The latest edition of tax help news covering anything and everything tax! Check out some of the interesting tax news we’ve Stumble(d)Upon this week, including your pick of last, last minute tax tips, celebrity tax woes, the typical tax cheat, offshore tax regulation and more!
At Tax Resolution Services, Co. keeping up with news from the tax blog-o-sphere is key in ensuring we offer expert tax help and helping us educate consumers
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I recently came across an interesting article on CNN with some surprising stats. In Tax cheats: Single, young and male, an annual survey conducted by DDB Worldwide Communications Group found that the typical American tax cheat is male, single and under the age of 45. According to the survey:

15% of Americans surveyed fessed up to fudging their tax returns
64% of those people were men, according to the survey of consumer attitudes and behavior.
35%
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This week, the Internal Revenue Services announced a new program for limited amnesty to help crackdown on Offshore Tax Evasion cases.  The Wall Street Journal covered this in an educational article called: IRS Sets Offshore Amnesty, Part II.
Author Laura Saunders quotes the IRS in regards to the first limited amnesty program that ran in 2009 from March to October, “More than 15,000 taxpayers stepped forward to confess to holding offshore accounts.”  The penalties are tougher than
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The Washington Associated Press wrote a great article called: IRS reduces penalties if tax cheats come clean. “This tax season it’s best to fess up and come clean when it has to do with hidden overseas assets, says IRS Commissioner Doug Shulman.”  The International Revenue Service just announced that it is willing to give offshore tax evaders until August 31st, 2011 to settle their dispute with a reduced fine and penalty
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2011 may be here already, but that doesn’t mean 2010 tax relief tips can’t be an important educational tool for future 2011 tax filing. Recently I sat down for an interview with Deborah at RTTNews.com to discuss how to make the most of your 2010 tax deductions.
When talking about tax deductions it is always important to remember that consistency is key. As a Certified Tax Resolution Specialist I
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After the deal almost fell apart, the Swiss parliament and Swiss bank UBS agree to provide data to the IRS, finally collapsing the world’s most famous tax shelter.
With an historic deal on the brink of collapse, the Swiss parliament has approved the release of banking data to the Internal Revenue Service.
The deal, brokered in the wake of a Department of Justice investigation of Swiss banking giant UBS, pierces the Swiss
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Cheating on taxes is no laughing matter.  I blog about tax cheats again and again and guess what they all have in common?  Prison!  The IRS is not lenient on tax cheats and as a Certified Tax Resolution Specialist, my best advice is to not cheat on your taxes in the first place!  I can’t tell you why people cheat on their taxes, but I can say that if you are
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Tax cheats, beware!  The IRS is watching you – I can’t tell you how, when or where, but the IRS can see you!  I’ve blogged about people evading taxes before – in fact the article below was an example of how the IRS is ramping up prosecutions of tax cheats – and I will blog about it again to let you know that we, a group of tax professionals and tax attorneys at Tax
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With IRS enforcement on the rise – more people than ever will need expert and qualified IRS tax relief. If you’ve put yourself in a situation for which you could be prosecuted on tax charges, there’s something you should know: Your chances of convictions are high.
There are not many situations scarier than being in tax trouble. Whether you’re worried about the tax man knocking at the door or staring down
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Jim Angle of FOXnews.com reports that Americans involved in hiding offshore funds in Swiss Bank UBS have inspired the IRS to establish a new unit which will track high-wealth individuals operating globally. The IRS is ready to get to the bottom of the $300 billion tax gap that has been haunting the federal government for the past few years.  They’ve invested $20 billion in the program in order to guarantee
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As a Certified Tax Resolution Specialist, I’ve seen how rough the last couple of years have been for tax cheats in the United States. But the bad news is the IRS has plans to put even more pressure on tax cheats in 2010.
For middle-class tax cheats, there was the Caribbean scheme. U.S. taxpayers living in the United States would stash their money in a Caribbean bank account, then link that
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It may resemble a chapter out of 1984 but the recent surge of whistle blowers to the IRS about tax cheats comes as no surprise since these whistleblowers are getting paid enormous sums of money for “telling on their neighbors” for owing back taxes.
A recent Forbes article revealed that a new federal rewards program dishes out cash to people who turn in friends, relatives and employers for fudging their
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Before the UBS deal of 2009 that sent overseas account holders scrambling to submit their voluntary disclosures before October 15th’s amnesty deadline, many people believed a number of IRS myths: that Swiss Bank Accounts are a “tax fortress” impenetrable by the IRS or that the IRS only cared about the “bigger fish.” However, as we have seen in the past couple of months, this is clearly not the case anymore.
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If you are currently dealing with tax problems, now is a good time to get tax help before the new tax hikes kick in. The Obama Administration is continuing with its steadfast endeavor to collect back taxes as well as to collect more taxes from the wealthy and powerful.
Currently planned for 2011, Obama’s biggest tax hike will affect married filers making over $250,000 and singles making more than $200,000. In
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UBS and the U.S. and Swiss governments are nearing a settlement over the Swiss bank’s forced disclosure of 52,000 names of  U.S. clients suspected of tax evasion.
While the final form of agreement is not yet in place, there are many implications for U.S. taxpayers, including innocent offshore account holders who did not use their Swiss accounts to evade taxes. They may be heavily investigated, so it will be
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