IRS Tax Lien

45 Day Rule | Notice of Federal Tax Lien | IRC 6323 | TaxFortress

Understanding the IRS 45 Day Rule for a Federal Tax Lien

Many businesses rely on the use of their accounts receivable or inventory as collateral for loans or for factoring. However, in my experience, few business owners fully grasp how devastating the consequences can be if they engage in this type of financing and fall behind with federal taxes. Unfortunately, fully grasping this concept often does …

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Moving America Forward Interview | Tax Resolution Services

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. Moving America Forward Interviews Fortress Financial Services I was intrigued to say …

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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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Third Party Liability | Transferee Liability | TaxFortress.com

Understanding IRS Successor, Alter Ego , Nominee, And Transferee Liability

You invested your entire savings and better part of your working life into your business in an attempt to have it succeed and ultimately grow.  During this time many unforeseen obstacles occurred that caused you to have to make difficult decisions, one of which was to forego making a tax deposit in order to remit …

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Taxpayer Advocate Service | Offer in Compromise | TaxFortress.com

Taxpayer Advocate Service

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 imagine, it’s possible that the …

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

Congress Instructs IRS To Outsource Collections To Private Companies

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 agencies. The idea behind the …

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

Top 5 Ways To Reduce An IRS Tax Liability

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 you have to pay the …

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IRS Appeals | Offer In Compromise | Tax Relief Help

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

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 few tax payments during the …

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

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

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 owe this tax), Effective Tax …

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Notice of Federal Tax Lien | Certificate of Discharge | TaxFortress

How to Sell an Asset That is Subject to a Notice of Federal Tax Lien

If you owe taxes to the IRS, a tax lien automatically arises against you and attaches to just about everything you own.  This is sometimes called a secret lien since the government’s claim does not initially appear in any public records.  Rather, the lien automatically comes into existence when the tax liability is assessed.  Eventually, …

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IRS Garnishment | Will The IRS Garnish My Wages | IRS Levy

Will the IRS Garnish My Wages?

Question:  Will the IRS garnish my wages or Levy my wages? How can I avoid this? Answer: In order to answer this question effectively, some background and definitions with regards to IRS procedures are warranted.  A levy on wages is where the IRS effectively takes a portion of ones wages and applies it to the …

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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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