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 | May 8, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Taxpayers
How Much Do I Offer to Qualify for an IRS Offer-in-Compromise? This post is a continuation of a series on the IRS offer-in-compromise program. Click here and here to read about the OIC process and programs. In this post, I am going to get right to the heart of it. How...
by James Wade | Mar 26, 2020 | IRS, IRS Back Taxes, Offers in Compromise, Tax Controversies, Taxpayers
The Three Types of IRS Offer-in-Compromise Programs I have previously introduced what an IRS offer-in-compromise is (for more detail on the basics click here). Briefly, an IRS offer-in-compromise is a legally binding contract between the taxpayer and the IRS to settle...
