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Offer in Compromise Tax Debt

IRS Ignore Your Offer in Compromise? What’s Next?


The IRS offer in compromise program provides taxpayers with a remedy for settling back taxes.  It can provide taxpayers with a much-needed fresh start.  Congress has changed the rules for offers.  One change is that offers are deemed accepted if the IRS does not reject them within two years.  This raises the question as to […]

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Currently Not Collectible Installment Agreement Offer in Compromise Tax Debt

Settling Unpaid Taxes With Sporadic or Seasonal Income


Sporadic or seasonal income can make it difficult to settle back taxes with the IRS.  For example, if you have a large one time payment that is not likely to continue, can the IRS consider this in evaluating how much you can pay the IRS?  The court addresses this in Margolis-Sellers v. Commissioner, T.C. Memo. […]

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IRS Collections IRS Collections Offer in Compromise Tax Debt Tax Relief Articles

Setting Off a Non-Tax Debt Owed by the IRS


If you owe back taxes but the Federal government owes you for some other matter, can the IRS offset the unpaid taxes with the amount the government owes you? The answer is more complex than one would think. The court addresses this in Tartt v. Commissioner, T.C. Memo. 2019-112. Facts & Procedural History The taxpayer […]

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Offer in Compromise Tax Relief Articles

Managing IRS Debts With Retirement Account Assets


Retirement accounts can present a number of challenges when trying to resolve an IRS debt. The IRS considers a retirement account as an asset in its collection analysis. The recent Scanlon v. Commissioner, T.C. Memo. 2018-51, court case provides an opportunity to consider the impact of retirement assets on IRS collection matters. The Facts & […]

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Offer in Compromise Tax Relief Articles

What You Should Know About the IRS Offer in Compromise Program


If you owe the IRS you may be surprised to find out that the IRS may settle the debt for less than the amount owed.  One way to do this is through the IRS offer in compromise program.  Here is what you need to know about the offer in compromise if you back taxes to […]

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Offer in Compromise Tax Relief Articles

Eight Things You Need to Know About the IRS Offer in Compromise Program


An offer in compromise is a legal agreement between you and the IRS that settles your tax debt for less than the full amount you owe. It provides you with a path for paying off your tax debt and getting a “fresh start.” If you have unpaid tax debts, here are eight things you need […]