Wouldn't you have been better off hiring a tax attorney to negotiate a settlement and repayment plan with the IRS rather than a bankruptcy filing?
Wouldn't you have been better off hiring a tax attorney to negotiate a settlement and repayment plan with the IRS rather than a bankruptcy filing?
I tried for 3 years an offer-in-compromise with IRS. State Comptroller
wouldn't even start the offer-in-compromise. It's not that I wanted to file
my credit scores were in the high 700's. The pisser was more than half
of the tax debt is penalties and interest and they wouldn't budge on it.
Basically I would have to live on nothing for the next 10 years under their repayment plan and I couldn't put my family through that. Those advertisement for settling pennies on the dollar are bogus.
But one plus is I have learned more about tax debts and how they are treated by the court, means testing and anything else related to tax debts than most attorneys. My attorney for my bankruptcy even listed his tax has a practice area. It was a shame that it took a letter from me to get the IRS to amend their claim.