Posts Tagged ‘tax debt’

Tax Expert Educates About Offer in Compromise and IRS Installment Agreement Plans

Wednesday, April 20th, 2011

Tax day has come and gone.  Do you find yourself fretting about back taxes owed and wondering how you are going to pay them off?  You are not alone!  At Tax Resolution Services, we get inquiries everyday about settling back taxes and what tax help services are available.  The questions below are perfect examples – and the answer is from one of our Certified Tax Resolution Specialists:
Question: How do I know if
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IRS Audits Continue to Rise for The Wealthy

Tuesday, April 19th, 2011

Many consumers out there may feel that being rich and wealthy spares you from having to worry about taxes and the IRS coming after you. However, in recent years the case has been quite on the contrary. The IRS have been gradually increasing their audits of high income consumers. Wealthier taxpayers may find themselves being audited as the IRS increases their enforcement efforts and cracks down on back taxes owed
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Tax Relief News: AstraZeneca Tax Resolution of $1.1 Billion Boosts Profits

Wednesday, April 6th, 2011

This week, BusinessWeek reported that AstraZeneca, a U.K. pharmaceutical giant, agreed to settle a U.S. tax dispute and as a result raised its profit target for this year. This is great news not only from a consumer’s point of view, showing that settling back taxes and IRS debt not only brings much needed tax relief, but as a corporation, settling tax issues can reflect positively throughout your business.
AstraZeneca is reported to
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Tax Help News: IRS Continues To Zoom In on Tax Cheats in the Millionaire Category

Wednesday, April 6th, 2011

The IRS, while a fierce and aggressive  agency, does not discriminate. Whether you’re rich or poor, young or old, male or female, if you owe them money, they will come after you regardless of your current financial standing. I recently blogged about that in regards to a Survey Revealing Tax Cheats to be Young, Single and Male.
Now CNNMoney.com reports the IRS is paying particular attention to millionaires – and cracking down
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Tax Resolution Tip: Consider an IRS Installment Agreement for Help with Payments

Monday, April 4th, 2011

Today’s Tax Resolution Tip:
If you owe the IRS a large amount of money and can’t afford to pay the lump sum at once, don’t panic. Consider an Installment Agreement, which is a payment plan used to break up payment on a monthly basis. This is a common route taken by qualifying consumers to settle their back taxes.

Read the Installment Agreement FAQ for more information on IRS Payment Plans and Installment
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Need for Tax Relief Grows as Administration Proposes $1.13 Billion Increase to IRS Budget

Wednesday, March 23rd, 2011

According to Reuters news service, the Obama Administration’s proposed 2012 budget includes a $1.13 billion increase in funding for the IRS.  About $460 million of the increase, which brings the total IRS budget to a whopping $13.3 billion, is slated for tax enforcement programs. The increase allows the IRS to hire 5,100 new employees, most of whom will go after delinquent taxpayers both large and small.
I’ve come across too many
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Tax Professionals Offer Tax Relief Solutions For Back Taxes Owed

Monday, March 7th, 2011

At Tax Resolution Services, we see many consumers who are concerned about how to pay their current taxes owed in addition to any back taxes, interest and penalties they may have accrued for unpaid tax debt.  We reassure them that there are tax relief resolutions available to them.  Our team of Certified Tax Resolution Specialists, tax attorneys, and CPAs find solutions for each and every consumer tax problem that is
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Rush Limbaugh Tells IRS-Burdened Consumers “You Need Tax Resolution Services, Co. on Your Side”

Sunday, February 27th, 2011

As more IRS-burdened consumers are seeking relief from their tax troubles during a record year of federal spending on tax enforcement, Rush Limbaugh has endorsed Tax Resolution Services, Co. as a provider of solutions for taxpayers with IRS problems.
“If you owe $20,000 or more in back taxes, are under audit or have unfiled returns they can help,” said Limbaugh, one of America’s leading talk show hosts. “Tax Resolution Services will
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Learn Why The IRS Offer in Compromise Program That Helps Qualified Consumers Resolve Tax Debt Was Established

Thursday, February 17th, 2011

At Tax Resolution Services we know that settling back tax debt can be scary.  Many people who use our tax resolution services feel that they may not be able to pay off their tax debt in it’s entirety.  If you feel this way, you are not alone.  Fortunately, consulting a Certified Tax Resolution Specialist is a great first step towards tax relief.  Our team of tax professionals will advise you on the
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If You Owe the IRS Back Taxes, There Are Tax Relief Options Available

Monday, January 24th, 2011

At Tax Resolution Services we help people who are struggling with back taxes on a daily basis.  Questions about how to settle back taxes are often asked of our Certified Tax Resolution Specialists.  If you are struggling with back tax debt, there are tax relief options available, as outlined below.
Question: There’s no way I can pay what the IRS says I owe. No way whatsoever! They say I owe the
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Nation’s Leading Tax Relief Firm Emphasizes Importance of Taxpayer Compliance

Friday, December 17th, 2010

For taxpayers who are scrupulous about filing every year and paying every dime of their tax bill on time year after year, it can be galling to hear about delinquent taxpayers who manage to settle their tax debt for far less than what they owe.
Our team at TRS understands the common frustration of compliant taxpayers. People ask, Why is it a good thing when someone can settle with the IRS
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Tax Resolution News: Top Reasons to Be Thankful for the IRS

Sunday, December 12th, 2010

The IRS may not be at the top of many people’s lists of things to be thankful for this year, especially with its record $5.5 billion enforcement budget. However, there are still many reasons to be thankful for America’s tax revenue agency…seriously! Read on…
The IRS has a tough job to do, and it does it better, and more fairly than many governments across the globe. For those struggling with tax
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Tax Relief Expert Shares Strategies for Reducing Back Taxes and IRS Debt

Wednesday, December 1st, 2010

As the economy begins to slowly rebound, there are some 26 million Americans plagued with tax problems including audit or collection-related issues. And with the IRS collection efforts on the rise supported by a record enforcement budget of $5.5 billion, Americans need to know their rights and options for tax relief.
While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (a specialized tax
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Seek Tax Debt Help from a Tax Professional Instead of Running from the IRS

Saturday, November 27th, 2010

As a Certified Tax Resolution Specialist, I would not advise you to become a fugitive because you think the taxes you owe are too much for you to pay.  Instead of running from your taxes, run straight to a tax professional, like Tax Resolution Services, who will help you resolve your tax debt.  If you can’t pay the taxes that you owe, the IRS actually has reasonable options to help
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Five Reasons To Be Thankful For The IRS

Sunday, November 21st, 2010

It might seem like an oxymoron, but we really should be thankful for the Internal Revenue Service. It is a fair and (mostly) comprehensible system that is the envy of many people around the world who answer to corrupt officials and governments. While it may provide little solace to those struggling with tax debt in the slowly rebounding economy, in the spirit of the holidays we have put together our
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