Let’s recap recent IRS tax relief stories that made news headlines:
The IRS Offer in Compromise Program can help taxpayers get their financial footing back
Our post this week highlighted the fact that many Americans are struggling to pay their bills much less their tax debt. However, no matter bleak the tax situation, taxpayers need to know they have options beginning with consulting a qualified tax professional. Our tax expert analyzes previous returns and current financial status to determine the exact tax debt due. Based on this information, they will access if you are a good candidate for the Offer in Compromise Program to eliminate your tax debt with an IRS settlement often equating to a significant discount! Note: Taxpayers must qualify for the Offer in Compromise and not all requests are granted. However, even if you do not qualify, there still are other tax relief options available for you.
Several cases involving tax evasion made news headlines this week demonstrating a willingness from some taxpayers to take a risk and attempt to cheat the IRS. This week’s stories included:
- After pleading guilty to willful failure to pay withheld federal income taxes, Michael R. Tucker, 46, of Canton, Ohio, was sentenced to 15 months in prison.
- A New Jersey lawyer Lee Gottesman, 56, of Toms River, N.J., was indicted on four counts of personal income tax evasion and 15 counts of willful failure to pay payroll taxes. Gottesman’s charges include:
- evading federal income taxes
- failure to pay payroll taxes for his law firm employee from 2006 through 2009.
From Twitter: FL Man Arrested for Evading Taxes on More Than $1.4 Million in Income. Article via LoanSafe.org http://bit.ly/PtIDAX
A former IRS inspector/tax preparer, Robert Martinez, of San Diego is the subject of a recent bizarre tax fraud case and is facing criminal prosecution for his involvement in money laundering, identity theft, filing false returns and attempted murder ; he tried to “silence” his ex-clients who were set to testify against him in a major tax fraud case. This case shows extreme abuses by a trusted tax professional against his clients and shows how easy financial confidence can be betrayed if taxpayers do not know their credentials.
Certified Tax Resolution Specialists at Tax Resolution Services Recognized
Our Tax Resolution Specialists back ups their title with credentials – certifications! All tax resolution experts at Tax Resolution Services, Co., are required to meet the educational, experience, and examination requirements prescribed by the American Society of Tax Problem Solvers (ASTPS) giving them the Certified Tax Resolution Specialist (CTRS) designation. This extra layer of expertise and legitimacy goes a long way to helping taxpayers find the best tax relief options to settle their case. We announced our newest employee tax resolution specialist certifications this week on the blog. Read the full post here.
Enjoy Your Weekend and the last days of summer!
More Tax Help, IRS News and Tax Relief Tips:
- IRS Offers Tax Help Tips-Worker Classification
- New Changes to Offer in Compromise – More Flexibility
- IRS Helps Unemployed Avoid Penalties
- Tax Relief Weekly News Round-Up
- New Offer in Compromise Policies Bring Tax Relief