Internet Tax Lawyers

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

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In case you haven’t noticed, the IRS is doing quite well collecting taxes from wealthy Americans. An article in the LA Times by Tiffany Hsu titled IRS collected $2.4 trillion in taxes, audited more multimillionaires demonstrates how IRS audits of millionaires has helped to contribute to the first revenue increases the IRS has seen since 2008.
From October 2010 through September 2011, the IRS collected $2.4 trillion in taxes from 234

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As April 17th draws near, it’s important that taxpayers have information to prevent any IRS tax issues from occurring to them. In a previous blog post called IRS Warns of Dirty Dozen Tax Scams, I highlighted in detail the top four most common tax scams circulating throughout the tax system so that our readers would not fall victim to “IRS deals” and false promises that could ultimately hurt their

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While taxpayers are allowed to represent themselves before the IRS, it doesn’t 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

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Tax preparers and non-profit group The Institute for Justice have banded together over their dislike of recent tax preparer regulations to sue the IRS sighting its powers as overreaching and unlawful. An Accounting Today article entitled Tax Preparers Sue IRS over New Requirements sheds some light on this issue by highlighting the plaintiff’s objectives not to seek damages, but rather an injunction against enforcement of new regulations.
The plaintiff’s in this

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On a recent episode of the TaxMan on the Big Biz Show, I discussed the topic of the “tax gap” that many self-employed and small business people out there should become aware of as they prepare their tax returns for the April 16 deadline. Since many are unfamiliar with thesubject matter, listed are the four key questions and answers every individual and small business personal should know about the

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A recent IRS announcement plans to expand the “Fresh Start Initiative” 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

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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

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No matter how you look at it, living in a civilized society means you are obliged to file your taxes; if you owe, you pay. While many could argue the usual tax talking points such as fairness and tax rates, most of us would agree that taxes collected generate revenue to help fuel the economy. Yet there are people who believe that paying taxes is wrong, immoral and in some

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I was recently quoted in an article for CreditCards.com entitled Pros and Cons of Paying the IRS with a Credit Card where I encourage taxpayers to compare the costs of using their credit cards to pay their taxes versus a negotiated IRS installment agreement if they don’t havethe case on hand. I enjoy lending my expertise to this conversation because all too often, I see very smart people rush

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No doubt about it, the IRS is making headway in their efforts to bring Americans with unreported offshore accounts into tax compliance with the Foreign Account Tax Compliance Act (FATCA) and (FBAR) regulations. IRS enforcement and data sharing from European banks, has made it possible for the U.S. to gather account information on wealthy American clients; something just three years ago was impossible.
But an article in Forbes entitled Expats Lobby

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If you have unfiled and delinquent tax returns, you’re 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 isn’t 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

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The Chicago politician currently on the hot seat is Cook County Commissioner and former South Side alderman William Beavers. Beavers is facing indictment on tax fraud charges for keeping campaign funds and a county stipend without paying federal taxes on them. A Chicago Tribune article entitled William Beavers Indicted on Tax Fraud Charges reported on just how far Beavers is willing to go to protect his name and perceived political

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A major focus of the Obama Administration has been to reduce the “tax gap” (the difference between the amount of taxes reported and what the government actually collects). Nowhere has this become more obvious than with the President’s 2013 budget solicit.  A recentarticle in OMB Watch entitled Obama Proposes Exempting IRS from Budget Caps, reports on the Administration’s solicit to have some IRS enforcement spending be “excluded” from budget

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I recently noticed several news agencies reporting on how the IRS refund delay is angering taxpayers who filed their tax returns early and electronically expecting to receive their refund within 15 days and are still waiting. According to an article in Accounting Today, entitled IRSExperiences Further Tax Refund Delay Problems many early filers obtained a notice of acknowledgement the IRS received their return. But later when they checked the

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In another chapter of Swiss Banks versus the IRS, strong pressure from both U.S. and European governments, have forced Swiss lawmakers to take a stand. Yesterday, Switzerland announced it outlined proposals for how it aims to do the following: improve its reputation as a private global banking center.
comply with the exchange of tax information that includes requiring all offshore account holders to declare their taxable assets. A Wall Street Journal article titled

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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. I’m really worried about

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An article in Smart Money Magazine entitled Your Tax-Cheating Spouse May Cost You, considered the benefits of married couples filing joint tax returns. It also discussed what you may want to consider if your spouse was not on the level with “your” previous tax returns. Filing separately from your spouse could prevent IRS problems from occurring in the first place, but in each unique situation this may not be possible.

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An MSN article titled IRS Targets Retiree Tax Cheats points to a report from The Treasury Inspector General for Tax Inspection that is critical of how the IRS processes reported retirement income. The report mentions the inspector general’s recommendations for improvements to the process that would provide tax help to the growing number of taxpayers who inadvertently under-report retirement income and end up with hefty IRS penalties and fines.
The Treasury

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Business owners preparing for tax day, take note. A Reuters article entitled IRS Clarifies 1099-K Reporting for 2011 Taxes reported recent IRS clarification for how to report the new 1099-K forms on your 2011 tax returns.  The Housing Assistance Tax Act of 2008 created the Form 1099-K to help the IRS keep better track of electronic payments.  Because most business entities obtain payments electronically, it’s more important than ever they

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