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Your small business resource for accounting, bookkeeping, and taxes from our experts.

IRS Offer in Compromise: Settle Your Tax Debt for LessTax Preparation Services

IRS Offer in Compromise: Settle Your Tax Debt for Less

Facing a tax debt that feels overwhelming can be incredibly stressful. The thought of owing thousands—or even tens of thousands—to the IRS can keep you awake at night. But here’s something many don’t realize: the IRS offers a way to settle your tax debt for less than what you owe. This solution is called an Offer in Compromise (OIC), and it could be the fresh start you need to regain control of your finances. See our post on Offer in Compromise approval.…

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IRS Offer in Compromise Success RateTax Preparation Services

IRS Offer in Compromise Success Rate

Facing a hefty tax bill from the IRS can be one of life’s most stressful financial challenges. Fortunately, the IRS Offer in Compromise (OIC) program exists to give taxpayers a real chance at settling tax debt for less than what’s owed. But before you jump in, it’s important to understand the success rate of OIC applications—and what impacts your chances. At QMK Consulting, we’ve helped numerous franchise and restaurant owners in New York City navigate…

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IRS Offer in Compromise Payment Options ExplainedTax Preparation Services

IRS Offer in Compromise Payment Options Explained

Facing tax debt can be stressful, and navigating IRS payment programs can feel overwhelming. The IRS Offer in Compromise (OIC) program offers a way to settle your tax debt for less than what you owe—but understanding the payment options is crucial to making it work for your situation. Here’s a detailed guide that breaks down the IRS Offer in Compromise payment options, helping you decide which path fits your finances best. If you want the wider view, our…

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IRS Offer in Compromise & Tax Refunds Explained ClearlyTax Preparation Services

IRS Offer in Compromise & Tax Refunds Explained Clearly

If you’re struggling with tax debt, an IRS Offer in Compromise (OIC) can be a valuable tool to settle your tax liability for less than what you owe. But many taxpayers wonder what happens to their tax refunds when pursuing an OIC. Everything here sits inside our broader guide on the IRS Offer in Compromise. Understanding how the IRS handles refunds during and after an OIC is crucial to managing expectations and planning your finances wisely. This…

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How to Get IRS to Accept Your Offer in CompromiseTax Preparation Services

How to Get IRS to Accept Your Offer in Compromise

Dealing with the IRS for unpaid taxes can be overwhelming, but an Offer in Compromise (OIC) can be a viable solution for taxpayers who cannot pay their tax debt in full. At QMK Consulting, we specialize in franchise and restaurant accounting and help business owners navigate complex tax matters like the OIC process. This blog post will walk you through how to increase your chances of getting the IRS to accept your Offer in Compromise by understanding what…

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IRS Offer in Compromise for Self-Employed Taxpayers in 2025Tax Preparation Services

IRS Offer in Compromise for Self-Employed Taxpayers in 2025

If you’re self-employed, dealing with taxes can feel like a constant uphill battle—especially when it comes to owing money to the IRS. The IRS Offer in Compromise (OIC) might be your way out. It’s a program that lets you settle your tax debt for less than what you owe, but it isn’t as simple as it sounds. For many self-employed folks, who often miss estimated tax payments or have uneven income, the OIC can be a lifeline. But qualifying takes careful…

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Franchise Tax Planning Across States in 2025Franchise Solutions

Franchise Tax Planning Across States in 2025

Running a franchise in multiple states or countries isn’t for the faint of heart—especially when it comes to taxes. The rules vary widely depending on where you do business. Every jurisdiction has a unique set of requirements to meet, ranging from payroll laws to franchise taxes, sales taxes, and state income taxes. Managing all this without expert guidance can quickly turn into a costly headache. That's why having a solid multi-jurisdiction tax plan isn’t…

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ESG Reporting for Franchises: Why It Matters in 2025Franchise Solutions

ESG Reporting for Franchises: Why It Matters in 2025

If you've heard a lot about ESG recently but aren't sure how it applies to your franchise, you're not alone. ESG (Environmental, Social, and Governance) is becoming more than just a business concept. In 2025, it’s shaping how businesses operate, attract investors, and connect with customers. And yes, even franchises like yours need to pay attention. Think of ESG as a set of non-financial measures that tell the story of how your business impacts the world…

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