Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing their taxes. Unfortunately, the longer you procrastinate doing your taxes, the greater the chances that something will go wrong.  And if you owe money to the IRS, the more penalties and interest you will have to pay. Often, it is a better idea to file your taxes sooner rather than later.

Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous, or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy.

The offer in compromise is a widely known, yet little understood, part of the tax code, and it can be extremely complicated to navigate. Not all taxpayers will qualify for the offer in compromise program, and even those who qualify may have trouble navigating the ins and outs of the IRS.

Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020! 

If you need any assistance from me during this time, feel free to get in touch with me by clicking here. 

Tax filing season is here again, and millions of hardworking Americans are already dreaming of those fat refund checks. Unfortunately, many of them may be disappointed this year.   The combination of recent changes to the tax law and updates to employer withholding tables have shrunk the size of tax refunds - and left some unlucky taxpayers with a bill instead of a check. Instead of making plans to spend their windfall, these taxpayers are struggling to pay the unexpected tax bill.   So, what can you do if you find yourself in this uncomfortable situation? How can you avoid ending up with a…