IRS, Tax

What is a Doubt as to Liability Offer in Compromise?

August 16, 2023

An Offer in Compromise is an agreement made between the taxpayer and the Internal Revenue Service (IRS) that settles a tax debt for an amount less than the amount of

Business of Law

Answering Contract FAQs With Joshua D. Brinen

August 9, 2023

What is a representation in a contract? A representation in a contract is a representation or fact that the seller or buyer promises is true, and is an inducement for

Federal Taxes are Only Half the Battle

August 2, 2023

An audit by the Internal Revenue Service (IRS) can be a long and cumbersome process — but the Internal Revenue Service audit is only half the battle. Following a federal

Form Documents, Securities

What are the Benefits of Filing a Form 8-K?

July 26, 2023

Under the Securities Act of 1934, an issuer – a company that is publically traded – must make certain reports to the Securities and Exchange Commission (“SEC”) on a periodic

Penalties Imposed by the IRS — What Are Your Options?

July 19, 2023

The Internal Revenue Service (IRS) imposes penalties on taxpayers who are not compliant with their tax or information filings. Penalties can be imposed for several reasons, including failure to file

Litigation, Tax

What is a Collection Due Process (CDP) Hearing?

July 12, 2023

If you have outstanding debt, the IRS may pursue a collection action. A Collection Due Process Hearing — commonly referred to as a “CDP” — is typically a taxpayer’s last

What is the Collection Appeal Program (CAP)?

July 5, 2023

The Internal Revenue Service (IRS) may levy your assets, seize your property, and issue a federal tax lien if you have unpaid taxes. A Collection Appeal Program (CAP) can be

Answering Tax Audit FAQs With Joshua D. Brinen

June 28, 2023

What is an information document request? An information document request is a formal notice from the Internal Revenue Service. During an audit in which the Internal Revenue Service personnel, be

IRS, Tax

Understanding Interest Charged by the IRS

June 21, 2023

Tax is due to the Internal Revenue Service (IRS) on the return filing date. If you fail to pay all taxes owed when due, interest will be charged and continue

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