IRS

The rollout of the Payroll Protection Plan loans has been fraught with peril for not only those trying to take the benefit but also for those advising them. The program’s stated goal was to provide a quick influx of cash for small businesses to help them cover expenses, especially payroll, through the pandemic.

Offers in compromise get a lot of attention from promoters. It is often touted as a quick way to erase your IRS debt. Is there any truth to these claims? Read on to learn more about what offers in compromise are really about.

The case of Helvering v Gregory made popular one of the most famous tax quotes, which may also be one of the most misunderstood quotes. In his opinion, Learned Hand commented that “[a]ny one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.

The IRS Fresh Start Program is much advertised to eliminate tax debts, but does it work that way? We will explore what this program is and is not and how it may help you.