Posts Tagged ‘tax debt’
Friday, May 17th, 2013
The stories that caught our attention this week ranged from tax evasion and fraud, to how the Offer in Compromise Program can help consumers, erasing tax debt in bankruptcy to the increase in IRS criminal investigations to the IRS under intense scrutiny.
The IRS Gets Scrutinized – By far the biggest IRS story this week revolved around the IRS itself! The agency is being closely examined for unfairly targeting conservative
Tags: Back Taxes, certified tax resolution specialist, IRS installment agreement, IRS penalties, IRS tax debt, Offer in Compromise, tax attorney, tax debt, tax fraud, tax help
Posted in Tax Problem FAQs | No Comments »
Wednesday, May 15th, 2013
Question: I am filing bankruptcy to get out from underneath debt brought on by some bad financial decisions. Can I discharge in bankruptcy the IRS back taxes I owe for tax years 2008 and 2009 that amount to roughly $25,000? I am struggling financially to pay off all the debt I incurred in this mess but am particularly overwhelmed with the tax debt. Do I have any chance at tax
Tags: certified tax resolution specialist, IRS back taxes, IRS installment agreement, Michael Rozbruch, Offer in Compromise, tax attorney, tax debt, tax relief, tax relief bankruptcy
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, Discharging Taxes in Bankruptcy, Expert Help From Tax Attorney, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News, Tax Resolution Options and Alternatives, income tax relief, tax help | No Comments »
Monday, May 13th, 2013
Just last week, the IRS Criminal Investigation (CI) released its Annual Report for 2012 showing strong increases in enforcement actions and IRS penalties imposed on convicted tax criminals for the year ending Sept. 30, 2012. According to the IRS bulletin announcing the report’s release, the criminal investigation division investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the
Tags: audit, certified tax resolutution specialist, Identity Theft, IRS Criminal Incestigation (CI), IRS penalties, IRS tax issues, IRS tax settlement, offshore bank accounts, tax attorney, tax audit expert, tax debt, tax fraud
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS Installment Agreements, IRS payment plan, IRS tax audit, Offshore Tax Settlements, Tax Evasion Advice, Tax news and tips, Voluntary Disclosure, tax help, tax resolution | No Comments »
Thursday, May 9th, 2013
If you have tax troubles that haven’t been addressed, it’s time for you to see a tax professional and get to know your options.
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I remember his face, clear as day.
Panicked — that’s the only word to describe it.
I shook his hand; it was a clammy. He was nervous.
For the sake of this column, I’ll call him Bill. At the time, he was my newest client.
Bill was holding a copy of
Tags: bad tax advice, eliminate tax debt, get out of tax debt, Offer in Compromise, paying back taxes, Qualified Tax Professional, reduce tax debt, tax client, tax debt, tax problems, tax recovery, tax resolution services, under reporting income
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Tax Cases, IRS Times and Inquirer, Offers in Compromise, Tax Resolution Options and Alternatives, tax resolution | No Comments »
Tuesday, May 7th, 2013
Apparently, Lauryn Hill’s “Miseducation” may relate to how badly she handled her IRS tax problems. According to Accounting Today’s article titled: Fugees Singer Lauryn Hill Sentenced to Prison for Tax Evasion, Hill was sentenced Monday to three months in prison plus three months home confinement for failing to file tax returns for five years and not reporting more than $2.3 million in income. The article explains the terms of her
Tags: certified tax resolution specialist, IRS problem solvers, irs problems, IRS tax problems, tax attorney, tax audit expert, tax debt, tax evasion, tax resolution
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, Celebrity Tax Woes, Seeking Professional Tax Help, Tax Evasion Advice, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help, tax resolution, tax resolution services | No Comments »
Monday, April 22nd, 2013
Just because the April 15 tax deadline passed doesn’t mean people who owe back taxes should stand idly by. It’s time to “man up” to the challenge and resolve your IRS tax issues with the help of an expert tax resolution professional. But who do you choose? On a video episode from the Midday Sunday Fox 11 with host Tony Valdez program, I explain how the tax resolution industry has
Tags: American Society of Tax Problem Solvers (ASTPS), certified tax resolution specialist, Installment Agreement, IRS audit, IRS payment plan, IRS tax issues, IRS tax settlement, Offer in Compromise, owe back taxes, tax debt, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Back Taxes, IRS payment plan, IRS tax audit, Offers in Compromise, Tax news and tips, tax help, tax resolution | No Comments »
Tuesday, April 9th, 2013
IRS audits process are often a random selection. However, there are some triggers that can set the audit wheels in motion and bring on further examination and the possibility of paying more to the tax man. An MSN article titled: “What triggers an IRS audit?“ shines some light on how the IRS selects returns for audit and the criteria that sets these returns apart from the rest.
Audits on the Rise
The
Tags: Back Taxes, certified tax audit specialist, Installment Agreement, IRS tax attorney, irs tax relief, Offer in Compromise, tax debt, tax lien, tax relief, Tax Resolution University
Posted in Tax Problem FAQs | 1 Comment »
Friday, April 5th, 2013
Terrell Owens, a six-time NFL Pro Bowl wide receiver, has caught an enormous tax bill from the Internal Revenue Service.
According to celebrity news website TMZ, Owens — popularly known by his initials, T.O. — owes $430,000 in unpaid taxes for the years 2007 and 2009.
During the years Owens racked up the IRS debt, he had lucrative contracts to play football for the Philadelphia Eagles, Dallas Cowboys and Buffalo Bills.
