The IRS Offer in Compromise: Uncle Sam's Let's Make a Deal Program - Softcover

Fink, Danny E

Softcover

ISBN 10: 1482769573 ISBN 13: 9781482769579

Publisher: CreateSpace Independent Publishing Platform, 2013

Synopsis

Statistics show that 1 in 15 Americans have some type of tax problem. This means that between 14 and 15 million Americans have an IRS tax problem of some kind. The IRS has several types of solutions to help troubled taxpayers, including Installment Agreements, Penalty Abatement, Innocent Spouse Relief, and yes, the Offer in Compromise. The book walks the taxpayer step-by-step through the Offer in Compromise process. Starting with how to do a complete financial evaluation to see if you qualify for an OIC. It then lead you step-by-step in how to complete the required Forms 433-A and 656. It explains what happens after the offer is submitted and the process the offer takes through the IRS. There are also ten money saving tips included to help the taxpayer qualify for the lowest offer amount possible. For example, did you know that you could qualify for an additional $200 per month of allowable transportation operating expenses if your vehicle has over 75,000 miles or is six years old or more. There are also four "Top-Secret" allowable expenses explained that many people are unaware of, even tax professionals. This book can be used as your guide to help you prepare your own Offer in Compromise or as a reference book to ensure that your tax professional doesn't miss anything.

About this title

About the Author:

Danny Fink, CPA is a veteran accountant who specializes in representing troubled taxpayers before the IRS. He has a Master of Science degree in Accounting from James Madison University, he is a CPA licensed in both West Virginia and Virginia. He is also a member of the American Society of Tax Problem Solvers and is licensed to represent taxpayers before the IRS in all 50 states. He is the owner and founder of Premier Tax Consulting, “The Rescue Squad for Troubled Taxpayers”, located in Morgantown, West Virginia. He is a long-time endurance athlete, and was a member of the United States Summer Biathlon National Team for many years, representing the USA at eight World Championships. He lives in Morgantown with his wife, Leah, and their sons, Alex and Ben.

About this edition

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2013
• ISBN 10: 1482769573
• ISBN 13: 9781482769579
• Binding: Paperback
• Number of pages: 88