How long does it take for an Offer in Compromise to be approved or rejected?
- November 14th, 2024
- David Greene
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Let me make one thing clear, dealing with the IRS is not like dealing with your neighbor down the street or a local business. It will not be resolved in a matter of a few weeks or even months, especially…
Can one refinance a home that has a tax lien?
- August 26th, 2024
- David Greene
- Comments Off on Can one refinance a home that has a tax lien?
Thank you for your question. I have several clients currently with the same problem. If you have enough equity in your home to completely pay the delinquent taxes, the IRS will discharge the lien upon payment of the taxes out…
What documents does the IRS require to be submitted with an Offer In Compromise?
- July 22nd, 2024
- David Greene
- Comments Off on What documents does the IRS require to be submitted with an Offer In Compromise?
The Offer In Compromise program is a voluntary program that is offered to taxpayers who are delinquent in their taxes. Not everyone qualifies, but if you think you do and want to make an Offer you must disclose some private…
How soon can one submit a seccond Offer in Compromise?
- February 20th, 2024
- David Greene
- Comments Off on How soon can one submit a seccond Offer in Compromise?
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
- Comments Off on Can I go to jail for not filing taxes?
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
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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…