Tax Relief Blog
Category:
Tax Compliance
Offer in Compromise First Step
Mar 27, 2018 by
The Offer in Compromise is considered the Holy Grail of Tax Relief. The IRS settles a back-tax debt for less than the total amount owed. How much less? Well, that depends on your specific set of circumstances. Each Offer in Compromise is different, depending on the taxpayer.
One thing that’s consistent about all OICs is the list of prerequisites.
Tax Compliance Top Priority
Make compliance your first step. You’ve got to be in current tax compliance before submitting your OIC settlement r...
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Your IRS Back-Taxes Could Affect Your Passport
Feb 13, 2018 by
Last month, January 2018, the IRS started reporting taxpayers with “Seriously Delinquent Tax Debt” to the State Department. In this case, seriously delinquent means $50,000+ adjusted yearly for inflation. So, if you fit the criteria below, your passport could be denied, revoked or limited.
- Owe $50,000+
- Notice of Federal Tax Lien has been filed, or
- A levy has been issued
- Installment Agreement
- Offer in Compromise
- Currently Not Collectible status
Where to Send a Missing IRS Tax Return
Nov 10, 2015 by
Where to Send a Missing IRS Tax Return
If you have a paper tax return to send to the IRS, check the IRS Where to File site to find the correct address.