Remove tax offer-in-compromise
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SBA Loans: Offers in Compromise

Jimerson Firm

If the borrower is unable to pay the full amount owed on an SBA loan after all of the collateral has been liquidated, the borrower may submit an “offer in compromise.” An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. What is an Offer in Compromise?

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IRS Offer in Compromise: Basics and Who Qualifies

Nerd Wallet

Advertisements about “settling your tax debt for pennies on the dollar” typically refer to the process of applying for an IRS offer in compromise, which is an IRS program designed to help people pay at least some of their tax debt. But statistically, the odds of getting an IRS offer in compromise are pretty low.

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A Strategic Approach to Debt Settlement Campaigns for Tax Season

PDC Flow

Debt settlement campaigns are initiatives where debt collection agencies offer a discount to consumers to boost collection on old or unresponsive accounts. Tax season is the best time to consider a debt settlement campaign within your debt collection agency. Be sure the accounts you include are not too young. How old are the accounts?

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What Small Businesses Should Know About the IRS Debt Forgiveness Program

Debt RR

The IRS can be daunting for businesses and sole proprietors that owe tax debt – federal tax liens can seriously impact a company’s ability to operate if taxes remain unpaid. However, the IRS offers options for taxpayers that need help with their obligations. Unpaid tax debt can cause significant damage to a business.

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October 15 Tax Filing Deadline

Credit Corp

Most years, the deadline to file your federal income tax is on or around April 15. If you miss this deadline, you can request to file on the October 15 tax filing deadline instead. There can be consequences for filing late, but the type of penalty depends on several circumstances: Did you request a tax extension?

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Claims Recovery Tools: What is a Calerbank Offer?

Debt Recoveries

Every week, we send out a large number of Calderbank offers. So I decided to talk about Calderbank offers this week. WHAT EXACTLY IS A CALDERBANK OFFER? A “Calderbank offer” is named after the decision in the important case of Calderbank v Calderbank from the English Court of Appeal.

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6 Best Tax Relief Companies of 2021

Better Credit Blog

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