Question

Realize Your Potential: H&R Block 1081/2019 Question 10 of 15 Hcdoes the IRS passively collect taxes? By refund offsets. By sending notices. By issuing levies. By setting up a payment plan. Mark for follow up Question 11 of 15 Which of the following is a way the IRS handles expenses differently for an offer in compromise (OIC) than with other collection alternatives? Conditional expenses are not allowed for an OIC. OIC allows for additional necessary expenses for car operating and ownership costs for older vehicles. Both 1 and 2. Neither 1 nor 2 Mark for follow up Question 12 of 15. Monthly disposable income is calculated by: Adding net assets to income.

Answer 1

10) How does IRS passively collect taxes Ans: If a tax payer is not able to pay full balance of tax reported in this tar return, then IRS may ofbeen him an "installment agreementino user fee is charged for getting up installment agreement TRS passively collect taxes by getting up a payment plan. 1 The allowable expenses are seperated into several categories ci) allowable Living expenses which are based on national & local standards (in other necessary expenses that meet couteria regarding their necessity (in other conditional expenses that may be allowable under particulars circumstances to particular I tax payer

allowable conditional expenses depends on Length of time, the tax payer will talse take to p Repay the debt. If the time taken is shorter , there is a great chance that the expenses will be allowed. conditional allowed for expenses are OIC » not FALSE Additional necessary → professional fees, - education etc. expenses includes child care, operating & ownership costs for oldes vehicles falls under, "allowable Living expenses". in Botha Question statements are false. given in