The most common form of offer in compromise submitted to the IRS is an offer in compromise based on doubt as to collectability. This is the basis for the book (Offer in Compromise Manual). Basically, what this type of offer in compromise means is that you are offering the IRS to take less than what [...]
Archive | February, 2009
Will a Levy Be Released After I Submit My Offer in Compromise
When you submit an offer in compromise to the IRS all collection activity that was planned against you in the future will be stopped and the IRS will not come after you while the offer in compromise is being considered. This rule only applies to those collections when you do not already have a levy [...]
Taxpayer Advocate Service Article
Check out the recent post at the South Carolina Tax Attorney blog about the Taxpaer Advocate Service and a scary response received from the taxpayer advocate in a serious case. If you aren’t familiar with the Taxpayer Advocate Service, they are an independent organization within the IRS that assist taxpayers who are experiencing economic harm [...]
Filing a Return when You Have No Money to Pay
A lot of people get in trouble with the IRS because they do not file their tax returns on time each year. One of the most common reasons for not filing your tax returns on time is because you do not have enough money to pay the taxes. Well, this is a mistake because when [...]
Adding 2008 Tax Liability to an Offer in Compromise
We’re at the time of year again where everyone is receiving their W-2′s and other tax information and you are ready to file those 2008 tax returns. If you owe the IRS money this isn’t always an exciting time because you don’t have to worry about getting a refund because the IRS always keeps any [...]
