Posts Tagged ‘tax advice’

Tax Resolution Services – Weekly Tax News Round-Up

Friday, April 5th, 2013

Just ten days until April 15! On the run up to tax day, we do our best to provide tax relief tips for last minute taxpayers. The tax news topics covered this week include: the annual IRS Data Book release, the official release of the 2013 IRS Dirty Dozen List, a little tax relief humor at Uncle Sam’s expense, tips on filing and tax payments.
Tax Help Tips on Filing and
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IRS Lists ‘Dirty Dozen’ Tax Scams: Don’t Fall Victim!

Tuesday, April 2nd, 2013

The IRS has released its annual list of the top 12 tax scams. Make sure the tax advice you’re following isn’t on this list.
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If it’s too good to be true, it probably is.
That well-worn maxim applies to many things in life.
Including, of course, tax advice.
Someone saying you don’t need to pay taxes? Others claiming they can help you hide money off shore?
It’s all too good to be true.
In fact, some
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Chart Shows Fiscal Cliff Tax Increase for Americans

Monday, January 7th, 2013

Now that the “fiscal cliff” crisis has been averted and the dust is settling, we see that taxes for most Americans are going up. The wealthy 2% will see their tax rates increase and the other 98% will see their taxes rise because the payroll tax cut just ended.
A CNN Money article titled: “How Much More Will You Pay” provides a useful chart from the Tax Policy Center showing how
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Avoiding IRS Tax Issues over Alternative Minimum Tax

Friday, December 7th, 2012

The fiscal crisis has dominated this week’s news. Surprisingly absent in the current conversation is how going over the “fiscal cliff” will affect the Alternative Minimum Tax (AMT) and increase tax liabilities for tens of millions of Americans. A Newsmax Money News Article titled Alternative Minimum Tax May Play into Cliff Talks was one of very few articles to explain to ordinary taxpayers what it means if lawmakers don’t address
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National Debt Cannot Be Solved by Taxing the Rich

Wednesday, July 25th, 2012

Taxing America’s most wealthy citizens will not even come close to accomplishing the goal of balancing the budget. It’s actually a joke to even suggest that it would.

New Offer in Compromise Policies Bring Tax Relief

Wednesday, May 30th, 2012

The May 21st IRS announcement offering flexibility to the Offer in Compromise Program (OIC) is BIG NEWS as it could provide tax relief to many financially distressed taxpayers like never before. The erecent Forbes articles Are Tax Collectors the New Men in Black? and New IRS Offer in Compromise Policies discuss the IRS changes of two criteria: the financial analysis used to determine who qualifies for an Offer in Compromise
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Tax Resolution After Receiving IRS Audit

Tuesday, May 29th, 2012

For over fourteen years, my firm, Tax Resolution Services, Inc., has provided tax relief services to great people who were badly in need of tax help.
In the latest Tax Man episode, I sit down with a Tax Resolution Services client, Dan R to ask him how he reacted after receiving his first IRS audit notification in the mail.

Dan was overwhelmed because he didn’t know what to do and were to
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New Changes to Offer in Compromise – More Flexibility

Thursday, May 24th, 2012

The IRS announced this week it changed some of the rules that govern the Offer in Compromise (OIC) program – more flexibility meaning more folks can qualify.  An article in Reuters entitled IRS Widens Taxpayer Debt Forgiveness Program and in Accounting Today entitled IRS Makes Offer in Compromise Program More Flexible outline these changes aimed at giving more American taxpayers flexibility to repay their tax debt as part of the
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National Association of Tax Resolution Companies Inaugural Conference

Tuesday, May 22nd, 2012

The National Association of Tax Resolution Companies (NATRC) inaugural conference in Washington D.C., May 20-21 had several important agenda items. Perhaps the most important was the discussion on how to best regulate companies using deceptive and misleading advertising practices to lure in vulnerable consumers looking to resolve their IRS tax issues.
These companies, called lead aggregators/generators, hook unwitting consumers by promising IRS debt relief for “pennies on the dollar” then hand
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The Tax Man Gives a Tour of Tax Resolution Services

Friday, May 18th, 2012

For fourteen years, I have helped people just like you solve IRS tax problems including IRS audits and having no money to pay off back tax debt. For those currently needing IRS relief, I’m happy to announce that you are in luck; the Tax Man is here with a new tax help video series.

The purpose of this Tax Man video series was to give taxpayers in need of tax relief
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Tax Relief-Bankruptcy and Tax Debt

Tuesday, May 15th, 2012

With the recession in its fourth year, financially distressed consumers are turning to bankruptcy as a means to wipe their financial slate clean including getting rid of their tax debt. However, what many do not realize is that not all tax issues are discharged in bankruptcy. A Bloomberg BusinessWeek article entitled Court says farmers must pay bankruptcy tax reported on a recent Supreme Court ruling that firmly stipulated there be
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Tax Expert Leads Free Webcast for Tax Practitioners

Tuesday, May 8th, 2012

Eva Rosenberg is known as the TaxMama®, giving out much needed tax information to those in trouble with the IRS and doing all of it with a mother’s touch.
Tomorrow, Wednesday May 9th at 12:00pm (Pacific) it’s time for me, the TaxMan to meet the TaxMama and deliver sound advice through a complimentary (that’s FREE) live webcast. The topic we’ll be focusing on is “IRS Practice: Overview of Collection Issues.”
If you
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Tax Man Gives Tax Relief Tips on Big Biz Show Blog

Tuesday, May 1st, 2012

I recently posted tax relief tips on the Big Biz Show blog. Here is a link to the blog post and I would encourage readers who missed the tax deadline to take a look.
With tax season a recent memory and many still facing difficult tax issues, the topics covered in the post focused on how to deal with these common IRS tax problems:

IRS audits
Delinquent tax returns
Tax debt payment options: using
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Tax Help for Taxpayers who Missed April Deadline

Friday, April 20th, 2012

Happy Friday!
I am relieved that tax day is now just memory for most taxpayers. Those who did not file or request a filing extension here are some tough facts to consider – consumers are legally obligated to file their tax returns; not filing means facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in
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Tax Resolution Services Offers Returning Veterans Free Tax Advice

Wednesday, April 18th, 2012

As a member of the American Society of Tax Problem Solvers (ASTPS) Returning Combat Veterans Program, Tax Resolution Services is honored to offer free tax services for to military personnel returning from combat duty facing IRS problems and in need expert tax relief.
According to a USA Today article released yesterday entitled Troops owe IRS $390 million, some military men and women are finding themselves exiting a war zone to come
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