Posts Tagged ‘IRS help’

Beyonce’s Father Owes $1.2 Million in IRS Back Taxes

Monday, May 20th, 2013

It’s pretty clear Beyonce’s former manager and father, Mathew Knowles knows a thing or two about managing a superstar. However, it appears he’s less knowledgeable about what it means to owe back taxes to Uncle Sam. According to a Source article titled: “Mo’ Money, Mo’ Problems! Mathew Knowles Owes 1.2 Mil In Taxes“, Knowles, who failed to pay his taxes during 2010 and 2011, has now received a huge tax
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Top Ten Ways to Get Tax Help from IRS.gov

Tuesday, February 19th, 2013

The IRS has made getting tax help 24 hours a day/7 days a week on IRS.gov easier than ever before. They have done this by re-designing their website to make it more user-friendly for both consumers and tax professionals. Here are the top ten reasons to visit the IRS.gov website:

Get 24/7 Access — for Free. IRS.gov has tax forms and answers when you need them – day or night. The Interactive
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IRS Delays Tax Season Filing Date to January 30

Thursday, January 10th, 2013

The IRS has officially announced it will open the tax filing season and begin accepting 2012 tax returns on January 30th. The original opening of tax season was to be January 22nd as that was the date last year 80% of taxpayers e-filed. As I mentioned in a previous post there would be a filing delay for taxpayers especially ones affected by the Alternative Minimum Tax (AMT). The IRS memo
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IRS Tax Relief for Hurricane Sandy Victims

Thursday, November 1st, 2012

The IRS announced yesterday that it’s giving taxpayers and tax preparers affected by Hurricane Sandy some tax relief: a one week extension until November 7 to file returns and make payments normally due on October 31.
This IRS tax help is aimed at business owners and their tax preparers whose payroll and excise tax returns were due on October 31 and who were “in an area affected by Hurricane Sandy or
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Tax Scam Warning from the Better Business Bureau

Tuesday, October 9th, 2012

The Better Business Bureau (BBB) is warning taxpayers who filed electronically to keep an eye out for a tax scam that looks like an IRS e-mail but in reality it contains fake links that if clicked on can cause a virus. Here’s the BBB’s report of what this e-mail contains:

An official looking email that appears to come from the IRS with the subject line: your federal tax bank transfer failed.
The
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IRS Faces Potential Tax Issues-Affordable Care Act

Thursday, July 12th, 2012

The June 28 Supreme Court decision to uphold most of the Affordable Care Act (ACA) has been a hot tax topics in recent weeks.  This decision will impact most American taxpayers. As a certified tax resolution specialist that helps clients avoid IRS tax issues, new expanded IRS powers are of particular interest to me. A recent Washington Post article entitled Supreme Court’s decision renews questions about IRS capability to enforce
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Tax Resolution Services, Co. Wins American Business Awards

Tuesday, July 3rd, 2012

In addition to solving IRS tax problems, Tax Resolution Services, Co. was honored last month with two American Business awards (aka the Stevie awards) for our work in the tax resolution industry.  I was honored with a bronze Stevie Award for Maverick of the Year and my colleague and Tax Resolution Services’ President, Brian Compton received a silver Stevie as Executive of the Year in Accounting, Banking and Financial Services.
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New Offer in Compromise Policies Bring Tax Relief

Wednesday, May 30th, 2012

The May 21st IRS announcement offering flexibility to the Offer in Compromise Program (OIC) is BIG NEWS as it could provide tax relief to many financially distressed taxpayers like never before. The erecent Forbes articles Are Tax Collectors the New Men in Black? and New IRS Offer in Compromise Policies discuss the IRS changes of two criteria: the financial analysis used to determine who qualifies for an Offer in Compromise
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New Changes to Offer in Compromise – More Flexibility

Thursday, May 24th, 2012

The IRS announced this week it changed some of the rules that govern the Offer in Compromise (OIC) program – more flexibility meaning more folks can qualify.  An article in Reuters entitled IRS Widens Taxpayer Debt Forgiveness Program and in Accounting Today entitled IRS Makes Offer in Compromise Program More Flexible outline these changes aimed at giving more American taxpayers flexibility to repay their tax debt as part of the
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Tax Expert Leads Free Webcast for Tax Practitioners

Tuesday, May 8th, 2012

Eva Rosenberg is known as the TaxMama®, giving out much needed tax information to those in trouble with the IRS and doing all of it with a mother’s touch.
Tomorrow, Wednesday May 9th at 12:00pm (Pacific) it’s time for me, the TaxMan to meet the TaxMama and deliver sound advice through a complimentary (that’s FREE) live webcast. The topic we’ll be focusing on is “IRS Practice: Overview of Collection Issues.”
If you
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Tax Man Gives Tax Relief Tips on Big Biz Show Blog

Tuesday, May 1st, 2012

I recently posted tax relief tips on the Big Biz Show blog. Here is a link to the blog post and I would encourage readers who missed the tax deadline to take a look.
With tax season a recent memory and many still facing difficult tax issues, the topics covered in the post focused on how to deal with these common IRS tax problems:

IRS audits
Delinquent tax returns
Tax debt payment options: using
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Tax Relief Weekly News Round-Up

Friday, April 27th, 2012

Happy Friday! The common theme in last week’s news was aimed at giving tax relief advice to those who did not make the tax filing deadline of April 17.
Here are some of the highlights:

The IRS just released a video entitled Employee or Independent Contractor? aimed at getting employers to properly classify their workers as either an employee or independent contractor. Improper classification can result in steep IRS penalties but many
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Identity Theft-Proving a Tough Foe for IRS

Monday, April 23rd, 2012

Most information dispensed last week was designed to give tax help to last minute filers attempting to complete their tax returns. But news agencies including the IRS are now busy reporting on a new tax story about how rampant IRS identity theft issues are for the Agency itself. Even after the filing deadline, taxpayers are asked to remain vigilant against these tax fraudsters who continue to dupe ordinary citizens. Here
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Tax Expert-Hiring a Tax Professional on Fox News

Monday, April 16th, 2012

Countdown to tax day: 1 day

For those who have filed their taxes, congratulations. For those who think procrastination as a sport, I wish you well. For others who are overwhelmed, it might be time to seek tax help from a tax professional. During my recent appearance to the Midday Sunday Fox 11 with host Tony Valdez program, I offered tax tips related to tax preparation software and knowing when
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A Makeover for Tax Relief Companies

Monday, April 16th, 2012

Unless you’ve been living in a cave for the last twelve months, you are most likely aware that the tax debt resolution industry has been dragged through the mud and just about every media outlet under the sun has jumped on the bandwagon to kick a little extra dirt on the pile. Now, I’m not arguing that some serious wrongdoing hasn’t occurred, but this is clearly a case of an
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