What is an offer in compromise OIC with the IRS on back taxes? скачать в хорошем качестве

What is an offer in compromise OIC with the IRS on back taxes?

https://www.alabamaconsumer.com/2019/... An offer in compromise is where you ask the IRS to settle for less than 100% on the amount of back taxes (interest and penalties also) that you owe. This is for when, per IRS regulations and rules, you do not have the ability to pay back the full amount. There are three basic types: 1. Effective tax administration (where you could pay it back but it would be unfair to ask you to do this -- very rare this is granted) 2. Doubt as to liability (where you have a legitimate argument that you don't owe the amount as both sides settle to avoid the risk) 3. Doubt as to collectibility -- this is the most common one. We will go into more detail in future videos. Thanks for watching and any comments you have... John John G. Watts Watts & Herring, LLC Representing consumers across Alabama 205-879-2447 http://www.alabamaconsumer.com/ "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers." Our free weekly webinar is here -- https://my.demio.com/ref/ZHxa8NhYRNAp... -- on Thursday we'll be talking about some of the new FDCPA rules. Join us if you can! "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers."