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Aug 8, 2013
2 min read
Offer in Compromise | New York | Flat Fee Tax Service | San Diego
Updated: Jun 13
Flat Fee Tax Service client, Bob E. from central New York, called us when he was facing an IRS levy on his Social Security Disability check (SSDI). We all know that Americans who are receiving a Social Security Disability (SSDI), Social Security or getting a Veteran’s Pension check do not have a lot of discretionary income. These fine people live from day to day.
The IRS tax relief team at Flat Fee Tax Service had the IRS levy on Bob E’s Social Security Disability check stopped and released. That was the first step in getting Bob E. a Fresh Start.
Our experienced tax preparation department then prepared Bob’s missing tax returns. This was needed to get Bob compliant. You cannot file for an IRS settlement through the Offer in Compromise program without being IRS compliant.
Once the unfiled tax returns were prepared and submitted to the IRS, all that was left was the Offer in Compromise.
The tax professionals at Flat Fee Tax Service proudly announce that our client, Bob E. of central New York had his Offer in Compromise accepted.
BOB E. SETTLED HIS $18,000 IRS TAX DEBT FOR $100.00
You read that right. The IRS accepted Bob E’s Offer in Compromise settlement and he now has peace of mind and he will have a Fresh Start.
An IRS Offer in Compromise is a settlement for a tax debt owed to the IRS. The IRS will accept a settlement offer if it can be shown that the tax debt cannot be repaid and that it will cause you financial hardship. An accepted IRS settlement can be paid all at once or in installments.
Before you file for an IRS settlement through the Offer in Compromise program, you must: