Wesley Snipes is going to prison.
For three years.
For unpaid back taxes.
You know who I’m talking about. Snipes, the star of Blade and White Men Can’t Jump, was convicted of willfully failing to pay taxes on $38 million of income for the tax years 1999 to 2001.
After a judge rejected his appeal, Snipes was ordered to turn himself into federal authorities and begin his three-year prison sentence.
People who track tax protestors
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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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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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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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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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What’s worse than having IRS tax problems? How about ending up with even more tax problems and less money? As horrific as this scenario sounds, it happens to more average taxpayers every day as tax relief companies are actually scamming distressed taxpayers instead of helping them.
I was recently quoted in an AOL Daily Finance article: “Have Tax Problems? A Tax-Relief Firm May Only Add to Them” by Sheryl Nance-Nash about
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With a record enforcement budget, the IRS is serious about collecting back taxes and penalizing those who have inadvertently or deliberately evaded their tax payments. A-list celebrities like Wesley Snipes, Paul Hogan, Reggie Bush and many others have faced severe IRS charges and penalties for evading large sums of tax payments.
The media loves to play up the distress of big-name tax evaders who have been caught by the IRS, but
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My colleagues and I have recently returned from a very rewarding weekend in Las Vegas where we attended the Super Advanced Tax Resolution Seminar hosted by ASTPS (American Society of Tax Problem Solvers).
The seminar was held on October 21-23 and covered a number of important and useful tax relief topics from abusive trust tax evasion schemes to how to prevent levy, garnishment, and seizure of assets. The weekend-long seminar featured
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Many taxpayers in the current economic downturn are struggling to make ends meet, have lost theirs job, are living off their 401K plans – and are facing a hefty debt to the IRS. The IRS is serious about its debt collection actions, appointing thousands of new collection personnel to ensure the federal agency collects on outstanding debts.
Owing thousands of dollars in back taxes to the IRS puts you in a
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Contrary to what some TV advertisements will have consumers believe, not everyone is eligible to save “pennies on the dollar” on their back taxes. In these cases, expert tax help is still vital in preventing or halting debilitating IRS collection tactics so struggling taxpayers can preserve their finances to the greatest degree possible.
Many taxpayers in the current economic downturn are struggling to make ends meet, have lost theirs job, are
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I am very excited to share with all of you that our excellent tax relief team at Tax Resolution Services was recognized at the Inc. 500|5000 conference in Washington, DC on October 2, 2010 for our debut on Inc. magazine’s 2010 list of the 5,000 fastest-growing private companies in the country.
Our team earned the position of 1,691 on Inc’s annual list and ranked #89 in financial services, further distinguishing us as
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We’re one week into October and you know what that means? October 15th isn’t that far off. For those of you who filed for a tax extension deadline, now’s the time to get all your ducks in a row so that you’re prepared come next Friday.
As part of our dedication to educating taxpayers on their tax relief options, I’ve compiled a list of our top tax help blog posts here
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