irs: What is the IRS Offer In Compromise?
- 08/17/22 09:29 AM
The main focus of my practice is taxpayer representation involving IRS tax issues and compliance. Offer In Compromise is a program instituted by the IRS for taxpayers who cannot pay the taxes they owe, or for taxpayers for whom it would create a financial hardship to pay the taxes they owe. An Offer In Compromise allows taxpayers to settle their tax bill for less than the full amount owed. When considering whether to allow a taxpayer to settle his bill with an offer in compromise, the IRS will look at the taxpayer's unique circumstances, including their income, ability to pay, expenses, and any … (0 comments)
irs: Balance-due notices on joint returns issued in error, IRS says
- 08/03/22 07:50 AM
The main focus of my practice is taxpayer representation involving IRS tax issues and compliance. Some taxpayers who filed tax returns for 2021 using the married-filing-jointly filing status may receive or have already received an IRS notice CP14 erroneously demanding a remaining tax balance owed or an incorrect amount owed, the IRS said in a statement Wednesday. Generally, the error occurs when a payment was made by a spouse who was the second-listed taxpayer on the return (secondary spouse). The IRS said its programming does not credit payments made by the secondary spouse to the couple's joint account when they are either … (1 comments)
The main focus of my practice is taxpayer representation involving IRS tax issues and compliance.
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