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

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Tax Evasion by Telecom Executive: Guilty!

Tuesday, April 17th, 2012

The controller and operator of a New York telecommunications business admitted to filing false personal federal income tax returns.
Steven Imburgio, 50, of Holmdel, N.J., pleaded guilty to one count of making and subscribing to a 2004 federal income tax return to the IRS that he did not believe to be true.
According to court records, Imburgio admitted he controlled and operated Americom USA, a telecommunications business in New York, and that

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IRS Offer in Compromise Program Settles Tax Debt for Tax Client

Saturday, April 14th, 2012

Every month we choose 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.
April’s Tax Client Of The Month is Mr. Ye I. Mr. Ye I owed the IRS $40K in back taxes when he sought help from our group of qualified tax professionals.  After several months

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Celebrity Tax Woes: Singer Robin Thicke, Actress Paula Patton Working to Pay IRS Debt

Friday, April 13th, 2012

R&B singer Robin Thicke and his wife, actress Paula Patton, owe the Internal Revenue Service $492,583.49 for failing to pay income taxes two years in a row.
In addition to his own music, Thicke has written songs for Jennifer Hudson, Usher and Mary J. Blige. Patton has starred in a number of movies, including Idlewild, Swing Vote, Precious and Mission: Impossible — Ghost Protocol.
A representative for Thicke and Patton said the

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Filing Fraudulent Income Tax Return: Mississippi Man Pleads Guilty

Sunday, April 1st, 2012

Thelbert Lamont Lesure, 40, of Holly Springs, Miss., pleaded guilty to count one of knowingly preparing and transmitting a fraudulent tax return to the IRS. Lesure was released on a pre-existing bond pending sentencing, which will take place following the completion of a presentencereport. At sentencing, he faces up to five years in prison and a fine of up to $250,000. No related posts. No related posts.

Friday’s Funny! Tax Comic from Tax Resolution Services

Saturday, March 31st, 2012

Enjoy a bit of tax humor on your Friday afternoon! Related posts:IRS Tax Humor from Tax Resolution Services – A Tax Negotiation and Mediation Firm
Tax Humor from Tax Resolution Services
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Income Tax Evasion by Nevada Businessman– Pleads Guilty!

Friday, March 30th, 2012

A man who operated a nightclub in Carson City, Nev., and two Laundromats in Reno, Nev., has pleaded guilty to tax evasion.
According to the plea agreement, from 2005 to 2007, Bradley H. Herndon, 54, operated three restaurants and two Duds and Suds Laundromats in Reno, as well as theClub JB nightclub in Carson City. Herndon was responsible for many of the daily business activities, including maintaining, collecting and reporting

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Eight Counts of Tax Evasion by Michigan Man; Facing Lengthy Prison Sentence

Tuesday, March 27th, 2012

Following a three-day trial and two hours of jury deliberation, a Michigan man faces a possible lengthy prison sentence after being convicted of eight counts of tax evasion.
According to evidence presented at trial, during the 2001 through 2008 tax years, George Balcewicz, III, 44,of Lapeer, Mich., earned taxable wages totaling more than $569,000 through his employment as an electrician.
In attempting to evade his taxes, Balcewicz provided his employers with

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Large Tax Bill and No Money: How Can I Pay My Tax Debt?

Friday, March 23rd, 2012

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: I’ve 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 that’s not all. The economy has

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Offer in Compromise Program Saves Tax Client $90,000

Monday, March 19th, 2012

Every month we choose 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 Tax Client Of The Month is Mr. George N.
Mr. George N. owed the IRS over $92K in back taxes when he sought help.  After several months of negotiations, we were able to

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Tax Fraud by Former IRS Agent: Found Guilty!

