‘Tax Offer in Compromise’ Category

Tax Offer in Compromise: Successful Strategies

Probably the most important component of submitting a tax offer in compromise is section 9 of Form 433-A, otherwise referred to as the Monthly Income and Expense Analysis. It provides the basis by which the filer’s monthly income is weighed against their expenses, resulting in what the IRS calls the filer’s reasonable collection potential (RCP). [...]

 

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