Question: What are my options after the offer in compromise I submitted has been rejected? Answer: You still have a couple of options when your offer in compromise is rejected by the IRS. I am going to have to make an assumption in order to answer this question with some specificity. First, that you filed…
Category Archives: Tax Q&A
Where Do I Stand with the IRS?
Question: My husband and I got divorced a few years ago and now I am all of a sudden getting notices from the IRS. He always took care of the household finances and taxes so I had no idea that we owed the IRS. Is there a way for me to figure out exactly where…
Should I Just Quit My Job?
I have several clients who have come in to discuss their tax problems and told me that if the IRS would not release their wage garnishment immediately they would just quit their job. Let me tell you that is not the solution. While it is painful to have the IRS taking money from you right…
Should I Strike First or Should I Wait on the IRS?
Question: Is it better to set up an installment agreement with the IRS or just wait for a letter? Answer: Thanks for the question. I think it is always better to be proactive when it comes to the IRS, but the situation always dictates what you should do. I always like to point out that…
Should I send my IRS Tax Payments by Certified Mail?
I was recently asked whether you should send your tax payments to the IRS by certified mail. It is my rule of thumb that everything you send to the IRS should be sent via Certified Mail Return Receipt Requested. Why? Because you want to be able to prove that you sent what you say…
Owing More for My 2007 Taxes that I Thought…Another Installment Agreement Still an Option?
Question: I currently have a an installment payment plan for my 2005 taxes and have paid most of it off. I’ve just filed my taxes and the amount owed is more than expected. If I were to pay the balance for my ‘05 taxes, would I be able to set up a new installment plan…