Tax Relief-Bankruptcy and Tax Debt

Wednesday, May 16th, 2012

With the recession in its fourth year, financially distressed consumers are turning to bankruptcy as a means to wipe their financial slate clean including getting rid of their tax debt. However, what many do not realize is that not all tax issues are discharged in bankruptcy. A Bloomberg BusinessWeek article entitled Court says farmers must pay bankruptcy tax reported on a recent Supreme Court ruling that firmly stipulated there be

Related posts:

  1. IRS Bankruptcy-Five Tax Relief Options for Back Taxes
  2. Tax Resolution Services Offers Returning Veterans Free Tax Advice
  3. IRS Offers Tax Help Tips-Worker Classification

To Avoid Tax Issues-Americans Give Up Passports

Tuesday, May 15th, 2012

There is little doubt that wealthy Americans are under scrutiny for tax collection. Nowhere is this more obvious than for those who have offshore bank accounts. More U.S. citizens living abroad are deciding to renounce their U.S. citizenship instead of facing IRS tax problems concerning new U.S. tax regulations namely the Foreign Account Tax Compliance Act (FATCA) aimed at curbing tax evasion.
The subject of renouncing citizenship made front page headlines

Related posts:

  1. IRS Help for Americans with Foreign Income
  2. FATCA-No Tax Relief for Americans Living Abroad
  3. Swiss Pressured to Reveal All Offshore Accounts

Tax Help Tips-Amending Your Tax Return

Thursday, May 10th, 2012

If you recently discovered errors on your recent tax return, you don’t have to wait another year, just amend it. I just read two separate (but related) articles on how common it is to find errors after filing that address how taxpayers can amend their returns.  Combined tips inspired by articles from the Orange County Register’s How to Fix Your Messed-Up Tax Return and Wall Street Journal’s How to Amend

Related posts:

  1. IRS Bankruptcy-Five Tax Relief Options for Back Taxes
  2. IRS Offers Tax Help Tips-Worker Classification
  3. Finding Tax Help for IRS Tax Debt

IRS Payroll Tax Problems Claim Alabama Town

Tuesday, May 8th, 2012

Small business is no stranger to payroll tax problems, but when a city becomes a victim, it makes headlines. An article from WTOK.com Channel 11 entitled IRS Says York Failed to Make Payroll Tax Payments reported that a representative from the Internal Revenue Service traveled to York, Alabama to meet with city officials to discuss their specific tax issue: unpaid payroll taxes.
It appears that the city administrator, Tim Sweezey and

Related posts:

  1. IRS Bankruptcy-Five Tax Relief Options for Back Taxes
  2. Finding Tax Help for IRS Tax Debt
  3. Five Tips to Resolving Payroll Tax Problems

Tax Man Gives Tax Relief Tips on Big Biz Show Blog

Thursday, May 3rd, 2012

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

Related posts:

  1. Michael Rozbruch Interviewed in Opportunist Magazine
  2. Finding Tax Help for IRS Tax Debt
  3. Talking Tax Resolution with Fox 11 Tony Valdez

IRS Offers Tax Help Tips-Worker Classification

Saturday, April 28th, 2012

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 don’t know the difference. Understanding this distinction can help a business owner avoid an IRS audit.
The IRS

Related posts:

  1. Talking Tax Resolution with Fox 11 Tony Valdez
  2. Michael Rozbruch Interviewed in Opportunist Magazine
  3. Finding Tax Help for IRS Tax Debt

Paying Off Tax Debt: Advice from a Tax Professional

Friday, April 27th, 2012

Question: I owe a lot in back taxes to the Internal Revenue Service. I’m not sure how I’ll ever get paid up. Plus, it’s been several years, and I think it’s too late for any of the programs you’ve discussed. What can I do? Answer: First of all, it’s not too late. Actually, it’s never too late. If you owe money to the Internal Revenue Service, you have many options

Related posts:

  1. If You Owe the IRS Back Taxes, There Are Tax Relief Options Available
  2. Owe IRS Back Taxes? The Offer in Compromise or Installment Agreement are Options for Tax Relief
  3. Ask the Tax Resolution Expert: The IRS Offer in Compromise or Installment Agreement Programs May Be Your Tax Debt Solution

Back Tax Help-How Long to Keep IRS Records

Thursday, April 26th, 2012

Like clockwork, about a week or two after the April 17 tax deadline, I begin fielding taxpayer questions regarding what tax documents to keep and for how long.  A recent article in Forbes by Tax Girl Kelly Phillips Erb entitled How Long Should You Keep Records after Tax Day? provided good guidelines on the subject.
Here are seven basic recommendations for keeping tax documents both individuals and small businesses can follow:
In

Related posts:

  1. Finding Tax Help for IRS Tax Debt
  2. Michael Rozbruch Interviewed in Opportunist Magazine
  3. Request the Certified Tax Specialist – Small Business Back Taxes

Tax Expert Discusses Tax Debt Payment Options

Wednesday, April 18th, 2012

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

Related posts:

  1. Finding Tax Help for IRS Tax Debt
  2. Three IRS Options to Pay Tax Debt
  3. Michael Rozbruch Interviewed in Opportunist Magazine

Tax Expert Gives Tax Filing Info on Fox News

Wednesday, April 18th, 2012

As tax day April 17 is coming to a close, some may be wondering if they should file or even if they need to. During my recent interview on Midday Sunday Fox 11 with host Tony Valdez program, Tony inquired about how people don’t file their taxes and become tax delinquent. I explained that at Tax Resolution Services, Co., we work with a lot of non-filers with the average client

Related posts:

  1. Ask the Certified Tax Specialist – Small Business Back Taxes
  2. Finding Tax Help for IRS Tax Debt
  3. Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them

