This Week
Offering compromise in taxes is a way to resolve disputes between taxpayers and tax authorities. This can involve negotiating a settlement that is less than the full amount owed, in exchange for prompt payment or a payment plan. A compromise may be offered in cases where a taxpayer is unable to pay the full amount owed, or where there is a disagreement about the amount owed. Compromise can be a cost-effective solution for both the taxpayer and the tax authority, as it helps to resolve disputes and bring in revenue for the government. It is important to note that tax authorities have specific guidelines and requirements for offering compromises, and taxpayers should work with a qualified tax professional to ensure they are in compliance with all rules and regulations. This week, our guest speaker, tax expert Suzanne Werden, will provide us with valuable insights on how to go about this process.
The format of this course will consist of an approximately 20 minute lecture followed by a Q&A session lasting approximately 5 minutes. Although we model the new EFC format after collegiate courses, we respectfully ask all in attendance to refrain from asking questions during the lecture portion so as to give the speaker(s) ample time to get through the material.
Refreshments are generously provided each week by Arlene Arreola. Donations to help cover the costs are accepted. Additional refreshments will be available for purchase downstairs at the Skyline Café after class. We ask that you exercise good stewardship and help us keep the facility in good order by cleaning up after yourself.
Once the class is officially dismissed, we encourage ongoing information exchange and networking. If you have any questions that did not get answered in class, please email them to us and we’ll either incorporate the responses into a future session or email you back directly.
