Effective Tax Administration: An IRS Offer In Compromise Alternative

The effective tax administration (ETA) offer in compromise (OIC) is not usually the first type of offer in compromise that is discussed when trying to settle a tax ...
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What You Need To Know Before Submitting A Doubt As To Liability OIC

When taxpayers hear the term "offer in compromise" (OIC), they generally regard this as a way to settle with the IRS for less than what is owed. Typically, OICs fall ...
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How To Avoid Defaulting On Your Accepted Offer In Compromise

Having your Offer In Compromise ("OIC") accepted by the IRS can feel like such a relief, especially if you are able to pay the settlement amount in a lump sum and not ...
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Helpful Tips For Calculating Your Offer In Compromise Settlement

After you have gone through the process of getting into tax compliance and analyzing your financials to determine that you qualify for an Offer in Compromise ("OIC"), ...
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Financial Qualifications You Need To Know For An Offer In Compromise

To have an Offer in Compromise ("OIC") accepted by the IRS, there are several things you will need to complete before submitting the OIC. Perhaps the biggest is to ...
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IRS Offer In Compromise Qualifications and Requirements for Acceptance

The Offer in Compromise ("OIC") program administered by the Internal Revenue Service ("IRS") provides a mechanism for taxpayers to settle tax debts for less. However, ...
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How The EDD Can Personally Assess You For Past Due Payroll Taxes

A major incentive to forming a corporation or LLC is that it will shield the individual owners and members from being personally liable for debts that the corporation ...
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Changes To Alimony Deductions and The Tax Implications

With changes brought about by the Tax Cuts and Jobs Act, many people are left wondering how they will be affected come tax time. One change in particular will change ...
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LLC Tax Elections and What This Means For Your Unpaid Employment Taxes

Forming a Limited Liability Company (LLC) for your business can personally protect you against debts that your business incurs, including debts arising from unpaid ...
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Appealing Your Trust Fund Recovery Penalty Before And After Assessment

Going through the assessment process of Trust Fund Recovery Penalties (TFRPs) is complicated. It can become even more complicated when the IRS Revenue Officer has ...
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