Resolution Success Stories

The IRS Collection Process and the Offer in Compromise

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!

Is 2024 the year to solve your tax issue? WATAX is ready to assist you now. Please call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you promptly.

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