Protect Your Income-Producing Tools in an Offer in Compromise
Sep 28, 2015 by
Are you self employed with an IRS back tax debt? You may be wondering whether or not the Offer in Compromise is the right fit to resolve your tax liabilities. A lot depends on your equity in assets and your ability to make monthly payments toward the back taxes.
If you have tools of trade that you use to produce income, the IRS will treat them differently than other assets you own. The IRS...