Posts Tagged ‘payment plan’

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 one file a second Offer in Compromise after the first is rejected?

  • May 11th, 2023
  • David Greene
  • Comments Off on Can one file a second Offer in Compromise after the first is rejected?

Yes, you can certainly file another Offer, 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 the official rejection…

Is there a Fresh Start Program for businesses?

  • October 31st, 2022
  • David Greene
  • Comments Off on Is there a Fresh Start Program for businesses?

The Fresh Start program for companies is not discussed much, but it is there in a different format.  The Fresh Start for business offers an Express Installment Agreement.  To qualify, the business must meet the following criteria: (1) the amount…

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…

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