I always try to teach my kids the difference between needs and wants. You need to eat dinner; you want to eat at Chipotle. The same applies to an IRS offer in compromise. You need...
Read PostCategory: Currently Not Collectible, Installment agreements, Offer in compromise, Statute of limitations on collections, Uncollectible
Your business owes the IRS employment taxes, and an IRS Revenue Officer has just called you and requested that you come down to his office for a meeting to discuss the debt. Chances are, the...
Read PostCategory: Employment taxes, Revenue Officers, Statute of limitations on assessment, Trust fund recovery penalty, Uncollectible
It makes sense on the surface: You are unemployed, owe the IRS money, and are considering an offer in compromise to settle your tax debt. Before you jump in, it is important to know that...
Read PostCategory: Economic hardship and the IRS, Offer in compromise, Uncollectible
The IRS has two main sources of carrying out its work in collecting taxes: local Revenue Officers and its Automated Collection Service. When you get that call or letter from IRS collections, it’s important to...
Read PostCategory: Automated Collection Service, Collection Financial Standards, Currently Not Collectible, Form 433A, IRS collection notices, Revenue Officers, Uncollectible
There are many options to resolve an unpaid tax liability – you can agree with the IRS to make monthly installment payments, reach a settlement with an offer in compromise, eliminate the taxes in bankruptcy,...
Read PostCategory: Automated Collection Service, Currently Not Collectible, Economic hardship and the IRS, IRS collection notices, IRS Collection Problems, Ohio IRS, Statute of limitations on collections, Uncollectible
