Dear Family,

I spent yesterday morning in a crowded conference room at IRS. The room was packed for IRS's quarterly meeting with the tax professional community leaders. One of the items covered was the new Offer in Compromise application. The new booklet is 64 pages thick.

But it has one very interesting new feature. IRS has finally taken the guesswork out of the big question - "How much should I offer?" IRS has included a worksheet to walk you through the computation IRS uses internally. They are hoping this feature, plus the very detailed explanations included in the workbook, will make it impossible for people to submit incomplete or bad offers.

Reading IRS News today, you'll find good news about mileage and sensible news about car donations. (I will be updating my articles on the site in the next week or so.) And also about missing refunds.

Have a wonderful weekend.

Best wishes,

Eva Rosenberg, EA
Your TaxMama is watching...out for you.