Since not
Tags: back tax debt, celebrity tax problems, Celebrity Tax Woes, IRS debt, tax debt, tax evasion, tax resolution services
Posted in Back Taxes, Celebrity Tax Woes, IRS Tax Cases, IRS Times and Inquirer | No Comments »
Friday, April 5th, 2013
Just ten days until April 15! On the run up to tax day, we do our best to provide tax relief tips for last minute taxpayers. The tax news topics covered this week include: the annual IRS Data Book release, the official release of the 2013 IRS Dirty Dozen List, a little tax relief humor at Uncle Sam’s expense, tips on filing and tax payments.
Tax Help Tips on Filing and
Tags: IRS enforcement, IRS payment plan, IRS tax problem, Michael Rozbruch, tax advice, tax debt, tax help, tax problems, tax relief, Tax Tips
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Tax Help Video, Tax Relief News, Tax news and tips, income tax relief, tax help, tax resolution | No Comments »
Thursday, April 4th, 2013
During my interview last tax season on the Midday Sunday Fox 11 with host Tony Valdez program, Mr. Valdez posed a scenario that many today may be facing: they have finished preparing their taxes, but don’t have the money to pay them. What should they do? This is a common question and the good news is that taxpayers with tax debt have options! Below the video, I offer some solutions.
If
Tags: certified tax resolution specialist, Installment Agreement, IRS audit, IRS tax debt, IRS tax settlement, Midday Sunday Fox 11 News with Tony Valdez, Offer in Compormise, tax attorney, tax debt, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, Expert Help From Tax Attorney, IRS Installment Agreements, IRS tax audit, Offers in Compromise, Seeking Professional Tax Help, Tax Help Video, Tax Problem FAQs, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, income tax relief | 1 Comment »
Monday, March 25th, 2013
Some of you may still be deciding whether to hire a tax professional or purchase tax preparation software. In this informative video, (one part of a series that came from my appearance on the Midday Sunday Fox 11 with host Tony Valdez program), I offer the following tax help tips:
When tax preparation software works
Know when it’s time to hire a tax professional
When it’s time to hire a tax resolution specialist
(Below
Tags: certified tax audit specialist, certified tax resolution specialist, Fox Business News, fox news, IRS audit, IRS tax help, Michael Rozbruch, Midday Sunday Fox 11 News with Tony Valdez, tax attorney, tax debt, tax expert, tax resolution expert, Tax Tips, tony valdez
Posted in 365 Ways to Keep the IRS at Bay, Ask the Expert, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Help Video, Tax news and tips, tax help, tax resolution | No Comments »
Tuesday, March 19th, 2013
I wrote a Tax Matters post last week on the news that 311,566 federal workers (including retirees) owe over $3.5 billion in back taxes. Many of the details came from both Forbes and MSN who reported on this story. While this topic is quite galling in many respects, the simple fact remains; more government employees with presumably decent incomes are struggling to pay their tax debt and need tax relief.
Tags: Back Taxes, certified tax resolution specialist, federal employees, IRS Payment Plans, irs problems, IRS tax debt, tax attorney, tax debt, Tax Matters blog, tax relief
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS payment plan, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, income tax relief, tax help, tax resolution | No Comments »
Monday, March 18th, 2013
The IRS issued a press release late last week indicating an estimated 984,400 taxpayers who did not file a tax return in 2009, are entitled to a slice of $917 million in tax refunds! The IRS estimates that half the potential refunds for 2009 are more than $500.
There is a catch though. To collect the 2009 refund, a return must be filed, properly addressed, mailed and postmarked to the IRS
Tags: delinquent tax returns, Earned Income Tax Credit (EITC), IRS back taxes, IRS penalties, IRS tax issues, offshore bank accounts, tax attorney, tax debt, tax problems, Tax Resolution University blog
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, Filing Unfiled Returns and Replacing Substitute for Ret, IRS payment plan, Tax Debt Help News, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Friday, March 15th, 2013
Let’s recap the tax relief news we covered this week. Featured topics were: eliminating joint filing to help innocent spouses, Florida brothers sentenced for tax evasion, ways to pay your back taxes, IRS tax scams and schemes to avoid, and the Southland Better Business Bureau (BBB) LA Chapter gets expelled for “pay to play” practices.
Joint Tax Filing Thought to Help Innocent Spouses
I wrote a post titled Eliminating Joint Tax Filing
Tags: Back Taxes, BBB, better business bureau, Innocent Spouse, Installment Agreement, IRS tax scam, Offer in Compromise, Qualified Tax Professional, tax debt, tax relief, Tax Resolution University
Posted in 365 Ways to Keep the IRS at Bay, Back Taxes, IRS Installment Agreements, IRS payment plan, Offers in Compromise, Tax Relief News, Tax Scams, income tax relief, tax help, tax resolution services | No Comments »
Tuesday, March 12th, 2013
Question: I need to do my taxes for 2012, and I just don’t know what to do! I owe back taxes already, and I don’t think I can pay them. Now, this year, I’m sure I’ll just add to that tax debt. I don’t see how I can get out from under it. What options do I have?
Answer: Your situation is a tough one, but you’re asking the
Tags: Installment Agreement, Offer in Compromise, owe back taxes, pay off back taxes, Qualified Tax Professional, tax debt, tax resolution services, tax situation
Posted in Ask the Expert, Back Taxes, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, IRS help, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, tax help | No Comments »