I often have new clients come in who owe the IRS under $25,000 and have the ability to repay the debt with monthly installment agreements. If we determine they can repay the debt within 60 months,...
Read PostCategory: Automated Collection Service, Installment agreements, IRS collection notices, IRS Financial Statements
The Speedway gas station I can see from my suburban office window lists gas at $4.00 gallon. It now costs about $75 to fill-up a F-150 truck these days. At one fill-up per week, that...
Read PostCategory: Collection Financial Standards, Form 433A, Form 433B, Installment agreements, IRS Financial Statements, Offer in compromise
For the first time in 4 years, the IRS revised the financial statements that are required to be used in collection cases. There are several changes that are noteworthy, and to be careful with when...
Read PostCategory: Form 433A, Form 433B, IRS Financial Statements
