Don’t Pay The IRS…Cut A Deal!
The IRS does deal on taxes owed, including all penalties and interest. The requirements are rigid, but if you qualify, the results are FANTASTIC.
To qualify for a deal with the IRS, I would generally suggest that you must owe the IRS at least $20,000.00 and have very little in the way of equity in assets. Also, you must be using your monthly income to pay your necessary living expenses, and not have much or only a small amount left over to pay old taxes.
If you meet these requirements, then you owe it to yourself to explore the possibilities of paying the IRS ONLY A FEW CENTS ON THE DOLLAR FOR THE TOTAL AMOUNT OWED.
The IRS cuts these deals and get you back in the system as a current taxpayer, and to collect a few bucks on the old taxes owed. The fine print in these deals requires you to file your tax returns and pay on time for the next 5 years. If you don’t then the IRS revokes the deal and bills you for the original amount.
I’ve prepared many OFFERS IN COMPROMISE, have them ACCEPTED and enjoyed seeing the taxpayer and their families get a fresh start. If you think you may qualify, then you must consider it as the best TAX SAVING TOOL available.
*J. & S. of Pennsylvania, partners in an excavating business, were able to use Tax Secret #5 and reduce their $86,000.00 owing to the IRS to $23,000.00; saving of $63,000.00 by having me negotiate an Offer in Compromise with the IRS.