IRS had kept on his property when he went into CNC status. After going through our client’s financials, we realized after bills and expenses, our client had a monthly disposable income of $0. With that information, we submitted an Offer in Compromise to the IRS and waited. After a few...
While this is not as common as with private debt, it is possible under specific circumstances, such as financial hardship or disputes over the amount owed. Currently not collectible status: If you're facing severe financial difficulties, tax relief professionals may be able to temporarily halt ...
I was able to setup my own plan with the IRS using the info from backtaxeshelp.com. I only owed 7,000 so it didn't make sense to work with a tax professional directly. The person on chat was very helpful. Date of experience: December 22, 2014 UsefulShare IS isabeldenning 1 review...
Many people have already filed their taxes this year -- particularly those owed refunds. Because of risingtaxpayer identity theft, it's a smart idea for anyone to file quickly. However, some taxpayers are discovering the refund they thought was coming has instead has been taken to pay their s...
The IRS Fresh Start Program also offers an opportunity for qualified taxpayers to settle their tax debt for less than the whole amount owed through an Offer in Compromise (OIC). An OIC allows individuals to negotiate a compromise with the IRS based on their ability to pay. This option may ...
Internal Revenue Service (IRS)— The Treasury Department and IRS just announced a three-month delay for any tax payments owed up to $1 million. You'll still need to file your returns by April 15, 2020 but will have until July 15 to pay. This will apply to individual tax returns but ...