Posts Tagged ‘Ask the Expert’

Ask The Tax Resolution Expert – What is the Offer in Compromise, and how do I qualify?

Thursday, April 9th, 2009

It’s tax season – the perfect time to resolve your tax probelms and get your IRS questions answered!
Got tax questions about tax audits, wage garnishments, IRS bank levies, payroll tax problems, or tax relief in general? Call our office today at 1-866-IRS-PROBLEMS or visit www.taxresolution.com for a free tax resolution consultation.
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Question: Give it to me straight, please. I have substantial tax debt. What is the Offer in Compromise, and
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Tags: Ask the Expert, ask the tax resolution expert, IRS problem solver, Offer in Compromise, Offer in Compromise program, tax expert, tax help, tax relief, tax resolution
Posted in Ask the Expert, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »

Ask the Tax Resolution Expert: Canceled Debt – Is it Taxable Income or Not?

Tuesday, April 7th, 2009

It’s tax season – the perfect time to resolve your tax probelms and get your IRS questions answered!
I’ve received several questions in the past few weeks asking about cancellation of debt and taxability. Below is a good summary from the IRS website.

Topic 431 – Canceled Debt – Is it Taxable or Not?
In general, if a debt for which you are personally liable is canceled or forgiven, other than
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Tags: Ask the Expert, ask the tax resolution expert, canceled debt, cancelled debt, Michael Rozbruch, nontaxable income, tax advice, tax attorney, tax audit, tax expert, tax help, tax problems, tax relief, tax resolution, tax resolution services, Tax Tips, taxable income
Posted in Ask the Expert | 4 Comments »