There are only 4 ways of eliminating your IRS debt: 1) Paying it, 2) Waiting until the statute of limitations for collection has expired, 3) Successfully presenting an Offer in Compromise or 4) Discharge in Chapter 7 or Chapter 13 Bankruptcy. Each of these carries positive and negative consequences to you. If you pay it, […]
How to prove to the IRS that you are uncollectible
The proof required to show you are uncollectible & can’t pay so the IRS should cease active collection will be revealed with the Form 433F or Form 433A (& the supporting documentation). This takes a lot of work. Essentially, the IRS subtracts your allowable expenses from your net income and asks you to pay the […]
Late-filed Tax Returns & Bankruptcy – Bad Blood
When you don’t prepare your own return and the IRS has evidence that you owe taxes they can assess the tax against you without your agreement under 26 USC § 6020(b). This assessment is called a “Substitute for Return” (SFR). But, this is not considered a “return” by you since you didn’t swear to the […]
Come on Down – NOT!
When the IRS “invites” you to come on down to their office, it can be very intimidating because you don’t know what to expect and what documents the IRS wants from you. But now, the TaxHelpLaw program relieves you of fear by showing you exactly what to do and say. Every line of every common […]
