Tag Archives: Reasonable Collection Potential

Make an Offer that the IRS Can’t Refuse: How to calculate an offer in compromise acceptable to the”Don”

An Offer in Compromise is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the full amount owed. The Internal Revenue Service will generally accept an Offer in Compromise when it … Continue reading

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Is the IRS Today’s Mafia? The Confessions of the Barefoot Accountant, a Consigliere to Goombas

Is the IRS Today’s Mafia? The Confessions of the Barefoot Accountant, a Consigliere to Goombas Continue reading

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How to Calculate an Offer in Compromise to the IRS, by William Brighenti, CPA

Calculating an Offer in Compromise to be submitted to the Internal Revenue Service requires extensive work and analysis.  Failure to follow strictly and precisely the IRS’s requirements in its preparation will result in all likelihood of its rejection.  This article … Continue reading

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