Can a couple file one Offer In Compromise if they have separate tax liabilities?
- August 20th, 2019
- David Greene
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If you retain me to help you I, of course, want to solve both of your problems with the IRS so you can both rest easy. Therefore, I will have to determine the best way to file your Offer. Since…
Is there any remedy if the IRS threatens to seize a taxpayer’s home?
- July 11th, 2019
- David Greene
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The IRS may foreclose on and seize a taxpayer’s home when settlement negotiations break down. However, there may still be hope. The situation usually is that an Offer In Compromise has been denied and the taxpayer feels that he owes…
Alternatives to the Seizure of your Home for Delinquent Taxes.
- July 9th, 2019
- David Greene
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There are several collection alternatives to seizure that are available to taxpayers. In fact, seizure of your home or other property is the last avenue the IRS will pursue. I am not discussing levies on wages or bank accounts here….
Is there a downside to filing an Offer in Compromise that I know will fail?
- June 27th, 2019
- David Greene
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This is a question that has a simple answer and a correct answer. Yes you can file and appeal an Offer that you know probably will not be accepted. However, I do not do that for my clients. If I…
Can IRS disputes be mediated – Part 2
- June 11th, 2019
- David Greene
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We addressed this question last week. I said that the IRS will mediate a great many cases, such as a disputed Offer in Compromise, Trust Fund Recovery cases and most appeals disputes. However, one cannot use mediation in Collection Due…
Is this a good time to file an Offer In Compromise?
- May 14th, 2019
- David Greene
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The answer is both yes and no. 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…
What does “Not Processible” mean in terms of an Offer In Compromise?
- March 27th, 2019
- David Greene
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“Not processible” means that you failed to fulfill at least one of the many technical requirements to have to be met when filing an Offer, e.g. one is putting your initials and date in the bottom right corner on every…
Does a Personal Injury settlement have to be counted as an asset in an Offer in Compromise?
- December 12th, 2018
- David Greene
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Let’s look at the situation where, except for the settlement, you would be eligible for an Offer In Compromise based on doubt as to collectibility. In any Offer in Compromise, the IRS will require that you count the settlement as an…
Can one make one Offer In Compromise to cover both individual and payroll taxes? Part 2.
- November 29th, 2018
- David Greene
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Last time I answered this question for the situation where the company is unincorporated. This week we look at a small corporation where one or two people own all the stock. This analysis will usually also apply to an LLC…
Can one make one Offer In Compromise to cover both personal taxes and payroll taxes?
- November 13th, 2018
- David Greene
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Thank you for your question. I need more information to answer the question fully, but I will answer it for different scenarios in this week’s and a later column. The first situation is if your company is a sole proprietorship…