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
Eva Rosenberg is known as the TaxMama®, giving out much needed tax information to those in trouble with the IRS and doing all of it with a mother’s touch.
Tomorrow, Wednesday May 9th at 12:00pm (Pacific) it’s time for me, the TaxMan to meet the TaxMama and deliver sound advice through a complimentary (that’s FREE) live webcast. The topic we’ll be focusing on is “IRS Practice: Overview of Collection Issues.”
If you
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: 1 day For those who have filed their taxes, congratulations. For those who think procrastination as a sport, I wish you well. For others who are overwhelmed, it might be time to seek tax help from a tax professional. During my recent appearance to the Midday Sunday Fox 11 with host Tony Valdez program, I offered tax tips related to tax preparation software and knowing when
Every month we choose a very special Tax Client Of The Month. Itâs our way of acknowledging good friends and saying âthanksâ 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
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
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
Every month we choose a very special Tax Client Of The Month. Itâs our way of acknowledging good friends and saying âthanksâ to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This monthâs 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
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
If you have unfiled and delinquent tax returns, youâre probably dreading this tax season; owing back taxes to the IRS is a big burden. Doing nothing to resolve them, however only makes matters worse and more expensive. Even if the IRS isnât currently knocking on your doorto remind you of your tax debt, you are not out of the woods and will need to devise a plan for
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:
Payroll Tax Problem Question: Our business has done well financially until a year ago when some of our best customers got behind on their payments to us; the crushing blow came when one closed its doors before we could to collect. We are still behind and the loss in income has weakened our business finances so much, we cannot afford to make the payroll tax payments. Iâm really worried about
Every month we choose a very special Tax Client Of The Month. Itâs our way of acknowledging good friends and saying âthanksâ to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This monthâs 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
Every month Tax Resolution Services chooses a very special Tax Client Of The Month. Itâs our way of acknowledging good friends and saying âthanksâ to those who support Tax Resolution Services with referrals, word of mouth and repeat business.
This monthâs 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
Question: Iâve likely waited way too long, but now that weâre into 2012, I really want to get a handle on my tax debt. In fact, I want to eliminate my tax debt. What advice do you have for me? Answer: The first thing you should do â and you should do this immediately â is visit a qualified tax professional. He or she will discuss with you your current
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!
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
