Encino, CA (PressExposure) June 24, 2009 -- Tax audits are on the rise as the government steps up IRS enforcement to fund deficit-reducing activities. According to tax expert Michael Rozbruch, individuals and businesses - both big and small - can be financially crippled in the current economic downturn if they fail to meet their tax obligations.
With Obama proposing to increase the tax enforcement budget and hire hundreds of new IRS agents to crack down on offshore tax dodgers and under-reported income, Rozbruch says itâs important for taxpayers to know how to prevent or resolve tax audits [http://www.taxresolution.com/irs-tax-audits-help.asp] and avoid financially debilitating levies on their wages and bank accounts.
âWhether you underreport some, most, or all of your income, the IRS penalties [http://www.taxresolution.com/penalty-abatement.asp] are severe,â said Rozbruch, founder and CEO of Tax Resolution Services, Co., a company that provides affordable solutions to people seeking income tax relief. âTaxpayers need to take advantage of special considerations being offered by the IRS in this weak economy to set up an IRS payment plan [http://www.taxresolution.com/payment-plans.asp] or tax settlement that can help them avoid significant financial problems in the long run.â
In 2008, the IRS collected $56.4 billion -$7.7 billion more than in 2006 â among the highest tax enforcement numbers in a decade. Nearly 1.4 million Americans were audited - just over 1% of all returns filed.
âThese numbers should be a wake-up call for those who continue to evade taxes by improperly writing off personal expenses to businesses, underreporting income, or using offshore trusts to conceal income,â Rozbruch said. âThe trend towards tougher enforcement against tax avoidance means that more Americans than ever will need to know their options for income tax relief and IRS help.â
Tax Resolution Services is dedicated to providing affordable solutions to businesses and individuals who find themselves in trouble with the IRS. Their team of expert tax attorneys, enrolled agents and CPAs has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.13 on the dollar. For more information or to receive a FREE tax relief consultation, visit http://www.taxresolution.com or call 866-IRS-PROBLEMS.