Blog Posts in October, 2017

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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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