Thanks for coming back to IRSCompromiseHelp.com. If you haven’t already, please sign up for our newsletter to receive the free e-course “What Everyone Ought to Know about Tax Problems.”Recently, I was asked by a reader: “Will the IRS usually accept an offer in compromise when you owe taxes?”
“Usually” is probably not the right word. [...]
Setting up an Installment agreement can be a challenge, but it is also a great way to resolve some IRS cases. Very simply put, an installment agreement is a way to pay off your tax debt with a monthly payment plan. You may full pay your tax debt or you may not, depending on the [...]
There are several statues of limitations when it comes to how long the IRS has to collect tax debt from you. The first statute of limitations you have to worry about is the time the IRS has to go back and examine (or audit) your income tax return. The IRS has three years from when [...]