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tax problems (3)

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

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?...

Why You Should Consider Filing “Married-Filing Separately”

Tax season is in full swing, and many couples are wondering whether they should file their taxes jointly or separately. While there are many factors to consider when making this decision, filing separately may be a wise choice for some couples. In...

Offers-In-Compromise: How to Determine If You Are an Offer Candidate

Are you struggling to pay your taxes? Have you received a notice from the IRS stating that they are going to levy your assets? If so, you may be eligible for an Offer-in-Compromise. An Offer-in-Compromise is a program offered by the IRS that allows...

The Various Types of Offers-in-Compromise

The Offer-in-Compromise program is one of the IRS's most powerful tools to collect taxes. It allows taxpayers to settle their tax debt for less than the full amount owed. An offer-in-compromise is a settlement that you offer to the IRS in order to...

Offers-in-Compromise: How the RCP Formula actually works

For individuals who owe the IRS money, an offer in compromise may seem like a dream come true. This program allows taxpayers to settle their debt for less than the full amount owed. However, the IRS has its own set of rules that they use to...

Offers-in-Compromise and Tax Compliance: What you need to know

In order to stay compliant with tax laws, it is important for businesses to understand the ins and outs of offers-in-compromise. This process can be confusing, but our team is here to help. Here are the basics of offers-in-compromise and how they...

The offer-in-compromise process

The offer-in-compromise process is a way for taxpayers to settle their tax debt for less than the full amount owed. This can be an attractive option for taxpayers who are unable to pay their full tax bill, or who want to avoid the hassle and expense...