ARCHIVED BLOG POSTS

2019 

This blog is the third in a series on how the IRS determines how much (and whether) a taxpayer can repay their tax debts. The calculation is based upon a concept called “Reasonable Collection Potential”, or “RCP” which looks at a taxpayer’s assets, future income and allowable living expenses in o...
02/26/2019
Over the last few weeks I’ve given an overview of how the IRS determines how much a taxpayer can afford to pay and how much they (the IRS) will accept to resolve a taxpayer’s outstanding tax liabilities.Last week’s article, linked here, https://activerain.com/blogsview/5332623/norwalk--ct--what-a...
02/18/2019
In last week’s blog, “The Secret Sauce to Tax Resolution – RCP” linked here, https://activerain.com/blogsview/5329707/norwalk--ct--the-secret-sauce-of-tax-resolution----rcp- I gave an overview of how the IRS determines the dollar amount of delinquent taxes that a taxpayer can repay. Over the next...
02/12/2019
How does the IRS determine how much of your tax debts you can afford to repay? Should they insist on full repayment? Settle for less than what you owe them? Leave you alone for a year or two while you overcome a financial hardship like the death of a spouse, loss of employment, serious illness, d...
02/05/2019
How does the IRS determine how much of your tax debts you can afford to repay? Should they insist on full repayment? Settle for less than what you owe them? Leave you alone for a year or two while you overcome a financial hardship like the death of a spouse, loss of employment, serious illness, d...
02/05/2019
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Michael O'Leary EA, NTPI Fellow

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