Blogs about: Tax Issue Resolution

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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 »

Tags: building profitable business orgs., Business Development, business turnarounds, business workouts, debt workouts, solving difficult business problems, Start Ups, adequate protection, Borrowing

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 »

Tags: business workouts, debt workouts, 941 payroll taxes, checking account, collection methods, get your attention, hide money, if you ignore the IRS, I.R.S.

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 »

Tags: business workouts, solving difficult business problems, offer in compromise, I.R.S., 433a, 433b, responsible party, Defaulted 941 payroll taxes, financial documentation

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 »

Tags: Asset Protection, business workouts, solving difficult business problems, appraised assets, authorized check signer, business interruption, deemed fraudulent, fair market value, Immediate Family

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 »

Tags: business turnarounds, business workouts, solving difficult business problems, 941 rebate, 941X corrected filing, borrowed money, invested capital, loan from owner, loaned capital

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 »

Tags: solving difficult business problems, Collection Due Process hearing, experienced tax professional, fair hearing, lien and levy notices, overly aggresive IRS agent, responsible parties, rights violated

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 »

Tags: alternative marketing, Asset Protection, Blogroll, building profitable business orgs., Business Development, business turnarounds, solving difficult business problems, Start Ups, Tax liens, levies

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 »

Tags: alternative marketing, Asset Protection, Blogroll, building profitable business orgs., Business Development, business turnarounds, business workouts, debt workouts, solving difficult business problems

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 »

Tags: Tax liens, levies, 100% civil penalty, 941 payment, responsible person, Source of Funds

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 »

Tags: Blogroll, business workouts, Business Development, business turnarounds, Start Ups, debt workouts, Tax liens, levies, Asset Protection, building profitable business orgs.

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 »

Tags: Asset Protection, Blogroll, business workouts, solving difficult business problems, Avoidance, Banker, communicate through a third party professional, Confrontation, create credibility

The danger of negotiating debt workouts one issue at a time4 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 »

Tags: Asset Protection, Blogroll, business workouts, debt workouts, solving difficult business problems, all the issues at once, best, creditor, Priority

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 »

Tags: Blogroll, business workouts, Tax liens, levies, Asset Protection, solving difficult business problems, act quickly, Bank Account, collection activities, Credit Cards

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 »

Tags: Asset Protection, Blogroll, business turnarounds, business workouts, debt workouts, solving difficult business problems, Tax liens, levies, 941 payroll taxes, credit cards. union benefits

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 »

Tags: Blogroll, business workouts, debt workouts, Tax liens, levies, solving difficult business problems, debt workout, debt forgivenss, ordinary income, Mortgage Forgiveness Debt Relief Act of 2007

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 »

Tags: Blogroll, building profitable business orgs., business workouts, solving difficult business problems, Tax liens, levies, Agent, Expert, guide, I.R.S.

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 »

Tags: Asset Protection, Blogroll, building profitable business orgs., Business Development, business turnarounds, business workouts, solving difficult business problems, Start Ups, invest

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 »

Tags: Asset Protection, Blogroll, building profitable business orgs., Business Development, business turnarounds, business workouts, solving difficult business problems, Start Ups, eliminating self employment tax

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 »

Tags: Blogroll, Business Development, business turnarounds, business workouts, debt workouts, solving difficult business problems, check is in the mail, Collectors, communicatng workout scenerios


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