Showing posts with label Owe the IRS.. Show all posts
Showing posts with label Owe the IRS.. Show all posts

Thursday, November 5, 2020

If you are in trouble with the IRS.

Owe the IRS $10,000 or more in tax debt? 

Avoid any further tax trouble, additional penalties, interest or late fees and take the first step in resolving your federal tax or state tax problems today.provide assistance to resolve your tax debt, delinquent tax problems, tax disputes and IRS back taxes. 

Our team of tax consultants, tax attorneys, enrolled agents, and CPAs are considered the most effective tax resolution company in America. team is exceptional at dealing with the IRS, reducing tax debt, eliminating tax disputes, negotiating IRS payments. 

Installment Agreements, Offer in Compromise, Penalty Abatement, IRS Tax Payment Plans, and Audit Representation to name a few. 

We can help protect your income, negotiate a reasonable IRS payment plan or settlement and provide you freedom from the IRS.

Tuesday, September 15, 2020

The offer in compromise process is really the heart of tax accounting.

There are almost always extenuating circumstances surrounding the need to submit an OIC, but at its core, preparing an excellent OIC is key to settle your tax debt for pennies on the dollar. Call 877-541-6901 right now for tax settlement consultation

This article covers three types of (OIC) offer in compromise:
  1. Doubt as to Liability
  2. Doubt as to Collect-ability

Doubt as to liability (DATL) comes into play when a taxpayer doesn’t owe the tax the IRS claims they do. This isn’t a question of amount or inability to pay the requisite tax, but rather a claim that a certain portion of the tax isn’t owed at all.  Doubt as to liability can be applied in numerous circumstances, some of which may include: Call 877-541-6901 right now for tax settlement consultation

  • The tax was discharged fully in bankruptcy.
  • The statute of limitations ran out on collections.
  • The tax has been incorrectly or erroneously assessed. 
  • The tax has been assessed to the wrong taxpayer.
  • The IRS misplaced an amended return.

Doubt as to collect-ability (DATC) is what most people associate with offer in compromise. This offer comes into play when the taxpayer doesn’t dispute that the tax is owed but has no way of paying the full amount owed. A doubt as to collect-ability offer will be based on what the IRS calls reasonable collection potential, or RCP. There are three components when calculating reasonable collection potential: equity, income, and allowed expenses. Call 877-541-6901 right now for tax settlement consultation