Posts Tagged ‘tax resolution’
Wednesday, September 23rd, 2009
James Press, the Deputy Chief Executive of Chrysler, is now facing government tax liens due to his inability to pay off loans without his bonus paycheck.
Chrysler received $4 billion in government rescue loans in early January of 2009 to avoid collapse–the harsh conditions faced by Chrysler also led to the discontinuation of all managerial bonus payments.
According to Bloomberg News, “Due to the turmoil in the automobile industry and uncertainty surrounding
Tags: Back Taxes, Chrysler Deputy Chief Executive, IRS debt, IRS help, IRS liens, James Press, Michael Rozbruch, tax attorney, tax help, tax liens, tax problems, tax relief, tax resolution
Posted in Back Taxes, IRS Tax Cases, IRS help, Tax news and tips | No Comments »
Tuesday, September 22nd, 2009
Recently, the IRS decided to expand on an existing program of mining mortgage payment data to catch tax cheats—anyone who reported less income than they paid in mortgage interest run the risk of getting an IRS audit.
Each year, the home lender sends the home owner a 1098 form, also known as the mortgage-interest statement. The IRS also receives a copy of this form and will cross-check the numbers on this
Tags: Back Taxes, delinquent taxes, IRS debt, Michael Rozbruch, mortgage-interest database mining, tax attorney, tax help, tax resolution
Posted in Back Taxes, Seeking Professional Tax Help, Tax news and tips | No Comments »
Monday, September 21st, 2009
In an effort to keep the doors open for foreign bank account holders wary of criminal prosecution, the IRS has extended the deadline for voluntary disclosure from September 23rd to October 15th, giving taxpayers an extra 2.5 weeks to come clean about their undeclared income.
If you have undeclared funds in foreign bank accounts, now is the time to act in order to reduce your chances of criminal prosecution and to
Tags: amnesty period, Back Taxes, delinquent taxes, FBAR, IRS debt, Michael Rozbruch, substitute for return, tax attorney, tax evasion, tax relief, tax resolution
Posted in Back Taxes, IRS help, Tax news and tips | No Comments »
Thursday, September 17th, 2009
I’ve blogged many times about people who fail to file taxes, for whatever reason. They may be knowingly evading taxes or they may be too scared to file taxes because they are afraid that they won’t be able to pay whatever they owe the IRS. Did you know that you can file a tax return, even when it is grossly late? Better to file a delinquent tax return, than be convicted
Tags: delinquent tax return, failure to file taxes, filing late tax returns, irs problems, IRS specialist, late tax return, tax attorney, tax cheat, tax delinquents, tax evasion, tax help, tax relief, tax resolution
Posted in IRS Tax Cases, IRS Times and Inquirer, Unfiled Returns - Delinquent Tax Returns | 1 Comment »
Thursday, September 17th, 2009
As the IRS Amnesty Period is drawing quickly to its expiration date next Wednesday, September 23rd, 2009, overseas account holders must act quickly to voluntarily disclose their funds abroad to reduce their chances of criminal prosecution.
Over Labor Day weekend, a member of the wealthy and privileged elite, Finn M. W. Caspersen, took his own life in the Shelter Harbor Golf Club in Rhode Island. Authorities believed that Caspersen may have
Tags: Back Taxes, delinquent tax returns, delinquent taxes, failure to file, FBAR, Finn M. W. Caspersen, Free Tax Consultation, IRS debt, irs problems, Michael Rozbruch, overseas bank account holders, tax attorney, tax evasion, tax expert, tax help, tax resolution, UBS deal
Posted in Back Taxes, Tax news and tips, tax help | 1 Comment »
Tuesday, September 15th, 2009
Auto dealers across the nation have been benefiting from the “Cash for Clunkers” stimulus program–selling more fuel efficiency cars in exchange for fuel-guzzling “clunkers.”
Not only are average consumers loving the $4,500 non-taxable cash vouchers from trading in their old cars for new ones, auto dealers can also benefit above and beyond the mere increase in sales. In order to auto dealers to save money and avoid serious
Tags: Back Taxes, cash for clunkers, income tax relief, IRS debt, irs problems, IRS tax audits, IRS tax breaks, Michael Rozbruch, tax attorney, tax deductions, tax help, tax relief, tax resolution, tax resolution services
Posted in Back Taxes, Expert Help From Tax Attorney, Tax news and tips | No Comments »
Monday, September 14th, 2009
Recently I had the pleasure of appearing on Fox Business News to talk about how taxpayers can reduce their back taxes and resolve their IRS tax problems in the current economic climate. I was very excited to share tax resolution tips with a national audience; in times like this, it has become especially important for taxpayers to learn how to resolve their back taxes and avoid IRS penalties to protect
Tags: Back Taxes, Brian Sullivan, Fox Business News, IRS debt, IRS help, IRS problem solver, irs problems, Michael Rozbruch, tax advice, tax attorney, tax expert, tax relief, tax resolution, tax resolution services, tax settlement
Posted in Back Taxes, IRS help, Seeking Professional Tax Help, income tax relief | No Comments »
Friday, September 11th, 2009
In my industry, I see many cases where taxpayers could avoid or reduce IRS penalties if they provide sufficient documentations that substantiate their business deductions.
