Friday, January 27, 2006

Offer in Compromise War Story Central

Tax Settlement Negotiation War Story Central

You now have arrived! Yep. My next post will be my first war story on IRS Offer in Compromise negotiation.

I have a good friend who is a CPA. His name is Jim. He is a great CPA and has referred several Offer in Compromise clients to me. He had recognized before that the client needed an expert in tax settlement and compromise negotiation so he has sent them to me. The last guy he sent me was a train wreck and owed a boat load of money to the IRS. Anyway I settled his tax, and resolved his IRS problems with and offer in compromise, for literally pennies on the dollar. (This settlement is a war story in itself) So several weeks ago I was surprised when the clients showed up and told me Jim had referred them but that he had submitted and offer for them. The OIC specialist had rejected their offer cold and told them that they could full pay. Yesterday, I settled their case for $7042. This was less that seven cents on the dollar. Next time I will tell you how. Right now it is Friday night and I am tired. Did someone say it was cocktail hour?

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