Posts Tagged ‘tax help’

Settling IRS Tax Debt: What Taxpayers Don’t Know About Tax Resolution Could Hurt Them

Monday, May 17th, 2010

I’ve blogged before about how IRS Commissioner Douglas Shulman has pledged greater flexibility for taxpayers who have fallen on hard times and owe IRS back taxes.  However, it’s still important to remember that “Revenue” is still the IRS’s middle name.
Due to the economic challenges of the current recession, more tax settlements than ever are expected to be submitted to the IRS this year. While taxpayers with back taxes
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If You Think Your Foreclosure is Said and Done, Think Again, Because You May Owe Major Bucks in Back Taxes

Thursday, May 13th, 2010

Recent news reports that many Americans who found there homes underwater are now drowning in back taxes.  In the Wall Street Journal article, A Surprise Hit on Foreclosures, Jeff D. Opdyke recounts the stories of some of the millions of homeowners across the nation who “are discovering that their decision to walk away from a mortgage could result in tax bills running into the thousands or tens of thousands of
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Insider Tips from Certified Tax Resolution Specialist on How to Avoid a Tax Settlement Scam if You Have Tax Troubles

Friday, May 7th, 2010

A note from Certified Tax Resolution Specialist and CEO of Tax Resolution Services, Michael Rozbruch: April 15th, tax day, has come and gone.  Many of you may find yourself in tax trouble.  Do you owe more taxes and feel like you are unable to pay them?  Are you looking for tax debt relief?  If so, I have one word for you – beware!  Seek tax help from certified tax professionals,
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IRS Tax Help News: While Tax Audits Are on the Rise, the IRS Makes Mistakes Too

Monday, May 3rd, 2010

Did you manage to file your taxes by the deadline? Perhaps you squeezed in your returns at the last minute? According to MarketWatch.com filling has gone down by 3% in the first week of April compared to that time last year.  This means that less people are filing legally required tax returns due to the current economy. Because more people than ever are struggling to pay their taxes, they will
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IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Friday, April 30th, 2010

With the April 15th tax filing deadline already passed, what can you do if you’re one of thousands of taxpayers who just don’t have the cash to pay Uncle Sam?
The good news is, there are still IRS tax relief options for you if you did not pay two weeks ago. According to a  MarketWatch article, your best bet is to still file your tax return even if you don’t have
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IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate

Tuesday, April 27th, 2010

Under the new health care mandate, the IRS has authority to withhold a portion of your federal tax return if you can’t demonstrate that you have health insurance coverage. Even though the IRS says they won’t audit you, your tax returns will be under greater scrutiny in the coming years. Increased IRS enforcement is a certainty, and now is the time to take action and get it right.

IRS Tax Help News: IRS Employee Caught Owing $14,912 in Back Taxes & Penalties

Monday, April 26th, 2010

This latest news goes to show how no one is safe from IRS scrutiny-not even its own employees.
One IRS employee was found guilty of deliberately under-reporting her actual income by neglecting to disclose the money she made from selling her used clothing and other merchandise on eBay.
According to WebCPA, “She had unreported income of $15,320 in 2004 and $21,062 in 2005. Between 2000 and 2005, she was involved in over
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IRS Relief News: What Americans With Back Taxes Need to Know About Reaching Out to the IRS for Tax Help

Wednesday, April 21st, 2010

IRS Commissioner Douglas Shulman recently announced that IRS agents would have more flexibility to reach settlements with taxpayers who have fallen on hard times. However, struggling taxpayers who turn to the IRS online payment service or toll-free Tax Help Line for IRS tax help may be putting their financial future at risk.
When you attempt to handle your tax problems over the phone with help from IRS agents, you’re essentially putting
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Tax Help News: Who Does the IRS Turn to For Help With Resolving Tax Problems?

Monday, April 19th, 2010

Most of the time, we hear stories about taxpayers seeking tax help from tax relief experts, but who does the IRS turn to when it comes to resolving tax problems?
Recently our team at Tax Resolution Services received a cold call from a taxpayer in IRS trouble. It turns out, the taxpayer was referred to our expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists by her daughter, who
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IRS Relief News: How to Determine if Bankruptcy is a Viable Tax Relief Option for Resolving IRS Back Taxes

Monday, April 19th, 2010

With a record number of bankruptcies filed in the last year it’s important for taxpayers to know whether it’s possible to discharge taxes in bankruptcy. If you qualify for discharging your IRS tax debt through bankruptcy, you have an opportunity to achieve permanent tax relief and a fresh start. Find out more about eliminating your back taxes with these important tax relief bankruptcy tips.
Most taxpayers don’t realize that IRS tax
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IRS Relief News: 5 More Charged For UBS Tax Evasion

Sunday, April 18th, 2010

In the latest news about tax evasion charges for UBS account holders, five more has just been found guilty for hiding funds overseas.
According to Wall Street Journal, “A number of UBS clients have agreed to plead guilty to criminal charges for failing to report funds held overseas or by overseas entities.”
In many cases, people who know they are facing tax evasion charges will plead guilty for a lesser penalty than
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IRS Tax Relief News–Did You File Your Taxes?

Saturday, April 17th, 2010

April 15th has come and gone–if you’re one of many struggling taxpayers who either did not have enough money to pay your taxes in full or have not yet filed your return, there’s still hope!
The key is to file any tax returns that are due as soon as possible to avoid additional interest, penalties and potential IRS collection tactics, such as a levy on your bank account.
Even if you were
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It’s Not Too Late for Taxpayers with Unfiled Tax Returns to Resolve IRS Problems

Thursday, April 15th, 2010

Every year, millions of taxpayers fail to file legally required tax returns by the April 15th deadline, and this year that number is expected to rise due to the economic recession and the dramatic increase in unemployment.
If you have unfiled tax returns it is always better to file them — whether they’re a couple days or a couple years late — than to not file them at all. Filing any
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Tax Help Tips, Common Filing Mistakes, and Tax Relief Scams Every Taxpayer Needs to Know

Thursday, April 15th, 2010

With April 15th’s tax filing deadline come and gone, taxpayers still need to stay alert about their IRS tax relief options, what common filing mistakes to watch out for, and how to avoid tax relief scams.
Recently, Brian Compton–president of Tax Resolution Services and tax relief expert, was interviewed for the Loop21 to share some top tax help tips with taxpayers who have been busy this tax season.
Read on for expert
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Top 20 Tax Help Advice Blogs–Tax Resolution Comes in #8

Tuesday, April 13th, 2010

Our team at Tax Resolution Services is honored to have our Tax Resolution University blog featured as #8 on the “20 Best Blogs for Tax Advice” this year.
As a team of dedicated tax attorneys, CPAs, and Certified Tax Resolution Specialists, we are happy to be nationally recognized for our devotion to educating taxpayers and business owners on their tax relief options. We understand that it can be very overwhelming to
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