The Complexity of an OIC (Don’t Try This at Home)

OIC

Let’s face it. The IRS wants to collect its tax debt. And if you owe a large sum, they especially want to bring that money in. Sure, they aren’t paid on commission, but this is their job, and, probably like all of us, they are held to certain marks and standards. With that being said, a settlement with the IRS (also called an Offer in Compromise) isn’t impossible (it’s just not exactly easy, either).

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James* Owed Over $118K to the IRS—But Not Anymore!

back taxes

When he came to Direct Tax Relief, James* was in IRS debt to the tune of over $118,000 in back taxes, fees and penalties. DTR immediately filed a settlement offer on James’ behalf. The IRS took nearly six months to assign an Offer Examiner to the case, and, despite repeated contact with DTR, the offer was rejected. Luckily, that didn’t stop them from continuing to pursue a resolution.

 
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Carly Owed Over 32k in Back Taxes. See How DTR Saved the Day!

back taxes

Carly* was overwhelmed. She found herself owing over $32,000 in back taxes, penalties and fees to the IRS. She feared the destruction to her personal credit that a tax lien would cause, and she couldn’t handle the loss of income she’d face if the IRS decided to garnish her wages. After months of stress, Carly decided to seek help.

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The IRS Is Hiring. If You Owe Back Taxes, Get Ready

owe back taxes

Last week, we wrote about the use of outside debt agencies to start collecting tax debts (you can check out the blog here). In conjunction with this, the IRS recently announced the end to their hiring freeze. That’s right, America’s best-loved agency is beefing up its staff. In fact, they plan to grow the department by six to seven HUNDRED. So other than a staff increase, what will this mean for you and me?

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Have an IRS Tax Debt? Get Ready for the Collection Agencies

IRS tax debt

We’ve already discussed the controversial IRS passport law that was sneaked into last winter’s highway bill (check it out here), but that wasn’t the only thing pushed through. The bill also included authorization for the use of outside collection agencies to target IRS tax debt.

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