Knowledge is Power when negotiating with the IRS. You must know what they know to be successful. I want to help you obtain that knowledge. This is a short introductory video to tell you a little bit about myself and the TAX videos discussed on my Channel. If… Read More
6751(b) Defense of IRS Penalties
If you’ve ever had an IRS penalty assessed against you, you know how distressing that can be. Here, I discuss Internal Revenue Code (IRC) section 6751(b), Procedural Requirements of IRS Penalties. It is a Code section that defines the legal requirements the IRS must follow “before” assessing a… Read More
IRS Installment Agreement with my IRS Offer In Compromise? Nope
Here, I discuss the terms and conditions associated with Accepted IRS Offers in Compromise, or OICs. If you had an IRS OIC accepted, Congratulations! But it comes with certain terms and conditions beyond simply paying your tax settlement amount. In this video, I discuss a recent Court of… Read More
How to File a Timely IRS Appeals Hearing Request
In this video, I discuss IRS Collection Due Process Requests (CDP) for IRS Appeals. There is a new taxpayer-friendly change to the Internal Revenue Manual, IRM, concerning the timeliness of CDP Requests for IRS Appeals consideration. If you’re facing an IRS proposed collection action, like a bank levy,… Read More
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