Tag: IRS forms

How an Offer In Compromise (OIC) Works

IRS Offer in Compromise

Do you owe back taxes to the IRS?  Until your debt is paid in full, the federal agency can assess penalties, interest, and more.  Fortunately, you have options on how to settle your debt with the IRS.  One solution is an Offer in Compromise. Read on to find out what an Offer in Compromise is,… Read more »

What are Collection Due Process Appeals?

What are Collection Due Process Appeals?

Do you owe money to the IRS that has resulted in a Notice of Federal Tax Lien being filed, or a levy action being taken?  If you think this action is unwarranted, you can file a Collection Due Process appeal. If you are facing these actions, find out how hiring a tax attorney can help… Read more »

How to File an FBAR for Previous Tax Years

FBAR

Immersing yourself into different cultures overseas can be adventurous, but if you’re not careful, you could come back to the states to find yourself out of compliance with the IRS. The United States and Eritrea, a country located on the northeastern coast of Africa, are the only two countries in the world that base their… Read more »

What is the Difference Between IRS Form 433 A, B and F?

IRS 433 Forms

Whether you are a wage earner or self-employed, there are three relevant information collection statement forms titled as IRS Form 433A, IRS Form 433B, and IRS Form 433F. Their basic function is to relay your financial assortments in a particular structure to the IRS. From these collection documents, the IRS is able to determine how… Read more »