Like all scams out there, if it’s too good to be true, it probably isn’t true. There are many tax scams making extraordinary claims like clearing your IRS back taxes in full. While tax help is available, make sure you investigate and ensure it is the kind of help you need. For help with seeking out the tax help you need, check out our tax attorney services.
Check out 365 Ways to
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If you are receiving calls and mail from the IRS, the last thing you want to do is ignore them! IRS problems grow with time and will only get worse. Don’t let penalties and interest add onto the debt you owe. Start tackling your IRS problems now by acknowledging your tax problems and taking action to resolve them.
If you owe back taxes to the IRS take the first step in clearing
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The IRS revealed last week a new program where business owners, particularly those that own small businesses, need to reclassify contractors as employees and make a small payment to cover past payroll taxes. The article Price of Reclassifying Workers, written by Sarah E. Needleman and Emily Maltby comes after an ultimatum by the IRS for small businesses (which tend to have less staff and a looser structure): raise operating costs
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German A. Posada, of Las Vegas, pleaded guilty to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding.
Posada admitted to filing a false individual income tax return for 2004 that underreported the income from his business as a real estate agent in the Las Vegas area.
From 2003 to 2005, Posada earned commission income from International Realty and another agency.  He
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The IRS announced yesterday new tax relief guidelines for a provision that allow small businesses the ability to claim a cell phone provided to employees by said business as tax-free without any arduous record keeping needed. The notice issued explains how the provision works in regards to employer purchased cell phones for employee use. It also goes on to explain that the IRS will not require the employer to provide
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Today’s Tax Resolution Tip:
If you’ve taken the first step in resolving your unsettled back taxes you have admitted you have a tax problem and need tax help. But where to go for help? There are many firms and individuals claiming to resolve your tax problems forever. However, you need to make sure any tax assistance you seek is relevant to your individual tax problem.
If you are considering hiring a Certified
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U.S Tax Court is keeping tabs on every possible tax detail in the hopes to find some extra revenue and tax loopholes are being sought out to try to find funding to fill in the budget deficit. Not free from the examination are clergy members and the tax relief laws that protect them from paying taxes. Back in March the U.S. Tax Court made a surprising ruling to extend a
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Today’s Tax Resolution Tip:
You may be surprised to hear that back taxes owed have an expiration date. That’s right, the IRS, by law, has 10 years from the date of assessment to finish collection of back taxes, which is referred to as the “Expiration of Back Taxes: Statute of Limitations on IRS Collections.”  This means that after 10 years, if the IRS have not collected back taxes owed, they can
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The IRS newsletter Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt published a few weeks back, alerted Americans seeking tax debt relief there are ten options available to pay off their outstanding tax debt. These new IRS programs and policies are an effort to get delinquent taxpayers to avoid additional fines penalties or tax liens by making easy payment methods available such as a
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With talk of debt ceilings and government budgets swirling around the news it is no wonder why tax relief deductions are a huge topic of controversy.  Tax deductions will cost the government $3 trillion in lost tax revenues between 2010 and 2014 (read the blog here) and now a closer look at current taxpayer trends by the Tax Policy Center states that almost half of Americans do not have to
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Tax Problems Affect 1 out of 6 Americans – If You Need Tax Help, You’re Not Alone!
1 in 6 Americans has a tax problem; that’s approximately 26 million people! In this video, shot at Tax Resolution Services headquarters, I talk about how terrifying IRS tax stress can be and how scared people are with their overwhelming tax problems. I see this happening in my practice every day. The IRS is
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Feel like you deserve to deduct something and push the limits of what is legal? The IRS isn’t putting up with frivolous deduction claims, and in fact, will slap you with a fine.  U.S. legal code 6702 states that “A person shall pay a penalty of $5,000 if such person files what purports to be a return of a tax …and is based on a position which the Secretary has
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This month I came across a couple of interesting articles from my StumbleUpon I wanted to share with you. Here is a recap of tax news covering topics on all things tax, from news on Innocent Spouse relief, giving to charity, tax scams and more celebrities tax problems.
IRS does ‘the right thing’ for the ‘innocent spouse’ – Michelle Singletary discusses the IRS and their decision to remove the two-year limitation
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I came across an article called Individual Taxation: Digest of Recent Developments that summarizes recent changes and developments on individual taxation. The article goes into a good amount of detail to outline both last and this year’s tax regulation changes that will affect individual consumers. I highlighted some “best of’s” from the individual taxation article below. It is important to keep informed on tax law changes as most of these changes in taxation
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By Joseph Arsenault, CPA Founder of Cafetax.com
A large majority of taxpayers wait until tax season to communicate with their tax professional to have their taxes prepared. Avoiding tax planning during the year can cost a taxpayer thousands of dollars. Tax planning can be useful, whether the tax return is simple or complex. This is a great time to consider possible strategies and decisions you can make in 2011 to decrease
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