By April 15, 2010, 84 percent of Americans filed their tax returns on time. That means 16 percent didn’t. That omission translates to a figure somewhere near $345 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of [...]

Peter was a silent partner who had invested in a business that had failed some ten years earlier. Due to an incompetent business partner who mismanaged the business, payroll taxes were left unpaid that Peter did not become aware of until many years later when the IRS came knocking at his door. Because the business [...]

Stephen was suffering tremendous anxiety. His business had filed bankruptcy many years ago and both the IRS and MA DOR had assessed some unpaid business payroll taxes against him personally. He was stressed out and wanted the problem to just go away. Stephen also desperately wanted to buy a house and knew any tax problem [...]

Jill was depressed and upset, she had lost both of her parents within the last two years. The IRS was now claiming her deceased mother owed over $40,000 in unpaid taxes. She could not believe what was happening! While she was still in mourning, the IRS threatened to seize her mother’s house – where her [...]

Jim had not filed returns for seven years. He was petrified of what lay in store for him with the IRS. Fortunately, the IRS had not caught up to him yet but it was only a matter of time before they would. Our firm worked to organize his business records and prepare a set of [...]

Rosemary hadn’t filed returns in quite a few years and she knew she had a serious problem. She knew it was time to straighten out her financial life. Fortunately, the IRS hadn’t caught up to her yet. Our firm worked to get all Rosemary’s returns prepared and filed and then negotiated an Offer In Compromise [...]

Art was experiencing cash flow problems in his business. He believed in his heart that things would turn around and that his problem was only temporary. Unfortunately, his cash flow problems only got worse. His business just wasn’t making it. To alleviate this “temporary” cash flow problem, Art started borrowing from the IRS bank (ie. [...]