Tag: Offer in compromise

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...

Do you disagree with the IRS, and are becoming frustrated because no one is listening? Maybe you are under audit, and the IRS Revenue Agent is being difficult, taking unreasonable positions, or proposing changes to...

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...

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...

You were brave enough to pick-up and open your certified mail, and there it was – an IRS Final Notice of Intent to Levy. The law is intended to avoid surprises from the IRS and protect...

Do you need IRS audit or collection help, or can you go at it alone with the IRS? You may currently be uncomfortable with what an IRS agent is telling you, or what your rights...

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...

It can be overwhelming when the IRS demands payment, considering the power the IRS has to levy your wages, bank accounts, house, and business.  When you have an IRS problem, it is natural – and...

You negotiated a payment plan with the IRS, and they have been leaving you alone.  As long as you make that payment, IRS letters and calls are on hold, and things are OK. But what if...

How frequently can the IRS ask you for a collection information financial statement? To resolve most IRS collection cases, the IRS requires a disclosure of your finances.  If you think about it, that’s fair.  You...

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...

I would like to share my response to a reader who was experiencing financial hardship because the IRS had levied his state income tax refund, and he needed the money to get his house out...

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...

Proceeding blindly is something that you rarely want to do with the IRS. If you owe back taxes, or have unfiled returns, or are in any way concerned about an IRS problem, it’s best to...

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...

If an IRS tax lien is hurting your credit, or stopping you from purchasing a house or car, the IRS offers a path to freedom. The IRS will withdraw the lien from public record in...