2007-02-13 02:06:42 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Sure! Pay off the debt!
If this is a tax debt, you might want to consult with a CPA or tax attorney about submitting an Offer in Kind to pay off the debt. Sometimes the IRS will accept partial payment as payment in full on a large outstanding debt, especially if there's little chance that the taxpayer will ever be able to pay the full amount.
2007-02-13 02:13:12 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Yes, you have to make an offer in comprimise to the tax authority. My guess is that you owe money to the IRS. You may have to pay an accountant, or just go by your local IRS office, and ask about it. They can usually save you up to 50%. They still want some money. If you have the cash to pay 50% they will drop the rest. That means half is free. This is my best suggestion. Good Luck
2007-02-13 03:10:29 · answer #2 · answered by Chris 3 · 0⤊ 0⤋
I guess it really depends if you have paid the lein yet and if you have then it should be easy to get the lein taken off legally.
2007-02-13 02:10:13 · answer #3 · answered by Daigsmommy 4 · 1⤊ 0⤋
Pay the lien or prove that it isn't yours. Very simple since tax liens do not go away or fall off of credit reports. It doesn't fall under that ignore it, maybe it will disappear if it is idle for 7 years.
2007-02-13 02:15:48 · answer #4 · answered by Margaret K 3 · 1⤊ 0⤋
Sure, pay it off.
2007-02-13 02:10:02 · answer #5 · answered by Joe Rockhead 5 · 2⤊ 0⤋
pay it
2007-02-13 02:11:49 · answer #6 · answered by booge 6 · 1⤊ 0⤋