IRS Problems?
I used to owe the IRS about 25,000 dollars, that's with fees and penalties and with no hope of getting the bill down. First we tried monthly payments and that did not work out. Than the IRS levied our pay check from work leaving us with 400 dollars to live on. At that time we had seen an add in the paper for Harrison Grave that will help people get rid of the IRS problems. We went to see them, not knowing that this was not even their official office but a temporary leased office. They told us it would cost total of 2,000 dollars to help us. We were so scared and had no idea what to do, so we accepted and began making payments to them to help us talk to the IRS. We submitted the information they needed to began the process and after nine month and still did not hear anything from the Harrison and Grave people we called them asking for an update on what was going on. Need ess to say they gave us the run around. I even drove to their office in NC to see them and still no results. They took our 2,000 and did nothing for us. When I called them at that time and told them the IRS is Levy our pay check they said " We have a special team working on your case to stop the Levy's." That was all a lie. After The IRS levied our second pay check. I called the IRS myself and guess what it took 2 minutes after I spoke to the IRS agent she said " Oh, we will stop Levy based on hardship." that was it! It didn't take a special team. I knew Harrison Grave was a joke so I began to communicate with the IRS and learned that they have a program called " offer of compromise" the IRS will let you file this form to help you settle pennies on the dollar. I filled out the forms myself and in just few month I was able to settle from 25,000 some dollar bill to 5,000 dollars. The IRS people were great. You don't have to be afraid of them. They are people like you and me and they will help you if you go with the attitude that you need help and you're hurting.
Don't say oh this does not apply to me. You will not know until you ask.
All publications and forms are available at IRS.gov or taxpayers may order copies by calling 1-800-829-3676. All publications and forms are available free. Taxpayers may feel they need the assistance of a qualified tax professional to prepare and submit an OIC. Taxpayers may contact local or state tax professional associations for enrolled agents, CPAs or attorneys to locate someone in their geographic area that has the education and experience to assist them.
Three Types of OICs
The IRS may accept an offer in compromise based on three grounds:
1. Doubt as to Collectibility - Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
Example: A taxpayer owes $20,000 for unpaid tax liabilities and agrees that the tax she owes is correct. The taxpayer’s monthly income does not meet her necessary living expenses. She does not own any real property and does not have the ability to fully pay the liability now or through monthly installment payments.
2. Doubt as to Liability - A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include: (1) the examiner made a mistake interpreting the law, (2) the examiner failed to consider the taxpayer’s evidence or (3) the taxpayer has new evidence.
Don't say oh this does not apply to me. You will not know until you ask.
All publications and forms are available at IRS.gov or taxpayers may order copies by calling 1-800-829-3676. All publications and forms are available free. Taxpayers may feel they need the assistance of a qualified tax professional to prepare and submit an OIC. Taxpayers may contact local or state tax professional associations for enrolled agents, CPAs or attorneys to locate someone in their geographic area that has the education and experience to assist them.
Three Types of OICs
The IRS may accept an offer in compromise based on three grounds:
1. Doubt as to Collectibility - Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
Example: A taxpayer owes $20,000 for unpaid tax liabilities and agrees that the tax she owes is correct. The taxpayer’s monthly income does not meet her necessary living expenses. She does not own any real property and does not have the ability to fully pay the liability now or through monthly installment payments.
2. Doubt as to Liability - A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include: (1) the examiner made a mistake interpreting the law, (2) the examiner failed to consider the taxpayer’s evidence or (3) the taxpayer has new evidence.