Posts Tagged ‘Offer in Compromise’

Can a taxpayer submit more than one Offer in Compromise?

  • February 9th, 2021
  • David Greene
  • Comments Off on Can a taxpayer submit more than one Offer in Compromise?

Yes, one can certainly file a second Offer after a rejection, 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…

Can one ever settle with the IRS for less that he owes?

  • January 19th, 2021
  • David Greene
  • Comments Off on Can one ever settle with the IRS for less that he owes?

I get this question is some form at least once a week.  I have not answered it in awhile, so here is my answer.  The beginning of the new year is a good time to answer this.  Many times the…

HAVE YOU MADE YOUR NEW YEAR RESOLUTIONS?

  • January 13th, 2021
  • David Greene
  • Comments Off on HAVE YOU MADE YOUR NEW YEAR RESOLUTIONS?

Well, Christmas is over and we have rung in the New Year.  During this past week many people made New Year resolutions.  Did you make any?  Most of these deal with either working on a healthier and better body or…

New Year Thoughts

  • December 29th, 2020
  • David Greene
  • Comments Off on New Year Thoughts

As most of you know, the majority of my practice is dealing with IRS problems and Estate Planning.  Today I want to pass along some thoughts about both of those areas. Even as the COVID-19 pandemic rages on, our problems…

What is my process for resolving delinquent taxes for clients?

  • September 23rd, 2020
  • David Greene
  • Comments Off on What is my process for resolving delinquent taxes for clients?

Since each case is unique to its own set of facts, I can only discuss general guidelines of our process.  When one retains me, he will sign a Form 2848 Limited Power of Attorney that allows me to represent him…

What is an Offer in Compromise based on Doubt as to Liability?

  • August 25th, 2020
  • David Greene
  • Comments Off on What is an Offer in Compromise based on Doubt as to Liability?

The Offer in Compromise program is a voluntary program that is offered to certain taxpayers who are delinquent in their taxes. There are three types of offers, including this one. The other two types are an Offer in Compromise based…

The PEOPLE FIRST INITIATIVE from the IRS

  • April 3rd, 2020
  • David Greene
  • Comments Off on The PEOPLE FIRST INITIATIVE from the IRS

In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative.  The highlights are as follows: If you are in an existing Installment Agreement, payments due between…

Which people get in tax trouble the most?

  • March 12th, 2020
  • David Greene
  • Comments Off on Which people get in tax trouble the most?

I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently.  Self employed people tend to find themselves…

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