August 2, 2010 by Jay Freeborne

A common question we get from clients and prospective clients:  "I am in IRS collections.  What happens if I file an Offer - will that stop the collection process?"

1. If you are receiving "intents to levy,"  your Offer will automatically suspend the collection process.

2. If you are being levied - wage garnishment or bank levy, for example - you will have to resolve that issue with IRS collections separately from the Offer in Compromise by providing the IRS financial statements (orally or written).

In 2012 - the Offer in Compromise had their most DRAMATIC rule changes to date Offer in Compromise Rule Changes - HUGE!

If you want an HONEST AND INEXPENSIVE solution to your tax problem please call the staff of Washington Tax Services:  YOU can reach us at 1-888-282-4697 or email us HERE.  

Call and talk with a tax expert for free:
(888) 282-4697

or email us now