back taxes
« Previous EntriesAct Quickly to Prevent Tax Liens
Wednesday, October 12th, 2011When people receive a collection notice from the government about IRS back taxes, they often become blinded by fear, don’t know where to turn, and do nothing– hoping the tax problem will go away. As a result of their inaction, these financially stressed individuals could find themselves staring down an IRS tax lien.
In a recent [...]
Tougher IRS Regulation on Worker Misclassification
Saturday, October 1st, 2011Last week the IRS announced a new program aimed at business owners that requires reclassification of independent contractors as employees. I discussed the IRS New voluntary Worker Classification Settlement Program, which is particularly relevant in the case of small business owners, in detail last week.
The IRS is dedicated to tougher regulation on misclassification as the number of [...]
Hurricane Irene Victims Receive Tax Relief
Thursday, September 15th, 2011Last week on my Tax Resolution University blog I wrote about new tax relief available to victims of Hurricane Irene. Today, September 15, is a filing and estimated tax deadline, but because of the recent disaster, Hurricane Irene victims have been granted tax relief extensions for filing. Included in the tax relief are corporations and [...]
More Tips for Consumers Who Have Back Taxes or Tax Debt
Wednesday, August 31st, 2011In a press release written a few weeks back, Never Too Late to File a Tax Return, I felt the need to provide additional information to the IRS’s advisory list Ten Tips for Taxpayers Who Owe Back Taxes or Have Other Tax Debt newsletter (published a few weeks ago).
While the IRS objectives on this subject [...]
Understand Investments before IRS Tax Problems Occur
Tuesday, August 23rd, 2011As a tax attorney some of the best advice I can offer for staying out of IRS tax trouble is to stay educated on the current rules and regulations surrounding tax law. Below is a post I recently wrote for my Tax Resolution University blog on staying up on the rules for investment taxation before [...]
Former Banker Guilty of Helping Americans Evade Taxes With Foreign Accounts
Tuesday, August 9th, 2011I recently came across an interesting article on Bloomberg regarding a former banker charged with assisting consumers evade taxes by hiding funds in foreign offshore accounts.
I mentioned this case of tax evasion on my Tax Resolution University blog earlier this week. Martin Lack who is a former banker at UBS AG and independent investment adviser was [...]
Recent Changes in Consumer Tax Laws
Sunday, July 31st, 2011I recently came across an interesting article on Individual Taxation: Digest of Recent Developments and summarized a few key points on my Tax Resolution University blog. The article discusses changes from last year and this year in regards to individual taxation. Check out some of the points below for updates on tax regulation, including innocent spouse [...]
Tax Help Tips for the Self-Employed, Small Businesses and More
Wednesday, June 29th, 2011If you own a small business or a self-employed, check out these quick tax tips as well as some general advice for filing your tax returns. It’s never too late to learn these great tax-filing habits!
Home-based businesses – protect your business against an IRS audit by tracking your expenses. Save a copy of all business [...]
Tax Help: Year Round Tips for Good Tax Practices
Monday, June 20th, 2011It’s never too late to start practicing some tax self-help. Keep yourself on top of your taxes by adopting these great tax tips year round:
Good Record-Keeping – get yourself organized and make some room in your wallet! Keep track of your receipts by using credit cards and checks for expenses. Or go the extra mile [...]
Tax News Alert: Consumers With Offshore Bank Accounts Must Act Quickly to Take Advantage of IRS Amnesty Program
Friday, May 27th, 2011The IRS is giving consumers a break this year with their second round of the voluntary disclosure program, due to expire in August, 2011.
For those consumers who have undisclosed offshore bank accounts, it is wise to take advantage of this opportunity (which the IRS claims to be their last) to reduce potential IRS penalties.
I’ve recently [...]





