Recovery Act provides Americans with $288 billion in tax relief

On Tuesday April 13th, Congressman John Garamendi (D-Walnut Creek) hosted a discussion on the House Floor about tax relief for the middle class. He was joined by Congressman Paul Tonko (D-New York), Congressman Steve Kagen (D-Wisconsin), and Congresswoman Betty Sutton (D-Ohio).



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What Can You Do When The IRS Refuses Your Tax Debt Settlement?

It Sounded so good... Getting your IRS tax debt settled for a lesser amount, also known as an Offer in Compromise is the most difficult process to deal with an IRS debt. If only 2% of all applicants actually get approved then why do so many people try to get a tax settlement?

Too good in fact... It does sound like the perfect solution to a serious problem. If the commercials on TV are to be believed you can settle a $100,000 tax debt for $5,000. Also those same companies you see on TV "guarantee" that you'll get an Offer in Compromise. What they don't tell you is how difficult the process is.

Waiting and waiting... An IRS tax debt settlement can take a while to go through the IRS system. In fact it can take up to a year or more while the IRS reviews your case before they make a determination. That's a long time to hold your breath and hoping for the best.

As a former IRS-Hitman I can tell you that the hope of getting your debt settled for "pennies on the dollar" is holding onto false hope.

The disappointing truth... But you tried to get an Offer in Compromise and the IRS came back to you after a year, only to tell you that your tax settlement has been denied and you still owe the full amount of your tax debt. Oh, and by the way...during the year that your case was pending your debt was getting interest and penalties added on. So now your debt is even higher than when you started. What can you do now? You know you can't pay off this full debt, but the IRS thinks you can, and when an IRS-Hitman believes you can pay there's no way to change his mind.

Your next step... You can appeal the IRS's decision, but if they already denied you once, you really don't have much of a leg to stand on in an appeal process.

Did you try to work with the IRS on your own, or did you hire a tax professional to negotiate with the IRS on your behalf? If you didn't use a tax professional you may consider hiring one if you intend to appeal.

Don't give up... But what if you've tried all that and the IRS is still telling you that you can not settle your tax debt for a lesser amount. Well, there are other options...but you're going to have to pay off the full debt amount. The key is to work with the IRS to come up with a solution, and not wait for the IRS to decide on a solution for you!

Because when the IRS decides for you they will start aggressive collection action. What is aggressive collection action? Wage levies, bank levies, seizure of property, and credit liens.

Now you have the smoking gun...Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips to get you tax debt settled one and for all with the IRS. Visit at: http://www.irs-tax-settlement-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058

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IRS Tax Is Illegal - No Tax Law Exists!!

Federal Reserve and IRS are both private corporations! Check in your phone book, they are listed in white pages!



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How Tax Relief Can Help The Small Business

If you own a small business you know that there are many things in a expenses that you need to deal with in order to keep it running and for it to become profitable in short amount of time. And just like those that are employed, you need to consider your taxes and what you may owe as well. While no one likes to do this, it is important that you report your income correctly so that you don't get a visit from your local tax office. However, you may also want to consider how tax relief can aid your small business.

While many people think of tax relief as involving lawyers as well as deals, tax relief can also be as simple as going through your various business expenses on monthly basis and ensuring that you keep the receipts and check your accountant if you're not sure.

The reason for this is that tax deductions are a form of relief as well. However where many people have issues is deciding on what can be deducted and what cannot. Typically, business expenses such as phone, Internet and lunch meetings can be deducted. You can also deduct travel expenses as well as fuel costs provided you use your car solely for the purposes of business.

Something else you want to consider is that you want to make sure that you keep the receipts of even small business related items such as pens, pencils and printer paper. Remember that anything you need to buy that is related to your business to help run can be deducted. By doing this carefully, you'll find that your tax bill is much less at the end of the year.

Learn more by going to tax relief

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Tax Court Ruling Helps Innocent Spouses in Tax Disputes

Money has often been the central issue of fights with couples. Married couples have often run into the worst of all money issues - tax problems. When a marriage fails, an "innocent spouse" can often be left holding the bag. The IRS has slowly, but surely, started implementing procedures to grant relief to the spouses. Now a tax court has bolstered the effort.

