How soon can one submit a seccond Offer in Compromise?
- February 20th, 2024
- David Greene
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There is no minimum wait time between Offer submissions. However, a better question is, “Is there any hope if I submit another Offer after my first one was denied?” Yes there might be, depemnding on the length of time between…
Can I go to jail for not filing taxes?
- February 12th, 2024
- David Greene
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I have a lot of clients that have failed to file returns for several years, in fact, a gentleman came in last week who has not filed in 15 years. First, you should not worry about going to jail unless…
What is the difference in a levy and a lien?
- December 1st, 2023
- David Greene
- Comments Off on What is the difference in a levy and a lien?
A tax lien is a document recorded at the county register of deeds office which simply states that the individual owes the IRS the amount of money stated on the lien. If the person named sells real property, that lien…
Does refusing an IRS certified letter cancel it?
- October 10th, 2023
- David Greene
- Comments Off on Does refusing an IRS certified letter cancel it?
Unfortunately, the tactic you propose will not work. In state court, I must serve a defendant either in person or through certified mail restricted delivery. If by mail, the defendant must sign the receipt or the service is not valid. …
Is the Fresh Start Prpogram still available? What is it and does it really help taxpayers?
- August 28th, 2023
- David Greene
- Comments Off on Is the Fresh Start Prpogram still available? What is it and does it really help taxpayers?
The Fresh Start program is still active does help many taxpayers but not all. It is designed to help those with smaller amounts owing in delinqueat taxes. Basically the program provides relief for taxpayers owing less than $25,000 in delinquent…
Can the payroll clerk be charged for the Trust Fund Penalty?
- August 2nd, 2023
- David Greene
- Comments Off on Can the payroll clerk be charged for the Trust Fund Penalty?
Yes, the IRS can pursue a payroll clerk as a “Responsible Party” for the Trust Fund penalty. I am quite sure that the owners and/or managers of the company would also be contacted and found to be responsible. They probably…
When is the best time to file an Offer in Compromise?
- June 22nd, 2023
- David Greene
- Comments Off on When is the best time to file an Offer in Compromise?
In general, i.e. in terms of “now” as opposed to several years ago, this is a good time to deal with the IRS. They have generally been more willing to compromise and make better deals for the taxpayers than in…
Does an Offer in Compromise by one ex-spouse absolve the other from the debt?
- June 21st, 2023
- David Greene
- Comments Off on Does an Offer in Compromise by one ex-spouse absolve the other from the debt?
If you and your ex-spouse filed jointly, you both are jointly and severally liable for the entire tax bill. This means that you both owe the entire amount and the IRS can pursue either or both of you for payment…
Can the IRS make me adjust my withholding amount on my paycheck?
- June 20th, 2023
- David Greene
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Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…
Can one file a second Offer in Compromise after the first is rejected?
- May 11th, 2023
- David Greene
- Comments Off on Can one file a second Offer in Compromise after the first is rejected?
Yes, you can certainly file another Offer, especially when there is a change in your circumstances. However, we should look at another possibility first. When an Offer is rejected, you have 30 days from the date of the official rejection…