Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
Hello Glenn, my name is ***** ***** I am happy to help you with this question. First, I'm sorry to hear that you are going through this. The IRS is actually pretty reasonable. Have you made an offer in compromise? That would be your next step instead of trying to keep paying the tax owed. Generally, if you make a reasonable offer in compromise they will accept it and remove the lien. This is especially true when dealing with income taxes. They are much less forgiving when it comes to unpaid employment taxes. The IRS page on offers in compromise can be found here: http://www.irs.gov/Individuals/Offer-in-Compromise-1. I hope this helps, and let me know if you have additional questions.
Hi Glenn, You're very welcome. The IRS wants you to make a reasonable offer of what you can reasonably pay, and that is based on your resources. They will want to see a balance sheet, income statements, and other things to verify what you are able to pay. They don't take payments for an offer in compromise, so you have to be willing to pay it off and be done with it. This is the kind of situation where they are willing to take more of a haircut on the debt because they don't take payments. Let me know how else I can help you.