Automatic Website Traffic RSS

IRS Offer in Compromise: Everything You Need to Know

An IRS offer in compromise enables you to settle tax debt for less than you owe. Eligibility requirements for these offers are specific, and the application process can take longer than a year. read more

IRS Suffers Another Defeat Related To Civil Penalties In Tax Court

The question raised in Mukhi was similar to that in Farhy—and the Tax Court wasn’t willing to deviate from that ruling. read more

IRS is waiving $1B in penalties. Beware of tax debt relief companies.

What people may not know is that the pennies-on-the-dollar promise often involves what’s called an “Offer in Compromise,” or OIC. Although this is a legitimate program offered by the IRS ... read more

Owe back taxes on April 15? Here's how tax relief can help now.

T oday officially marks the end of tax season, so if you haven't filed your taxes yet, you should do so quickly. Failing to file your taxes on time can result in any number of penalties, and if you ... read more

The IRS 'Dirty Dozen': 12 Tax Scams You Need Know About Now

Today's the last day to file taxes (without an extension, at least) and the Internal Revenue Service is cautioning taxpayers to be aware of its so-called "dirty dozen" list. read more

Can You Negotiate Your Tax Debt Down? Yes, but It's Complicated

It's possible to negotiate your tax debt with the IRS, but trying it rarely works. Here's what you need to know about the process. read more

Barry Dolowich, Tax Tips: Offer in compromise

Utilizing Form 656, Offer in Compromise, you may be in a position to negotiate a settlement with the IRS. Here are the IRS basic guidelines for making an offer. read more

Settling Your Tax Debt With an Offer in Compromise Kiplinger Tax Letter

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from ... read more