IRS Negotiation Blog Weekly Wrap-Up
We are wrapping up another busy week at our office. This week we have been working with the IRS trying to negotiate a discharge of a tax lien so a client can sell their home to avoid foreclosure and pay some of their tax liability to the IRS. Sometimes I get really upset when the IRS seems to hold on too tight and cause serious problems for a client when there is a solution that benefits all parties (read: the IRS) even though it isn’t the full extent of the benefit the IRS feels they are entitled to. Oh well.
I wanted to tell those people who have contributed to my next writing project thank you for taking the time to fill out the survey. Your answers are proving to be very helpful as I try to determine a price point and how to offer the product (e-book versus a physical book or binder). If you haven’t filled out that survey yet, I would appreciate your help with that. Everyone who fills out a survey will be given a great discount on the "file your own offer in compromise step by step guide" once it is complete. So please, fill out that quick survey. I promise it will only take you about two minutes.
This week on the blog we talked about when the IRS will forgive penalties and why they will not negotiate with anyone about knocking off any interest that has accrued over time.
We also touched on what you need to do prior to filing an offer in compromise. This was a basic list on how to get your income taxes current this year, paying your quarterly income taxes if you are self-employed, getting your tax returns filed, and some other tips and things you will need to take care of before the IRS will accept your offer in compromise for review.
Yesterday, we hit on underreported income and the potential problems and pitfalls that may come from negligent and intentional underreporting of income.
Stay tuned next week as things look to get busier and busier during tax time in the U.S. We will try to talk more about what you can do to negotiate with the IRS to save yourself a lot of money and get the IRS off of your back.
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
[...] Lloyd Grove, Glynnis MacNicol, and Rachel Sklar wrote an interesting post today onHere’s a quick excerptThis week we have been working with the IRS trying to negotiate a discharge of a tax lien so a client can sell their home to avoid foreclosure and pay some of their tax liability to the IRS. Sometimes I get really upset when the IRS … [...]