Tag Archives: offer in compromise

Want to stop an IRS Levy?

If you can’t afford to pay your IRS tax bill, the IRS has a multitude of programs to help you out. One of the most interesting of the IRS programs is something called currently not collectible status.  If the IRS … Continue reading

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Can the IRS take away your Social Security check?

Is social security exempt from an IRS levy or garnishment?  The short answer is no, the IRS is allowed to take away your social security if you fall behind on your payments to the IRS. The rules are laid out … Continue reading

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Late Filed IRS Offer in Compromise, Tax Court decision could help you

Did you file your offer in compromise late because the IRS hardly gave you any time to fill out the forms?  The Tax Court might have thrown you a life preserver. The Tax Court case printed below dealt with a … Continue reading

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IRS rules for an offer in compromise

If you listen to TV or radio you’ve probably been inundated with offers to, “settle with the IRS for pennies on the dollar!”.  I’m pretty sure that at least 75% of our tax problem clients mention those ads. I’ve got … Continue reading

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IRS Installment Agreements are going to cost more

Owe the IRS money?  One of the simplest solutions when you owe the IRS money is to ask them to accept payments.  The official name for this is to request an installment agreement. There are a few different ways to … Continue reading

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Want to negotiate with the IRS? Read this.

Settle with the IRS for pennies on the dollar.  Wipe out your tax debt.  If you watch enough TV you would wonder why in the world anyone would pay the IRS if it is so easy to wipe out tax … Continue reading

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