My recent post, “Michael Scott Negotiation tactics and My Top 5 Negotiation Tips” was a participant in the recent group writing project entitled “Top 5′s” over at ProBlogger.net. Here’s the page with my entry from Day 2 of the Contest. Unfortunately, I didn’t win the $1,001 prize, but I have gotten a lot of traffic, visitors…
Monthly Archives: May 2007
Is an Offer in Compromise for Me if I have a lot of Assets?
QUESTION: I’ve heard about the Offer In Compromise Program and would like to do one, but I’m afraid it’s not for me. I use up almost all of my income, but I do have some significant assets. Also, I have a child in college and that is expensive. Do I have any options other than…
Can I Stop an IRS Levy?
I wrote a recent post about how an IRS levy does not leave very much money for you to live on. After a client comes to me with a levy or wage garnishment in place, this is always the next question. QUESTION: A question submitted recently was: The IRS has placed a levy on my…
How Does a Lawyer Retire?
In reading some investment books recently, such as Robert Kiyosaki’s Rich Dad Poor Dad and Cashflow Quadrant, I have been trying to answer some questions that have arisen in my own life. Lawyers, unlike business owners, cannot “inventory” their services. Meaning, if the lawyer is not working, and billing hours, then they are not getting…
Will the IRS Forgive the Interest and Penalties?
QUESTION: If I make a deal with the IRS for my unpaid taxes, will they forgive the interest and penalties? ANSWER: The answer depends on the type of deal you make with the IRS. If you enter into an Installment Agreement, you will have to pay the accrued interest, which continues to accrue until the…
Solo Practitioner – Can You Separate Work From Life?
One thing I’ve noticed in the last few months while I have been running the law firm by myself, is that the amount of responsibility I have really takes a toll on the time I have for “life” outside of working. I am curious to hear what other solo practioners (and other small business owners,…