IRS Tax Tips: Home Office Deduction-Simplified
The IRS has released its summertime tax tip bulletin: “Simplified Option for Home Office Deduction” that will be welcome news for those who work from home. According to the IRS, starting this year,...
View ArticleTax Relief Weekly News Round-Up: Top Tax Stories
Happy Friday! The cases and stories that caught our attention this week ranged from offshore tax evasion and estate tax issues, to a prison sentence for failing to file tax returns and July’s Tax...
View ArticleTax Problems-Pohlad Estate Challenged by IRS
More proof that the IRS is focusing its collection efforts on wealthy taxpayers comes from the Minnesota Star Tribune. The paper reported that the estate of billionaire Carl Pohlad is being challenged...
View ArticleTax Problems-What to Do if You Inherit Them
After recently writing a post about the estate of James Gandolfini, I ran across a follow-up article for Reuters by Amy Feldman titled: “What to Do When You Inherit a Tax Mess.” This article focuses on...
View ArticleBusinessman Pleads Guilty to Hiding Offshore Accounts
In a previous blog post, I noted that since 2009, the IRS has collected $5.5 billion in unpaid taxes and IRS penalties through the amnesty programs it offered. With offshore tax collection a major...
View ArticleTax Relief News Round-Up Top Stories
The top tax relief news this week ranged from tax evasion, to prison time for a false tax claim, troubles at the IRS, to a giant tax bill for the estate of actor James Gandolfini. Here is a recap of...
View ArticleJames Gandolfini’s Estate to Pay Tax Man 40 percent
In spite of making millions playing tough guy Tony Soprano, it appears actor James Gandolfini was not as “tough” in keeping Uncle Sam’s hands off his estate. A New York Daily News article titled:...
View ArticleTax Resolution Success Story-Client Saves $27k
Facing the IRS alone is like going up against an army. A new video clip on Glenn Beck’s, The Blaze TV tells the story of a viewer who learned first-hand just how tough the IRS can be. Not only did the...
View ArticleIRS Scrutiny of Bitcoin and Virtual Currencies
Virtual currencies such as Bitcoin have created a whole new way to pay for things. However, the tax rules governing how to report virtual currency use are not as defined as they should be – possibly...
View ArticleSatisfied Tax Resolution Services Client Saves Over $40k
At Tax Resolution Services, Co. (TRS) we are committed to providing exceptional client care. A new video clip on The Blaze TV highlights one of Glenn Beck’s viewers who shared his TRS experience with...
View ArticleTax Relief Weekly News Round Up-Top Tax Stories
The tax stories that peaked our interest this week included the following: new online sales tax law challenged by some states, the differences between Offer in Compromise and Installment Agreement,...
View ArticleInternet Tax Law Challenged by Team of Attorneys General
Well, it looks like some states are not taking the new internet sales tax regulations lying down. According to the Washington Post article titled: “Attorneys general from 3 states without sales taxes...
View ArticleMusician Jack White Pays 142k Tax Bill for Detroit Landmark
If there were tax angels, musician Jack White would be one of them. According to the Detroit Free Press, it appears that the anonymous benefactor who recently paid $142,000 of the Detroit’s Masonic...
View ArticleTax Resolution Services Success Story – Client Saves $30k
Sharing client success stories is important because it shows that IRS tax problems can happen to anyone including hard-working honest people, often through no fault of their own. A new video clip on...
View ArticleNational Tax Expert Disputes Talk of IRS Audit Decreases
I wrote this latest press release after reading a CNN Money article titled “Spending cut bright spot: Fewer IRS audits.” I needed to dispute the article’s assertion that there would be fewer questioned...
View ArticleTax Relief Weekly News Round Up-Top Tax Stories
This was a short, yet busy week for tax relief news. Stories ranged from celebrity tax woes and prison sentences for tax evaders to tax tips and benefits for military personnel. Actor Chris Tucker Pays...
View ArticleActor Chris Tucker Pays Nearly $1 Million toward Tax Debt
It appears actor and comedian, Chris Tucker is taking a bite out of his huge $12 million dollar tax debt. According to a TMZ.com article titled: “Chris Tucker’s Tax Debt – $1,000,000 Down, 12 More to...
View ArticleTax Relief Tips for Military Personnel
Memorial Day gives us a chance to honor military personnel for their service and sacrifice. It also allows tax professionals the opportunity to remind service members of the tax benefits they are...
View ArticleBeyonce’s Father Owes $1.2 Million in IRS Back Taxes
It’s pretty clear Beyonce’s former manager and father, Mathew Knowles knows a thing or two about managing a superstar. However, it appears he’s less knowledgeable about what it means to owe back taxes...
View ArticleIRS 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...
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