Form 656: Offers of Compromise

Preparing Form 656 and Supporting Documentation in Attempting an Offer of Compromise of IRS Back Tax Debt An Offer for Compromise (OIC) is a tax settlement offer provided by the IRS to taxpayers, both individuals and businesses, who are unable to manage their tax debt. There are certain strict...
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Accounting How-To for Startups

Also, you might want to visit our Tax Library: Self Employed Guide at: Seattle CPA Shoreline, CPA Olympia Accountants and Tax Preparers Establish the bookkeeping procedures and practices that you will use at the very start. Establish an accounting plan that is forward thinking, so that you’re business growth...
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Form 433b of Booklet 656: Offer of Compromise

Check out our OIC Guide at: Tax Preparers and Accountants in Federal Way Accountants & Tax Preparers in Fremont Renton Accountants and Tax Preparers Form 433-B from booklet 656 is necessary for those business owners that have businesses that are any other entity than sole proprietorships. This form is...
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Tax Deductible Business Travel Expenses

(a part of our Self Employed Tax Guide) It is imperative that you plan your trips so that you can gain the maximum deduction. The same as other costs of doing business, you’ll be able to receive income tax deductions for travel expenditures which you incur in providing services...
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Tax Deductible Charity Contributions

(Part of our Self-Employed Tax Guide) As a Self-Employed Small Business owner, this is one of the better self promotion tools out there as well as a fantastic scheduled tax write off if prepared and implemented properly. What greater way to get your small business’s services and products noticed...
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Tax Debt Relief and Form 433a

Preparing Form 433-A Form 433-A is a financial statement that must be submitted alongside your OIC application. This is the form the Irs employs to look at your personal earnings, expenses and additionally assets. Also, the Internal Revenue Service makes use of the details to ascertain whether you actually...
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Offer in Compromise Guide

We’re glad to announce that we’ve started composing an offer in compromise (or OIC) tutorial. And while we’ve only just started, we’re working at adding to it with serious intent. So please have a look at the Huddleston Tax Library and revisit regularly, as we intend to update the...
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Tax Write-offs : A Guide for the Animal Lover

In the month and year of July of 2009, Representative Thaddeus McCotter introduced the Humanity and Pets Partnered Through the Years (or HAPPY Act) bill. The HAPPY Act bill was designed for allowing for a tax write off up to three-thousand five hundred dollars for each year for pet-related...
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