The Taxpayer’s Future Income: One of the Twin Financial Pillars of an Offer in Compromise
An offer in compromise to the IRS is founded on two financial pillars: (a) net realizable equity in the taxpayer’s assets and (b) the taxpayer’s future income that may be available to pay tax liability. “Future income is defined as an estimate of the taxpayer's ability to pay based on an analysis of gross income,…
Read More