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A Christmas Present Of Essential Tax Information For California Taxpayers From The Tax Resolution Institute

December 25, 2011 By

Christmas should be a universal holiday for everyone, a time of seasonal relief and family love and financial support. The Tax Resolution Institute knows how many California taxpayers are in trouble this year as 2011 comes to a close. We want to provide with a Christmas present of essential tax information to help make 2012 a wonderful year for you and your family. Although the statute of limitations for Federal Tax Collection tends to be ten years, the statute of limitations for California Franchise Tax Board is twenty years. In this economic crisis, they are going after ancient tax debts with a particular vengeance these days.

Christmas Awareness - Extended Statute of Limitations

Christmas Awareness - Extended Statute of Limitations

The California Franchise Tax Board is not just going after delinquent income tax bills of current California residents. If you once lived in California and failed to pay your state income taxes, they are coming after you in Michigan and New York, Connecticut and Ohio, Illinois and Florida, Nevada and Pennsylvania. It does not matter what state you now live in, if the California Franchise Tax Board comes after you, they will levy your bank accounts and take tax collecting actions against you. California is in economic crisis with a huge deficit so the revenue agents from the Franchise Tax Board have been given a mission to dig up and collect all past due income tax debts to the state.

The statue of limitations for Federal tax collection in the vast majority of cases is ten years. The statute of limitations limits the time during which an action can be brought by the IRS for a tax audit and the time for IRS tax collection measures and attempts. In general, there is a 3-year SOL (statute of limitations) for IRS audits of your tax returns and a 10-year SOL for IRS collection attempts. There are some exceptions, particularly in cases involving criminal activity and illegal tax evasion. If you knowingly filed a false tax return in order to avoid paying taxes on taxable income, the statute of limitations is waived by the IRS because it becomes a criminal matter.

Christmas Present of Tax Awareness

A Christmas Present of Tax Awareness

Our Christmas present to you is one of awareness if you live in California and you believed you have avoided any back income tax problems because the IRS 10-year SOL has passed. This is not the case. When it comes to collecting income taxes, unlike the vast majority of states in the union, the California Franchise Tax Board can come after you for twice as long as the Internal Revenue Service. Just because the Federal statute of limitations has passed, it does not mean that you are out of trouble and in the clear. California will not stop until they collect your tax debt. If you need professional tax help and the best in tax resolution services, please contact the Tax Resolution Institute in the coming year. We are here as a valuable resource to help you find the financial freedom you deserve!

 

 

Filed Under: California Tax Relief, Income Tax Problems, New York Tax Resolution, Tax Relief, Tax Resolution Services Tagged With: , , , , , , ,

TRI Negotiates Installment Agreement For Irvine Public School Teacher With The California Franchise Tax Board

August 27, 2011 By
California Franchise Tax Board

California Franchise Tax Board

If you think the Internal Revenue Service is tough when it comes to delinquent income tax bills, you should try dealing with the California Franchise Tax Board and negotiating an Installment Agreement with them. The California FTB is going after delinquent income tax bills with a new ferocity given the lack of money in the state budget and California’s economic struggles. When an Irvine schoolteacher from Orange County found herself in serious tax trouble with the California FTB, she turned to the Tax Resolution Institute for help.

To begin with, let’s be perfectly honest: In this day and age, being a schoolteacher in California public schools is tough enough without being hassled by the Franchise Tax Board. California needs good teachers that will keep the standardized test scores highs and the kids doing well in class. When a wonderful Irvine schoolteacher encountered some serious financial setbacks and got into a tax bind with the California Franchise Tax Board, she found herself in serious trouble.

Irvine School Teacher PTA Appreciation

Irvine School Teacher PTA Appreciation

Since she was a schoolteacher in the excellent California public school system in Irvine, she thought that she should focus on paying her IRS income taxes and that California would wait. After a few years of delinquent tax bills, she realized that she was wrong and needed help in Orange County. As she expressed to TRI, “Please let me know what we should do at this point. I know that the FTB is not very flexible with due dates so it’s a little unnerving.”

