Posts Tagged ‘IRS compromise’

In Ailing Economy, More Taxpayers Are Likely to Qualify for Offer in Compromise

Sunday, January 25th, 2009

Faced with overwhelming tax debt, more Americans than ever will be hoping to qualify for the IRS Offer in Compromise (OIC) program and save thousands of dollars in taxes, penalties and interest.
In 2007, approximately 46,000 offers were submitted to the IRS nationally and only 12,000 were accepted. This year, there will be more offers submitted this year, as well as a higher IRS acceptance rate due to the state of
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Bingo Operators Jailed on Tax Charges

Friday, August 1st, 2008

William J. Tway and Robert J. Ford were sentenced in Boise, Idaho, for conspiracy to defraud the IRS through their operation of Big Bucks Bingo in Garden City. They were sentenced to six months in prison, to be followed by nine months of home detention, and they must also pay a fine of $30,000. Ford and Tway ran Big Bucks Bingo starting in 1996 under a provision in the state constitution that permits
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