Monthly Archives: May 2010

BASICS OF OFFERS IN COMPROMISE Part 2

How much do you need to offer to the IRS to have an OIC accepted?  What are the criteria for determining whether an Offer in Compromise is acceptable to the Internal Revenue Service?

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PENNIES ON THE DOLLAR—FACT OF FICTION???

There are advertisements splashed all over the Television and the internet claiming to be able to settle taxes for pennies on the dollar.  If you get a tax lien issued against you, you will get letters from outfits all over … Continue reading

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Basics of an Offer in Compromise

The Internal Revenue Service has recently relaxed the standards for their acceptance of Offers in Compromise.  This easing of the requirements will result in many more OIC’s being filed and accepted. The purpose of this series of articles is to … Continue reading

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The Internal Revenue Service Relaxes Rules for Acceptance of Offers in Compromise

A recent announcement by the IRS Commissioner Doug Shulman states that the Internal Revenue Service will be relaxing the guidelines for the acceptance of Offers in Compromise. While there are no definitive statements as to how the relaxed rules will … Continue reading

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Basics of Installment Agreements

There are three general types of Installment Agreements that the IRS will accept, depending on circumstances.  They are: STREAMLINED INSTALLMENT AGREEMENT: If the taxpayer owes less than $25,000, an installment agreement is not as difficult to obtain.  The IRS has … Continue reading

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