It is a good day when a Taxpayer receives an IRS Letter accepting his or her Offer in Compromise (“OIC”). However, the terms and conditions do not stop there. For 5 years following acceptance, there are several contractual obligations a Taxpayer must adhere to; so that the OIC… Read More
Blog
Do’s and Don’ts: How to Negotiate with the IRS.
The first video in our “Re-Think IRS Negotiations” series discusses “How to Negotiate with the IRS”. It describes effective strategies to take in IRS negotiations, some do’s and don’ts and the importance of being patient and inquisitive when dealing with IRS Collections, IRS Audits or IRS Appeals. The… Read More
Land Rich, Money Poor/Successful Offer in Compromise Negotiations.
This video explains how Land Rich, Money Poor taxpayers may be successful in IRS Offer in Compromise negotiations. Land Rich, Money Poor taxpayers may draw upon (rightfully) the shared experience of COVID-19 to support arguments for lower property valuations for Offer in Compromise purposes. An offer in compromise… Read More
Tools and Resources in IRS Negotiations
I will discuss the most critical tools and resources you need to be successful in negotiating with the IRS. The IRS uses these tools and resources and so should you. Tax Practitioners, like myself, use these tools and resources and so should you. These resources will help you… Read More
Waiver of 50% IRS RMD Penalty
This video offers guidance on obtaining a full waiver of the IRS’s 50% RMD penalty for failing to take RMDs when required to do so (or the additional 50% tax). It describes how to properly request the penalty waiver and best practices when drafting your penalty abatement request… Read More
IRS TAX SCAMS Continue…
There is nothing more distressing that receiving a SCAM IRS NOTICE in your mailbox. Hear the details my telephone call to one of these SCAM ARTISTS. These FAKE IRS Notices demand payment NOW or your assets will be seized NOW and you will be taken to JAIL NOW…. Read More