Does the Frersh Start program work for companies?
- October 17th, 2017
- David Greene
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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…
What is the Expanded Fresh Start Program?
- October 10th, 2017
- David Greene
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The Fresh Start program has been expanded. It was recently expanded to help taxpayers who owe up to $100,000 in delinquent taxes. They will be able to enter into an Expedited Installment Agreement if they can pay the balance due…
Learn what the IRS charges to set up an Installment Agreement.
- August 29th, 2017
- David Greene
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The IRS charges a user fee to set up an Installment Agreement for a taxpayer. 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…
Why should you voluntarily increase your monthly tax Installmant Agreement payments?
- August 22nd, 2017
- David Greene
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If you are in an Installment Agreement and find that you could easily be paying more per month you should consider doing so, for by increasing your payment you will pay off the Agreement early and save interest. You do…
What is the Fresh Start progran for those who owe delinquent taxes?
- August 15th, 2017
- David Greene
- Comments Off on What is the Fresh Start progran for those who owe delinquent taxes?
The Fresh Start program helps many taxpayers but not all. It is designed to help those with smaller amounts owing in delinqueat taxes. Basically the program provides a simple way for taxpayers owing less than $25,000 in delinquent taxes to…
Can one submit a second Offer in Compromise after his first one has been denied?
- July 26th, 2017
- David Greene
- Comments Off on Can one submit a second Offer in Compromise after his first one has been denied?
The easy answer to the question is that, “yes”, one can submit another Offer. There is no minimum wait time between Offer submissions. However, I expect that the real question is, “Is there any hope if I submit another Offer?” …
Will a taxpayer be in criminal trouble because he has a very large tax debt?
- May 17th, 2017
- David Greene
- Comments Off on Will a taxpayer be in criminal trouble because he has a very large tax debt?
As I’ve stated many times before, a taxpayer is not going to jail for non-payment of taxes. There has to be some kind of fraud or deliberate attempt to avoid tax involved to be referred to the criminal division. By…
Changes in IRS collection methods for 2017 that make it harder to resolve a delinquent taxpayer’s debt.
- May 9th, 2017
- David Greene
- Comments Off on Changes in IRS collection methods for 2017 that make it harder to resolve a delinquent taxpayer’s debt.
Here are five new changes in IRS collections techniques. 1. The IRS is using private debt collectors for the third time. They sometimes can be easier to deal with than a revenue officer, but usually they have less leeway in…
All tax returns must be filed to submit an Offer in Compromise
- April 25th, 2017
- David Greene
- Comments Off on All tax returns must be filed to submit an Offer in Compromise
In order to be considered for an Offer in Compromise, the taxpayer must be current with all income tax return filings. If the taxpayer is a company, this requirement includes payroll tax and federal unemployment tax filings as well as…
Can a taxpayer file more than one Offer in Compromise?
- April 18th, 2017
- David Greene
- Comments Off on Can a taxpayer file more than one Offer in Compromise?
Yes a taxpayer can certainly file a second Offer, especially when there is a change in his financial circumstances. However, we should look at another possibility first. When an Offer is rejected, the taxpayer has 30 days from the date of the official rejection…