You may lose your right to an offer in Compromise.

Back door legislation could end the Offer in Compromise Program

Congress has inserted language in the current budget reconciliation bill which will surely spell the end of the IRS Offer in compromise Program. Under the new law the IRS can simply return your offer in compromise when it deems the offer to be a "FRIVOLOUS TAX SUBMISSION." Guess what a "FRIVOLOUS TAX SUBMISSION" is? A "FRIVOLOUS TAX SUBMISSION" is anything the IRS says is a "FRIVOLOUS TAX SUBMISSION." The new law says that the IRS will define a "FRIVOLOUS TAX SUBMISSION." Have those people in Congress lost their mind? The IRS can not be trusted to regulate itself. This not all the bad stuff in this bill. If the IRS determines that you made a "FRIVOLOUS TAX SUBMISSION" then they can levy a penalty of $5,000 on you. Several years ago Congress gave Taxpayers some rights to challenge the IRS. Under certain circumstances a taxpayer is entitled to a hearing when the IRS files a lien or proposes to seize a taxpayers property. If the taxpayer follows the procedure correctly then he may appeal the IRS's decision to the courts. With this new law the IRS can prevent the taxpayer from getting to court by calling his claim for relief a " FRIVOLOUS TAX SUBMISSION" Steve Kassel, EA of eTaxes.com has written some commentary on this horrible piece of legislation. For more click here.

Trying to settle your taxes and solve your IRS problems with an offer in compromise could become very difficult in the very near future. If you owe taxes you can not easily pay you need to read my book Offer Secrets Revealed. Click here to learn more


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Death to Offer in Compromise

Is IRS Commissioner trying to Kill the Offer in Compromise Program

It may soon become harder for taxpayers seeking to solve their IRS tax problems with an IRS tax settlement through the Offer in Compromise Program if some of the pending changes take place.

Some of us who follow the developments is the area of offer in compromise have long been suspicious of current IRS Commissioner Mark Everson and what appears to be his campaign against the IRS Offer in Compromise Program.

It appears now that the IRS will be reducing the number of Offer in Compromise Specialists from the current number to just over 150 in an effort to get more Revenue Officers in the field and to centralize the offer in compromise program. Is this part of Everson's effort to destroy the neuter the Offer in Compromise Program. See what Steve Kassel EA has to say about it. Click here. Or check out his web site eTaxes.com

To learn more about how an offer in compromise can be used to settle your taxes click here

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IRS Offer in Compromise War Stories

Tax Settlement War Stories from the Trenches

Ok, I would like to say I had this planned all along when I first set up this blog, but that would not be true. I just thought of this today and decided it would be a great way to provide useful information.

Starting today I will be bloging my tax settlement war stories on my other blog IRS Compromise.

Sometimes many things can be learned from a war story. I love war stories. I love to hear them and I love to tell them. Hey, who does not. I have been winning battles with the IRS for years and yesterday I settled another case for less than ten cents on the dollar after the taxpayer had seen another professional and received a rejection on full pay. I did some of my magic and settled the case for $7042. It is and interesting story and I learned a new trick. Read my latest IRS Offer in Compromise War Story

And of course if you want to become an expert on IRS Offer in Compromise then you need to get my book. Offer Secrets Revealed

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Power of Attorney For Offer in Compromise

Form 2848 Power of Attorney For Offer in Compromise Tax Settlements
Tax Payers with problems seeking solutions for their tax problems may need some help. The taxpayer looking for a settlement and their representative must complete and submit a Form 2848 Power of Attorney. An offer in compromise submitted with an incorrectly filled out Form 2848 is a sure way to derail your office in compromise. Here are a few tips.

1. Double check the Social Security Numbers and Employer ID number.
2. Never use more than one Employer ID number, prepare a second Form 2848.
3. Be sure to enter all the information in the columns in paragraph 3.
4. Double check that all signatures have been obtained.
5. Double check to make sure that all the signatures have been dated.

Be sure to provide accurate information in each section. Submitting a valid POA (power of attorney) on a properly completed Form 656 will help the offer proceed more smoothly.

If you have IRS Problems and are contemplating an offer in compromise to settle your taxes, you should read my ebook Offer Secrets Revealed. Click here for more