Categories

Tax Resolution

“Pennies on the Dollar” is not Tax Resolution

Installment Repayment

Where you agree with IRS to repay IRS, you and IRS agree to the monthly amount and the term of your repayment

Hardship

In IRS speak this is know as “Currently Non Collectible” This occurs where your income is insufficient to pay your living expenses. However, the IRS does cap your allowable living expenses,

Offer In Compromise

This is Pennies on the Dollar. The IRS will agree to write of a portion of the amount of tax owed, based on an IRS formula.

Bankruptcy

Yes, Bankruptcy may be available to some, however it is a matter of threading the needle to qualify.