IRS Accepts Offer in Compromise Replacing a Currently Not Collectible Status in Glen Grove, NY
IRS Offer in Compromise Replacing Currently Not Collectible Status – 10-06-2005
Taxpayer Situation: Taxpayers owed the IRS for tax years 1996-2004, totaling $89,388, and had gotten a Currently Not Collectible Status (CNC) approved with another tax resolution firm. The taxpayers were current with the filing of all their tax returns. Taxpayers wonder why their outstanding balance continued to grow.
Resolution Outcome: Legacy Tax & Resolution Services explained the difference between an Offer in Compromise (a permanent settlement) and a CNC (a band-aid under the wrong circumstances) and successfully negotiated an Offer in Compromise with the Internal Revenue Service for a client in Glen Grove, NY. Legacy Tax & Resolution Services negotiated a permanent settlement of $18,395.
Total Savings: $70,993
If you need help negotiating with the IRS or State, don’t hesitate to contact Legacy Tax & Resolution services at (855) 829-5877.