Thursday, February 8, 2018

SOME FACTS ABOUT SETTLING YOUR IRS BACK TAX DEBTS

SOME FACTS ABOUT SETTLING YOUR IRS BACK TAX DEBTS

In our many years of settling IRS debts, we've assisted on every kind of Offer in Compromise (OIC) you can imagine and have accumulated some fun facts.

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Did you know that you can still get an OIC if you have equity in your home?

Sure. For one you can value your house at 80% in your OIC and furthermore if you get loan denials you can exclude some equity from your OIC.

When is making payments to the IRS better than an OIC?

If your debt is expiring soon, you don't want to do an OIC. Let the debt expire and stay in that payment plan until the debt drops off.

Can filing an OIC actually hurt you?

Most definitely. If you clearly don't qualify for an OIC, don't do it! Filing an OIC freezes the statute of limitations clock on your debt for the duration of the OIC processing. For some that might not be fatal, but if you don't qualify for an OIC - why freeze nine months on the statute clock for no good reason! The Statute of Limitations is 10 years.

Do you have to be poor to qualify for an OIC?

Not necessarily and especially if you owe a ton of money!

So, if you have IRS Problems and unfiled tax returns – Take action today! You should work with a local tax relief firm however if you live out of state we can still help you. We have so many clients in San Francisco, New York, Georgia, Florida etc. Call Advance Tax Relief (800) 790-8574

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2017 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund.

Advance Tax Relief has a offices in Houston, TX and Los Angeles, CA and helps many individuals just like you work with the IRS to solve a wide variety of issues, including penalty waivers. Let our Experienced Tax Attorneys and IRS Enrolled Agents resolve your tax situation.   

Call our team today at 800-790-8574 for more information. For a free consultation, schedule an appointment with us online.

Feel free to also learn about us and contact us via www.advancetaxrelief.com.

However, it doesn’t matter where you live, we service taxpayers nationwide.
Over $50 million has been settled for our clients nationwide.

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