What is an Offer in Compromise?

There are many enjoyable things in life...Dealing with the IRS is not one of them. Enough said. By now, you have probably heard of the mythical Offer In Compromise program established by the IRS. But what exactly is an Offer In Compromise? Read More...

Tax Relief for Back Taxes

A difficult scenario for many people is when they are in search of tax relief. For most people, this means they have gotten behind on their IRS taxes and are no quite sure what to do next. The IRS collections department doesn't seem to make your life any easier. Yes, they act as if it's a newer gentler collections team, but make no mistake...They have only one mission, which is to collect money! However for obvious reasons, simply paying back any owed delinquent taxes is not as easy as it sounds. After all, if a person owes $40,000 in back taxes, where exactly are they supposed to get that from? In the past, many would refinance their home and pay their back taxes that way. But in the current economy, with foreclosures dooming so many lenders, refinancing one's home is becoming impossible. Meanwhile, the IRS continues sending out threatening letters, makes visits to one's employers, and garnishes wages and levies bank accounts. So how is one to receive tax relief? Read More...

Tax Audit

You’re going about your normal routine. You open the mailbox, going through all the junk mail when suddenly you come across a letter from the IRS. Like most people, you get a strange tingling feeling in your body, similar to when a police officer is driving behind you. Read More...

Wesley Snipes sentenced for tax conviction

Hollywood Actor Wesley Snipes, star of the Blade movies, was sentenced to *Three Years in Prison* for not resolving his past due taxes. Mr. Snipes and his attorneys were hoping to avoid prison since the charges were misdemeanors, however the leading prosecutor stated that the courts wanted to make an example of Wesley Snipes that even with mere misdemeanors, there is a chance that you will go to prison for multiple years if you do not resolve your back taxes.

"We think it sends a real message," U.S. Attorney Robert O'Neill said. "Again you have to pay your taxes."

Innocent Spouse Relief

Although it may seem like you are stuck with an unimaginable amount of IRS debt, take comfort in knowing that you are not alone. Believing that you should not have to carry the stress of the world on your shoulders, Atlas Tax Solutions is devoting itself to teaching others what their options are. It seems that many focus on the Offer In Compromise, however there are other things you can do to alleviate your situation. One of those is to use the Innocent Spouse strategy if you qualify. Read More...

Offer in Compromise

Millions of Americans every year find themselves in the dire position of owing back taxes to the IRS. Just the work IRS itself puts fear into most people. The Internal Revenue Service doesn’t do themselves any favors by sometimes being harsh with tax payers. But keep in mind that they’re just doing their job. The collections division is there to collect money, simple as that. So what is a delinquent tax payer to do? There are different options available, the most attractive being an Offer In Compromise. Atlas Tax Solutions assists those in need when possible by negotiating with the IRS to make this option possible. Read More...

Back Tax Defense

There is no denying that for millions of Americans, the one absolute need is a good back tax defense strategy. So many people owe back taxes to the IRS and don’t know what to do. You may wonder how do people get behind on their taxes in the first place. Well, life has a funny way of sneaking up on you as many in debt have discovered. But there’s a big difference that separates people who are behind on their taxes, from say credit card payments or even their mortgage payments. IRS back payments are unique in the fact that most people are completely caught off guard since it’s difficult to pre determine how much you’ll owe in taxes. Fortunately, there are programs to help you out of a big tax bill! Read More...

Short Sale

There seems to be much confusion about what taxes may be owed if you sell your home via a Short Sale. Let’s clear this up. Basically a short sale is when your lender agrees to take an amount less of what is owed. For millions of people in foreclosure, a short sale is sometimes an option. But what happens to the amount forgiven? Well, in the past you were responsible for paying taxes on that amount. However, Congress passed the Mortgage Foregiveness Debt Relief Act. Due to that, you no longer have to pay taxes on a short sale.

Filing tax extension

As a reminder, if you need to file an extension you can request an automatic extension electronically by April 15. Doing this online is a fast and effective method for achieving an extension. Keep in mind that filing an extension does not allow you to delay your tax payment. When you file your taxes, you’ll need to submit your payment along with your extension if you owe taxes. The extension will give you until October 15 to file your tax return.

IRS Chief Counsel

IRS Chief Counsel, Donald Korb, has chosen David Hasen as the new Professor in Residence. Mr. Hasen will assist with legal matters. Prior to joining the Internal Revenue Service, Mr. Hasen was assistant professor at the University of Michigan Law School.

Back Tax Defense - Enlisted Military Get Help With Owed Back Taxes

You may qualify for a deferral of the back taxes you owe if you can show that your military service compromised your ability to pay your taxes. The Service Members Civil Relief Act provides this unique benefit to active duty members of the military service that owe back taxes; whether you are in the Navy, Army, Marine Corps, Air Force, Coast Guard, as well as commissioned officers of the uniformed services, such as Public Health Service and the National Oceanic and Atmospheric Administration. With regards to Reservists, it is important to note that Reservists must be placed on active duty to qualify. National Guard personnel not serving in a “federalized” status are no covered however. Read More...