When our futures look bleak, let’s face it… some pretty wild ideas pop into our minds. In Chapter 7 of my book, “Tax Debt Rule #1: There’s ALWAYS a Solution,” I share some of the far-fetched ideas I have fielded over the years. Here’s an excerpt from that chapter…

Over the last few years, there has been a big push for tax professionals to expand their services offered to include tax debt resolutions. I’ve seen a lot of professional ads pushing the thought of “don’t leave money on the table with your client” and "take our weekend-long crash course to learn how to represent them before the IRS".

A few weeks ago, my book “Tax Debt Rule #1: There’s ALWAYS a Solution” was released. I know that the tax world in general is dry, technical, hard to follow, and, to put it bluntly, very boring. That was a huge obstacle I wanted to overcome with this book!

A year ago, the idea of writing a book, let alone one about tax debt, seemed ridiculous to me. However, when I sat down and started reflecting on all the clients I have helped over the decades, the fears those clients initially came to me with, and the vast number of clients who came to me after spending thousands of dollars on tax debt relief companies that did nothing for them, I knew I had a valuable message to share. 

The Golden Lion Tax Solutions team knows that the next few weeks will be, to put it bluntly, “bonkers” in your worlds. To keep your inboxes free and prevent any unnecessary distractions, we will pause our weekly blogs and next month’s newsletter. 

When notices from the IRS or state are hitting your client’s mailbox faster than a prairie fire with a tailwind, you know something must be done to address the mounting tax debt. Especially because we all know that the IRS and states are focusing on aggressive collection tactics once again, thanks to our governments spending tax dollars like drunken sailors.

We know that unexpected circumstances happen as a business’ days, weeks, and months go by. No matter the owner or manager’s best intentions or how dedicated they are to staying in front of a tax debt issue, things can fall apart faster than a slider thrown from the mound by a lefty in the major leagues

Let’s face it… everybody has a fear of being called out for a tax audit. Even the squeaky-cleanest taxpayer has this fear embedded somewhere in their brain, and for good reason!

Over the last 24-plus years, I have encountered hundreds of tax debt situations where a divorce has left one side of the marital party saying, “Why is the IRS coming after me when my ex was assigned responsibility for the debt in our divorce decree???”

I have found in today’s world; everyone wants to have an array of talents and services provided so they can claim to be a one-stop shop. While that’s a great goal, the old adage “jack of all trades, master of none” comes to mind. 

Whenever you feel like you aren’t sure what to do about a situation or whether you should turn left or right at a crossroads, who do you turn to? Is it a spouse, a friend, a therapist, or a priest, or do you send it up in a prayer to the heavens?

With so many tax debt resolution companies out there, why did I feel there was a need for Golden Lion Tax Solutions to enter the scene? First and foremost, it was because of the clients. I believe my company’s clients deserve to have the absolute best representation possible.

Many taxpayers suffer sleepless nights knowing they have a tax debt or unfiled tax returns due to the IRS or state. Taxpayers often feel helpless and uncertain of how they can afford to address their tax debt or where to start addressing the old tax returns that still need to be filed.

The phrase "tax debt" used to be said in hushed tones between a client and their tax professional behind closed doors. It was a secret that the client often felt afraid to say out loud for fear of judgment by everyone around them.

Of All the Computers in All the Offices and Homes in the Nation, Golden Lion Tax Solutions Came Across Yours… 

A new year has ushered itself into our lives, and with it comes hope. Hope that this new year will be better than the last. Hope that this is the year we will take better care of ourselves.

The holiday season brings a time of deep reflection on everything we have in our lives and how very blessed we are.

What happens when a taxpayer receives a decision or determination from the Internal Revenue Service and disagrees with it? Can it be appealed? Short answer: YES! Long answer: well, it depends on the circumstances…

When you read the title of this blog, I bet you thought, “Morgan, what in the world are you alluding to???” Hang with me, and you’ll understand… 

It’s the End of Another Business Year It’s almost the close of another year and that means it is time to start preparing the records of your business for the year end.