IRS Offer in Compromise

An Offer in Compromise is how you legally settle your IRS tax debt for less than the full amount owed. It is real. It works. But it’s not easy, and most people who apply on their own get denied.

The IRS approves an Offer in Compromise only when the numbers show they are unlikely to collect the full balance within the legal collection period. This comes down to one thing: your reasonable collection potential. In plain English, what the IRS believes it can realistically get from you through income and assets.

If the math supports it, we pursue it aggressively.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

An IRS Installment Agreement is a structured payment plan that allows you to pay your tax debt over time. For many people, it’s the most practical way to resolve IRS tax debt without triggering levies or wage garnishment.

It’s not complicated in theory. You owe money. The IRS wants it. If you cannot pay in full, you negotiate terms.

Where people go wrong is assuming all payment plans are the same. They are not. The type of installment agreement you enter affects how much you pay each month, how long you pay, and whether the IRS will continue reviewing your finances.

At Keeton Tax Law PLLC, we represent Nevada individuals and business owners in negotiating IRS installment agreements that are structured correctly from the beginning.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

Currently Not Collectible status means the IRS agrees you cannot afford to pay your tax debt right now. When approved, the IRS stops active collection. That means no levies, no garnishments, and no aggressive collection pressure while your financial situation qualifies.

This is not forgiveness. The debt does not disappear. Interest continues to accrue, and the IRS will review your financial condition periodically. But if you genuinely cannot pay without sacrificing basic living expenses, Currently Not Collectible status can provide real relief and breathing room.

At Keeton Tax Law PLLC, we represent Nevada individuals and business owners seeking protection from IRS collection action.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

An IRS bank levy or wage garnishment means the IRS is actively taking your money. Bank accounts can be frozen. Paychecks can be reduced. This is serious, but it can be stopped.

At Keeton Tax Law PLLC, we represent Nevada individuals and business owners in securing fast relief from IRS levies and wage garnishments. The first priority is stopping the enforcement. The second is putting a permanent resolution in place.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

Filing my tax returns? Didn’t I just tell you I have a major tax problem? Can we address that first?

We are addressing it.

If you have unfiled tax returns, the IRS will not negotiate. No installment agreement. No Offer in Compromise. No hardship status. Filing compliance comes first.

In many cases, the IRS has already filed a Substitute for Return that overstates what you owe because it gives you no deductions or credits. Filing accurate back tax returns can reduce the balance and change the entire resolution strategy.

At Keeton Tax Law PLLC, we help Nevada individuals and business owners get current, correct inflated assessments, and position the case for a successful IRS tax resolution.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

When the IRS moves into collection after sending IRS Notices such as CP90/LT11/Letter 1058, it can involve a Revenue Officer, levies, liens, and escalating enforcement. At that stage, you need strategy - and fast.

Keeton Tax Law PLLC represents Nevada individuals and business owners in IRS collection defense, protecting against aggressive enforcement and preserving your appeal rights.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

A federal tax lien is the government’s legal claim against your property. It can affect your credit, block refinancing, and complicate the sale of real estate or business assets. Ignoring it does not make it go away.

At Keeton Tax Law PLLC, we represent Nevada individuals and business owners in resolving IRS tax liens strategically, depending on the goal.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

If you received a Notice of Deficiency, the clock is running. You generally have 90 days to file a petition with the United States Tax Court. Miss that deadline, and the IRS can assess the tax and begin collection.

A Notice of Deficiency is not a bill; it’s your opportunity to challenge the IRS before you are required to pay.

At Keeton Tax Law PLLC, we represent Nevada individuals and business owners in filing timely Tax Court petitions and litigating federal tax disputes.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

Penalty Abatement involves formally asking the IRS to remove certain penalties that have caused your IRS tax debt to balloon into a higher amount. It feels like the IRS assesses penalties for everything: not filing on time, not paying enough, breathing too much air. The last part isn’t true, but you get the point.

The major penalties the IRS assesses every day include:

1. Failure to File Penalty. This penalty is the biggest and most common penalty for failing to timely file your tax return.

2. Failure to Pay Penalty. This penalty applies when you file your return but do not pay the balance owed.

3. Accuracy-Related Penalty. This penalty is usually a 20% penalty on the portion of tax that was understated. It applies when the IRS determines that the tax was incorrect due to things like negligence or disregard of rules, substantial understatement of income tax, overstated deductions or credits, and substantial valuation misstatements.

4. Estimated Tax Penalty. If you do not pay enough tax throughout the year through withholding or quarterly estimated payments, the IRS can charge an underpayment penalty. This penalty commonly hits self-employed individuals, investors, people with large capital gains, and people who reduce withholding too much.

What makes the penalty abatement process difficult for non-IRS experts is that the IRS treats certain penalties differently. For example, a savvy tax attorney can resolve failure to file and failure to pay penalties with First Time Penalty Abatement.

But, the same can’t be said for abating estimated tax or accuracy-related penalties. Those penalties require reasonable cause in order to be abated.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

Bankruptcy does not automatically wipe out tax debt. Some taxes can be discharged. Others survive. The difference depends on timing, filing history, and the type of tax involved.

Many people assume their IRS balance is gone after bankruptcy, only to find out later that penalties, trust fund taxes, or more recent income taxes are still collectible.

At Keeton Tax Law PLLC, we help Nevada individuals and business owners determine exactly what remains after bankruptcy and what can be done about it.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.

If you’ve ever received an unexpected bill from the IRS and thought, “that can’t be right,” you’re not alone. It actually comes up a lot. Why? People make honest mistakes on their tax returns. The IRS automated system flagged a mathematical error. A payment may have been misapplied. Even tax return preparers make mistakes sometimes (not ours, though).

These issues often affect self-employed individuals, small business owners, freelancers, investors, and taxpayers with multiple income sources. When the IRS systems detect what appears to be a discrepancy, the agency may automatically issue a notice assessing additional tax, penalties, and interest.

But here’s the thing: the IRS may not even be correct.

One of the most common notices is a CP2000 notice. This notice claims the taxpayer underreported income based on third-party reporting forms such as W-2s or 1099s.

Resolving these cases properly usually requires reviewing IRS transcripts, identifying the source of the discrepancy, and submitting a structured response with supporting documentation. If the IRS has already assessed the tax, additional procedures may be required to correct the account and stop collections.

If you’re dealing with the IRS or have questions about your options, Keeton Tax Law PLLC can help. Call 702-530-9709 or contact us online to speak with Las Vegas tax attorney Chandler R. Keeton.