Recently, I have been asked for my thoughts on the IRS’ proposal to pre-filled tax returns. Under a proposed system, the IRS would pre-fill taxpayers’ returns with the data employers and financial institutions have already reported. I came across a Forbes article titled: “Are IRS Prepared Tax Returns the Solution to our Tax Woes?“ that presented a decent overview of what such a system would mean for taxpayers, tax preparers and
[Read More]

For fifteen years, I have helped resolve IRS tax issues for good people who made past tax mistakes and got into trouble with the IRS. These folks got the the tax relief they needed because they hired expert tax representation capable of handling cases such as theirs. A new Tax Resolution Services commercial for The Blaze TV reminds taxpayers who owe back taxes how important hiring certified tax representation to handle
[Read More]

Last year I wrote an article titled, “The E-Commerce Conundrum: Taxing Virtual Businesses and Their Investors and the Law”, to point out potential IRS tax problems facing e-commerce businesses. I did this because state lawmakers were introducing legislation that forced them to collect and pay state taxes. Fast-forward to today and it looks like online businesses may in fact be mandated to do just that.
A Web Pro News article titled,
[Read More]

This episode of the national network television show, TaxMan highlights the story of yours truly, Michael Rozbruch. I thought consumers out there should get to know me a little bit and understand my background. I also wanted to convey my reasons for wanting to resolve people’s tax problems and why I started Tax Resolution Services, Co. fifteen years ago and have never looked back. (Below the video are some main
[Read More]

The discussion of the tax code has been front and center especially since the National Taxpayer Advocate, Nina Olson released her annual report to Congress. In it, Olson suggested the need for tax reform and strongly urged lawmakers to take significant steps to simplify the way too complex tax code.
People often ask me what would happen if we just had a flat tax. I decided to answer that question in
[Read More]

Being able to help people resolve their tax problems is the reason I enjoy coming to work every day. I especially enjoy sharing real client success stories because it shows that good people sometimes fall on hard times and have tax issues with the IRS. It also proves that there’s a solution to every tax problem if clients find the right representation.
A new commercial for The Blaze TV highlights former clients
[Read More]

The week after Thanksgiving was busy with tax news. Here are some of the topics we reported:
Tax Evasion

Scrap Metal Dealer John W. Hufgard, 59, of Bath, Ohio, was charged with three counts of tax evasion for allegedly evading approximately $397,659 in federal taxes for tax years 2007 through 2009.
John Giannelli Sr., 66, of Danvers, Mass. pleaded guilty to operating an illegal gambling business. The charges and prison sentences Giannelli is
[Read More]

If you have unreported foreign bank accounts and assets, you will want to rethink your current status when you see how high the IRS is raising the stakes. A recent Forbes article by Robert W. Wood titled “Forbes Undisclosed Foreign Bank Accounts? They’re Even More Explosive Now“ makes clear how the Agency is using its generous resources to go after and prosecute tax evaders who, in spite of several years
[Read More]

Several months ago, I wrote an article explaining some of the challenges facing e-commerce titled “The E-Commerce Conundrum: Taxing Virtual Businesses and Their Investors and the Law.” At that time, e-commerce businesses were feeling pressure from state legislatures to collect and pay state taxes and grappling with the new 1099-K form and reporting rules.
A recent Reuters article Online sellers scrambling to understand new IRS 1099 form reports that the IRS
[Read More]

Last month I wrote a post about the “real life” identity theft case of Big Biz Show radio and TV personality Robert “Sully” Sullivan. Sully came to the Tax Resolution Services offices to tell me he was the victim of identity theft and inquire as to what he should do next. Identity theft negatively affects hundreds of thousands of Americans every year who file their tax returns only to discover
[Read More]

Attempting to understand the appeal of offshore tax havens, NPR’s Planet Money team decided this last July to wade into the murky offshore waters and create a few shell companies in countries advertising tax haven status. According to the Team’s Chana Jaffe Walt in the latest broadcast titled “The Downside of Tax Havens? Paperwork,” the process of buying the two companies one in Belize: “Unbelizable Inc” and one in Delaware:
[Read More]

Happy Friday! It’s time for a review of this week’s mixed bag of tax relief topics:
Currently Not-Collectable Status – Status 53
A new video from the Tax Man series explains how Currently Not-Collectable Status works for taxpayers having trouble with tax debt repayment because their current expenses are higher than their income. Currently Not-Collectable Status gives these folks time (sometimes up to two years) whereby they are not obligated to
[Read More]

On September 1, 2012 the IRS released new instructions for Americans living abroad or dual citizens that will make it easier for them to report their foreign assets. These new and streamlined guidelines are in accordance with the Foreign Account Tax Compliance Act (FATCA). Enacted in 2009 as a legislative means to curb tax evasion, FATCA required all Americans wherever they live in the world, report their earnings and assets
[Read More]

With summer still in the air, the IRS wants us to start thinking about our 2012 taxes. In recent post for the Tax Matters blog, I highlighted recent IRS Summertime Tax Help Tips that aim to let taxpayers know it’s not too late to change 2012 tax withholdings to avoid the following:

Withholding too much and receiving a big tax refund
Withholding too little and receiving  a high tax bill

Most people have
[Read More]

It’s one thing to call yourself a “tax resolution specialist” but it’s another to back up that designation with credentials. At Tax Resolution Services, Co., (TRS), we require that our all tax resolution experts meet the educational, experience, and examination requirements prescribed by the American Society of Tax Problem Solvers (ASTPS) making them a Certified Tax Resolution Specialist (CTRS). Becoming a certified tax resolution specialist is not easy, but rewarding
[Read More]