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Settling Your IRS Tax Debt: Knowing the Basics of an Offer in Compromise

By: Richard Close Tax Planning Views: 7818 | Comments: 0 | Votes: 0

Richard Close

Before you assume this is the answer to your tax debt, you should be armed with the knowledge of reality vs. myth.  You have to prove to the IRS that you will never be able to pay back the entire tax debt, or prove that paying off your debt would create “undue hardship”.  When you deal with the IRS you are guilty until proven innocent. More

Do It Yourself: IRS Tax Relief Tips

By: Richard Close Tax Planning Views: 2291 | Comments: 0 | Votes: 0

Richard Close

The IRS has sent you a letter telling you that you owe them money.  However you’re convinced that you can handle the IRS on your own.  And why not, you’re smarter than the IRS…right?  The IRS is a labyrinthine bureaucracy that is diff More