Yes! It's all relative. Someone who owes the IRS $5,000 would probably need to be something of a pauper to get an OIC approved. But someone who owes $50,000 or $500,000 or $5,000,000...it all depends.
Fascinating! I wonder how much Charlie paid in legal and CPA fees for this. And, what did he think would happen by not paying his taxes all those years?
I question whether us mere mortals would ever get the same outcome as Sheen did, and even if we did, the expense of so many of layers of litigation would probably exceed the settlement.
It sounds like the IRS made an assumption that because he is a celebrity with lots of wealth he should not have this arrangement with them so they didn't follow their own procedures correctly.
Yes, I agree. I think that Los Angeles Area Appeals Director just saw the name and automatically hit the reject button. He / she didn't even give an explanation for the rejection. Glad it worked out for Charlie. He still has to pay $3,300,000 of course but that's better than $7,000,000. No matter who the taxpayer is, rich or poor, the IRS must treat them fairly and follow the same procedures.
Thank you for helping to clear up the misconception that you have to be a pauper to get an OIC approved.
Yes! It's all relative. Someone who owes the IRS $5,000 would probably need to be something of a pauper to get an OIC approved. But someone who owes $50,000 or $500,000 or $5,000,000...it all depends.
Mr Logan you are great felo, you are doing great in educate me. God bless 🙏
Fascinating! I wonder how much Charlie paid in legal and CPA fees for this. And, what did he think would happen by not paying his taxes all those years?
I would really love to know how much his professionals made off this case as well.
Interesting- I had a phone consult with a gal supposedly in your office who said the exact same thing Dave said. I owe $49k federal and $14k state.
I question whether us mere mortals would ever get the same outcome as Sheen did, and even if we did, the expense of so many of layers of litigation would probably exceed the settlement.
“Same address as in high school is codeword for unemployed”.
- Logan Allec 2022
Haha I remember saying that in one of my videos. Which one was it? I'll have to find it.
Good morning
Hi, Tameka! Hope you are having a nice Friday.
It sounds like the IRS made an assumption that because he is a celebrity with lots of wealth he should not have this arrangement with them so they didn't follow their own procedures correctly.
Yes, I agree. I think that Los Angeles Area Appeals Director just saw the name and automatically hit the reject button. He / she didn't even give an explanation for the rejection. Glad it worked out for Charlie. He still has to pay $3,300,000 of course but that's better than $7,000,000. No matter who the taxpayer is, rich or poor, the IRS must treat them fairly and follow the same procedures.