Beyonce’s Father Owes $1.2 Million in IRS Back Taxes

Tuesday, May 21st, 2013

It’s pretty clear Beyonce’s former manager and father, Mathew Knowles knows a thing or two about managing a superstar. However, it appears he’s less knowledgeable about what it means to owe back taxes to Uncle Sam. According to a Source article titled: “Mo’ Money, Mo’ Problems! Mathew Knowles Owes 1.2 Mil In Taxes“, Knowles, who failed to pay his taxes during 2010 and 2011, has now received a huge tax

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Tax Relief Weekly News Round Up: Top Tax Stories

Saturday, May 18th, 2013

The stories that caught our attention this week ranged from tax evasion and fraud, to how the Offer in Compromise Program can help consumers, erasing tax debt in bankruptcy to the increase in IRS criminal investigations to the IRS under intense scrutiny. The IRS Gets Scrutinized – By far the biggest IRS story this week revolved around the IRS itself! The agency is being closely examined for unfairly targeting conservative

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IRS Question: Can I Erase Tax Debt in Bankruptcy?

Thursday, May 16th, 2013

Question: I am filing bankruptcy to get out from underneath debt brought on by some bad financial decisions. Can I discharge in bankruptcy the IRS back taxes I owe for tax years 2008 and 2009 that amount to roughly $25,000? I am struggling financially to pay off all the debt I incurred in this mess but am particularly overwhelmed with the tax debt. Do I have any chance at tax

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IRS Criminal Investigation Report Shows Increases

Tuesday, May 14th, 2013

Just last week, the IRS Criminal Investigation (CI) released its Annual Report for 2012 showing strong increases in enforcement actions and IRS penalties imposed on convicted tax criminals for the year ending Sept. 30, 2012. According to the IRS bulletin announcing the report’s release, the criminal investigation division investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a manner to foster confidence in the

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IRS Prepared Tax Returns: Are They a Good Idea?

Friday, May 10th, 2013

Recently, I have been asked for my thoughts on the IRS’ proposal to pre-filled tax returns. Under a proposed system, the IRS would pre-fill taxpayers’ returns with the data employers and financial institutions have already reported. I came across a Forbes article titled: “Are IRS Prepared Tax Returns the Solution to our Tax Woes?“ that presented a decent overview of what such a system would mean for taxpayers, tax preparers and

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Singer Lauryn Hill Gets Three Months In Jail for Tax Evasion

Wednesday, May 8th, 2013

Apparently, Lauryn Hill’s “Miseducation” may relate to how badly she handled her IRS tax problems. According to Accounting Today’s article titled: Fugees Singer Lauryn Hill Sentenced to Prison for Tax Evasion, Hill was sentenced Monday to three months in prison plus three months home confinement for failing to file tax returns for five years and not reporting more than $2.3 million in income. The article explains the terms of her

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Tax Relief Tips for How Long to Keep IRS Records

Tuesday, May 7th, 2013

Every year after the tax day, clients inquire as to what tax documents they need to keep and for how long. Last tax season I wrote a blog post on the subject, inspired by a Forbes article by Tax Girl, Kelly Phillips Erb titled: “How Long Should You Keep Records after Tax Day?” I thought the information would be helpful for those who may be wondering what documents to hold

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IRS Commends NATRC on Tax Resolution Industry Improvements

Saturday, April 27th, 2013

Many of us who have worked tirelessly to restore the credibility of the tax resolution industry were pleased to hear our efforts commended by the IRS’ Office of Professional Responsibility (“OPR”). Yesterday’s press release mentioned news of the OPR’s review of the National Association of Tax Resolution Companies (NATRC) code of conduct, and how it was commending the organization in a follow up letter for establishing meaningful standards for its

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Tax Experts Give Free Webcast on IRS Collection Issues

Friday, April 26th, 2013

Tax practitioners who would like to develop skills to prevent and or resolve IRS collections are invited to join tax expert Eva Rosenberg, aka TaxMama® and yours truly for a complimentary webcast titled: “IRS Practice – Overview of Collection Issues. This course (part of the IRS Practice Series) provides an overview of the collections process and explores the numerous collection issues a practitioner may encounter including the

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Tax Expert on Finding a Qualified Tax Resolution Specialist

Tuesday, April 23rd, 2013

Just because the April 15 tax deadline passed doesn’t mean people who owe back taxes should stand idly by. It’s time to “man up” to the challenge and resolve your IRS tax issues with the help of an expert tax resolution professional. But who do you choose? On a video episode from the Midday Sunday Fox 11 with host Tony Valdez program, I explain how the tax resolution industry has

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Tax Tips for Taxpayers Who Missed the April 15 Deadline

Wednesday, April 17th, 2013

It’s the day after tax day and for those taxpayers who don’t intend on filing a tax return, you may want to reconsider. Not filing means you will be facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in jail. In fact, IRS penalties are more severe for non-filing than for non-payment. If it sounds

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IRS Question: How Do I Pay Off Tax Debt?

