irs compromise: How Much Should I offer IRS to Settle my Back taxes?
- 11/22/20 07:13 PM
I represent taxpayers in Minneapolis, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS). The IRS allows people to settle their back tax debt for less if they meet certain requirements. One key requirement is that a person offers an amount no less than their Reasonable Collection Potential (RCP). Before determining an offer amount, we must calculate the Taxpayer's Reasonable Collection Potential.The RCP consist of two elements: net equity in assets and future income. These two elements added together will calculate the RCP. Examples of net assets include retirement and … (0 comments)
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Joe Alabi EA
Tax Resolution Specialist - Help with IRS Problems
I represent taxpayers in Minneapolis, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
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