Did someone tell you that filing taxes is voluntary? That only foreign-source income is taxable? You better read about today’s frivolous tax arguments.
If you’re receiving tax advice that sounds otherworldly, it no doubt is.
Maybe someone finally told you that filing your income tax return and paying taxes every year are voluntary? You were a sucker all these year, filing returns and paying taxes, weren’t you?
Well, no. You’d be a sucker
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Tax season is officially here and the current economic downturn may encourage struggling taxpayers to cheat on their taxes - resulting in an even larger tax gap than prior years.
There is close to a $400 billion tax gap each year, which means that taxpayers are paying $400 billion less than they should in taxes. Meanwhile, the federal budget deficit for 2009 soared to an all-time high of $1.42 trillion
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This week, the nation’s leading tax expert Brian Compton, president of Tax Resolution Services, chatted with Caz Taylor and Ruben Garcia on SBA Radio to share some great tax help tips for small business owners on how to avoid IRS audits.
As the tax filing deadline draws nearer, many small businesses already struggling with the state of the economy must face yet another challenge–filing and paying taxes.
It has been reported that
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Knowledge is power when battling the IRS - the most brutal and ruthless collection agency on the planet. To make things more urgent, IRS enforcement is only getting more aggressive - raising the stakes to a new level. And falling for common tax relief myths can endanger your wealth, health and liberty. You owe it to yourself to learn the reality of these tax relief myths. And you don’t have
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The NYTimes reported a recent case where a wealthy investor in Virginia pleaded guilty to tax evasion charges involving his undisclosed foreign funds. One thing that distinguishes this investor from the many taxpayers who have been prosecuted by the IRS for hiding funds abroad was that this investor’s money was not hid in UBS.
Indeed, the IRS is expanding its reach to other banks beyond UBS that are helping wealthy Americans
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Seems like the economy’s got everyone hanging tight onto their wallets–even high earners like this attorney who now faces three years in prison for deliberate tax evasion.
David Thomas, 55, Killingworth, Conn., pleaded guilty to one count of filing a false tax return. Thomas, an attorney, was retained by the Cedar Island Improvement Association to provide legal assistance. Thomas received $120,977 from the association. However, for the tax years 2004 and
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Robert Kahre, the owner of six construction businesses in Las Vegas who paid employees over $100 million in cash wages as part of an elaborate scheme to defraud the IRS, was sentenced to more than 15 years in prison.
“Citizens who pay their fair share of taxes can rest assured that the Department of Justice will continue to utilize all of its resources to prosecute those who choose to cheat and
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In tough economic times, it’s especially important to not ignore IRS problems. And taxpayers must realize that they have to be careful in choosing a Certified Tax Resolution Specialist or tax attorney to resolve their back taxes and IRS problems.
With more Americans than ever needing IRS help, the tax resolution industry has seen dramatic growth and many companies have entered the arena to offer help to those impacted by both
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With the April 15th deadline fast approaching, taxpayers need to stay vigilant about what they report (and don’t report) on their tax returns in order to avoid being audited by the IRS or incurring heavy IRS penalties.
CNNMoney released an article recently that outlines several helpful tips for taxpayers to heed in order to prevent getting audited by the IRS. It’s important for taxpayers of all income brackets to realize that
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The economy is still tough on most taxpayers as the April 15th tax filing deadline approaches. While the IRS is strapping in all they’ve got to collect as much tax revenue as they can, a recent report by CNNMoney.com reveals that some 13% of all Americans find it acceptable to cheat on their taxes in order to save money.
Since the government has been trying to help struggling taxpayers with various
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As the tax season is upon us and taxpayers gear up to file their tax returns, the IRS has released tax help tips on how to determine whether your social security benefits from 2009 are taxable.
If you’ve received social security benefits in 2009, I highly recommend you run down this list to check if you have to pay taxes for your benefits. The last thing you want is to be
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As much as you may fear the wrath of the IRS to levy back taxes and IRS penalties, the tax man is afraid of exposure too. In the audit battle, the IRS fears two things: 1) You hiring a tax attorney or Certified Tax Resolution Specialist, and 2) You learning these seven little secrets about reducing back taxes and IRS penalties.
With years of record deficits (and even more in the
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Employers trying to avoid IRS payroll tax problems may encounter a different challenge: employees disputing tax withholdings.
Sometimes the line between a contractor worker and an employee may get blurred–as an employer as well as employee, it’s important that you clarify your work status before you file your taxes each year. This will help you avoid IRS problems down the line and will also ensure that you won’t have accumulated back
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For taxpayers who are filing for an Offer in Compromise,  the IRS is undergoing policy changes that have positive effects on your application.
Prior to the most recent changes, offer in compromises are difficult and complex procedures that are more often rejected by the IRS for one reason or another than accepted.
However, news below suggests that while the IRS is not substantially increasing its “acceptance rate”, it is making efforts to
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Got a question for our tax expert? Call our office at 1866-IRS-PROBLEMS or visit www.taxresolution.com
In these economic times, it is very likely that many taxpayers may have fallen behind on their taxes. The tricky part about owing the IRS money is that when they ask you to pay up, you end up owing them more than just your back taxes–you will also need to pay extortionate amounts of penalties and
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