IRS Solutions Blog

Want to be a hero? File an Offer in Compromise (OIC) on behalf of your clients owing money to the IRS. An OIC means a fresh start— music to the ears of anyone dealing with a delinquent tax bill.

Three times in three years, and it continues to be modified annually: that’s how often the Internal Revenue Service has changed Form 2848, Power of Attorney and Declaration of Representative Circular 230. This is the form tax professionals use to represent their clients before the IRS. Most...

When you’re in business long enough you notice changes in filing status among some of your clients from year to year. Clients who were married last year might be separated or divorced the next time they file.   What About Offers in Compromise? Let’s say the husband owes back taxes for some years,...

Hope so because they are past due according to the tax code. By the way, did you get all the information you need to estimate their taxes due? Probably not from everyone. For an extension to be valid, taxpayers need to estimate their tax due. And when filling out form 4868, it’s pretty common for...