Something Fishy is Found in Seafood Executive’s Tax Returns

Jack Ventola of Ipswich, MA, owner of a major seafood processing company, was indicted on three counts of filing false tax returns stemming from charges that he failed to pay taxes on more than $2 million in income earned between 2006-2009. According the U.S. Attorney’s Office, Ventola worked with an unnamed co-conspirator to funnel money […]

Failing to Pay Payroll Taxes: Penalties and What You Can Do

Failing to withhold and pay payroll taxes for your company’s employees can be a serious and costly mistake. The Internal Revenue Service, or IRS, provides potentially serious civil and criminal penalties for people who are responsible for withholding and paying the payroll taxes that are owed for their employees, including the potential for significant civil […]

Al Sharpton’s Tax Debt. Tax Liens, Levies and Resolution.

  Well-known civil rights activist Al Sharpton has made headlines for years both for his politics as well as for the fact that he owes an estimated $3.7 million in back taxes to the Internal Revenue Service, or IRS. While the IRS has placed a series of tax liens against Mr. Sharpton’s various businesses and […]

How back taxes could be eliminated without penalizing wages

Getting letters and phone calls from the Internal Revenue Service (IRS) is unnerving.  They are not exactly known for congeniality, and the burden is on the taxpayer to prove any discrepancies.  For those who have fallen behind on their taxes, it can be uncomfortable picking up the phone to call them…after all it is the […]

I received a Notice of Federal Tax Lien via certified mail for unpaid taxes and I’m scared and don’t know what to do. How do I get this situation resolved?

A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside.  Since a federal tax lien is public record the Lien filing is also reflected on your credit report.  It is notice to all your other creditors that the IRS has a secured interest in […]

I owe a lot in back taxes. I’m constantly getting threatening letters from the IRS. This has become a big problem that I have no idea how to solve. Can you help me?

Answer:  For what it’s worth, take some comfort in knowing that you are not alone. There are millions of Americans in similar situations, dealing with debt hanging over their heads and concerned about how it will affect their future. The good news: You have many options.  To fully understand and take advantage of your options, […]

Want the IRS off your Back? … Here is the 6 step plan.

 “Roadmap to Resolution”   WHAT TO EXPECT WHEN RESOLVING YOUR TAX DEBT… Many of our clients who retain our tax relief services are interested in knowing two things:  One, can you settle this for less than I owe? And two, how long will this take? Upon retaining our firm to resolve your tax issue, some of the […]

FBARs ? Why would I care about FBARs

Failing to File FBARs and Potential IRS Problems Many individuals and businesses hold interests in foreign bank accounts or have signatory authority over them. For those that do, the IRS requires that they file the Financial Crimes Enforcement Network Form 114, Report of Foreign Bank and Financial Accounts, or FBAR. This reporting is required when […]

How do I know whether the Offer in Compromise or Installment Agreement is right for me?

Question: If I own a lot in back taxes to the IRS, how do I know whether the Offer in Compromise or Installment Agreement is right for me? Who determines which option is best?   Answer: Thanks for your great questions, and congratulations on beginning the process of tackling your tax debt head on.  Ultimately, […]

The Melissa Gilbert Tax Case and Methods for Tax Resolution

  Actress Melissa Gilbert, well-known for her role playing Laura Ingalls on Little House on the Prairie, made headlines in 2015 for both announcing her run for Congress in Michigan as well as for reportedly owing the Internal Revenue Service, or IRS, $360,000 in unpaid taxes. Ms. Gilbert’s tax woes hit the news in June […]