Posts Tagged ‘tax audits’

Why the IRS Picks on Small Businesses and How to Avoid Triggering an Audit

Tuesday, January 27th, 2009

I was recently interviewed by Business Pundit blogger Lela Davidson. She asked me lots of great questions about small business taxes and how to avoid being an IRS target. I provided her with insight into important tax issues facing new businesses and how to avoid the big mistakes that many small business owners make.
There are many things small businesses can do to avoid getting audited. But if you still find
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2009 Expected to Be a Record-Breaking Year for IRS Enforcement Despite Dip in 2008 Results

Tuesday, January 13th, 2009

In 2008, the IRS collected $56.4 billion – $7.7 billion more than in 2006. This was only slightly down from 2007’s record year of $59.2 Billion.
The audit rate is 100% higher today than in 2000!  Nearly 1.4 million Americans were audited in 2008, just over 1% of all returns filed.  Correspondence/ mail audits, otherwise known as CP-2000 letter audits are up nearly 34% from 2000 levels.
The 2008 collection enforcement numbers
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Check Out my Guest Article on ResourceNation.com and Find Out How to Protect the Future of Your Business from IRS Audits

Monday, January 5th, 2009

I was recently approached to write a guest article for resourcenation.com, a great site for anyone interested in planning, starting and growing a business! In addition to helping business owners and managers identify qualified vendors, the site also features great articles from industry experts!
Check out my tax expert article: With IRS Audits on the Rise, Knowing How to Avoid or Resolve a Tax Audit Could Save You Money and Protect
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Tax Amnesties Offered as Solution to Major State Tax Increases

Thursday, January 1st, 2009

A recent article in the Wall Street Journal looked at how the broad-based tax increases may be just around the corner in 2009 as many state budgets are being ravaged by the recession.  There may also be a push to boost personal income taxes as well as state sales taxes.
The article suggested a few revenue tricks for states to employ to stave off major tax increases including:
Dangling tax amnesties. Offering
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How to Make Deals with the IRS on Taxes Owed – Reduce Tax Debt Including Interest and Penalties!

Wednesday, December 31st, 2008

I recently blogged about offer in compromise settlements and my guest appearance as the tax expert on Strictly Business on BlogTalkRadio.com earlier this month. In addition to sharing some insider secrets of tax relief with business owners and individuals struggling to overcome their tax burdens, I also talked to host Anna Banks about how to end audits quickly and how to make a deal with the IRS on taxes
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Overcoming Tax Burdens – Insider Tips For Qualifying for an Offer in Compromise

Tuesday, December 30th, 2008

Far too many business owners and individuals are looking over their shoulders in fear of the IRS. I appeared as the guest tax expert on Strictly Business on BlogTalkRadio.com earlier this month to share some insider secrets of tax relief with business owners and individuals struggling to overcome their tax burdens.
I discussed some of the tax resolution strategies we employ with the program’s host Anna D. Banks, a business coach
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TRS on KLOS Part 1: Knowledge is Power When Dealing with the IRS

Thursday, May 8th, 2008

Michael Rozbruch of Tax Resolution Services recently appeared on KLOS 95.5FM to share some valuable tax tips and other important information that everyone should know when dealing with the IRS. Here’s Michael’s recap:
Among other things, I was asked how I could love my job so much when taxes are so boring. And I said it’s because this is the most rewarding thing I’ve ever done in my life. When I
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