IRS Debt
Hi db. Have you spoken to an atty about all of this. From what I
Hi db. Have you spoken to an atty about all of this. From what I understand you might be able to get your amount owed decreased with some legal assistance. Also, are they willing to set you up on another installment plan?
IRS Debt
Hi DB,
The first thing that needs to be addressed is to get those 2 years worth of tax returns filed asap. If you're going to owe, which it sounds like you will, it will default your current Installment Agreemnent with the IRS. Depending on your financial situation, you could POSSIBLY be able to get a settlement out of the IRS BUT more likely than not, another Installment Agreement will need to be made. There are companies that can help with this. If you would like to know of one, please contact me.
Through personal experience I can tell you that it is very very
Through personal experience I can tell you that it is very very difficult to get the IRS to agree to/accept an offer in compromise. I had liens and garnishments and after working with one of those companies finally got a formal payment plan in place. The company told me that they thought I had a good shot at it or possible penalty abatement, etc, however they wanted an additional $5000 on top of the $5000 I gave them initially to go ahead with the paperwork. Needless to say I cut my losses right there and will be paying $1000 a month for the next 5 years to settle my debt.
If you owe back taxes...a friend of mine hooked me up with Phoen
If you owe back taxes...a friend of mine hooked me up with Phoenix Tax Solutions. They were able to settle my debt at a low cost. Check out the website. The staff was friendly and the process was a piece of cake.