Tax Negotiation Buyer Beware Report

March 13, 2008 | Mike Habib, EA

How to compare tax relief and resolution service companies?

Customer…Beware!

How To Keep From Getting Ripped Off?

Many “Tax Negotiation” companies out there will absolutely rip you off. These unscrupulous firms will take your money regardless of whether they can help you or not. They’ll lie to you and tell you they can get all the penalties and interest wiped out. They’ll lie to you and tell you they’ll settle with the IRS for “pennies on the dollar” when they know damn well you don’t possibly qualify for the Offer in Compromise program.

How do they get away with this? Easy, most of the people you talk to at these unscrupulous firms are sales representatives. They have NO license to protect. You don’t actually speak to the EA (Enrolled Agent), the CPA (Certified Public Accountant) or the attorney that these firms claim to have. Nope, you speak to some slimy unlicensed salesman. Some of these firms make up titles like Tax Resolution Specialist, or Tax Consultant. What a scam! In fact, many of these unscrupulous firms aren’t tax firms or law firms at all, they’re just sales organizations!

Payroll taxes on bonuses and vacation pay

March 12, 2008 | Mike Habib, EA

Recurring item deduction exception allowed for payroll taxes on bonuses and vacation pay

Mike Habib, EA

myIRSTaxRelief.com

Tax audit of Exempt Organizations Non Profit Organizations

March 8, 2008 | Mike Habib, EA

Examination and Compliance Check Processes For Exempt Organizations

Mike Habib, EA

myIRSTaxRelief.com

Past due tax return what to do

March 8, 2008 | Mike Habib, EA

Help Yourself by Filing Past-Due Tax Returns

Mike Habib, EA
myIRSTaxRelief.com

Most citizens voluntarily file their tax returns and pay their taxes. Most people explain it by saying they want to pay their fair share. Others file to get a refund, claim a credit or avoid breaking the law.

Is an IRS Offer In Compromise right for you? Know your options!

February 27, 2008 | Mike Habib, EA

Direct from the IRS

Mike Habib, EA

Is an Offer in Compromise Right for You?

What is an Offer In Compromise OIC – Why you need professional representation

February 27, 2008 | Mike Habib, EA

As per the IRS Offer in Compromise

Mike Habib, EA

If taxpayers are unable to pay a tax debt in full and an installment agreement is not an option, they may be able to take advantage of an offer in compromise (OIC). Generally, an OIC should be viewed as a last resort after taxpayers have explored all other available payment options. The IRS resolves less than one percent of all balance due accounts through the OIC program.

1099 Tax Reporting Requirements Corporations, LLCs, DBAs

February 27, 2008 | Mike Habib, EA

Most common questions by corporations and other business entities on 1099 reporting requirements. Below is a direct IRS response to frequently asked question on 1099 issues.

Mike Habib, EA

IRS provides further guidance on Form 1099 reporting

IRS targets offshore bank accounts Tax Haven Abuse

February 27, 2008 | Mike Habib, EA

IRS and treaty partners target Liechtenstein accounts

Mike Habib, EA

An IRS news release reports that IRS is initiating enforcement action involving more than 100 U.S. taxpayers to ensure proper income reporting and tax payment in connection with accounts in Liechtenstein.

Tax Controversy Services

February 18, 2008 | Mike Habib, EA

As you probably know by now, I specialize in representing individuals and businesses before the IRS and any taxing authority.

Mike Habib, EA

IRS strengthened enforcement policies, along with their new and complex tax regulations, makes it essential to properly plan for and manage IRS examinations or collections efforts in a proactive manner. Applying new dispute resolution procedures and best practices is critical to managing IRS examinations or collections, resolving disputes at the earliest point, and containing administrative and tax costs. The Tax Controversy services we offer are:

IRS Tax Audit due to Tax Return Preparer Fraud

February 15, 2008 | Mike Habib, EA

Tax Return Preparer Fraud

Since I recently represented an innocent couple who were victims of Tax Return Preparer Fraud, and successfully helped them in their audit, I thought you might be interested in the info below.

Per the IRS: