Question: I owe a several years of back taxes, about $43,000, but do not have the money to pay the IRS. I want to get them off my back and heard of something called an Offer in Compromise. What is it and how do I get one? Answer: An Offer in Compromise (“OIC”) is the …
Question: I’ve been getting threatening letters from the IRS saying I owe them $43,000 for 2017 – 2019. This is beginning to affect other aspects of my life as well. What should I do? Answer: There are many options available to you today to resolve this. However, you need to take the first step and …
What does an IRS garnishment mean to you? You received a notice of “intent to Levy” 30 days ago and you forgot or ignored it. Now it’s Payday. You are expecting a check, but you open the envelope and find that the IRS has already taken out almost all of your money using an IRS …
Question: I’m currently separated from my spouse, who owns his own business, and we are in the process of getting a divorce. I have always filed jointly with my spouse and now the IRS is sending me notices stating I owe $35,000. I have no idea how they are coming up with this amount as …