When she came to the Tax Resolution Institute, her wages were about to be garnished and her family’s bank accounts levied. Since she had been sitting on the tax debt for several years, it had just grown and grown, increasingly getting worse. You must remember that if you do not take action, delinquent tax bills with either California Franchise Tax Board or the Internal Revenue Service do not simply go away. Instead, they compound interest on a daily basis while accruing serious back tax penalties. It is essential to take action and deal directly with the problem by consulting a respected tax professional like the Tax Resolution Institute.

Focus On Good Teaching, Not Delinquent Taxes

Focus On Good Teaching, Not Delinquent Taxes

Luckily, the tax lawyers at the Tax Resolution Institute were able to negotiate a very positive and workable Installment Agreement with the California Franchise Tax Board for the Irvine schoolteacher. By agreeing to a do a monthly direct deposit to the FTB, the Installment Agreement was negotiated for under $100.00 a month. Penalties were waived, and all the possible negative consequences went away. The response from the Irvine School teacher was nothings less than glowing: “Thanks again and just so you know – - – YOU ROCK!!! I can’t even believe that this has been taken care of so quickly. If only I would have found TRI 3 years ago – it would have saved me a lot of stress, sleepless nights and tears.”

Remember that if you need help with a delinquent tax problem with the Internal Revenue, the California Franchise Tax Board or any other State Taxing Agency, the Tax Resolution Institute is the place to go. Without a single complaint from any of our past clients and tons of positive feedback for past Installment Agreements and other tax resolution services, we provide the answer when you need help with a wage garnishment looming over your head. The Tax Resolution Institute can solve your delinquent tax problem.

Filed Under: California Tax Relief, Tax Relief, wage garnishment Tagged With: , , , , , , ,

California Franchise Tax Board Agents Arrest Tarzana Man For Filing Fraudulent State Income Tax Returns

July 15, 2010 By

California Franchise Tax Board special agents arrested a Tarzana man on five counts of filing fraudulent state income tax returns. Nicholas A. Francisco (59), the owner of a check cashing business, allegedly failed to report more than $3.5 million in income on his 2003 – 2007 state income tax returns. At the present time, Francisco owes the state more than $735,000 in unpaid tax, interest, and penalties. The cost of the tax investigation, however, will be added to this amount and sought as restitution. In addition, each tax count carries a maximum sentence of three years in state prison.

California Franchise Tax Board

California Franchise Tax Board

By avoiding paying California the taxes due and filing fraudulent returns, Francisco turned a financially difficult situation into a criminal offense. Criminal solutions are never the right answer to serious tax debt challenges. If you have a huge delinquent income tax bill with the California Franchise Tax Board and need help finding tax relief, contact the Tax Resolution Institute for help.

Prosecuted by the Los Angeles County District Attorney’s Fraud Interdiction Program, Nicholas Francisco came to the FTB’s attention during the investigation of an unrelated criminal case involving a medical doctor who utilized Francisco’s check cashing business as part of his medical fraud scheme. Like the IRS, the FTB is a powerful collection agency that will not stop until state taxes are paid in full. California is in financial crisis, and the tax gap is a major reason why. The failure to report income is part of the $6.5 billion tax gap California faces each year. The tax gap is defined as the difference between the tax that is owed and the tax that is paid.

If You Steal From California, FTB Agents Will Catch You!

If You Steal From California, FTB Agents Will Catch You!

After being booked in Los Angeles, Francisco’s bail was set at $737,000. The following week when his case came before a judge, Francisco pleaded not guilty to all five of the counts of filing fraudulent state income tax returns. If convicted on five counts of state income tax fraud, he could serve up to 15 years in prison. The case is the result of a joint investigation between the Los Angeles District Attorney’s office and FTB. If you want to keep the District Attorney far away from your finances, never file a fraudulent claim that avoids the payment of your state tax debt. Even if you do not have the funds to cover your tax debt, contact the Tax Resolution Institute, and our tax experts will find a workable solution for you. By negotiating an Offer in Compromise or an Installment Agreement with the California Franchise Tax Board, TRI can provide you with state tax relief.

