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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Effective immediately the IRS will be allowing tax relief to the innocent spouses of those with serious IRS tax problems and back taxes. The new rules will help protect partners, especially those from abusive relationships, by granting relief to those who could have been deemed liable for a spouse’s tax problems. The Wall Street Journal’s Laura Saunders explains how the new rules differ from the original rule of a 2
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I created a video (watch it below) where I spoke at TRS’ headquarters about how so many people today are in trouble with the IRS and in need of tax relief – I thought would be worth sharing here on the Tax Resolution University Blog.

Here are my critical tax relief points from the video:
1. The economy affects back tax payment ability
One in every six Americans has a tax issue with
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Michael Jackson’s former manager is facing some major IRS tax problems. Raymone Bain was charged on two counts of failure to file tax returns from 2006 – 2008 despite large earnings from working for the star as his general manager and spokeswoman during that period.
Bain pleaded guilty on Wednesday, June 22 for failing to file both federal and District of Colombia returns.  She is scheduled for sentencing on August 13,
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Last year Congress made some new decisions about the amount of business deductions that can be made on your car purchased after Sept. 8, 2010, and before Jan. 1, 2012. If you are like most business owners, you want to tap into these tax breaks when you can.  Laura Saunders of the Wall Street Journal highlights some great tax relief tips (new and old) you need to know about deductions
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Accused of killing her daughter Caylee, Casey Anthony has been in the national spotlight since 2008.
Now, she’s also in the Internal Revenue Service’s spotlight. The IRS has filed a $68,520.41 tax lien against Anthony in Kississmee, Fla.
Anthony was on trial for the murder of her daughter. She was found not guilty.
When the IRS files a tax lien against someone, they mean business.  They use the lien to enforce collection activity
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The FBAR… anyone familiar with that term?  I would assume that most people aren’t, so let me explain. The FBAR is an acronym for the Report of Foreign Bank and Financial Accounts and is actually a form known as the TD F 90-22.1, a pdf directly downloadable from the IRS for your filing convenience.  Kelly Phillips Erb, aka: Tax Girl,  wrote an article for Forbes online explaining the important
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Today’s Tax Resolution Tip:
Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!
While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction
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Today’s Tax Resolution Tip:
Unfiled tax returns are very dangerous. If you have any delinquent tax returns it is essential that you file your latest tax return, including any prior tax returns you missed out on. Not filing your returns can cause significant problems as time goes on.
File any and all delinquent tax returns as soon as possible. State what you owe. This will save you money and help you avoid
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Today’s Tax Resolution Tip:
Are you self-employed? Make your tax filing easier by creating a ‘tax’ account. Then place 30% of every dollar for Social Security, Income Tax and FICA  into that account and use it to make quarterly payments from it.
Avoid filing problems and make your life easier!
Do you owe back taxes to the IRS? Settle your debt with expert tax help. Check out our tax relief FAQs for more information
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Many people spend a lot of time, effort and money into preparing accurate yearly income tax returns, even if a professional is giving tax help.  The process is often complicated and accuracy is important. With that combination of factors errors can become common and the IRS wants to see those errors fixed in a timely fashion. The Wall Street Journal Article titled If You Goofed on Your Taxes, Fix It.
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Today’s Tax Resolution Tip:
You can file for an extension on your tax return!
It is your right as a consumer. However, an extension grants you an extension of time to FILE, it is not an extension of time to PAY. You would still have to pay any taxes owed on time, however you can request a little more time in filing your tax return.
Get more daily tax tips at 365 Ways
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Jan Van Dusen, a volunteer for a cat rescue program, recently went to battle with Tax Court to deduct expenses for the care of some 70 plus cats. The article Stray Cat Strut: Woman Beats IRS published in the Wall Street Journal outlines how Ms. Van Dusen won her case against the tax court in her argument for the deduction for over $12,000 in bills accumulated for the care of
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Today’s Tax Resolution Tip:
Remember to sign and date your tax return! This may sound basic, but in the midst of finalizing one’s return the basics are often overlooked! If you’re filing a joint tax return, both you and your spouse have to sign. (Both must sign even if only one spouse had income during the tax year.) If you paid anyone to help prepare your return, they must sign also!
Don’t
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