Major news agencies are reporting the recent IRS announcement that it was “reopening” the offshore voluntary disclosure program to encourage taxpayers to disclose their offshore accounts and becoming current with their IRS tax debt. An article written in Forbes, IRS Offers Taxpayers One More Chance, shined some light on the most likely motives for this latest IRS amnesty: money.
In a statement from the January 9th press release, IRS Chief Doug
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With holiday festivities in the past and a new tax season on the horizon, it is important to take a moment before all the preparation to give your appreciation to the IRS. Yes, that’s right; give them thanks for the service they provide. This praise probably sounds strange to the 1-6 Americans with IRS tax problems who don’t feel very thankful facing the most powerful collection agency on the planet.�
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As we always say at Tax Resolution Services “you can run but you can’t hide from the IRS” which was reinforced in a recent Forbes article called IRS Summons? Meet John Doe.  The article shed some light on the “other” way the IRS can find taxpayers suspected of tax debt through what is called the John Doe Summons.  The John Doe Summons works to gather information like:

pursuing investors in tax
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For those who owe the IRS back taxes, you will want to take note before the new tax year. There is a new tool in the IRS tax collection arsenal poised to better recover unpaid taxes, detect tax fraud schemes, and reduce the number of fraudulent refunds the agency pays out than ever before.  An Information Week article “IRS Uses Analytics to Help Collect Delinquent Taxes”, announced news of the
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In a story straight out of a Hollywood movie, the estate of the late heiress, Huguette Clark has been shrouded in controversy since her death this May at age 104. Not only has her estate been slapped with $50 million in IRS penalties, her trusted financial advisors are facing allegations of tax fraud by the office of the public administrator of New York County. Born in 1906, the youngest child
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Many Americans like preparing their taxes every year; it helps them feel in control of their finances and they don’t want to pay someone else to do it. With a tough economy still lurking and the availability of low-cost often free tax preparation software, many are inclined to cut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a
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Every year, millions of taxpayers fail to file their federal taxes by the April 18 deadline. This inaction inevitably leads to paying more in the form of unnecessary fines and penalties on top of the taxes owed. Even those folks, who filed an extension, are still responsible for filing the taxes owed plus penalties for the delay. Depending on the tax amount due, continuing to neglect to file yearly tax
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The IRS has created its own storm of controversy by going after US Citizens worldwide to collect their taxes. But from the nearly one million American citizens who live and work in Canada, the IRS received a stern message: clarify the regulations for tax compliance. Initially, many law-abiding citizens living abroad who failed to file US tax returns or declare financial holdings were simply unaware that they needed to do
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We all know that you can’t hide from the IRS; eventually they will find you. The recent effort to find off-shore tax evaders is a good example of IRS fiscal motivation but their reach is large and wide, particularly for those who no longer live within US borders. What many people may not realize is that if you are a US citizen but live and work outside US borders, the
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More people owe IRS back taxes today than ever before due to the economic conditions facing the country.  This long extended recession has resulted in millions losing their jobs and being unable to find suitable employment to generate a paycheck. To make up for this, many families are using their savings and 401k accounts to live on and incurring penalties as a result.
With poor economic conditions persisting for so long
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“When Bad Things Happen to Good People” is an appropriate title for the recent episode of Business Day TV with Terry Bradshaw featuring an interview with the leaders of Tax Resolution Services, Co.

This special episode acknowledges the poor economic realities currently facing many Americans, some for the first time and often through no fault of their own. Negative life altering events such as job loss, death of a loved one
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For anyone with outstanding tax debt, I wanted to provide additional information to the IRS’s advisory list of Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt newsletter published a few weeks ago. The IRS’ objectives on this subject are simple; collect every cent of taxes owed as soon as possible. In order to achieve this, the IRS has made the payment process easy by widely
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The IRS newsletter Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt published a few weeks back, alerted Americans seeking tax debt relief there are ten options available to pay off their outstanding tax debt. These new IRS programs and policies are an effort to get delinquent taxpayers to avoid additional fines penalties or tax liens by making easy payment methods available such as a
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There are a myriad of reasons why people have tax issues.  In my decade plus of expertise in guiding people to resolve theirs, I’ve just about seen them all. Our tax mediation firm specializes in working with the IRS to secure the best deal for clients seeking relief for their tax problems. Years of practice in careful listening and observing combined with a brazen approach and natural proclivity
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Michael Jackson’s former manager is facing some major IRS tax problems. Raymone Bain was charged on two counts of failure to file tax returns from 2006 – 2008 despite large earnings from working for the star as his general manager and spokeswoman during that period.
Bain pleaded guilty on Wednesday, June 22 for failing to file both federal and District of Colombia returns.  She is scheduled for sentencing on August 13,
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