Month: September 2021

Compromise deals with the IRS

On Behalf of Gagen, McCoy, McMahon, Koss, Markowitz & Fanucci | Sep 22, 2021 | Tax Law

Making a deal with the IRS is possible, but without an offer in compromise, or OIC, you must pay your full tax liability. Though the Internal Revenue Service does accept smaller payments, the agency won't contest the amount for you. Tax law in California requires you...

Wills or family trusts?

On Behalf of Gagen, McCoy, McMahon, Koss, Markowitz & Fanucci | Sep 13, 2021 | Estate Planning

Many California residents think that establishing a valid will can eliminate their concerns regarding protecting family assets in the event of their untimely death. However, this is not always the case. Even a seemingly valid will can be contested by a potential...