1. You are pretty much broke. In a compromise, the IRS must be convinced that they will be unable to collect the amount of money you them in the timeframe they have...
Read PostCategory: Offer in compromise
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
This is frustrating, and has happened to my clients in the past. The IRS does not want the compromise to default any more than you do. The IRS wants to give you an opportunity to...
Read PostCategory: IRS Audits, Offer in compromise
