Offer-in-Compromise

Offer-in-Compromise

What happens if it is Rejected? What happens if your IRS Offer-in-Compromise is rejected? Do not be surprised. The IRS agents assigned to the Offer-in-Compromise sections are geared to deny offers. If you do not have a lot of experience with the IRS...
What records do I need in an IRS Audit

What records do I need in an IRS Audit

What records do I need in an IRS Audit Taxpayers are required to maintain books and records When a taxpayer is audited by the IRS, the burden of proof falls on the taxpayer to support the information on his or her return. The United States Tax Court has ruled that the...
IRS Penalty for Non-filing & Failure to Pay

IRS Penalty for Non-filing & Failure to Pay

The Internal Revenue Service (IRS) wants taxpayers to file their tax returns on time and pay their tax bill. To incentivize taxpayers. the IRS has imposed penalties for noncompliance. Failure to File Penalty: The failure to file penalty is imposed when a taxpayer...