Tax Blog

Category: Offer in Compromise

IRS Offer in Compromise Tax Help in New York

Reasons for tax debt—a difference between tax owed and tax paid—can vary, but failure to pay taxes for any reason can result in your taxes due entering collections. Eventually, you could experience penalties, interest, and wage garnishment. If you’re a New York resident and are having trouble paying your taxes in full, consider you may

IRS Offer in Compromise Tax Help in Bethesda, Maryland

If you are unable to pay your taxes in full, you can accrue a tax debt—the difference between your taxes owed and taxes paid to the IRS. With Baltimore, MD, tax debt averaging over $16,000, it’s easy to see how an unexpected illness or change in finances can result in difficulty paying tax bills outright—fortunately,

Tools to calculate OIC adjustment

How to Appeal Your Offer In Compromise

While most everyone is hopeful when submitting an Offer In Compromise (OIC) to settle a tax debt that it will be accepted as is, that’s not always the case. The IRS will often counter with a request to adjust the amount for which they are willing to settle. Other times, they may completely reject the

accountant’s desk

Tax Software vs. Accountants | Pros & Cons for Complex Tax Issues

For some people, tax season is a breeze. They have a simple filing status, no complicated loans, and a single source of income. For these people, basic tax software is all they need to make sure their returns are filed accurately. Others have more complex tax issues that encompass multi-level business partnerships, mergers and acquisitions,

IRS form 1040

What To Do When Your IRS Filing Status Changes

The first step in filing your tax return every year is to figure out your IRS filing status. This is a very important part of your tax return because it is used to decide what requirements apply to you, which standard deductions you can use, your eligibility for certain credits, and the correct amount of


Know These Top 3 Tips for Acceptance of your IRS Offer in Compromise

Getting an acceptance of your IRS offer in compromise can be quite challenging.  With careful planning and proper preparation however, you can greatly increase your chances of acceptance of your IRS tax settlement. It is best to hire a tax attorney to get the job done.  Only an experienced tax attorney, knowledgeable of the tax

San Diego Tax Attorney

Receive an IRS Tax Notice

Receive an IRS Tax notice?  Taking action with IRS Back Taxes Receiving a tax notice that you owe the IRS can be quite disturbing. It is easy to get into the mindset of just ignoring it and hoping it will go away. Unfortunately, ignoring it will only make matters worse. The best thing you can


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