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
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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.
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Question: I’ve been reading your newsletter, and I understand why the IRS Offer in Compromise program is an excellent one for those
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As a certified tax resolution specialist, I help individuals and businesses get the tax help they need to solve their tax problems. I even get questions from other CPAs and tax professionals (like the one below) seeking expert tax resolution advice. If you have a question email your questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line and look for an answer in our “IRS Question Corner”
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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
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IRS tax problems such as back taxes and IRS penalties may be scary–so scary that many people tend to procrastinate resolving the problem until it becomes too big to ignore. With the October 15th tax extension deadline just a little over two weeks away, it’s time for you to overcome your tax anxieties and take control of your tax problems before they become any bigger.
Unlike other forms of procrastination, the
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Recently I had the pleasure of appearing on Fox Business News to talk about how taxpayers can reduce their back taxes and resolve their IRS tax problems in the current economic climate. I was very excited to share tax resolution tips with a national audience; in times like this, it has become especially important for taxpayers to learn how to resolve their back taxes and avoid IRS penalties to protect
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Tax liens can be financially crippling. If you have questions about your IRS tax problems, such as IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions, you can email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.  Look for tax advice on our blog - it’s free!
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Question: In 1992 I lost my job and
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I received a virus in my email inbox recently from someone that looked like they were working for the IRS, but was in actuality a scam artist. Check out the latest deception method to obtain personal information from taxpayers like you:
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From: Internal Revenue Service [mailto:no-reply@irs.gov]
Sent: Wednesday, September 09, 2009 7:32 AM
To: TRS
Subject: Notice of Underreported Income
Taxpayer ID: michael-00000174073547US
Tax Type: INCOME TAX
Issue: Unreported/Underreported Income (Fraud Application)
Please review your tax statement on
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With today’s tax scam horror stories and so many choices for tax lawyers, choosing the right tax attorney may seem a daunting task. When you’re faced with IRS tax problems such as back taxes and delinquent tax returns, there are many different tax attorneys in the yellow book who will “deal” with these issues. How do you know that you’ve chosen the correct representation for your unique situation? You must
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When you’re battling with the IRS, you need to make sure that you have chosen a qualified tax attorney who specializes in your type of  tax problem to represent you. There are many types of IRS issues out there–a corporation’s tax problem will differ substantially from a personal one. Therefore, it is the most prudent to first understand your personal tax situation before seeking a the appropriate tax attorney’s help.
Here
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There are a number of important questions to ask your prospective tax resolution firm before hiring them on as your IRS battle-mates. In order to ensure that your tax attorney will be working in your best interest instead of simply charging you enormous service fees, you will need to treat your research process as you would a job interview.
Before you hire your tax representation, ask the tax resolution firm the
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With the recent surge in IRS enforcement, small businesses have become a major target for the government. The staggering annual $345 billion tax gap can be largely attributed to small business tax evasion; much of this has been because small businesses are difficult to enforce and many can manage to slip through the tax cracks by underreporting actual income.
Therefore, the IRS has shifted into high gears to catch and penalize
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If you are currently dealing with tax problems, now is a good time to get tax help before the new tax hikes kick in. The Obama Administration is continuing with its steadfast endeavor to collect back taxes as well as to collect more taxes from the wealthy and powerful.
Currently planned for 2011, Obama’s biggest tax hike will affect married filers making over $250,000 and singles making more than $200,000. In
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Whether or not you are legally obligated to report tip as income has been somewhat of a fuzzy area (especially cash tips!). Skimping on reporting your full tip (100% of your tip retained) is considered deliberately underreporting income and may be subject to severe IRS audits and penalties.
If you made more than $20 in tips in any one month, you will have to report the full amount of the tip
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The current gloomy economy has put many ordinary law-abiding taxpayers in IRS trouble for unpaid taxes.
In response to this dire situation, Congress has been working steadfast to create a number of tax breaks for Americans who are struggling to make ends meet. In Feburary of 2009, Congress passed the Economic Recovery and Reinvestment Act of 2009. The nearly $800 billion economic stimulus package offers significant tax incentives.
However, due to the
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