SFS Tax Resolution Times

"Read About Taxpayers with IRS Problems & Find Out How to Solve Them" 
September 2017
Hurricane Irma is swiftly approaching Florida and I hope all our Florida clients, associates, family and friends are taking all the necessary precautions to stay safe.
Tax Controversy Specialist 
Presenter, Educator
   Inside this edition:

  • The Old IRS Phone Scam Has a New Twist
  • Strip Club Owner “Bares All” in U.S. District Court
  • More Fun Tax Facts
  • Your IRS Questions Answered Here...
  • For the Foodies -
  • A bit of tax humor...
The Old IRS Phone Scam Has a New Twist
The IRS has issued a warning about a new telephone scam. In previous warnings, the IRS has said that they will not call over the phone but send notices through the mail. The scammers have caught on to this warning and now when they call, they tell the victim that they were sent two certified letters but they were returned as undeliverable. The callers then threaten the victim with arrest if payment is not made immediately through a prepaid debit card. The scammer also tells the victim that the purchase of the card is linked to the Electronic Federal Tax Payment System (EFTPS), which it is not.

The EFTPS is a free government system for paying taxes electronically, it does not require a purchase of a prepaid debit card. Callers are also “advised” not to contact their tax professional or the IRS.

If you receive a call from someone claiming to be from the IRS and demanding immediate payment, hang up immediately and call the IRS directly at (800) 829-1040.
Strip Club Owner “Bares All” in U.S. District Court
Frederick John Rizzolo, of Las Vegas, NV, pled guilty in U.S. District Court in Nevada to the charge of evading employment tax.

Rizzolo was the former owner of a strip club named, “The Crazy Horse Too” and admitted in court that he evaded paying more than $1.7 million in employment taxes from 2000-2002. Floormen, bouncers, bartenders and shift managers were paid in cash, and Rizzolo failed to provide accurate records to his bookkeepers thereby causing false employment tax returns to be filed with the IRS.

Although Rizzolo pleaded guilty in 2006 to conspiring to defraud the United States, he further attempted to hide assets from the sale of his club by directing the proceeds of $900,000 to be deposited in an off-shore bank in the Cook Islands. In addition, he withdrew $50,000, writing a check to a third party who provided the money back to Rizzolo. When questioned by an IRS collections attorney, Rizzolo falsely stated he had no income or assets to pay the taxes he owed.

If the court accepts the plea agreement on September 15th, Rizzolo will be sentenced to 24 months in prison and ordered to pay $2,63 7,290 to the IRS in restitution.
Thank You for the Kind Words...
SFS Tax Problem Solutions is one of the best when it comes to Tax Resolution & IRS Tax Debt Relief. Located in Port St Lucie, they've got your back when it comes to taxes! I highly recommend you check them out!

Marc Coloma
More Fun Tax Facts
-When Roosevelt raised the top tax rate to 79% for people making more than $5 million in 1935, the only person it applied to was John D. Rockefeller.

-A cult leader deeded 600 acres of land to “God” in 1864, but the State of Pennsylvania took back the land because “God” didn’t pay his property taxes.

-The US has a law that importing toys resembling humans are taxed higher than those who don’t. Marvel Toys went to court and argued that X-Men action figures should be taxed lower because they are actually mutants. The court agreed with Marvel.

-The citizens in the town of Ulysses, Kansas moved their whole city, including all the buildings in 1909 because of exorbitant property taxes.

-The US Tax Code is four times longer than the complete works of Shakespeare.

-In South Carolina, couples who sit through a minimum of six hours with a licensed pre-marriage professional or clergy training in premarital preparation can take a $50 tax credit if they file jointly once they are married.
Your IRS Question Answered Here...
Question : I have a huge tax amount owing, the IRS is harassing me and I need help. I got a quote from another company at a much lower price. Why should I go with you

Answer: If someone quoted you a much lower fee, think about this: do you think an experienced tax resolution CPA, EA or attorney worth their “salt” would work for peanuts? - Especially given the fact that IRS Representation is a highly valued skill set. You usually get what you pay for in this world we live in today. This is your financial life and the stakes are very high. If you needed heart surgery, would you shop around for the least expensive surgeon or would you get the very best you can find? The same holds true for dealing with the Internal Revenue Service. Having IRS problems can ruin all aspects of your life, your marriage, relationships with your children and family members, your employment, ability to buy a house, a car, money for retirement or even have a bank account. You want the best possible person for the job, not the cheapest. 

Your IRS debt doubles every 6-8 years due to the daily compounding effect of interest and penalties and the IRS has at least 10 years to collect from you to so hand this off to the lowest bidder in town is probably not a wise decision. You’ll have peace of mind and sleep better at night knowing that we’re working hard on your case to get you the lowest possible settlement with the IRS !
I'd Like to Hear From You...
If you have an IRS issue, or just want to refer a friend, relative or client, I'd love to hear from you. I can provide a no-obligation confidential consultation to help you solve your IRS problems.

772-337-1040
Jeffrey Schneider, EA, CTRS, NTPI Fellow
10570 S US Highway 1, Ste. 203
Port St Lucie, FL 34952
A Bit of Tax Humor......
Recipe of the Month
Okay, its low in carbs but its way more appealing to Ali than to me. I'm not a fan of some of the vegetables in this recipe. I'll pass on this one! A good spicy pasta dish sounds way better!!!

You will find the recipe for Mediterranean Spaghetti Sqash Sauteeed with Vegeabes and Feta on our Pinterest page
SFS Tax Problem Solutions | [email protected] | 772.337.1040 | sfstaxproblemsolutions.com