Archive for December, 2010
Avoid IRS Problems with Vital Tips for Filing Tax Returns from the Nation’s Leading Tax Relief Firm
Friday, December 31st, 2010As the holidays are in full swing, tax season is just around the corner. In this time of a troubled national economy, more taxpayers are finding themselves delinquent on their tax returns and facing increasingly aggressive collection efforts by the IRS. To avoid and resolve IRS problems before they increase, at TRS we suggests four [...]
Tax Help and Filing Tips for Taxpayers and Tax Professionals with Timely Tax Tweets from the IRS
Wednesday, December 29th, 2010The IRS is fully immersing itself in social media. Keeping up with the times, the IRS now offers timely tax tips and information snippets on IRS programs like e-file, tax law changes and other quick information for taxpayers on its IRS Twitter: @IRSnews. The focus of its Twitter channel is to share timely content with taxpayers and [...]
Tax Resolution News: Offshore Bank Account Holders Still Need Tax Relief as IRS Plans Further Actions
Tuesday, December 21st, 2010If you hold offshore or other undeclared foreign accounts, it’s time to become compliant. That is the message the IRS is sending to Americans who have sheltered funds in other countries.
The IRS has been putting tremendous pressure on foreign banks—with success—to disclose their American account holders. Swiss giant UBS, in the face of legal action [...]
Tax Relief Firm Emphasizes Importance of Taxpayer Compliance
Friday, December 17th, 2010For taxpayers who are scrupulous about filing every year and paying every dime of their tax bill on time year after year, it can be galling to hear about delinquent taxpayers who manage to settle their tax debt for far less than what they owe.
I understand the common frustration of compliant taxpayers. People ask, Why [...]
Year-End Tax Help Tips for Individuals to Save on Taxes in 2011
Thursday, December 16th, 2010What a year 2010 was, with all the media exposure on tax relief scandals like Roni Deutch and American Tax Relief, celebrity tax woes, and the UBS offshore tax evasion cases. Alas, we are at a close of the year with only two weeks left before the new year rolls around, what can you do [...]
Year-End Tax Help Tips for Business Owners to Lower Tax Bill in 2011
Thursday, December 16th, 2010As this year is coming to a close, what can business owners do to wrap up the year and prepare for tax day 2011? I always tell people: it’s much better to get all your ducks in a row before the new year starts than to wait till March rolls around. So here are some [...]
Tax Relief News: IRS Demonstrates Enforcement in Celebrity Tax Case
Sunday, December 12th, 2010Wesley Snipes is going to prison for three years for his unpaid back taxes.
You know who–Snipes. The star of Blade and White Men Can’t Jump, was convicted of willfully failing to pay taxes on $38 million of income for the tax years 1999 to 2001.
After a judge rejected his appeal, Snipes was ordered to turn [...]
Tax Resolution News: TRS Shares Top Reasons to be Thankful for the IRS
Sunday, December 12th, 2010With its record $5.5 billion enforcement budget, the IRS may not be at the top of many people’s lists of things to be thankful for this year. However, there are still many reasons to be thankful for America’s tax revenue agency.
Believe it or not, the IRS has a tough job to do, and it does [...]
Tax Relief News: The IRS Wants To Return Your Money Now
Sunday, December 5th, 2010The festive holiday spirit is even affecting the IRS! And this means possibly a bit of tax relief for taxpayers in time for the holidays. Earlier this month the bureau announced they have over $164.6 million in undelivered refund checks and want to deliver them to their rightful owners. But what does this mean for you? [...]
Tax Relief Strategies from the Tax Expert: Reducing Back Taxes and IRS Debt
Wednesday, December 1st, 2010The economy is slowly beginning to rebound, however there are still some 26 million Americans plagued with tax problems. These include audit or collection-related issues. At the same time the IRS collection efforts on the rise – supported by a record enforcement budget of $5.5 billion. This is why Americans need to know their rights [...]