Currently, there are about 15 million individuals and businesses in collection with the Internal Revenue Service (IRS). The IRS initiates a collection action when a business or individual fails to make an attempt to pay …
offer in compromise
Susan was part of a multi-member limited liability company (LLC) that had purchased a building in an underprivileged area. They were renovating it and hoping to turn a profit in the future. In their founding …
Many clients who owe back taxes want to eliminate or negotiate a reduction in the amount owed. Such a negotiation is called an Offer In Compromise. This post will explain an offer in compromise and …