Seven month after she passed away while incarcerated at the Charleston County Detention Center, Joyce Curnell’s family has announced their intention to file a medical malpractice case against the medical staff who was responsible for her health at the time. … Continue reading
Laura Sanchez
In 2005, South Carolina lawmakers signed what would become known throughout the state as the “Stand your Ground” law. The law was designed someone is allowed to use deadly force if threatened and doesn’t have to retreat if they believe … Continue reading
Three people were rescued after they became trapped by a floor collapse inside a house in West California on Tuesday. When a floor collapsed inside a West California home, the story could have ended in tragedy. The owner of the … Continue reading
Sinkholes in Florida are a fact of life. Due to the unique combination of bedrock, limestone, and sandstone ground structure, it is a recipe for disaster. As water erodes against the ground, the acid dissolves the limestone. Since the limestone … Continue reading
It’s impossible to enjoy a high quality of life when you know you owe the IRS back taxes, especially when the number of fees and the interest attached to the bill keep increasing, making the amount you owe something you’ll never be able to manage. If this is a situation you’re currently in, something you make want to think about is applying for an IRS Offer in Compromise. What is an IRS Offer in Compromise For many of the millions of Americans who owe back taxes, the IRS Offer in Compromise is a financial life saver. The Congress approved programs is designed to help people who lack the financial resources to pay their back taxes. If approved, the applicant will often pay less than 20% of what the IRS claims they owe. Applying for an IRS Offer in Compromise When you file for an Offer in Compromise, you shouldn’t expect a fast resolution to your back tax woes. According to the IRS, it can take up to two years for a decision to be made. When you apply for an Offer in Compromise you’ll need: A $186 application fee which must be paid whether you’re application is approved or rejected. The only exception is if you’re living below the poverty line, in which case the fee will be waived. Extensive financial documentation Form 656-A Income Certification Once the application has been submitted, the IRS will launch an extensive investigation into your current and past financial history. Based on their findings, they’ll determine whether or not you have the financial where with all to pay your back taxes in full, or if your lack the financial resources needed to even work with an installment agreement. The Terms of the IRS Offer in Compromise Just because you’ve been approved, it doesn’t mean you have nothing to worry about. If you don’t honor every single aspect of plan, the IRS could still come after you for the original balance of your tax bill. In order to make sure this doesn’t happen you must take several steps. First, be diligent about not only filing all of your tax returns on time for the next five years, but also making sure you’ve paid any taxes you owe during those five years on time. Pay the amount of back taxes you and the IRS agreed upon when they accepted your Offer in Compromise applications. If you qualify for a tax refund/credit during the five years following the Offer in Compromise agreement, this money will go directly to the IRS rather than to you. When you decide to apply for an IRS Offer in Compromise, you really need to seek the assistance of a tax lawyer who has handled applications for other clients and has a reputation for working well with the IRS. The reason you need a tax attorney at your side stems from the fact that the IRS is reluctant to approve Offer in Compromise applications. In 2013 the IRS only approved approximately 31,000 of the Offer in Compromise applications it received. … Continue reading
Recently, the New York Times published an article about a cardiologist in Indiana who allegedly performed unnecessary surgeries. According to the piece, 293 patients filed personal injury lawsuits against Dr. Arvind Gandhi and two of his associates. Many patients were … Continue reading