IRS allowances: Expenses you may not need to verify in settling your tax debt
When negotiating a resolution to a tax problem, expect the IRS to ask for verification of your living expenses. After verification, the IRS will likely match the amount you spend to their tables of allowances....
Read PostCategory: Collection Financial Standards, Currently Not Collectible, Economic hardship and the IRS, Form 433A, Installment agreements, IRS Financial Statements, Offer in compromise