Net Realizable Equity

Net realizable equity (NRE) is defined as quick sale value (QSV) less amounts owed to secured lien holders with priority over the federal tax lien.

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 […]

The IRS Fresh Start Initiative – A Welcomed Relief to Taxpayers

IRS Fresh Start Initiative | Offers in Compromise | TaxFortress

In 2008 the United States, along with much of the rest of the world, witnessed a financial crisis of devastating proportions.  In response, the federal government issued bailouts to the major banks after deeming them ‘too big to fail.’  Small businesses, however, were trying to get back on their feet […]