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Channel: Offer In Compromise - OIC Category Archives — Tax Relief Blog Published by IRS Tax Relief — Tax Attorney — Tax Audit Representation — Mike Habib, EA
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Offer in Compromise vs. Installment Agreement

Offer in Compromise vs. Installment Agreement Which IRS Settlement Option is Right for You? When you owe the IRS more than you can pay, the anxiety can be overwhelming. Letters arrive with increasing...

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Offer in Compromise Representation: Expert Tax Resolution with Mike Habib, EA

When overwhelming tax debt threatens your financial stability and future, an Offer in Compromise (OIC) may provide the lifeline you need to resolve your tax obligations and regain control of your...

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Understanding IRS Offers in Compromise and the Impact of Dissipated Assets

Navigating the complexities of tax liabilities can be daunting for many taxpayers. One of the avenues available for those struggling with significant tax debt is the IRS Offer in Compromise (OIC)...

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How to Get Your Offer in Compromise Accepted by the IRS

An Offer in Compromise (OIC) is a lifeline for taxpayers who are unable to pay their tax debt in full. It’s an agreement between a taxpayer and the Internal Revenue Service (IRS) that settles the...

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Tax Levies, Liens, and How a Professional Can Help: A Comprehensive FAQ

Fresh start – tax forgiveness program – as advertised on radio, TV, internet Taxation can be a complicated and stressful matter, particularly when it comes to tax levies and liens. If you are facing a...

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Offer in Compromise and Coronavirus COVID-19

IRS has provided updated instructions to taxpayers with respect to the effects of coronavirus – COVID-19 on offers in compromise (OICs). IRS has the authority to compromise a taxpayer’s tax liability....

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Tax court upholds rejection of offer in compromise OIC denial

The Tax Court has upheld the IRS’s decision to reject a taxpayer’s proposed offer-in-compromise and to decline to abate interest and failure-to-pay additions to tax. The IRS may enter into an...

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IRS Tаx Help with Offer In Compromise

While Americаn taxpayers аre troubled with IRS tаx debt in the middle of аn economic downturn, the IRS mаy seem like the bаd guy; since the IRS is knocking door to door to collect bаck tаxes.  The IRS...

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Settling Back Tax Debt using an IRS Offer in Compromise

Nothing on this earth is scarier than owing money to the Federal Government. This is because of the fact that the IRS will stop at nothing to collect the taxes that are owed. They are the largest and...

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IRS-FTB-EDD-CDTFA-BOE Tax Audit, Back Tax, Representation, Resolution Cost...

The first thing you need if you are facing IRS-FTB-EDD-CDTFA-BOE Tax Audit, or owe back taxes and need a settlement option, is to seek a tax representation firm that specializes in resolving tax...

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Offer in compromise for backlogged taxes – get an EA, CPA for Back Taxes

Offer in compromise to settle your backlogged taxes – get an EA, CPA for Back Taxes Nothing can be more stressful and alarming than to face the dark side of the IRS. It can be a case were you owe back...

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IRS hires private debt collection agencies to collect on back taxes – Beware

IRS has announced that beginning this month, it will start to send letters to notify “a relatively small group of individuals” with overdue federal tax that their accounts have been assigned to one of...

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Offer in Compromise – OIC tax settlement

Dealing with tax debt is stressful, especially because of the aggressive methods IRS tends to employ for collecting the taxes owed to the government. These range from assessing multiple penalties on...

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Cannabis: Marijuana Businesses’ Offer In Compromise

IRS Small Business/Self-Employed Division memorandum, Calculation of Reasonable Collection Potential in Certain Offers in Compromise Cases (Apr. 28, 2016) IRS’s Small Business/Self-Employed Division...

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Offer in Compromise Help

Owe unpaid back taxes, penalties and interest? Wondering what type of help is available? If you cannot pay your entire tax debt, then a negotiated tax settlement, OIC – offer in compromise would be a...

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How Does IRS Tax Settlement Work and How to Settle the Taxes you Owe

When a taxpayer decides to resolve and pay back the owed amount using any one of the IRS payment programs/filings/settlements, it is called a tax settlement. Internal Revenue Service or IRS offers a...

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If a responsible person willfully fails to pay trust fund taxes (income tax...

The trust fund recovery penalty (TFRP) can be applied to any responsible person who willfully fails to collect or pay trust fund taxes. The penalty amount is equal to the total amount of the tax that...

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How you can settle your Back Taxes: An Offer in Compromise

If you haven’t paid back taxes, penalties, or interest – you may be able to work with us to apply for an Offer in Compromise (OIC) with the IRS in order to get compliant, alleviate your issues with the...

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Offer in Compromise: how to settle IRS debt

Offer in Compromise Often we feel a strange sense of desperation creeping in to our body, mind and soul that turns into a full scale panic attack. The reason…tax debts. It is not an uncommon fact; you...

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HOW TO GET TAX DEBT RELIEF

HOW TO GET TAX DEBT RELIEF One of the most inevitable and obligatory duty and yet most disliked one, of the American citizens is paying taxes. Even though it is disliked by many, refusal and negligence...

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