Blog Posts in 2017

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  • Seven Tips For Drafting A Letter To The IRS Requesting Penalty Abatement
    Seven Tips For Drafting A Letter To The IRS Requesting Penalty Abatement

    As citizens of the United States, we all know that our taxes are due each year. Most of us make our best effort to file our taxes on time and pay the taxes that we owe. Unfortunately, life sometimes ...

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  • The Day The IRS Caught Up With Redd Foxx
    The Day The IRS Caught Up With Redd Foxx

    The day the IRS caught up with Redd Foxx· Those of us who are old enough to remember will never forget this scene· November 28, 1989, the TV news broadcasts footage of Redd Foxx, the 67-year old ...

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  • The IRS Won't Accept Your
    The IRS Won't Accept Your "Doubt As To Collectibility" Claim At Face Value

    If you have been slapped with a huge back tax bill by the IRS, one solution is to file an Offer in Compromise, in which you promise to pay off a reduced tax bill within a fixed amount of time. A ...

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  • Should I Make A Doubt As To Liability Offer Or A Doubt As To Collectability Offer?
    Should I Make A Doubt As To Liability Offer Or A Doubt As To Collectability Offer?

    When taxpayers owe money to the IRS, they may be able to negotiate a compromise to settle the tax debt for less than the full amount owed. To do so, the taxpayer must submit an offer in compromise. ...

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  • Taxpayers: Prepare For Frustration When Dealing With The Automated Collection System
    Taxpayers: Prepare For Frustration When Dealing With The Automated Collection System

    Owing tax debt or an unfiled tax return to the IRS is often a stressful experience. Unfortunately, taxpayers may find that their first contact from the IRS regarding the unfulfilled obligation is ...

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  • Four Consequences Of Paying Unreasonable Compensation For Services To An S-Corporation
    Four Consequences Of Paying Unreasonable Compensation For Services To An S-Corporation

    For the past ten years, you have owned and operated a consulting business in downtown Norman. Your business is an S-corporation, and you are both a shareholder and an employee of the business. ...

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