Can the IRS Visit Your Home or Business?
It doesn't happen much, but they do make house and business calls when there is serious tax violation. If the IRS visits, it’s will be one of these people. IRS Revenue agent: They conduct an onsite audit at your business or home IRS Revenue Officer: They collect back taxes and enforce the filing of back tax returns. A revenue officer is sent when taxpayers haven't set up a payment agreement or they owe a large amount ($100,000 for an individual), back payroll taxes, and/or ha
Can the IRS Settle My Taxes for Less Than What I Owe?
The IRS can write off all or some of your tax debt through “Offers in Compromise.” Last year, 16 million individuals owed the IRS and about 25,000 of those individuals received an offer in compromise. The IRS usually likes to negotiate through payment plans or label accounts as currently not collectible status- where your allowable expenses exceed your monthly income. Proof of Ability to Pay To qualify for an offer in compromise, the IRS wants to know if it can or can't colle