Tuesday, April 16th, 2013

Michael Rozbruch, certified Tax Resolution Specialist, answers a question about settling back taxes:
Question: Do I have the choice between the Offer in Compromise and the Installment Agreement when working with the IRS to settle my tax debt? And which one is better? Answer: Great questions! The short answer for both is that each is intended for consumers in different positions, so the decision of whether to pursue an Offer in

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Tax Expert Suggests Avoiding These Common Tax Mistakes

Friday, April 12th, 2013

Happy Friday! Countdown to tax day: 4 days
Last minute tax filers take note: the most common reasons for refund delays are because of preventable mistakes on the tax return. I thought information from this previous post and interview archive from the Midday Sunday Fox 11 with host Tony Valdez program could provide some help for those still scrambling to finish their tax returns. The trick to avoiding errors on your

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Offer in Compromise Saves Tax Client Over $100,000

Monday, April 8th, 2013

Every month at Tax Resolution Services 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 our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Brian C.
Mr. Brian C. owed the IRS $148,000 in back taxes when he sought help.  After several months of negotiations, we were

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Tax Resolution Services – Weekly Tax News Round-Up

Saturday, April 6th, 2013

Just ten days until April 15! On the run up to tax day, we do our best to provide tax relief tips for last minute taxpayers. The tax news topics covered this week include: the annual IRS Data Book release, the official release of the 2013 IRS Dirty Dozen List, a little tax relief humor at Uncle Sam’s expense, tips on filing and tax payments.
Tax Help Tips on Filing and

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IRS Lists ‘Dirty Dozen’ Tax Scams: Don’t Fall Victim!

Wednesday, April 3rd, 2013

The IRS has released its annual list of the top 12 tax scams. Make sure the tax advice you’re following isn’t on this list.
———————————-
If it’s too good to be true, it probably is.
That well-worn maxim applies to many things in life.
Including, of course, tax advice.
Someone saying you don’t need to pay taxes? Others claiming they can help you hide money off shore?
It’s all too good to be true.
In fact, some

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Tax Relief Tuesday-Humor at Uncle Sam’s Expense

Wednesday, April 3rd, 2013

With just 13 days until Tax Day, I thought many of you might need some tax relief humor. The article from @TodayMoney titled: “Happy birthday, modern tax system: 100 toasts and roasts“ could be just what the accountant ordered if you are agonizing over preparing your taxes. Here are some historical points of interest from the article about how our current tax system came into existence: The current tax system was formalized

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Tax Resolution Services Weekly Tax Relief News Round-Up

Saturday, March 30th, 2013

Reminder: 18 days left until Tax Day!
Here’s a review of the tax relief news covered this week. Featured topics include: IRS releases 2013 Dirty Dozen Tax Scam/Scheme List, businessmen guilty of tax evasion and filing false returns, IRS apologies for expensive Star Trek training video and hiring a tax professional versus tax preparation software.
IRS Releases 2013 Dirty Dozen Tax Scam-Scheme List – as well as a video to remind taxpayers

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IRS Releases 2013 Dirty Dozen Tax Scam-Scheme List

Friday, March 29th, 2013

The IRS just released its Dirty Dozen Tax Scam List for 2013 and introduced a video to remind taxpayers they need to protect themselves from the worst tax scams and schemes out there. While the “usual suspect” scams and schemes have not changed that much from last year, the notification explains how the IRS has stepped up their efforts to handle them, specifically identity theft related tax issues. Below the

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IRS Apologizes for Costly Star Trek Training Video

Wednesday, March 27th, 2013

Sometimes the government does things that make you want to shake your head. This post is about one of those instances. The Today Show reported in a segment titled “Live Long and Squander?” that the IRS is under fire for two training videos in particular a “Star Trek” parody the Agency thought would be good for employee training. NBC’s Kelly O’Donnell reports that a congressional committee was angry about the

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