How to Negotiate IRS Debt

Negotiate IRS Debt IRS Debt Relief

To most people, the Internal Revenue Service is a mystery. It collects taxes and can make your life miserable. But beyond that, how the IRS operates is relatively unknown. This is one of the reasons why, when an individual or business owes a significant debt to the IRS, sleepless nights […]

Why You Can’t “Set It and Forget It” With A Payroll Service

Payroll Service Contract | Offer In Compromise Default

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 I Resolve Back Taxes By Qualifying For Currently Not Collectible Status?

Business Fails to Resolve Back Taxes | Federal Tax Lien | TaxFortress.com

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?

Effective Tax Administration | Offer In Compromise | Taxfortress.com

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 […]

Cash And Acurral Methods Of Accounting Can Impact The Outcome Of A Tax Collection Case

Accrual Method of Accounting | Installment Agreement | TaxFortress.com

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. Accrual Method of Accounting Many business […]

Fortress Financial Services Featured On Moving America Forward Hosted By William Shatner

Moving America Forward Interview | Tax Resolution Services

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. Moving America Forward Interviews Fortress Financial Services […]

Can My Business Settle its IRS Tax Liability with an In Business Offer in Compromise?

Business Offer in Compromise | Payroll Tax Settlement | 941 Employment

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?

Net Realizable Equity | NRE | IRS Offer formula | TaxFortress.com

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 […]

Taxpayer Advocate Service: Utilizing the Taxpayer Advocate to Resolve IRS Tax Liabilities

Taxpayer Advocate Service | Offer in Compromise | TaxFortress.com

The Internal Revenue Service is one of the largest government agencies in the world. With around 90,000 employees and a budget in the billions, it’s truly an empire within our government, and its rules and regulations are not wholly known by any one single human being. Therefore, as you can […]

Congress Instructs IRS To Outsource Collections To Private Companies

IRS Uses Private Collection Agencies | FAST Act | TaxFortress.com

On December 4th, 2015 President Barack Obama signed into law the “Fixing America’s Surface Transportation Act” to improve the Nation’s surface transportation infrastructure. Also referred to as the FAST Act, the legislation included a provision which requires the Internal Revenue Service to outsource certain tax debts to private debt collection […]

What Is An IRS Tax Lien And How Does It Affect Me?

What is an IRS Tax Lien | Notice of Federal Tax Lien | TaxFortress.com

Federal IRS Tax Lien An IRS Tax Lien is a legal claim on your property for the amount owed. An IRS tax lien is also the legal right to collect on the amount owed. An IRS Tax lien starts when a tax is assessed and you don’t pay it. For […]

Top 5 Ways To Reduce An IRS Tax Liability

How to Reduce Your IRS Tax Liability | OIC | TaxFortress.com

So, something in life or business didn’t go according to plan, and now you’re faced with an IRS tax liability. While few people relish being a collection target of America’s most formidable creditor, there may be a silver lining. You may have options which could significantly reduce the amount that […]

Barking Up the IRS Chain of Command – Getting Results by Working the Bureaucracy

IRS Appeals | Offer In Compromise | Tax Relief Help

Recently I was engaged in a heated discussion with an IRS Appeals Settlement Officer. The subject was an Offer in Compromise (Tax Settlement) I had filed on a client’s behalf. The IRS did not want to approve our Offer because they noticed that my client had been late with a […]

How to Get a Tax Pro to Settle Your Tax Liability (OIC) Offer in Compromise

OIC | IRS Offer in Compromise | Free Tax Help | TaxFortress

If you or your business have gotten behind with the IRS, a tax settlement, also known as an Offer in Compromise (OIC), might be the best way to get rid of your tax liability—if you qualify. There are three general categories of OICs: Doubt as to Liability (I don’t actually […]

The IRS Levied My Bank Account! What Do I Do?

IRS Levy | Notice of Levy | IRS Seizure | TaxTortress

Perhaps no other action taken by the IRS is more disruptive, surprising, and panic-inducing than an IRS levy on your checking or savings account. With one notice sent to your bank, the IRS can seize every penny you’ve got, and apply it toward your tax bill. To make it worse, […]

It’s Almost April 15th, and I Can’t Pay My 1040 Tax. What Do I Do?

1040 | Penalty Abatement | Failure to Pay Penalty | TaxFortress

April 15th is right around the corner, and if you expect to owe 1040 income tax, but don’t have the resources with which to pay it, you are in the same boat as many Americans.  First of all, don’t panic.  Federal officers are not going to show up at your […]

IRS Offer in Compromise: Common Challenges to Approval

IRS Offer in Compromise | Fresh Start Initiative | Form 656

You have read the Form 656, IRS Offer in Compromise booklet, the rules under the Fresh Start Initiative, and perhaps even hired an attorney or other representative to help you submit your Offer in Compromise to the IRS.  You feel you have sent in a complete Offer, with all documentation attached. […]

IRS Payment Plan Installment Agreements

IRS Payment Plan | Installment Agreement | TaxFortress

Any time a taxpayer incurs a balance due to the IRS, the IRS’s first response is almost invariably to demand that the debt be fully paid, immediately.  However, in many situations, the taxpayer does not have the ability to fully and immediately pay the tax debt.  This inability to quickly […]