strategies-init
S Corporation reasonable compensation is a hot topic within the IRS right now. It is important to pay yourself a reasonable compensation for your business.
It is important to be familiar with the IRS innocent spouse relief rules and the other provisions governing IRS innocent spouse relief. This explains more.
There are several IRS innocent spouse relief requirements that you should be aware of if you plan on filing for IRS innocent spouse relief. Click here.
IRS has developed IRS national standards as a guide for taxpayers responsible for resolving their tax liabilities. This governs allowable living expense
The IRS income and expense table is what the IRS uses in part to determine the collectibility of a taxpayer. This article will hlep you understand more.
There are several IRS offer in compromise rules that govern IRS offers in compromise and that taxpayers should be aware of. Click here to learn more.
IRS financial analysis is a difficult topic that is not easily understood by taxpayers. Here, I help to break down how the IRS conducts financial analysis.
The IRS Form 433-A is used by the IRS to determine taxpayer collectibility by examining their assets and income potential. This article further explains.
There are many requirements for an IRS offer in compromise. This will assist in understanding all of the different IRS offers in compromise requirements.
You must weigh each of the pros and cons of offer in compromise before deciding whether or not to pursue an offer in compromise.
Agreement between the taxpayer & Internal Revenue Service outlining and settling the taxpayer’s tax liabilities for less than the current balance due owed.
Read our blog on abuses face while the IRS Offer during Compromise Process