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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 & Get Relief

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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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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Payroll Service Contract | Offer In Compromise Default

Why You Can’t “Set It and Forget It” With A Payroll Service

I recently received a phone call from a former client with a big problem.  We had negotiated an Offer in Compromise for this client in 2012, saving her business a few hundred thousand dollars.  One of the conditions when the IRS accepts an Offer in Compromise is that the taxpayer must not accrue any new …

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

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

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 of circumstances, full payment of …

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Effective Tax Administration | Offer In Compromise | Taxfortress.com

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

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 for how they review the …

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

Accrual Method of Accounting | Installment Agreement | TaxFortress.com

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

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 owners just don’t have the …

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Moving America Forward Interview | Tax Resolution Services

Moving America Forward 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 Asset Seizure | Tax Seizure | TaxFortress.com

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

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 they seize my residence?  These …

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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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Business Offer in Compromise | Payroll Tax Settlement | 941 Employment

Can My Business Settle IRS With Business Offer in Compromise?

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, is not a for-profit business.  …

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Net Realizable Equity | NRE | IRS Offer formula | TaxFortress.com

I am Told I Qualify for an Offer in Compromise—Is it a Scam?

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 that anybody who cares to …

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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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IRS Dirty Dozen Tax Scams | Fortress Financial Services Inc

How To Defend Yourself Against The Dirty Dozen Tax Scams

Each year, the IRS publishes its “Dirty Dozen” tax scams, which is essentially a list of the biggest, most widespread tax-related scams. Typically, the lion’s share of the “Dirty Dozen” consists of schemes perpetrated by individuals and businesses trying to scam the IRS by way of abusive tax shelters, hiding money offshore, padding deductions on …

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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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When does the IRS file a tax lien?

What Is An IRS Tax Lien And How Does It Affect Me?

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 …

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