Tag Archives: OFFER IN COMPROMISE

FINANCIAL INFORMATION OF OTHER SPOUSE SUBMITTED WITH JOINT OFFER IN COMPROMISE CANNOT BE OBTAINED FROM IRS

Suppose a couple who are separated and living apart have submitted a joint Offer in Compromise on an income tax liability owed on a previously filed joint return year.  Now, they are in the process of getting a divorce.  The … Continue reading

Posted in DIVORCE, IRS COLLECTIONS, TAX | Tagged , , , , | 2 Comments

FILING BANKRUPTCY BEFORE SEEKING INNOCENT SPOUSE RELIEF ON IRS CLAIM ENDS IN DISMISSAL OF BANKRUPCY CASE AT REQUEST OF DEBTOR

Pearl Dwek filed for bankruptcy under Chapter 13.  Before the Court had confirmed her plan, she filed a motion to modify the stay to extend the period of her payment plan to allow her to proceed in U.S. Tax Court … Continue reading

Posted in INNOCENT SPOUSE, IRS COLLECTIONS, STATUTE OF LIMITATIONS, TAX, TRUST FUND PENALTY | Tagged , , , , , , , , , | Leave a comment

THERE ARE NO MAGIC TRICKS FOR RESOLVING TAX DEBTS OF THE NON-FILER: CAUTION NOT SPEED SHOULD BE THE WATCH WORD.

Booker T. Washington said, “Nothing ever comes to one that is worth having, except as a result of hard work.”  There is no easy solution to resolving tax debts.  Anyone who claims to be able to eliminate tax debts quickly … Continue reading

Posted in DELINQUENT RETURN, INNOCENT SPOUSE, IRS COLLECTIONS, RETURNS, TAX, TAX CRIMES, UNFILED RETURNS | Tagged , , , , | Leave a comment

IRS ANNOUNCES PENALTY RELIEF, NEW AUTOMATIC INSTALLMENT PAYMENT GUIDELINES AND STREAMLINED OFFER IN COMPROMISE PROCEDURES

The full text of IR 2012-31 is reproduced below:  WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making … Continue reading

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