The IRS says the 60% of taxpayers file a return signed by a preparer. I was recently interviewed by Consumer Report’s Money Adviser for an article about the importance of hiring a good tax preparer. These days, having a good number cruncher can help you not only minimize your tax liability, but also keep you out of trouble with the IRS as they are stepping up enforcement.
Some things all taxpayers
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Check out the new radio show, America at Night hosted by John M. Curry, premiering Monday, March 16. It’s a two-hour nightly news, political news and review show featuring interviews with nationally recognized guests
I will be sharing tax tips and advice on settling IRS debt on the show – Check it out Wednesday, March 25. The show will air on several stations through the Pacifica Radio Network. As a tax
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It’s tax time and the April 15 deadline is making many individuals and small businesses anxious. In this challenging economy, many people will be unable to pay their full tax bill on time.
I was recently interviewed by Entrepreneur magazine on options for struggling taxpayers and I offered expert tax tips on how to make a deal with the IRS.
I always say the most important thing to do if you can’t
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I recently appeared on a “Hey! Are you Talking to Me?” with Paul Varga on WMLN 91.5 in Milton, MA. We talked about what taxpayers need to do if they can’t afford to pay their 2008 tax bill and how people in tax trouble can get help!
Most people get into trouble with the IRS by not filing when they should. On average, our tax relief clients come to us with
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Listen to my interview with Mind Your Bizness Show host Danielle Hampson. On “Talk to the Tax Expert,” we discuss what to do if you find yourself in financial difficulty and can’t afford to pay your tax bill this year.
In 2009, we can expect more tax audits and IRS actions against tax cheats. It’s a remarkable statistic, but 50% of the American tax paying public either haven’t filed appropriate
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CCH (cch.taxgroup.com) reports:
President Obama on March 6 signed HJRes 38 (P.L. 111-6), a continuing resolution that provides fiscal year (FY) 2009 appropriations through March 11, 2009, for federal government operations at several departments and agencies, including the Treasury Department and the IRS. The stopgap funding measure was necessary to allow additional time for Congress to complete action on a $410-billion FY 2009 appropriations package.
The omnibus package appropriates $12.7 billion for
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As the KLOS Tax Man, I give free tax advice to listeners who need help with their tax debt. It’s a great way for be to share my IRS problem solving skills and help more Americans qualify for tax relief. Check it out!
Tax Tip #44: Individuals finally get a tax break. For 2009 and 2010, taxpayers will see an immediate increase in their take home pay by between $400 to
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According to National Taxpayer Advocate Nina Olson, the IRS Taxpayer Advocate Service (TAS) handled more than 274,000 taxpayer assistance orders in FY 2008.
The TAS was created by Congress to help taxpayers resolve their tax problems with the IRS and ensuring that taxpayer rights are protected in each case. Olson also recently addressed the authority of the National Taxpayer Advocate to help taxpayers navigate their issues through the IRS. Olson revealed
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Last week, Sen. Carl Levin, chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, examined the recent deferred prosecution agreement between the Department of Justice and UBS AG Bank of Switzerland, as well as the DOJ’s ongoing attempts to force the bank to identify its U.S. customers with secret Swiss bank accounts.
Recently, a senior executive of a large Swiss bank was charged with conspiring with other
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I was recently asked to be the KLOS Tax Man! And as their go-to IRS expert, I give free tax tips to listeners who need help with their tax debt or IRS problems. Check it out!
Tax Tip # 28: More than ever, due to the current economy and the real estate meltdown, many hardworking Americans who never before qualified for tax relief, NOW QUALIFY.
Are you tired of those unfiled tax
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The government estimates that unclaimed refunds totaling approximately $1.3 billion are waiting to be claimed by about more than a million taxpayers who neglected to file a federal income tax return for 2005 and are eligible for refunds. However, to collect the money, a return for 2005 must be filed with an IRS office no later than Tuesday, April 15, 2009.
The IRS also estimates that about half of the taxpayers
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Today’s question comes from Doug P, an investment fraud victim interested in recovering his losses when he files his 2008 taxes…
In Dec. of 2007, I gave an independent broker some money to invest for me. About $30,000. Three weeks later  (first part of Jan 2008 ) he sends me a check for the amount I gave him and in the letter told me this money was never invested.
UHHHMMMMM. Ponzi gone
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The latest Obama administration nominee with tax troubles is Ron Kirk, the President’s choice to be U.S. trade representative. Kirk owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to pay them. He has also agreed to file an amended tax return this week
According to reports, the former Dallas mayor failed to list speaking fees as income because he paid them directly to support
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The American Recovery and Reinvestment Act includes approximately $300 billion of net tax cuts. The new stimulus act includes tax provisions that may impact you and your small business. You will want to familiarize yourself with the plan’s new tax relief provisions.
Several key tax provisions include:

New 5-year net operating loss (NOL) carryback rule.
Deferral of certain income from the discharge of indebtedness
Extension of the existing bonus depreciation rules, which allows businesses
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I recently blogged about the new economic stimulus package and how it affects your IRS bill. In addition to funding deficit-reduction activities, the federal government is looking at ways to close the tax gap by taking a closer look at employment tax returns.
According to the most recent estimates, payroll tax mistakes cost the IRS $15 billion – and tax experts agree that today’s figure is much greater! For several years
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