Ever since the latest IRS crackdown on American offshore bank account holders, Swiss banks such as Julius Baer Group has reported losses in financial assets due to scared Americans who are withdrawing their money. This latest news shows that the IRS has successfully struck fear among Americans who up until recently, have been able to evade taxes with offshore bank accounts.
According to the NYTimes, “shares in Julius Baer fell 2.78
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This is funny!  And happening more often than you think.  The IRS Whistleblower office pays money to informants who provide specific and credible information to the IRS about people who owe taxes.  The IRS has been increasing tax enforcement since 2008!  Tax cheats, beware!  If you need to work through you tax problems such as back taxes, consult a tax professional from Tax Resolution Services.  We offer a free tax
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Some people are just straight up tax cheats.  The Wyoming man in the story below blatantly evaded his taxes doing things such as underreporting income and filing false tax returns.  Subsequently he was sentenced to prison time and left with a hefty fine - all of which he deserves.  For those who find themselves in tax debt, not because they were purposely cheating on taxes but because of other extraordinary
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Failing to file your tax return is a crime punishable by prison time and a hefty fine.  If you have failed to file taxes and feel like the IRS is breathing down your back, there is tax relief available.  You have the right to file your original tax return, no matter how late it is!  Tax Resolution Services is a professional team of tax attorneys and tax resolution specialists that
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We all know that accepting bribes is not acceptable.  Call it what you may, “gifts and gratuities”, but we all know that a person with a governing position, like a mayor, who accepts gifts and gratuities is basically accepting a bribe.  When the bribe happens to be cash, or something of great cash value, it is still taxable.  But because it is a bribe, the mayor decides to evade taxes
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Know what’s going on in your office!  When an employee starts to embezzle money and evade taxes to line their pockets and offshore bank accounts, it often goes unnoticed by the company’s owners for months or years until a lot of money is stolen.   If you own a business, being smart about who you hire is one thing, making sure they are doing their job accurately and honestly is another.Â
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Every year, for all sorts of reasons, people fail to file their taxes.  When the IRS catches up to you, and they will, it is a crime that is punishable by prison time, a hefty fine, and often, both.  The good news is, if you failed to file your taxes in years past, you still have time to do it.  Many people do not know that you have the right to
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Earlier this week, Democrats offered a bill that will strengthen the IRS’s ability to crack down on tax cheats who “hide” their full income by using foreign bank accounts.
Following the latest UBS deal that brought 7,500 Americans forward who had previously concealed their foreign bank accounts from the IRS, this new bill “would impose new reporting requirements on foreign financial institutions doing business in the United States, and on American
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While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.
This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will
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Facing back taxes can be overwhelming, but must be done!  Did you know that working through your back taxes owed doesn’t have to be done alone?  I recommend professional tax services to help you find tax relief.  Tax Resolution Services specialize in helping people resolve their tax debt one step at a time.   Remember that no one can avoid taxes.  Eventually the IRS will catch on to you like this attorney
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If you owe taxes to the IRS, and feel like you do not have the money to pay them back, you can work out a payment plan with the IRS, also known as an Installment Agreement, which allows you to pay your tax liabilities over time.  Some people are able to negotiate their tax payment plans, but if you owe $25,000 and over, I would highly recommend working with a
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When tax problems arise in a family, it could end the marriage.  Sometimes, the spouse is truly innocent of their partner’s tax problems and the IRS realizes that this may be the case.  There is such a thing as Innocent Spouse Tax Relief and the IRS has a series of questions and Innocent Spouse Tax Relief Rules to extricate the innocent person from being responsible for the tax problem.   If
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Back taxes and IRS penalties can add up to an overwhelming amount if not resolved as soon as possible. If you do find yourself in a position where you’re unable to make payments to the IRS because your income is barely covering your living expenses, don’t hesitate to get tax help. Getting started on resolving your tax problems is always better than doing nothing about them.
Even people who have gone
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Skimming cash off the top of your business only gets you in trouble.   Often people underestimate the eyes and ears of the IRS and think that they can get away with taking just a little home tax-free.  Most of these people get caught!  Unfortunately the IRS is not perfect either - sometimes people get caught for innocent mistakes too and if you find yourself in an IRS audit, you will need professional tax
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When it comes to paying taxes, some people are criminals about it.  Sadly, some people who call themselves “tax professionals” are also criminals!  Chances are, if you are seeking tax help from a tax professional, you may already feel like you are in over your head.  If the “tax professional” gives you advice that sounds too good to be true, it just may be!  Do your research and arm yourself
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