Tag Archives: offer in compromise
- I Owe the IRS. Will They Settle for a Lesser Amount in an Offer in Compromise or Do I Need an Attorney? – Diana
“Dear Jim, I owe the IRS $26,000. There were some years I failed to file taxes and some years I filed and owed, but they said I never filed, I have the copies. I have all the information except one year. My question is will the IRS settle with me for a lesser amount or [...]
- IRS Says It Will File Fewer Tax Liens
In an article brought to my attention by a great tipster, the IRS says it will file fewer tax liens and make it easier to get those liens removed from credit records once the debt has been resolved. Kind of a form of legal credit repair. In these tough economic times it can be helpful [...]
- FTC Warns Consumers to Stay Away From Tax Relief Companies
The Federal Trade Commission has issued the following warning to consumers. It’s good advice. @GetOutOfDebtGuy Owe Back Taxes? Tax Relief Companies Can Result in More Pain than Gain We’ve helped thousands of people settle their tax debts for a fraction of the amount owed. We can stop wage garnishments, bank levies, tax levies, property seizures, [...]
- Is Tax Relief the Next Debt Relief Scam to Watch Out For? American Tax Relief Under Fire.
In the news again is yet another tax relief company to find itself in hot water. American Tax Relief of Beverly Hills, California made claims that they could settle tax debt for pennies on the dollar. As big and scary as the Internal Revenue Service is, many jumped at the opportunity to make their debt [...]
- How to Deal with the IRS if You Can’t Pay Your Taxes
Maybe you adjusted your withholding too high, or had some self-employment income you spent without setting aside money for the taxes. Maybe you sold some valuable property, or went through a divorce that messed up your finances. Or maybe you paid what you thought you owed, but the IRS sent you a bill because of [...]
- Substitute Teacher Lives in Shelter Instead of Paying Rent. – Tim
Tim wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Settle Tax Debt for Pennies on the Dollar. The Newest Scam
I’m a big fan of the Red Tape Chronicles and Bob Sullivan. He just posted a great article titled “Tax debt settled for pennies? Don’t count on it” and it’s worth a read. But here are some important highlights. That’s why, as tax day approaches, you are hearing seemingly nonstop advertisements for companies that claim [...]
- I Feel So Embarrassed, Ashamed, and Without Hope Because of My Debt. – Karen
Karen wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Advertisements About Eliminating IRS Debt Not Honest
Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their [...]