Why Most IRS Offers in Compromise Fail (Debunking Myths Part 1)
Why Most IRS Offers in Compromise Fail (Debunking Myths Part 1) Let’s debunk a few myths about the IRS Offer in Compromise. Some of these might surprise you. By now, you’ve heard the promises made on TV, radio, and social media ads. “We can settle your tax debt for pennies on the dollar.” “Wait until…
Why Your Offer in Compromise Was Rejected (Before IRS Even Reviewed It)
How to Qualify for an IRS Offer in Compromise (OIC) Many taxpayers believe they can apply for an IRS Offer in Compromise (OIC) anytime they owe back taxes. However, if you don’t meet a few basic requirements, the IRS will reject and return your offer without even reviewing your financials, special circumstances, or legal…
What to Do If Contacted by an IRS Special Agent
If you are contacted by an IRS Special Agent, stay calm, say as little as possible, and speak with a qualified tax attorney immediately. An IRS Special Agent usually handles criminal tax matters, not routine collection work, so early legal protection matters. Fast action can help protect your business, your records, and your financial future. A badge at…
Top Resolution Tax Services: Solve Your IRS Problems
Resolution tax services are a lifeline in complex tax situations. They can help you get out of debt and avoid legal action from the IRS. According to the US Census Bureau, the average per-capita tax burden in Illinois is around $8,148. That’s the ninth most expensive state in the nation, leaving many residents in need of relief and…
Can You Remove the IRS Trust Fund Recovery Penalty?
Can you remove an IRS trust fund recovery penalty? Sometimes, however, full removal can happen when the IRS names the wrong person, misstates the facts, or cannot prove willfulness. Many cases are resolved through appeals, payment terms, or other tax recovery services instead. One payroll tax problem can become a personal crisis fast. A missed deposit…
Sales Tax Audit: Expert Tips for Your Business
A sales tax audit becomes manageable when businesses maintain organized records, communicate strategically with auditors, and understand their state tax obligations before a notice ever arrives. Proactive preparation limits financial exposure and leads to faster resolutions. The steps you take now determine how the process unfolds. State retail sales taxes generated $444.5 billion in fiscal year 2022, according…
IRS Penalty Relief for COVID Years: Can You Get a Refund?
How to Remove IRS Penalties from the Pandemic-Era (2020–2023) and Claim a Refund If you paid IRS penalties during COVID, there is a chance the IRS never should have charged you or your business. You may be able to remove those penalties or claim a refund. Many taxpayers were charged IRS late-filing and late-payment…
IRS Settlement: Even If You Can Pay? 5 Real Examples Explained
When the IRS May Settle Even If You Can Pay Five Real Examples of “Effective Tax Administration” Offers Most people believe the IRS will only settle your tax debt if you cannot pay anything at all. Realistically, if you cannot pay anything, this is not an actual path to settlement. There is a resolution…
I Paid Workers Cash Under the Table — Am I in Trouble with the IRS?
Paid Workers Cash Under the Table? What Business Owners Should Know Before Filing Taxes Many small business owners (especially those in construction, landscaping, restaurants and catering, and cleaning services) worry that paying workers cash under the table will cause IRS problems when they file their tax returns or try to fix past tax problems. Recently,…
Will the IRS Arrest Me? When the IRS Asks About a Lawyer
Will the IRS Arrest Me? When the IRS Asks About a Lawyer If the IRS starts asking about your attorney, that is not a routine question. It usually means something in an investigation has shifted. And not usually in your favor. Most tax cases are civil. Some become criminal investigations. Some investigations result…