17 07, 2018

The IRS Wants to See You Suffer!

2018-07-17T17:56:28+00:00 July 17th, 2018|Tax Resolution Experts|

In Their Resolution Outline, the IRS Ignores the Hardship Option When the IRS presents back tax resolution options to the public, why is it that IRS hardship status is not listed and an Internal Revenue Service option? In a recent official publication for taxpayers that outlines ways to resolve back taxes owed, the Internal Revenue Service ignores IRS hardship status as an option. If a taxpayer successfully claims hardship, they can either pay less than what is owed over the time the IRS has to collect (the 10-year collection statute) or possibly pay nothing by being placed into currently-not-collectible (CNC) [...]

11 06, 2018

The Taxpayer Bill of Rights Can Help You

2018-06-11T15:32:07+00:00 June 11th, 2018|Business Tax Problems, California Tax Resolution, Income Tax Problems, IRS News, IRS Tax Relief, Tax Law, Tax Resolution, Tax Resolution Experts|

Did you know that there is a Taxpayer Bill of Rights that is designed to protect you from being taken advantage of by the Internal Revenue Service? After receiving a detailed proposal from National Taxpayer Advocate Nina Olson, the IRS adopted an official Taxpayer Bill of Rights. It was a long time in coming. Moreover, do you realize that the Taxpayer Bill of Rights applies to all taxpayers in their dealings with the IRS? Grouping the existing tenets of the tax code into ten fundamental rights, the Taxpayer Bill of Rights does a good job in making an overly complex, [...]

8 05, 2018

Helping You Claim The IRS Tax Refund You Are Owed

2018-05-08T10:20:46+00:00 May 8th, 2018|Income Tax Problems, Tax Resolution Experts, Unfiled Tax Returns|

Claim the IRS tax Refund you are owed! Are you losing out on your own money by failing to claim an IRS tax refund that should already be in your pocket? In 2017, the IRS posted an informational video on YouTube called Refund: Claim It or Lose It. As a tax resolution provider backed by a full-service accountancy firm, the Tax Resolution Institute is in the unique position to help you on all fronts. Beyond cleaning up a delinquent tax mess of just filing delinquent tax returns, we also can help you claim an IRS tax refund. If [...]

13 02, 2018

IRS Offer In Compromise – What You Need To Know

2018-05-03T10:29:48+00:00 February 13th, 2018|Currently Not Collectible, IRS Tax Relief, Offer In Compromise, OIC, Tax Resolution, Tax Resolution Experts, Unpaid Back Taxes|

IRS Offer in Compromise: find out if you qualify before submitting your offer! Every taxpayer in trouble seems to want to settle for pennies on the dollar which involves doing an Offer in Compromise (OIC), but very few understand what an IRS Offer in Compromise entails. In many instances, an Offer in Compromise is not the best option, even if you qualify. To make sure that you are making the right tax resolution decision, we will detail for you the benefits and challenges of an IRS Offer in Compromise. Our goal is to help you move forward with [...]

21 11, 2017

The REAL Dynamic Duo: Your CPA & Tax Attorney vs. Your Tax Problem!

2017-11-22T09:46:35+00:00 November 21st, 2017|Tax Attorney, Tax Law, Tax Resolution|

A CPA and an Attorney make the ultimate team to conquer your IRS & State tax problems You may be wondering why we chose to write on this topic. The reason is it reinforces our basic operating principle. That is, as a comprehensive Tax Resolution firm we choose to ALWAYS have expert CPA’s AND tax attorneys on staff. With this setup, every client gets the benefit of having not only an expert accountant working on the numbers, but also a second set of eyes reviewing their case from a legal perspective. By far, this is the best approach [...]

24 10, 2017

IRS Loosens Rules to Help Ease Hurricane Hardships

2017-10-24T10:26:27+00:00 October 24th, 2017|IRS News, Tax Attorney, Tax Law, Tax Resolution Experts|

IRS rule changes to benefit hurricane victims in affected areas If you live in States such as Texas, Louisiana, Arkansas, Kentucky, or Tennessee, you know the meaning of “problems” as they relate to hurricanes. In order to ease the devastation caused by Hurricane Harvey, the IRS is allowing taxpayers to take emergency loans from their retirement plans. These hardship distributions are to be used to help hurricane victims as well as family members who were victims. This idea is not new. In fact it has been used to aid victims of earlier floods and hurricanes. We are fairly [...]

10 10, 2017

Supreme Court will NOT Review Whether IRS Must Explain Tax Notices

2017-10-10T15:02:46+00:00 October 10th, 2017|IRS News, Tax Policy News, Tax Resolution Experts|

Important Supreme Court decision on Tax Notices Yesterday the highest court in the U.S. declined to hear QinetiQ US Holdings Inc.'s challenge to a lower court ruling that held the IRS does not have to provide an explanation for issuing a notice of tax deficiency. This means that the 4th Circuit Court of Appeals decision stands. In the lower court's case Circuit Judge Barbara Milano Keenan said the following: "After reviewing QinetiQ's tax return, the Internal Revenue Service (IRS) issued a Notice of Deficiency concluding that QinetiQ had not shown its entitlement to the claimed deduction. QinetiQ later [...]

26 09, 2017

Yes It’s True…You Can Make Money by Overpaying Your Taxes?

2017-09-26T10:57:24+00:00 September 26th, 2017|IRS News, IRS Tax Relief, Tax Attorney, Tax Law, Tax Resolution, Tax Resolution Experts, Tax Resolution Services|

Full Disclosure: To be fair, you may owe more if you pay too little... As part of their never ending quest to motivate everyone to file on time and full pay their taxes on time, the IRS recently announced that their prescribed interest rates will not change for the 4th Quarter of 2017. The rates will remain at: 4% for overpayments (3% for corporations) 1-½% for the portion of corporate overpayments exceeding $10,000 4% for underpayments (6% for underpayments by large corporations) Every quarter the IRS revisits their rates. This quarter they have chosen not to make a change. These [...]

18 07, 2017

Form 945 – the absolutely essential but little known trick about “backup withholding”…

2017-07-18T13:50:17+00:00 July 18th, 2017|Bankruptcy Law, Bankruptcy Petition, IRS News, IRS Tax Relief, Tax Attorney, Tax Law|

James Quezada, Simona Quezada (plaintiffs) v. Internal Revenue Service (defendant) Tax questions? Call the Tax Resolution Institute! (818) 704-1443 In this Chapter 11 case the IRS won a judgment. The court said to the plaintiffs, the Quezada's, that "You filed your taxes wrong and it's still your responsibility to file them right. In fact there's a 'do over' and you didn't do that, either." This situation requires the use of IRS Form 945, a little-known and infrequently invoked remedy that many CPAs and Tax Attorneys even with decades of experience has never seen nor heard of. Follow this [...]

12 07, 2017

Fraudulent IRS Callers Battling with IRS Assigned “Professional” Tax Collectors!

2017-07-12T18:59:02+00:00 July 12th, 2017|IRS News, IRS Tax Relief, Tax Policy News, Tax Resolution, Tax Resolution Experts, Tax Resolution Services|

IRS warns that phone scammers are preying on people We have entered into a new and confusing landscape in which taxpayers receive fraudulent calls from robots and foreign nationals that compete with calls from recently approved tax collectors who collect on behalf of the IRS. The path forward for both taxpayers and tax professionals may be confusing, but we remain committed to providing practical advice to those in need. While fraudulent calls made by imposters may be so poorly executed that it is sometimes hard to believe that anyone falls for their tricks, the truth of the matter [...]