Two weeks ago -- this payment plan and perhaps a request to take the penalties off - were this guy's best options.
BUT NOW: It's a entirely different universe:
this gentleman NOW QUALIFIES FOR an $87,000 Offer in Compromise to settle his $250,000 debt.
We will get into the actual math of this person's case in another post. But as we indicated below: your monthly disposable income necessary to do an Offer has been reduced from 48 months to 12 months -- a 75% discount.
READ PART III ABOUT THE OFFER HERE
If you are making monthly payments to the IRS, please call us at 1-888-282-4697 and we will discuss and give you a pretty good idea if you should do an Offer in Compromise to settle your debt with the IRS. STAFF of Washington Tax - since 1989.