As a certified tax resolution specialist, I have said it many times before; it never pays to hide from the IRS. Nowhere is that more apparent than with the government crackdown on off-shore tax evaders. The creation in 2010 of Foreign Account Tax Compliance Act (FATCA) set into motion serious U.S. efforts to combat tax evasion by U.S. taxpayers with investments in offshore accounts. Not only do FATCA regulations have
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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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“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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Foreign Bank Account Report (FBAR) violators be warned that time is running out to report offshore bank accounts.
The time to file is now!

The second (and possibly the last) IRS amnesty program is set to expire on August 31, 2011. We had a recent press release hit about this called Tick, Tock, Tax – IRS Amnesty Program’s August 31st Deadline is Approaching Fast.
With no replacement program on the horizon,
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As we all know by now, the IRS has increased its level of scrutiny of tax payers and audits are increasing. Lara Saunders (Wall Street Journal) wrote an article called Rich Are Targeted in IRS Audit Offensive addressing how the wealthy are being audited at a rate double or triple what was seen in the previous decade.
According to Saunder’s article the wealthiest Americans are being targeted increasingly by the IRS
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Tax Day has come and gone.  Now what do you do with all those files of documents you used to prepare your return? Payroll information, business expenses, and various other documents take up vast amounts of space in the typical small business file cabinet. Do we really need to keep it all? And for how long?
I was recently interviewed by Christopher Null, who explored these questions on Intuit’s Small Business
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In light of the recent dramatic increase in tax relief scams and scam artists charging exorbitant fees and delivering nothing, my team at Tax Resolution Services has joined forces with like-minded tax negotiation firms to form the Tax Problem Resolution Services Coalition (TPRSC).
The goal: spearheading a multi-pronged effort through legislation and media outreach to promote consumer protection from unscrupulous providers of tax resolution. This coalition is consisted of enrolled agents, tax attorneys,
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Today’s Tax Resolution Tip:

Check your mail! The IRS will send you the occasional letter. Make sure you open all letters from them! If it happens to be unpleasant news (such as an audit letter), the location of your audit is a good indicator of how severe that audit could be. The IRS can audit you by mail, in their offices, or in your home.
For more information on IRS tax audits, what
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Do you owe back taxes and feel panicked about how you are going to pay them?  At Tax Resolution Services we meet clients everyday who feel this way.  By seeking out professional tax services, they have started on the right road to tax relief.  Although ignoring your back tax problem may be tempting, it’s not the right thing to do.  And eventually the IRS will catch up to you.  Even
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After a consumer retains us for professional tax representation to help them resolve their tax debt, they often ask us what they can expect.  At this point we share our “Road Map to Tax Resolution” which begins with immediate relief because we will take over all correspondence with the IRS, assign them a case manager who will develop a strategy for tax relief and insure that they are compliant with the IRS (which means helping to file any delinquent tax returns).  After these steps are accomplished,
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Tax Resolution Services is made up of a team of tax attorneys and Certified Tax Resolution Specialists.  We provide tax relief services such as setting up IRS Payment Plans, helping consumers determine if they qualify for the Offer in Compromise program, sorting out tax liens, levies and seizures, working through Payroll Tax Problems and much more.  But if you’ve filed a false tax return or conspired to defraud the United
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With Tax Day quickly approaching, struggling consumers who can’t pay their IRS bills come April 18th will need to know their rights and how to get effective tax help. I will be returning as a weekly guest on the nationally syndicated radio/TV program The Big Biz Show to help educate consumers on tax problem resolution strategies that will help the public resolve their IRS difficulties.
As you may already have read
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Honesty is the best policy when dealing with the IRS.  If you owe back taxes to the IRS, it is in your best interest to come forward, before the IRS finds you.  Seeking professional tax help to secure tax relief is highly recommended, especially if you feel that your back taxes owed are more than you can pay.  Tax Resolution Services has a team made up of Certified Tax Resolution
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For those who hold offshore or other undeclared foreign accounts, it’s time to become compliant. That is the message the IRS is sending to Americans who have sheltered funds in other countries. The IRS has been putting tremendous pressure on foreign banks—with success—to disclose their American account holders. Swiss giant UBS, in the face of legal action by the IRS, finally capitulated and disclosed its American clientele, and the IRS
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With tax-relief firms getting sued by state authorities and making headlines for cheating distressed taxpayers out of thousands of dollars in upfront retainer fees, consumers need to be wary of tax relief pitches that sound too good to be true. Consumers with back taxes and other audit or collection-related problems should beware of unethical trade practices such as guarantees that cannot be delivered on.
In order to gain tax relief, we
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