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There are many ways to go after the problem. But despite the options some might not be in your best interest.
The IRS has 10 years to collect a debt you owe them. So at the begining of the time period all options are open to you to reduce or eliminate this balance including:
1. Offer in Compromise
2. Collection due process appeal – You timely respond to IRS letter of intent to levy and a hearing is scheduled
3. Bankruptcy
4. Installment agreement
But if you’re 9 years in you probably don’t want to do these because they extend the time the IRS has to come after you.
There are more obscure options here.
The thing to remember is consider where you are in the process and take the appropriate action. Weigh the risk of acceptance to the time left on the collection clock before moving forward.
There’s some things you can do to suspend collections indefinitely but they’re little-known and kept secret. I found this cool resource because these are tactics I didn’t even know about. It has to do with the Collection Due Process Hearing and taking the appropriate actions within the confines of IRS procedures. Many people don’t do this and lose. Check out full details here.
You can see 9 videos ranging in length from 4-10 minutes here.
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