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Posts Tagged ‘tax attorney’

What is an Offer Compromise?

An offer in compromise is an agreement between the IRS and the taxpayer to settle the taxpayer’s back taxes for less than what is due and owing. Currently, the IRS will accept less than the full amount of tax due if: • it is satisfied that it will not be able to collect the full…

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IRS Installment Agreements During Coronavirus

Must I pay on my existing IRS Installment Agreement during the Coronavirus pandemic? • Yes. While the IRS suspended payments due between April 1 and July 15, 2020 on existing installment agreements, the suspension has lapsed.  Payments must now be made to keep existing installment agreements in good standing.  In most cases, taxpayers can simply…

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IRS Liens and Levies During Coronavirus

Will the IRS levy me or file a lien during the Coronavirus pandemic? The IRS should not levy you during this period, and it probably will not file a lien against you, although it could under some circumstances. The IRS announced on March 25, 2020 that it is introducing a series of temporary policies and…

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