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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If you are receiving calls and mail from the IRS, the last thing you want to do is ignore them! IRS problems grow with time and will only get worse. Don’t let penalties and interest add onto the debt you owe. Start tackling your IRS problems now by acknowledging your tax problems and taking action to resolve them.
If you owe back taxes to the IRS take the first step in clearing
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IRS wage garnishments are very serious. They can be financially disabling to taxpayers and consumers. If you have a wage garnishment, it will stay in place until the IRS is fully paid all money owed or until they agree to release or amend the garnishment.
For more information on wage garnishments and how you can get help, read our IRS Wage Garnishments FAQs.
Find more daily tax tips on 365 Ways to
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Today’s Tax Resolution Tip:
If you’ve taken the first step in resolving your unsettled back taxes you have admitted you have a tax problem and need tax help. But where to go for help? There are many firms and individuals claiming to resolve your tax problems forever. However, you need to make sure any tax assistance you seek is relevant to your individual tax problem.
If you are considering hiring a Certified
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Today’s Tax Resolution Tip:
Once you file your yearly tax return, you might be tempted to get rid of all the receipts, forms, calculations and documentation lying around on your living room floor or home office. However, it is important you keep your tax documents for each tax return for at least 7 years. Copies of your tax return should be kept indefinitely.
Your tax returns do not disappear once you file them.
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“When Bad Things Happen to Good People” is an appropriate title for the recent episode of Business Day TV with Terry Bradshaw featuring an interview with the leaders of Tax Resolution Services, Co.

This special episode acknowledges the poor economic realities currently facing many Americans, some for the first time and often through no fault of their own. Negative life altering events such as job loss, death of a loved one
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Today’s Tax Resolution Tip:
You may be surprised to hear that back taxes owed have an expiration date. That’s right, the IRS, by law, has 10 years from the date of assessment to finish collection of back taxes, which is referred to as the “Expiration of Back Taxes: Statute of Limitations on IRS Collections.”  This means that after 10 years, if the IRS have not collected back taxes owed, they can
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