You may have read about some recent tax relief scams in the news. Although there is no doubt that a competent tax professional can be a huge asset in reducing a tax bill or resolving an outstanding tax debt, taxpayers should be aware that there are tax settlement companies out there that actually compound existing… Continue reading →
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Prison Inmate Scams IRS by Preparing False Tax Returns for Other Prisoners
An inmate held at Riverfront State Prison in Camden, New Jersey pleaded guilty to aiding and assisting in the preparation of false and fraudulent tax returns on June 27. The inmate faces three additional years in prison and a $250,000 fine at sentencing, which is scheduled for October. He admitted that he helped other inmates… Continue reading →
Potential Tax Debt for Los Angeles Religious Center
The tax-exempt Kabbalah Centre and many of its charities is being investigated by the Internal Revenue Service for financial improprieties. Many of the charities are backed and supported by celebrities. Madonna had even replaced the CEO of one of the charities, Raising Malawi. The singer later moved the charity out of the Kabbalah Centre’s office… Continue reading →
Survey Finds Financial Stress of Employees is Decreased
According to a survey by workplace financial education provider Financial Finesse, roughly 34 percent of employees reported having high to overwhelming financial stress in 2009. Since then, the percentage has dropped significantly to 21 percent in the first quarter of 2011. Financial stress was reported as higher for woman than men. While 9 percent of… Continue reading →
FAQ about the IRS Notice of Deficiency
If you received an IRS Notice of Deficiency, the following article outlines some frequently asked questions about what a ‘Notice of Deficiency’ is, what the letter states about your situation, and both how and when you should respond.
