In any tax case or bankruptcy case that contemplates discharging an income tax liability, the first two questions are (1) was a tax return filed, and (2) if yes, when? If no tax return was filed, then phase 1 is to get the tax returns filed. If you owe a tax liability, you are not eligible for any resolution of a tax debt or to discharge a tax debt in bankruptcy if you are not current and compliant with all filing requirements. (more…)
Archive for the ‘Tax Debt’ Category
In Tax Cases, So Much Rides On The Proper Completion And Filing of The Tax Return.
Friday, August 6th, 2010
Accepted IRS Offers In Compromise Are Public Records!
Sunday, August 1st, 2010Many taxpayers and tax practitioners are surprised to find out that a taxpayer’s accepted Offer In Compromise (settlement) is public record. When the IRS accepts an Offer In Compromise, it prepares a public inspection file. The public inspection file contains a redacted Form 7249, Offer Acceptance Report (more…)
