6 REASONS TO OUTSOURCE PAYROLL

As an attorney who makes his living resolving tax liabilities, the majority of my clients are businesses that have accrued 941 employment tax liabilities.  There are numerous reasons as to why a business accrues a 941 tax liability.  These reasons range from mere lack of funds resulting from both internal […]

WHY YOU CAN’T “SET IT AND FORGET IT” WITH A PAYROLL SERVICE

I recently received a phone call from a former client with a big problem.  We had negotiated an Offer in Compromise for this client in 2012, saving her business a few hundred thousand dollars.  One of the conditions when the IRS accepts an Offer in Compromise is that the taxpayer […]

CAN MY BUSINESS OR I AVOID PAYING AN IRS TAX LIABILITY BY QUALIFYING FOR CURRENTLY NOT COLLECTIBLE STATUS?

Benjamin Franklin once said that nothing is certain in this life but death and taxes.  I’ll agree that none of us will cheat death.  But I may quibble with Mr. Franklin on the issue of whether or not you have to pay all of your taxes.  Under the right set […]

CAN I SETTLE MY TAX LIABILITY EVEN THOUGH I HAVE ENOUGH INCOME AND ASSETS TO FULL PAY?

Laws often appear to be very black or white. But, real life can feel more like one big gray area. As a governmental entity, the IRS is required to treat all taxpayers equally. With regard to evaluating Offers in Compromise (tax settlements), this means that the IRS has set standards […]

HOW BOOKKEEPING AND THE CHOICE BETWEEN CASH AND ACCRUAL METHODS OF ACCOUNTING CAN DRAMATICALLY IMPACT THE OUTCOME OF A SMALL BUSINESS TAX COLLECTION CASE

To some business owners, the accounting part of their business is the last thing they want to deal with.  “Leave that to the accountant or bookkeeper and let me get to work” is the sentiment I get from a lot of small business owners. Many business owners just don’t have […]

IRS FINAL NOTICE OF INTENT TO LEVY: LETTER 1058, NOTICE LT 11, AND NOTICE CP 90

If you or your business had the misfortune of winding up in collections with the Internal Revenue Service, you’ve probably been receiving what might seem like an overwhelming amount of mail from the IRS regarding your tax liability.  It is not uncommon for people in this situation to feel a […]

FORTRESS FINANCIAL SERVICES FEATURED ON MOVING AMERICA FORWARD HOSTED BY WILLIAM SHATNER

Earlier this year, I received a voice message from a producer for a television show called Moving America Forward, hosted by William Shatner.  The message stated that they were interested in speaking with me about possibly appearing on their nationally broadcasted television show. I was intrigued to say the least.  […]

WILL THE IRS SEIZE MY ASSETS, MY BUSINESS OR MY RESIDENCE?

You and/or your business have accrued a tax liability and are now receiving increasingly threatening letters from the IRS that indicate that they are going to seize your assets.  Many questions arise.  Can the IRS actually do this?  Will they seize my corporate assets and shut my business down?  Will […]

Can my business settle its IRS tax liability with an in-business Offer in Compromise?

When the Internal Revenue Service created the Offer in Compromise program, the candidates they probably had in mind were those people who were struggling to keep the lights on, feed and clothe themselves and their children, and keep a roof over their heads.  The ideal candidate, they most likely surmised, […]

I am Told I Qualify for an Offer in Compromise—Is it a Scam?

As soon as the IRS files a Federal Tax Lien against a delinquent taxpayer, it becomes public record that the person or business has a balance due to the IRS.  The lien is filed very soon after a liability is assessed.  The fact that the lien is public record means […]