The IRS  Offer in Compromise (OIC) program is designed for struggling taxpayers who, for whatever reason, are absolutely incapable of paying off their tax debt in full. It can be a powerful tool in helping you permanently eliminate your tax debt. If you owe back taxes to the IRS and you are unable to pay the debt in full, you may be eligible for tax relief through the offer in
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Brian Compton, president of Tax Resolution Services was delighted to be a guest on the Big Biz Show with Russ and Sully to dish some free tax help tips on the 7 secrets the IRS does not want taxpayers to know about.
As the April 15th tax filing deadline draws closer, taxpayers may be growing nervous about paying their taxes in a struggling economy or about how to resolve their current
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Did someone tell you that filing taxes is voluntary? That only foreign-source income is taxable? You better read about today’s frivolous tax arguments.
If you’re receiving tax advice that sounds otherworldly, it no doubt is.
Maybe someone finally told you that filing your income tax return and paying taxes every year are voluntary? You were a sucker all these year, filing returns and paying taxes, weren’t you?
Well, no. You’d be a sucker
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Tax season is officially here and the current economic downturn may encourage struggling taxpayers to cheat on their taxes – resulting in an even larger tax gap than prior years.
There is close to a $400 billion tax gap each year, which means that taxpayers are paying $400 billion less than they should in taxes. Meanwhile, the federal budget deficit for 2009 soared to an all-time high of $1.42 trillion
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This week, the nation’s leading tax expert Brian Compton, president of Tax Resolution Services, chatted with Caz Taylor and Ruben Garcia on SBA Radio to share some great tax help tips for small business owners on how to avoid IRS audits.
As the tax filing deadline draws nearer, many small businesses already struggling with the state of the economy must face yet another challenge–filing and paying taxes.
It has been reported that
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Knowledge is power when battling the IRS – the most brutal and ruthless collection agency on the planet. To make things more urgent, IRS enforcement is only getting more aggressive – raising the stakes to a new level. And falling for common tax relief myths can endanger your wealth, health and liberty. You owe it to yourself to learn the reality of these tax relief myths. And you don’t have
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The NYTimes reported a recent case where a wealthy investor in Virginia pleaded guilty to tax evasion charges involving his undisclosed foreign funds. One thing that distinguishes this investor from the many taxpayers who have been prosecuted by the IRS for hiding funds abroad was that this investor’s money was not hid in UBS.
Indeed, the IRS is expanding its reach to other banks beyond UBS that are helping wealthy Americans
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Seems like the economy’s got everyone hanging tight onto their wallets–even high earners like this attorney who now faces three years in prison for deliberate tax evasion.
David Thomas, 55, Killingworth, Conn., pleaded guilty to one count of filing a false tax return. Thomas, an attorney, was retained by the Cedar Island Improvement Association to provide legal assistance. Thomas received $120,977 from the association. However, for the tax years 2004 and
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Robert Kahre, the owner of six construction businesses in Las Vegas who paid employees over $100 million in cash wages as part of an elaborate scheme to defraud the IRS, was sentenced to more than 15 years in prison.
“Citizens who pay their fair share of taxes can rest assured that the Department of Justice will continue to utilize all of its resources to prosecute those who choose to cheat and
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The economy is still tough on most taxpayers as the April 15th tax filing deadline approaches. While the IRS is strapping in all they’ve got to collect as much tax revenue as they can, a recent report by CNNMoney.com reveals that some 13% of all Americans find it acceptable to cheat on their taxes in order to save money.
Since the government has been trying to help struggling taxpayers with various
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My rule of thumb is to evade taxes only if you want to go to prison and pay a hefty fine!  Otherwise, tax evasion isn’t the answer to any tax problems.  Instead, I recommend hiring a tax professional, such as a Certified Tax Resolution Specialist, who can help you you find tax relief legally!  Tax Resolution Services can help you resolve tax debt and not end up behind bars like
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I believe that some people evade taxes because they fear that the taxes, or back taxes, they owe will be more than they can handle.   As I’ve blogged about tax evasion over and over again, one can only get away with tax evasion for so long and eventually the IRS will catch up to you.  Then you are looking at prison time and a hefty fine.  Don’t be afraid of taxes.
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You have a right to pay the IRS back taxes, regardless of how delinquent they are.   If you’ve got back taxes that are unpaid, the most intelligent decision you can make is to consult a Certified Tax Resolution Specialist who will help you prepare and file the delinquent tax return.  Better to do a late tax filing, then be charged with failure to file tax returns like the radio host,
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As much as you may fear the wrath of the IRS to levy back taxes and IRS penalties, the tax man is afraid of exposure too. In the audit battle, the IRS fears two things: 1) You hiring a tax attorney or Certified Tax Resolution Specialist, and 2) You learning these seven little secrets about reducing back taxes and IRS penalties.
With years of record deficits (and even more in the
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Employers trying to avoid IRS payroll tax problems may encounter a different challenge: employees disputing tax withholdings.
Sometimes the line between a contractor worker and an employee may get blurred–as an employer as well as employee, it’s important that you clarify your work status before you file your taxes each year. This will help you avoid IRS problems down the line and will also ensure that you won’t have accumulated back
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