Misinformation on Income Tax Gets Connecticut Man Probation

Tuesday, January 31st, 2012

A businessman in Naugatuck, Conn., was sentenced to two years of probation for underpaying his federal income taxes.
According to court records, Augustine C. Ofili, 54, was the owner of Augustine Insurance Agency in Bridgeport.  From 2004 to 2007, Ofili underreported on his federal income tax returns the insurance commission income he acquired from his insurance business.  Ofili also failed to report capital gains from the sale of real estate in

No related posts.

Tax Relief for Parents

Saturday, January 28th, 2012

Parents of children and those with dependents should keep in mind the tax relief benefits and deductions available to them this tax season. The IRS has issued a brief reminder to all parents to keep these tax relief tips in mind as they file their 2011 taxes: Dependents: You can start claiming a child as a dependent the year they are born, so if you gave birth to little bundle in

Related posts:

  1. Tax Relief Deductions Due to Inflation for 2012
  2. Tax Help: How to Resolve Your Back Taxes & Prevent Tax Problems If You’re Short onCash This Season
  3. Tax Resolution Scams on the Rise: How to Avoid Tax Settlement and IRS Debt Relief Scams

Offshore Tax Evaders Get Preferred IRS Help

Wednesday, January 25th, 2012

An article in Bloomberg entitled IRS Called Easy on Criminal Tax Evaders in Watchdog’s Critique outlines Nina Olson of the National Taxpayer Advocate’s concerns that intentional tax evaders get more IRS help than those who weren’t intending to hide money from the U.S.government. Olson warns that future IRS collection efforts could be jeopardized due to confusion over the treatment of accidental tax evaders. The IRS sees

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage
  3. Tax Help Options For Overseas Tax Evasion as UBS Pushes For Swiss-US Deal

IRS Offer in Compromise Saves Tax Client Over $15,000

Sunday, January 22nd, 2012

Every month Tax Resolution Services chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This month’s TaxClient Of The Month is Mr. Joe F.
Mr. Joe F. owed the IRS $16,000 in back taxes when he sought help.  After several months of negotiations, we were able

Related posts:

  1. Tax Client of the Month Saves Over $35,000 From The IRS Offer in Compromise
  2. IRS Offer in Compromise Program Saves Tax Client $26,000
  3. Seek Tax Debt Help from a Tax Professional Instead of Running from the IRS

Tax Advocate Warns Taxpayers Rights at Risk

Friday, January 20th, 2012

While cutting government spending is often seen as a good thing, in the case of the IRS, it may be having the opposite effect. Forbes featured an article IRS Advocate: New Taxpayer Rights Crisis Is Brewing highlighting the release of a recent annual report to Congress by National Taxpayer Advocate, Nina E. Olson. Olson, known for being one of Washington’s most outspoken officials, states her concerns for current IRS policies

Related posts:

  1. Tax Problems Affect 1 out of 6 Americans
  2. Tax Resolution Services interviewed by Terry Bradshaw
  3. Tax Resolution Tip: Selecting the Right Tax Help Service

More Wealthy Americans Need Tax Help

Tuesday, January 17th, 2012

The IRS just released a study showing a rise of under-reporting by American taxpayers to the tune of $450 billion dollars in 2006; that’s up $105 billion from the last IRS study that was conducted in 2001.
A Forbes article called New IRS Tax Gap Report: Cheating Still Rampant shows taxpayers have an 83.1% compliance rate. That means that the 17% of American taxpayers who are under-reporting their taxes are contributing

Related posts:

  1. Your Unfiled Delinquent Tax Return Checklist: Stop the IRS Now and Avoid Steep Interest and Penalties from Accumulating
  2. Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
  3. Do You Owe Back Taxes? Are Under Audit? Don’t Hide from the IRS Anymore, Get Tax Relief Now!

Back Taxes Owed by Christie Brinkley Amount to $500,000

Friday, January 13th, 2012

Former model Christie Brinkley owes the Internal Revenue Service $531,000 in back taxes.
Brinkley, 57, owns properties in the Hamptons and is worth a reported $80 million.
“I was surprised to learn of the tax lien filing and took immediate steps to rectify this matter. I discovered the tax lien was the result of an error,” Brinkley told TMZ.
“I regret not paying more attention to my accounting, but I have been and

Related posts:

  1. Back Taxes Owed by Joe Francis of Girls Gone Wild Warrants IRS to File Tax Lien for $33 Million
  2. IRS Back Taxes Owed by Singer Toni Braxton Amount to $396,330
  3. Back Taxes of $637,0000 Owed By Actress Jaime Pressley

New IRS Program for Offshore Tax Help

Thursday, January 12th, 2012

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 OffersTaxpayers 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

Related posts:

  1. IRS Holds Taxpayers Responsible – No MatterWhat
  2. Do You OweBack Taxes? Are Under Audit? Don’t Hide from the IRS Anymore, Get Tax Relief Now!
  3. TaxDebt – 10 Tips for Those Who Owe Money to the IRS

Tax Help In the New Tax Year-Thank You IRS

Friday, January 6th, 2012

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. 

