• Why Tax Resolution
  • Join TRN
    • For Enrolled Agents
    • For CPAs & Tax Pros
    • For Attorneys
    • Compare Membership Levels
    • Silver TRN Membership
    • Gold TRN Membership
    • Platinum TRN Membership
    • Group Membership for Firms
  • Events
    • The Practitioner’s Advisory Summit
    • TRN 2023 Workshop Series: Offers-in-Compromise: Filing Offers that get Accepted Every Time!
    • TRN 2023 Live: St Louis and San Antonio
    • 3rd Annual Tax Rep Summit from ORLANDO
  • Books
    • Tax Liens and Tax Levies
    • Checklists, Letters, and Forms
    • IRS Offers
    • Resolving Payroll Taxes
    • Resolving Tax Debts
    • IRS Collections
    • How to Build a Million Dollar Practice
  • TRN App
  • TRN Podcast
  • Resources
    • Complimentary Resources
    • Blog
  • About Us
    • Our Team
    • Testimonials
    • Press
    • CPE/CE
    • Refund Policy
  • Contact
Tax Rep LLCTax Rep LLC
Tax Rep LLCTax Rep LLC
TRN MEMBER LOGIN Get Tax Rep Updates
  • Why Tax Resolution
  • Join TRN
    • For Enrolled Agents
    • For CPAs & Tax Pros
    • For Attorneys
    • Compare Membership Levels
    • Silver TRN Membership
    • Gold TRN Membership
    • Platinum TRN Membership
    • Group Membership for Firms
  • Events
    • The Practitioner’s Advisory Summit
    • TRN 2023 Workshop Series: Offers-in-Compromise: Filing Offers that get Accepted Every Time!
    • TRN 2023 Live: St Louis and San Antonio
    • 3rd Annual Tax Rep Summit from ORLANDO
  • Books
    • Tax Liens and Tax Levies
    • Checklists, Letters, and Forms
    • IRS Offers
    • Resolving Payroll Taxes
    • Resolving Tax Debts
    • IRS Collections
    • How to Build a Million Dollar Practice
  • TRN App
  • TRN Podcast
  • Resources
    • Complimentary Resources
    • Blog
  • About Us
    • Our Team
    • Testimonials
    • Press
    • CPE/CE
    • Refund Policy
  • Contact

New Haven, CT: How to Get an IRS Offer-in-Compromise Accepted

New Haven, CT: How to Get an IRS Offer-in-Compromise Accepted

April 22, 2020 Uncategorized

Though I sit in New Haven, Connecticut most days we assist taxpayers all over the country to resolve their tax debts with the IRS.  There is a lot of confusion surrounding the IRS Offer-in-Compromise program, so I wanted to clear up some misconceptions.

  1. There is no magic to an Offer-in-Compromise.  At its core, the IRS Offer program is based upon a formula called “Reasonable Collection Potential“, or RCP.
  2. Many taxpayers believe that if they cannot tap equity in assets than that equity is not included.  That is wrong.  What the Offer-in-Compromise program is effectively is calculating the amount of money the IRS is willing to accept to settle the tax debt.  It is not a  measurement of what the taxpayer can easily access.  If the taxpayer has equity they cannot tap and cannot get from some other sourfce than they may not be able to do an Offer-in-Compromise and may need to find another solution.
  3. Even once the RCP is calculated there are options for taxpayers to reconsider lifestyle to make themselves a better Offer-in-Compromise candidate.  It is critical we review and strategize about a case to give it the best chance of success when filed.

If you or someone you know owes money to the IRS, contact me at either (203) 285-8545 or by email at egreen@gs-lawfirm.com.

 

Eric L. Green, Esq.

Green & Sklarz LLC

One Audubon Street, 3rd Floor

New Haven, CT 06511

Ph. (203) 285-8545

egreen@gs-lawfirm.com

www.gs-lawfirm.com

Share
0

What are people saying about Eric Green's training?

Dawn B. - “The representation side of my practice has just exploded thanks to Eric. I have added staff and now focus my business on much more lucrative representation matters. There is no way this would have happened without his expertise...”

Stan F. – “I just wanted to say thank you for today’s webinar. I have been doing taxes for 19 years and this was by far the best training that I have ever attended, and I attend a lot.”

Jack B. – “As a retired Revenue Officer and now an enrolled agent, your presentation was outstanding. The handout package was very well done.”

Stephen M. – “Best back tax seminar I have attended. Expertise is superior and very clear and useful. Thanks!”

Hector H. – “Eric Green is a great speaker, and offers an excellent well-rounded seminar!”

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Send Message

Sitemap

Why Tax Resolution?
TRN Memberships
Self-Study CPE/CE
Events
Books
Testimonials
Resources
CPE/CE
About
Contact

Contact Info

  • Providing Tax Resolution Training, Workshops, and Seminars for CPAs, EAs, Attorneys and Tax Professionals
  • TAX REP NETWORK
  • One Audubon Street, 3rd Floor, New Haven, CT 06511
  • hello@taxrepllc.com

CONNECT WITH TAX REP NETWORK

Client Portal

© 2023 — TAX REP, LLC · All Rights Reserved | Legal | Privacy | Terms of Service | Cookies

  • Home
  • Memberships
    • TRN Silver
    • TRN Gold
    • TRN Platinum
  • Self-Study CPE/CE
  • Events
  • Books
  • Testimonials
  • Resources
  • CPE/CE
  • About
  • Contact
Prev Next