Blog Profile / Tax Resolution University
| URL : | http://www.taxresolution.com/blog/ | |
|---|---|---|
| Filed Under: | Business & Finance / Taxes | |
| Posts on Regator: | 748 | |
| Posts / Week: | 6.5 | |
| Archived Since: | March 8, 2011 | |
Blog Post Archive
Tax Relief Weekly News Round Up: Top Tax Stories
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...Show More Summary
Tax Case: Louisiana Lawyer Files False Tax Refund Claim
A Louisiana lawyer pleaded guilty to making false, fictitious and fraudulent claims to the Internal Revenue Service in an attempt to receive more than $9.7 million in tax refunds. According to court records, Francis C. Broussard, 53,...Show More Summary
IRS Question: How Do I Qualify for the Offer in Compromise Program?
Question: I owe a lot of money to the IRS, and having just filed my taxes for 2012, I owe even more! I need to do something, and soon. How do I know if I qualify for the Offer in Compromise program? Answer: The Offer in Compromise is...Show More Summary
IRS Question: Can I Erase Tax Debt in Bankruptcy?
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. Show More Summary
IRS Criminal Investigation Report Shows Increases
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...Show More Summary
Tax Client Saves Over $100,000 Through IRS Offer in Compromise
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. Show More Summary
Tax Relief News Round Up: Top IRS Tax Stories this Week
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. Show More Summary
IRS Prepared Tax Returns: Are They a Good Idea?
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.Show More Summary
For Those With Tax Debt, Solutions Are Available
If you have tax troubles that haven’t been addressed, it’s time for you to see a tax professional and get to know your options. ———————————- I remember his face, clear as day. Panicked — that’s the only word to describe it. I shook his hand; it was a clammy. Show More Summary
Celebrity Tax Case: Actor Stephen Baldwin Guilty of Tax Charges
Actor Stephen Baldwin pleaded guilty to failure to file income taxes for three years and will pay $300,000 in back taxes to the government. Baldwin, the youngest of the Baldwin brothers and best known for his roles in The Usual Suspects...Show More Summary
Singer Lauryn Hill Gets Three Months In Jail for Tax Evasion
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...Show More Summary
Tax Relief Tips for How Long to Keep IRS Records
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: “HowShow More Summary
Tax Resolution Services Weekly News Round Up
Happy Friday! Here are some of the tax stories we covered from this week’s news. The topics include: Government Accountability Report showing IRS budget cuts effecting offshore tax collection and tax audit rates, offshore amnesty program...Show More Summary
IRS Budget Cuts Hurt Offshore Tax Collection
I recently wrote a post for the Tax Matters blog about a newly released Government Accountability Office (GAO) report showing IRS budget cuts forcing the furlough of 100,000 employees therefore reducing the ability to audit taxpayers at the same rate. Show More Summary
Offshore Amnesty Programs Yield $5.5 Billion
Government investigators reported that the Internal Revenue Service has recouped more than $5.5 billion for the voluntary disclosure programs. NPR sites an Associated Press article titled: Tax Cheats Pony Up $5.5 Billion in Amnesty Program...Show More Summary
New Tax Resolution Services Commercial Advises Tax Relief
For fifteen years, I have helped resolve IRS tax issues for good people who made past tax mistakes and got into trouble with the IRS. These folks got the the tax relief they needed because they hired expert tax representation capable of handling cases such as theirs. Show More Summary
Meat Man Commits Tax Evasion by Diverting Company Income
The owner of a New Jersey meat distribution company pleaded guilty to evading taxes on income diverted from his companies for personal use. Nicholas Papanier Sr., 57, of Sewell, New Jersey, pleaded guilty to one count of tax evasion. According...Show More Summary
IRS Commends NATRC on Tax Resolution Industry Improvements
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...Show More Summary
Tax Experts Give Free Webcast on IRS Collection Issues
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. Show More Summary
Income Tax Evasion of $500,000 by Businessman
A Maryland businessman was sentenced to prison for evading more than $500,000 in federal and state taxes. Bae Soo “Chris” Chon, 49, of Beltsville, Maryland, received one year and a day in prison, to be followed by one year of supervised release, for the income tax evasion charge. Show More Summary