Upon IRS request, you must have sufficient documentation to prove the legitimacy of your tax deductions in order to avoid tax evasion charges. If however, you are unaware of illegal deductions that your spouse made on your joint tax return, you are eligible to file for
Tags: Back Taxes, business expense deductions, delinquent tax returns, delinquent taxes, Free Tax Consultation, IRS debt, Michael Rozbruch, tax attorney, tax evasion, tax relief, tax resolution, tax resolution services, wrongful tax deductions
Posted in Back Taxes, Innocent Spouse, Seeking Professional Tax Help, Tax news and tips, tax help | 1 Comment »
Friday, September 11th, 2009
Recently I blogged about my guest appearance on Fox Business News talking with Brian Sullivan about the latest IRS collection efforts and how taxpayers need to know how to avoid and resolve back taxes in order to secure their financial future.
In the current tax climate, the US Government is hard-pressed for funding in order to pay for programs such as the $800 billion stimulus package, the “Cash for Clunkers” program,
Tags: Back Taxes, delinquent taxes, IRS debt, irs problems, Michael Rozbruch, penalty relief, tax attorney, tax cheat, tax evasion, tax expert, tax help, tax relief, tax resolution
Posted in Back Taxes, Expert Help From Tax Attorney, Penalty Abatement, Seeking Professional Tax Help | No Comments »
Thursday, September 10th, 2009
I received a virus in my email inbox recently from someone that looked like they were working for the IRS, but was in actuality a scam artist. Check out the latest deception method to obtain personal information from taxpayers like you:
——————-
From: Internal Revenue Service [mailto:no-reply@irs.gov]
Sent: Wednesday, September 09, 2009 7:32 AM
To: TRS
Subject: Notice of Underreported Income
Taxpayer ID: michael-00000174073547US
Tax Type: INCOME TAX
Issue: Unreported/Underreported Income (Fraud Application)
Please review your tax statement on
Tags: Back Taxes, delinquent taxes, Identity Theft, IRS debt, IRS help, IRS problem solver, IRS scams, Michael Rozbruch, tax expert, tax resolution, tax resolution services
Posted in Identity Theft | 1 Comment »
Wednesday, September 9th, 2009
Baseball superstar, “Miracle Met” Jerry Koosman went from being cheered by his fans to being escorted by the police to jail for not paying his back taxes for the years 2002-2004.
Between Koosman’s Major League Baseball pension, autographs, public appearances, and selling his stocks, he made around $754,950 over those years, out of which $80,000 belonged to the government.
In May, Koosman pleaded guilty to IRS tax evasion charges. “Like most people
Tags: Back Taxes, delinquent tax returns, delinquent taxes, failing to file federal tax return, IRS debt, Michael Rozbruch, tax attorney, tax evasion, tax expert, tax relief, tax resolution, tax resolution services
Posted in Back Taxes, Expert Help From Tax Attorney, IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips | 2 Comments »
Tuesday, September 1st, 2009
This Wednesday, I will be appearing as an expert guest on Fox Business News to talk about some of the pressing tax problems taxpayers are facing due to the recent surge in IRS enforcements.
Please tune in to Fox Business News tomorrow morning, September 2nd, at 8am to learn how you can protect your financial future by staying informed of your tax obligations as well as how you can save money
Tags: Back Taxes, first-time homebuyer tax credit, Fox Business News, health care bill, IRS help, IRS penalties, Michael Rozbruch, tax attorney, tax evasion, tax expert, tax penalties and interest, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement
Posted in Back Taxes, Tax news and tips | No Comments »
Tuesday, August 25th, 2009
For self-employed taxpayers whose taxes are not automatically deducted by their employer, it is especially important that they stay on top of their tax returns to avoid IRS penalties. Income from interest and proceeds due to real estate and stock sales are considered taxable income. If you receive money from your real estate or stock sales and do not report these revenues as taxable income, you are inviting yourself
Tags: delinquent tax returns, delinquent taxes, failing to file federal tax return, failure to file, Free Tax Consultation, IRS audits, IRS debt, IRS enforcement, IRS help, irs problems, IRS tax penalties, IRS tax problems, Michael Rozbruch, tax attorney, tax audit, tax audits, tax debt, tax lawyer, tax penalties, tax relief, tax resolution
Posted in Seeking Professional Tax Help, Tax news and tips | No Comments »
Tuesday, August 25th, 2009
It’s official–UBS, the Swiss Banking Giant has reached a deal with the US Government and the Swiss Government to release around 4,450 names of American account holders suspected of tax evasion.
The US Government estimates there to be $18 billion hidden in these offshore accounts–giving the IRS plenty reason to scrutinize and audit both the innocent and guilty in the upcoming months.
If you have a UBS account and have not paid
Tags: amnesty period, IRS help, Michael Rozbruch, Penalty Abatement, tax attorney, tax attorneys, tax debt, tax evasion, tax evder, tax expert, tax help, tax lawyer, tax relief, tax resolution, tax resolution expert, tax resolution services, UBS tax settlement, Voluntary Disclosure
Posted in IRS Question Corner, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips, Voluntary Disclosure | 1 Comment »
Friday, August 21st, 2009
With today’s tax scam horror stories and so many choices for tax lawyers, choosing the right tax attorney may seem a daunting task. When you’re faced with IRS tax problems such as back taxes and delinquent tax returns, there are many different tax attorneys in the yellow book who will “deal” with these issues. How do you know that you’ve chosen the correct representation for your unique situation? You must
Tags: Back Taxes, delinquent taxes, installment agreements, IRS debt, IRS help, IRS penalties, IRS problem solver, IRS tax resolution, Michael Rozbruch, tax attorney, tax lawyer, tax levies, tax liens, tax penalties, tax representation, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Expert Help From Tax Attorney, IRS Installment Agreements, Seeking Professional Tax Help, Tax Liens and Levies, Taxpayer Rights | 2 Comments »