HOW TO NEGOTIATE IRS DEBT

To most people, the Internal Revenue Service is a mystery. It collects taxes and can make your life miserable. But beyond that, how the IRS operates is relatively unknown. This is one of the reasons why, when an individual or business owes a significant debt to the IRS, sleepless nights […]

WHY YOU CAN’T “SET IT AND FORGET IT” WITH A PAYROLL SERVICE

Payroll Service Contract | Offer In Compromise Default

I recently received a phone call from a former client with a big problem.  We had negotiated an Offer in Compromise for this client in 2012, saving her business a few hundred thousand dollars.  One of the conditions when the IRS accepts an Offer in Compromise is that the taxpayer […]

Tax Compliance: What You Need to Know to Become Eligible for an IRS Installment Agreement or Offer in Compromise

Tax Compliance & Eligibility | Installment Agreement | Offer in Compromise

In order to be eligible to resolve an outstanding federal tax liability on a voluntary basis (e.g. Installment Agreement, Offer in Compromise), as opposed to having it forcefully resolved through collection action such as levies, garnishments, and the seizure of assets, the IRS has two basic requirements. The first requirement […]