2011 may be here already, but that doesn’t mean 2010 tax relief tips can’t be an important educational tool for future 2011 tax filing. Recently I sat down for an interview with Deborah at RTTNews.com to discuss how to make the most of your 2010 tax deductions.
When talking about tax deductions it is always important to remember that consistency is key. As a Certified Tax Resolution Specialist I
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As a business owner, there are two types of workers you will deal with: employees and independent contractors. When it comes to tax and the IRS, the difference between the two is crucial.
For each employee, it is the business owner’s responsibility to withhold and pay Social Security and Medicare taxes, income taxes and pay unemployment taxes on wages paid. However, when employing an independent contractor, as a general rule, the
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On a recent interview with Deborah at RTTNews.com we discussed the new types of incentives that can be great tax help for our clients in 2011. Here is a brief run through of some of the tax relief solutions that I  touched on during my interview and where you can find more information on each one:

Green energy or anything that is environmentally friendly. Read more about 2011 green tax incentives
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Happy New Year!
By the time you read this, you’ll have rung in the New Year. So what about those New Year’s resolutions? Spending more time with loved ones? Working less? Getting in shape with a new gym membership?
Those are the standards, right? They’re good ones: We should all spend more time with loved ones, work less, and be in better shape.
But if you’re one of the thousands of U.S. taxpayers
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Happy New Year! Now that the festivities are out of the way, why not make your new year’s resolution to be tax debt free? If you owe back taxes, you are not alone! 1 in 6 taxpayers need help with their taxes. Start 2012 right by getting on the right track to tax resolution!
Check out this post with helpful tips on how to get organized and start resolving your back
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Earlier this month we mentioned that the IRS have over $164.6 million in undelivered refund checks and want to deliver them to the rightful taxpayers. 111,893 taxpayers who are owed a refund check this year never received it because of  simple mailing address errors. To solidify these almost too-good-to-be-true IRS news, Chris Knape from mlive.com reports that 2,297 of those taxpayers are Michigan residents and are owed $3 million in
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As 2010 is coming to a close, it is a wise move to start thinking about closing the tax year off right. At TRS we believe in taking action as early as possible, no matter what your tax debt situation is.  And we are not the only ones that think so! We were recently mentioned in The San Francisco Examiner under SF Small Business Examiner, A. Michelle Blakeley’s post: 23
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With the holidays in full swing, tax season is right around the corner. In this time of troubled national and local economies, more Americans are finding themselves delinquent on their taxes and facing increasingly aggressive collection efforts by the IRS.
At TRS we suggests four strategies to avoid and resolve IRS problems before they multiply.
* File a return on time even if you do not have the money to pay the
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This holiday season, taxpayers may want to give gifts to family members or charitable institutions that help them make the most of allowable tax deductions and tax benefits. Unfortunately many people have made mistakes giving in ways that get them on the IRS naughty list. Learn more about how to save on your tax bill while keeping you out of IRS tax trouble with these IRS-friendly gift-giving tips.
Many individuals
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According to recently released statistics, IRS audits have jumped a whopping 11% this year-targetting the wealthiest and business owners.
According to CBSNews, “the IRS examined more than 1.58 million individual returns in the budget year that ended in September, up from 1.43 million the year before.” With people whose incomes were more than $1 million, about a little over 8% were audited while the overall audit rate for individual tax returns
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Is any publicity really good publicity?
This year alone, celebrity tax woes has caught taxpayers’ eyes from coast to coast and even abroad. Earlier this month, our team’s national tax expert Brian Compton was quoted in HowStuffWorks on how celebrities get in IRS trouble and why average taxpayers need to beware.
According to the HowStuffWorks article, celebrities meet their tax problems in various ways: “the oblivious (Nic Cage: I’m just an entertainer!),
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The IRS is fully integrating itself in social media. In keeping up with the times, our nation’s tax collection agency now offers timely tax tips, information on IRS programs like e-file, tax law changes and other quick snippets of information for taxpayers on its IRS Twitter @IRSnews. The IRS states the focus of its Twitter channel is to offer easy to use information and share timely content with taxpayers and the
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As 2010 is drawing to a close, what can business owners do to wrap up the year and prepare for tax day 2011? As always, it’s much better to get all your ducks in a row before the new year starts than to wait till March rolls around. So here are some expert tax help tips for the year’s end:
(1) Get Organized. Allow enough time to get your “stuff” in
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What a a year 2010 was! With all the media exposure on tax relief scandals like Roni Deutch and American Tax Relief, celebrity tax woes, and the UBS offshore tax evasion cases. Alas, we are at a close of the year with only two weeks left before the new year rolls around, what can you do as an individual taxpayer now so that you can save some money come 2011
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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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