by Matthew | Dec 19, 2019 | Tax Blog
Year-end planning: Get ready for the upcoming tax filing season by doing these things. As tax filing season approaches, there are several things that you should do before the end of 2019. This article outlines several year end tax planning items that all taxpayers...
by Matthew | Dec 17, 2019 | Tax Blog
If your ITIN will be expiring at the end of 2019, renew it now to avoid refund delays next year. The Certifying Acceptance Agent (“CAA”) at Columbus, Ohio-based Porter Law Office, LLC assists individuals with obtaining ITINs from the Internal Revenue Service (“IRS”)....
by Matthew | Oct 1, 2019 | Tax Blog
Porter Law Office LLC recently helped secure an approved IRS offer in compromise for two clients. Both offers required proper understanding of the IRS’s reasonable collection potential (RCP) as the means to settle a tax liability. An offer in compromise, or OIC,...
by Matthew | Jun 13, 2019 | Tax Blog
The IRS is sending CP2000 notices to taxpayers because items from their tax return do not match information from employers, banks, or other third parties. If you have received a CP2000 from the IRS, then you should know that the IRS has conflicting information from...
by Matthew | May 30, 2019 | Tax Blog
A common misconception about the IRS’s offer in compromise program is that you can offer any amount of money to the IRS and then just negotiate a settlement. In most cases, the IRS will not accept an OIC unless the amount offered is equal to, or greater than,...
by Matthew | Feb 6, 2019 | Tax Blog
Porter Law Office LLC recently helped a client secure an approved IRS offer in compromise. The IRS accepted $500 to settle a tax debt of more than $40,000. The approved offer was a lump sum cash offer based on doubt as to collectibility (see IRM 5.8.4.3). The taxpayer...
