NOW
IS NOT THE TIME TO PUT OFF SOLVING YOUR TAX PROBLEMS
We have
just returned from two weeks of IRS Problem Solving Seminars and I
wanted to bring you up to date.
The new “kinder and gentler” IRS is starting to dissolve. They are still having to abide by the IRS reform of the late
1990s but they are interpreting the codes differently. The “ones in the know”, those who have their hands on the
pulse of IRS, are telling us that it is becoming more difficult to get
an Offer in Compromise approved by the IRS. We are beginning to see a hold up in the processing of offers
sent from our office. We
still are getting them approved, but not in a timely manner as in the
past. They are telling us
that with the “offer mills” sending in frivolous offers that it has
caused an overwhelming work load for the IRS Offer Specialists. A combination of this and the loss of tax revenue is causing the
Offer Specialist to turn them down and be less agreeable to the smaller
settlements.
We were also told that liens and levies will become more difficult to be
lifted. However, few liens
and levies are currently being placed while an Offer in Compromise is
being reviewed. This too may
change as the IRS gets bolder. So
far, they still need a court order before seizing property and we
don’t foresee that changing.
We wanted to keep you informed on the mindset of the IRS in dealing with
Offers in Compromise. For
anyone who might have a tax problem, NOW is the time to act.
If you should have any questions or want more information you can call
or email us with any questions. You
can email me at dick@irsaway.net. Please note “.net”. You
can also visit our web site at www.irsaway.net. Again note the “.net”.
Sincerely,
Dick Jones, EA | 
