Free Info – Killer IRS Offers In Compromise
The secrets are already listed on the topic pages of the site or under the “free advice” tab.
The Secret here is that most offers filed on corporations are not necessary. Let me explain… Filing an offer on a corporation to save IRS taxes is usually a waste of time and money because it is unnecessary. If a corporation is insolvent the IRS can’t get anything from it anyway. Better to do a corporate restructuring first. When you do a bankruptcy on a corporation the IRS is likely to add a going concern value to the value of the corporation. Plus the corporation may have accounts receivables and cash, etc. that will also have to be added to the amount offered. Read my pages on offers, payroll etc. to get a better idea.
Another secret is to make sure you decide if you want to be in a payment plan while your offer is being considered. Any approved payment plans must continue while the offer is being considered. You may be making payments under the payment plan and the offer at the same time. Make sure you read and understand the IRS instructions for filing the offer form 656 before planning your collection strategy.
Don’t forget to read all the related topic pages on this site for more valuable information gathered over many years of case experience.
Thank You For Subscribing
Your contact information has been added to our mailing list for newsletter updates. You can choose to unsubscribe from our list at any time.