The Fresh Start Program is an umbrella label of several changes instituted into IRS tax laws to help taxpayers and small businesses deal with rising tax debt. Although it has been active for several years and is fully available for the 2019 tax year, there isn’t...
When dealing with the IRS, having a target or strategy is important in finding a mutually beneficial compromise. The situation already lends itself to trying to pay as little as possible, but submitting a low-ball offer may receive a quick refusal leaving the taxpayer in a...
In times of desperation, it is important to get good counsel and not make rash decisions. This is especially true when dealing with cascading federal income tax debt. As dark as it may seem, there is hope and there are solutions that the IRS offers...
The Offer In Compromise Calculator Tax debt is an unbearable burden that devastates families and businesses every year. The IRS Offer In Compromise (OIC) can be a workable solution for those who qualify to settle their debt for an amount less than what they owe. As with...
The IRS Offer in Compromise (OIC) is a legitimate program that enables taxpayers to settle their tax debts for less than they owe. However, this program is not as simple and reasonable as all the tax ads make it sound. Very few taxpayers actually qualify for...