Tax Resolution Services Weekly News Round-Up

Happy Friday! Just a reminder: there are just over four weeks left until Tax Day! Right now we will round-up this week’s tax relief news. The topics include: Offshore Tax Enforcement, Snoop Dog slapped with a tax lien, a massive tax fraud/shelter scheme, two TaxMan episodes featuring yours truly, and taking care of your IRS tax debt before Tax Day.

Un-Reported Offshore Bank Accounts

I wrote a post titled “Fed’s Still Coming After Offshore Account Holders” that was inspired by a Wall Street Journal article: “Offshore Tax Probe Picks Up.” The article reports on the IRS’ compliance enforcement strategy for Swiss banks both big and small. It also shows the government’s expanded search for U.S. tax cheats trying to shelter their secret offshore accounts in countries such as Israel, India, Singapore, China and beyond.

Snoop Dogg’s Huge IRS Tax Debt

It looks like Snoop Dogg needs Uncle Sam to throw him a bone. According to a government tax lien, Snoop Dogg, whose real name is Calvin Cordozar Broadus Jr., owes the IRS $546,270.29 in back taxes for tax years 2009 and 2011. TMZ reports that Snoop Dogg has had other “brushes with the IRS.” In 2008 when owed $476,000 in IRS back taxes. He paid that tax debt when it came to his attention.

Massive Tax Fraud Scheme

Former CPA and tax attorney for Jenkens and Gilchrist, Donna Guerin, 52, received an 8 year prison sentence and is forced to pay $190 million in restitution for her participation in “the largest criminal tax fraud in history.” According to an article by Accounting Today, Guerin took part in a massive 10-year scheme that created $7.3 billion in fraudulent tax deductions by using an aggressive tax shelter that shielded her firm’s uber-wealthy clients from paying their fair share of taxes. The judge in the case, U.S. District Judge William Pauley in New York, maintained that Guerin, both a CPA and a tax lawyer, violated her oaths to uphold the law by helping her clients evade taxes.

TaxMan Episodes Share the Michael Rozbruch Story

Two episodes of the national network television show, TaxMan featured my story. Part One focuses on my early life in Brooklyn and the impact my father’s business negotiation skills had on me. These skills along with my desire to fight for the client, has enabled me to help people get out from underneath their tax problems. Part Two highlights my education, professional employment history and qualifications. These experiences along with my desire to help people resolve their tax problems that I decided to hang my own shingle in a relatively small industry (fifteen years ago) and name it Tax Resolution Services, Co. (TRS).

Are You Ready for Tax Day?

This question was meant to be a reminder for those in tax debt who are worried about their financial future, there’s no time like the present to consult a certified tax professional. Here’s why:

  • Consulting a qualified tax professional can help you determine what your tax relief options are for your nagging tax problems.
  • Being proactive in taking the first step will mean you are that much closer to gaining your freedom from the debilitating tax debt that hangs over you and makes you worry.
  • Even if you haven’t fully come clean about your previous income and outstanding tax debt, you have options.

Tax Day Deadline-Does it “Make You Wanna Holler?”

This week’s Tax Tune from Marvin Gaye can help to motivate you to finish your tax preparation. Enjoy!

Keep checking in for more helpful tax tips and information as we continue our countdown until Tax Day.

Have a great weekend!

More Tax Help, IRS News and Tax Relief Tips:

  1. Tax Relief Weekly News Round Up
  2. Tax Resolution After Receiving IRS Audit
  3. Tax Resolution Blog Makes Top Personal Finance Blog List
  4. Tax Resolution Services Client Gets Holiday Tax Relief
  5. New Tax Resolution Services Customer Success Commercial

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