Have you negotiated an installment agreement with the IRS for $300 and it really represents your ability to pay them, i.e. it's tight? Then based on the new Offer in Compromise rules, you could settle your tax liability for $3600.00 ** (Assuming that your assets, expenses are within line as well as well as the statute of limitations clock).
Paying $100 a month -- How bout $1200 to start fresh?
Paying $200 a month -- How bout $2400 to start fresh?
Paying $400 a month -- How bout $4800 to start fresh?
Paying $1000 a month -- How bout $12000 to start fresh?
Paying $2000 a month -- How bout $24000 to start fresh?
Paying $5000 a month -- How bout $60000 to start fresh?
As long as your ability to pay the IRS does NOT pay off the debt within the statute of limitations - you might qualify for an OIC - more on this in Part 5 - (click ahead to Part 5 below)
The 2012 law change has us looking at every different tax case with new glasses. Washington Tax Services has been following the rule changes very closely.
READ PART 4 - SAMPLE OFFER IN COMPROMISE CASE: PART 4
