IRS Problems, Tax Problems, Tax Accountants, IRS Tax Attorneys, Tax Relief Help CPA, In Houston, Texas.
“Solving IRS problems has been my life’s work. After 30 years and 1,000’s of successful tax cases I can safely say, “I know the IRS Business like the back of my hand”. How would you like to never worry about the IRS again? Let my past knowledge and experience work for you”
– Joe Mastriano, CPA
Joe is a member of the Sugar Land Rotary, whose mission includes promoting integrity, fellowship, and good will.
I know people who had their bank account and paycheck levied after the offer was acknowledged as received by the offer division. Once the rule was that collections would stop when an offer in compromise was accepted. That rule is gone.
Now collections don’t stop until the offer is officially assigned to an offer professional. That can happen months later after the IRS corresponds with you for additional information. Don’t fall for the tricks! Don’t believe what you read on the IRS’s website.
File it yourself or use an inexperienced representative, not knowing how the IRS works will cost you more money in the end. Let us help you save money. Free Evaluation
Processable Offer In Compromise – Tax Debt Reduction
The IRS has determined that there should be a preliminary step before assigning an offer to one of their offer professional. The significance of this is that you can verify that the IRS has received your offer, but in order for collection action to stop during the determination of an offer, it must be assigned to the professional. I have had offers held up in the processable offer in compromise stage for up to a year! During this time we were told that the offer was being reviewed. Without making the distinction of who is reviewing it at the offer division, we had mistakenly thought the taxpayer had the “stop collection” protection of the offer division. Luckily, we had negotiated the agreement from the collection officer to stop collections. She also assumed the offer division professional was working on it, so we were not contacted.
Processable Offer In Compromise – How To?
The offer forms should be filled out correctly. Your tax returns need to be filed up to date. You have to submit the right forms, make your payment out for the right amount and titled properly. You need to include the correct backup information. Any years included in the offer cannot also be part of a current bankruptcy proceeding. In the past, I’ve had offers accepted with some information missing. We stated ahead of time that we will provide it shortly. It helps to have a good reputation with the people at the IRS in this regard. I’ve had people tell me that their offer was rejected in cases where if I filed it, it would have been accepted for processing. Accepted for processing means that it now gets assigned to an offer professional. There’s an art to having your offer get past the processable stage. Please consider our services for your processable offer in compromise.
If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467.