Entries by Michael H. Raichelson

The Rich Dodge Paying Taxes

As the middle and lower class continue to pay their taxes (to the best of their ability) and deal with the IRS on a day to day basis, the upper class continues to duck and dodge the IRS bullet of paying taxes. The wealthiest get away with hiding their fortunes by using offshore accounts to […]

OFFER IN COMPROMISE BASICS

An offer in compromise is an agreement between the taxpayer and the IRS that settles a tax debt for less than what is owed.  Eligible taxpayers will get a fresh start.  Applying for an offer in compromise does not ensure that the taxpayer will be successful.  It is necessary to hire experienced counsel to walk […]