Generally speaking, when you are relieved of a debt outside of bankruptcy, such as when a bank forgives a mortgage, you may experience forgiveness of indebtedness income. It is kind of counterintuitive to think that forgiveness of debt can lead…
February 09, 2017
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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