IRS Law Blog

An offer in compromise is certainly appealing – forgiveness of your tax debt, tax liens released, freedom to use bank accounts and earn wages – all without looking over your shoulder for the IRS. But...

If you have a tax dispute with the IRS, expect negotiations to be different than what you may be accustomed to. In most negotiations, both sides have something at stake, something to gain and lose....

You have tried and failed at settling your tax debt with the IRS – your offer in compromise was rejected – and are now considering bankruptcy for relief from the taxman. But before you jump...

The average amount of an IRS settlement in an offer in compromise is $6,629.  Sounds good, doesn’t it? If only it was that easy – everyone would be doing it, right? The reality is that...

We all love hearing offer in compromise success stories, and an IRS offer in compromise is available to virtually anyone who owes the IRS back taxes.  But it is important to avoid confusing the program’s...

What if you can afford a monthly installment agreement with the IRS, but your payments will not ever repay what you owe? The good news is that the IRS will give you a partial pay...

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...

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...

You do not have to be in the dark about internal IRS collection and audit procedures. The IRS makes its playbook, the Internal Revenue Manual, available to the public.  In fact, all you really wanted...

You have a fresh start with the IRS – you received notice that your offer in compromise has been accepted. The IRS agreed that you could not pay your taxes back, and that a settlement...

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...

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...

Negotiating with the IRS can be frustrating for the uninitiated.  Intimidating.  Overwhelming. Stressful.  Not the best way to feel when entering into a negotiation, much less when the party on the other side has the...

You owe the IRS and would like to put past mistakes behind you and get a fresh start.  You may have heard a lot about the IRS offer in compromise program – popularized by those...

Deciding whether it is best to submit an offer in compromise or file bankruptcy on your taxes involves thoughtful consideration of many factors.  Those factors include how long each can take, which option will have...

As a general rule, count on IRS interest and penalties doubling the amount you owe every five years.   Interest is only part of the cause; it is the penalties that really hurt. Interest rates...

Making it through an IRS audit is stressful and anxiety ridden, but for many, it is not the end of the road in dealing with the IRS.  Many IRS audits result in balances due.  Here...