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100k tax debt

What Happens When You Owe $100,000 to the IRS?

Facing a $100,000 tax debt presents a pivotal moment filled with concerns and uncertainties about financial stability and potential Internal Revenue Service actions.  This situation, while daunting, is not unique, and many find themselves navigating similar challenges. Understanding the IRS’s mechanisms, exploring resolution options, and strategically planning your next steps are crucial. This blog aims to demystify […]

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Definition: Tax Lien

Tax Liens

When your tax debt gets sufficiently large, or your plan to resolve that debt will take more than a few years to pay it off, the fact is that the taxing authorities will likely file Notices of Federal Tax Lien. The liens are intended to secure the debt, and they give notice of the government’s

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IRS Offer in Compromise | Fresh Start Initiative | Form 656

IRS Offer in Compromise: Common Challenges to Approval

No single IRS resolution strategy is marketed with more verve and breathless urgency than the Offer in Compromise strategy (aka Tax Settlement).  Tax relief companies tout this strategy as a surefire “pennies on the dollar” sweepstakes that you can’t afford not to pursue.  You may have even heard first-hand stories from friends who owed six

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IRS Installment Payments

IRS Installment Payments: Can I Avoid Back Tax Penalties

Answer: Depending upon the specifics of your situation, it may be possible to avoid hundreds, or even thousands, of dollars in penalties simply by “designating” IRS installment payments applied toward your tax liability.  Keep in mind that payments made in accordance with a formalized installment agreement are not considered voluntary, so you have no right

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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

7 Effective Methods of Avoiding IRS Levies and Garnishments

Fortress Tax Relief has caring and knowledgeable professionals on staff who would be happy to review your tax scenario over the phone, answer any questions you might have, assess your risk of enforced collections, and recommend a solution tailored specifically to you or your business.  There is no charge for a telephone consultation, so pick

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