The IRS has temporarily suspended its controversial plan to fingerprint tax preparers in large part due to objections raised by the American Institute of CPA’s (AICPA). An excerpt from Accounting Today’s article, IRS Delays Tax Preparer Fingerprinting Requirements, shows IRS chief Doug Schulman, acknowledging  they got the message and have decided “to hold off fingerprinting” while they consider all the information received by “interested parties.”  The AICPA letter to the
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If you are considering seeking expert tax help for your back taxes or IRS problems, you might be feeling overwhelmed by the sheer amount of tax attorny and tax relief agencies available. Don’t rush into selecting the first tax resolution service that claims to rid you of your IRS debt for life. That is probably a scam and could cost you a lot more in addition to what you already
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The IRS is seeking to return $153 million in undelivered tax refund checks to taxpayers in 2011. A total of 99,123 taxpayers are owed checks, averaging at total of $1547 per check, due to mailing address errors!
If you are one of the taxpayers still waiting to receive your tax relief refund, follow these steps provided by the IRS to get your earned income back where it belongs and how to
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If you are a current college student or are considering going back to school to further your education you must know that higher education is expensive. You might be surprised to hear that there is some help in regards to taxes. Students actually have a variety of tax credits available to them, if they know where to look. We recently recommended a comprehensive article by Laura Saunders of the Wall Street
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A recent article in Forbes, Officers of Non-profits Face Personal Liabilities for Taxes by Robert Wood made me think about small business, specifically the people behind non-profit organizations (NPO). The well-meaning people who set up NPO’s provide the community at large with charitable programs and services that are usually educational, literary, religious, or scientific in nature. In return, non-profits receive tax-exempt status. By not focusing on putting profits in shareholders
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If you owe back taxes to the IRS, the Offer in Compromise could be the solution to a debt-free life. The Offer in Compromise program does not make outrageous claims – it is a tool that consumers can use to reduce and eliminate their debt, if they qualify.
The Offer in Compromise is not a free gift from the IRS. It can however significantly reduce your debt. The IRS offers this program
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In recent Credit Sussie news, the Swiss bank accused of aiding Americans in cheating taxes with offshore accounts is seeking a dismissal of their indictment by the Justice Department.
In an article by David Voreacos titled Credit Sussie Bankers Said to Seek Dismissal of U.S. Indictment on Bloomberg, Voresacos discusses the bank’s current predicament and the chances of a dismissal of the indictment. According to the article, Credit Sussie is cooperating
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It is always important to keep yourself educated and up to date on current tax changes and laws to make sure you stay out of problems with the IRS before they occur. The same holds true when it comes to picking your tax professional or tax attorney. Take the time to make sure that he or she is certified and can provide recommendations.
To help keep the tax preparation industry in
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In 2012 changes in inflation will be reflected in available deductions, meaning additional tax relief for taxpayers. Tom Herman of the Wall Street Journal wrote a brief article titled A Little Dose of Relief in 2012 outlining some of the tax expenditure changes we can expect in the next year. Below are three deductions the IRS recently made announcements about for  2012:

Standard Deduction: The basic standard deduction for single individuals
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We all know that you can’t hide from the IRS; eventually they will find you. The recent effort to find off-shore tax evaders is a good example of IRS fiscal motivation but their reach is large and wide, particularly for those who no longer live within US borders. What many people may not realize is that if you are a US citizen but live and work outside US borders, the
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A recent press release cites the contribution I made to an article written by Tax Analysts Document Service, Tax Debt Representation Industry Continues to Act in the Shadows. The article was about the criticism lodged against the tax negotiation-resolution industry. In this article, I was quoted as an ethical industry expert, responding to the Federal Trade Commission’s (FTC) incorrect “one-size-fits-all” approach to regulations.
Certainly, there are some firms, whose questionable business practices
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Last week, I shared a checklist questions to ask that will help you avoid getting ripped off by a tax relief “professional” or firm on “The Big Biz Show” Blog.  You can visit the site and read the complete post here:
Tips from The Taxman: Ask the Right Questions to Avoid Getting Ripped Off When Hiring a Tax Professional
“The Big Biz Show” is hosted by Sully & Russ ‘T’ Nailz, two
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With states scrambling to generate more revenue to balance their budgets, California Governor Jerry Brown upped the ante by signing a bill on October 4th, 2011 that aggressively goes after the state’s top tax delinquent citizens by denying their driver’s license and publishing their names for public view.
Celebrities are not above the Hall of Shame —the state’s list of top tax debtors include  Halsey Minor, one of the founders
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The US economy has been slow to recover from the recession, and as a result, many American homeowners have lost their jobs and are unable to find new employment. These same folks, some out of work indefinitely, are struggling to pay their bills and keep a roof over their head. Households who find themselves this far underwater and unable to pay their mortgage may feel forced to consider home foreclosure
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Like all scams out there, if it’s too good to be true, it probably isn’t true. There are many tax scams making extraordinary claims like clearing your IRS back taxes in full. While tax help is available, make sure you investigate and ensure it is the kind of help you need. For help with seeking out the tax help you need, check out our tax attorney services.
Check out 365 Ways to
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