Posts Tagged ‘Offer in Compromise’

Got back taxes? It’s Never Too Late to File a Tax Return

Tuesday, August 30th, 2011

For anyone with outstanding tax debt, I wanted to provide additional information to the IRS’s advisory list of Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt newsletter published a few weeks ago. The IRS’ objectives on this subject are simple; collect every cent of taxes owed as soon as possible. In order to achieve this, the IRS has made the payment process easy by widely
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Offer in Compromise Program Saves Tax Client Over $50K

Saturday, August 20th, 2011

At Tax Resolution Services we choose a very special Tax Client Of The Month.  It is our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. John  M.
Mr. John M. owed the IRS over $61,000 in back taxes. After several months of negotiations with the IRS, we were able
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IRS Tax Expert Talks About Options for Paying Off Tax Debt

Thursday, August 11th, 2011

I’m Michael Rozbruch, a Certified Tax Resolution Specialist, Founder and CEO of Tax Resolution Services. Consumers come to us everyday for tax relief help, especially when it comes to settling back taxes. Some people have heard of the Offer in Compromise program – though not everyone qualifies. Below is a recent question from one of our clients about settling tax debt, and my answer follows, which may be insightful for
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“Man Up” to Your IRS Tax Problems

Tuesday, July 26th, 2011

The “Be A Man” slogan (seen in the video below) is the advertising tagline that I used when starting Tax Resolution Services. The burnout performance by my co-star, the 1968 Oldsmobile 442, emphasizes the serious point of tax problem avoidance.
Unlike a classic muscle car that gets more valuable with age, tax issues, if not dealt with promptly, only get worse.
“Be A Man” simply means that
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Offer in Compromise Program Saves Tax Client of the Month$49,000

Sunday, July 17th, 2011

Every month we choose a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Shawn M.
Mr. Shawn M. owed the IRS close to $50,000 in back taxes. Our negotiations and advocacy resulted in the IRS accepting a settlement of
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IRS Offer in Compromise Explained by Tax Expert Michael Rozbruch

Friday, July 8th, 2011

At Tax Resolution Services we are constantly seeking the best options for clients who are settling back tax debt.  Some people have heard about the Offer in Compromise program – a tax settlement program between the consumer and the IRS – but don’t know all the facts about it.  Below is a great question by a tax client that addresses most people’s concerns about the Offer in Compromise program and
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Tax Client Settles Back Taxes Through Offer in Compromise Program, Saving Over $33,000

Thursday, June 30th, 2011

Every month Tax Resolution Services chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client of the Month is Mr. Michael B.
Mr. Michael B. owed the IRS over $34K in back taxes when he sought our help.  After several months of negotiations, we were
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Tax Expert Answers Question About Resolving Back Tax Problems

Friday, June 17th, 2011

Tax questions from people facing tax problems are common in our office.  Here is a question from a person owing back taxes and our advice on what can be done.
Question: I closed my business a year ago, and then I took some bad advice. I just found out I owe a lot in back taxes, and I’m feeling hopeless and helpless. What can I do?

Answer: Let me first assure
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Back Taxes Owed by ‘Celebrity Apprentice’ Star Marlee Matlin

Tuesday, June 7th, 2011

Back tax debt happens to many people.  The IRS does not discriminate – they aim to collect overdue taxes from everyone, including celebrities.

One of the stars of Celebrity Apprentice owes the Internal Revenue Service $50,000 in back taxes.

Actress Marlee Matlin, 45, told People magazine that she is negotiating a payment arrangement with the IRS. She and her husband, a Burbank, Calif., police officer, are also trying to sell their five-bedroom home
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The IRS Offer in Compromise Program Can Resolve Tax Debt for Qualifying Consumers

Wednesday, May 18th, 2011

Many of our clients at Tax Resolution Services inquire about the Offer in Compromise program - a program established by the IRS to help consumers settle tax debt, usually at a fraction of what they owe.  What most people don’t know is that the Offer in Compromise is a privilege set forth by the IRS and that a person needs to qualify for this program.  How does someone qualify?   Read more from the IRS Question Corner of
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A Qualified Tax Professional Can Help You Clear Up Back Tax Problems

Friday, April 22nd, 2011

Are there ways to be a responsible taxpayer?  Yes there are – even if you have been irresponsible in the past.  A qualified tax professional can help you clear up back taxes owed and prepare you for the future.  If you have a large back tax debt and want to square it away, Tax Resolution Services will first help you file any delinquent tax returns and then will assess your eligibility for
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Tax Expert Educates About Offer in Compromise and IRS Installment Agreement Plans

Wednesday, April 20th, 2011

Tax day has come and gone.  Do you find yourself fretting about back taxes owed and wondering how you are going to pay them off?  You are not alone!  At Tax Resolution Services, we get inquiries everyday about settling back taxes and what tax help services are available.  The questions below are perfect examples – and the answer is from one of our Certified Tax Resolution Specialists:
Question: How do I know if
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Tax Relief News: Nation’s Leading Tax Negotiation Firm Becomes Founding Member of Tax Problem Resolution Services Coalition

Tuesday, April 19th, 2011

In light of the recent dramatic increase in tax relief scams and scam artists charging exorbitant fees and delivering nothing, my team at Tax Resolution Services has joined forces with like-minded tax negotiation firms to form the Tax Problem Resolution Services Coalition (TPRSC).
The goal: spearheading a multi-pronged effort through legislation and media outreach to promote consumer protection from unscrupulous providers of tax resolution. This coalition is consisted of enrolled agents, tax attorneys,
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Tax Day Help: What to Do if You Can’t Pay the IRS

Monday, April 18th, 2011

I was recently quoted in the Fiscal Times article “Tax Bill Blues: What to do if You Can’t Pay the IRS.” Writer Emma Johnson explores how American consumers can feel paralyzed with anxiety when they are looking at a big tax bill but just don’t have the cast to pay it. She also emphasizes the importance of taking action – because ignoring the problem is only going to make  the Internal
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IRS Offer in Compromise Program Saves Tax Client $26,000

Sunday, April 17th, 2011

Every month at Tax Resolution Services we choose a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Markos G.
Mr. Markos G. owed the IRS over $27,000 in back taxes when he sought our help. After several months of negotiations, our team of tax professionals was
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