Did you know that you can
settle your debt with the IRS for just pennies on the
dollar with their Offer in Compromise program? The program allows
taxpayers to settle with the IRS on tax debt that
has been incorrectly assessed or for liabilities they cannot afford to
pay.
The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the
full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code
section 7122).
Often it is possible to fully and completely eliminate the taxes you owe - including all penalties and
interest - at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt
especially if your offer is done "right."
If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine
the least amount that the IRS will accept from you before you make the offer.
Dear Mr.
McConnaughy,
I received a letter from the IRS
yesterday accepting my offer in compromise.
I can't thank you and your staff enough!
I will be mailing you a letter of recommendation that you may use as
you see fit. It has been a real
pleasure and I can't have asked for a better outcome.
Best Regards,
Sean W
|
ACTUAL AGREEMENTS |
Department of Treasure Internal Revenue Service |
Release of Levy |
(David & Nancy)
|
<-----I can do this for you too! |
Under
the provisions of Internal Revenue Code section 6343, all wages, salary
and other income now owed to or becoming payable to the taxpayer(s)
names above are released from the levy.
| |
Installment Agreement |
(Ian)
|
<----------------Well within his budget! |
We've
accepted your offer for an Installment Agreement. The agreement covers
the tax period(s) shown above. Please make your first payment of $50.00.
| |
Offer in Compromise |
(James)
|
<---------Put your name right here! |
We have accepted your offer in compromise signed and dated by you on (DATE). The date of acceptance is the date of this letter.
| |
Decreased Lien |
(Robert)
|
<--------Saved him over $200,000! |
...updated the amount of the Notice of Federal Tax Lien, from $215,881.92 to the decreased amount...of $11,491.93.
| |
Pay When Able |
(Martin)
|
<------------If you're retired on SS,
you probably won't ever pay! |
We
have noted your account that you're currently unable to pay your total
balance or to make installment payments. You may make payments as you
are able.
| |
Innocent Spouse |
(Martin)
|
<---------------Innocent spouse, over
$25,000 taxes forgiven! |
You
are also entitled to equitable relief of liability under Section
6015(f) of the Internal Revenue Code of the tax that was not paid with
the filed tax return(s).
| |
Reach out for your help with IRS problem here.
