Offer In Compromise Vs. IRS Payment Plan: Which Fits?

Offer In Compromise Vs. IRS Payment Plan: Which Fits?

Written By: Michael Vale Reviewed By: Bridgette Austin, Esq., EA, Co-Founder and Tax Attorney Last Reviewed: July 2, 2026 Owe the IRS more than you can pay right now? Two programs come up more than any others: an offer in compromise and an installment agreement. An...
Offer In Compromise Odds: What Are Your Real Chances Today?

Offer In Compromise Odds: What Are Your Real Chances Today?

Written By: Michael Vale Reviewed By: Bridgette Austin, Esq., EA, Co-Founder and Tax Attorney Last Reviewed: June 30, 2026 Most tax-relief ads skip this number. The IRS accepted about 21% of offers in compromise in 2024, down from 42% a year earlier, with early 2025...
What Documentation Is Required For An Offer In Compromise?

What Documentation Is Required For An Offer In Compromise?

Written By: Michael Vale Reviewed By: Bridgette Austin, Esq., EA, Co-Founder and Tax Attorney Last Reviewed: June 28, 2026 An offer in compromise lets you settle IRS tax debt for less than you owe, but the paperwork is what makes or breaks it. You need three core...
7 Tax Compliance Mistakes That Lead To Costly IRS Penalties

7 Tax Compliance Mistakes That Lead To Costly IRS Penalties

Written By: Michael Vale Reviewed By: Bridgette Austin, Esq., EA, Co-Founder and Tax Attorney Last Reviewed: June 26, 2026 A $10,000 tax bill you ignore for a year rarely stays $10,000. Stack the failure-to-file penalty, the failure-to-pay penalty, and daily interest,...
How Many Years Of Back Tax Returns Can The IRS Require?

How Many Years Of Back Tax Returns Can The IRS Require?

Written By: Michael Vale Reviewed By: Bridgette Austin, Esq., EA, Co-Founder and Tax Attorney Last Reviewed: June 23, 2026 Most people need to file the last six years of back tax returns to get current with the IRS. That covers most individual cases. Six years is...