Monthly Archives: July 2007

Happy 4th!

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…

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…