerland, as well as the DOJ’s ongoing attempts to force the bank to identify its U.S. customers with secret Swiss bank accounts.
Recently, a senior executive of a large Swiss bank was charged with conspiring with other
Tags: carl levin, IRS audits, IRS debt, IRS enforcement, IRS help, irs news, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, offshore asset, shulman, tax cheat, tax evasion, tax expert, tax haven, tax help, tax news, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Tax news and tips | 1 Comment »
Monday, March 2nd, 2009
The IRS is implementing tax-related provisions of this new program as quickly as possible. I recently blogged about how this new economic stimulus law could affect your tax bill, and how heightened tax compliance efforts could impact small businesses.
The IRS has outlined key highlights of the plan as follows:
COBRA: Health Insurance Continuation Subsidy. The IRS has extensive guidance for employers, including an updated Form 941, as well as information for qualifying
Tags: american recovery, economic stimulus, homebuyer credit, IRS enforcement, IRS help, IRS problem solver, irs problems, Michael Rozbruch, recovery program, reinvestment act, small business, small business tax advice, tax attorney, tax compliance, tax expert, tax help, tax relief, tax resolution expert, tax resolution services, tax returns, Tax Tips
Posted in Tax news and tips | 1 Comment »
Friday, February 27th, 2009
I recently blogged about the new economic stimulus package and how it affects your IRS bill. In addition to funding deficit-reduction activities, the federal government is looking at ways to close the tax gap by taking a closer look at employment tax returns.
According to the most recent estimates, payroll tax mistakes cost the IRS $15 billion - and tax experts agree that today’s figure is much greater! For several years
Tags: Back Taxes, economic stimulus, employment tax returns, employment taxes, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, IRS tax problems, Michael Rozbruch, payroll tax business, Payroll Tax Problems, Payroll Taxes, tax audits, tax compliance, tax expert, tax gap, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, trust fund recovery penalty
Posted in Tax news and tips | 5 Comments »
Friday, February 13th, 2009
With tax season quickly approaching, the IRS has announced that it will be providing help to those Americans struggling to meet their tax obligations this year. This means that distressed taxpayers plagued by mounting medical bills, heavy reliance on Social Security assistance, or recent job losses may now be eligible for a tax break. Struggling taxpayers may be eligible for relief as IRS eases enforcement and collection efforts to help
Tags: Back Taxes, delinquent tax returns, full financial disclosure, i need tax help, Installment Agreement, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, Offer in Compromise, Offers in Compromise, settle tax debt, tax advice, tax attorney, tax expert, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement, Tax Tips
Posted in Tax news and tips | 1 Comment »
Thursday, February 5th, 2009
It is a known fact that 1 in 6 (or about 16%) of the taxpaying public have tax problems. Given the current state of the economy, I expect that rate to increase significantly. It’s not surprising that high profile people have tax problems too. As a matter of fact, it is not uncommon for high income earners to have issues with the IRS.
Unfortunately, the Obama Administration may be sending the
Tags: daschle, geitner, IRS compliance, IRS enforcement, Michael Rozbruch, tax expert, tax problems, tax resolution expert, tax resolution services, tax scandal
Posted in Tax news and tips | 3 Comments »
Friday, January 30th, 2009
NOTE: TELE-SEMINAR SCHEDULED FOR FEB. 18 HAS BEEN RESCHEDULED AND WILL NOW TAKE PLACE ON WED, MAY 13.
I’ve blogged about this before, but it’s important to mention it again: Small business owners are the largest source of uncollected taxes.
During this economic downturn, we are also seeing lots of people who are laid off or are no longer employed, going out on there own. They’re reinventing themselves, setting up home-based businesses,Â
Tags: Back Taxes, i need tax help, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, small business, small business owners, small business tax advice, small business taxes, tax expert, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Tax news and tips, Working with the IRS | 1 Comment »
Tuesday, January 27th, 2009
I was recently interviewed by Business Pundit blogger Lela Davidson. She asked me lots of great questions about small business taxes and how to avoid being an IRS target. I provided her with insight into important tax issues facing new businesses and how to avoid the big mistakes that many small business owners make.
There are many things small businesses can do to avoid getting audited. But if you still find
Tags: Back Taxes, i need tax help, IRS audit, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, small business taxes, tax attorney, tax audit, tax audits, tax expert, tax problems, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips, unfiled tax returns
Posted in Tax news and tips | No Comments »
Monday, January 26th, 2009
Just wanted to let everyone know that we’ve recently expanded to help even more Americans seek tax relief!
It’s very exciting - we’ve just finalized lease negotiations for 11,000 square feet of commercial office space just north of Los Angeles, at our headquarters in Encino, California. Our company now boasts more than 50 legal and tax specialists, and our licensed professional staff consists of 6 Tax Attorneys, 4 CPAs and 2
Tags: Back Taxes, delinquent tax returns, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, Offer in Compromise, Offers in Compromise, tax advice, tax attorney, tax debt, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips, unfiled tax returns
Posted in Tax news and tips | 3 Comments »
Tuesday, January 13th, 2009
In 2008, the IRS collected $56.4 billion - $7.7 billion more than in 2006. This was only slightly down from 2007’s record year of $59.2 Billion.
The audit rate is 100% higher today than in 2000! Nearly 1.4 million Americans were audited in 2008, just over 1% of all returns filed. Correspondence/ mail audits, otherwise known as CP-2000 letter audits are up nearly 34% from 2000 levels.
The 2008 collection enforcement numbers
Tags: , collection enforcement, correspondence audits, CP-2000 letter audits, IRS audits, IRS collection, IRS enforcement, mail audits, Michael Rozbruch, tax audits, tax expert, tax help
Posted in Tax news and tips | 1 Comment »
Thursday, January 8th, 2009
In her recent report to Congress, National Taxpayer Advocate Nina Olson urged the Internal Revenue Service to take steps to ease the tax burden on Americans hit by the recession and consider the economic circumstances of a taxpayer before initiating “enforcement actions.”
As I’ve said before, the IRS will continue to aggressively pursue tax collection compliance, despite the prevailing harsh economy. The IRS is under increasing pressure to track down the
Tags: Back Taxes, internal revenue services, IRS enforcement, irs problems, Michael Rozbruch, Nina Olson, tax attorney, tax burden, tax expert, tax gap, tax help, tax relief, Tax Tips, Taxpayer Advocate
Posted in Tax news and tips | 4 Comments »