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 […]
If 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 […]
Not 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 […]