Can My Business Settle its IRS Tax Liability with an In-Business Offer in Compromise?

Business Offer in Compromise | Payroll Tax Settlement | 941 Employment

When the Internal Revenue Service created the Offer in Compromise program, the candidates they probably had in mind were those people who were struggling to keep the lights on, feed and clothe themselves and their children, and keep a roof over their heads.  The ideal candidate, they most likely surmised, […]

I am Told I Qualify for an Offer in Compromise—Is it a Scam?

Net Realizable Equity | NRE | IRS Offer formula | TaxFortress.com

As soon as the IRS files a Federal Tax Lien against a delinquent taxpayer, it becomes public record that the person or business has a balance due to the IRS.  The lien is filed very soon after a liability is assessed.  The fact that the lien is public record means […]

TOP 5 WAYS TO REDUCE AN IRS TAX LIABILITY

How to Reduce Your IRS Tax Liability | OIC | TaxFortress.com

So, something in life or business didn’t go according to plan, and now you’re faced with an IRS tax debt. While few people relish being a collection target of America’s most formidable creditor, there may be a silver lining. You may have options which could significantly reduce the amount that […]

How to Get a Tax Pro to Settle Your Tax Liability via a “Free” Offer in Compromise

OIC | IRS Offer in Compromise | Free Tax Help | TaxFortress

If you or your business have gotten behind with the IRS, a tax settlement, also known as an Offer in Compromise (OIC), might be the best way to get rid of your tax liability—if you qualify. There are three general categories of OICs: Doubt as to Liability (I don’t actually […]

IRS Offer in Compromise: Common Challenges to Approval

IRS Offer in Compromise | Fresh Start Initiative | Form 656

You have read the Form 656, Offer in Compromise booklet, the rules under the Fresh Start Initiative, and perhaps even hired an attorney or other representative to help you submit your Offer in Compromise to the IRS.  You feel you have sent in a complete Offer, with all documentation attached. […]