Get Tax Relief Today!
- Settle Your Tax Debt for a Fraction of What You Owe
- Stop Garnishments and Waive Penalties
- Work with an Experienced Tax Attorney
Taxpayer Act 2005 (TIPRA)
Tax Increase Prevention and Reconciliation Act
In 2005 Congress significantly changed the Offer In Compromise program by passing the Tax Increase Prevention and Reconciliation Act (TIPRA), these changes affect all Offers submitted on or after July 16, 2006.
Some of the changes Include:
- Taxpayers cannot be in an open Bankruptcy (as the debtor)
- A taxpayer must submit a $150 application fee or sign and submit form 656-A (alowng with the worksheet) showing proof that the fee would be an undo financial burden
- The taxpayer must submit a 20% lump sum offer or sign and submit form 656-A (alowng with the worksheet)showing proof that the lump sum would be an undo financial burden
- The first installment of a periodic payment offer or sign and submit form 656-A (alowng with the worksheet)showing proof that the fee would be an undo financial burden must be submitted
As a result of the TIPRA it is more important than ever to consult with an knowledgeable professional who can evaluate your tax situation and help you get real Tax Relief with the Offer In Compromise program.
- IRS Settlement
- IRS Processing Policy
- Determine Eligibility
- Terms and Definitions
- Tax Articles
- OIC Blog
How can I know that a tax attorney can help me with my specific IRS issues?
In many fields of work today, there is a wide variety of specialization. A real estate agent may fo...
Will the IRS pursue me if I do not file my tax return or pay my taxes?
Yes, the Internal Revenue Service (IRS) will pursue you in either case, whether you have not filed y...
How long can the IRS collect unpaid taxes from me?
The Internal Revenue Code, which defines how all facets of the Internal Revenue Service (IRS) operat...
