On a recent interview with Deborah at RTTNews.com we discussed the new types of incentives that can be great tax help for our clients in 2011. Here is a brief run through of some of the tax relief solutions that I  touched on during my interview and where you can find more information on each one:

Green energy or anything that is environmentally friendly. Read more about 2011 green tax incentives
[Read More]

Need more proof that the IRS is unrelenting when it comes to collecting unpaid back taxes? A recent article by the Associated Press reveals that “the IRS filed nearly 1.1 million liens in the budget year that ended in September, a 14 percent jump over the previous year.”
For those who are unfamiliar with tax liens, they are essentially punishments for taxpayers who have fallen behind on their taxes for years.
[Read More]

Nonpayment of payroll taxes is taken very seriously by the IRS.  Payroll taxes are considered a “trust tax” and when employers try to evade paying the payroll taxes due, or simply not pay them at all, the IRS can be very aggressive in their collection attempts.  Unpaid payroll taxes can cause you to lose your business – and your freedom – as demonstrated in this article below:
Victor Manuel Amaya of
[Read More]

Happy New Year! Now that the festivities are out of the way, why not make your new year’s resolution to be tax debt free? If you owe back taxes, you are not alone! 1 in 6 taxpayers need help with their taxes. Start 2012 right by getting on the right track to tax resolution!
Check out this post with helpful tips on how to get organized and start resolving your back
[Read More]

Earlier this month we mentioned that the IRS have over $164.6 million in undelivered refund checks and want to deliver them to the rightful taxpayers. 111,893 taxpayers who are owed a refund check this year never received it because of  simple mailing address errors. To solidify these almost too-good-to-be-true IRS news, Chris Knape from mlive.com reports that 2,297 of those taxpayers are Michigan residents and are owed $3 million in
[Read More]

As 2010 is coming to a close, it is a wise move to start thinking about closing the tax year off right. At TRS we believe in taking action as early as possible, no matter what your tax debt situation is.  And we are not the only ones that think so! We were recently mentioned in The San Francisco Examiner under SF Small Business Examiner, A. Michelle Blakeley’s post: 23
[Read More]

With the holidays in full swing, tax season is right around the corner. In this time of troubled national and local economies, more Americans are finding themselves delinquent on their taxes and facing increasingly aggressive collection efforts by the IRS.
At TRS we suggests four strategies to avoid and resolve IRS problems before they multiply.
* File a return on time even if you do not have the money to pay the
[Read More]

This holiday season, taxpayers may want to give gifts to family members or charitable institutions that help them make the most of allowable tax deductions and tax benefits. Unfortunately many people have made mistakes giving in ways that get them on the IRS naughty list. Learn more about how to save on your tax bill while keeping you out of IRS tax trouble with these IRS-friendly gift-giving tips.
Many individuals
[Read More]

According to recently released statistics, IRS audits have jumped a whopping 11% this year-targetting the wealthiest and business owners.
According to CBSNews, “the IRS examined more than 1.58 million individual returns in the budget year that ended in September, up from 1.43 million the year before.” With people whose incomes were more than $1 million, about a little over 8% were audited while the overall audit rate for individual tax returns
[Read More]

Is any publicity really good publicity?
This year alone, celebrity tax woes has caught taxpayers’ eyes from coast to coast and even abroad. Earlier this month, our team’s national tax expert Brian Compton was quoted in HowStuffWorks on how celebrities get in IRS trouble and why average taxpayers need to beware.
According to the HowStuffWorks article, celebrities meet their tax problems in various ways: “the oblivious (Nic Cage: I’m just an entertainer!),
[Read More]

For taxpayers who are scrupulous about filing every year and paying every dime of their tax bill on time year after year, it can be galling to hear about delinquent taxpayers who manage to settle their tax debt for far less than what they owe.
Our team at TRS understands the common frustration of compliant taxpayers. People ask, Why is it a good thing when someone can settle with the IRS
[Read More]

Are you haunted by back taxes?  A tax relief professional can help you settle your back taxes owed, giving you peace of mind and financial freedom.   Many people ask, why would I pay money to hire a tax relief professional when I cannot even pay the back taxes owed?  It’s simple.  A tax relief professional may help you qualify for a tax relief settlement where you pay only a fraction of
[Read More]

The IRS is fully integrating itself in social media. In keeping up with the times, our nation’s tax collection agency now offers timely tax tips, information on IRS programs like e-file, tax law changes and other quick snippets of information for taxpayers on its IRS Twitter @IRSnews. The IRS states the focus of its Twitter channel is to offer easy to use information and share timely content with taxpayers and the
[Read More]

What a a year 2010 was! With all the media exposure on tax relief scandals like Roni Deutch and American Tax Relief, celebrity tax woes, and the UBS offshore tax evasion cases. Alas, we are at a close of the year with only two weeks left before the new year rolls around, what can you do as an individual taxpayer now so that you can save some money come 2011
[Read More]

As the economy begins to slowly rebound, there are some 26 million Americans plagued with tax problems including audit or collection-related issues. And with the IRS collection efforts on the rise supported by a record enforcement budget of $5.5 billion, Americans need to know their rights and options for tax relief.
While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (a specialized tax
[Read More]