Here is my Accounting Today article on the simple IRS payment plans – the 36-month plan (guaranteed installment agreement), 72-month plan (streamlined installment agreement), and the 84-month payment plan (84-month pilot program for those who owe between $50,000-$100,000).

My Accounting Today article on the continuing trials and tribulations of Wesley Snipes and the IRS.    Wesley Snipes and his counsel missed a very important element of the offer in compromise program:  the dissipated asset rule.    The moral of the story:  you can shed your assets and then try to not put them in the offer amount as part of an OIC.    OIC offer amounts is your “reasonable collection potential” – the formula is your net equity in assets (including any assets dissipated three years prior to the OIC application) plus amount that would be paid if you were to have an installment agreement with the IRS.  As you can expect, the OIC went south after the IRS asked about the dissipated assets.

If you are considering an IRS offer in compromise, here are 14 basic principles you need to know.  My Accounting Today article highlights many of the details and answers the important question:  do you qualify for an OIC?

If you owe taxes and cannot pay, here are the four alternatives with the IRS and how they work.  My AICPA CPA Insider article is a overview of the options and what is often utilized by taxpayers and their tax pros.

If you are not in a collection agreement with the IRS on an unpaid balance, you can face a federal tax lien or a levy/garnishment.  Here is my AICPA CPA Insider article on the rules of when the IRS issues a lien or levy and how to avoid tax liens and levies.

The IRS Offer in compromise program is one of the most publicized IRS tax relief programs.  However, this settlement option is rarely used.  I explain why and some changes to the OIC program in my AICPA CPA Insider article.

Just need some more time to pay the IRS? You can get 120 days- here is how and what it means in my AICPA CPA Insider article on extension to pay agreements with the IRS on outstanding tax debt.

My AICPA CPA Insider article on 15 important things to know when you owe taxes to the IRS.  The most important is that a taxpayer needs to be in an agreement with the IRS to avoid enforcement- that is, liens and levies.

Congress passed the ability for the IRS and the State Department to coordinate passport restrictions on tax debtors who are not in good standing with the IRS and owe more than $50,000 (indexed each year for inflation).  Here was the first article in Accounting Today that provides 10 things tax debtors need to know about passport restrictions – the moral of the story- get in good standing with the IRS.

The IRS has tried private debt collection on its oldest accounts twice before.  Congress mandated they try it a third time.  My Accounting Today article telling tax professionals what they need to know about the IRS private debt collection initiatives.