ARCHIVED BLOG POSTS
2024
What is an Offer in Compromise (OIC) and Who Can Qualify?Allan RolnickOctober 25, 2024 If you owe the IRS more than you can afford to pay, there may be a way to settle your tax debt for less than the full amount owed. This option is called an Offer in Compromise (OIC), and it can provide a fresh...
10/25/2024
The 3 Worst Things You Can Do if You Owe the IRS Allan RolnickTax Accountant | Tax Advisory, Tax Planning, Tax ResolutionOctober 23, 2024Owing money to the IRS is stressful, and it’s easy to panic or make the wrong moves. Unfortunately, some actions (or inactions) can make the situation much wors...
10/23/2024
A Partial Payment Installment Agreement (PPIA) is a payment plan offered by the IRS that allows taxpayers to pay off their tax debt in smaller, more manageable amounts over time. Unlike a standard installment agreement, where you pay the full amount owed, a PPIA allows you to settle your debt for...
10/19/2024
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4th Quarter Tax Play: Are You Ready? 🏈Ah, New York football fans… it’s been a rough season so far, hasn’t it? Our NYC teams might be losing ground, but luckily, there’s still hope upstate. Speaking of 4th quarters, we’re in the final quarter of the tax year too—and just like football, this is whe...
10/16/2024