Filed Under: Delinquent Tax Debts, Income Tax Problems Tagged With: , , , ,

Tax Relief Success in Sacramento: The California Franchise Tax Board Refunds Bank Levy To Taxpayer

June 11, 2010 By

For the Tax Resolution Institute, nothing is as satisfying as when we can provide real tax relief success for taxpayers that come to us for help. Before we dive into the true story, we want to note that certain details have been altered to protect the privacy of our client. The Tax Resolution Institute will never violate a client’s right to privacy and anonymity.

Recently, we received a letter from a happy Sacramento taxpayer who had received a large refund from the California Franchise Tax Board. What is so rewarding is that money that was previously levied by mistake was refunded in full to the client after the Tax Resolution Institute successfully handled his tax problem.

In the letter, the happy Sacramento client who had been facing huge income tax problems with both the California Franchise Tax Board and the IRS expressed his gratitude when he kindly wrote:

“I just wanted to drop you a line to let you know that the State of California has just sent us, not one, but two refund checks.  I take this to mean that the issue with them is resolved. Great job and thanks!”

Tax Relief Success For A Sacramento Taxpayer

Tax Relief Success For A Sacramento Taxpayer

When the Sacramento taxpayer first came to us, he owed a bundle of taxes, penalties and interests for various unfilled personal income tax returns. By the time the Tax Resolution Institute became involved, the client’s bank accounts were being levied by the California Franchise Tax Board to cover the unpaid state tax bill. Right away, the Tax Resolution Institute took action to protect the future financial security of our client.

By taking action on the delinquent tax debts, we stopped the IRS and local state taxing agencies from further levying his bank accounts or garnishing his wages. Without this action, the enforcement actions eventually would have expanded into possible asset seizures. The Tax Resolution Institute went through and prepared the unfiled tax returns. The preparation and submission of the unfiled returns took place on both the Federal and the State level.

With the Federal Taxes, the Tax Resolution Institute negotiated a successful Installment Agreement for the delinquent tax debts. Wiping away the penalties and interests, the taxpayer received a payment plan that fit into his economic timetable. The Installment Agreement was workable and secure, satisfying all the parties involved.

California Franchise Tax Board Refund

California Franchise Tax Board Refund

The real tax resolution success came when the unfiled tax returns were filed with the California Franchise Tax Board. Upon accepting and processing the tax returns, the Tax Compliance Officer that not only did the client not owe any more money, but they actually were due a refund. In addition, the client’s bank accounts had been improperly levied and they were due a refund for the money that previously had been levied.

What a success for the Sacramento taxpayer! Thanks to the Tax Resolution Institute, no more enforcement actions were taken against them and they received two refund checks from the State of California. If you have a serious state or federal income tax problem, don’t you deserve to find out whether such positive tax relief is a real possibility for you?

Filed Under: Delinquent Tax Debts, Income Tax Problems, Tax Relief Tagged With: , , , , , , , ,

Kevin Mitchell, former San Diego Padres baseball slugger, owes $5.3 Million in Back Taxes to California

May 28, 2010 By

Homerun-bashing San Diego Padres bad boy Kevin Mitchell, a member of the 1986 World Series champion New York Mets and the 1989 National League MVP, owes more than $5.2 million in delinquent state taxes, records in California show. Kevin Mitchell was paid an estimated $20 million during a 14-year major-league career with the Mets, San Diego Padres, San Francisco Giants, and five other teams. Mitchell, a native San Diegan and now 48, had a stellar career early on with the Mets and Padres. Kevin Mitchell needs today to find real tax relief in California.

