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Archive for July, 2013

Platinum Tax Defenders and Sherri Gastelum Report on Owing Back Taxes

New IRS Guidelines for “OIC” Program Just Announced

Los Angeles, California (PRWEB) June 03, 2013

Asking for back tax help may be a growing phenomenon. Fox News posted an article on March 9, 2013, “Federal Employees Owed $ 3.5 Billion in Back Taxes in 2011: IRS” (foxnews.com/politics/2013/03/09/federal-workers-owe-35b-in-back-taxes/). In it, the writer indicated that federal workers are statistically better at paying taxes than those working in private industry, although numbers weren’t available on how many federal employees are on payment plans for their tax bills. Platinum Tax Defenders says that many workers and small business owners are feeling the pinch of new tax laws, and suggests that those with two or three years’ worth of unpaid back taxes may want to get help from a tax resolution firm before 2014.

One of the major areas of concern for 2013 taxes is health care, said the Washington Post on May 12, 2013 (“Health Insurance Tax ‘Scares the Daylights’ Out of Some Small-Business Owners”) (articles.washingtonpost.com/2013-05-12/business/39210827_1_health-insurance-plans-insurance-providers-insurance-companies). Higher premiums for insurance, and new fees, will be passed on to the business owners who pay the bills, which may make it difficult to hire new employees. In this scenario, it may become necessary – not just a good idea – to obtain tax relief for any outstanding tax bills that already exist before the 2013 bills come due next year.

It’s the ‘already’ that should give the taxpayer pause. If Fox News quotes that IRS in saying that over 8% of US taxpayers already have a “delinquency rate” – and government workers have an over 3% back tax rate – the number will probably rise in 2014. As of 2011, federal workers owed a total of $ 3.5 billion, which was a 12% increase over the number that owed in 2010. The Washington Post says that most companies insure their employees in-house, so that any costs for the new health regulations sent to the insurance companies will end up being paid by business owners. This could result in a reduction of “private-sector employment by several hundred thousand jobs over the next decade”.

This may make tax resolution a hotter topic than it is currently. There are options for those owing back taxes, depending on the amount due on past taxes, and whether or not they were filed by the taxpayer or the IRS. It may be possible to work out a payment plan, similar to a payment plan with any corporation, in which the bills is paid in manageable increments before becoming a collections account. If the amount is larger, or there is no income from which to pay, it may be necessary to draft the documents to have the tax bill become ‘currently not collectible’, though interest and penalties will still be due once the taxpayer can pay. Another option is the Offer in Compromise, in which the IRS agrees to settle for a much lower amount than what appeared on the original tax bill, and either part or all of the penalties and interest is waived. This is ideal, of course, but the taxpayer must abide by some strict regulations about past tax filings and future tax filings, so it’s often a good idea to have a tax resolution services handle some of these complex details.

Sherri Gastelum, CEO of Platinum Tax Defenders, works in tandem with Attorney Dustin Wetton and other professionals to help their clients obtain tax relief, and resolve back tax issues. IRS enrolled agents, CPA’s, and one ex-IRS tax attorney are just a few of the members of the team. Sherri Gastelum has a twenty-year background in business and tax issues, serves on the board of The Entrepreneurial Institute, and remains the Simi Valley Chapter President of the National Association of Professional Women. Dustin Wetton obtained a J.D. from San Diego’s California Western School of Law, after earning a degree in international relations. For a no-cost consultation with a PTD specialist (often 25 to 40 minutes), or for more information on Platinum Tax Defenders services, call 1-877-668-1807 or email info(at)tax-resolution(dot)me.

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Will Taxing the Rich Fix the Deficit?

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The Town of Westport, MA Lists Surplus Vintage Work Trucks for Sale on Municibid

The Town of Westport, MA Lists Surplus Vintage Work Trucks for Sale on Municibid

Westport, MA (PRWEB) July 26, 2013

In an online auction that started on July 15th and ends on July 29th, the Town of Westport, MA is selling a 1974 Ford dump truck, a 1977 GMC dump truck, a 1995 Ford pickup truck, and other vintage work trucks for additional non-tax revenue. By using an established, but innovative, online government auctions site specifically designed for municipalities, the Town of Westport is conducting a 2-week auction of its surplus items. The government agency is looking to garnish thousands of dollars to be put back into its budget.

The Town of Westport is using online auction site, Municibid.com to sell the items. Municibid was established in 2006 and has grown steadily since, with over 1,000 government agencies auctioning surplus through the efficient online system. The town is auctioning the surplus items online because the website has an established nationwide reach growing every day. Auctions on Municibid result in competitive bidding and fair prices for government surplus items.

Westport started using Municibid successfully in early 2013 to sell their surplus, including a street sweeper, a farm tractor, and landscaper tractor, and several woods mowers. Their last online auction netted thousands of dollars to go back into the agency’s budget.

Municibid Founder and CEO, Greg Berry said, “Taxpayer demand and tightened budgets require government agencies to look for new ways of increasing non-tax revenue. Municibid is an easy way to achieve this and at no cost to the agency.” Berry added, “Auction items will reach a much broader, national audience of competing bidders, leading to better net results.”

The Town of Westport’s online auction of their government surplus items ends on July 29th. Included in the auction are a 1974 Ford dump truck, a 1977 GMC dump truck, a 1995 Ford pickup truck, and other vintage work trucks. The oldest item up for auction is a 1965 Leturno Westinghouse Grader.

The Town of Westport, MA Surplus Store can be found online here:


About Municibid.com

Municibid.com is an online government auctions platform serving 1,000 state and local government agencies across the US from cities like Philadelphia, Boston and Baton Rouge, to small towns, authorities, school districts and universities. Municibid is designed for government agencies to more effectively sell surplus, forfeitures and other no longer needed items to the public via a convenient and easy-to-use website. Municibid proactively markets items nationwide via social media and traditional avenues at no cost to the selling agency.

Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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