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

Accrual of Tax Liability | 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. Poor Bookkeeping Can Lead to the […]

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 […]