San Diego Padres Slugger Kevin Mitchell Busted For Back Taxes By The California Franchise Tax Board

Kevin Mitchell Busted For Back Taxes By The Franchise Tax Board

Clearly, Mitchell mismanaged his baseball earnings with a combination of bad business management and poor tax planning. If Kevin Mitchell had come to the tax experts at the Tax Resolution Institute, he could have found a positive combination of preventive measures and tax relief solutions. Today, with the huge state tax debt and the bad publicity, Mitchell could still find real tax relief at the Tax Resolution Institute.

Kevin Mitchell was paid an estimated $20 million during a 14-year major-league career with the Mets, San Diego Padres, San Francisco Giants, and five other teams. Mitchell, a native San Diegan and now 48, had a stellar career early on with the Mets and Padres.

Kevin Mitchell was known as a bad boy because he is the only known player to be accused of decapitating a cat. Mets pitcher Dwight Gooden wrote in his 1999 autobiography, Heat, that he witnessed Mitchell decapitate his girlfriend’s cat with a 12-inch knife. Mitchell denied it, but his bad karma could be catching up with him.

Kevin Mitchell, however, is not the only San Diego resident to wind up on California’s list of the worse tax debtors. In fact, when the California Franchise Tax Board released its list of major individuals and corporations with the largest tax delinquencies, three of the top eight are from San Diego County. They are Jeffry C. Howard, $5.4 million, fifth; Kevin Mitchell $5.2 million, sixth, and Michael Fanghella $4.1 million, eighth. Since they are all personal income tax delinquencies, Kevin Mitchell finds himself right in the middle of the list of San Diego’s worse delinquent taxpayers.

Former San Diego Padres Slugger Owes California $5.2 Million In Back Taxes

Former San Diego Padres Slugger Owes California $5.2 Million In Back Taxes

Since San Diego is right in the Tax Resolution Institute’s backyard and some of our most respected tax experts work and practice in San Diego, San Diegans like Kevin Mitchell with severe tax problems should contact the Tax Resolution Institute. The tax experts at TRI can find tax relief and real tax solutions for severe tax problems.

Filed Under: Delinquent Tax Debts, Income Tax Problems, Tax Relief Tagged With: , , , , , ,

With A Tax Lien Filed Against Him In 2009, Rush Hour Star Chris Tucker Has A $3.6 Million Tax Bill In California

May 13, 2010 By

According to the Detroit News, less than a year ago, Chris Tucker, the Rush Hour star, had a $3,594,409 tax lien filed against him by California tax officials in Sacramento County Court. Tucker owes the taxes for the years 2001-02 and 2004-07 when he was actually making movies. Since he has not made a film since Rush Hour 3, it is hoped that Tucker saved enough from his $20 million dollar pay days to cover the tax lien. If not, the Rush Hour star with a criminal history could find some of his expensive luxury assets seized or he might have to have an auction like boxer Thomas Hearns to cover the tax bill. With a criminal history, Tucker needs to put these problems behind him.

Tax Lien Filed Against Chris Tucker

Tax Lien Filed Against Chris Tucker

Tucker is the latest celebrity to be named and shamed as indebted to the already financially struggling state. Finding fame in Friday with Ice Cube and the Rush Hour films with Jackie Chan, Tucker became infamous for being extremely difficult to work with on a movie set, throwing tantrums and screaming fits. Even though he has made millions in earnings he has failed to be compliant with California tax laws for several years now and that has just all caught up with him.

Since California is in such a drastic financial crisis, they are coming after delinquent taxpayers with a vengeance. The California Franchise Tax Board has been given a mission to collect all delinquent tax bills owed so they can help the state rescue itself from the financial crisis. Supposedly, Tucker has been talking to Ice Cube about starring in a third movie to complete the Friday. In addition, it has been rumored that Quentin Tarantino wants to make a war movie with Tucker and Brett Ratner is developing a film with Tucker about the personal valet to Frank Sinatra.

