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If there is one thing that is certain in life it's.....

We all know this saying and it's true. Some of us have unfiled tax returns and may think that they are safe if three years has past and the IRS hasn't knocked on their door. This actually may not be true! Fortunately one of my favorite websites for knowledgeable legal tax advice comes from Taxgirl.com (love her site!)

Below are three very important tips every person should know regarding your tax return.:
1. There is a statute of Limitation (SOL) of 3 years for assessment of taxes expires 3 years from the due date of the return OR the date you filed.
2. If you fail to file, guess what? The SOL never kicks in so it's totally still up for grabs!
3.With respect to collections, the IRS generally has ten (10) years after the date of the assessment of tax or levy to collect.

The best advice is if you haven't filed your return it's best to get with a professional to help you navigate through the process. Also you have 3 years to have your taxes amended if you believe it was an error. Don't assume the 3 years SOL is as simple as it seems. Luckily my firm and partners are offering free tax review services for tax years 2007, 2008, and 2009 and so far have discovered several errors, missed deductions and more.

Check out the full blog post here and then give us a call to schedule your free review. 8884494145

As always,

Be empowered!
-Katrina

This is actually related to tax but with tax season underway and with our current FREE TAX REVIEW SERVICES I feltthis was fitting to post. Are many of you aware of the Statute ofLimitations on filed and un-filed tax returns? It is 3 years BUT if youNEVER filed the SOL never starts (so the ...3 year rule may not apply)One of our FAV blog sites for excellent tax information comes from Taxgirl . Check it out

Tune in to Strictly Business on BlogTalkRadio.com on Thursday, December 4 at 3:00 PM (EST) to learn about what you can do if you are a business owner or individual struggling to overcome your tax burdens.Stop looking over your shoulder in fear of the IRS! Obtain the knowledge to be proactive in finding solutions to break free from the crushing burden of financial woe.Michael Rozbruch, founder and CEO of Tax Resolution Services, one of the nation’s leading experts on solving individual and small business IRS tax problem, will be discussing some insider secrets of tax relief with Strictly Business host Anna Banks including important taxpayer rights, how to reduce or avoid IRS penalties and interest, and how to get a fresh start even if you have delinquent tax returns from the past 7 years.Call in with your own IRS tax questions (718) 766-4021.More on Michael Rozbruch and Tax Resolution ServicesMichael Rozbruch is the founder and CEO of Tax Resolution Services and is one of the nation’s leading experts on solving individual and small business IRS tax problems. As a Certified Tax Resolution Specialist (CTRS) and CPA (licensed in the state of Maryland), he has represented thousands of taxpayers who owe the IRS, but simply cannot afford to pay.In the past year alone, Michael has successfully settled hundreds of Offers in Compromise (IRS settlements) usually saving clients 90% of their outstanding tax bill. His success rate is approaching 90% and is one of the highest in the industry. He has saved his clients in excess of $35 million dollars over the past ten years. For further information on Michael Rozbruch and Tax Resolution Services, Co., visit www.TaxResolution.com or call (818) 774-1813.

Note: this page contains paid content.

If there is one thing that is certain in life it's.....

Note: this page contains paid content.

Note: this page contains paid content.

Note: this page contains paid content.