Posts Tagged ‘payment plan’

Is there a fee to set up an Installment Agreement with the IRS?

  • August 16th, 2022
  • David Greene
  • Comments Off on Is there a fee to set up an Installment Agreement with the IRS?

Yes, there is an application fee for an Installment Agreement.  The IRS used to charge a user fee of $43.00 to set up the account for the Installment Agreement.  However, several years ago, this fee was increased to $105.00.  Unlike…

What is the “Effective Tax Administration” doctrine?

  • May 13th, 2022
  • David Greene
  • Comments Off on What is the “Effective Tax Administration” doctrine?

There are three methods under which an Offer In Compromise is considered.  The first two are Doubt as to Collectability and Doubt as to Liability.  The third (and newest) method under which you can submit an Offer is Effective Tax…

What to do if you owe on your return but cannot pay.

  • April 13th, 2022
  • David Greene
  • Comments Off on What to do if you owe on your return but cannot pay.

First let me remind everyone that Tax Day is getting very close.  The deadline to file is April 18 this year due to a Washington, DC holiday.  Also, let me make it clear that you always need to file your…

What are the most important factors to consider in an Offer in Compromise?

  • October 7th, 2021
  • David Greene
  • Comments Off on What are the most important factors to consider in an Offer in Compromise?

Recently I promised to further discuss requirements for having an Offer accepted and not later revoked.  We assume the technical requirements discussed last time have neem met.           To accept an Offer In Compromise, the IRS must be convinced that your…

What is the IRS program Currently Not Collectible?

  • September 29th, 2021
  • David Greene
  • Comments Off on What is the IRS program Currently Not Collectible?

You may qualify for  Currently Not Collectible Status.  To qualify for that status you do not have to be destitute with no assets and no job.  However, you do need to be in such a financial position that all or…

When can an Offer in Compromise be returned without considering the merits?

  • September 14th, 2021
  • David Greene
  • Comments Off on When can an Offer in Compromise be returned without considering the merits?

An Offer can be “returned,” i.e. not even considered, for technical reasons. This does not mean it was denied.  When an Offer is first received, it must pass several tests to be considered.  If it fails these technical requirements, it…

Is the Offer In Compromise program a tax scam?

  • May 25th, 2021
  • David Greene
  • Comments Off on Is the Offer In Compromise program a tax scam?

The Offer in Compromise program is not a scam.  However, scammers use the promise of an Offer to scam you.  There are a lot of scams being run today, one of which states that the promoter can settle your back…

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