Tax Relief Weekly News Round Up

Saturday, April 14th, 2012

In the homestretch – 4 days until Tax Day!
Happy Friday! Here’s the tax help news round up heading into Tax Day Tuesday April, 17.
Tax relief tips were the dominant theme and meant to provide tax help for last minute taxpayers who are filing or possibly avoiding their tax obligation. Here are the highlights of the week’s news: The IRS Newsroom released a bulletin with payment options designed for struggling taxpayers having trouble

Related posts:

  1. Solicit the Certified Tax Specialist – Small Business Back Taxes
  2. Michael Rozbruch Interviewed in Opportunist Magazine
  3. Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them

Talking Tax Resolution with Fox 11 Tony Valdez

Friday, April 13th, 2012

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

Related posts:

  1. Michael Rozbruch Interviewed in Opportunist Magazine
  2. Ask the Certified Tax Specialist – Small Business Back Taxes
  3. Finding Tax Help for IRS Tax Debt

Three IRS Options to Pay Tax Debt

Tuesday, April 10th, 2012

Countdown to tax day: 8 days
The IRS 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.  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

Related posts:

  1. Solicit the Certified Tax Specialist – Small Business Back Taxes
  2. Finding Tax Help for IRS Tax Debt
  3. IRS Bankruptcy-Five Tax Relief Options for Back Taxes

Senate Confirms Keneally to Fight Tax Crime

Sunday, April 8th, 2012

The Obama Administration is continuing aggressive efforts to stamp out tax crime by appointing the right people with the right experience to get the job done. A recent Bloomberg article entitled, Keneally Confirmed to Lead Justice Department Tax Division announced Senate confirmation of Kathryn Keneally as the assistant attorney general of the Justice Department’s tax division. She is expected to continue the crackdown of tax crimes such as identity theft

Related posts:

  1. Offshore Tax Evaders Get Preferred IRS Help
  2. Swiss Bank Wegelin Avoids Court Appearance
  3. Offshore Banking-Swiss Tax Evasion Advisors Indicted

Tax Help Tip-Avoid the Delinquent Tax Return Trap

Sunday, April 8th, 2012

Countdown to tax day: 13 days
A few weeks ago, I had the pleasure of sharing tax relief tips on Midday Sunday Fox 11 with host Tony Valdez. A topic we covered was unfiled or delinquent tax returns. We deal with a lot of non-filers at our firm; the average client has between four to eleven years of unfiled tax returns and while almost all are good people, they usually have

Related posts:

  1. Solicit the Certified Tax Specialist – Small Business Back Taxes
  2. Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them
  3. Michael Rozbruch Interviewed in Opportunist Magazine

Nicolas Cage Pays $6 Million-Tax Lien Released

Saturday, April 7th, 2012

In a blog post last May, I wrote about the tax lien filed against actor Nicolas Cage who owed $624,934.64 in unpaid taxes on large gifts he gave totaling $1.8 million which he is obligated to pay 35% the total value.
Fast forward to this year, a recent article by ABC News reports that Cage appears to be chipping away at his huge tax bill and has had his tax lien

Related posts:

  1. Family of Hip Hop Label Sings IRS Blues
  2. IRS Bankruptcy-Five Tax Relief Options for Back Taxes
  3. Tax Resolution Expert-Five Reasons to Hire One

IRS Help for Americans with Foreign Income

Wednesday, April 4th, 2012

Tax day Countdown: 15 days left until April 17. With only two weeks left, I want to encourage taxpayers to start the year off right and resolve any back tax issues they may be facing. It is doubly important if those issues include unreported foreign income and offshore accounts. A recent March IRS bulletin entitled IRS Offers Tax Tips for Taxpayers with Foreign Income reminds us that U.S. citizens and

Related posts:

  1. Treasury Proposes Multilateral Agreement for Offshore Compliance
  2. Offshore Tax Evaders Get Preferred IRS Help
  3. Swiss Pressured to Reveal All Offshore Accounts

5 Things You Need to Know About Business Tax Relief

Sunday, April 1st, 2012

It’s no secret the IRS is cracking down on small businesses with unpaid payroll taxes and past due employment taxes. If you are in need of business tax relief, here are 5 things you need to know:
#1: Understand the gravity of your situation. The IRS views unpaid payroll taxes and unpaid employment taxes as theft, and they carry severe consequences. Aside from penalties (33% plus interest at 16

No related posts.

Family of Hip Hop Label Sings IRS Blues

Saturday, March 31st, 2012

Once again, we have celebrities in the news facing tough IRS problems.  The most recent failure to file tax case involves the sons of the late Sylvia and Joe Robinson who in the late 70’s formed the Sugar Hill Records label and created hip-hop’s first commercial hit, the Sugar Hill Gang’s “Rapper’s Delight.” According to an NJ.com article entitled From ‘Rapper’s Delight’ to tariff-collector fight: sons of hip-hop pioneers face

Related posts:

  1. Solicit the Certified Tax Specialist – Small Business Back Taxes
  2. Finding Tax Help for IRS Tax Debt
  3. Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them

Tax Fraud Enforcement-IRS Suggests Local Police

Thursday, March 29th, 2012

The Obama Administration and the Department of Treasury are continuing their aggressive efforts to catch tax evaders.  One strategy they are considering is a collaboration between the IRS and local law enforcement agencies to help catch people committing tax fraud, tax evasion and identity theft crimes.  Canada Free Press journalist Jim Kouri wrote an article entitled IRS may draft cops to catch tax cheats, official tells Senate to report on

Related posts:

  1. Swiss Bank Wegelin Avoids Court Appearance
  2. Offshore Tax Evaders Get Preferred IRS Help
  3. Treasury Proposes Multilateral Agreement for Offshore Compliance