The #1 fear of people with tax problems–whether it’s an unpaid tax debt or years of unfiled tax returns–is that the IRS will seize their house. In fact, the Taxpayer’s Bill of Rights discourages seizure of a primary residence. However, a taxpayer must show an attempt to pay.
Tax Relief with Soulful Communication
Greetings!
Welcome to positive change. Relief from the pressure of having that gigantic IRS elephant on your back is what this blog is all about. I will show you different ways that you can resolve your IRS debt and regain your peace of mind. To begin, let me tell you a little bit about myself.
Offer in Compromise – Introduction
The road to tax relief can sometimes be traveled by filing an Offer in Compromise, or OIC, with the Internal Revenue Service. An OIC is a proposal to the IRS. You are asking them to allow you to pay less than what you owe. Example: You owe the IRS $125,000 and you file an OIC with an offer to pay $35,000. If they accept it you will only pay $35,000 and your IRS debt will be permanently settled.