Aug 22, 2023
A lot of people want to do an offer in compromise (OIC) but are not qualified to get one. But in fact, it is much easier to qualify for a partial pay installment agreement (PPIA) than OIC.
There are two things to
consider before doing either an OIC or a PPIA. First, know your income and expenses and
assets...
Aug 15, 2023
The IRS only issues a civil fraud penalty when they are certain you owe tax and can prove your intent to fake an expense, a dependent, or a business in an audit.
When you are charged with a
civil fraud penalty, you should not fight against it. Instead, focus on getting it removed because it will cost
almost the same
Aug 8, 2023
We go to appeals on almost all of our tax audits. This is because you normally get a better deal when you file an appeal to tax court.
What happens when you appeal is
that the case goes to a settlement officer that will settle the case before it goes to tax
court, which the IRS dislikes. Cases in tax court involve more...
Aug 1, 2023
Getting your lien removed is possible.
If the IRS placed a lien
against your account, you need to decrease your tax
debt to under $25,000. Then,
get into a direct debit installment agreement (DDIA) for the remaining balance. After
three payments in your DDIA, apply for lien removal.
Let’s say your property has a...
Jul 25, 2023
A partial pay installment agreement (PPIA) is what some call the “backdoor offer in compromise.” This involves not paying your tax liability in full.
For most people, a PPIA is a
much easier way to get a settlement with the IRS than an offer in compromise (OIC). The
reasons include the less time needed to process,...