Posts Tagged ‘Tax Resolution Specialist’

TaxMan Episode Explains Importance of Tax Prep

Thursday, December 20th, 2012

The national network television show, TaxMan is a great resource for those who need tax help but are too overwhelmed to do anything about it. The TV series explains both IRS problems and tax relief solutions. After watching the episodes, people avoiding their tax issues will have a better understanding how they can resolve their tax troubles for good.
This episode of the TaxMan focuses on the Tax Prep Department
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IRS Getting Tougher on Undisclosed Bank Accounts

Wednesday, November 7th, 2012

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
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Major Tax Issues for Those Who Willfully Ignore FBAR

Friday, July 27th, 2012

Anyone who believes the IRS takes a “kinder, gentler” approach to taxpayers who don’t report their offshore bank accounts had their hopes dashed this week. In the news were two cases that involved secret Swiss bank accounts, millions of dollars unreported in those accounts and willful attempts at keeping those accounts hidden.

A Virginia court ruled in favor of the IRS against an ex-Mobil executive who they said intentionally failed to
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IRS Crackdown on Offshore Accounts Nets $5 Billion

Thursday, July 5th, 2012

More than 33,000 people reported offshore accounts to the IRS, resulting in revenue of more than $5 billion. But offshore accounts are only the beginning. The IRS is also looking at you.
After the Internal Revenue Service and the U.S. Department of Justice negotiated a settlement with Swiss banking giant UBS to release account information, effectively piercing the once-impenetrable Swiss banking veil, U.S. officials offered a deal to taxpayers hiding money
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Singer Lauryn Hill Faces Serious IRS Tax Problems

Tuesday, June 12th, 2012

Grammy Award-winning singer, songwriter Lauryn Hill has dominated tax news last week for being charged with failing to file and pay three years of back taxes to the IRS. If found guilty, Ms. Hill could face a $100,000 fine for each count and one year in prison. Fast forward to this week, news agencies from Accounting Today, the LA Times and Huffington Post all reported on the singer’s odd, lengthy
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Avoid IRS Tax Issues-File FBAR by June 30

Monday, June 11th, 2012

The next Report of Foreign Bank and Financial Accounts (FBAR) filing deadline is June 30th and the IRS is pretty specific; unlike federal income tax returns, extensions are not available. Therefore, if you don’t file by the June 30th date, expect to be up against hefty penalties. A recent Forbes Article by Robert Wood called FBAR Penalties: When Will IRS Let You off with a Warning? reminds us that the
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IRS Guidance on Forms for Offshore Foreign Accounts

Friday, December 30th, 2011

With numerous offshore account dramas unfolding recently, the IRS has been taking a closer look at offshore foreign accounts of US taxpayers. Taxpayers who have such financial interests in and/or signature authority over foreign accounts are already required to file a Report of Foreign Bank and Financial Accounts (FBAR) form if the combined value of their financial accounts exceeds $10,000 during the calendar year. Recently IRS sent out a reminder
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Delinquent Employment or Payroll Tax Problems?

Monday, July 25th, 2011

In this video, I speak to small business owners and independent contractors who owe delinquent employment or payroll taxes. When you don’t pay your payroll taxes, the IRS WILL catch up to you.  Should you find yourself in a payroll tax problem position where you have IRS stress, here are three key points to understand about the IRS’ stepped up efforts with collections. (See video and I type out the
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IRS Audits 6,000 Businesses for Unpaid Employer Taxes: Is Your Company the Next IRS Target?

Monday, July 19th, 2010

According to the  recent article on “IRS to Expand Audits as Cash Runs Low” by Joe Mont, it appears the IRS is doing anything and everything they can to make up for the “estimated $14 billion that companies underpay in employer taxes a year.”  The IRS plans to execute a three-year campaign that will crackdown on 6,000 businesses.  No one is safe from IRS audits as Uncle Sam zeros
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Ensure YOUR Tax Attorney is Well-Qualified as the IRS Issues Disciplinary Sanctions to List of Tax Resolution Specialists For Violating Regulations

Monday, November 30th, 2009

The IRS is not only busy cracking down on tax evaders both domestic and abroad, it is also tightening its grip on sanctioning who can practice before it. Recently, the IRS issued disciplinary sanctions to a list of tax attorneys, CPAs, enrolled agents, enrolled actuaries and enrolled retirement plan agents who violated IRS regulations for professional practice.
Here are some Questions to Ask Before Hiring a Tax Attorney, CPA or Tax
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Kentucky Man Does Not Report $500K in Income by Failing to File Taxes – Did You Know the IRS Accepts Delinquent Tax Returns?

Sunday, November 15th, 2009

Failing to file your tax return is a crime punishable by prison time and a hefty fine.  If you have failed to file taxes and feel like the IRS is breathing down your back, there is tax relief available.  You have the right to file your original tax return, no matter how late it is!  Tax Resolution Services is a professional team of tax attorneys and tax resolution specialists that
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The IRS Voluntary Disclosure Program is Over for Those Hiding Money Overseas – Reducing IRS Penalties is Still Possible with Help from a Tax Professional

Tuesday, October 27th, 2009

The IRS Voluntary Disclosure Program ended on October 15th.  For U.S. taxpayers who have been hiding money in Zurich, expect indictments and harsh prison sentences from the IRS.

By Michael Rozbruch, Certified Tax Resolution Specialist
For the more than 4,450 U.S. taxpayers who have bank accounts in Switzerland and haven’t told Uncle Sam, time’s up.
In an unprecedented settlement with the Swiss government and Swiss bank UBS, the Department of Justice and Internal Revenue
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Swiss Bank Account Information to be Turned Over to IRS: Tax Evaders Trying to Shelter Money May Consider IRS Voluntary Disclosure Program

Monday, September 28th, 2009

The end is near for U.S. taxpayers who are using the world’s most famous tax haven to shield assets and avoid paying Uncle Sam his due.  If you have an offshore account where you’ve been evading taxes, you should be worried!  Did you know that the IRS is offering an extension to the voluntary disclosure program to come clean about undeclared income?
By Michael Rozbruch
In one of the latest — and
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Tax Help for Small Businesses With Payroll Tax Problems: Why IRS Enforcement of Small Business Taxes Is Treasonous!

Wednesday, August 19th, 2009

With the recent surge in IRS enforcement, small businesses have become a major target for the government. The staggering annual $345 billion tax gap can be largely attributed to small business tax evasion; much of this has been because small businesses are difficult to enforce and many can manage to slip through the tax cracks by underreporting actual income.
Therefore, the IRS has shifted into high gears to catch and penalize
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Offshore Account Holders Can Still Seek Amnesty from Criminal Prosecution and Lower IRS Penalties Till September 23

Thursday, August 13th, 2009

UBS and the U.S. and Swiss governments are nearing a settlement over the Swiss bank’s forced disclosure of 52,000 names of  U.S. clients suspected of tax evasion.
While the final form of agreement is not yet in place, there are many implications for U.S. taxpayers, including innocent offshore account holders who did not use their Swiss accounts to evade taxes. They may be heavily investigated, so it will be
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