Monthly Archives: October 2011

//October
­

How Could This Happen To Me? Peter Stephan On Why The Wealthy Have Serious Tax Problems Today (Part 2)

Peter Stephan of the Tax Resolution Institute gave an in-depth interview at the beginning of October about the wealthy and their sudden increase in income tax difficulties. In Part 2 of this interview, Mr. Stephan shows how initial financial difficulties spiral out of control. Once the money crunch hits the home, wealthy families tend to make bad choices. After all, if they have a couple of kids in private schools or in college, what comes first: the education of the kids or their IRS income taxes? From the wealthy couple’s perspective, obviously the kids come first, but not according to [...]

How Could This Happen To Me? Peter Stephan On Why The Wealthy Have Serious Tax Problems Today (Part 1)

Peter Stephan of the Tax Resolution Institute gave an in-depth interview at the beginning of October about the wealthy and their sudden increase in income tax difficulties. In Part 1, Mr. Stephan describes how he is seeing so many wealthy families and individuals come to him with serious delinquent income tax problems with the Internal Revenue Service and their local state taxing agencies. In Part II, Peter Stephan explains how those tax problems continue to spiral out of control and offers potential solutions. In well-to-do communities throughout Southern California, particularly in Orange County and the San Fernando Valley, [...]

Question Of A Taxpayer In Trouble: If I Declare Bankruptcy Will My IRS Income Tax Debt Forever Go Away?

The answer to this common question is yes, but with specific conditions and reservations. The Tax Lawyers at the Tax Resolution Institute have the experience and the expertise to know when and how to use a bankruptcy to clear a delinquent IRS tax debt. Declaring and filing for bankruptcy can clear some types of IRS income tax debt.  There is an important reservation that must be understood. It will not clear, however, a federal tax lien that has attached to your assets. If no IRS tax lien has been filed, income tax debt can be discharged and cleared from your [...]

Am I The Only One? – Definitely Not! 1 in 6 Americans Need Effective Tax Relief For IRS Income Tax Problems

Whether you live in San Diego or Orange County, New York City or Irvine, a delinquent tax problem seems so overwhelming. When you have an IRS income tax problem and a delinquent tax debt, it feels like you are cursed and alone, falling into a dark hole with no escape. At the Tax Resolution Institute, we promise you that this is not the case. Over 26 million American citizens have an IRS income tax problem and need tax relief. Yes, 1 in 6 taxpayers are trying to get past the same difficult income tax hurdle. And there is an answer [...]

Protect Yourself By Knowing The Difference Between A Federal Notice Of Intent To Levy And An IRS CP-504 Notice

Thousands of Americans who owe back taxes to the Internal revenue Service ignore letters and notices about their tax debt. They just want their troubles to go away, but the IRS will never go away. If you owe back income taxes to the IRS, you may receive a CP-504 Notice. This IRS notice begins with the same message every time: “Urgent! We intend to levy Certain Assets.” Although it appears like the IRS is about to take action against you, this actually is not the case. Yes, IRS actions against you are coming, but not right away and you still have time [...]