Jay Freeborne

by Jay Freeborne, Enrolled Agent

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 division by providing the IRS financial statement and getting your levy off separately.

If you are considering filing an Offer- the rules have changed very favorably. Check them out here: 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 a description of your tax problem and we'll contact you.

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