Tax Relief News, Tax Resolution News

Happy Friday! Here?s a look at tax relief news headlines we reported on this week:

Tax Fraud and Tax Evasion

• A California woman, Gwen Noel Luckette, 59, pleaded guilty to filing a false 2008 tax return with excessive federal tax withholdings that inflated her tax refund to $605,692 of which she was not entitled to.
• Maria Eusebia Vega of Ceres, Calif., 51, was charged with three counts of filing false tax returns. Vega, a real estate agent and licensed mortgage broker who owned and operated Vega?s Financial Services. In April 2008, she filed false joint individual federal income tax returns for herself and her husband for tax years 2005, 2006 and 2007. On the return, Vega claimed she owed a fraction of the more than $260,000 in back taxes she actually owed over that three year period.
• Leonid Shifrin, 42, of Aurora, Colo., pleaded guilty and was sentenced to 18 months in prison for filing a false income tax return and trying to evade taxes on $4.7 million in income for tax years 2002 through 2005.

IRS Tax Relief

• 6 Common Tax Relief Myths were explained so that people, trying to resolve their IRS issues, could separate tax resolution fact from fiction. These tax relief myths covered the following topics:
  • A Substitute for Return (SFR) As the Last Word
  • Tax Extensions As a Form of Tax Relief
  • IRS Payment Plans When You Don?t Have the Money To Pay
  • Unfiled or Delinquent Tax Returns
  • Specific Dates that Trigger an IRS Audit
  • Hiring a Tax Resolution Specialist or tax attorney to Represent You

Potential Tax Problems

• E-commerce Tax Problems ? Reuters recently reported in their article Online sellers scrambling to understand new IRS 1099 form that the IRS was turning up the heat on small and side e-commerce businesses who take credit cards or electronic payments who generate more than $20,000 and more than 200 transactions. New rules requires them to collect taxes from customers and report it as income on their yearly tax return. Financial institutions that process the electronic payments will generate Form 1099-K?s and to report the company?s information to the IRS. These new reporting requirements have the potential to increase small business audits for unpaid sales tax and create chaos for small and side business owners as they scramble to understand the complex tax code.

Tax Scam/Identity Theft Warning from the Better Business Bureau

• This week the Better Business Bureau (BBB) warned taxpayers who filed online about an official looking email making the rounds that appears to come from the IRS with the subject line: your federal tax bank transfer failed. The ?From? line included another email. Anyone clicking on this link is routed to a fake account number and urged to click on a Word attachment supposedly containing the details of the failed transfer. The Word attachment is really a computer virus. Here are some tax help tips the BBB wants consumers to know:
  • Don?t click any attachments or links. If you did be sure to run a virus scan on your computer.
  • The IRS does not send e-mails asking you to share financial or personal information.
  • If you receive this email or another suspicious IRS email, forward the message to Report-Phishing at the irs.gov website IMMEDIATELY.

Next week: the Tax Man returns with more tax help videos, so stay tuned!? For additional tax help news and information, visit the Tax Resolution Services You Tube channel.

Have a great weekend!

More Tax Help, IRS News and Tax Relief Tips:

1. Treasury Proposes Multilateral Agreement for Offshore Compliance
2. Delinquent and Unfiled Tax Returns? 8 Steps to Resolving Them
3. Tax Resolution Expert-Five Reasons to Hire One
4. Tax Resolution Services Offers Returning Veterans Free Tax Advice
5. New Offer in Compromise Policies Bring Tax Relief

Tags: Back Taxes, certified tax resolution specialist, delinquent tax returns, IRS audit, IRS Payment Plans, substitute for return, tax attorney, tax help, tax relief

This entry was posted on Friday, October 12th, 2012 at 2:35 pm and is filed under 365 Ways to Keep the IRS at Bay, Filing Unfiled Returns and Replacing Substitute for Ret, IRS payment plan, IRS tax audit, Tax Relief News, Unfiled Returns - Delinquent Tax Returns, tax help, tax resolution. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: http://www.taxresolution.com/blog/tax-relief-weekly-news-round-up-6/

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