Chris Tucker Owes Back Taxes To California FTB

Chris Tucker Owes Back Taxes To California FTB

Without question, Tucker should hop on one of these movie roles and restock his finances. In addition, he should contact a tax professional like the tax experts at the Tax Resolution Institute. Beyond having experience helping high profile celebrities with tax problems, TRI knows how to provide wealthy individuals with effective financial and tax planning so nothing bad happens in the future. With a strong hand at the wheel, Chris Tucker’s financial life can steer right back on track.

Filed Under: Delinquent Tax Debts, Income Tax Problems, Tax Lien Problems, Tax Relief Tagged With: , , , , , , , , , , ,

Titanic Star Billy Zane Has A State Tax Lien For Over $115,000 Filed Against Him In California

May 11, 2010 By

Although Billy Zane achieved world-wide fame for playing the bad guy opposite Leonardo Dicaprio and Kate Winslet in the blockbuster James Cameron film, Titanic, the actor is sinking after crashing into a California Franchise Tax Board iceberg. California tax officials filed a state tax lien against Billy Zane after he fell behind on his payments concerning a back tax debt. As a result, the actor is in a serious tax crisis in regards to his delinquent state tax bill to the California Franchise Tax Board.

California Tax Lien Filed Against Billy Zane

California Tax Lien Filed Against Billy Zane

The Titanic co-star has had the state tax lien filed against him, accusing the actor of owing $116,578 in delinquent taxes. The demand was submitted by California tax bosses in the Los Angeles County to the LA County Recorder of Deeds on March 10, 2010. First reported by Perez Hilton on his tabloid gossip site, the tax lien against Billy Zane is one more example of Hollywood royalty failing to cover their tax bills and having their delinquent taxes lead to legal action by the state tax authorities.

Having recently starred in the ABC series, The Deep End, and rumored to be preparing for his directorial debut, Zane has made no comment in response to the tax lien. In a recent appearance at an Awards Ceremony in Los Angeles, Billy Zane was happy to discuss his debut behind the camera, but avoided answering any questions about the tax lien.

On April 16, speaking at the opening night of the Beverly Hills Film Festival, the Titanic star revealed he was directing a film set in France. He said: “I’m just putting the final touches to [my] directorial debut. [It's] about a French farce diamond-heist.” Although he was willing to discuss a fictional heist, he would not venture an opinion on his tax heist against California when the state is in real financial crisis.  When asked about the debut of his film, Zane laughed: “Hopefully we’ll see it shortly, I don’t know if it’ll be here, but somewhere.”

The Weight of a State Tax Lien

The Weight of a California FTB Tax Lien

If Billy Zane does not contact a tax professional like the tax experts at the Tax Resolution Institute, his California Tax Lien could be turned into a bank levy. As a result, he might not be able to show his film in the United States since it could even be seized as a possible asset, although such an asset seizure remains unlikely. Since the bill is not beyond the actor’s ability to pay it, Billy Zane should have the Tax Resolution Institute negotiate an Offer in Compromise on his tax debt and pay the delinquent tax bill off so the state tax lien can be removed. Only then, can Billy Zane avoid the tax iceberg of his nightmares and sail into the clear waters of future success as both an actor and a director.

Filed Under: Delinquent Tax Debts, Income Tax Problems, Tax Lien Problems, Tax Relief Tagged With: , , , , , , , , , , , , , , , ,

Orange County Billionaire’s Son Owes Over Two Million Dollars In Delinquent Income Taxes

May 3, 2010 By

When the California Franchise Tax Board released the annual list of the top 250 taxpayers with the highest state income tax liens, former Grand Prix Racing champion Steve Bren finished in the 18th spot. The son of billionaire Irvine Co. chairman Donald Bren, Steve and Cynthia Bren owe $2,209561.23 in personal income tax to the state of California and the state tax lien was filed on March 20, 2009. With California in a financial crush, the Franchise Tax Board is going after delinquent taxpayers with a renewed focus. By failing to contact a tax professional like the tax experts at the Tax Resolution Institute, Steve Bren allowed his private tax problem to become a public tax crisis. Now Steve Brin needs real tax relief.

