RECENT BLOG POSTS
INNOCENT SPOUSE RELIEF – EQUITABLE RELIEF  Last week I gave an overview of the “Separation of Liability” option of an Innocent Spouse. filing. That article is linked here. This week I will go into more detail on the third of the three types of Innocent Spouse. filings, known as “Equitable Relief”...
08/15/2019
INNOCENT SPOUSE RELIEF – SEPARATION OF LIABILITY  Last week I gave an overview of the “traditional” version of the tax resolution option called Innocent Spouse. That article is linked here. This week I will go into more detail on the second of the three types of Innocent Spouse filings, known as ...
08/07/2019
INNOCENT SPOUSE RELIEF - TRADITIONAL  Last week I gave an overview of the tax resolution option called Innocent Spouse. That article is linked here. This week I will go into more detail on the first of the three types of Innocent Spouse filings, known as “traditional” Innocent Spouse or the filin...
07/24/2019
INNOCENT SPOUSE RELIEF  Many people have heard the term, Innocent Spouse, but they don’t really know what it means or how it works. Over the next several weeks I will explain. My firm, By The Book Taxes, located in Norwalk, CT specializes in income tax preparation for individuals, families and se...
07/22/2019
The FAST Act (Fixing America’s Surface Transportation) and TAXES  In December 2015, President Obama signed a transportation bill that authorized funds to invest in America’s infrastructure for highways, public transportation and rail called the FAST Act. Tucked into this bill was a provision rega...
07/15/2019
Below is a link to a FaceBook live interview I did with Fiona Eckersley, author of "Fearful to Fabulous". Fiona is a confidence coach and divorce recovery expert.If you are recently divorced, considering divorce or legally separated, watch this video and give me a call at 203-434-5626 or email me...
07/13/2019
OFFER-IN-COMPROMISE – POST ACCEPTANCE COMPLIANCE Congratulations, you just got the letter from the IRS (Letter 5490) accepting your Offer-in-Compromise settling your tax debt for pennies on the dollar. But guess what? It’s not over yet. My firm, By The Book Taxes, located in Norwalk, CT specializ...
07/10/2019
There are two types of Offers in Compromise (Doubt as to Collectability) that a taxpayer may make:1. Lump Sum Offer – Based upon Reasonable Collection Potential (RCP) variables of:a) Net Equity in Assetsb) 12 months of Future Income 2. Short-Term Deferred Offer – Also based upon RCP but this time...
07/01/2019
OFFER-IN-COMPROMISE – DOUBT AS TO LIABILITY (DATL)  There are three types of Offers in Compromise:           Doubt as to Collectability – Does the taxpayer actually have the income and assets to pay back all the taxes owed?          Doubt as to Liability – Does the taxpayer really owe all that th...
06/23/2019
OFFER-IN-COMPROMISE – DOUBT AS TO COLLECTIBILITY (DATC)  There are three types of Offers in Compromise:           Doubt as to Collectability – Does the taxpayer actually have the income and assets to pay back all the taxes owed?          Doubt as to Liability – Does the taxpayer really owe all th...
06/17/2019
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Michael O'LearyEA, NTPI Fellow

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