I got in trouble with unreported income with the irs, the original amount tax
amount was around 125K, in excess of 300k now. all of their tax bills are already hitting my mailbox. i have been paying some of the amount owed, so far no intent to lien
or levy notices. so i am in process of getting my documents together for an offer in compromise with my accountant.
Now in the mean time the irs sends the state of sc a notice that there was unreported income, march of 2013 i get a tax bill from sc, i didnt pay it, now sc sent me a letter in the mail aug 2013 stating that they have (swiftly) placed property liens and they also put the amount owed on my credit report.
When you do an offer in compromise with the irs you have to send 20% of the offer up front, Now that the state of sc has liens on property, it is not possible to sell property to fund the 20% for the oic for the irs. Seems to me the irs shot themselves in the foot and done all the paperwork for the state.
So i guess my question is now, How does all this go down?