Tax Relief Companies

There are individual voices and there is the country’s law. Collective voices can re-write laws, but an individual cannot break laws. Tax laws must be complied with because, unless they are enforced, it will lead to anarchy.Many taxpayers try to avoid paying taxes because they do not believe in taxes. Their opinion might be based…

It is important for taxpayers to know that the IRS charges penalties and interest on any amount of tax debt that remains to be paid. That holds true for taxpayers that have qualified for tax debt payment plans. The reason the IRS charges penalties on tax debt is simple: the IRS wants taxpayers to pay…

There are various penalties that the IRS charges for the different kinds of tax non-compliance. The amount of penalties charged largely depends on the severity of the non-compliance. But taxpayers can avoid paying penalties in certain cases. To induce the IRS to forgive a penalty or reduce its amount, taxpayers need to convince the IRS…

The IRS charges penalty for non-compliance to encourage taxpayers to comply with the tax laws. The penalty for non-compliance varies depending on the gravity of the non-compliance. In some cases, it can be as high as 75 percent. Late filing of taxes, non-payment of taxes, tax fraud cases and tax evasion are some of the…

Tax resolution companies provide essential support to taxpayers who find it difficult to resolve their tax problems themselves. Legitimate tax resolution companies offer honest services, but there are many fraudulent tax services that are only after taxpayers’ money. When taxpayers hire a legitimate tax service, they receive assistance in the preparation, representation and negotiation of…

Even though most tax resolution companies provide honest services, there are some that use the mask of tax resolution to take money from taxpayers looking for resolution of tax problems. Recently, many fraudulent tax companies were exposed. Most of them used deceptive advertising that gave false hopes to taxpayers, especially of tax debt reduction. They…

While some citizens try to evade taxes illegally, others find loopholes in the tax code to legally minimize their tax bill. Many companies and  individual citizens evade taxes by hiding money in tax havens. This unaccounted money totals to billions of dollars of lost tax revenue each year. Even though the IRS has been trying…

To target tax evasion, the IRS has targeted tax havens on one hand and encouraged voluntary disclosure of evaded taxes on the other. Switzerland, a country well-known for allowing secrecy in financial institutions, was asked by the IRS under Foreign Account Tax Compliance Act (FATCA)  to share financial details of U.S. taxpayers and introduce transparency…

There are various methods  scammers use to defraud both taxpayers and the IRS. Most taxpayers have heard about identity theft, phishing and return preparer fraud. These three are the most widespread tax frauds. Tax fraud is usually conducted by scammers posing as a reputable institution such as the IRS or well-known bank.Scammers tempt, threaten, panic…

Although most tax return preparers are honest and perform their duties professionally, there are some return preparers who dupe taxpayers by filing false tax preparer returns either with the taxpayer’s consent or without it. Some fraudulent return preparers influence and persuade taxpayers to use false income figures or false deductions to receive exaggerated tax refunds….