If you owe the IRS money, you may not be able to leave the country. The IRS is taking away passports as part of IRS Section 7345. It allows them to advise with the State Department to suspend or deny the passports of taxpayers. Luckily, this mostly applies to those who owe a lot of money.
One common tool that is often used to attempt to resolve tax problems is submitting an Offer in Compromise to the IRS. An “OIC” is a document that is involved in what is essentially a negotiation with the IRS to settle the outstanding tax debt for less than the total amount owed. This section of our blog is dedicating to posts about Offers in Compromise.
Offer In Compromise
IRS Myth 12: Once You Owe The IRS Money, It Never Goes Away
This article is part of our series on the 12 Myths About the IRS That Taxpayers Need To Know. Every year, my clients save millions of dollars because the time for … Read more
IRS Myth 6: The IRS Never Makes Deals To Pay Less Taxes.
This article is part of our series on the 12 Myths About the IRS That Taxpayers Need To Know. If someone wants to file an Offer in Compromise to settle their … Read more
IRS Myth 5: The IRS Never Forgives Penalties
This article is part of our series on the 12 Myths About the IRS That Taxpayers Need To Know. Failing to file a personal tax return on time carries with it … Read more
The Truth About Offers In Compromise
In the real world, people and businesses settle for less all the time. So when they come to me with a tax problem, they want to know if they can make a deal with the IRS.
Miami Tax Attorney Steve Klitzner Explains Offer in Compromise (OIC)
I’m tax attorney Steve Klitzner. I represent individuals and businesses that have IRS problems. One of my favorite questions I hear from friends, family, clients, prospective clients is, “We see … Read more