Posts Tagged ‘tax audits’
Tuesday, August 25th, 2009
For self-employed taxpayers whose taxes are not automatically deducted by their employer, it is especially important that they stay on top of their tax returns to avoid IRS penalties. Income from interest and proceeds due to real estate and stock sales are considered taxable income. If you receive money from your real estate or stock sales and do not report these revenues as taxable income, you are inviting yourself
Tags: delinquent tax returns, delinquent taxes, failing to file federal tax return, failure to file, Free Tax Consultation, IRS audits, IRS debt, IRS enforcement, IRS help, irs problems, IRS tax penalties, IRS tax problems, Michael Rozbruch, tax attorney, tax audit, tax audits, tax debt, tax lawyer, tax penalties, tax relief, tax resolution
Posted in Seeking Professional Tax Help, Tax news and tips | No Comments »
Monday, August 10th, 2009
With the new surge in IRS enforcements, you could find yourself in serious IRS trouble if your tax returns are falsified—even if you hired someone else to file your taxes for you. Be careful about signing your tax returns to ensure that you will not be audited and penalized for false returns prepared by someone else.
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Question: I just received a letter from Maine Revenue Commission asking me to file amended
Tags: amended tax return, amended tax returns, false tax return, FALSE TAX RETURNS, filing false federal tax return, Free Tax Consultation, IRS audit, IRS debt, IRS problem solver, irs problems, Maine audit representation, Michael Rozbruch, tax attorney, tax audit, tax audits, tax problems, tax settlement, Tax Tips, unfiled tax returns
Posted in Ask the Expert | No Comments »
Friday, August 7th, 2009
If you are being accused of tax evasion by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it will be wise to keep important records that may later help you prove your innocence to the IRS.
Due to a lack of substantial evidence, a highly educated CPA
Tags: delinquent taxes, failing to file federal tax return, FALSE TAX RETURNS, Free Tax Consultation, IRS audits, IRS debt, IRS help, IRS problem solver, irs problems, tax attorney, tax audit, tax audits, tax cheats, tax fraud, tax lawyer, tax problems, tax resolution expert, tax settlement, Tax Tips
Posted in Seeking Professional Tax Help, Tax news and tips, tax help | No Comments »
Friday, August 7th, 2009
Obama’s latest program to promote environmental-friendliness has recently ran dry of funds. Congress was quick to reassure the American public that the program will continue by allocating $2 billion into the program. The CARS program has been hugely successful and the bill for more funding was passed with the final vote of 316 to 109.
The replenishment of the CARS fund will allow Americans to continue enjoying non-taxable cash vouchers when
Tags: CARS, cash for clunkers plan, Congress, IRS help, IRS payment plan, irs problems, Obama's CARS program, tax advice, tax attorney, tax audits, tax problems, tax relief, tax resolution
Posted in Tax news and tips | 2 Comments »
Friday, July 31st, 2009
UBS has just struck a deal with the US Government to give up 52,000 names of Americans who have Swiss bank accounts. In the upcoming weeks, we can expect to see many guilty tax evaders being charged with heavy IRS penalties as well as innocent account holders who will need to defend themselves. (Read more about the latest UBS settlement.)
It is not uncommon for American businesspeople to hold foreign bank
Tags: delinquent taxes, FBAR, foreign bank account compliance, IRS audits, IRS enforcement, IRS help, irs problems, Michael Rozbruch, offshore accounts, tax audit, tax audits, tax cheat, tax cheats, tax evasion, tax fraud, tax help, Tax Tips, UBS tax settlement, Voluntary Disclosure
Posted in Penalty Abatement, Seeking Professional Tax Help, Taxpayer Rights, Voluntary Disclosure | 2 Comments »
Friday, July 31st, 2009
Check out our latest TRS IRS tax help newsletter for tax tips, IRS insider news, and income tax relief advice.
Many taxpayers who are in IRS trouble have found it difficult to be approved for IRS settlements such as the Offer in Compromise program. Historically, OIC application approval rates have remained under 25%. Recently, the IRS has updated the OIC application forms so that it is easier for applicants to understand.
Tags: FALSE TAX RETURNS, Free Tax Consultation, IRS audits, IRS debt, IRS enforcement, IRS problem solver, IRS tax problems, Offer in Compromise, Offers in Compromise, tax advice, tax attorney, tax audit, tax audits, tax cheat, tax resolution services, tax settlement, Tax Tips, unfiled tax returns
Posted in Tax Relief News, Tax news and tips | No Comments »
Wednesday, July 29th, 2009
Losing the battle with an IRS tax audit can cripple your financial welfare for life. It is extremely helpful (and oftentimes crucial) to seek the professional help of a tax attorney in order to safeguard your financial future.
For those who are unsure whether they want to hire a tax lawyer, there are some helpful “Do’s” and “Don’ts” until you make a final decision on whether or not to seek professional
Tags: Free Tax Consultation, i need tax help, income tax relief, IRS debt, IRS help, IRS problem solver, IRS tax problems, Michael Rozbruch, tax advice, tax attorney, tax audit, tax audits, tax cheats, tax lawyer, tax resolution expert, Tax Tips
Posted in Seeking Professional Tax Help, Tax news and tips | No Comments »
Friday, July 24th, 2009
Many people are skeptical about hiring professional tax attorneys to help resolve their IRS tax problems–some are concerned about saving service fees and others are downright skeptical about their chances of winning.
