If the IRS rejected your Offer in Compromise (OIC), you’re not alone—the IRS rejects a large portion of OIC applications. In fact, out of 30,163 OIC proposals in FY 2023, the IRS accepted only 12,711, representing approximately 42% of the proposals. This means the majority of offers are not approved on the first try. A […]
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When Do I Need to Hire a Tax Attorney?
Tax issues can be extremely costly, with outstanding tax debt and building interest and penalties. In many cases, the last thing you want to think about is spending more money to hire someone to assist you, but some situations warrant working with a professional. A tax attorney can help you understand tax laws, your options […]
What If You Miss an Installment Agreement Payment?
Setting up an installment agreement with the IRS is one of the quickest, most effective ways to stay in good standing and get your balance paid off over time. However, sometimes, you might miss a payment and fear your agreement will be canceled or the IRS will come after you. If you’ve missed a payment […]
Tax Court Takeaways: Even Tyga Needs To Make Estimated Tax Payments to Get an Installment Agreement
Background Michael R. Stevenson, aka Tyga, recently sought review in Tax Court of an Intent to Levy Notice issued by the IRS. Tyga timely filed his 2019 federal income tax return but failed to pay the reported liability of $2,166,469. In an effort to collect this liability, the IRS issued a notice of intent to […]
IRS Tax Resolution Services: Helping with Federal Tax Problems
Are you dealing with tax issues that are causing you sleepless nights? Do you feel overwhelmed by the complexity of your tax situation? It may be time to consider finding tax resolution solutions with the help of a qualified tax resolution attorney. In this article, we will take a closer look at tax resolution and […]
