IRS Offer-in-Compromise in New Haven, CT: Why now may be the best time in memory to file an Offer-in-Compromise in Connecticut and clear up your old tax debt!
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
The focus of our practice is civil and criminal taxpayer representation, as well as bankruptcy and commercial litigation. The IRS’s new 2012 “Fresh Start” initiative has made this time maybe the best time ever if you live in New Haven, Connecticut to file an Offer-in-Compromise (“OIC”) with the IRS. We can tell you that in the past it has often been difficult to have an OIC accepted by the IRS. However, in an effort to both help taxpayers and get its arms around its ever growing inventory of collection cases, the IRS has rolled out a 2012 initiative that makes it easier to resolve past tax debts, including: A reduced window for reviewing dissipated assets; A significantly reduced “future income” calculation for the OIC; A streamlined Offer-in-Compromise program that reduces the amount...
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