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...
View ArticleOffer 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...
View ArticleUnderstanding 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)...
View ArticleHow 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...
View ArticleTax 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...
View ArticleOffer 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....
View ArticleTax 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...
View ArticleIRS 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...
View ArticleSettling 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...
View ArticleIRS-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...
View ArticleOffer 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...
View ArticleIRS 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...
View ArticleOffer 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...
View ArticleCannabis: 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...
View ArticleOffer 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...
View ArticleHow 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...
View ArticleIf 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...
View ArticleHow 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...
View ArticleOffer 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...
View ArticleHOW 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...
View Article