IRS cartoon 2

• January 6th, 2011
• David Greene
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Required Documents For Offer In Compromise

• January 4th, 2011
• David Greene
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The Offer In Compromise program is a voluntary program that is offered to taxpayers who are delinquent in their taxes.  There are several types of Offer, namely OIC based on doubt as to collectibility, OIC based on doubt as to collectibility with special circumstances, OIC based on doubt as

New Year Thoughts

• December 31st, 2010
• David Greene
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As most of you know, the majority of my practice deals with IRS problems.  Today I want to pass along some thoughts about dealing with the IRS. The people who retain me usually owe past due taxes to the IRS.  This is a debt like any other debt, except that the IRS has greater collection powers than other

Christmas Wishes

• December 23rd, 2010
• David Greene
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For this Christmas Week blog, I would like to pay honor to this most wonderful season of the year.  It is a time for rejoicing and sharing your love and good fortunes (large or small, monetary or otherwise) with friends and family.  However, many of us with problems cannot seem to put

What to do when you receive notice of delinquent taxes

• December 14th, 2010
• David Greene
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When you receive a notice about delinquent taxes, you must first determine whether it is a notice of taxes due or a warning that additional taxes will be assessed if action is not taken.  In either case, there is an appeal period or period in which to act before further action is taken.  One should never let this period expire without contacting the IRS or filing some paperwork.

IRS Cartoon 1

• December 9th, 2010
• David Greene
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Successful Offers when assets are greater than amount owed

• December 8th, 2010
• David Greene
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Today I want to discuss an alternate type of Offer in Compromise that might work for a taxpayer who has suddenly acquired liquid assets such as a personal injury settlement.  The goal is to protect this settlement from the IRS and not have to include it in an Offer in Compromise.  The solution I am

Are Offers in Compromise affected by after-acquired assets?

• November 30th, 2010
• David Greene
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If one acquires a large sum of money after filing an Offer In Compromise, how will it affect his Offer?  After an Offer is filed, the IRS will require updates on all assets, income and expenses throughout the negotiation process.  Since the Offer process normally takes eight months to a year to complete, economic conditions sometimes change for the taxpayer.

Offer in Compromise based on Doubt as to Collectibility

• November 16th, 2010
• David Greene
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An Offer in Compromise based on doubt as to collectibility is by far the most common type of Offer.  As the name implies, the IRS is willing to take a lesser amount than is due if the taxpayer convinces the IRS that there is very little likelihood of collecting the total amount within the statute of limitations

Addressing South Carolina Delinquent Tax Problems

• November 9th, 2010
• David Greene
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Although there are similarities between methods of dealing with South Carolina tax problems and federal tax problems, there are also many differences.  Frankly, there are not as many options for settling state taxes as there are for federal taxes.  However, there are options for the taxpayer.