It depends. If a taxpayer has an assessed balance due below $50,000, the taxpayer does not have to disclose their financial information unless they do not […]
Submitting an offer in compromise will generally cause the IRS to suspend attempts to collect the tax liability that is the subject of the offer. An […]
Generally the collection statute is 10 years from the date that your liability was assessed. (If you need assistance in calculating the remaining time on your […]
Form 656, Offer in Compromise, which is prescribed by the IRS for offers in compromise, states that entering the agreement has the following effects on the […]
Accepted offers in compromise are subject to public inspection for a period of one year after the date of execution. For one year after acceptance of […]
