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Marijuana Business Tax Information - Oregon, Colorado, Washington & California

Marijuana Business Tax Blues in Oregon, Washington, California & Colorado

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 …

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Tax-Resolution-Mike_Zacha

Fortress Financial Services, Inc., An Experienced National Tax Resolution Company, Appears On Spotlight

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 …

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Healthcare Tax Liabilities

Home Healthcare Companies and Tax Liabilities: A Particularly Toxic Combination

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 …

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Default IRS Installment Agreement

Avoiding the Disaster of a Defaulted IRS Installment Agreement (CP523)

Aside from getting behind with the IRS in the first place, defaulting an IRS installment agreement can be among the most disastrous financial missteps a person can make.  Thus, knowing how to avoid a default and what steps to take in the event that you receive a default notice is must-know info for anyone on …

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Can The IRS Take My Social Security, IRA, 401K, and Pension?

Can The IRS Take My Social Security, IRA, 401K, Pension and Retirement?

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 …

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Top 6 IRS Collection Notices

6 IRS Collection Notices You Absolutely Need to Notice

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, …

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IRS Tax Levy on Business Account

21 Days to Recover Your Money (from an IRS Levy on Business Bank Account)

“The IRS took all the money out of our business bank account(s)?!    How did this happen?   What are we supposed to do now?    I might as well shut down the business!!” It is panic inducing for a business owner to learn that the Internal Revenue Service has taken all the money out of their business …

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7 Effective Methods of Avoiding and Resolving Personal IRS Levies and Garnishments

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 …

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5 Must-Knows About Personal Liability for Unpaid Employment Taxes (Trust Fund Recovery Penalty)

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 …

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Negotiate IRS Debt IRS Debt Relief

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 ensue. Yes, dealing with the …

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Notice of Intent to Levy | Letter 1058 | Notice LT 11 & Notice CP 90 | FNIL

IRS Final Notice of Intent to Levy (FNIL)

If you or your business had the misfortune of winding up in collections with the Internal Revenue Service, you’ve probably been receiving what might seem like an overwhelming amount of mail from the IRS regarding your tax liability.  It is not uncommon for people in this situation to feel a sense of dread every time …

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