Category: Offers in compromise

Friday, October 10, 2014

Offers in compromise: part two

This is the second installment in a series devoted to tax settlement strategies and offers in compromise, or OICs, in particular. As a tax attorney is well aware, a taxpayer’s intent may not have been to avoid paying taxes. For example, an individual may have fallen sick and lacked the capacity to manage his or...Read more
Friday, October 3, 2014

Seeing offers in compromise through the eyes of the IRS

In recent blog posts, we’ve explored some of the events that may trigger a tax audit, as well as reasons why so many taxpayers fear communication from the Internal Revenue Service. Although we’ve mentioned the administrative process by which tax liabilities might be settled, today’s post, the first in a two-part...Read more
Friday, August 29, 2014

Practical considerations in negotiating with the IRS

Readers of this tax law blog have been exposed to posts about the negotiation options that may be available with the Internal Revenue Service, including offers in compromise. Today’s post takes a more in-depth look at this option. According to the IRS’ website, an offer in compromise is a settlement option...Read more