Q: You have received a notice (CP-504) from the IRS?
Q: You owe the IRS. What if you cannot pay it all right now?
Q: What Is “Currently Not Collectible” ?
Q: What is Installment Agreements (Ias)?
Q: What is the Taxpayer Advocate Service?
Q: Who can file an Offer In Compromise?
Q: What are the requirements for an OIC?
Q: What is the most common reason for the large
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Venice civil rights attorney Stephen G. Yagman was sentenced to 36 months in federal prison for attempting to evade more than $100,000 in federal income taxes and committing bankruptcy fraud.
U.S. Dist. Judge Stephen V. Wilson said he imposed a “serious sentence” after being “shocked” by Yagman’s testimony in court, which was “so transparently untrue in so many areas.”
A federal jury convicted Yagman in June, finding him guilty of 19 felony
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Kimberly Martello, 36, of Thomasville, Ga., formerly of Torrington, Conn., pleaded guilty in New Haven to one count of filing a fraudulent income tax return and fictitious W-2 wage and tax statement for tax year 2003.
According to court documents, Martello filed 23 false income tax returns, fabricated false W-2 wage and tax statements, and claimed false tax refunds for tax years 2002, 2003 and 2004.
Martello filed these false returns and
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A Missouri man was charged with failing to pay employment taxes after he had collected them from his employees.
Paul Scott King Jr. was an officer of two corporations, Nurses Now LLC and Ichor Health Services. According to the indictment, King deducted and collected from the total taxable wages of the corporations’ employees income taxes and did not pay them to the IRS. The amounts owing, according to the indictment, is
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The owner of Oxnard, Calif.-based Haas Automation was sentenced to two years in federal prison for orchestrating a scheme in which tens of millions of dollars in bogus expenses were put on the company’s books in an attempt to avoid the payment of more than $34 million in federal income taxes.
Gene Francis Haas, 54, of Camarillo, Calif., was ordered to begin serving on Jan. 14, 2008. Haas has already paid
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Robert Kenneth Dromm, of St. Petersburg, Fla., was sentenced to 48 months in prison after pleading guilty to one count of tax evasion.
According to court records, Dromm owned Pay Plus Payroll Administrators, which collected funds from its corporate clients and agreed to file payroll tax returns with the IRS and pay to the IRS its clients’ payroll taxes. From 1999 and 2004, Dromm embezzled the funds by engineering a
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A Newton, Mass., man received one year in prison for every million of the $2 million in income taxes he evaded.
Robert D. Epstein, 61, pleaded guilty to charges that he failed to report as income approximately $5,952,000 in money that Epstein secretly removed from his law partnership. By failing to record the money he took from the partnership, Epstein evaded approximately $2,225,000 in federal income taxes.
He was sentenced to two
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Maria Rullo, 45, of New Fairfield, Conn., was sentenced to 30 days in federal prison for filing a false tax return. According to court documents, Rullo failed to report alimony income and certain other income on personal tax returns she filed with the IRS. In all, Rullo agreed to pay over $30,000 to the IRS for material omissions to her returns filed for the 2001 to 2004 tax years. 

Stephen J. Short Jr., of Vero Beach, Fla., was sentenced to 11 months in prison and ordered to pay $47,000 in restitution after being convicted of four counts of willfully failing to file his income tax returns.
Short, the owner of Short Chiropractic, failed to file federal income tax returns for the tax years 2000 to 2004, court records showed. Short’s total tax loss due and owing was more than $120,000.

Question: If I am not eligible for the Offer in Compromise program, can I enroll an Installment Agreement? And if so, how does it work?
Answer:  The answer: Yes.
The Offer in Compromise program is for taxpayers who, for whatever reason, have amassed a tax debt that they cannot pay under any circumstance. Taxpayers who do qualify for the program can have their tax debt reduced by pennies on the dollar.
However, there
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