Self-employment can be a liberating experience. You get to make your own rules, work your own hours and say goodbye to the horrors of a demanding boss. With this freedom comes responsibility and handling all your business affairs now solely rests on your shoulders, including paying your own taxes. A recent Ledyard-Patch article entitled Self-Employed? IRS Says You Should Read This reminds us that the self-employed are urged to get
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Today’s Tax Resolution Tip:

Check your mail! The IRS will send you the occasional letter. Make sure you open all letters from them! If it happens to be unpleasant news (such as an audit letter), the location of your audit is a good indicator of how severe that audit could be. The IRS can audit you by mail, in their offices, or in your home.
For more information on IRS tax audits, what
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No one can be “saved” from the IRS!  Tax fraud is serious business and often begins with a simple IRS tax audit.  You may not know this but over 50% of the tax offender referrals that the Criminal Investigation Division (CID) gets is from the IRS Revenue Agent that audits individual tax payers like you!  If you are being audited, hire a tax professional to represent you!  Tax Resolution Services
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Now that tax day has passed, some of you may be hearing from the IRS for an IRS tax audit.  Did you know that how you answer the questions in an IRS tax audit can dictate your fate?  IRS tax audits are designed to catch those that have been evading taxes or trying to defraud the IRS.  If you are being audited by the IRS, hiring a professional tax attorney is
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1 in every 75 taxpayers will be audited.
Over the course of a lifetime, 80% of all taxpayers will have been audited by the IRS.
With that in mind, it’s not surprising that some 3/4 of the entire taxpaying public are seriously afraid of the ugly “A” word: AUDIT.
In plain terms, an IRS audit is to ensure that your tax return is filed correctly–that you’re not claiming too many unwarranted deductions, that
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The IRS is stepping up its creativity by utilizing resources that stem beyond the basic IRS database. Recently, the IRS announced that it plans to expand a program that cross-references between the IRS database and mortgage payment databases to catch any inconsistencies.
The Treasury Inspector General for Tax Administration announced that the IRS will use the mortgage-interest payment databases to inspect and find non-filers as well as people who reported less
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Architect Thomas Allan Bouffard, 48, of Vacaville, Calif., was audited by the IRS and pleaded guilty to attempted tax evasion. Bouffard admitted that for tax year 2002 he understated his income by $121,693, resulting in an underpayment $38,388. In 2005, during an IRS tax audit, discrepancies were found in Bouffard’s return for tax year 2002. The IRS then expanded the audit to include his 2003 tax return, and Bouffard admitted
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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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Nobody wants to be in trouble with the IRS for someone else’ mistake.  If your spouse is in trouble with the IRS, his/her penalties will be transferred to you in a marriage. If you can prove to the IRS with reasonable evidence that you were unaware of the fraudulent activities of your spouse, you will qualify for Innocent Spouse relief.
Filing and getting approved for Innocent Spouse relief is crucial to
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If you failed to file and pay taxes one year due to severe emotional or physical illness that disabled you from managing your finances, you may be able to escape paying the IRS tax penalties for that year–as long as you can prove the existence of a “reasonable cause” with strong evidence. If your illness incapacitated you from filing and paying taxes for multiple years, you may be eligible to
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Under the NEW IRC Section 165 Safe Harbor Rules the IRS estimates it will refund victims of the Bernard Madoff’s massive ponzi scheme around $17 billion!!
The Safe Harbor provisions are crucial to obtaining relief for victims of investment stock fraud because it converts what would ordinarily be a capital loss (which is offset against capital gains and any unused capital loss is then limited to a deduction of only $3,000
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