Category Archives: Internal Revenue Service (IRS)

Every IRS Collection Case Has 3 Work Phases

Every IRS Collection Case Has 3 Work Phases:

First Phase: Transcript Investigation & Analysis
Second Phase: Compliance
Third Phase: Resolution Phase

I teach that you charge separately for each phase based on the complexity of the case, the amount of tax debt involved and the value you bring to the table.

In today’s video I want to share a call I had with one of my coaching members on our monthly group Q&A call. This person is brand new to tax resolution and happened to have a client walk into her office who owes 3 million dollars to the IRS. She was asking me for help because she’s trying to interpret the transcripts; plus, she’s talking to the revenue officer; and she’s trying to get all these levies released. I started asking questions about the case, but my first question to her was,

“Well, what have you been retained to do, and how much have you gotten paid to date and what are the total fees for this case?”

Watch today’s video where I share what I told my member what she should charge for each phase of this three-million-dollar case and why she should charge those fees.

It doesn’t matter whether your client owes $25,000 or $3,000,000, the same applies and this is great information to know.

So, that’s the tip of the day, and we’ll see you in the next video!

Wesley Snipes’ Lowball Offer in Compromise Rejected in Tax Court

Wesley Snipes was once best known for his work as an actor, particularly for his role as the vampire-hunting Marvel superhero, Blade. Unfortunately, when Snipes makes headlines these days, it’s usually due to his ongoing tax battle with the IRS. Continue reading

IRS Terror Tale of the Month: Paul Manafort

Political Powerhouse Tries to Leave IRS in the Dark

Unless you have been living under a rock, you’ve probably heard of Paul Manafort and the millions he failed to pay the IRS in taxes. Due to the brief time Manafort spent as President Donald Trump’s campaign manager during the 2016 election, Manafort’s tax fraud and other crimes were often spun based on political leanings. However, the fact remains that the millions Manafort owed and the lengths to which he went to defraud the IRS are astonishing. Here are a few of the highlights that make this story so Extraordinary. Continue reading

Paul Manafort and Tax Resolution

What does Paul Manafort and tax resolution have in common?
A lot actually…

As we all know, if you’ve been reading the news stories online or watching the evening news, Paul Manafort, Donald Trump’s former campaign manager, was found guilty on five counts of tax fraud, one count of failing to report his foreign bank accounts (FBAR) and two counts of bank fraud.  Robert Mueller’s Special Counsel went after him over the alleged Russia collusion with Donald Trump.  But that’s not what he was found guilty on; he was found guilty of tax fraud.

Your tax resolution clients need to know that when they come to you, and they’ve filed fraudulent tax returns, or haven’t filed legally required income tax returns which they will more than likely disclose to you, there can be major consequences they face for these actions.

You know what I used to tell clients that would ask, “Mike, it’s not that bad is it?” What this week’s video to get a great strategy of how to answer that question if your client asks you the same thing.

michael rozbruch tax and business solutions academy

Learning From Someone Who Has Built a $20 Million Dollar Tax Resolution Firm From Scratch

I think it’s important to ask yourself…where else can you go to learn from someone who has built a $20 million dollar firm from scratch? The answer is nowhere.

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New Tax Breaks and New Tax Breaks Book

On Friday, December 18th, the Tax Extender Bill was passed by the Senate and President Obama signed it. The bill, officially called the “Protecting Americans from Tax Hikes Act of 2015” (the PATH Act), extended over 50 tax breaks that were due to expire at the end of this month. For a summary of the bill and it’s key provisions, click here.

Screen Shot 2015-12-22 at 10.49.18 AMSpeaking of tax breaks, my friend and colleague, Eva Rosenberg (aka”TaxMama“), who is an expert in avoiding trouble with the IRS, will be releasing her latest book called “Deduct Everything: Save Money with Hundreds of Legal Tax Breaks, Credits, Write-Offs, and Loopholes” (preorder your copy on Amazon today).

This is a comprehensive guide to legal deductions, loopholes, and tax-reducing strategies available to individual tax filers.

Eva was even able to include the latest relevant tax changes so you will have the most up-to-date strategies at your fingertips when you file!