Posts Tagged ‘owe back taxes’

Owe Back Taxes? Offer in Compromise or IRS Payment Plan Can Help

Tuesday, December 20th, 2011

Question: I’ve been struggling with IRS debt for a couple of years now. How do I know whether the Offer in Compromise or Installment Agreement is the right program for me?

Answer: Ultimately you’ll need to consult in person with a qualified tax professional to find out exactly whether the Offer in Compromise or Installment Agreement is right for you, but it might help if you understand each program and
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Time to Consider Taxes as Year End Draws Near

Monday, November 28th, 2011

With the holidays approaching, it’s a good time to take stock and consider your taxes and financial life — and take time to correct the mistakes.
Thanksgiving just passed, and the holiday season is now upon us.
That means the year is almost over, and with it another tax year.
You’ve been here before, many times actually. We all have. But now is the time — this is the year — to start
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Leading Tax Resolution Specialist on Fox Business News

Thursday, July 28th, 2011

The Government Wants Your Money – was a timely theme for this old interview I did with Fox Business News’ Brian Sullivan (see the video below). Our candid discussion outlined policy changes within the IRS and their stepped up enforcement efforts in the name of tax collection. While the country is slowly digging out of a deep economic hole, it’s not surprising to see the IRS building a solid foundation
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Tax Evasion by Prosecutor Gets Prison Time

Friday, July 15th, 2011

A former Lafayette Parish Assistant District Attorney was sentenced to 18 months in prison and three years of supervised release for tax evasion. He was also ordered to pay $179,661.59 in restitution to the Internal Revenue Service.
According to court testimony, Joseph Floyd Johnson, 50, of Lafayette, La., failed to file his federal income tax return and evaded the payment of federal income taxes for the year 2003 after receiving income
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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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Tax Resolution Services Helps People With Tax Problems But Cannot Help Tax Evaders

Monday, May 30th, 2011

Tax Resolution Services offers affordable solutions to businesses and individuals who find themselves in tax troubles.  If you owe back taxes, need help to file a delinquent tax return, or have been threatened by a tax lien, our team of tax professionals can help you.  However, if you’ve deliberately evaded taxes and are looking to get a pass from prison, you are on your own, like the person in the
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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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IRS Back Taxes Owed by Ozzy And Sharon Amount to $1.7 Million – Seek Professional Tax Help When Owing Back Taxes

Tuesday, May 10th, 2011

Owe the IRS back taxes?  Whether you are a celebrity owing millions or a citizen owing thousands, the key to settling back taxes once and for all is to seek help from a tax professional.  Even Sharon Osbourne, wife of famous rock star Ozzy, admitted that upon hearing there was a tax lien on her house, she enlisted professional help for her back taxes owed.  Smart woman!
Ozzy and Sharon Osbourne, the rock star couple-turned-reality TV
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IRS Zooms In On Tax Cheats In Millionaire Category Such as Colorado Man Who Did Not Report $4.7 Million

Monday, April 25th, 2011

Do you think that only celebrities get targeted for tax evasion?  Not true! The IRS will come after you – famous or not – if you are cheating on your taxes, especially if you are making millions.  I’ve blogged about how the IRS is zooming in on tax cheats in the millionaire category and the following article supports that case:
A Colorado loan preparer has pleaded guilty to tax evasion, admitting
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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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Former Alabama Mayor Finds Out That Tax Evasion is Not The Solution For Tax Woes

Tuesday, April 12th, 2011

Filing a false tax return is not the way to resolve your tax woes.  If you feel over your head in back taxes, seek professional tax help for tax relief.  Tax Resolution Services’ expert tax team has helped consumers file delinquent tax returns, set up IRS payment plans, secure IRS Offer in Compromise settlements (for qualifiying consumers) and much more!  Tax evasion, whether you are a city official or celebrity, is not the answer,
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Tax Professionals Offer Tax Relief Solutions For Back Taxes Owed

Monday, March 7th, 2011

At Tax Resolution Services, we see many consumers who are concerned about how to pay their current taxes owed in addition to any back taxes, interest and penalties they may have accrued for unpaid tax debt.  We reassure them that there are tax relief resolutions available to them.  Our team of Certified Tax Resolution Specialists, tax attorneys, and CPAs find solutions for each and every consumer tax problem that is
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$54 Million Tax Refund Scammer Facing Up To 25 Years in Prison

Wednesday, February 9th, 2011

Honesty is the best policy when dealing with the IRS.  If you owe back taxes to the IRS, it is in your best interest to come forward, before the IRS finds you.  Seeking professional tax help to secure tax relief is highly recommended, especially if you feel that your back taxes owed are more than you can pay.  Tax Resolution Services has a team made up of Certified Tax Resolution
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If You Owe the IRS Back Taxes, There Are Tax Relief Options Available

Monday, January 24th, 2011

At Tax Resolution Services we help people who are struggling with back taxes on a daily basis.  Questions about how to settle back taxes are often asked of our Certified Tax Resolution Specialists.  If you are struggling with back tax debt, there are tax relief options available, as outlined below.Â
Question: There’s no way I can pay what the IRS says I owe. No way whatsoever! They say I owe the
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