What Collection Actions Will the IRS Take If I Owe Them Money?

Yolanda Gills Tax Collections, IRS, Tax, Tax Issues

The IRS is tasked with ensuring taxpayers meet their obligations, including paying taxes owed. If you find yourself owing money to the IRS, it’s essential to understand the potential collection actions they may take. Here’s a guide to what you can expect: In conclusion, owing money to the IRS can be stressful, but understanding the […]

April 4 2024

What Is An Offer In Compromise And How Can I Improve My Chances Of Getting One

Yolanda Gills Tax IRS, Offer in Compromise, Tax

An offer in compromise (OIC) is a legal agreement between a taxpayer and the Internal Revenue Service (IRS) to settle a tax debt for less than the full amount owed. This agreement allows taxpayers who are unable to pay their tax liabilities to negotiate a mutually beneficial compromise. When evaluating an OIC, the IRS considers […]