When To File An Offer And When Should You Pursue Being Deemed Uncollectible

There are times when it is best for a business to file an offer and times when it is better to pursue being deemed uncollectible. In this blog post, we will explore both of these options and help you decide which path is the best for your company.

Using The State Tax Debt to Leverage an Offer with the IRS

The IRS is a daunting organization for anyone to deal with, especially when it comes to outstanding tax debt. However, there may be hope for those who are struggling to pay their taxes. Recently, the IRS has announced that they will be accepting...

Bankruptcy Vs. Offer-In-Compromise: The Pros And Cons Of Both

When it comes to tax debt, there are a few different options available to people. Bankruptcy and offer-in-compromise are two of the most popular options. Both have their pros and cons, which can make it difficult to decide which option is right for...

Uncollectible? Why Now May Be the Time to File Your Offer With The IRS

There are a lot of factors to consider when you're deciding whether or not to file a Currently Not Collectible with the IRS. One of the most important is whether you think you have a good chance of being accepted.

If you've been struggling to pay...

How To Make The Most Of Collection Appeals To Resolve Your Tax Debt

The idea of owing money to the government is a daunting prospect. The good news is that there are ways to resolve your tax debt without having to go through a long and frustrating process. If you are struggling to pay your tax debt, you may be...

How Non-Filers Can Get Back Into The Tax System

Millions of Americans choose not to file their taxes every year. This can be for a variety of reasons, but the most common one is that people feel like they can't afford to pay. If you have failed to file your taxes for a few years, you may be...

The RCP Formula: Things You May Want to Consider Purchasing

The Reasonable Collection Potential is the estimated worth of a collection at the time of sale. This is important to collectors, like the IRS because it can help them understand what their collection is worth and how to price it when they are ready...

Why You MUST Request Your Collection Appeal

You may have received a notice in the mail from a debt collector, informing you that they are attempting to collect a debt that you allegedly owe. If this is the case, it is important to take action and request a Collection Appeal. By doing so, you...

Offers-In-Compromise: Lump Sum Vs. Deferred, And When to Pick One Over the Other

An Offer-in-Compromise (OIC) is an agreement between the taxpayer and the IRS that allows a taxpayer to settle his or her tax debt for less than what’s owed. The lump-sum payment option requires payment of 20% of your OIC upfront, with the remaining...

Can You Compromise a Collected Payroll Tax?

In order to maintain a successful business, it is important to comply with all state and federal tax laws. This includes paying your payroll taxes on time and in full. What happens if you can't pay? Can the government come after you for the money?...