Charlie Corsello, EA

About the Author Charlie Corsello, EA

Charlie Corsello is a licensed tax professional with a mission to provide more transparency within the tax resolution industry. He is an Enrolled Agent, licensed by the IRS, a credential that allows him to represent taxpayers before the IRS in all fifty states. He has worked in the tax resolution industry for over 15 years and is the previous owner of a successful tax resolution firm. Although Charlie doesn't practice anymore, he enjoys contributing content when he can.
May 27, 2022
offer in compromise acceptance rate

Although the number of Internal Revenue Service (IRS) offers in compromise (OIC) received increased by 9.98% in 2021, the number of offers approved only increased by 6.06%. Therefore, the IRS OIC acceptance rate for 2021 fell by 1.1% to 30.7% in comparison to 2020. 30.7% represents a differential of 12.1% from the OIC all-time acceptance rate high of 42.8% back in 2016. Moreover, the average amount per offer in compromise accepted increased by 3,520.24 or 31.83%.

The IRS released data for 2019 with a few interesting numbers related to enforcement actions and audits. We will review and compare the number of tax liens, tax levies, and audits in 2019 as compared to previous years.

October 3, 2019By: Charlie Corsello, EA

In September 2019, the Internal Revenue Service (IRS) released tax gap estimates for tax years 2011 through 2013. The numbers indicate that the gap has stayed the same as the previous tax years. However, the IRS will continue to pursue taxpayers who are not compliant. Here’s what you need to know.

September 18, 2019By: Charlie Corsello, EAKari Brummond

Established in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.

February 28, 2012By: Charlie Corsello, EA

As you prepare your taxes, it becomes fairly evident that there are many different forms and schedules to fill out. Which forms you fill out depends on your financial situation, especially where you are getting your money.

February 13, 2012By: Charlie Corsello, EA

The current economy is changing the makeup of our households. With unemployment high, many are finding that they are supporting relatives and non-relatives alike by allowing them houseroom.

December 4, 2011By: Charlie Corsello, EA

Christie Brinkley reportedly owes $531,720 in back taxes on her $30 million Bridgehampton, NY mansion. The IRS filed a tax lien against the 57-year-old former supermodel on November 21st.

November 22, 2011By: Charlie Corsello, EA

It’s become almost a matter of course: If you are running for public office, you are expected to release your tax return each year. This is especially true if you are running for “higher” offices. Most mayoral candidates aren’t expected to release their tax returns, but if the candidate is running for a federal position (Congress, President), many citizens want to see what their finances look like.

October 18, 2011By: Charlie Corsello, EA

Sometimes, travel is necessary in order to improve your business. The good news is that the IRS allows you to deduct many of the expenses that come with your business-related travel.