Internal Revenue Manual: IRS collection procedures at your fingertips
You do not have to be in the dark about internal IRS collection and audit procedures. The IRS makes its playbook, the Internal Revenue Manual, available to the public. In fact, all you really wanted...
View ArticleWhy was my offer in compromise rejected by the IRS?
You just received a letter from the IRS notifying you that they are rejecting your offer in compromise. Enclosed with your letter are the IRS calculations, detailing why your offer was rejected. The...
View ArticleFresh start with the IRS? Learn how it really works
An offer in compromise can put IRS troubles behind you and bring a fresh start on your taxes. But the road to a fresh start with the IRS is not necessarily as simple as it may sound. The IRS has very...
View ArticleOffer in compromise: When do you make too money much to qualify?
An IRS offer in compromise is available to virtually anyone who owes the IRS back taxes. But it is important to avoid confusing the program’s widespread availability with success in getting your offer...
View ArticleResponding to an IRS Final Notice of Intent to Levy: Completing Form 12153
A certified mail slip comes in the mail, with a notation a letter awaits from you from the IRS, likely from the IRS Automated Collection Service. Or maybe an IRS Revenue Officer makes an unannounced...
View ArticleDoes common sense work in negotiating settlements with the IRS?
If you have a tax dispute with the IRS, expect negotiations to be different than what you may be accustomed to. In most negotiations, both sides have something at stake, something to gain and lose. In...
View ArticleIRS offer in compromise: Is it really a quick fix to my tax problems?
An offer in compromise is certainly appealing – forgiveness of your tax debt, tax liens released, freedom to use bank accounts and earn wages – all without looking over your shoulder for the IRS. But...
View ArticleOffer in compromise while you are unemployed: Is it as easy as it seems?
It makes sense on the surface: You are unemployed, owe the IRS money, and are considering an offer in compromise to settle your tax debt. Before you jump in, it is important to know that being...
View ArticleIRS offer in compromise: The good, the bad, and the ugly
There are many pros and cons to deciding whether an offer in compromise is the right next-step in resolving your IRS debt. One thing is for sure: An OIC is not a one-size-fits-all affair. There are...
View ArticleWhy was my offer in compromise rejected by the IRS?
You just received a letter from the IRS notifying you that they are rejecting your offer in compromise. Enclosed with your letter are the IRS calculations, detailing why your offer was rejected. The...
View ArticleFresh start with the IRS? Learn how it really works
An offer in compromise can put IRS troubles behind you and bring a fresh start on your taxes. But the road to a fresh start with the IRS is not necessarily as simple as it may sound. The IRS has very...
View ArticleOffer in compromise: When do you make too money much to qualify?
An IRS offer in compromise is available to virtually anyone who owes the IRS back taxes. But it is important to avoid confusing the program’s widespread availability with success in getting your offer...
View ArticleResponding to an IRS Final Notice of Intent to Levy: Completing Form 12153
A certified mail slip comes in the mail, with a notation a letter awaits from you from the IRS, likely from the IRS Automated Collection Service. Or maybe an IRS Revenue Officer makes an unannounced...
View ArticleDoes common sense work in negotiating settlements with the IRS?
If you have a tax dispute with the IRS, expect negotiations to be different than what you may be accustomed to. In most negotiations, both sides have something at stake, something to gain and lose. In...
View ArticleIRS offer in compromise: Is it really a quick fix to my tax problems?
An offer in compromise is certainly appealing – forgiveness of your tax debt, tax liens released, freedom to use bank accounts and earn wages – all without looking over your shoulder for the IRS. But...
View ArticleTax debt during retirement: How the IRS responds
The plan was to retire, payoff your house, maybe travel, devote more time to hobbies, and spend time with the family. Then some mistakes were made in paying your taxes – maybe from a business you owned...
View ArticleIs an offer in compromise necessary?
I always try to teach my kids the difference between needs and wants. You need to eat dinner; you want to eat at Chipotle. The same applies to an IRS offer in compromise. You need to keep the IRS out...
View ArticleBecome fluent in the language of IRS collection agents
An IRS collection agent throws a word or phrase your way, and you have no idea what he is talking about. As they say, it is all Greek to you. And too much is at stake to bluff your way through it. A...
View ArticleHow your living expenses can doom an IRS offer in compromise
You want to the get the IRS off your back, and are considering an offer in compromise. After all, at the end of each month, after you pay your bills, you have little money left to pay the IRS back....
View ArticleOffer in compromise while you are unemployed: Is it as easy as it seems?
It makes sense on the surface: You are unemployed, owe the IRS money, and are considering an offer in compromise to settle your tax debt. Before you jump in, it is important to know that being...
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