Tax_Debt

What to do if you made a mistake No one is perfect. We all make mistakes. This rule certainly applies to taxes and is only compounded by the fact that you are often at the mercy of third parties to send you the information in a timely and accurate manner.

I regularly get questions from individuals that have been assessed an additional tax, either from an audit or just a notice with little explanation. The letter makes it sound like there is they have no choice but to pay.

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.