Filing Multiple Offers in Compromise, Penalties for Missing Payroll Tax Payments, and More!

In this episode of Your IRS Weapon, Travis Watkins explores a variety of issues relating to federal income taxes for both individuals and business alike. Originally airing on May 10, 2015, this episde is now available to download for free!

Is There a Limit to How Many Offers In Compromise You Can File?

If you owe the IRS more money than they could reasonably collect from you, you may be qualified for an Offer in Compromise (OIC). But what can you do if you’ve applied for an OIC before and were denied? Can you appeal the denial? Are you able to file a new offer? We answer this question, and explore the unique situation of applying for an Offer in Compromise multiple times.

What Does it Mean If You Miss a Payroll Tax Payment?

Of course you didn't intend to miss your payroll tax payment, but sometimes accidents happen. What now? Just how high are the stakes? Will penalties or additional taxes be assessed? Learn the answer here!

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