How to Avoid the Dreaded Federal Payment Levy Program

Federal Payment Levy Program If you or your business has unpaid federal taxes and you receive income or revenues from the federal government or an agency of the federal government, watch out!  You could be in for a rude awakening when the IRS and Treasury Department team up to keep […]

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 […]

Can I Resolve Back Taxes By Qualifying For Currently Not Collectible Status?

Business Fails to Resolve Back Taxes | Federal Tax Lien | TaxFortress.com

Benjamin Franklin once said that nothing is certain in this life but death and taxes.  I’ll agree that none of us will cheat death.  But I may quibble with Mr. Franklin on the issue of whether or not you have to pay all of your taxes.  Under the right set […]

Can I Settle My Tax Liability Even Though I Have Enough Income?

Effective Tax Administration | Offer In Compromise | Taxfortress.com

Laws often appear to be very black or white. But, real life can feel more like one big gray area. As a governmental entity, the IRS is required to treat all taxpayers equally. With regard to evaluating Offers in Compromise (tax settlements), this means that the IRS has set standards […]

Cash And Acurral Methods Of Accounting Can Impact The Outcome Of A Tax Collection Case

Accrual Method of Accounting | Installment Agreement | TaxFortress.com

To some business owners, the accounting part of their business is the last thing they want to deal with.  “Leave that to the accountant or bookkeeper and let me get to work” is the sentiment I get from a lot of small business owners. Accrual Method of Accounting Many business […]

Fortress Financial Services Featured On Moving America Forward Hosted By William Shatner

Moving America Forward Interview | Tax Resolution Services

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 […]

Will The IRS Seize My Assets, Business Or My Residence?

IRS Asset Seizure | Tax Seizure | TaxFortress.com

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 […]

IRS Automated Collection System (“ACS”) vs. Revenue Officer: What’s the Difference?

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

When an IRS tax liability goes to collections, it will either be assigned to the IRS Automated Collection System (“ACS”) or to the Collection field function, where a Revenue Officer will be assigned and charged personally with attempting to collect the unpaid tax.  Some delinquent accounts will initially be assigned […]

Can My Business Settle its IRS Tax Liability with an In Business Offer in Compromise?

Business Offer in Compromise | Payroll Tax Settlement | 941 Employment

When the Internal Revenue Service created the Offer in Compromise program, the candidates they probably had in mind were those people who were struggling to keep the lights on, feed and clothe themselves and their children, and keep a roof over their heads.  The ideal candidate, they most likely surmised, […]