News & Analysis as of

Offers in Compromise

Is IRS really knocking at your door?

by Foodman CPAs & Advisors on

Generally, IRS sends a letter or a notice via regular mail notifying a Taxpayer of a potential visit. Nonetheless, IRS may also show up unannounced at the Taxpayer’s home or place of business....more

How to Eliminate IRS Tax Debt in Arizona

by John Skiba on

When it comes to IRS tax debt none of the typical debt collection rules apply. The IRS has power to take your money and lien your home without even filing a lawsuit. This is much different than the standard unsecured...more

IRS To Begin Private Debt Collection Program in Spring 2017

by McNair Law Firm, P.A. on

On September 26, 2016, the IRS announced its plans for the private collection of certain federal tax debts beginning next spring. The announcement identified the following four (4) contractors that the IRS selected to carry...more

Are You Eligible for an IRS Offer in Compromise?

by Foodman CPAs & Advisors on

IRS has a program called Offer in Compromise (OIC) which allows eligible Taxpayers to settle a tax debt with IRS for less than the full amount owed. Not all Taxpayers are eligible. The OIC is not available to partnerships,...more

Do Not Tinker with The 998 Offer to Compromise!

Woodland Hills personal injury lawyer Barry P. Goldberg is a huge advocate of using the Code of Civil Procedure § 998 Offer to Compromise in every case that is in litigation or going to trial. In addition, it should be used...more

Compromising the Offer in Compromise: IRS Reduces Limits on Allowable Living Expenses

by McNair Law Firm, P.A. on

The Internal Revenue Service (“IRS”) recently published updated figures, reducing allowable expenses used in determining whether they will accept a taxpayer’s offer in compromise (“OIC”)....more

2016 Amendment to C.C.P § 998 Equalizes Costs for Plaintiffs and Defendants

Woodland Hills personal injury lawyer Barry P. Goldberg frequently comments on proper uses and tactics of C.C.P § 998 Offers to Compromise. In fact, it is one of the few very useful tools left for a personal injury attorney...more

The Power of Voluntary Disclosure

Yesterday the Boston Globe reported that PTC, Inc. (“PTC”) voluntarily disclosed that its Chinese subsidiaries allegedly provided about $1.5 million in bribes to foreign officials over a period of five years (from 2006...more

CCP § 998 Fees Rejected As Judgment Was Less Than Offer To Compromise

by Hinshaw & Culbertson LLP on

In Lee v. Silveira, 2015 DJDAR 5287, the California Court of Appeal for the Fifth Appellate District ruled on an interesting tort case involving the interpretation of CCP § 998. In the appeal, a personal injury plaintiff...more

Let's Make a Deal: Michigan Has New Powers to Settle Tax Debts

by Miller Canfield on

Taxpayers with outstanding debts owed to the State of Michigan can settle those debts under an offer-in-compromise program that took effect earlier this year. In order to qualify for the program, a taxpayer must have filed...more

Offers of comp - check the date - new rule reinstates previous practice (Australia)

by DLA Piper on

New South Wales (NSW) litigants and their advisers now know where they stand - if you served an offer of comp before 7 June 2013, you better hope you didn't express it to be plus costs because it will not be valid. However,...more

Weekly Law Resume - June 13, 2013: Expert Witness Fee Recovery Runs From Rejection of First of Plaintiff’s Multiple Statutory...

by Low, Ball & Lynch on

Raymond Martinez, et al. v. Brownco Construction Company, Inc. - California Supreme Court (June 10, 2013)- California’s statutory settlement procedure (Code of Civil Procedure §998) permits a party to make a...more

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