Beware of False Claims to Resolve IRS Debt
Michael W Long CPA/PFS, CPFA
Empowering you to address your goals and pursue life on your own terms | Business & Personal Accounting, Tax Strategy, Financial Planning Expertise.
As part of the annual Dirty Dozen list of tax scams, the Internal Revenue Service renewed its warning to taxpayers concerning pricey Offer in Compromise (OIC) "mills” that aggressively mislead taxpayers into thinking their tax debts can disappear.
As in past years, companies running OIC mills continue heavily advertising their promises to settle taxpayer debt at steep discounts for pennies on the dollar. While OIC is a legitimate IRS program, many taxpayers do not meet the technical requirements for the tax resolution program, often leaving them facing excessive fees from the promoters for information they could have easily obtained for free by using the IRS's Offer in Compromise Pre-Qualifier tool.
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11 个月Michael, thanks for sharing!