California Tax Attorney Blog

The IRS has excellent information on its website easily understood about Offers in Compromise. Those of us in Los Angeles, California and throughout the rest of the country who owe tax ought to consider an OIC.

Here's what the website covers:

What You Must Know Before You File an Offer in Compromise

All Taxpayers Do Not Qualify for an Offer in Compromise

Offer in Compromise Payments are Non-refundable

Federal Tax Liens are Not Released

Payments May be Designated

Refunds

Levies

Statutory Period for Collection Suspended

Five Year Compliance

OIC Payment and Application Fee Exceptions

Appeal

Approved Installment Agreement

Mandatory Acceptance

Work with a qualified tax attorney on your tax problem. Call Mitchell A. Port at (310) 559-5259.