Offer in Compromise Saves Client Over $95,000! The Offer in Compromise is an excellent tax settlement option for a delinquent taxpayer who meets the specific qualifying criteria set forth by the IRS. Such was the case for Professional Tax Resolution client, Mr. F. Not only did he have an outstanding tax liability, but the specific… Continue reading →
The Blog
Choose Your Tax Preparer Wisely
Choose Your Tax Preparer Wisely Choose Your Tax Preparer Wisely: With over half of all taxpayers enlisting the services of a tax preparer, tax preparation has become a major industry. This being the case, the selection of a reputable tax preparer is a task at hand for many at this time of year. Although the… Continue reading →
Back Tax Issues Resolved Through the Filing of Delinquent Returns
Back Tax Issues Resolved Through the Filing of Delinquent Returns – By the time Mr. P contacted Professional Tax Resolution, he had already had multiple years of delinquent tax returns prepared by another tax settlement firm. However, because the returns were sloppily prepared, they showed him owing a sizable back tax balance. While the returns… Continue reading →
IRS Becoming Aggressive About Offshore Tax Evasion
IRS Becoming Aggressive About Offshore Tax Evasion One problem the IRS has to tackle is that of United States taxpayers who dodge paying taxes by placing their funds in offshore accounts and then failing to report them. In the last several years, the IRS has made it clear that this is breaking the law and… Continue reading →
150k in Trust Fund Penalties and Income Tax Debt Reduced to $1,000
150k in Trust Fund Penalties and Income Tax Debt Reduced to $1,000 Mr. C had multiple financial problems that came together to create a perfect financial storm. In addition to mounting medical expenses associated with a serious chronic health issue, he had numerous financial problems were the result of failing to meet his business tax… Continue reading →
Successful Outcome for a Three Year Tax Settlement Case
Successful Outcome for a Three Year Tax Settlement Case Mr. H, a self-employed, divorced father, came to Professional Tax Resolution for help with a number of different tax issues. Due to poor tax planning and ignoring his tax obligations, he had accumulated a tax debt of almost $100,000 over a period of five years. On… Continue reading →
