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Category Archives: Debt Workout
Do it yourself: Everything you need to know to resolve unpaid 941 payroll tax issues.
It happens, way to often, so your not alone. You have failed to pay your 941 payroll tax, accruing weekly and very deadly. Why deadly? Because it creates an impossible to avoid enticement, a trap, for cash flow challenged businesses. Once entered … Read More
The Dilemma Of Bad Advice From Trusted Advisors
Unfortunately, I run into this frequently. Virtually all my clients in workout mode have trusted accountants and attorneys, advisers who have either allowed them to fall into harm’s way by not providing appropriate guidance and counseling or they provide either … Read More
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What can be done to workout a defaulted SBA guaranteed loan?
One must be knowledgeable and experienced to launch a meaningful defense and a powerful offense when working out a defaulted SBA guaranteed loan. Friends, If you are reading this post, you undoubtedly have an SBA guaranteed loan and are having … Read More
Posted in Debt Workout, Offer in Compromise, SBA Loans
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Who Is The Responsible Party In A 941 Tax Default?
When a business fails to pay its 941 payroll tax obligation, who is the responsible party? The answer is that there could be many, with each being totally responsible for the entire tax, penalties and interest. This is a critical … Read More
What Can Be Negotiated In A Workout?
In a word? Anything! Any contract, lawsuit, tax, secured or unsecured debt can be successfully reduced by effective negotiation. That’s a pretty broad statement, I know, but after 30 years of negotiating debt-forgiveness I have probably seen most every aspect of … Read More