There has been a lot of misinformation going around about tax resolution scams. There have been stories of official looking IRS snail mail or email that not only steal your identity but also tricks some victims into writing big
Tags: IRS audits, IRS debt, IRS help, IRS problem solver, Michael Rozbruch, tax advice, tax attorney, tax audit, tax audits, tax lawyer, tax resolution services, Tax Tips
Posted in Seeking Professional Tax Help, Taxpayer Rights | No Comments »
Friday, July 17th, 2009
The Offer in Compromise (OIC) application process has been a challenging and burdensome process for many applicants. The privilege of being approved for a OIC closely resembles receiving amnesty from the IRS; you can save thousands of dollars in back taxes, IRS tax penalties and interest.
Recently, the IRS unveiled a simplified version of the OIC application form by splitting the original form into two parts: Form 656 and Form 656-B
Tags: Back Taxes, Free Tax Consultation, i need tax help, IRS debt, IRS problem solver, Michael Rozbruch, nina olsen, Offer in Compromise, Payroll Tax Problems, Penalty Abatement, tax attorney, tax audits, tax expert, tax lawyer, tax resolution, tax settlement, Tax Tips, Taxpayer Advocate
Posted in Offers in Compromise, Penalty Abatement, Tax Debt Help News, Tax Relief News, Tax news and tips | 1 Comment »
Friday, July 10th, 2009
As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions? Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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QUESTION:
Tags: ask the tax expert, Back Taxes, cancellation of debt, credit card debt, income tax relief, IRS Bank Levies, IRS debt, IRS tax problems, Michael Rozbruch, non-taxable income, Payroll Tax Problems, tax audits, tax help, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert | No Comments »
Tuesday, June 30th, 2009
As a tax resolution specialist, I provide IRS tax help to individuals and businesses every day - and I can help you solve your IRS problems!
Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
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QUESTION: If the statute
Tags: IRS Bank Levies, IRS Payment Plans, IRS property liens, IRS statute of limitations, IRS tax help, IRS tax lien, Michael Rozbruch, Payroll Tax Problems, tax audits, tax problem, tax relief, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert | No Comments »
Tuesday, May 26th, 2009
While Geithner has told Congress that there will be no income tax increases until 2011, his recent proposal to Congress requested additional funding for improved IRS collection operations and increased scrutiny of tax returns.
We’re already seeing the IRS cracking down on both small businessess and individuals with increased tax audits and aggressive collection tactics including bank levies.
Anyone who owes back taxes in this down economy will need to know how
Tags: Back Taxes, bank levies, delinquent tax returns, delinquent taxes, geithner, income tax rate, IRS audits, IRS enforcement, IRS help, irs problems, Michael Rozbruch, small business taxes, tax attorney, tax audits, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, tax returns, Tax Tips, unfiled tax returns
Posted in Tax news and tips | 1 Comment »
Tuesday, April 21st, 2009
I recently appeared as the tax expert on Financial Lifeline Radio with hosts Dave Harbison and John March.We talked about all the tax buzz this year. It’s almost become a cultural movement in this bad economy with everyone struggling with tax debt - we’re seeing all the tax tea parties and stimulus packages making headlines.
Not to mention, it seems like you must have tax problems to be nominated by the
Tags: bank levies, dave harbison, delinquent tax returns, economic stimulus, failing to file federal tax return, financial lifeline radio, IRS help, john march, Michael Rozbruch, stimulus PAYMENT, tax attorney, tax audits, tax cheats, tax debt, tax expert, tax help, tax problems, tax resolution, tax resolution expert, tax resolution services, tax tea parties, unfiled tax returns
Posted in Tax news and tips | 1 Comment »
Saturday, April 4th, 2009
In attempts to close the tax gap, the IRS is increasing tax compliance and aggressively taking action against tax cheats and tax promoters. As the tax gap grows, more Americans than ever will be facing audits and the IRS will be re-asserting it’s position on individuals who maintain frivolous arguments for not paying their taxes.
CCH (http://tax.cchgroup.com/) reports:
Sanctions were properly imposed on an individual who advanced a frivolous argument that he was not
Tags: Back Taxes, frivolous appeal, frivolous argumemt, IRS audits, IRS debt, IRS enforcement, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, tax attorney, tax audit, tax audits, tax cheat, tax cheats, tax compliance, tax evasion, tax expert, tax gap, tax help, tax promoters, tax protester, tax relief, tax resolution, tax resolution expert, tax resolution services
Posted in Tax news and tips | 1 Comment »
Monday, March 30th, 2009
According to a recent article in the Wall Street Journal, a push by the IRS to be more aggressive with wealthy taxpayers means that it’s critical to know the common tax audit red flags.
The IRS has been strongly disputing a report this week from the Transactional Records Access Clearinghouse that says audits of the wealthy Americans have significantly dropped off.
nificant drop in audits of richer Americans
Taxpayers who make more than
Tags: audit red flags, audit triggers, IRS audit, IRS enforcement, IRS problem solver, IRS tax problems, Michael Rozbruch, tax attorney, tax audit, tax audits, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, wealthy taxpayers
Posted in Tax news and tips | No Comments »