Offer In Compromises Submitted & Accepted Rise from 2011-2012

The latest IRS Factbook is out, and among the interesting bits of information is that the IRS or Federal tax offer in compromise program grew in many ways from 2011 to 2012. Interesting is that not only did the number of requests for offers rise but so did the acceptance rate (see below, figure 1.2 below).

Growth in Offer In Compromise Acceptance Rate and Submissions

The acceptance […]

Unable to Pay Taxes for 2011 by April 17th? You Have A Few Options

unable to pay taxes 2010Unable to pay the IRS taxes for 2011 or by April 17th? If so, you have several options for paying your taxes when you don’t have the money available in the short-term or the long-term.

When deciding which option is the best for you, you’ll […]

IRS Allowable Expenses 2011: If You Owe Taxes & Cannot Pay

cannot pay IRS taxes owedIf you think that you can get away with not paying taxes that you owe the IRS, think again. Very few people ever get out of paying tax debt and when they do, it is usually because they have successfully proven that they honestly are unable to pay their […]

4 Options If You Can’t Pay Your Taxes

cannot pay irsNot being able to pay your taxes is likely not as bad as you think it is. Everyone has heard the stories of the IRS taking homes, cars, boats, and other things that devastate people’s lives. The truth is, the IRS is very willing to work with taxpayers that are having […]