Feb 27, 2024
Why is the Partial Pay Agreement with the IRS referred to as the 'back door' Offer In Compromise? The reason behind this is simple - it has proven incredibly effective in allowing you to settle your tax liability for less than you owe.
Unlike the offer In compromise - a partial pay agreement is relatively easier to...
Feb 20, 2024
Have you recently received a letter from the IRS regarding a proposed adjustment of your income? Wondering how to handle it?
It's important to demonstrate the accurate cost basis for your
stock or crypto purchases. The best approach is to submit an
amended return through the appropriate channels. Even if you
don't owe...
Feb 13, 2024
Many lawyers work for themselves, especially if they are a partner or own their own firm, and their income can vary greatly.
Like many other self-employed individuals, they often struggle to
withhold enough money for taxes. Issues also arise when
lawyers want to maintain a certain image and lifestyle,
resulting in high...
Feb 6, 2024
It has been a little over a year since the Senate approved IRS funding of $45.6 billion for enforcement. And what we have noticed is that the IRS has made hiring more higher-level professionals a top priority.
It seems like they are determined to recruit additional
accountants, lawyers, and experts with advanced...