StopIRSDebt.com in The News IRS News made Newsworthy
Press Releases In the Headlines
Our IRS news team is hard at work bringing media outlets articles that count! We hope to better educate taxpayers about tax relief and create an on-going discussion on relevant topics. Below are a few of our current articles in the media. Check back often for updates!
Feb 8th, 2012
Experienced tax debt relief firm offers clients assistance with new year resolutions, helping them resolve tax debt.
The tax professionals at StopIRSDebt.com have helped thousands of people resolve a variety of tax debt issues ranging from wage garnishments and bank levies to FBAR and offshore account compliance issues. A common resolution people make at the new year is to fix their finances. For many people, the financial issues revolve around tax debt and the crippling impact resulting from that debt…(Full Article)
Jan 20th, 2012
IRS is Offering Foreign Account Holders a Third Chance to Avoid Criminal Prosecution
StopIRSDebt.com, experienced tax debt relief firm, encourages owners with undisclosed offshore accounts to take advantage of the third round of Offshore Voluntary Disclosure Program (OVDP) announced by the IRS on January 9. The current program, unlike the previous initiatives (OVDI) in 2009 and 2011, does not have a set expiration date, so taxpayers should act quickly to take advantage of the latest program…(Full Article)
Oct. 4, 2011
Let Uncle Sam Assist with Higher Education Costs
It is back to school season and in a down economy, taking advantage of tax deductions may be one way to get back by going to school on Uncle Sam. StopIRSDebt.com encourages parents and students to save receipts and records to take full advantage of various education-related tax breaks….(Full Article)
Sept. 22, 2011
Minimize the Impact of an IRS Levy on Your Family
Tax debt accumulates in a variety of ways, but when taxpayer actions, or in this case, inaction, results in a levy, one thing all taxpayers can agree on is that the result can be crippling. For a growing number of clients of StopIRSDebt.com, reversing bank levies are not only saving them money, but bringing security back to their families…(Full Article)
Aug 24, 2011
Tax Relief Hints from StopIRSDebt to Minimize the Burden of a Job Loss
StopIRSDebt.com offers tips and reminders to American taxpayers who find themselves out of a job in this tough economic environment. These basic reminders can reduce tax liability and prevent the burden of a tax bill too large to pay come April 15…(Full Article)
Aug 4, 2011
Common IRS Misconceptions Leave Many Seeking Tax Relief
StopIRSDebt.com, experienced tax debt relief firm, shares a simple reminder to Americans about IRS extensions. Extensions, like the automatic extension provided to taxpayers abroad who missed the June 15 deadline to file their 2010 federal income tax returns, does not mean you have an extension to pay any taxes owed…(Full Article)
July 14, 2011
Offshore Hide and Seek with the IRS is Coming to an End
StopIRSDebt.com, experienced tax debt relief firm, stresses the importance of meeting the August 31, 2011 filing deadline for the 2011 Offshore Voluntary Disclosure Initiative (OVDI). With the goal of bringing offshore money back into the U.S. tax system, this initiative offers benefits to encourage taxpayers who have undisclosed foreign accounts to become compliant with U.S. tax laws…(Full Article)
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Penny S. from Michigan
Total Savings: $3,500,000
Yes, she saved a lot of 0000's. But not everyone will float out of harm's way. If you owe the IRS back taxes, remember to accurately file your returns.... Read more
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Arthur D. from Virginia
Total Savings: $383,916
Did he really save $383,916? Yes, he really did. And then some. Arthur D. had ignored his tax obligations for over ten years when he contacted our firm, and had...... Read more
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John S. from Delaware
Total Savings: $537,480
He saved over $500,000! Like a tiger, tax debts are hungry predators. Not only do they grow quickly, but they sneak up fast and without warning, inflicting an incredible amount...... Read more
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Steven G. from California
Total Savings: $2,200,000
StopIRSDebt.com compiled all the records of account, assembled all the bookkeeping, and filed the years to bring him compliant, which reduced the balance owed to $440,000. This initially saved the taxpayer $1,838,000.... Read more
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Solon M. from Connecticut
Total Savings: $119,000
StopIRSDebt.com prepared a state Offer in Compromise which was accepted for $56,000 on the sales tax liability of $175,000. The balance was then structured for repayment over 60 months at $942.60 per month.... Read more
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Ashraf I. from Texas
Total Savings: $444,845
He saved $444,845 after our audit representation! Sometimes, good things happen to good people in bad situations. Like Ashraf I. He was diligently running his company when the IRS audited...... Read more
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Michael K. from Minnesota
Total Savings: $178,216
StopIRSDebt.com prepared an Offer in Compromise which was accepted for $5,000 on the $183,216 individual income tax liability... Read more
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Sedalia W. from Oregon
Total Savings: $48,971
StopIRSDebt.com completed 1040X Amended U.S & OR tax returns. Reduced client’s balance to the IRS from $43,176 to $10,316... Read more
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Vincent G. from California
Total Savings: $30,000
StopIRSDebt.com released Vincent's monthly wage garnishment and negotiated a partial pay installment agreement of $100 per month on a $40,000 tax liability. The taxpayer saved about $30,000... Read more
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Ibrahim A. from Texas
Avoided FBAR PENALTIES
Ibrahim A. had several bank accounts overseas, and needed representation badly in order to avoid any criminal proceedings against him. Although the client came in too late for the 2008 Offshore Disclosure Program (OVDI), StopIRSDebt.com was able to qualify him...... Read more
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David H. from California
Total Savings: 50% Off!
StopIRSDebt.com worked with the IRS Appeals division to lower the client’s $3,500 monthly payment plan down to $1,467 per month, thus reducing the client’s liability in half... Read more
