I recently posted tax relief tips on the Big Biz Show blog. Here is a link to the blog post and I would encourage readers who missed the tax deadline to take a look.
With tax season a recent memory and many still facing difficult tax issues, the topics covered in the post focused on how to deal with these common IRS tax problems: IRS audits
Delinquent tax returns
Tax debt payment options: using
The IRS just released a video entitled Employee or Independent Contractor? that gives guidance to unsure employers interested in properly classifying their workers as either an employee or independent contractor. Improper classification can result in steep IRS penalties for both employer and worker with many business owners getting into trouble simply because they donât know the difference. Understanding this distinction can help a business owner avoid an IRS audit.
The IRS
Question: I owe a lot in back taxes to the Internal Revenue Service. Iâm not sure how Iâll ever get paid up. Plus, itâs been several years, and I think itâs too late for any of the programs youâve discussed. What can I do? Answer: First of all, itâs not too late. Actually, itâs never too late. If you owe money to the Internal Revenue Service, you have many options
Countdown to tax day: 0 – Today is Tax Day!
If you owe money to the IRS, and are short on cash, you have options. Yesterday, Fox Business cited a creditcards.com article Pros and Cons of Paying Taxes with a Credit Card in which I made a contribution regarding tax debt financing. In a previous blog post about this topic, I compared the costs of using a credit card versus the
In the homestretch – less than a week until Tax Day! During my recent appearance to the Midday Sunday Fox 11 with host Tony Valdez show, Tony and I discussed tax resolution and the burgeoning industry it has become. Highlights from the interview could prove helpful for those who may have back tax issues but be too overwhelmed to get help to resolve their tax burden. These answers should
Countdown to tax day: 8 days
The IRSÂ Newsroom released a bulletin outlining payment options for struggling taxpayers looking for IRS debt relief and who may be having trouble paying and filing their tax returns before the April 17 deadline. Â In a recent creditcards.com article entitled Pros and Cons of Paying the IRS with a Credit Card, I weighed in on the credit card payment method. Below are some key points to
While taxpayers are allowed to represent themselves before the IRS, it doesnât mean they should. There are instances where hiring a tax resolution expert such as a tax attorney or certified tax resolution specialist is highly recommended especially if your personal or businesstax problems are too large, complicated and risky to handle on you own.
For example cases that involve IRS audit, IRS criminal prosecution, payroll/corporate tax issues and IRS
We help clients solve tax problems every day at Tax Resolution Services! We wanted to share this question from a tax client (and our answer) because it is a situation that many people may find themselves in: Question: Iâve really screwed up. Before the recession, I followed some bad tax advice, and now I owe quite a bit of money in back taxes. And thatâs not all. The economy has
A recent IRS announcement plans to expand the âFresh Start Initiativeâ to help unemployed taxpayers, unable to pay their taxes, avoid IRS penalties and make IRS Installment Agreements available to more taxpayers than before. Below is how the program aims to assist struggling taxpayers find tax relief: Penalty Relief
IRS penalty relief will be available to two categories of taxpayers who will be subject to eligibility criteria and income limits: Wage earners
With the economy still sputtering, many tax stressed people teetering on the edge of IRS bankruptcy enter our offices wanting to know if their IRS tax debt could be wiped away with bankruptcy protection. While in some cases back taxes can be discharged (personal income tax), in mostcases, they cannot. However,the good news is that taxpayers in this situation have options. Here are the five simple tax relief options
Michael Reiss, New Jersey doctor, professor and medical researcher, was sentenced on January 11, 2012 for failing to report his offshore (UBS) bank accounts. According to the IRS, Reiss was sentenced to eight months in a community confinement center for failing to file Reports of Foreign Bank and Financial Accounts (FBAR) with the IRS. Reiss pleaded guilty in August 2011 and agreed to pay back taxes of at least $400,000
Michael Reiss, New Jersey doctor, professor and medical researcher, was sentenced on January 11, 2012 for failing to report his offshore (UBS) bank accounts. According to the IRS, Reiss was sentenced to eight months in a community confinement center for failing to file Reports of Foreign Bank and Financial Accounts (FBAR) with the IRS. Reiss pleaded guilty in August 2011 and agreed to pay back taxes of at least $400,000
An article in Bloomberg entitled IRS Called Easy on Criminal Tax Evaders in Watchdogâs Critique outlines Nina Olson of the National Taxpayer Advocateâs concerns that intentional tax evaders get more IRS help than those who werenât 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
Most of this blog and my site focus on me being some kind of tax hero. But, I have to be honest.I have the best team anyone could hope for at Tax Defense Network and they are hugely instrumental in helping me successfully close more than 400 IRS cases a month. Helping me in the lead is my senior tax attorney and enrolled agent, Ronnie Hicks. He has a Masters in Taxation and Juris Doctorate. He is a member of both the South Carolina and Florida Bars. He also has been spotlighted as the hardest working tax attorney in the pro bono division for low-income taxpayers withThree Rivers Legal services. I can rely on him to personally handle our largest cases and help me supervise the other tax debt professionals on my team. In addition to all of this he teachesenrolled agentclasses, which gives my team the edge over most attorneys out there.
A lot of our competitors are lucky if they have anyone with real tax knowledge on their team. I have a power-house of tax knowledge helping my team of tax debt professionals at Tax Defense Network! This is why we have an A rating with the Better Business Bureau! This is why we’re in the best in the business!
Check out Ronnie Hicks in these local news interviews helping taxpayers during crunch time!
If you need help from the VERY best in the tax resolution industry, contact theIRS Hitman Teamat Tax Defense Network. Call888-391-2037now or fill out the form for a free consultation on the best solution foryourtax problems!
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, thatâs right; give them thanks for the service they provide. This praise probably sounds strange to the 1-6 Americans with IRS tax problems who donât feel very thankful facing the most powerful collection agency on the planet.Â
As we always say at Tax Resolution Services âyou can run but you canât hide from the IRSâ which was reinforced in a recent Forbes article called IRS Summons? Meet John Doe. The article shed some light on the âotherâ 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
Question: Iâve been struggling with IRS debt for a couple of years now. How do I know whether the Offer in Compromise or Installment Agreement is the right program for me? Answer: Ultimately youâll need to consult in person with a qualified tax professional to find out exactly whether the Offer in Compromise or Installment Agreement is right for you, but it might help if you understand each program and
On his new channel, GBTV, multi-media personality Glenn Beck gives a rousing âthumbs upâ to Tax Resolution Services as the best firm in the business to settle back tax issues. Beck, no fan of the IRS and never shy to share his opinion, concludes (in the video clip below) that we all must take care of our tax responsibilities, no matter what. Glenn Beckâs main points include: Being honorable and paying your
Question: Iâm really behind on my taxes, and now Iâm getting letters from the IRS. Iâm having trouble sleeping. I donât know how I can pay this tax debt. I also have a mortgage and my daughter starts college next year. How can you help? Answer: I know that feeling. I know what youâre thinking and why youâre worried. The reason for that is because Iâve had so many clients