Which is better, an Offer in Compromise or Installment Agreement?
- June 14th, 2016
- David Greene
- Comments Off on Which is better, an Offer in Compromise or Installment Agreement?
If you qualify for an Offer In Compromise due to your current financial situation, then it is always better to do the Offer. Often we can offer the IRS a small fraction of the total amount you owe. If the…
Learn what to do if you can’t pay the tax due on your return.
- March 29th, 2016
- David Greene
- Comments Off on Learn what to do if you can’t pay the tax due on your return.
First you should file your return on time even if you cannot pay the amount due. What you do not want to do is ignore the tax due. There are several ways you can arrange to pay the tax to…
Can a wage levy be stopped by agreeing to a voluntary payment plan?
- March 25th, 2016
- David Greene
- Comments Off on Can a wage levy be stopped by agreeing to a voluntary payment plan?
The answer depends on who is levying the wages. The South Carolina Department of Revenue will not release a levy after it has attached until the levy is paid in full. They take 25% of the employee’s gross (before taxes)…