RECENT IRS INSTALLMENT AGREEMENT CHANGES

IRS Installment Agreement Changes The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes. The IRS Automated Collections System telephone call center agents generally cannot assist taxpayers when their tax liability is over $250,000.  Therefore, if a tax liability balance is… Read More »

IRS OFFER IN COMPROMISE DISSIPATED ASSET RULE

IRS Offer in Compromise If you have a tax liability with the IRS, an offer in compromise allows you to settle your tax debt for less than the full amount you owe. An offer in compromise may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial… Read More »