If you or your business owe taxes to the IRS or the state, you have probably wondered if it is possible to settle your tax debt for less than owed. You may have heard radio or TV ads promising to settle your taxes for “pennies on the dollar” if you “call now!” with The Price …
If you or your business are in the unfortunate position of having an outstanding tax liability, you may be acutely aware of the resulting stress, anxiety, and in some cases downright fear and panic that the most powerful collection entity (IRS) in the nation can instill. While my comforting words alone may not eliminate these …
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 example, if you file a …
What Is An IRS Tax Lien And How Does It Affect Me? Read More »
When individuals and businesses need legal assistance, the natural inclination is to search for a local attorney. This makes sense 95% of the time because there is a strong likelihood that the attorney will need to appear multiple times in the local courtroom, and it is cost prohibitive for all but the very wealthiest to …
Tax Relief Near Me – Local Not Always The Best Option Read More »
A minority of tax relief firms charge an hourly rate. However, most tax relief firms charge a contingent flat fee meaning that you pay a flat fee provided that you follow instructions, comply with tax laws, provide requested documents, respond within a reasonable time, and so on. These firms may also offer services at an …
How Do Tax Relief Firms Charge for Their Services? Read More »
Fortress Financial Services, Inc. is known nationwide for providing exemplary tax relief and tax resolution services. To avoid confusion with traditional financial services companies and to better describe ourselves with a shorter, more relevant business name, Fortress Financial Services, Inc. would like to introduce our new name: Fortress Tax Relief. Our team of tax relief professionals would like for our clients and …
Fortress Financial Services, Inc dba Fortress Tax Relief Read More »
This is a question that many have when they first hear about the IRS statute of limitations on collections. In this post, we’ll answer that question and a lot more as we take a deep dive into the rules governing the statute of limitations placed on the IRS when they are trying to collect back …
Once an individual or business falls behind with taxes, a time-bomb clock starts ticking. If you are unable to full pay your tax liability and you wish to avoid nasty consequences, you must become eligible for some form of voluntary tax resolution.
It’s Not Easy Going Green: How Tax Blues Plague The Budding Marijuana Industry Since 2012, the legalization movement for cannabis has taken the country by storm. Starting with Colorado and Washington in the 2012 election, marijuana has now been legalized in 10 states over the past 6 years. Medical marijuana laws are in effect in …
Marijuana Business Tax Blues in Oregon, Washington, California & Colorado Read More »
Damon Roberts Interviews Vice President Michael A. Zacha of Fortress Financial Services Inc on Tax Resolution Services On December 8th, at 4 pm Eastern Standard Time (1 pm PST), Fortress Financial Services, an experienced national tax resolution services company with in-house tax attorneys, will be featured on Spotlight Television. Spotlight Television is a national television …
As a tax attorney who deals exclusively with resolving tax debts, I see a disproportionately large number of home healthcare providers as clients. Through the many home healthcare clients I have helped, I have learned that there are several aspects of the business model that put home healthcare businesses in grave danger of accruing a …
Home Healthcare Companies and Tax Liabilities: A Particularly Toxic Combination Read More »
If you owe the Internal Revenue Service money, your passport could be at risk right now and you might not even know it. Whether you already have your passport or you have just applied for one, if you travel abroad for any reason then you need to know if your delinquent taxes are about to …
Many people who owe taxes to the IRS are terrified that the IRS will swoop in and take their retirement nest egg or retirement income, thereby leaving them destitute for their golden years. Can the IRS really do that? Generally, such assets are “off limits” to creditors thanks to federal protections. But they are not …
Can The IRS Take My 401K, Social Security, IRA, Pension & Retirement? Read More »
I hear from my clients at times that an IRS Revenue Officer (tax collector) told them they could lose their house, they could be sued, their retirement and 401k will be taken, wages can be garnished, and a whole bunch of other awful scenarios. These types of threats keep people up at night and are …
If you owe taxes, but just can’t make a payment, don’t despair, there may be a solution for you in Currently Not Collectible status. Your chances will only increase if you hire a qualified tax resolution professional (not your local accountant, they usually lack experience and expertise in working tax collection cases) to guide you …
The good news is that the IRS cannot just file a Notice of Federal Tax Lien (NFTL) without any warning or notice. Several things must first occur before an NFTL gets filed. An assessment must be made, notice and demand for payment must be made, and the taxpayer must neglect or refuse to pay the …
Getting behind on your tax obligations to the IRS is very stressful. Much of that stress stems from IRS collection notices. Not only is a delinquent taxpayer’s mailbox flooded with IRS mail, but that mail almost always contains scary, bolded “PAY NOW” demands, confusing language, and seemingly conflicting numbers. Clients often come to us overwhelmed, …
6 IRS Collection Notices You Absolutely Need to Notice Read More »
Most of us have watched a TV commercial or heard a radio ad promising that a phone call to an 800 number will result in settling your tax debt for “pennies on the dollar.” Is this too good to be true? The truth is that most individuals and businesses who have gotten behind with their …
Offer In Compromise Jaw-dropping Success Stories Read More »
If you are an individual who owes money to the IRS, the last thing you want is for them to freeze your bank account or levy (garnish) your wages. The good news is that there are some very effective methods you can use to avoid such a potentially devastating situation. I’ll cover those below, along …
7 Effective Methods of Avoiding and Resolving Personal IRS Levies and Garnishments Read More »
Are you an owner or employee of a business that is delinquent with employment taxes? If so, watch out! It is possible that you will be held personally liable for what is called the Trust Fund Recovery Penalty. What is the Trust Fund Recovery Penalty? In short, the Trust Fund Recovery Penalty is a penalty …
