How to Make Deals with the IRS on Taxes Owed - Reduce Tax Debt Including Interest and Penalties!

I recently blogged about offer in compromise settlements and my guest appearance as the tax expert on Strictly Business on BlogTalkRadio ... to get a streamline installment agreement. And what they do is take the debt you owe divide it by 60 and that’ [more...]

Date: 2008-12-30 01:56:07

Blog posts (12) | Videos (10)
 

Government debt — who will pay?

“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]

Date: 2009-09-24 04:57:10

A growing financial burden By John Schenkenfelder Mr ... to revive America's economy. In the short term, we can easily justify massive tax cuts, corporate ... this nation has selfishly failed to balance its budgets and reduce debt. When the economy is back [more...]

Date: 2009-01-15 20:44:03

Rite-Aid: Bewildering Optimism

When considering a company for investment purposes, investors must be wary of managements that over promise and under deliver ... release, management noted reduced profit expectations going forward from an already negative $500 ... % EBITDA increase over prior year (as if debt, taxes, and depreciation are meaningless, all of which [more...]

Date: 2009-01-14 13:53:19

Durbin Gets a Clue

Durbin Gets a Clue Posted by HughS Published: January 10, 2009 - 7:40 PM Michael G. Franc at The Corner notes that Senator Dick Durbin ( ... , when taxpayers choose to reduce debt (and personal risk) instead of spending the money we have yet another ... trust a tax cut more than a one time stimulus payment in the same way a politician understands [more...]

Date: 2009-01-11 00:40:56

The Case for Doing Nothing About Foreclosures

Should we do nothing about the foreclosure machine? That’s the argument today from Lex at the Financial Times ... -A mortgage delinquency numbers has been the $100bn worth of Federal tax rebate cheques distributed ... - the Countrywide solution - usually leads pretty quickly to failure, but reducing the amount of debt [more...]

Date: 2008-12-10 14:30:58

Devil In Details On MTA Tax and Spend Plan

A few figures provided by the MTA should give everyone pause about just how much money can be raised by the tolling of the Harlem River and East ... with a $469 million deficit.To begin to pay down the debt, a monthly fee of $1 per account will be instituted. This fee will be dedicated to reducing the E-ZPass debt and instituting improvements [more...]

Date: 2008-12-05 15:25:00

2009 Freedom from Tax Year--A bold solution for the U.S. economy.

This is big, bold, and out of the box thinking. There is something in it for everyone to love and to hate ... their mortgage, reduce their consumer debt, eat out at a restaurant, travel, invest in their business, buy stocks [more...]

Date: 2009-01-08 16:05:27

Credit Card Settlement Can Trigger Tax

Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]

Date: 2008-09-07 00:48:44

So you can cut taxes and boost services

The following press release has just been sent out by Conservative run Hammersmith and Fulham Council in London: ... debt. More than £13 million of red tape is being cut in 2009/10 by reducing staff numbers, office space ... Grant settlement (RSG) which sets out central government funding for local authorities in 2009/10 [more...]

Date: 2008-11-26 12:18:52

IRS Help for Taxpayers Owing Back Taxes

If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]

Date: 2009-01-10 17:19:13

This Year, Resolve to Solve Your IRS Tax Problems. Let TRS Be the Special Forces Unit in Your Battle Against the IRS!

I wanted to take a moment to mention some of our remarkable client success stories from 2008. Matt C ... , but our team of expert tax attorneys, CPAs and enrolled agents were able to clear his IRS debt and lift ... you reduce your tax debt today. Visit the Tax Resolution Services web site for a free tax relief [more...]

Date: 2009-01-02 23:46:03

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