Looking for advice on this situation. IRS Says My Side Business Is a Hobby - Denying $30K in Deductions
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
Update: Thanks everyone for teh guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
For anyone considering an Offer in Compromise: the IRS acceptance rate is about 33%. They use a formula based on your assets and income. If you can't pay the full amount, an installment agreement might be more realistic.