Archive for January, 2011
Tax Relief News: Where Is Your Refund?
Monday, January 31st, 2011Last December, the IRS admitted that they have over $164.6 million in undelivered refund checks and want to deliver them to the rightful consumers. In 2010, 111,893 taxpayers who were owed a refund check were not able to receive it because of  simple mailing errors! It’s such a shame that consumers who were rightfully owed [...]
IRS To Audit Businesses for Unpaid Payroll Taxes and Worker Misclassification
Sunday, January 30th, 2011The January 31st deadline for filing Form 1099s (independent contractors) is just around the corner. Worker status is a major target on the IRS radar this year.
Why would the IRS care how a business owner classifies workers? The simple answer is that tax burden on the owner changes dramatically depending on how a worker is [...]
Tax Resolution News: TRS Reflects on Top Tax Relief Accomplishments in 2010
Sunday, January 30th, 2011Since 2011 just rolled in, TRS would like to share some of our major accomplishments from 2010 with you; from being honored as at the Inc 500|5000 Awards to endorsements from Glenn Beck and Sean Hannity. Being the nation’s leading tax relief firm, we are very proud to recount highlights from 2010 including the following:
Tax [...]
Tax Resolution Tip: Make Tax Compliance Your 2011 Resolution to Settle Your Back Taxes and IRS Problems
Friday, January 28th, 2011As people look to improve their overall health and well being in the coming year by making better choices and smarter decisions, one of the best resolutions you can make involves exercising sound judgment when it comes to your financial fitness, especially if you owe back taxes or other tax debt.
If you haven’t thought about [...]
Tax Relief News: Need for Tax Relief Grows as IRS Increases Liens in Bad Economy
Thursday, January 27th, 2011This just in: according to a government watchdog, the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slow economic rebound by increasing the number of liens the agency has filed against people who owe back taxes.
According to Associated Press, the IRS filed nearly 1.1 million tax liens in the 2010 budget [...]
Tax Relief FAQ: Why Is Settling An IRS Tax Debt For Less Than Owed A Good Move? Don’t We All Pay For This?
Sunday, January 23rd, 2011A great, logical question that many taxpayers have asked. The simple answer is ‘no’.
Do compliant taxpayers pay the tax debt for delinquent taxpayers? Certainly not. In the last few years, the IRS have had a considerable boost in their enforcement budget. This has allowed them to pursue all tax delinquencies, weather they are personal or business related. In many cases, the IRS will [...]
Tax Relief FAQ: How Does the IRS Determine Worker Misclassification in Business Audits?
Sunday, January 23rd, 2011If you own a business, your workers are classified as either employees or independent contractors. When it comes to paying tax to the IRS, the difference in employee classification is essential.Â
As a business owner, it is your responsibility to withhold and pay Social Security, Medicare and income taxes and pay unemployment taxes on wages paid for each and [...]
Latest Tax Help: Make Tax Compliance Your 2011 Resolution
Wednesday, January 5th, 2011Happy 2011!
By the time you read this, you’ll have rung in the New Year. So what are your New Year’s resolutions? Spending more time with loved ones? Working less? Getting in shape with a new gym membership?
After all, those are the standards, right? They’re good ones: We should all spend more time with loved ones, [...]