Posts Tagged ‘Offer in Compromise program’

Modular Home Broker Hid $406,000 in Taxable Income, Faces 3 Years in Federal Prison

Tuesday, April 7th, 2009

The owner of Factory Direct Modular Homes in Brick, N.J., pleaded guilty to tax charges for under reporting the business’ income for tax years 2002 and 2003 by about $406,000.
Janice Pfefferkorn, 54, who also went by the name Janice Morton, pleaded guilty to a two-count Information charging her with two counts of filing a false federal tax return.
According to court records, as a broker for a modular home manufacture, Pfefferkorn
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Tags: filing false federal tax return, Free Tax Consultation, Offer in Compromise program, tax attorney, tax charges, tax cheat, tax evasion, tax specialist, underreporting business income, underreporting income tax
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »

Tax Client of the Month: IRS Accepts William H’s Offer in Compromise

Saturday, March 21st, 2009

Every month I choose a very special Client Of The Month. It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
This month’s Client Of The Month is Mr. William H.
William owed over $320,000 to the IRS. Our negotiations and advocacy resulted in the IRS accepting a $100.00 Offer In Compromise to settle his debt.
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Tags: Offer in Compromise, Offer in Compromise program
Posted in IRS Times and Inquirer, Offers in Compromise, Tax Client of the Month | 1 Comment »

IRS Question Corner …

Saturday, March 8th, 2008

Question: How do I determine if I qualify for the IRS’s Offer in Compromise program, and how best do I determine if the program would benefit me?
Answer: You should first understand what the Offer in Compromise program is and why it came into being. The gist is this: After spending years with a bare-knuckled approach to tax collection, the IRS began to question whether working with people with tax debt
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Tags: irs questions, Offer in Compromise, Offer in Compromise program, oic
Posted in IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »

IRS Question Corner …

Wednesday, February 6th, 2008

Question: I don’t think I qualify for the Offer in Compromise program. However, I’ve heard a little bit about the IRS’s Installment Agreement. What is that and how could it help me?
Answer: First, unless you have consulted with a qualified tax professional and he or she has advised you that you do not qualify for the Offer in Compromise program, do not assume you are ineligible.
The Offer in Compromise program
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Tags: irs questions, Offer in Compromise, Offer in Compromise program, oic
Posted in IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »

If I am not eligible for the Offer in Compromise program, can I enroll an Installment Agreement?

Thursday, December 6th, 2007

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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Tags: Installment Agreement, Offer in Compromise, Offer in Compromise program, PIC
Posted in IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »