Tag Archives: Dissipation

Understanding the New OIC Rules

The new OIC rules have many subtle benefits worthy of investigation. Recently I met with a prospective client whose situation illustrates the importance of being current in this specialized area of practice. My new (prospective) client, John, presented me with … Continue reading

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Beware of the Traps in the New 433-A (OIC) Forms

On May 21st the IRS made some taxpayer-friendly changes to the Offer in Compromise program. More struggling taxpayers will be eligible to get their taxes back on track. Among the changes are several items that may be excluded from the … Continue reading

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Dissipation of Assets and Reasonable Collection Potential

You have engaged the client, received your retainer, and commenced gathering his information to map a plan to resolve his $100,000 tax problem. Initially it appeared he would be a good candidate for an Offer in Compromise, but now you learn … Continue reading

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