For more information visit www.lgbt.tax

Wednesday, February 25, 2015

If You Owe Back Taxes, Try Making the I.R.S. an Offer (@nytimes)

Do you back taxes? If so, Charles DeLaFuente has some advice to follow, which could potentially lead you to get "the deal of a lifetime."

Full article at The New York Times

"The agency has a program it calls an “offer in compromise,” which develops payment plans for taxpayers who can demonstrate that they face problems involving ability to pay, fairness or liability.
The burden of proof rests with the taxpayer, who needs to make a payment offer, which the agency is free to reject. While it is easier than it once was to have an offer accepted, filling out the forms is no picnic. Still, the acceptance rate for taxpayers’ offers, which was under 25 percent as recently as 2010, rose to 42 percent in 2013, according to the I.R.S" 

To have us call you about finance, estate planning or tax issues, fill out the form at http://www.lgbt.tax/Start