Thursday, March 15th, 2012

Following a three-day trial, a former IRS supervisor was convicted of tax fraud in Worcester, Mass.
Michael Doyle, 44, of Hudson, N.H., was convicted for falsely claiming that he was eligible for a first-time homebuyer tax credit. Doyle, a 20-year employee of the IRS, was ineligiblefor the tax credit because he had purchased his home in 2007, before the credit went into effect in April 2008. The jury determined that

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Back Taxes Owed by Singer Sean Kingston

Tuesday, March 13th, 2012

Singer Sean Kingston, whose real name is Kisean Anderson, owes $131,379.51 to the Internal Revenue Service in back taxes.
The amount, which was first disclosed by the celebrity news outlet TMZ, was listed on a tax lien filed against one of Kingston’s properties. And it isn’t the first time the IRS has pursued the singer for the taxes. Federal tax agents warned the singer: “We have made a demand for payment.”
Kingston,

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IRS Offer in Compromise Tax Settlement Program: What You Need to Know

Monday, February 27th, 2012

Consumers come to us every day at Tax Resolution Services with tax questions and, in fact, one of the most popular subjects is the IRS Offer in Compromise program. This program allows taxpayers to settle their tax debt for substantially less than what they owe. Before you get excited, I want to point out that the Offer in Compromise program is a privilege and not everyone will qualify for it. ———————-
Question:

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Failure to File Income Taxes Gets Kentucky Man 24 Months in Prison and $2.4 Million Fine

Sunday, February 26th, 2012

A Boone Count, Ky., man who evaded paying his federal income tax liability from 1995 to 2001 was sentenced today to 24 months in prison.
He was also ordered to pay approximately $2.4 million in restitution to the Internal Revenue Service.
From 1995 to 2001, William C. Shehan Jr., 45, failed to file federal income tax forms and diverted money that should have been paid in taxes into private business ventures and

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Tax Evasion Amounts to $241,132 by New Mexico Contractor

Thursday, February 23rd, 2012

A New Mexico state contractor was charged with five counts of tax evasion.
Shelda Sutton-Mendoza, 59, of Albuquerque, N.M., was owner and sole shareholder of NYSNC Environmental (NYSNC), an environmental cleanup and testing service established in 2000 and incorporated in October 2003. NYSNC contracted primarily with the New Mexico Environmental Department, where Sutton-Mendoza was employed in the Petroleum Storage Bureau for more than six years before leaving to establish NYSNC.
The indictment

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Weekly Tax News Round Up- IRS“dirty dozen” tax scams, TaxMan, and Opportunist Magazine.

Wednesday, February 22nd, 2012

Happy Friday everyone, time for another tax news round up as we head into the long Presidents Day weekend.
Tax scams and fraud continue to dominate the tax headlines this week. The IRS released its annual list of tax scams to avoid, and here are a few articles that go into furtherdetail on tax fraud and how you can prevent being a victim: In the Wall Street Journal’s personal-finance blog:

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Offer in Compromise Saves Tax Client of the Month Over $36,000

Wednesday, February 22nd, 2012

Every month we choose 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 Tax Client Of The Month is Mr. Alvin K. Mr. Alvin K owed the IRS over $38,000 in back taxes when he sought our help.  After several months of negotiations, we were

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Weekly Tax News Round Up: IRS Cracks Down on Tax Fraud and Scrutinizing Offshore Accounts

Saturday, February 4th, 2012

Happy Friday everyone, time for another tax news round up for the week!
The big tax news story of the week is the IRS crackdown on tax fraud. So scammers be warned, think you can steal from the IRS by filing false tax returns and identify theft? Think again:
IRS cracks down on fraud as tax return season begins
105 people were charged this week with fraud and identity theft

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Friday Tax Relief Round Up: Top IRS Stories of the Week

Saturday, January 28th, 2012

Its Friday, and that means time for my weekly tax news round up. Here’s a look at some of the IRS and tax related stories that caught my eye this week.
Lets begin with one of my favorite topics: Avoiding an IRS Audit.
Being audited by the IRS is no laughing matter and I wantto help taxpayers avoid it whenever possible. I was very happy to be quoted in How to

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Dodging Taxes by Michigan Lawyer Results in 24 Month Prison Term

Friday, January 27th, 2012

A lawyer in Port Huron, Mich., was sentenced to 24 months in prison for tax evasion.
David Douglas Black, 49, owner of Black, Black and Black law firm also was sentenced to two years of supervised release and ordered to pay a special assessment of $100.
According to court records, during the 2004 tax year, Black diverted income from his law firm by using checks made out to him, his wife or

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