I can't stand lawyers, but I'll get one if need be.
2007-01-03 05:47:24 · 5 answers · asked by shermynewstart 7 in Business & Finance ➔ Taxes ➔ United States
Someone from the IRS just called me & said if you have any assests we won't compromise with you. (I just went on disability & he wants to take a part of that!!!!) I told him I'll have to get a lawyer & have a nice day.
2007-01-03 06:33:35 · update #1
They may negotiate on the penalties or the amount of interest on those penalties or if you don't have any assest or wages they can garnish but they will never negotiate on the underlying amount that they think you owe. If they say they will negotiate then it is not a trick see what they offer and if you can agree with it and pay then agree to it as any money saved is more money in your pocket plus if you don't like their offer then you can always refuse and then hire a lawyer.
2007-01-03 08:04:53 · answer #1 · answered by Matt M 5 · 0⤊ 1⤋
The IRS will "settle" with a taxpayer if they know they won't get the entire amount anyways. You don't need a lawyer to do it, though. Just call the Taxpayer Advocate number and they'll help you. The number is 1-877-777-4778.
2007-01-03 13:55:33 · answer #2 · answered by Fool in the Rain 6 · 1⤊ 0⤋
Often much of what is owed to the IRS, because of a late filing or error in filing is penalties and interest. Often the IRS will negotiate on these, especially if they feel they won't get the money otherwise and will get the lower amount.
2007-01-03 13:50:13 · answer #3 · answered by Radagast97 6 · 1⤊ 0⤋
1) If you owe under $10,000 they will probably automatically reject any offer. They will tell you to make an installment agreement.
2) 87% of all offers are rejected.
3) The paperwork to come up with an offer is rather time consuming.
2007-01-03 14:10:20 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
It is possible to "settle" with the government.
But with the attorneys fees, the savings may be a wash, or worse.
tc
2007-01-03 13:50:01 · answer #5 · answered by timc_fla 5 · 1⤊ 0⤋