As we all know by now, the IRS has increased its level of scrutiny of tax payers and audits are increasing. Lara Saunders (Wall Street Journal) wrote an article called Rich Are Targeted in IRS Audit Offensive addressing how the wealthy are being audited at a rate double or triple what was seen in the previous decade.
According to Saunder’s article the wealthiest Americans are being targeted increasingly by the IRS
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Do you have an IRS tax audit pending?  Did you know that over 50% of the referrals that the Criminal Investigation Division (CID) gets are from the IRS agents who interviews you for the tax audit?  IRS tax audits are serious!  Your answers from the initial audit meeting can determine your fate!  Tax Resolution Services highly recommends that you seek expert tax representation before your IRS audit happens.  At Tax Resolution
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According to the  recent article on TheStreet.com “IRS to Expand Audits as Cash Runs Low” by Joe Mont, it appears the IRS is doing anything and everything they can to make up for the “estimated $14 billion that companies underpay in employer taxes a year.”  The IRS plans to execute a three-year campaign that will crackdown on 6,000 businesses.  No one is safe from IRS audits as Uncle Sam zeros
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When it comes to tax audits, the IRS wins 80% of the time. Taxpayers are deemed guilty till proven innocent, which means the IRS can start an audit by disallowing every deduction you made on a return until each one is proven to be legitimate. If a taxing authority has decided to audit you, it’s important that you don’t let yourself be pushed around by the IRS. Additionally, if
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I recently read an article on CNNMoney.com written by Beth Braverman titled “5 things to know about getting audited.” I am always looking for helpful resources for my readers, so I wanted to share this IRS tax relief advice with you.  Here is a quick summary of the 5 tips discussed in the article.
1. Audits are on the rise
After filing your taxes, there’s always reason to wonder: Will the taxman
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If you’ve been chosen for an IRS tax audit – don’t panic!  Tax audits can happen to people because of something as simple as missing documents in a tax return or something less simple such as failing to file taxes or failing to settle back taxes.  Whatever the reason, if you are being audited by the IRS, Tax Resolution Services highly recommends having professional tax expert represent you.  You have a right
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Whether you’d like to avoid the IRS, contact the IRS, settle with the IRS or just want to refer a friend, relative or client, Tax Resolution Services would love to hear from you.  Tax day – April 15th – is just around the corner and if you have issues with the IRS that you’d like to have ironed out, once and for all, it is time to pick up the
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The IRS is set to audit many more returns in 2009 and 2010 due to abuses by taxpayers of the first time home buyer tax credit. The first-time homebuyer tax credit is a tax break of up to $8,000 for qualified home sales before December 1, 2009.
Not everyone qualifies for this credit and I’ve also blogged about common misconceptions about the first time homebuyer tax credit.  Knowing the rules and
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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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In the current environment of increasing IRS enforcement efforts, it is unwise for taxpayers to evade taxes and think that they can get away with it.
While it may be true that a small percentage of tax evaders could enjoy a few years of “freedom” from the IRS, the ones who do get caught could be served with debilitating bank levies and heavy wage garnishments for life. (And you never know
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Tax-burdened Americans seeking professional help in solving their IRS problems have more options today than ever before. The tax debt relief industry has seen dramatic growth over the past 5 years as many companies have entered the arena to offer help to taxpayers impacted by a sharp increase in IRS tax compliance enforcement.
But lately, many of these so-called tax resolution firms have been making headlines for misleading consumers with deceptive
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Amid the slow economy and increasing federal deficit, a much needed surge in tax revenue means that a growing number of taxpayers can expect to be audited while Americans already burdened by tax debt will find it harder than ever to resolve their IRS tax problems.
In fiscal year 2007, IRS audit rates were up from the previous year for both individuals overall and higher-income taxpayers. Additionally, audits of S Corporations
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