Blogs about: Tax Issue Resolution
Featured Blog
If you are considering borrowing from friends or family...don't...but if you must, here is how to do it.
This may come as a shock to you but in my experience over many years and many similar situations, friends and family frequently co-sign notes, lend cash, and lend credit cards, and while the best in… more »
lets-talk-business
If you are considering borrowing from friends or family...don't...but if you must, here is how to do it.
Donald Todrin wrote 6 days ago: This may come as a shock to you but in my experience over many years and many similar situations, fr … more »
Beware if you ignore the IRS, they have some very powerful and damaging collection tools, levying your checking accounts and accounts receivables.
Donald Todrin wrote 2 months ago: The IRS has huge power to do many things that will cause you great pain and suffering and loss of pr … more »
IRS Offer in compromise or a payment program, choose your poison, but not both.
Donald Todrin wrote 2 months ago: If you have defaulted on your 941 payroll tax payments and have built up a debt and are now dealing … more »
If your business has tax liens...can you sell it or its assets to immediate family members?
Donald Todrin wrote 2 months ago: The IRS code says that transfers between immediate family members is deemed fraudulent on its face. … more »
You are probably overpaying your 941 payroll tax and how to recapture it.
Donald Todrin wrote 3 months ago: I have huge issues with the level of business, accounting and tax advice many accountants fail to pr … more »
What to do if you get an IRS agent who is overly aggresive.
Donald Todrin wrote 3 months ago: It happens, allot. They may seem nice, and appear to understand your predicament, and sound like th … more »
Add a video to your blog or web site, talk personally to your market place..
Donald Todrin wrote 3 months ago: I spoke about this a number of months ago when I discussed the need to not only have a web site but … more »
Important small businss owner advice: Laugh a little, its only money.
Donald Todrin wrote 3 months ago: I frequently remind my friends, clients, and random associates, to laugh. After all we are not livin … more »
941 tax workouts and responsible person payments...the "source of funds" issue.
Donald Todrin wrote 3 months ago: Unfortunately there are subtleties associated with paying off the 100% civil penalty from the respon … more »
Establishing small business lines of credit... no matter what your personal credit may be.
— 8 comments
Donald Todrin wrote 3 months ago: Every business owner needs a line of credit, borrowing power. Its like gasoline for the engine, with … more »
Do not hide behind third party representatives, your hired guns...Meet with the IRS, your bank and other secured creditors and lenders, it's critical for a successful workout.
Donald Todrin wrote 3 months ago: No one wants to deal with the IRS, or their banker when in default and owing secured personally guar … more »
The danger of negotiating debt workouts one issue at a time
— 4 comments
Donald Todrin wrote 4 months ago: There is a general tendency for business owners in deep economic trouble to approach the myriad of … more »
Workouts require speedy decisions and rapid implementation, or you can suffer huge preventable losses.
— 2 comments
Donald Todrin wrote 5 months ago: Workouts require speedy decisions and rapid implementation or you can suffer huge losses while you c … more »
Sub-contractors nightmare, slow or no payment from the general contractors.
Donald Todrin wrote 5 months ago: With the housing and building industry being sharply reduced, contractors are facing daunting challe … more »
Warning, debt forgiveness converts to ordinary income and is taxable!
— 4 comments
Donald Todrin wrote 6 months ago: Debt forgiveness converts to ordinary income and is taxable…beware! Clearly a major focus of … more »
Do not meet with the IRS without experienced representation.
Donald Todrin wrote 6 months ago: I have seen a few wrongful acts perpetuated by unscrupulous IRS agents when the tax payer is not … more »
Are you taking a paycheck? Why?
— 1 comment
Donald Todrin wrote 6 months ago: Sounds like a silly question, but its quite serious, are you taking a paycheck? Of course most of yo … more »
Business owners should buy the real estate and the machinery and rent it to the business. Here is why.
Donald Todrin wrote 7 months ago: A few reasons exist supporting the strategy calling on the business owner to purchase the real estat … more »
Tell your creditors you cannot pay them. Tell them your plan. They will cooperate.
— 2 comments
Donald Todrin wrote 7 months ago: We all know when we are spinning a yarn, especially when we tell someone we are going to pay the … more »
