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Category - Income

Articles

Can you adjust a taxpayer's withholding to reduce their income and help them get their Offer accepted?

The IRS is forcing my client to include the child support payments as income, why?

What if the client's income swings up and down so there is no clear picture of their normal level of income?

If the IRS averages the taxpayer's income over the last 3 years, do they use that for the RCP calculation instead of their current income?

I have a taxpayer that received phantom income from a pass through but no cash. Does this income have to be included?

What if the client has a W-2 but not enough withholding?

Do I use 12 months of future income for a lump sum offer or the 80 months remaining on the CSED?

The IRS is adding my client's EIDL loan in as future income from his business. Wont the IRS have to allow an offsetting expense for the repayment of the loan back to the federal government?