Filing for bankruptcy can be a daunting decision, often seen as a last resort for individuals and businesses facing overwhelming financial difficulties. While bankruptcy can provide...
Posted by Rosovich & Associates, Inc. on 11/17/2023
Filing tax returns on time is crucial to maintain compliance with the Internal Revenue Service (IRS). However, circumstances may arise where individuals or businesses fail to file...
Posted by Rosovich & Associates, Inc. on 07/07/2023
At times, paying your tax debt becomes impossible. However, there is a solution to cease the collection calls from the IRS. The organization has various programs aimed at assisting...
Posted by Rosovich & Associates, Inc. on 02/17/2023
An OIC (Offer in Compromise) is a payment option that the IRS makes available to taxpayers. It enables you to pay off your tax debt without "going bankrupt" or "breaking...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2021
You may hear of a program offered by the IRS to taxpayers who are having difficulties in paying their tax obligations. Offer In Compromise is a program that allows taxpayers to pay...
Posted by David Yeomans Accounting Service, Inc. on 03/11/2018
IRS has the standards for you to have a clean sheet on the tax and receive the discount. The main standard is the offers in compromise also known as OIC. IRS considers the amount of...
Posted by Duce Taxes & Accounting on 03/01/2018
The phrase “tax relief” has been thrown around a lot lately. Is it a legitimate way to help offset your taxes?Or is it some kind of elaborate scam designed to leave you worse off...
Posted by Williams Tax & Bookkeeping on 02/19/2016
