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It appears that the Inte
al Revenue Service (IRS), following the onset of the COVID-19 pandemic, has awakened and begun sending collection letters to all taxpayers who owe back taxes. Since March 1st of this year, the IRS has resumed its role as a tax collector, and tax collection letters are being sent to every individual who, for one reason or another, has not paid their overdue taxes. Trucking friends have not had a good year and will hardly be able to meet the demands of the IRS. The aggressiveness with which the IRS is known for collecting owed taxes can be borderline inhumane, as it can leave you without money for your rent, fuel, or your children´s food, all without showing remorse. The IRS is the federal gove
ment´s tax collector, and many employees exhibit abusive and arrogant behavior. Despite all this arrogance, you have the right to defend YOURSELF.
In general, the provision of Inte
al Revenue Code § 7122 provides hope for possible financial relief for taxpayers trapped with IRS debts. This section gives the Inte
al Revenue Service, through the Commissioner or their delegate, the authority to reduce the taxes the taxpayer owes. To secure an Offer in Compromise, the taxpayer must establish to the Commissioner or their delegate the following:
Promotion of effective tax administration. If there are no reasons to qualify under the first two points, it could be requested when:
The above Code shows that we all have rights, and the IRS shows us that light is at the end of the tunnel. If there is no way to pay, we have the alte
ative of an Offer in Compromise.
Before submitting an Offer in Compromise, you must know if you qualify. To qualify, you must prove that you cannot pay your debt.
How much can I offer the IRS for the tax debt?
To establish a serious offer based on your income and the value of your assets (cars, houses, motorcycles, the value of your truck, your trailer, etc.), you multiply the sum of all those assets by 80%, and the result is the amount to offer. But if you have no assets and nothing left to save, you could offer an acceptable amount ranging from 5 to 10% of the total debt.
How can I pay the Offer?
The IRS offers different payment plans. For more information, do not hesitate to call us at (909) 590-9307 and schedule your appointment in advance with Gustavo Núñez, IRS Enrolled Agent.
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