Offer In Compromise: Can I Really Settle For Pennies On the Dollar?
You’ve seen the ads: settle your IRS tax debt for pennies on the dollar. But what’s the truth? Here’s what you actually need to know before pursuing an Offer in Compromise. If you owe back taxes and have seen advertisements promising that you can wipe out your IRS debt for a fraction of what you…
IRS Fresh Start Program: What It Is and How to Know if You Qualify
If you’re feeling overwhelmed by IRS tax debt, you’ve likely come across the term Fresh Start Program or Fresh Start Initiative. Although the name suggests a single program, it actually refers to a collection of IRS tax relief options designed to help taxpayers get back into good standing. These options can make resolving your tax…
Common Tax Terms
A Ability to PayThis refers to the amount you can pay toward your tax balance. Above-the-Line DeductionAlso called an adjustment to income. A type of deduction that you may take without having to itemize. Adjusted BasisThe original value of a piece of property plus the value of improvements and minus depreciation. The adjusted basis is…
Resolve Tax Group 