Here's Why You Likely WON'T QUALIFY For an Offer in Compromise 😭

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  • Опубликовано: 31 июл 2024
  • ➡️ Request your FREE tax relief consultation at choicetaxrelief.com/free-tax-...
    The IRS rejects the majority of offers in compromise, and for good reason - most people simply don't qualify. In this video, I dig into why. That said, there may be other tax relief options for you even if you don't qualify for an offer in compromise! I get into these as well in this video.
    Watch All My Tax Relief Videos (Playlist): • TOP ALL-TIME TAX RELIE...
    Table of Contents:
    0:00 Most People Do Not Qualify For an Offer in Compromise
    1:25 Other Tax Resolution Options If You Don't Qualify For an Offer in Compromise
    5:14 Why Do Most People Not Qualify For an Offer in Compromise?
    9:50 Sometimes You Have to Take Your Rejected Offer in Compromise to Appeals
    #taxrelief #taxresolution #taxdebt

Комментарии • 9

  • @hughwhitledge8032
    @hughwhitledge8032 Год назад +3

    Bravo for pushing back against the companies that say, "Come pay us thousands of dollars to file an OIC you probably won't get."
    Oh, and did we forget to mention that our fee is not refundable should you not be approved.

    • @LoganAllec
      @LoganAllec  Год назад

      Unfortunately, that’s the name of the game of too many of the tax relief chop shops out there! I have, however, anecdotally heard that some are changing their sales practices for the better and actually walking the prospect through a financial analysis before making the sale.

  • @tamekadavis9051
    @tamekadavis9051 Год назад +2

    Good morning

    • @LoganAllec
      @LoganAllec  Год назад

      Good morning! Happy last day of July!!!!

  • @QueenQMichele
    @QueenQMichele 11 месяцев назад +1

    Does the amount you pay on credit card debt (minimums) count as far as monthly expenses?

    • @LoganAllec
      @LoganAllec  11 месяцев назад +1

      Not typically, no…the IRS’ position is the at credit card minimum payments are included in the miscellaneous allowance within the national standard: “Taxpayers can use the miscellaneous allowance to pay for expenses that exceed the standards, or for other expenses such as credit card payments, bank fees and charges, reading material and school supplies.”
      Source: www.irs.gov/businesses/small-businesses-self-employed/national-standards-food-clothing-and-other-items

  • @HavingCoffieWithMrSatan
    @HavingCoffieWithMrSatan Год назад +1

    Mr Satan reeeeeeee

    • @LoganAllec
      @LoganAllec  Год назад +1

      good morning sir

    • @HavingCoffieWithMrSatan
      @HavingCoffieWithMrSatan Год назад

      @@LoganAllec good morning it’s a little bit past noon here in Ohio. as Ohio is the home of the political immigrant community.