Top Of The Week

What are reasonable cause and good faith penalty exceptions?

What are reasonable cause and good faith penalty exceptions?

24/05/20232 minutes 31, seconds read

The existence of the elements that constitute reasonable cause, willful negligence or good faith is based on all facts...

How long does an offer in compromise take to be accepted?

How long does an offer in compromise take to be accepted?

23/05/20232 minutes 58, seconds read

Processing times vary, but you can expect it to take at least six months for the IRS to decide whether to accept or...

What percentage does irs accept for offer in compromise?

What percentage does irs accept for offer in compromise?

22/05/20232 minutes 52, seconds read

This payment is mandatory in addition to the application fee. The 20 percent payment is generally non-refundable, meaning ...

How many years before irs debt is written off?

How many years before irs debt is written off?

21/05/20234 minutes 45, seconds read

Every tax assessment has a collection statute (CSED) expiration date. Section 6502 of the Internal Revenue Code states...

Irs tax debt relief 2022?

Irs tax debt relief 2022?

20/05/20231 minute 56, seconds read

That's because the IRS determined that those families didn't have to pay taxes because of their financial situation. If...

Is an irs offer in compromise a good idea?

Is an irs offer in compromise a good idea?

19/05/20230 minutes 48, seconds read

A compromise offer allows you to pay off your tax debt for less than the full amount you owe. It can be a legitimate...

Highlights

Does the irs ever forgive back taxes?

Does the irs ever forgive back taxes?

18/05/20232 minutes 43, seconds read
Does irs have to settle old tax debt?

Does irs have to settle old tax debt?

17/05/20232 minutes 54, seconds read
Does irs ever forgive taxes?

Does irs ever forgive taxes?

16/05/20232 minutes 42, seconds read
Is the irs fresh start program a real thing?

Is the irs fresh start program a real thing?

15/05/20232 minutes 10, seconds read

Recent Post

Does the irs forgive tax debt after 7 years?

Does the irs forgive tax debt after 7 years?

14/05/20233 minutes 55, seconds read

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt. After that, the debt is erased...

How hard is it to get an offer in compromise?

How hard is it to get an offer in compromise?

13/05/20233 minutes 1, second read

However, statistically, the odds of getting a compromise offer from the IRS are quite low. If you have a serious tax debt ...

How do i get tax debt relief?

How do i get tax debt relief?

12/05/20234 minutes 20, seconds read

You may be able to find tax relief through what is called a compromise offer. This allows you to settle your back taxes...

Who qualifies for the irs forgiveness program?

Who qualifies for the irs forgiveness program?

11/05/20234 minutes 45, seconds read

We have to pay a fee to help you with this program, we don't offer a free service. The IRS offers a debt forgiveness...

Who qualifies for irs fresh start?

Who qualifies for irs fresh start?

10/05/20231 minute 59, seconds read

The IRS's new Fresh Start initiative helps taxpayers who owe taxes. While you can talk to the IRS through a trusted tax...

What can the irs not take from you?

What can the irs not take from you?

09/05/20233 minutes 21, seconds read

When you challenge an IRS collection action, all collection activity must be interrupted during your administrative...

How hard is it to get an offer in compromise with the irs?

How hard is it to get an offer in compromise with the irs?

08/05/20230 minutes 40, seconds read

However, statistically, the odds of getting a compromise offer from the IRS are quite low. Liability doubt occurs when...

What is the fresh start program with the irs?

What is the fresh start program with the irs?

07/05/20232 minutes 24, seconds read

If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The program was designed to...