HOW TO KEEP YOUR TAX PREPARATION COSTS DOWN
HOW TO KEEP YOUR TAX PREPARATION COSTS DOWN No one likes to pay taxes, and no wants to pay too much to get their taxes prepared, which might feel like adding insults to injury. Why is it that one business tax return with a gross income of five million dollars may cost only $500 to
BEWARE OF TAX DEBT RELIEF SCAMS!
Now and then I get a call from someone who has fallen prey to TV or radio advertisements that tell the listener that their “team of experts” are there to help the poor taxpayer “settle his tax debt for pennies on the dollar” or will “stop liens and levies immediately” or will otherwise make the
IRS HAS NEW LIBERALIZED OFFER AND COMPROMISE GUIDELINES
In the past, I was not always a big fan of Offers in Compromises, since the standards for acceptance were often fairly difficult, and so many Offer applications got rejected. Instead, I usually employed other methods of handling tax assessments, as discussed in my other blog articles. The IRS has now made it easier
Some Pros and Cons of Offers in Compromise
The Offer in Compromise (OIC) is one of the most popular and widely misunderstood programs the IRS has to offer. Television and radio ads blare out to the poor taxpayer how they can “Call now, and speak to our experienced representatives who will help you settle with the IRS for pennies on the dollar!” As