Even the IRS is feeling the festive holiday spirit! And this means possibly a bit of tax relief in time for the holidays. The bureau announced this month that they have over $164.6 million in undelivered refund checks and want to deliver them to their rightful owners. What does this mean for you? If you are one of the 111,893 taxpayers who are owed a refund check but never received
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With tax-relief firms getting sued by state authorities and making headlines for cheating distressed taxpayers out of thousands of dollars in upfront retainer fees, consumers need to be wary of tax relief pitches that sound too good to be true. Consumers with back taxes and other audit or collection-related problems should beware of unethical trade practices such as guarantees that cannot be delivered on.
In order to gain tax relief, we
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Earlier this year, there was a lot of heat over the UBS-IRS deal where thousands of taxpayers’ names were handed over to Uncle Sam for undisclosed overseas bank accounts. While the worst of the storm may have passed for now, it is imprudent for taxpayers with overseas bank accounts to let down their guards.
Last Tuesday, the IRS announced that it has dropped its case against UBS after the Swiss banking
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Filing an Innocent Spouse claim with the IRS can protect qualifying taxpayers from IRS back taxes, interest, and penalties related to a spouse (or former spouse).
It may be an afterthought to many couples, but filing joint tax returns means that each spouse is 100 percent liable for 100 percent of the tax debt owed, even if one spouse has no idea about the financial activity of the other.
There are tax
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It might seem like an oxymoron, but we really should be thankful for the Internal Revenue Service. It is a fair and (mostly) comprehensible system that is the envy of many people around the world who answer to corrupt officials and governments. While it may provide little solace to those struggling with tax debt in the slowly rebounding economy, in the spirit of the holidays we have put together our
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As the troubled economy begins its slow rebound, year-end tax planning is more important than ever, especially if you are one of the estimated 26 million Americans who needs tax relief from back taxes owed to the IRS. With the IRS enforcement budget at a record $5.5 billion, more people than ever are a potential target of the IRS and will need to know these valuable suggestions to avoid and
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Attention people with tax problems!  Don’t be a part of a fraudulent tax scheme to pay lesser taxes!  If you have tax problems, Tax Resolution Services has options!  We offer a free tax consultation to review the depth of your tax problems and can offer an array of solutions that finds you the best tax relief.  Many of our tax clients are able to qualify for the IRS Offer in Compromise progam – paying
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Followers of talk show host Sean Hannity no doubt are familiar with his less than sanguine feelings regarding the nation’s tax system as well as the broad scope of the IRS enforcement powers, both of which are frequent topics on his nationally syndicated radio show.
“The IRS continues to step up its efforts to come after you for what they think is their money,” Hannity says. “The audit rate today is
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Are back taxes keeping you awake at night?  Is the IRS demanding payment of back taxes, penalties and interest, and you don’t feel like you can pay it?  There are options!  The first step is to get a tax professional on your side.  At Tax Resolution Services, we deal with back taxes and the IRS everyday.  We can negotiate an IRS payment plan, or possibly even a reduction in what
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Even if you can’t afford to pay your back taxes to the IRS, it is essential to avoid stiff penalties from the IRS and file all delinquent returns now. Every year, thousands (potentially millions) of taxpayers fail to file legally required tax returns. The act of not filing usually results in increasingly damaging problems as time goes by, such as additional interest, crippling penalties and IRS collections including levies on your
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This just in: Los Angeles Lakers’ forward Lamar Odom is suing the IRS for over $87,000 in tax bills from 2007–by himself.
According to Forbes, the 6-foot-10 NBA star is contesting the IRS for disallowing him to deduct $12,000 in sports fines and another $178,000 spent getting himself into shape in 2007. In a letter to the IRS, Odom wrote in the third person that “the taxpayer claimed $12,000 of employee
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Every year, hundreds of thousands (potentially millions) of taxpayers fail to file legally required tax returns. The longer people put off filing their tax returns, the more severe their IRS tax problems become. An important step in avoiding IRS tax trouble is to understand how the IRS approaches delinquent tax return penalties. Read on to learn more.
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Question: I filed my tax return late and was shocked when I saw my
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With only less than 2 months left before the year is over, I’d like to take a moment and re-capture some of our top blog posts from last month. These are the tax help blog posts that received the most visits–so in case you missed it the first time around, here comes the round-up:
What To Do Before the October 15th Tax Extension Deadline if You Need Tax Help for Unfiled
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Check it out: Tax Resolution Services lights up the big screen in Las Vegas and Times Square!
As a dedicated national tax resolution firm, our TRS team is very excited to share footage of some of our latest public exposures.
You can see our TRS logo lit up on the Fashion Show Mall billboard in Las Vegas:
TRS also enjoys high visibility in one of the most popular spots on Earth–Times Square, New
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Yahoo’s Associated Content is a great site that enables professionals and experts to share and publish their knowledge with millions of readers. This diverse community offers content from across the web, featuring contributors who offer expert content and information.
So I was honored when I got the news that Associated Content has recognized me as an expert Business and Finance Contributor based on my professional experience coupled with my library of informative and well-written
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