IRS Is Serious About Collecting Back Taxes

With a record enforcement budget, the IRS is serious about collecting back taxes and penalizing those who have inadvertently or deliberately evaded their tax payments. A-list celebrities like Wesley Snips, Paul Hogan, Reggie Bush and many others have faced severe IRS charges and penalties for evading large sums of tax payments.

The media loves to play up the distress of big-name tax evaders who have been caught by the IRS, but the truth is that IRS is just as aggressively pursuing the average taxpayer for unpaid back taxes. The Internal Revenue Service will just as gladly audit you or your next-door neighbor as they will a celebrity.

Among the lessons taxpayers can learn from celebrity tax troubles are the following:

• You can't hide from tax obligations. Australian tax authorities claim “Crocodile Dundee" actor Paul Hogan owes them $39 million in back taxes and refused to let him leave the country after he returned for his mother's funeral.
• Waiting to get tax help can ruin your financial future. Baseball great Jose Canseco did on $320,000 in back taxes and now has multiple liens on his assets.
• Don't ignore your tax issues. Treasury Secretary, Timothy Geithner was embarrassed in confirmation hearings by several tax discrepancies he hadn't dealt with.
• IRS interest and penalties add up quickly. Football star Reggie Bush may owe as much as $200,000 in back taxes, interest, and penalties on an estimated $300,000 he allegedly received in illegal gifts while in college at USC.
• Take advantage of legal tax benefits

Total Debt Relief, Inc is dedicated to assisting businesses and individuals alike who find themselves in trouble with the IRS in finding affordable solutions. Our tax services providers are attorneys, CPAs, and tax relief professionals and have successfully resolved thousands of cases since and are committed to making sure our clients' experiences exceed their expectations. For more information or to receive a free tax relief consultation, visit www.tdrelief.net or call 800-627-9667.