Category Archives: IRS & Tax Law
IRS Installment Agreements
Failing to find a payment solution for past due taxes with the Internal Revenue Service (IRS) can lead to devastating consequences. Perhaps the most common payment arrangement people make with the IRS is an installment payment agreement. While setting up an IRS installment agreement seems straight forward, not knowing your options in making the arrangement… Read More »
How Exactly Does an Offer in Compromise Work with the IRS?
An Offer in Compromise is the one and only way that the IRS will voluntarily write off back taxes owed by you or your business. It is true that bankruptcy can discharge income taxes; however bankruptcy cannot discharge payroll taxes for a business or the owner of that business. It also cannot discharge any self-employment… Read More »
An IRS Payment Plan May Be the Best Solution For Your Tax Problem Sometimes the best solution to your tax problem is an arrangement to pay back the taxes owed over time, in a manner that will not squash you while you do so! At Huntsman | Lofgran, so many of our clients have started… Read More »