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August 2014 Archives

IRS payment options for struggling taxpayers

Here’s a hypothetical -- and, in many instances, a reality -- for some taxpayers in Minnesota and nationally: As an honest and conscientious person, you want to fully satisfy your currently owed tax debt, but you absolutely know from staring at the amount demanded that you cannot write a check to cover it.

IRS offers in compromise: of great utility to eligible taxpayers

Although the Internal Revenue Service is often regarded by American taxpayers as a stern and uncompromising agency (with that view obviously being justified in many millions of cases), that does not mean that the IRS is flatly unwilling to engage in good-faith negotiations and compromise on alleged tax debt owed in select instances.

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