Sometimes people in tax debt wonder why the IRS would even accept an offer in compromise. After all, the IRS can garnish wages, levy bank accounts, and record tax liens for as long as it takes to collect back taxes. With such power, why should the IRS accept less than the … [Read more...]
Offer in Compromise Articles
The following contains all of the articles posted by The Law Office of Jin Kim on offers in compromise with the IRS. Some articles have been supplied by guest authors.
Offer in Compromise Basics: What Is Doubt As To Collectibility?
There are three grounds for an offer in compromise: (1) doubt as to liability, (2) doubt as to collectibility, and (3) to promote effective tax administration. The vast majority of offers in compromise are submitted on the basis of doubt as to collectibility. Doubt as to … [Read more...]