“I’ve come across too many consumers lately who mistakenly believe that if they stay beneath the radar, the IRS will forget about them. This is simply not true—especially today with the U.S.’s debt and deficit mounting,” said Michael Rozbruch.
Encino, CA (Vocus/PRWEB) March 22, 2011
The Obama Administration’s proposed 2012 budget includes a $1.13 billion increase in funding for the IRS. According to Reuters news service, about $460 million of the increase, which brings the total IRS budget to a whopping $13.3 billion, is slated for tax enforcement programs. The increase allows the IRS to hire 5,100 new employees, most of whom will go after delinquent taxpayers both large and small.
“I’ve come across too many consumers lately who mistakenly believe that if they stay beneath the radar, the IRS will forget about them. This is simply not true—especially today with the U.S.’s debt and deficit mounting,” said Michael Rozbruch, founder and CEO of Tax Resolution Services, Co. (TRS), a leading tax resolution and mediation firm. “Do not underestimate the immense resources that the IRS has at its disposal for identifying people who owe them money and collecting it.”
As the IRS itself notes, the increased funding enables the IRS to strengthen its enforcement efforts and reduce the annual tax gap in several areas, including:
- Addressing offshore tax evasion, allowing the IRS to conduct more examinations and implement the Foreign Account Tax Compliance Act,
- Implementing information-reporting requirements approved by Congress to validate income reported by businesses, and
- Improving tax debt collection coverage and improving collection processes.
As a tax relief expert, Rozbruch sees this as a clear message to consumers: Become compliant because the IRS has ramped up its collection efforts. And for consumers who already owe back taxes, are under audit, or simply have not filed a return in recent years, Rozbruch advises them to seek professional tax help. “If you owe the IRS $20,000 or more, you need representation from a well-qualified tax attorney or Certified Tax Resolution Specialist, before the IRS contacts you.” Rozbruch said. “In addition to providing a shield between consumers and the IRS, expert IRS representation can greatly increase your chances of resolving tax problems for the lowest possible amount allowed by law.”
Tax Resolution Services, Co., is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our tax attorneys, CPAs, and tax relief professionals have successfully resolved thousands of cases since 1998 and are committed to making sure our clients’ experiences exceed their expectations. For more information or to receive a free tax relief consultation, visit TaxResolution.com or call 888-851-5894.