I just read that Nicholas Cage owes a whopping $6 million in unpaid back taxes. And this isn’t the first time the actor has gotten in tax trouble.
The New York Post Reports:
A notice of a federal tax lien shows that the “National Treasure” actor made a serious dent in the national debt — allegedly stiffing the Internal Revenue Service out of $6.25 million he owed in income tax from 2007,
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Just wanted to share a great note I received from a recent tax relief client who received a successful resolution for his case!
Brett first heard about TRS on the Bill Handel show a couple of years ago, and then he drove down to Orange County from his home in Palmdale, CA to meet with me and learn about the tax help services that we offer to find out how
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Better late than never!  Regardless of what you’ve heard, you have the right to file your original tax return, no matter how late.  Filing a delinquent tax returnwill keep you out of prison, evading taxes won’t!  As William DeLorenze found out:�
William DeLorenze, 54, of Westbrook, Conn., was sentenced to five months in prison, to be followed by one year of supervised release, after pleading guilty to one count of filing
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If you’re one of the many taxpayers who filed for an tax extension in April, you must file your 2008 tax returns by October 15th in order to avoid IRS penalties.
In this current economic situation, it’s common for people to be unable to pay both their bills and the IRS. However, the worst thing you can do is to avoid the IRS altogether because you will only have more back
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If you owe the IRS taxes, they can file a federal IRS tax lien against you!  With a tax lien filed against you or your business, your credit is affected.  It shows up on your credit report and will make it difficult, or impossible, to obtain financing for an automobile or a home.  How does an IRS tax lien get filed against you?  A great example is this man in Akron, Ohio,
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As the October 15th extension deadline for filing 2008 tax returns looms closer, many small business owners like you who have been busy with running your business may be growing anxious.
To a busy business owner who has to sort through piles of receipts and invoices just to get organized to file their taxes, October 15th may not seem like a lenient tax extension deadline. It can be overwhelming to sit
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Tax evasion is not a good idea.  Whether you are doing it to save yourself some money or doing it so your employees will save money.  Either way avoiding taxes is a bad idea!  As I said on my website, the bottom line is: Past due payroll taxes can cause you to lose your business and your freedom!  A great example of the trouble you can find yourself in with payroll tax evasion follows:
Judith and Norman
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Tax Resolution Services team of tax attorneys and IRS specialists offers people seeking tax relief a FREE tax consultation!  If you are not ready for the consultation but have a question about delinquent tax returns, IRS payment plans, tax relief for an innocent spouse, IRS tax liens, or something else that is tax-related, email your questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line and look for an
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I’ve blogged many times about people who fail to file taxes, for whatever reason.  They may be knowingly evading taxes or they may be too scared to file taxes because they are afraid that they won’t be able to pay whatever they owe the IRS.  Did you know that you can file a tax return, even when it is grossly late?  Better to file a delinquent tax return, than be convicted
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As the IRS Amnesty Period is drawing quickly to its expiration date next Wednesday, September 23rd, 2009, overseas account holders must act quickly to voluntarily disclose their funds abroad to reduce their chances of criminal prosecution.
Over Labor Day weekend, a member of the wealthy and privileged elite, Finn M. W. Caspersen, took his own life in the Shelter Harbor Golf Club in Rhode Island. Authorities believed that Caspersen may have
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Auto dealers across the nation have been benefiting from the “Cash for Clunkers” stimulus program–selling more fuel efficiency cars in exchange for fuel-guzzling “clunkers.”
Not only are average consumers loving the $4,500 non-taxable cash vouchers from trading in their old cars for new ones, auto dealers can also benefit above and beyond the mere increase in sales. In order to auto dealers to save money and avoid serious
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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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Recently I blogged about my guest appearance on Fox Business News talking with Brian Sullivan about the latest IRS collection efforts and how taxpayers need to know how to avoid and resolve back taxes in order to secure their financial future.
In the current tax climate, the US Government is hard-pressed for funding in order to pay for programs such as the $800 billion stimulus package, the “Cash for Clunkers” program,
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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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Recently I was a guest on Fox Business News with Brian Sullivan to talk about the latest increase in IRS enforcement and how taxpayers and small business owners can protect their financial well-being by seeking professional tax representation.
With the government struggling for funds to pay for economic stimulus plans such as the “Cash For Clunkers” program and the $800 billion stimulus package, the IRS is under high pressure to collect
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