HOW TO NEGOTIATE IRS DEBT

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 […]

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 […]

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

IRS Asset Seizure | Tax Seizure | TaxFortress.com

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 […]

How to Choose the Best Tax Professional to Handle Resolving Your Tax Debt

Tax Professional | IRS Collections Representation | TaxFortress.com

If you’ve accrued a debt to the taxing authorities, your first inclination may be to handle it yourself. If you make that choice, beware that there are a number of frustrations involved in trying to communicate with the taxing authorities. Unless your case has been assigned to a Revenue Officer […]