In less than a month after the voluntary offshore bank declaration amnesty deadline expired, the results are showing that tax collection efforts from once elusive off-shore account holders appears to be working. A recent Reuters News Article – America’s Rich Losing Tussle with Taxman dated September 30, revealed that since 2008, the IRS has been successful at cracking down on off-shore tax shelters and going after Swiss banks (initially) and
[Read More]

I contributed to a recent article written by Tax Analysts Document Service regarding the unscrupulous practices of some tax negotiation-resolution firms (the article was called Tax Debt Representation Industry Continues to Operate in the Shadows).  I talked about the reality that some tax resolution firms  have negatively affected not only vulnerable taxpayers but also damaged the reputation of the viable tax debt representation industry and set the Federal Trade Commission
[Read More]

“When Bad Things Happen to Good People” is an appropriate title for the recent episode of Business Day TV with Terry Bradshaw featuring an interview with the leaders of Tax Resolution Services, Co.

This special episode acknowledges the poor economic realities currently facing many Americans, some for the first time and often through no fault of their own. Negative life altering events such as job loss, death of a loved one
[Read More]

For anyone with outstanding tax debt, I wanted to provide additional information to the IRS’s advisory list of Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt newsletter published a few weeks ago. The IRS’ objectives on this subject are simple; collect every cent of taxes owed as soon as possible. In order to achieve this, the IRS has made the payment process easy by widely
[Read More]

The IRS newsletter Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt published a few weeks back, alerted Americans seeking tax debt relief there are ten options available to pay off their outstanding tax debt. These new IRS programs and policies are an effort to get delinquent taxpayers to avoid additional fines penalties or tax liens by making easy payment methods available such as a
[Read More]

Foreign Bank Account Report (FBAR) violators be warned that time is running out to report offshore bank accounts.
The time to file is now!

The second (and possibly the last) IRS amnesty program is set to expire on August 31, 2011. We had a recent press release hit about this called Tick, Tock, Tax – IRS Amnesty Program’s August 31st Deadline is Approaching Fast.
With no replacement program on the horizon,
[Read More]

I’m Michael Rozbruch, a Certified Tax Resolution Specialist, Founder and CEO of Tax Resolution Services. Consumers come to us everyday for tax relief help, especially when it comes to settling back taxes. Some people have heard of the Offer in Compromise program – though not everyone qualifies. Below is a recent question from one of our clients about settling tax debt, and my answer follows, which may be insightful for
[Read More]

Tax questions from people facing tax problems are common in our office.  Here is a question from a person owing back taxes and our advice on what can be done.
Question: I closed my business a year ago, and then I took some bad advice. I just found out I owe a lot in back taxes, and I’m feeling hopeless and helpless. What can I do?

Answer: Let me first assure
[Read More]

Many of our clients at Tax Resolution Services inquire about the Offer in Compromise program - a program established by the IRS to help consumers settle tax debt, usually at a fraction of what they owe.  What most people don’t know is that the Offer in Compromise is a privilege set forth by the IRS and that a person needs to qualify for this program.  How does someone qualify?   Read more from the IRS Question Corner of
[Read More]

I blog about tax evasion cases almost daily on my tax blog!  Why, you may ask?  Because I am trying to highlight that no matter how rich, or how poor, how famous, or non-famous, someone is does not matter to the IRS.  The IRS wants their taxes and they will come after you, if not today, than some time in the future.  Who wants to live constantly looking over their
[Read More]

Check out this week’s edition of Tax Help News Round Up – bringing you news for anything and everything tax! At Tax Resolution Services, Co. we offer expert tax help not only by fighting on your behalf to settle back taxes and resolve any IRS debt, but we strive to educate consumers on tax news and developments to be aware of. The tax world is not stagnant – just because
[Read More]

Do you think that only celebrities get targeted for tax evasion?  Not true! The IRS will come after you – famous or not – if you are cheating on your taxes, especially if you are making millions.  I’ve blogged about how the IRS is zooming in on tax cheats in the millionaire category and the following article supports that case:
A Colorado loan preparer has pleaded guilty to tax evasion, admitting
[Read More]

Are there ways to be a responsible taxpayer?  Yes there are – even if you have been irresponsible in the past.  A qualified tax professional can help you clear up back taxes owed and prepare you for the future.  If you have a large back tax debt and want to square it away, Tax Resolution Services will first help you file any delinquent tax returns and then will assess your eligibility for
[Read More]

Tax day has come and gone.  Do you find yourself fretting about back taxes owed and wondering how you are going to pay them off?  You are not alone!  At Tax Resolution Services, we get inquiries everyday about settling back taxes and what tax help services are available.  The questions below are perfect examples – and the answer is from one of our Certified Tax Resolution Specialists:
Question: How do I know if
[Read More]

Happy post-Tax Day everybody! I hope for most of you, this means a big sigh of relief and a weight off your shoulders. However, if you didn’t have enough money to pay your taxes or have not yet filed, do not despair just yet. There’s still plenty ways you can get tax help to stay out of IRS trouble and keep those penalties low.
Last week I sat down with Russ
[Read More]