IRS Seizure

IRS Asset Seizure | Tax Seizure | TaxFortress.com

Will The IRS Seize My Assets, 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 they seize my residence?  These …

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IRS Automated Collection System | IRS Revenue Officer | TaxFortress.com

IRS Automated Collection System (“ACS”)

You may have received a letter from an from the IRS labeled with an address IRS Support 5050.  This is a letter issued from the desk of the IRS Automated Collection System (ACS). These act as collection agencies on behalf of the IRS, located in multiple cities across the USA. When an IRS tax liability …

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Tax Resolution Company | Tax Relief Agencies | TaxFortress.com

I Am Being Bombarded With Phone Calls From a Tax Resolution Company

So you owe taxes to the state or federal government, then all of the sudden one day your phone rings. It’s a representative from a tax resolution company stating he is aware you have a tax debt and he wants to sell you a service to resolve your tax liability. You hear him out, accept …

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IRS Civil Penalty | Discrepancy Notice | TaxFortress

How to Eliminate IRS Civil Penalties

One of the most frustrating situations my clients confront is the IRS’s addition of large amounts of tax or Civil Penalties to tax periods that ended a long time ago. There can be several reasons for additions to tax or Civil Penalties, but the most common ones I encounter are reporting and reconciliation deficiencies across …

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IRS Offer in Compromise | Fresh Start Initiative | Form 656

IRS Offer in Compromise: Common Challenges to Approval

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.  You feel the IRS should …

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Voluntary Payment | IRS Appeals | Installment Agreement

Can I Avoid Back Tax Penalties by Installment Payments to IRS?

Answer: Depending upon the specifics of your situation, it may be possible to avoid hundreds, or even thousands, of dollars in penalties simply by “designating” voluntary payments applied toward your tax liability.  Keep in mind that payments made in accordance with a formalized installment agreement are not considered voluntary, so you have no right to …

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IRS Asset Seizure | Tax Levy | Notice of Levy | TaxFortress

Will the IRS Seize Assets or Force the Sale of Them?

Will the IRS take your assets or force you to liquidate assets in order to satisfy your IRS back tax liability? The IRS can, with a few limited exemptions, seize your assets to satisfy your IRS back taxes. However, if you have competent legal representation, this should not happen to you unless every other collection …

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