STEVE BREN — NO STRANGER TO CRISIS

Steve Brin Finishes As The 18th Top Delinquent Taxpayer in California

Steve Brin Finishes As The 18th Top Delinquent Taxpayer in California

Then again, Steve Bren is no stranger to crisis, and he has put his family through their fair share of scandal in the recent past. Although Bren’s Irvine-based Bacchus Development firm billed itself as “one of the premier commercial real estate firms in Orange County, they were forced to file for Chapter 11 bankruptcy last September. In addition, bad boy Steve Brin was facing drug possession, domestic violence and trespassing charges in Malibu. Since he is turning 50 next year, Steve Brin has gone from being a bad boy to being the black mark that stains the legacy of his family name.

AN AVENUE TO SUCCESS AND TAX PROBLEMS

Steve Bren felt abandoned by his successful father as a boy, and he once told an interviewer, “We were brought up without anything — anything.” He found his own success on the car racing circuit, becoming a two-time Long Beach Grand Prix winner. Although he qualified for the Indianapolis 500, he could never find a car for a qualifying run, and the billionaire father would not support the car-racing hobby of his son. Although he briefly worked for his father, Steve Bren found his own avenue to success when he opened the Newport Auto Center luxury car dealership in 1987.

LEGAL PROBLEMS AND BUSINESS SUCCESS

The legal troubles of Steve Bren developed side-by-side with his newfound business success. He was caught with eight street-illegal Porsche Speedsters on the dealership back lot and was tagged for violating environmental laws. Eventually, the lot was sold to a company owned by billionaire Wayne Huizenga in 1994.

SYMPATHY BUT NO HELP FROM BILLIONAIRE FATHER

Billionaire Donald Bren's Son In Tax Trouble

Billionaire Donald Bren's Son In Tax Trouble

After the recent bankruptcy of Bacchus, Donald Bren announced in a statement issued by the Irvine Co: “I sympathize with Steve… like many fellow Americans, overwhelmed by these extremely challenging financial circumstances…. I wish Steve nothing but the best as he works though this very difficult period.” The father remained silent in terms of the recent criminal charges. The Malibu court sentenced Steve Brin to both domestic violence counseling and drug counseling. If he finishes those counseling programs successfully, the charges will be dropped.

PROBLEMS WITH THE CALIFORNIA FRANCHISE TAX BOARD

The same result cannot be said to be a possibility when it comes to the Franchise Tax Board. As California’s 18th most delinquent taxpayer, Steve Bren will have to find a way to cover his tax bill in order to have the state tax lien lifted. Without the removal of the lien, his financial future and business life remain in permanent limbo.

THE POSSIBLE HELP OF THE TAX RESOLUTION INSTITUTE

By relying on the tax experience and the tax expertise of a company like the Tax Resolution Institute, Steve Bren could find actual tax relief and a solution to his tax problems. Since his billionaire father clearly is not swooping in for the rescue, Steve Brin will have to reach out for professional tax help.

Filed Under: Delinquent Tax Debts, Income Tax Problems, Tax Lien Problems, Tax Relief Tagged With: , , , , , , , , , , ,

The California Franchise Tax Board Is Coming After You To Cover $18.9 Billion In Wasted Your Tax Dollars

April 15, 2010 By

If you have a tax debt in California, you should be ready to take action. With the state treasury nearly bankrupt, the California Franchise Tax Board has been directed to go after delinquent tax bills. Why is this modern witch-hunt taking place today? The state government of California squandered $18.9 billion over the past 10 years due to government waste, fraud and mismanagement. The $18.9 billion figure comes from a new California Taxpayers’ Association Research Bulletin, “A Decade of Waste, Fraud and Mismanagement,” which is based on the media’s investigative reporting, government audits, court documents and other sources of information.

