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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Tax Relief News Round Up: Top IRS Tax Stories this Week

Saturday, May 11th, 2013

This was a busy week in tax relief and IRS news. The stories that caught our attention ranged from how long to keep IRS tax records, to celebrity tax woes and finding tax debt solutions to the pro’s and cons of IRS prepared returns.
This week started with a helpful post titled: Tax Relief Tips for How Long to Keep IRS Records. A general rule of thumb guideline suggests that

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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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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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IRS Audits Greater in Five Major U.S. Cities

Friday, April 19th, 2013

I wrote a post for the Tax Matters blog post about a recent report revealing IRS audits are higher in five major metropolitan areas where higher rates of small businesses appear to be tax dodging. An article by the Los Angeles Times titled “Los Angeles, San Francisco top cities for tax dodgers, study says” cites a new study from the National Taxpayer Advocate that analyzed IRS data of five metropolitan

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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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How to Avoid IRS Audit Triggers

Wednesday, April 10th, 2013

IRS audits process are often a random selection. However, there are some triggers that can set the audit wheels in motion and bring on further examination and the possibility of paying more to the tax man. An MSN article titled: “What triggers an IRS audit?“ shines some light on how the IRS selects returns for audit and the criteria that sets these returns apart from the rest. Audits on the Rise
The

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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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Tax Expert Gives Tips on Filing and Tax Payments

Thursday, April 4th, 2013

During my interview last tax season on the Midday Sunday Fox 11 with host Tony Valdez program, Mr. Valdez posed a scenario that many today may be facing: they have finished preparing their taxes, but don’t have the money to pay them. What should they do? This is a common question and the good news is that taxpayers with tax debt have options! Below the video, I offer some solutions. If

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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 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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Employees Need Tax Relief for Billions Owed in Back Taxes

Wednesday, March 20th, 2013

I wrote a Tax Matters post last week on the news that 311,566 federal workers (including retirees) owe over $3.5 billion in back taxes. Many of the details came from both Forbes and MSN who reported on this story. While this topic is quite galling in many respects, the simple fact remains; more government employees with presumably decent incomes are struggling to pay their tax debt and need tax relief.

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Tax Resolution Services-The Week in Tax Relief News

Saturday, March 16th, 2013

Let’s recap the tax relief news we covered this week. Featured topics were: eliminating joint filing to help innocent spouses, Florida brothers sentenced for tax evasion, ways to pay your back taxes, IRS tax scams and schemes to avoid, and the Southland Better Business Bureau (BBB) LA Chapter gets expelled for “pay to play” practices.
Joint Tax Filing Thought to Help Innocent Spouses
I wrote a post titled Eliminating Joint Tax Filing

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Feds Still Coming After Unreported Offshore Account Holders

Friday, March 8th, 2013

A recent Wall Street Journal article titled “Offshore Tax Probe Picks Up” shows the Feds continuing to go after Swiss banks both big and small. The government has also expanded their search for U.S. tax cheats in countries such as Israel, India, Singapore, China and elsewhere they believe citizens might be sheltering their secret accounts to evade paying taxes on them.
The article reports that on Monday Switzerland’s oldest private bank, Wegelin

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Tax Resolution Services-The Story of Michael Rozbruch Part II

Tuesday, March 5th, 2013

This episode of my national network television show, TaxMan gives consumers further insight into my professional history beginning with my education, employment and qualifications. It’s because of these experiences and desire to help people resolve their tax problems that I took on a new business venture in a relatively small industry and named it Tax Resolution Services, Co. (TRS).  (*Below the video are the main details of my story). Education I

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Weekly Tax Resolution News Round-Up

Saturday, March 2nd, 2013

It’s Friday, and that means it’s time for a round-up of tax news we reported on this week. Here are some tax related stories that were particularly interesting:
Tax Help Tips Eleven Tax Changes to Know before Filing Now that tax season is here, I wanted to let people know that the recent changes to the tax code could affect their wallet! A Forbes article provided the eleven important changes that

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Tax Changes to Know before Filing a 2012 Tax Return

Friday, March 1st, 2013

An article by Forbes titled “11 Changes You Must Know Before Filing Your Tax Return for 2012” reminds us that the recent changes to the tax code could affect many of us and our wallets this tax season. Here are eleven important changes that the article highlights: Payroll Tax Credit for Self-Employed Taxpayers
W-2 Forms Changed This Year Due to the Affordable Care Act (ACA)
2010 Roth Conversions May Be Subject to Tax
Tax

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Top Ten Ways to Get Tax Help from IRS.gov

Wednesday, February 20th, 2013

The IRS has made getting tax help 24 hours a day/7 days a week on IRS.gov easier than ever before. They have done this by re-designing their website to make it more user-friendly for both consumers and tax professionals. Here are the top ten reasons to visit the IRS.gov website: Get 24/7 Access — for Free. IRS.gov has tax forms and answers when you need them – day or night. The Interactive

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