Do I Qualify For an Offer in Compromise?

Do I Qualify For an Offer in Compromise?

Tax season is beginning to wrap up and many of our clients want to know if they qualify for an Offer in Compromise. An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that will settle the taxpayer’s tax liability for less than the full amount...
How Do Penalties and Interest work at the IRS?

How Do Penalties and Interest work at the IRS?

April 15 is the officially recognized deadline for most taxpayers to file their tax returns and pay the IRS any tax that is owed. When processing these individual tax returns, the IRS examines each for mathematical accuracy and any other errors. At the completion of...