California Tax Dollars Wasted

California Tax Dollars Wasted

Here are some glaring examples of the extreme waste of your tax dollars in California. The state auditor actually discovered that more than 400 state workers were improperly receiving free parking, costing the taxpayers $2.1 million. The Department of Health Services made $2.5 million worth of incorrect payments to pharmacies. In addition, they also paid $1.2 million more than it should have in Medi-Cal claims for wheelchairs and other medical equipment.

In total, the report includes 127 specific examples – and this is just the tip of the iceberg. There were another 138 cases of waste that cannot be quantified in dollars and cents. As a result, they were not included in the report.

The California state government needs to actively address the bevy of problems pointed out by auditors and investigative reporters. Every penny wasted is a penny of revenue that could be used to pay for education, public safety, improved roads and other government services that taxpayers expect.

Will Arnold Schwarzenegger address these problems by refusing to allow such wasteful spending to continue? Such spending has placed California in the current budget crisis and increased the pressure for higher state taxes. In addition, it has led to the California Franchise Tax Board removing the gloves and going after delinquent tax bills like a Salem witch hunt.

California Franchise Tax Board Witch Hunt

California Franchise Tax Board Witch Hunt

If you have a large delinquent tax bill owed to the state of California, contact the Tax Resolution Institute. It is time to take action today before that dreaded knock comes to your door in the form of a tax lien. Such tax problems with the ruthless collection officers at the California FTB will lead directly to wage garnishments and asset seizures. On account of years of wasteful spending, California is coming after you with a vengeance. Protect yourself and your financial future before it is too late.

Filed Under: Tax Relief Tagged With: , , , , , , , , , , ,

Celebrity Chef Gordon Ramsay Is Listed As One Of New York City’s Worst Delinquent Tax Payers

April 2, 2010 By

Like celebrity comic Sinbad and singer Dionne Warwick with the California Franchise Tax Board, British celebrity chef Gordon Ramsay has been named one of the city’s worst “delinquent tax payers” by officials in New York. Ramsay’s business empire has suffered in the recent economic downturn. In fact, in 2009, he was advised to file for bankruptcy because of his debt that was spiraling out of control.

The reality star of the hit Fox television show Hell’s Kitchen, managed to stave off the tax man by pumping $8 million of his own money into his businesses. Nevertheless, it seems like a last ditch bid to keep afloat the company afloat that has been hit with a series of bills and legal issues. In fact, his tax problems have become transcontinental and multi-national. Last year. British tax officials ordered the TV star to pay off a series of outstanding debts in relation to two of his restaurants in London.

Tax debts of Gordon Ramsay

Tax debts of Gordon Ramsay

Now tax officials in New York are chasing the chef for over $250,000 of tax debts after he allegedly fell behind with payments. Gordon Ramsay New York, the celebrity chef’s company, has been listed by the New York State Department of Taxation and Finance (DTF) as one of the Big Apple’s top 250 business “delinquent tax payers.” A DTF spokesperson says, “New York loses billions of dollars each year in tax revenues owed, but not collected, known as the tax gap. We aggressively address the tax gap.” A rep for Ramsay’s company responded by admitting, “There is an amount still outstanding to the New York State regarding Sales Tax. We are negotiating through our New York advisors to discharge this debt.”

If you are a successful restaurateur in Southern California and your business has been hit hard in the tough economic climate, there is a good chance that a tax crisis is just around the bend. Before you find yourself in serious trouble with a flood of bad publicity like poor Gordon Ramsay, please contact the Tax Resolution Institute. There are answers to your problems of delinquent payroll taxes and other tax issues. Unlike Gordon Ramsay, do not wait until your company’s future is placed in real jeopardy.

Filed Under: Delinquent Tax Debts, Payroll Tax Problems, Tax Relief Tagged With: , , , , , , , , ,
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