You want to the get the IRS off your back, and are considering an offer in compromise. After all, at the end of each month, after you pay your bills, you have little money left...
Read PostCategory: Offer in compromise
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
There are many pros and cons to deciding whether an offer in compromise is the right next-step in resolving your IRS debt. One thing is for sure: An OIC is not a one-size-fits-all affair. There...
Read PostCategory: Offer in compromise
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 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...
Read PostCategory: Form 433A, Form 433B, IRS Collection Problems, Offer in compromise, Uncategorized
