‘IRS Offer in Compromise’ Category

IRS Offer in Compromise: What is the Process?

An Offer in Compromise can be filed as one of three types, according to method of payment. These are: (1) Lump Sum Cash; (2) Short Term Periodic Payment; (3) Deferred Periodic Payment. It should be noted that the type of Offer has an effect on the total price. Regardless of the payment method, the IRS [...]

 

Tags:
Posted in IRS Offer in Compromise | Comments Off

Disclaimer: To ensure compliance with the requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant. Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant.