Posts Tagged ‘tax help’

Seek Professional Tax Help if You Suspect Your Office Manager is Evading Taxes or Embezzling Money from Your Business

Saturday, November 7th, 2009

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.
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Year-End Tax Planning Tips for Investors: Tax Help Reducing Tax Liabilities and Avoiding IRS Audits

Friday, November 6th, 2009

What investors need do as the year draws to a close is take advantage of opportunities to improve their tax situation by getting the tax help they need to make strategic decisions for managing their investment portfolios.
However, with the current recession and federal tax revenues declining, investors should be aware that the IRS is going to take every step it can to collect what’s due. So the most important tax
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Save Tax Documents to Prove Your Reasonable Cause When Seeking an IRS Penalty Abatement

Friday, November 6th, 2009

If you are being accused of failure to file taxes by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it is wise to keep important records that may later help you prove your innocence to the IRS.
Without strong evidence, it is highly unlikely that you will
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Tax Help For Ponzi Scheme Victims as Madoff’s Accountant Pleads Guilty

Thursday, November 5th, 2009

On Tuesday Madoff’s long-time accountant, David G. Friehling, pleaded guilty in the criminal investigation of the 20-year “Ponzi Scheme” that lost investors a total of $21.1 billion in cash.
According to the New York Times, “Mr. Friehling also pleaded guilty to three counts of obstructing the administration of the federal tax laws - charges added within the last five days to the government’s original complaint.”
This recent development shines light that may
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Tax Lien Filed Against Actor Nicholas Cage for $6 Million Tax Debt Owed to the IRS

Tuesday, November 3rd, 2009

If you owe taxes, the federal government will file an IRS tax lien against you.  Do you know what an IRS tax lien means?  First and foremost, it means you are in tax debt and owe the IRS money.  A tax lien filed against you also means that this is on the public record and it shows up on your credit report.  A tax lien can tie up your personal property
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IRS Installment Agreement Fulfilled By Life Insurance Benefits in Recent IRS Case

Tuesday, November 3rd, 2009

In certain cases when a married couple with an installment agreement cannot pay off the full amount, the IRS Chief Counsel can sometimes recommend that the IRS accepts the assignment of death benefits if one of the taxpayers dies.
In a recent case, one spouse of a married couple died before the installment agreement ended. The IRS wanted to seize all assets of the taxpayer covered by the agreement but was
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Both Celebrities and Joe Six-Packs Must Beware of Owing Back Taxes: IRS Targets Tax Cheats of All Income Brackets

Tuesday, November 3rd, 2009

In my years of experience as a tax resolution specialist, I have met many people who hold the misconception that the IRS primarily targets a specific group of people with back taxes–either the wealthy celebrity tax cheats or the Joe Six-Packs. This is simply not true.
Turn to the news and you will find a wide range of people who have been getting in trouble with the IRS.  Just watch Entertainment
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Democrats Offer Bill to Prevent International Tax Evasion–Taxpayers Can No Longer Use Foreign Bank Accounts to “Hide” Income

Friday, October 30th, 2009

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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IRS Tax Debt Relief News-The TRS Files Offers Hope to Taxpayers Who Owe the IRS

Thursday, October 29th, 2009

Tax problems are tough to deal with–especially when the economy is not looking good. While it may be difficult to talk about your tax problems, it’s important for you to know that there are many taxpayers just like you who have resolved their overwhelming IRS debt by seeking professional tax help.
There are many reasons why taxpayers procrastinate on resolving their tax problems. Oftentimes, it can be easy to get paralyzed
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IRS Heightens Scrutiny of the Wealthy - High Incomers Can Expect Tougher Tax Auditing Strategies

Thursday, October 29th, 2009

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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First Prosecution of an Offshore Account Holder in a UBS Tax Case Sends Message: IRS Will Not Tolerate Offshore Tax Evasion

Thursday, October 29th, 2009

On Friday, the first American was prosecuted in a UBS tax case and sentenced to house arrest after admitting he concealed about $6 million in assets from the IRS.
Americans who missed the October 15th deadline for tax amnesty can still reduce severe IRS penalties for offshore accounts (including FBAR penalties that can amount to 200-300% of the asset value of the account!) Account holders need to get expert tax help
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Tax Scams are Not the Way to Resolve Tax Problems or Back Taxes as Witnessed by an Attorney Who Was Involved in a Tax Evasion Scam and Anti-IRS Promotion and Now Faces His Day in Court

Thursday, October 29th, 2009

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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Who Does the TRS Files Commercials with Real-Life Tax Resolution Stories?

Wednesday, October 28th, 2009

You may have seen our new campaign featuring The TRS Files, real-life tax resolution stories designed to help Americans with IRS tax problems know that they’re not alone. We created the campaign to educate taxpayers on their options for immediate and permanent tax relief - so they don’t have to bear the burden of dealing with the IRS on their own!
People have been asking me about the TRS Files spokesman.
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Ask The Tax Resolution Expert - How You Can Avoid Paying Taxes on “Cancellation of Debt”

Monday, October 26th, 2009

Look for our “Ask the Tax Expert” column every month.  This column, and our tax blog, is full of free tax advice that can help you find tax relief.  Got a question for our tax expert?  Email your tax questions to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
As many Americans have lost their homes due to the real estate crash, some are wondering whether they can avoid
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TRS Files: Taxpayer Conquers Fear, Panic and $43,000 in IRS Debt

Friday, October 23rd, 2009

When you get a letter from the IRS demanding money from you, it’s like getting a letter from the mortuary. That’s how Gary felt - he knew that he was about to enter the place that he never wanted to enter. (See his whole story below as captured on The TRS Files.)
Gary knew he had to do something when he got one of those scary IRS letters saying “You owe
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