Posts Tagged ‘tax help’

Madoff Victims Still Waiting for Investment Fraud Relief

Friday, September 20th, 2013

It appears that some of Bernie Madoff’s Ponzi scheme victims will have to wait a little longer get their money back. CNNMoney’s article titled: “More than $2 billion for Madoff victims is still in limbo” details information provided by Securities & Exchange Commission (SEC) veteran and hedge fund founder Richard Breeden. Breeden was appointed by the U.S. Department of Justice in December of 2012 as “special master” of the distribution
[Read More]

Tax Problems-Michael Jackson Estate Gets Assessed by IRS

Tuesday, September 3rd, 2013

There are ways to value the worth of tangible items like real estate or cars for estate tax purposes. However, placing a dollar amount on the image of a celebrity is a more complicated and disparaging process as the estate of the late Michael Jackson is finding out. An NBC News Business article titled: “What’s Michael Jackson’s image worth? A $434 million question for the IRS“ reports on the giant
[Read More]

IRS Relief-Obama Chooses Management Pro to Run Agency

Friday, August 2nd, 2013

President Barack Obama has chosen a crisis management expert to run the IRS – an agency clearly in need of a stabilizing force. According to a Washington Post article titled: “Obama nominates restructuring expert to lead IRS amid political controversy“, Obama selected retired corporate and government official, John Koskinen whose experience managing numerous organizations in crisis makes him an “natural” for taking over an agency facing its own share of
[Read More]

Davidson Estate Battles IRS over Massive $1.9 Billion Tax Debt

Tuesday, June 25th, 2013

If you aren’t convinced the IRS is going after wealthy taxpayers – the story of Bill Davidson’s estate may convince you otherwise. An article in the Detroit Free Press titled: Estate of Bill Davidson Battles IRS over Massive $1.9 Billion Tax Debt reports that attorneys for the estate of the late William Davidson are taking the IRS to court claiming the agency is wrongly trying collect about $2 billion in
[Read More]

Beware of Recent IRS Email Scams

Tuesday, June 4th, 2013

Tax scam emails that appear to be from the IRS run the gamut from almost believable to incredibly bad. Thanks to a Forbes article by Tax Girl Kelly Phillips Erb titled: “Phony Emails Purporting To Be From IRS Popping Up Again,” we have two fine examples of email scams that run the good and bad spectrum.
Email scam example #1 – really bad.

A few points mentioned in the article demonstrate how
[Read More]

Tax Relief Tips for Military Personnel

Tuesday, May 28th, 2013

Memorial Day gives us a chance to honor military personnel for their service and sacrifice. It also allows tax professionals the opportunity to remind service members of the tax benefits they are entitled to. A recent article from Don’t Mess with Taxes titled,”Memorial Day 2013: Remembering those who gave all, offering some tax help for those still giving“ provides tax tips using the IRS Publication 3, Armed Forces Tax Guide. Here are
[Read More]

Tax Relief Weekly News Round Up: Top Tax Stories

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
[Read More]

Tax Tips for Taxpayers Who Missed the April 15 Deadline

Tuesday, April 16th, 2013

It’s the day after tax day and for those taxpayers who don’t intend on filing a tax return, you may want to reconsider. Not filing means you will be facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in jail. In fact, IRS penalties are more severe for non-filing than for non-payment. If it sounds
[Read More]

Tax Resolution Services – Weekly Tax News Round-Up

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
[Read More]

Tax Relief Tuesday-Humor at Uncle Sam’s Expense

Tuesday, April 2nd, 2013

With just 13 days until Tax Day, I thought many of you might need some tax relief humor. The article from @TodayMoney titled: “Happy birthday, modern tax system: 100 toasts and roasts“ could be just what the accountant ordered if you are agonizing over preparing your taxes. Here are some historical points of interest from the article about how our current tax system came into existence:

The current tax system was formalized
[Read More]

Tax Resolution Services Weekly Tax Relief News Round-Up

Friday, March 29th, 2013

Reminder: 18 days left until Tax Day!
Here’s a review of the tax relief news covered this week. Featured topics include: IRS releases 2013 Dirty Dozen Tax Scam/Scheme List, businessmen guilty of tax evasion and filing false returns, IRS apologies for expensive Star Trek training video and hiring a tax professional versus tax preparation software.
IRS Releases 2013 Dirty Dozen Tax Scam-Scheme List – as well as a video to remind taxpayers
[Read More]

IRS Releases 2013 Dirty Dozen Tax Scam-Scheme List

Thursday, March 28th, 2013

The IRS just released its Dirty Dozen Tax Scam List for 2013 and introduced a video to remind taxpayers they need to protect themselves from the worst tax scams and schemes out there. While the “usual suspect” scams and schemes have not changed that much from last year, the notification explains how the IRS has stepped up their efforts to handle them, specifically identity theft related tax issues. Below the
[Read More]

Tax Resolution Services-The Story of Michael Rozbruch Part II

Monday, March 4th, 2013

This episode of my national network television show, TaxMan gives consumers further insight into my professional history beginning with my education, employment and qualifications. It’s because of these experiences and desire to help people resolve their tax problems that I took on a new business venture in a relatively small industry and named it Tax Resolution Services, Co. (TRS).  (*Below the video are the main details of my story).

[Read More]

Weekly Tax Resolution News Round-Up

Friday, March 1st, 2013

It’s Friday, and that means it’s time for a round-up of tax news we reported on this week. Here are some tax related stories that were particularly interesting:
Tax Help Tips
Eleven Tax Changes to Know before Filing
Now that tax season is here, I wanted to let people know that the recent changes to the tax code could affect their wallet! A Forbes article provided the eleven important changes that
[Read More]

Tax Identity Fraud-How to Protect Yourself

Tuesday, February 26th, 2013

With tropical storm intensity, Florida is currently leading the nation in tax identity fraud cases. A previous Tax Matters blog post cited a recent CNBC article titled “Florida Hit by ‘Tsunami’ of Tax Identity Fraud” that underscores the severity of this major, nationwide tax problem the IRS has been unable to resolve. According to the CNBC article, however, tax identity fraud is more than just a nuisance. It has now
[Read More]