Over the past year I’ve taken hundreds of calls from people asking me about settling their IRS Debt. They have all sorts of questions:
Have you heard of that Fresh Start Initiative?
Do I need an attorney?
Can I really settle my debt for pennies on the dollar?
How much does it cost to do that anyway?
A lot of those companies that advertise on TV are charging from $5,000 to $8,000 – that’s money that you could have used to pay down your tax debt! And they keep your money even if the IRS turns you down!
So I’m going to be teaching a class about how to do do an offer in compromise by yourself. A step by step, easy to understand, instruction guide. Why do that? Because, the hardest part about making a deal with the IRS isn’t the forms you fill out, it’s pulling your paperwork together and figuring out your monthly expenses. And you’re doing that part yourself even if you’re paying the TV tax guys $5,000. So why give them all your money after you’ve already done all the work? You can use that cash to pay the IRS instead!
I’ve done a bunch of offers in compromise. The key is to use the IRS formula for making the offer. If you use the right formula-you get your offer accepted. If you can’t afford to pay what the IRS formula says you need to pay, you’re not out of options. You can still make an installment agreement to settle that debt.
So if you could do me a little favor, I’d really appreciate it. Don’t leave a comment below, please just respond to my survey. I want to make sure that I cover all the questions that people really care about. And most importantly, I want to make sure that I make it easy to understand. Thanks for your feedback