Why 95% of IRS Installment Agreements Fail
Tax Guard’s success rate is much, much higher. Learn how we overcome a few common, but lethal, misconceptions about the IRS.
Lenders’ Concerns re: a Client’s Corporate Tax Liability
If you have a outstanding tax debt, understand why your lender cares and how to resolve it so you can preserve your lending relationship.
IRS Payment Options & Alternatives
Can you (a) stroke a check to the IRS without (b) adversely affecting cash flow? If yes, we have options. If not, we have alternatives.
Lipstick on a Pig? PPP’s Brief Effect on Federal Tax Deposits
The federal government’s Paycheck Protection Program had a positive, but short-term effect on federal tax deposits. In late November, the Small Business Administration, under court order, released the complete list of businesses that participated in the PPP loan program.
Lenders’ Exposure to the IRS – Levy and Lien
Lenders have two forms of exposure when funding a client with a federal tax liability: (1) levy and (2) funding in second position behind a federal tax lien (tortious conversion of assets). Exposure to levy or conversion jeopardizes a lender’s collateral, but it doesn’t have to mean the end of the funding relationship. Levy v. […]
The 45-Day Rule:
An Overview
The IRS 45-day rule can be complex and confusing. It can also play out in several scenarios. Check out this informative video that breaks down the basic elements of the rule.
Understand the 45-Day Rule to Avoid Getting Burned by the IRS
Most asset-based lenders and factors are aware of the 45-Day Rule, but by gaining a deeper understanding you will be better prepared to protect your assets, maintain priority over the IRS, and hold on to your funding relationships.
Are You Safe to Fund?
The Three Stages of Resolution
A federal tax liability, without a proper resolution in place, can easily disrupt a funding relationship. Generally, there are three stages to the resolution process: pending Installment Agreement, Installment Agreement in good standing, and the subordination of federal tax lien. At each stage, your exposure to the Internal Revenue Service (IRS), whether levy and/or tortious […]
Are You Exposed? Considerations When Funding a SMLLC
Lenders frequently ask about the differences between a limited liability company’s (LLC’s) tax consequences and its exposure to liability.
Federal Tax Deposits –
A Brief Explanation
Why Do Deposits Matter? Tax Guard’s service is designed to provide early warning of federal tax issues and liabilities. Prior to Tax Guard, lenders had to perform a public record search to identify federal tax liabilities, which required the IRS to file a federal tax lien. On average, it takes the IRS 15 months to […]