There are three different types of IRS Offer in Compromise. An IRS Offer in Comprise based on Doubt as to Liability is a less popular type.
4 Good Business Tax Resources
Operating a small business can be tough. There is plenty of work to complete. Generally, one aspect of the business that is easily mismanaged is business tax and accounting. Many small business owners gather documents at the end of the year for business taxes. Gathering documents at the end of the year can be time consuming and inefficient. The following are IRS resources to help you categorize expenses and identify business expenses throughout the year.
Offer in Compromise Help Doubt as to Collectability
Offer in Compromise is an IRS program to settle your taxes for less. There are three different types of Offer in Compromise. This blog reviews Offer in Compromise Doubt as to Collectability.
How to Settle Tax Debt?
Can you settle tax debt? It does not seem possible. Why would the IRS accept less than what is owed?
The IRS will settle tax debt and accept less than owe. You must qualify.
IRS Partnership Late Filing Tax Penalties
You filed your Partnership return late. A few months later, you receive a letter from the IRS. The IRS charged the Partnership late filing tax penalties.
Partnership tax returns are generally due on April 15. Unless an extension is filed. If you miss the filing deadline, the IRS will issue late filing tax penalties. You may be able to remove the IRS tax penalties. Click Here to learn about penalty abatement. Continue reading…
Tax Help Solutions – Top 10
You are in a stressful tax situation. You do not know what to do and you’re overwhelmed. You are not beyond tax help. There are many people dealing with tax problems. There is a solution. Read these pages to find out more on possible tax help solutions available to you.
Currently Non-Collectable status is for taxpayers that are unable to pay back taxes. The IRS back taxes will not go away. You will still owe the taxes. However, due to your financial condition, the IRS will not try to collect the back taxes.
Business Tax Resource
Business Tax Resource
Starting a new business or own a small business? Do you know what you can write-off? The IRS offers guidance that every business owner should read once.
Business IRS Installment Agreement
The business owes back taxes. The business can not pay all the back taxes today. However, you could pay back the taxes over time. You can request a Business IRS Installment Agreement.
IRS Audit How to Survive
Your return was selected for IRS audit. Your heart dropped. The thought of dealing with the IRS is scary. You have nothing to hide. You want the IRS audit over as soon as possible. Your plan is to freely provide whatever information the auditor requests. Auditors are trained on interrogation techniques. The auditor will encourage you to talk about your tax return and personal finances. Talking freely about your personal finances may be to your detriment. This may give the IRS the necessary information to add income or disallow write offs.