Installment Agreements
The IRS is famous for accepting payment plans for liability.
What to do if your Installment Agreement is Rejected
The IRS thinks that you have an asset that can be sold. Going through and addressing the issue will often lead to a better installment agreement.
The Offer in Compromise Process: Types of Offers in Compromise
A taxpayer in exchange for a lump sum or in exchange for a settlement of monthly payments can eliminate past tax liability in exchange.
How Offers in Compromise Are Considered
The successes and the more common ones. So, Doubt as to Collectability Offers in Compromise fall under a specific set of guidelines.
Issues in the Offer in Compromise Process
The IRS will consider valuation issues based on a number of things. When valuing assets, it’s always important to take the valuation.
Taxes and Bankruptcy
It can be a very effective tool if the taxpayer has other debts.
IRS liens so I want to talk briefly about IRS liens
The lien usually after the liability has been paid at fault or the tax the government can subordinate a lien which means it drops.
IRS levies. A levy is a seizure of property or assets.
IRS frequently levies businesses, and for those businesses that need that money to pay rent or payroll or other necessary expenses.
Interest and Penalty Abatements
The IRS will go through a series of questions with the taxpayer representative. If they find a cause, they will automatically abate penalty on the spot.
Innocent Spouse Relief
That is a particularly tricky proposition because oftentimes if one spouse is cheating on their return or understating liability.
Differences Between the Federal Tax System and the California State Tax System
A lot of times when there is a budget shortfall the state will lean on their self tax and the federal tax bureau.
California State Specific Tax Issues
The time frame in California right now is if I were to represent a client in a sales tax audit and me and the auditor just agreed on the result.