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Expenses
- The taxpayer has two vehicles in their name: their own, which is leased, and their college age child's, which has no payment. IRS will not allow the taxpayer's car payment. Why?
- My client pays for after-school care for their two children. Is this allowed?
- If an expense is not allowed for the Offer does that mean the taxpayer cannot pay the expense?
- Are college tuition payments for the taxpayer's children allowed as an expense for an Offer-in-Compromise if they are REQUIRED under the divorce decree?
- My client donates to charity every year. Is this an allowable expense?
- If spouses are separated and both have housing expenses can they claim both of their housing expenses for calculating their Offer?
- Can the taxpayer get both auto expense and public transportation as deductions when calculating future income for their Offer?
- How often does the IRS update its expense standards for Offers?
- Can the taxpayer challenge the IRS expense standards as being abusive because they are so limiting?
- How do you know what the standards for expenses are if the taxpayer lives in a foreign country?
- Can I claim childcare expenses if the stay-at-home spouse is disabled?
- For the car payment limits, what if one spouse's car payment is higher than the allowable standard and the other spouse's car payment is lower than the standard? Can you average them or add them together?
- Can you claim medical deductions for a taxpayer's mother?
- How can the professional representative become a "future expense" and have our fees factored into the Offer?
- What do you do with clients that pay for everything in cash and cannot prove their expenses?
- What is included in the housing expense?
- My client has multiple Schedule C businesses, some of which lose money. The IRS is only using the positive income businesses and ignoring the losses from the others. Is this accurate?
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