Tag Archives: Back Taxes
Eligibility for an Offer in Compromise
Most people have heard about Offer In Compromises. An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities … Continue reading
IRS SFR Substitute Filed Returns: If You Don’t File Your Returns, The IRS may File for You
So what will happen to me if I don’t file a return or contact the IRS? The IRS will file a substitute return for you. But this return is based only on information the IRS has from other sources. Thus, … Continue reading