Happy Friday! Tax Day Countdown: 24 days. If you are deciding to hire a tax professional at this stage, make sure you read the following seven tips for choosing a tax professional to help you make a more informed decision. It could help you decide your needs as well as avoid any future IRS tax problems.

Make sure the tax professional has a year round business – Some professionals only work on
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It’s one thing to say you’re a “tax resolution specialist” but it’s another to back up that designation with formal credentials. At Tax Resolution Services, Co., (TRS), we require that all of our Tax Attorneys, CPAs and Enrolled Agents meet additional educational, experience, and examination requirements prescribed by the American Society of Tax Problem Solvers (www.ASTPS.org) making them Certified Tax Resolution Specialists (CTRS).
Founded in 1998, Tax Resolution Services, Co. is
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This week’s Tax Spotlight video explains what taxpayers need to do before they hire IRS tax resolution firm. For those seeking tax relief, this information is important because you many choices in the marketplace, however, not all of them are good.

Since I began work in the tax resolution industry (in 1998), I have seen a rise (and fall) by some dishonest firms whose sole purpose is to mislead and deceive
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I started Tax Resolution Services (TRS) in 1998 to help consumers resolve their IRS tax issues. Back then, we were pioneers because virtually no one was handling tax resolution cases. If they did, it was generally for high net-worth clients not regular folks whose fear of their tax debt paralyzed and overwhelmed them. The last 14 years have been rewarding because TRS has been able to help thousands of taxpayers
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Since starting Tax Resolution Services (TRS) in 1997, I have seen my share of tax resolution firms come and go with some firm closures so large their demise made news headlines. As an industry pioneer and national tax resolution expert, I discovered a few secrets to staying in the game were to provide excellent customer service and hire and train great people.
The latest TaxMan video gives viewers a chance to
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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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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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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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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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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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There is little doubt that wealthy Americans are under scrutiny for tax collection. Nowhere is this more obvious than for those who have offshore bank accounts. More U.S. citizens living abroad are deciding to renounce their U.S. citizenship instead of facing IRS tax problems concerning new U.S. tax regulations namely the Foreign Account Tax Compliance Act (FATCA) aimed at curbing tax evasion.
The subject of renouncing citizenship made front page headlines
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If you recently discovered errors on your recent tax return, you don’t have to wait another year, just amend it. I just read two separate (but related) articles on how common it is to find errors after filing that address how taxpayers can amend their returns.  Combined tips inspired by articles from the Orange County Register’s How to Fix Your Messed-Up Tax Return and Wall Street Journal’s How to Amend
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Going through a divorce is difficult enough. Settling financial matters with your ex (or soon to be ex-spouse) can be tough to accomplish…but in order to avoid future IRS tax issues; necessary. To help with divorce and IRS stress, I wanted to share a Reuters article called Tax Planning for The Divorcing and the Newly Divorced provides information on the most common tax planning questions so couples can begin to
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Small business is no stranger to payroll tax problems, but when a city becomes a victim, it makes headlines. An article from WTOK.com Channel 11 entitled IRS Says York Failed to Make Payroll Tax Payments reported that a representative from the Internal Revenue Service traveled to York, Alabama to meet with city officials to discuss their specific tax issue: unpaid payroll taxes.
It appears that the city administrator, Tim Sweezey and
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In another chapter of the IRS versus the Swiss Banks saga, Republican Senator Rand Paul from Kentucky has recently blocked an amendment to a U.S.-Swiss tax treaty that provides the IRS data on Americans with hidden offshore bank accounts. Paul believes the protocol is too “sweeping” and would threaten taxpayers’ Fourth Amendment rights that guard against unreasonable search and seizure.
Bloomberg’s article Rand Paul Seeks to Block Tax Treaty Change on
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