offer in compromise: Video: How to set up a Payment plan with the IRS?
- 04/05/21 12:37 AM
I have just uploaded a 5min video on how to set up a payment with the IRS?There are 4 types of payment plan that the IRS offers, certain conditions have to be met. Here is the link https://youtu.be/n9OUuAyN72g If you or someone you know owe back taxes or needs help in setting up a payment plan with the IRS .Please feel free to contact me by phone 612 516 5878 or through email at joe.alabi@fishcontax.com Joe Alabi EA MAcct(Taxation) FishCoin Tax Solutions 4124 Quebec Aven
If you or someone you know have years of unfiled taxes, wants to remove an IRS tax lien on their home. Please feel free to call or 612516 5878 or email me at joe.alabi@fishcointax.com
Joe Alabi EA MAcct (Taxation) FishCoin Tax Solutions Tel :612 516 5878 4124 Quebec Ave North, Suite 307 New Hope Minnesota 55427 www.fishcointax.com … (1 comments)
offer in compromise: Minnesota: Don't waste your time on Offer in Compromise "OIC" if you.?
- 01/03/21 10:37 PM
Offer in Compromise (OIC) is a program administered by the Internal Revenue Service which allows taxpayers to settle their tax debt for less than the full amount they owe— essentially allowing them a fresh start with the IRS.In the past years, more than 50% of OIC applications received by the IRS are rejected. Here is a quick guideline to determine if you a good candidate for an Offer in Compromise. 1. Taxpayers not in compliance i.e If the taxpayer is not current with the current tax obligations like estimated tax payments, payroll taxes, have unfiled tax returns.The taxpayer is not a good … (0 comments)
offer in compromise: Minnesota: Defaulting on an IRS Payment Plan.
- 12/21/20 02:01 PM
I represent taxpayers in Twin Cities, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS). You have set up a payment plan with the IRS and you are making regular payments, thing happen you forgot or you are in a situation where you did not make the monthly payment. A taxpayer will default on his or her installment agreement by doing any of the following: • Incurring a new tax debt by filing a tax return with a balance due • Failing to file a tax return timely and incurring a late … (0 comments)
offer in compromise: Minnesota: How to Sell or Refinance Home with a Tax Lien?
- 12/13/20 07:31 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). Contrary to popular belief that the IRS will not allow you to sell a house that has a tax lien, you can definitely sell a house with an IRS Tax Lien. The only thing the IRS requires is that the seller who owes money to the government not walk away with money that the IRS should have received.There are three main options to deal with IRS Tax liens. They are Lien Discharge; Lien Subordination;Lien Withdrawal. In this … (0 comments)
The Offer in Compromise progam allows a taxpayer to settle their back -tax debt for less than the amount owed under certain circumstances.There are mainly two types of Offers in Compromise.
Doubt as to Collectability offer – This type of offer is the most common type of OIC made to the IRS. In this case, the Taxpayer agrees that they owe the IRS, but are simply not in a financial position, to fully pay off … (0 comments)
offer in 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 have just uploaded a 5min video on how to set up a payment with the IRS?There are 4 types of payment plan that the IRS offers, certain conditions have to be met. Here is the link
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