Reminder: 18 days left until Tax Day!
Here’s a review of the tax relief news covered this week. Featured topics include: IRS releases 2013 Dirty Dozen Tax Scam/Scheme List, businessmen guilty of tax evasion and filing false returns, IRS apologies for expensive Star Trek training video and hiring a tax professional versus tax preparation software.
IRS Releases 2013 Dirty Dozen Tax Scam-Scheme List – as well as a video to remind taxpayers
Posts Tagged ‘tax professional’
Reminder: 18 days left until Tax Day!
Happy Friday! Tax Day Countdown: 24 days. If you are deciding to hire a tax professional at this stage, make sure you read the following seven tips for choosing a tax professional to help you make a more informed decision. It could help you decide your needs as well as avoid any future IRS tax problems.
Make sure the tax professional has a year round business – Some professionals only work on
If you are in tax debt and worried about your future, it’s time to see a professional.
It’s coming — next month.
The dreaded Tax Day.
For some, it’s the worst day on the calendar.
Because they have tax debt.
Or they are under government scrutiny.
Or they are cheating — perhaps they prefer the term fudging? — their taxes and are concerned about getting caught.
Are you one of these U.S. consumers?
If so, you have reason
An article by Forbes titled “11 Changes You Must Know Before Filing Your Tax Return for 2012” reminds us that the recent changes to the tax code could affect many of us and our wallets this tax season. Here are eleven important changes that the article highlights:
Payroll Tax Credit for Self-Employed Taxpayers
W-2 Forms Changed This Year Due to the Affordable Care Act (ACA)
2010 Roth Conversions May Be Subject to Tax
Question: I know I have a huge tax debt. And I know I need to do something about it. I probably should see a professional. But in the meantime, I’ve been trying to do my own research, and I’m stuck. I just don’t understand the difference between the Offer in Compromise and the Installment Agreement.
Answer: Admitting that your tax debt is a problem and acknowledging that you should
Last week I was quoted in The Fiscal Times article “Tax Hell: New Laws, New Reasons to Hire an Expert” by Steve Yoder. The article mentions Taxpayer Advocate, Nina Olson’s recent report to Congress that is critical of the burden the current tax system places on taxpayers, specifically on tax return preparation. Olson laments that the tax code is so complex, its burden essentially “requires” taxpayers to use their own
Every month at Tax Resolution Services we choose a very special Tax Client Of The Month. It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Steven A.
Mr. Steven A. owed the IRS $46,000 in back taxes when he sought help. After several months of negotiations, we were
The Tax Resolution University blog recently received a Wise Bread Wise Score of 69.03, nationally ranking our blog #107 among personal finance blogs! Our Wise Score of 90 indicates that the blog is better than 90% of its peers “on average”.
The Tax Resolution University blog was created to give people facing IRS tax problems a place to go for resources, news and information so they could take the first steps
It’s one thing to say you’re a “tax resolution specialist” but it’s another to back up that designation with formal credentials. At Tax Resolution Services, Co., (TRS), we require that all of our Tax Attorneys, CPAs and Enrolled Agents meet additional educational, experience, and examination requirements prescribed by the American Society of Tax Problem Solvers (www.ASTPS.org) making them Certified Tax Resolution Specialists (CTRS).
Founded in 1998, Tax Resolution Services, Co. is
A Barron’s article titled Tax Refund Delays Could Trigger Recession reports on how the tax issue surrounding the delayed refunds could actually send our already weak economy into recession in 2013.
As I stated in a previous post, without a “patch” by Congress to the Alternative Minimum Tax (AMT), 33 million or 1 in 5 taxpayers will see their tax liabilities increase. The re-calculation of these tax liabilities means that the
The fiscal crisis has dominated this week’s news. Surprisingly absent in the current conversation is how going over the “fiscal cliff” will affect the Alternative Minimum Tax (AMT) and increase tax liabilities for tens of millions of Americans. A Newsmax Money News Article titled Alternative Minimum Tax May Play into Cliff Talks was one of very few articles to explain to ordinary taxpayers what it means if lawmakers don’t address
Late Monday afternoon, I read a Forbes article by Stephen J. Dunn titled Tax Resolution Schemes Persist and was stunned. Not because of the subject matter, but by Dunn’s inability to recognize tax resolution firms as anything other than a “scheme” to be avoided at all costs. As someone who has helped thousands of taxpayers achieve permanent tax relief since 1998, I took issue with Dunn’s limited view on tax
Starting a business can be an exciting and overwhelming endeavor. If you are ready to take the plunge and start out on your own, make sure you factor tax strategy into the planning phase. The last thing you need as you run your business is backwards work with tax troubles.
Some of the best tax help is right at your fingertips via the IRS website, irs.gov. Through its Publication 583, titled
The June 28 Supreme Court decision to uphold most of the Affordable Care Act (ACA) has been a hot tax topics in recent weeks. This decision will impact most American taxpayers. As a certified tax resolution specialist that helps clients avoid IRS tax issues, new expanded IRS powers are of particular interest to me. A recent Washington Post article entitled Supreme Court’s decision renews questions about IRS capability to enforce
In addition to solving IRS tax problems, Tax Resolution Services, Co. was honored last month with two American Business awards (aka the Stevie awards) for our work in the tax resolution industry. I was honored with a bronze Stevie Award for Maverick of the Year and my colleague and Tax Resolution Services’ President, Brian Compton received a silver Stevie as Executive of the Year in Accounting, Banking and Financial Services.