by James Wade | Sep 21, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise, Tax Controversies
What is an Offer-in-Compromise Doubt as to Liability? Did you know that you can settle your IRS debt if you disagree with the amount due? Most settlements are done because the taxpayer cannot pay but the IRS will settle if you genuinely dispute what you owe. This type...
by James Wade | Sep 10, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise
Paying for Your Offer In Compromise – Which is the Best Way? We have talked a lot about offers-in-compromise but a question not often asked is: which way is best to pay for the offer? The answer may surprise you. Fees Before addressing how the offer is paid for,...
by James Wade | Jul 27, 2020 | IRS, IRS Offer-in-Compromise, Offers in Compromise
What are the Cons of an Offer-in-Compromise? Nothing comes in life for free. Offers are no different. I can list off about a dozen things which could make an offer a bad idea. I will talk about the top three things as this is what gets people 90% of the time. I will...
by James Wade | Jul 6, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise
Bankruptcy versus Offer in Compromise, A Comparison What is Different? Bankruptcy OIC Who runs the process A court process where IRS is just one of many creditors. An administrative process controlled by the IRS. Which tax debts are dischargeable Tax debts are...
by James Wade | Jul 6, 2020 | Income Taxes, IRS, IRS Back Taxes, Taxpayers
Podcast Episode 11: Can’t Pay Your Taxes? What to Do. In this episode, Jerrod Oltmann and I discuss what your options are if you can’t pay your taxes on July 15th....
by James Wade | Jun 26, 2020 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers, Unfiled Taxes
Podcast Episode 10: Tax Preparers Gone Wild In this episode, Jerrod Oltmann and I discuss tax preparers gone wild or tax preparers who either fail to file a return themselves or help their clients to avoid paying their taxes....
