Happy summer, folks.
A common question I get from clients and prospective clients: "I am in IRS collections. What happens if I file an Offer - will that stop the collection process?"
1. If you are receiving "intents to levy," your Offer will automatically suspend the collection process.
2. If you are being levied - wage garnishment or bank levy, for example - you will have to resolve that issue with IRS collections separately from the Offer in Compromise by providing the IRS financial statements (orally or written).
In 2012 - the Offer in Compromise had their most DRAMATIC rule changes to date Offer in Compromise Rule Changes - HUGE!
If you want an HONEST AND INEXPENSIVE solution to your tax problem please call me or my staff at Washington Tax Services: My direct line is 1-866-525-7302 or email me at jfreeborne@watax.com.
A common question I get from clients and prospective clients: "I am in IRS collections. What happens if I file an Offer - will that stop the collection process?"
1. If you are receiving "intents to levy," your Offer will automatically suspend the collection process.
2. If you are being levied - wage garnishment or bank levy, for example - you will have to resolve that issue with IRS collections separately from the Offer in Compromise by providing the IRS financial statements (orally or written).
In 2012 - the Offer in Compromise had their most DRAMATIC rule changes to date Offer in Compromise Rule Changes - HUGE!
If you want an HONEST AND INEXPENSIVE solution to your tax problem please call me or my staff at Washington Tax Services: My direct line is 1-866-525-7302 or email me at jfreeborne@watax.com.
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