An “offer” is defined by Merriam-Webster’s online dictionary (http://www.m-w.com) as “a presenting of something for acceptance” and “compromise” is defined as “a settlement of differences by arbitration or by consent reached by mutual concessions.” When you put those two definitions together, you do not really get the true meaning of what an IRS Offer…
Category Archives: Miscellaneous
Independent Contractor vs. Employee Wrap Up
I have just wrapped up a series of posts analyzing seven factors the IRS considers when determining whether a worker is an employee or an independent contractor. The incorrect classification can have enormous tax implications for both the employer and the worker so it is important that you pay close attention to how a…
Independent Contractor vs. Employee – Factor 2: Capital
My last post talked about the first factor used by the IRS in determining whether or not a worker is defined as an employee (and therefore income tax withholdings are due from the employer) or an independent contractor and the worker is responsible for their own income taxes. The second factor is "Capital." In essence…
Search Terms: Collection Statute of Limitations
I have had several visitors to my site recently who found my site with the following query: “i have filed my income taxes but do not have the money to pay what is the irs statute of limitations”. The main question being asked in this query is what is the IRS statute of limitations for…
Helping my Clients “Press On” Through Trials
Phillipians 3: 12-14: 12Not that I have already obtained all this, or have already been made perfect, but I press on to take hold of that for which Christ Jesus took hold of me. 13Brothers, I do not consider myself yet to have taken hold of it. But one thing I do: Forgetting what is behind…
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…