The Obama Administration has given the IRS more financial and human resources to restrict tax evasion for the next couple of years–making it more difficult for tax cheats to escape unscathed. In an effort to bridge the enormous tax gap (most of which can be attributed to underreported income–$285 billion), the U.S. Treasury is working with the IRS to accomplish a number of stricter regulatory goals that would result in
[Read More]

Keeping a consistent and clear record of your business expenditures is not only good business practice; it will also ensure you to receive the full amount of tax deductibles to which you are entitled. If you use your car for your business, it is extremely crucial for you to keep a clear record of the mileages you drive for your business each time you use it.
Recently, a self-employed individual was
[Read More]

As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
——————

QUESTION:
[Read More]

If you failed to file and pay taxes one year due to severe emotional or physical illness that disabled you from managing your finances, you may be able to escape paying the IRS tax penalties for that year–as long as you can prove the existence of a “reasonable cause” with strong evidence. If your illness incapacitated you from filing and paying taxes for multiple years, you may be eligible to
[Read More]

When taxpayers file for bankruptcy, some taxes and penalties may be discharged–giving people a chance of obtaining tax relief.  When someone files for bankruptcy, the “automatic stay” stops taxing authorities from collection actions including seizures and wage garnishments. The extent of the tax relief from bankruptcy may depend on a few factors including: the kind of tax involved, the age of the tax, whether a return was filed, and the
[Read More]

Check out our latest TRS IRS tax help newsletter for tax tips, IRS insider news, and income tax relief advice.
Many of our clients who retain our tax help services are interested in knowing how their life will change and when they can expect these changes to happen. In our Roadmap to Tax Resolution, we help you undertsand the process leading up to your IRS resolution - from the Free Consultation
[Read More]

Swiss banks are shutting the accounts of Americans as the Internal Revenue Service accelerates the hunt for tax dodgers. The country’s biggest banks, UBS AG and Credit Suisse Group AG, have told Americans to move their money into specially created units registered in the U.S., or lose their accounts. Smaller private banks such as Geneva-based Mirabaud & Cie. are closing all accounts held by U.S. taxpayers.
After the American government’s legal
[Read More]

As a tax resolution specialist, I provide IRS tax help to individuals and businesses every day - and I can help you solve your IRS problems!
Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, how to set up monthly payment plans with the IRS or general questions about tax relief to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
——————
QUESTION: If the statute
[Read More]

When our clients retain our tax help services, the first thing they often want to know is how their life will change and when they can expect these changes to happen. Upon retaining our firm to resolve your tax debt, some of the relief will be instant and some will be over time. Remember that IRS problems don’t start overnight and consequently they can take some time to resolve.
To help
[Read More]

It is extremely important for both parties entering into a marriage to understand the joint financial liabilities that come with matrimony. If someone enters into a marriage without fully knowing the extent of his/her partner’s financial situation with the IRS, he/she may find that IRS debt will apply to both persons in the marriage. During my talk with TJ McCormack last month on LA Talk Radio, we discussed the repercussions
[Read More]

In the current economy with people losing their jobs left and right, the one word we have not heard as frequently as “recession” is “bankruptcy.” There are more mentions of foreclosures in the aftermath of the credit crash than mentions of people filing for personal bankruptcies. When I was on the LA Talk Radio with TJ McCormack last month, we chatted about the possible boons of filing for bankruptcy and
[Read More]

As a tax resolution specialist, I help individuals and businesses resolve tax problems every day - and I can help you get the help you need to solve your IRS problems!
Got tax questions?  Send your questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or income tax relief in general to advice@taxresolution.com with “Ask the Tax Expert” in the subject line.
——————
Question: I am in the middle of
[Read More]

Return preparer fraud made this year’s IRS Dirty Dozen list of common scams taxpayers should avoid. In this down economy, the promise of large refunds may seem tempting to taxpayers, but victims of tax schemes will end up facing more tax problems in the long run.
Dishonest tax return preparers are scam artists that skim money from their clients’ refunds and charge inflated fees for return preparation services. They attract new
[Read More]

As a leading tax expert, I’ve  helped thousands of taxpayers resolve their federal and state tax collection problems. I love what I do and helping people solve their IRS problems is already incredibly rewarding - so on top of that, it’s a real honor to be named a Finalist in the Executive of the Year category in the 2009 American Business Awards. I was also recently recognized by CPA Magazine
[Read More]

Join me and KFI radio host Bill Handel on Saturday for Law Day 2009 at Whittier Law School. This event is FREE and open to the public!
Law Day at Whittier Law School (3333 Harbor Blvd., Costa Mesa, CA)
Saturday, May 30,  2009 /9:00am to 2:00pm
Bill Handel will be on hand to give you marginal legal advice during a LIVE taping of his show Handel on the Law. There will also be
[Read More]