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.
——-
Question: I’ve been reading your newsletter, and I understand why the IRS Offer in Compromise program is an excellent one for those
[Read More]

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
[Read More]

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
[Read More]

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
[Read More]

Congratulations and good luck to TaxMasters! Earlier this week, TaxMasters, Inc. received its stock trading symbol and is now officially a publicly traded company.
As the CEO of the only certified national firm of tax problem resolution specialists, I would like to extend my congratulations to them. This event is indeed a milestone for the tax relief industry as a whole and is a sign of the times that more
[Read More]

Wondering about IRS payment plans, offers in compromise, IRS tax liens, bankruptcy laws or have any other general tax questions?  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!�
——
Question: Like others who have asked questions here, I owe a substantial amount to the IRS. But I fear I won’t qualify for the Offer
[Read More]

Check out our latest TRS IRS tax help newsletter for tax tips, IRS insider news, and income tax relief advice.
Many taxpayers who are in IRS trouble have found it difficult to be approved for IRS settlements such as the Offer in Compromise program. Historically, OIC application approval rates have remained under 25%. Recently, the IRS has updated the OIC application forms so that it is easier for applicants to understand.
[Read More]

If you deliberately evade taxes by underreporting your income, you cannot always blame your accountant for the discrepancy. Underreporting income to skimp paying taxes is criminal and the penalties can be financially debilitating depending on the amount you owe.
Recently, an individual was convicted for tax evasion because he did not provide sufficient proof that he was unaware of the discrepancy between his reported income and his actual income. CCH (http://tax.cchgroup.com)
[Read More]

IRS tax problems can be overwhelming and confusing. It’s always a pleasure to me to appear on radio shows and give free tax advice to regular taxpayers who may not be able to afford a tax lawyer.
Recently I sat down with Drew on the Money, Riches, and Wealth Radio Show to answer some questions average taxpayers had regarding back taxes and resolving IRS tax debt with or without the help
[Read More]

Jon Dale Adams of Jackson, Miss., was sentenced to 18 months in prison, to be followed by one year of supervised release, for filing a false federal income tax return in 2000. Adams was also ordered to pay a $5,000 fine.
The former owner of a strip club, Adams was indicted by a federal grand jury in February 2007. According to the indictment, Adams was charged with filing false returns that
[Read More]

Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
 This month’s Tax Client of the Month is Mr. John Gordon.
Imagine owing the IRS over $78,000. That’s what Mr. Gordon’s debt to the IRS was when he enlisted our help. Our negotiations and
[Read More]

The Offer in Compromise (OIC) application process has been a challenging and burdensome process for many applicants. The privilege of being approved for a OIC closely resembles receiving amnesty from the IRS; you can save thousands of dollars in back taxes, IRS tax penalties and interest.
Recently, the IRS unveiled a simplified version of the OIC application form by splitting the original form into two parts: Form 656 and Form 656-B
[Read More]

Terry Bowling, 62, of Huntington, W.V., was sentenced to one year and a day in prison. He was also ordered to pay in excess of $386,000 in restitution to the IRS.
Bowling, the owner and operator of several businesses, pleaded guilty to a two-count information charging him with the evasion of personal income taxes and federal employment taxes.
Bowling acknowledged his taxable income from 2002 to 2006 was approximately $368,000. However, because
[Read More]

Last month, we sponsored the KFI AM 640 FREE listener event Law Day 2009 with free legal and tax advice, as well as a Handel on the Law live broadcast.
There were also informative session including a workshop I did on tax resolution strategies like Offer in Compromise settlements and IRS payment plans.   About 2,700 listeners attended this event and filled up seminar classrooms throughout the day. I was happy
[Read More]

Taxes can be complicated.   Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
—————
Question: I have a lot of debt, including tax debt. How I amassed this debt isn’t important right now. What is important is this: What can
[Read More]