Offer in Compromise Featured Articles
When a taxpayer has an outstanding tax liability, the IRS has authority, subject to due process considerations, to seize the taxpayer’s personal assets such as bank accounts, wages, and property to satisfy the tax debt. Under an alter ego theory…
While it is not a myth that some taxpayers can settle significant tax debt with the IRS for considerably less, the circumstances which support this type of resolution are quite specific. In fact, the IRS accepts less than 30%…
The Internal Revenue Service has sweeping powers in the form of the federal tax levy to collect when you don’t pay your taxes. It can take a significant portion of your paycheck, freeze the seize the funds in your bank…
What is the Difference between the IRS Fresh Start Program and an Offer in Compromise? You may have seen advertisements about tax relief available through the IRS Fresh Start program for taxpayers who qualify. You might have also read articles…
Introduction Sometimes, for a variety of reasons, taxpayers find themselves in a situation in which they are unable to pay for their tax obligations. This results in back taxes, which must be taken care of immediately to prevent any penalties.…
