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#1
07-30-2005, 04:21 AM
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 Re: anyone know anything about amending OIC's? <pearlgod[at]aol.com> wrote - quote - > It took me seven months but I managed to negotiate an offer
Generally they are date specific, so no.> in compromise with the IRS by myself. The only thing we were > really haggling over was the value of my home. They used the > county appraisal district valuation. I got it lowered a bit > but not as much as I thought it should be. I signed the > papers, though, with an agreement to make a lump sum payment > in 90 days. A month later, the CAD reappraised my house and > lowered the value by $9000, which, using the IRS's formula, > would have lowered the amount due to them by $2600 - a > substantial amount to me. > You may think I'm crazy, but I sent a letter to the agent in > charge of my case with a copy of the new appraisal. Any > chance they might amend my agreement to a lower amount? If you had won the lottery two months after the OIC was accepted and signed off on, should you pay them more? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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07-30-2005, 04:21 AM
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| Re: anyone know anything about amending OIC's? <pearlgod[at]aol.com> wrote: - quote - > It took me seven months but I managed to negotiate an offer
I would say to you "Don't hold your breath" waiting for this> in compromise with the IRS by myself. The only thing we were > really haggling over was the value of my home. They used the > county appraisal district valuation. I got it lowered a bit > but not as much as I thought it should be. I signed the > papers, though, with an agreement to make a lump sum payment > in 90 days. A month later, the CAD reappraised my house and > lowered the value by $9000, which, using the IRS's formula, > would have lowered the amount due to them by $2600 - a > substantial amount to me. > You may think I'm crazy, but I sent a letter to the agent in > charge of my case with a copy of the new appraisal. Any > chance they might amend my agreement to a lower amount? to happen. I'll bet they won't do it. Wayne Brasch << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
07-28-2005, 01:20 PM
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| anyone know anything about amending OIC's? It took me seven months but I managed to negotiate an offer in compromise with the IRS by myself. The only thing we were really haggling over was the value of my home. They used the county appraisal district valuation. I got it lowered a bit but not as much as I thought it should be. I signed the papers, though, with an agreement to make a lump sum payment in 90 days. A month later, the CAD reappraised my house and lowered the value by $9000, which, using the IRS's formula, would have lowered the amount due to them by $2600 - a substantial amount to me. You may think I'm crazy, but I sent a letter to the agent in charge of my case with a copy of the new appraisal. Any chance they might amend my agreement to a lower amount? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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| amending, oic |
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