Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Ah yes, but there-in lies the confusion.
As per the booklet: http://www.irs.gov/pub/irs-pdf/f656b.pdf
Do you currently have an open bankruptcy proceeding? You should contact your Bankruptcy Attorney if you are not certain. If you are involved in an open bankruptcy proceeding, contact your local IRS Insolvency office. If you do not know the location of your local IRS Insolvency office, then you may call 1-XXX-XXX-XXXX. They will be able to provide you with the local number. Any resolution of your outstanding tax liabilities generally must take place within the context of your bankruptcy proceeding. If you answered YES to this question, then stop here. You are not eligible to have your offer considered or processed at this time.
It would appear that because I have an open bankruptcy case that I am not eligible for the OIC program and they're referring me to the local IRS Insolvency office.
I've now been issued a chapter 7 discharge. So at this point I would submit the IRS an OIC and attach a 20% down payment?
I did a zero-asset chapter 7 so how would I know what percentage of the tax debt to offer?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).