Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy…
February 03, 2020
Taxes are a fact of life, but tax problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans for how to proceed in collecting what they believe you owe. After sending you notices, the IRS…
January 20, 2020
Tax Resolution and Your Finances: What is an Offer in Compromise? Owing money to the IRS can be frightening to say the least. It is easy to feel helpless in such a situation but you should not let fear and…
December 16, 2019
In this case, the retired taxpayers with severe health conditions owed the IRS over $60,000.00 for 2011, 2012, 2013 and 2014. The taxpayers entered into negotiations with a Revenue Officer and filed and Offer in Compromise. An Offer in Compromise…
April 22, 2019
IRS Trouble Solvers is pleased to announce a groundbreaking Offer in Compromise with the Illinois Department of Revenue related to unpaid sales tax and unpaid Illinois withholding income tax. Our client ran two businesses which both subsequently failed. One business…
November 12, 2018
Do you worry that you will be audited by the IRS? Well, according to recent IRS audit statistics, you may be able to breathe a little easier. It was recently reported that annual IRS audit figures are down again for the…
March 23, 2017
As tax practitioners, it is our job to ask the IRS for relief for our clients. Relief can include a request for an installment agreement, a request for penalty abatement, a request for innocent spouse relief or an Offer in…
February 20, 2017
Sovereign immunity is a legal doctrine carried over from the time of Kings in which the King and his court were immune from claims by his subjects because “the King can do no wrong.” Even though we do not have…
January 13, 2017
If you are a regular reader of this blog, you are already aware that the IRS has proposed to increase the user fees that it charges to taxpayers seeking an installment agreement or an Offer in Compromise with the IRS….
November 16, 2016
An Offer in Compromise is when taxpayers “cut a deal” with the IRS regarding your unpaid tax liability. There are three different types of Offers, namely Doubt as to Liability (“I don’t owe what the IRS says I owe”), Doubt as…
October 21, 2016
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