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Offers in Compromise: the toughest just got tougher…

IRS Offer in Compromise: find out if you qualify before submitting your offer! In their never ending quest to be the ultimate wet-blanket, the IRS has toughened the requirements needed to qualify for the gold ring of all tax settlements, the Offer in Compromise. The Offer in Compromise is considered the "gold ring" because it allows you to settle for significantly less than you owe. In order to allow someone to “settle” their tax debt, the IRS’s criteria to qualify for an Offer are much more stringent than their other programs. To have an Offer accepted, the IRS [...]

2017-05-23T10:01:49+00:00 April 6th, 2017|IRS News, Offer In Compromise, OIC|

IRS Offers in Compromise

IRS Offers in Compromise Tax Resolution expert Peter Y. Stephan of the Tax Resolution Institute talking about how IRS Offers in Compromise can help taxpayers who don't have the ability to pay their back taxes. You probably see TV commercials in the middle of the night from Tax Resolution companies talking to you about pennies on the dollar. Well, what they're talking about are Offers in Compromise. And yes, they are doable in certain circumstances. I've been doing this work for over 25 years and I can tell you that 90% of the offers we send from [...]

IRS Installment Agreements

Peter Y. Stephan, Director of the Tax Resolution Institute speaks on IRS Installment Agreements: I'm here today to talk to you about IRS Installment Agreements. In order to solve your IRS tax collection issue, there are all kinds of ways. One is to pay over a period of time. Why is that important? Why not settle for less with an Offer in Compromise? Well, the reason is simple. Most people who owe taxes don't qualify for an Offer in Compromise for one reason or another. The best option is to negotiate a Partial Pay installment agreement or a currently [...]

The Consequences of Having Unfiled Income Tax Returns (Part 1)

Are you aware that there are significant consequences for business and individual that do not file income tax returns? The April deadline is right around the corner. Although you may extend the time to file a return, estimated tax owing is expected to be paid by April.   The Internal Revenue Service expects your tax return to be filed and any income tax debts to be paid.  You need to understand that burying your head in the sand and hoping your unfiled income tax returns and IRS delinquent income tax bill problems will go away is unrealistic. […]

What To Know About The OIC Process While Your IRS Offer In Compromise Is Being Executed

Unlike the vasty majority of tax resolution companies when it comes to your IRS Offer in Compromise, the Tax Resolution Institute offers a money back guarantee if we submit an Offer in Compromise to the IRS for a client. In other words, we don't submit an Offer in Compromise unless we are almost positive that it will be accepted by the Internal Revenue Service. We don't claim to be perfect, but we are pretty close to perfect in our track record with the IRS. About Your IRS Offer In Compromise Your non-refundable OIC payments and fees will be applied to [...]

TRI Founder Peter Stephan Offers A Tax Resolution Essentials 200A Seminar & Live Webcast On July 17

On July 17, 2015, Tax Resolution Institute founder Peter Stephan is offering a Tax Resolution Essentials 200A seminar and live webcast for tax professionals, certified public accountants, enrolled agents and attorneys. In addition to teaching tax resolution, TRI's Managing Partner Peter Stephan wrote The Ultimate Guide To Tax Resolution; a textbook that is the “Bible” for anyone practicing tax resolution. If you want to learn tax resolution from the best in the industry, take advantage of this opportunity. More importantly, if you have a serious delinquent tax problem, who else would you want to represent you before the IRS than [...]

Are You Ready To Take Advantage Of The Easier IRS Offer In Compromise Program?

Easier IRS Offer In Compromise Program Help Although the IRS offer in compromise program has been around for decades, it has not functioned as it was originally designed. The original design was to resolve delinquent income tax debts by providing taxpayers with a way to make a reasonable offer to the federal government in the form of the IRS. The goal was that such an offer would be beneficial for both taxpayers and the federal government. However, the high bar of financial regulations that began with the program and ultimately prevented it from working. Today, however, it is [...]

Are You Scared Of The IRS Coming After You Because Of Your Income Tax Debt?

Income tax debt can be like a ghost haunting you in the dark of night. Questions float in and out of your consciousness as you worry whether or not the IRS will come after you because of your income tax debt. The Tax Resolution Institute understands your fears, and we actually want to help you find the income tax debt relief your desire. Haunted By Income Tax Debt Haunted by Income Tax Debt Do worries about your income tax debt keep you up late at night, making you feel like the ghost of Jacob Marley in Scrooge? If [...]

Tax Resolution Question – Is An IRS Offer in Compromise Or An IRS Installment Agreement The Best Option?

IRS Offer in Compromise or IRS Installment Agreement? How Should I Resolve My IRS Tax Debt? Tax Resolution Question: I owe a significant tax debt to the IRS, but I don’t know whether an IRS Offer in Compromise or an IRS Installment Agreement is the best option for me. It all seems a bit overwhelming. How can I decide what makes the most sense for me? It all seems so confusing.  Tax Resolution Answer: First, take a deep breath because there is a solution out there that will work for you. Although it is impossible to provide a [...]

Los Angeles Taxpayer Learns An IRS Pay Levy Is The Same As An IRS Wage Garnishment

A Los Angeles taxpayer did not now the difference between an IRS pay levy and an IRS wage garnishment. When he was threatened with an IRS wage garnishment, he did not understand that it meant his paycheck would be levied. For many taxpayers, the terminology of IRS tax collection actions can prove to be confusing. Whether you call it an IRS pay levy or an IRS wage garnishment, the ultra-serious financial consequences are the same. IRS Pay Levy = IRS Wage Garnishment IRS Pay Levy Is Serious On the IRS website, there is very little description or use of [...]