Are you feeling overwhelmed by tax debt? You're not alone, and the first step toward relief is just around the corner. If you or someone you know has tax debt, it's crucial to take action before aggressive collection efforts from the IRS or state tax agencies escalate. Procrastination can lead to mounting penalties and sleepless nights.

As we close the chapter on 2024 and look ahead to 2025, I want to encourage you to pause for a moment. The holiday season, with all its hustle and bustle, often leaves us rushing from one thing to the next. But the real gift we can give ourselves is the gift of reflection.

At Golden Lion Tax Solutions, we recognize that tax professionals often encounter clients who assume obtaining Innocent Spouse Relief is a straightforward process. However, many divorced or separated individuals overlook the Internal Revenue Service's (IRS) position regarding jointly filed income tax returns.

As the year draws to a close, tax professionals are keenly aware of the importance of resolving open tax account issues ahead of the new year. It's a strategic time to ensure that tax debts are managed effectively, setting the stage for a fresh financial start.

Going through a divorce can be one of the most stressful experiences in life, and when tax debt enters the picture, it can feel overwhelming. At Golden Lion Tax Solutions, we understand the emotional and financial strain that comes with divorce, and we’re here to support you every step of the way.

At Golden Lion Tax Solutions, we know there’s no one-size-fits-all answer to resolving tax debt. Every situation is unique, which is why we offer a range of proven solutions tailored to your specific needs. Here’s an overview of the business services we provide, with links so you can learn more about each one in detail.

At Golden Lion Tax Solutions, we know there’s no one-size-fits-all answer to resolving tax debt. Every situation is unique, which is why we offer a range of proven solutions tailored to your specific needs. Here’s an overview of the individual services we provide, with links so you can learn more about each one in detail.

Morgan Q. Anderson, E.A., Founder and CEO of Golden Lion Tax Solutions, is a disciplined and persistent Senior Tax Representative with over 25 years of proven experience representing taxpayers before federal and state tax collection divisions.

I have learned a lot during the last twenty-five years and thought it would be great to share a few of those nuggets with all of you: 

Knowledge is power. When it comes to all things related to tax debt, I am proud to declare that the team at Golden Lion Tax Solutions are not just experts, but the best in the field. This is why we strive to release a weekly blog focusing on a topic related to the world of tax debt.

At Golden Lion Tax Solutions, we recognize that tax professionals often encounter clients who assume obtaining Innocent Spouse Relief is a straightforward process. However, many divorced or separated individuals overlook the Internal Revenue Service's (IRS) position regarding jointly filed income tax returns.

If you speak with an experienced tax debt resolution professional about their most requested solution by new clients, they will inevitably reply, “The Offer in Compromise.” And if you ask that same person what the most complicated solution to negotiate is, they will also inevitably reply, “The Offer in Compromise.”

Let’s face it… every industry is plagued with misconceptions. For example, let’s take attorneys. You’ve heard the phrase “ambulance chaser” before, yes? Yet there are more good attorneys out there than bad!

For those of you who play chess, you know that strategy is the key to winning the game. Tax debt can be handled in the same manner. You make strategic moves from the moment a client comes to you with a tax debt concern to ultimately move their case to a final resolution.

In the past month, I have been made aware of two instances from the tax debt resolution world that I find profoundly troubling. The details of these situations were so shocking that I couldn't help but think…

Most of us in the tax world have come across a client account where an estimated tax return has been filed on behalf of the taxpayer, also referred to as an “SFR” or “Substitute for Return.”

With so many options to choose from, it is hard to know who you can trust in your or your client’s time of need. We have all received a referral to someone who “was the best XXXX ever” from a relative/friend/colleague/neighbor, and it turned out to be a truly miserable experience.

As I approach my 25th anniversary in the tax debt resolution world, my reflections have led me to identify the most common problem that plagues taxpayers who owe money to the IRS or state: not knowing what to do to start addressing the issue.

Reading about the theories of the various aspects of tax debt resolution is one thing, but hearing how it actually works with a real client situation is entirely different. I want to start sharing examples of client cases that I have worked on with all of you and how we brought them to final resolution.

We’ve all seen and heard the commercials featuring a taxpayer who hired XYZ Tax Debt company, and they ended up paying only $500.00 on a $50,000 past due income tax debt. Can this really be done???