There is a big difference between tax evasion and tax avoidance
Encino, CA (Vocus) June 9, 2010
Every day, in cities across the country, people are being prosecuted or convicted of tax crimes. According to tax expert Michael Rozbruch, if you’re struggling during these tough economic times and need IRS tax relief, there are many options to consider for resolving your back taxes or other IRS woes.
Tax evasion is not just a problem for the wealthy. The IRS reports that tax evasion is a widespread problem costing the government an estimated $350 billion in unpaid taxes and creating a tax gap that grows by 10% each year. However, with federal initiatives aimed at narrowing the tax gap, the IRS is cracking down on tax evaders both big and small.
“There is a big difference between tax evasion and tax avoidance,” said Rozbruch, founder and CEO of Tax Resolution Services, Co., a company that provides affordable solutions to people seeking IRS tax relief. “While it is perfectly legal to work within existing laws to avoid paying more than what is required by the IRS, cheating the government on taxes by evading tax laws is criminal and can carry up to a 5-year prison sentence and/or IRS penalties up to $100,000.”
And you don’t have to be a tax attorney to know the red flags that will cause the IRS to be suspicious of tax evasion, Robzruch adds. Even in the current enforcement climate, taxpayers can learn how to avoid IRS tax audits and save money by taking advantage of legal tax deductions and avoiding costly IRS penalties and interest.
“It’s important for taxpayers to avoid becoming targets of aggressive IRS collection efforts like debilitating bank levies that can financially cripple them for life,” Rozbruch said. “Additionally, anyone who owes back taxes or is being audited by the IRS will need to know that working with a Certified Tax Resolution Specialist or tax lawyer can greatly increase their chances of successfully resolving their IRS tax problems and negotiating a settlement for the lowest 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. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit TaxResolution.com or call 866-IRS-PROBLEMS.
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