Extension of Time to File Form 1040 U.S. Individual Tax Return
A common misconception of requesting an extension of time to file a tax return is that the extension provides additional time to file and pay your taxes. An extension only extends the time in which to file the tax return…
Selling Your Real Property with an Attaching Federal Tax Lien
Many people, including experienced real estate agents, escrow officers and other tax professionals do not understand that real property with a Federal Tax Lien balance that exceeds the equity in the property can be sold without paying the Federal Tax…
Offer in Compromise
Offer-in-Compromise (OIC) An offer in compromise (OIC) allows you to settle your tax debt for less than the full amount you owe. Not all taxpayers qualify for an OIC. If you qualify, it is usually the best option as…