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Back Taxes Land a Pro Golfer in Jail
There Are No Mulligans with the IRS Golfer Jim Thorpe has an impressive track record on the green. According to the Professional Golfers’ Association of America (PGA), he has 13 PGA Tour Champions victories on his record, alongside several other first-place wins and a whopping 100 top-10 finishes! Yet, there is one opponent Thorpe never managed to beat: The IRS. In the early 2000s, the agency went after Thorpe for three years of unpaid personal income taxes totaling more than
The IRS Nails the ‘Prince of Darkness’
The Osbournes Caught In The Act by the IRS! Before reality TV landed “The Kardashians,” it had “The Osbournes,” an MTV show that ran from 2002–2005 and starred Black Sabbath singer Ozzy Osbourne, his wife Sharon, and their children Kelly and Jack. The show was packed with family drama, financial battles, and addiction issues, none of which ended when it went off the air. In 2011, fans of “The Osbournes” likely weren’t surprised to discover the celebrities were locked in
Success For A Secret Gambler ($93,000 Savings)
We Saved Our Client Over $93,000! I don’t recommend hiding things from your tax resolution specialist. It’s dangerous to keep financial secrets when I’m trying to save you money, because the IRS will probably uncover them! Very rarely, a client’s case has a happy ending despite this mistake — and that’s exactly what happened for a man I’ll call Todd. Todd owns a construction company, and when he came to me, he owed the IRS $96,000 from more than five
We Saved a Trucker From the IRS: $390,000 OF DEBT, GONE!
Cincinnati Tax Resolution’s first radio ad hit the airwaves four years ago. I was incredibly nervous about it. Radio slots aren’t cheap, and I’d gambled on a 16-week campaign! On the day of that first ad, I was trying not to think about the radio money when my office phone rang. It was a self-employed truck driver with $400,000 in IRS debt. When I asked how he’d found me, he said seven magic words: “I just heard you on the
IRS ENFORCEMENT IS ABOUT TO DOUBLE!
ARE YOUR FRIENDS AND FAMILY READY? I have bad news: The IRS is getting bigger. The Inflation Reduction Act, which passed Congress this summer, included an $80 billion budget increase for the IRS over the next 10 years. Worse, according to CNBC, more than $45 billion of that boost will go toward enforcement. The IRS could also add as many as 85,000 new staff members — including enforcement agents. You know what this means, right? If there are more agents
Everything You Need to Know About Filing your Taxes
Filing taxes can be a daunting task for many individuals, but it is a necessary part of managing your personal finances. In this article, we will cover everything you need to know about filing taxes. Know Your Filing Status Your filing status is an important consideration when filing taxes. There are five filing statuses: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child. Each status has different tax brackets and deduction limits. Choose
What is Tax Resolution & How Can It Help You During the 2024 Tax Season?
Tax season can be an unpleasant time of year for a lot of taxpayers, especially if you owe money to the IRS or State. The one thing you can do is, be proactive, prepared, and engage a tax resolution specialist to help guide you. If you owe back taxes to the IRS, then read every word in this article very carefully because what you do next can impact your financial stability and peace of mind. Today I am going to
What is a Federal Tax Lien Notice & What Should You Do If You Receive One?
Ignoring your obligation to pay taxes can lead the federal government to conduct severe legal action against all of your existing assets, current and future income and assets you acquire in the future; this form of punishment is called a federal tax lien. If you’ve received a certified letter indicating that the federal government has placed an unwelcome Federal ‘tax lien’ on your assets, this article can provide insights into what it means and how to remedy the issue. What
