I’m taking the day off – like almost every other American – to celebrate Independence Day. I wanted to wish all of my readers and web site visitors a happy 4th of July. Hopefully it will be a day of rest for a lot of people. Sometimes loving everything about our great country is hard…
Monthly Archives: July 2007
Collection Statute of Limitations
I am often asked how long the IRS can come after a person for their deliquent taxes. When answering I always have a question to ask them – have you filed all of your tax returns? Why? Because in order for the collection statute of limitations to begin running against the IRS, the taxes have…
What is a “Processable” Offer in Compromise?
QUESTION: I tried filing my own offer in compromise, but it was returned because it was “not processable.” What does that mean? If I file another offer in compromise, how to I make sure it is processable? ANSWER: In order for an offer in compromise to be “processable” you have to be sure to send…