Joe Kristan reports that J.K. Harris, the most egregious of the many penny-on-the-dollar tax resolution companies, is about to file for bankruptcy protection to forestall a government seizure of it’s business: One of the late-night tax settlement outfits has found a way to make good on its “pennies on the dollars” pitch. The Charleston Post [...]
Tags: News · Offers in Compromise · Tax Collections
WebCPA reports that the IRS has filed a $34,662 tax lien against former child star Corey Feldman’s company: The lien was filed in Los Angeles against Corey Feldman Inc., according to the Detroit News. Feldman, 40, starred in several hit movies in the 1980s, including “The Lost Boys” and “License to Drive,” with the late actor [...]
Tags: IRS Liens and Levies · News · Tax Collections
You remember Cindy Sheehan, don’t you? She is the proud soldier’s mother who remained silent about President Bush and the Iraq war as long as it was the sons of other mothers who died in battle, but then, when her own son died in battle, immediately began a public campaign opposing the war and calling President Bush a war criminal and a murderer.¹ [...]
Tags: IRS Liens and Levies · News · Politics · Politics of Taxes · Tax Collections · Tax Crimes
The tax gap – the difference between what taxpayers’ should pay to the IRS every year and what they actually pay – is estimated to be about $300 billion a year. Karen Hube writing for the Washington Post confirms what we have reported here: The IRS is stepping up its enforcement activities (emphasis is mine): [...]
Tags: IRS Audits · Tax Collections
The Senate Committee on Finance is holding a hearing today in the Dirksen Building on Complexity and the Tax Gap: Making Tax Compliance Easier and Collecting What’s Due. I am watching it live now and will report on it later. I know, I know. You’re envious of my life. Bookmark & Share:
Tags: IRS procedure · Legislative Watch · Tax Collections
Eva Rosenberg of SmartMoney has an excellent article today about why you should avoid tax relief firms like Roni Deutch, Tax Masters and J.K. Harris: Let’s look at recent court cases filed against television and radio advertisers, preying on your fears, your insecurities, and your tax terrors. All cases involve national tax resolution firms who have [...]
Tags: Tax Collections · Tax Tips
I have a client who told me he fired an employee who had been stealing supplies from him. The employee then proceeded to post on an Internet complaint site dozens of anonymous false allegations about his business using a variety of pseudonyms to make it appear that there were several aggrieved customers. My client was forced to close down his [...]
Tags: IRS Audits · Tax Collections
