"Making a deal" on your back taxes is something every American hears on their TV or radio. But is it realistic? Or pie-in-the sky?
A survey of WATAX's last three years of completed cases is pretty telling.
For our IRS tax problem clients:
- 52.7% of cases were resolved by some kind of PAYMENT PLAN (with a later request to WAIVE penalties),
- 27.8% of cases were resolved by OFFER IN COMPROMISE (a settlement less than what was owed) and,
- 19.4% of cases were resolved as CURRENTLY NOT COLLECTIBLE (whereas the IRS suspended all collections for two years (usually) while not forgiving the debt).
But also remember, some of our tax problem cases were resolved by the TAX DEBT EXPIRING (whose numbers were excluded from this survey). That's why all WATAX cases begin by researching our client's record to make the right first step forward. And if you haven't filed taxes in sometime, investigating your IRS record helps us determine the bare minimum of tax compliance you need to get into and to get the transcripts to do your returns.