Tune in to Strictly Business on BlogTalkRadio.com on Thursday, December 4 at 12:00 PM to learn about what you can do if you are a business owner or individual struggling to overcome your tax burdens.

Stop looking over your shoulder in fear of the IRS! Obtain the knowledge to be proactive in finding solutions to break free from the crushing burden of financial woe.

I will be discussing
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Vitali Popkov, a 31-year-old Georgian national living in Morrow, Ohio, pleaded guilty to one count of committing income tax evasion and one count of aiding and abetting marriage fraud.

Popkov admitted that he operated Mirage Cleaning Services of Cincinnati from September 2003 to December 2007. His company contracted with area businesses and hotels to provide cleaning services.

From January 2004 to December 2007, Popkov paid wages totaling $2.7 million to his employees
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Robert A. Huff was sentenced to six months in prison, to be followed by one year of supervised release, for failing to file a 2001 tax return. Huff in 2001 and 2002 was self-employed in various real estate business activities in the greater Cleveland, Ohio, area. In his written plea agreement, Huff acknowledged that he had gross receipts of approximately $283,142 in 2001 and $405,064 in 2002 and that he
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Every month I choose a very special Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business. 

 This month’s Client Of The Month is Jessika Cardinahl. 

Ms. Cardinahl owed close to $105,000, to the IRS when she contacted us. Our Tax Professionals negotiated a $900.00 (that’s right…Nine Hundred!) Offer In
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The IRS has is reportedly going after the relatives of Holocaust survivors and refugees who hid money in Switzerland before World War II broke out.

Reports out of Zurich indicate the Swiss government has agreed to give the IRS information about some overseas accounts for people trying to avoid U.S. banking laws. The development stems from a U.S. Justice Department investigation of UBS’ alleged courting of wealthy Americans
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A Virginia man may be headed back to prison for tax evasion.

Richard C. Menner, 48, of Glen Allen, Va., was convicted on five counts of filing a false federal tax return and one count of obstruction of justice following a three-day jury trial.

Menner was previously convicted in federal court in 1998 on five counts of failing to file his individual income tax returns for tax years 1991 through 1995 after
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Earlier this month, I discussed financial planning and tax strategies for alleviating potential IRS tax increases on Financial Lifeline Radio with Dave Harbison and John March.

For 2008 tax planning, the most important thing to do is income and deduction management. That is, try and shift as much income as you can into 2009. Now if you’re a wage earner, that is kind of hard.

But if
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There are actually only 3 persons permitted to practice before the IRS - represent taxpayers at Appeal Hearings, Audits and Appeals that are held administratively and in the civil arena (per IRS Circular 230).

Those three persons are an Attorney, CPA or Enrolled Agent (EA). Certified Actuaries can also represent taxpayers in some cases.

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A recent article on MSN talks about how The Emergency Economic Stabilization Act of 2008 includes several tax breaks that could help you. Sure, the $700 billion measure is directed at rescuing the nation’s devastated financial system, but it may also offer a little help to the average American.

Many of the provisions extend, as expected, tax breaks that had expired at the end of 2007. Others provide disaster
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The filing deadlines, regarding the 2008 tax year, for small businesses are as follows:

April 15, 2009 for sole proprietors that are reported on a Schedule C or Form 1040
April 15, 2009 for LLCs and Partnerships
March 15, 2009 for corporations that file Form 1120 or 1120S

If you need to file for an extension, keep in mind that an extension of time to file is NOT an extension of time
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Jon Wilk, 48, of Wakefield, R.I., pleaded guilty to income tax evasion, admitting he failed to report about $648,000 in income from his masonry company. Wilk tried to conceal his income by converting business checks to cash, getting paid personally, and depositing customer checks into his girlfriend’s bank account. In addition, in 2004, Wilk asked clients to make checks out to him personally rather than to the business. He faces
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Please check out my guest article featured on The Wandering Tax Pro. I love contributing to this special series that features the best-of-the-best tax advice on the web.

TWTP’s Robert D. Flach is a tax expert who scours the web for great articles on personal finance and other blogs or resources that would be of interest to tax professionals. So please wander over there to read about “ [Read More]

Question: What’s the saying? When your friend loses his job, it’s a recession. When you lose yours, it’s a depression. Well, it’s a depression — and it’s worse because I owe a substantial amount in taxes. I feel hopeless. What can I do?

Answer:  First of all, you aren’t alone. In fact — and this is tragic — as the economy worsens, there may be many more people in positions just
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I was recently interviewed on CNN Radio Marketplace and discussed an IRS policy that helps taxpayers who are experiencing financial hardship.

In this nation’s weak economy, a lot more taxpayers won’t have the money to shell out what they owe to Uncle Sam. If you’re in this boat and unable to pay your tax liability, you should call the IRS and work with them to have your account
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Former Parsippany-Troy Hills (N.J.) Board of Education member John J. Montefusco Jr. was sentenced to three years of probation for willfully filing a false tax return, admitting that he failed to report approximately $159,000 in income on his 2003 federal tax return.

Montefusco pleaded guilty to one count of a three-count criminal information charging him with willfully subscribing to a false tax return.

At his plea hearing, Montefusco admitted that in or
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