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Tax Consultant

Day 11 of the “Tax Commandments” What you thought there would only be 10😂 11. Thou shall not in most cases believe you can have your tax debt settled for “Pennies on the Dollar”! Especially if you’re still employable, kinda healthy, less than 55 years old, own real property, married to someone with assets etc. The conditions to get an offer considered and accepted has changed considerably over the last 10-15 years. You can thank those commercials that led to so many bullshit offers being submitted. These firms in many cases collect a retainer (sure you can make payments), gather your financial information, submit an offer that has “no chance in hell of being accepted”! Then in certain cases offer you the “installment agreement” option (more fees) and you could have done it yourself. IRS has at minimum 10 years to collect, California (income tax) at minimum 20 years. Oh and an installment agreement tolls the statute of limitations on collecting. If you’ve got assets or potential they will wait your ass out, seizing, placing liens and levies on anything they think is yours. Of course or wait for you to marry someone that foolishly puts your name on joint property. Sure it can happen, settling for “pennies on dollar”, but probably not for you! Put those fees towards your tax debt if you more than likely won’t qualify. “Tax Moses”

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