Hello all, I am wondering if the IRS looks at available credit cards as an asset in determining an offer of Compromise. In other words, will they expect me to put balance on a few different credit cards to cover debt or do they just want to know what revolving cards I have?
If you have file bankruptcy
Your total bank balance
The fair market value of your home
Your stocks and bonds
Home loan balance
If you have any vehicle
Your retirement savings accounts
Visit these pages for more information:
https://irs.treasury. gov/oic_pre_qualifier/
https://www.irs. gov/payments/offer-in-compromise
Sub: #1 posted on Mon, 05/06/2019 - 21:41
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Sub: #2 posted on Fri, 05/10/2019 - 06:40
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