Posts Tagged ‘tax trouble’

No Innocent Spouse Tax Relief for Couple Who Face Five Years in Prison for Tax Evasion

Friday, December 4th, 2009

The IRS offers Innnocent Spouse Tax Relief for people who find themselves in tax trouble due to the actions of their spouse or ex-spouse.   The IRS has set Innocent Spouse Guidelines to determine if a spouse will be held jointly responsible for the tax crime.  If you find yourself in an unpleasant tax situation where you believe that you may qualify for the IRS Innocent Spouse Tax Relief, do the following:  review
[Read More]

Offer in Compromise Program or an IRS Payment Plan? Get Your Tax Debt Questions Answered Here!

Monday, November 23rd, 2009

Got IRS back taxes?  There is no better time to find tax relief! Tax Resolution Services will assist you in resolving your tax debt.  Got a tax question?  Tax Resolution Services will answer your tax question. Call us at 1-866-IRS-PROBLEMS or visit www.taxresolution.com
Tax problems and overwhelming tax debt is not uncommon.  There are tax relief options to help with tax debt, two of which are outlined below: the IRS Offer
[Read More]

Celebrity Tax Evasion: Actor Nicholas Cage Owes $6 Million in Federal Back Taxes

Friday, October 9th, 2009

I just read that Nicholas Cage owes a whopping $6 million in unpaid back taxes. And this isn’t the first time the actor has gotten in tax trouble.
The New York Post Reports:
A notice of a federal tax lien shows that the “National Treasure” actor made a serious dent in the national debt — allegedly stiffing the Internal Revenue Service out of $6.25 million he owed in income tax from 2007,
[Read More]

Oregon Man Charged with Tax Evasion and Enters Plea Agreement with IRS

Thursday, August 20th, 2009

Javid David Azari, 60, of Portland, Ore., pleaded guilty to one count of tax evasion. As part of the plea agreement, Azari agreed to cooperate with the United States regarding the whereabouts of all assets related to income tax evasion.
According to the plea, Azari knew he had unpaid federal income taxes for the years 1997 to 1999, and he attempted to evade payment of those taxes by transferring money out
[Read More]

Evading Taxes on Your Tax Return - The Money You Save is Not Worth the IRS Problems You End Up Causing Yourself

Tuesday, June 30th, 2009

In economic times when people are strapped for cash, it is tempting to cut corners when filing taxes in order to save some of your disposable income. After all, small tax savings from many different areas can add up to a substantial amount of money. However, no matter how tempting tax evasion may seem - whether it is small or large in sum - it is a terrible financial strategy
[Read More]

New Tax Laws Can Cause Tax Trouble for Innocent Taxpayers - How to Avoid and Resolve Problems with the IRS

Wednesday, June 24th, 2009

President Obama has been working hard to ensure that American taxpayers are held more financially accountable. I recently blogged about how new tax enforcement regulations have been put in place in order to make it more difficult for business owners and wealthy people who put their assets overseas to escape taxes. In my recent interview with Mike Jaxson on KSVP, I discussed with him some important new changes to tax
[Read More]

Livestock Sales Mean Tax Trouble in Nebraska

Thursday, January 29th, 2009

Melvin Buckley, 77, of Gothenburg, Neb., was fined $30,000 and sentenced to five years of probation for filing a false income tax return for the year 2001. Buckley was charged with filing a false income tax return for 2001 by reporting sales of livestock from his ranch business which he reported to be $191,441 when, in fact, the sales were determined to be approximately $393,142.

IRS Question Corner … Offer in Compromise or Installment Agreement?

Monday, December 22nd, 2008

Question: Like a lot of people these days, I have tax troubles. I hear you talk a lot about the Offer in Compromise and the Installment Agreement. How do I know which one is best for me and why?
Answer:  The truth is, it’s impossible to answer that question without going over in detail your current financial situation. For that reason, the first thing you should do is consult a qualified
[Read More]