Offer in compromise

An offer in compromise can put IRS troubles behind you and bring a fresh start on your taxes. But the road to a fresh start with the IRS is not necessarily as simple as it may sound. The IRS has very strict criteria that they use to determine if a tax debt should be compromised. […]

Read More

You just received a letter from the IRS notifying you that they are rejecting your offer in compromise.  Enclosed with your letter are the IRS calculations, detailing why your offer was rejected. The IRS might as well be speaking a foreign language – what do all their calculations mean? And do you have a good […]

Read More

You want to submit an offer in compromise to the IRS, but you need an answer and relief now, fast.  Your circumstances are immediate, but it takes the IRS a minimum of 6-9 months to process, investigate and get managerial approval of an offer in compromise. That may not be acceptable.  Maybe you are selling […]

Read More

A common question from a reader about the IRS settling for tax and forgiving the interest and penalties: I owe the IRS $35,000 – I would like to pay what I owe, but the interest and penalties just seem awfully high.  I want to offer to pay the IRS what I originally owed – will […]

Read More
Page 1 of 812345...Last »