Marriage is a wonderful thing until it isn't. Unfortunately, statistics reveal that more than a few of them don't last. When marriages end in divorce, the proceedings are often acrimonious given the emotions involved. From a financial perspective, the issue of taxes is something that often isn't considered fully and it can really come back to haunt one of the parties to the divorce.

A married couple usually files taxes "jointly". This seems intellectually obvious at the time of filing since, well, they are married after all! The term, however, has major tax implications. The term "jointly" doesn't so much refer to the fact they are married as it refers to the fact that they are jointly verifying the tax information reported and the duty to pay the taxes for the time period in question.

As you might imagine, this can lead to problems down the road when tax issues arise. If the IRS determines taxes, penalties and interest are owed at a later date, both spouses are jointly responsible for the debt. This doesn't really matter if the couple is together, but it can be a major nightmare if a divorce has occurred as the debt is often used as a weapon by one spouse or the other.

The 'innocent spouse" doctrine was created to deal with this situation. It essentially says that a spouse is not jointly liable for the debt in question if they can prove a few things. This includes that the signing spouse did not know of the error in the tax return when they signed it and to hold them jointly liable for the debt would be inequitable. This relief can be granted only if the innocent spouse makes the request within two years of the IRS starting collection efforts.

The problem with the rule is the innocent spouse often wasn't aware there was a collection effort. The two year period would roll by and the spouse would end up being stuck with a debt that hadn't known even existed. A tax court has now granted relief in this situation. While the IRS is sticking to the rule, the tax court has now established that it will review cases on its own to determine if the two year limit should be enforced or not. This essentially takes the power out of the hands of the IRS and helps innocent spouses who were otherwise getting a raw deal.

How will the IRS react to this ruling? The agency appears to be receptive to it and has indicated it will soften its view of the time cut off as a weapon to be used against claims from innocent spouses. Whether this translates to real action is yet to be seen.

Richard A. Chapo writes about fighting the IRS other issues related to taxes for BusinessTaxRecovery.com.

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4-17-10 Tax Relief Party

4th Annual TRP held at the Southold American Legion Hall



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Solving Your IRS Debt - How To Find The Right Tax Relief

Final Answer? So you've got a tax issue but have no idea what company is the best. You've seen tons of commercials and hundreds of advertisements, but you just don't know who to choose. Here's a few helpful hints on how to get you with the company that best suits your needs.

The Phonies. Beware of the companies that tell you they will settle your tax debt for "Pennies on the Dollar." These guys will take your money and submit your paperwork for an Offer in Compromise, knowing that you're not going to qualify. Make sure you know the best possible route for your situation, so you can know how to avoid getting scammed. The reason the IRS only accepts 3% of the Offer in Compromise cases is because these companies don't really know what they're doing.

Skeletons in the Closet. When selecting a company, it's important to know who you're dealing with. Research with the Better Business Bureau can be a major factor in determining the company that is best for you. However, being a member of the BBB means that you can sweep some mistakes under the rug. You're next step is to double-check these places with Dun and Bradstreet or the Chamber of Commerce.

Smokes and Mirrors. Hundreds of thousands of American Taxpayers all over the country are experiencing debt issues with the IRS. So it would be ridiculous to think that one way is best for everyone. There is no magic formula for settling IRS tax debts. Everyone's situation is different and should be carefully analyzed before a resolution is planned. Check out some of these programs to see if you qualify:

· Offer in Compromise (Lower your debt amount and settle for less!)

· Installment Agreement (A solid, steady way of paying back your debts)

· Currently Not Collectable (Prove you don't have it and they can't take it)

· Affordable Payment Plan (Pay as you go, comfortably and affordably)

The Real Deal. Crooked companies with empty promises and costly gimmicks are waiting around every corner to strike you, the innocent tax payer. Don't let that happen! The real solution is education. Learn the nuts and bolts of an OIC, Installment Agreement, CNC, and APP before you call a tax relief company. Knowledge is power!

Do it now! Ultimately, the only way you're going to solve your tax issue is to attack it with full force. You want to have confidence in the company that will be leading you to victory.

Now you have the smoking gun...Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He has partnered with Tax Defense Network to offer free advice and tips to get you tax debt settled one and for all with the IRS. Visit at: http://www.irs-tax-settlement-hq.com Contact: http://www.taxdefensenetwork.com or call 1-888-248-9058

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