Tax problems are tough to deal with–especially when the economy is not looking good. While it may be difficult to talk about your tax problems, it’s important for you to know that there are many taxpayers just like you who have resolved their overwhelming IRS debt by seeking professional tax help.
There are many reasons why taxpayers procrastinate on resolving their tax problems. Oftentimes, it can be easy to get paralyzed
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While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.
This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will
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Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid
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More than 7,500 Americans rushed to take advantage of a the opportunity for tax amnesty offered through a special voluntary disclosure program for offshore accounts that ended last Thursday. But what can you do if you didn’t come forward to the IRS last week and still need to declare your offshore account?
If a U.S. taxpayer or U.S. resident was not able to file the voluntary disclosure memorandum by the October
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Celebrities, just like average taxpayers, can run into serious IRS problems. You have an edge over the high-profile celebrity tax cheats in that you can learn how to avoid IRS tax problems from the worst celebrity tax evasion cases.
Recently Access Hollywood compiled a list of celebrity tax cheaters who found themselves in deep IRS trouble with Uncle Sam. With thousands of fans and loyal followers, ending up on the
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During down economic times where money is scarce, having IRS tax debt is the last thing anyone needs on their plate. Yet, many Americans are staying up at night plagued by anxiety over their tax problems without knowing what to do.
We have recently launched TRS Files, which features real-life individuals just like you who found themselves being targeted by the IRS and their life-changing decisions to put their tax troubles
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As the economy continues to lag and taxpayers battle their anxiety over IRS tax problems such as back taxes, bank levies, and paying off IRS penalties, a Southern California competitor, Effectur, has officially shut its doors.
Due to the poor economy and a lack of cash flow to sustain normal business operations, Effectur announced its closure on its website that is lender has repossessed all company assets including money paid by
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Back taxes and IRS penalties can add up to an overwhelming amount if not resolved as soon as possible. If you do find yourself in a position where you’re unable to make payments to the IRS because your income is barely covering your living expenses, don’t hesitate to get tax help. Getting started on resolving your tax problems is always better than doing nothing about them.
Even people who have gone
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Skimming cash off the top of your business only gets you in trouble.   Often people underestimate the eyes and ears of the IRS and think that they can get away with taking just a little home tax-free.  Most of these people get caught!  Unfortunately the IRS is not perfect either - sometimes people get caught for innocent mistakes too and if you find yourself in an IRS audit, you will need professional tax
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This Thursday’s deadline for Amnesty has many wealthy Americans with foreign bank accounts nervous and scrambling to get tax help from their tax attorneys. Don’t miss your chance of significantly reducing your likelihood of facing criminal prosecution–if you have foreign bank accounts (either with UBS or some other foreign bank) with funds that you have not paid taxes on, get tax help now before it’s too late.
The issue started this
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To help taxpayers like you and me survive through this economic recession, the government is making efforts to put more money in the people’s pockets–especially those who make a low income, Social Security and Railroad Retirement beneficiaries, and recipients of certain veteran’s payments.
You can find out if you qualify to receive the economic stimulus rebate by checking out the Q & A on the IRS website.
The pre-requisite for anyone wishing
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Tax fraud is committed every day.  One criminal act that seems particularly popular, that I’ve blogged about again and again, is filing false federal tax returns.  People do it for various reasons - I suspect that two of the top reasons would be to avoid paying taxes or to get a substantial tax return from the IRS, lining their pockets - and offshore bank accounts - with money.   But what good is money
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Recently I appeared on the Big Biz Show with Russ and Sully to talk about how it is imperative for taxpayers to understand that it is better to send in a check for $5-$10 to the IRS with their tax return than to not file at all. Listen to my full interview on how to resolve and avoid back taxes.
As a tax attorney, I meet clients every day who
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After his comeback fight with Juan Manuel Marquez, Mayweather Jr. agreed to pay the IRS $5.6 million in back taxes before the IRS took it out of his purse.
According to the LA Times, “the IRS sent the Nevada Athletic Commission a levy notice on Sept. 4 ordering Mayweather’s unpaid taxes from 2007 to be deducted from his $10-million fight purse.” Essentially, the IRS managed Mayweather’s cash flow for him by
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Failing to pay personal income taxes for three years, Grammy Award-winning hip-pop star Method Man turned himself into the Staten Island DA’s Office to face felony charges.
The Wu-Tang member whose real name is Clifford Smith has now added IRS criminal charges to his rap sheet.
Tax problems will find anyone who ignores their accumulating back taxes. It can be overwhelming to anyone who has back taxes but isn’t sure how to
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