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes
  3. Tax Debt – 10 Tips for Those Who Owe Money to the IRS

Offshore Account Holders Beware of IRS Summons

Thursday, January 5th, 2012

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

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns
  3. Tax Problems Affect 1 out of 6 Americans

Tax Resolution Tip: 2012 IRS Tax Debt Detection

Tuesday, January 3rd, 2012

Happy New Year! This year, why not keep on top of your taxes? If you owe IRS back taxes, read on! The IRS has a new tool in tax collection, aimed at better recovering taxes owed from taxpayers. The IRS is now using analytics to:
–collect back taxes
–detect tax fraud schemes
–reduce the number of fraudulent refunds the agency pays out
The IRS has contracted SAS Institute for $6.25 million to use their data

Related posts:

  1. Tax Resolution Tip: Don’t Ignore the IRS
  2. IRS Relief News: What Americans With Back Taxes Need to Know About Reaching Out to the IRS for Tax Help
  3. How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns

Tax Debt Detection-The IRS and Analytics

Friday, December 30th, 2011

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 everbefore.  An Information Week article “IRS Uses Analytics to Help Collect Delinquent Taxes”, announced news of the

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. How to Prevent Tax Liens-Act Now
  3. Glenn Beck Endorses Tax Resolution Services on GBTV

Offshore Accounts and Swiss Banks– No Longer a Secret

Saturday, December 24th, 2011

This Tuesday, a deadline passed in which 11 Swiss banks were given an IRS ultimatum to hand over account information and pay billions in fines to avoid US tax evasion prosecution. However, what the banks have not divulged are the claims that they would also have to provide all correspondence of their offshore clients over the last 11 years. An online article from “US tax “ultimatum” has Swiss banks sweating”

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage
  3. UBS To Disclose Offshore Account Holders Details to IRS: Act NOW to Reduce Severe Penalties

IRS Tax Problems and the Heiress

Friday, December 23rd, 2011

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

Related posts:

  1. IRS Holds Taxpayers Responsible – No Matter What
  2. IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate
  3. Reduce Back Taxes and IRS Penalties: 7 Little Secrets the IRS Hopes You Never Learn

IRS Holds Taxpayers Responsible– No Matter What

Wednesday, December 21st, 2011

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 tocut their basic costs, and doing their own taxes is one place they believe they can save. If a taxpayer has a

Related posts:

  1. How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns
  2. Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
  3. Tax Problems Affect 1 out of 6 Americans

Celebrity Tax Woes: Washington Redskins Wide Receiver Santana Moss Owes IRS $258K

Wednesday, December 21st, 2011

Washington Redskins wide receiver Santana Moss has had an up and down week. On Sunday, Moss caught two passes for 40 yards with a touchdown in the Washington Redskins’ 23-10 win over the New York Giants. On a down note, the Detroit News reported that the elite receiver owesthe IRS $258,017 in back taxes. According the source, the IRS filed a tax lean in November against Moss’s $5.2

No related posts.

New Year’s Tax Resolution: Back Tax Tips

Saturday, December 17th, 2011

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

Related posts:

  1. IRS Tries to Ease Nerves of Americans Living Abroad
  2. IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate
  3. Glenn Beck Endorses Tax Resolution Services on GBTV

IRS Tries to Ease Nerves of Americans Living Abroad

Friday, December 16th, 2011

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 gained a stern message: clarify the regulations for tax compliance. Initially, manylaw-abiding citizens living abroad who failed to file US tax returns or declare financial holdings were simply unaware that they needed to do

Related posts:

  1. Tax Resolution Services interviewed by Terry Bradshaw
  2. Melt Your IRS Fears Away – Tax Help if You Can’t Afford to Pay Your 2008 Taxes
  3. Got back taxes? It’s Never Too Late to File a Tax Return

IRS Scrutinizes Higher Education’s Business

Wednesday, December 14th, 2011

The IRS is busy scrutinizing the hallowed halls of higher education. A recent article written by Michael McDonald of Bloomberg News, reports on IRS’ stepped up enforcement of non-profit colleges and universities across America to properly report income from all revenue streams.The American academic community is seeing first-hand the strong arm tactics of the IRS including the beloved Harvard University and the hotel it owns overlooking the Charles River.
Universities

Related posts:

  1. How to Prevent Tax Liens-Act Now
  2. Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
  3. Tax Debt – 10 Tips for Those Who Owe Money to the IRS

Recent Novels Feature Same Character: The IRS

Saturday, December 10th, 2011

I thought we’d take a literary detour from tax resolution for a moment to point out two novels written this year (just in time for the holidays) that feature a character we are all familiar with: the IRS. The novels: “Ghost Lights” by Lydia Millet and “The Pale King” by the late David Foster Wallace, feature main characters who work in or around the IRS in rote, overly analytical duties

Related posts:

  1. How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns
  2. Tax Resolution Services interviewed by Terry Bradshaw
  3. Distressed Homeowners Can Resolve Their IRS Back Taxes