"Carla" wrote:

- quote -

You have good instincts.

Current guidelines for evaluating offers are in Chapter 8 of Part 5 of the
Internal Revenue Manual:

http://www.irs.gov/irm/part5/index.html

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I am looking for reliable information on tax debt relief programs,
resources, etc. I have a feeling alot of these companies that
advertise are scams, and that it's not quite as easy to "settle for
less" as they make it seem.

I researched offers in compromise a few years ago and came up with the
impression that if you had assets and were still in business you
basically wouldn't qualify because you had earning potential to repay
- even at a low rate per month, or because they could lien your land
or something.

Things may have changed or may be changing because of the bailout,
etc. I'd like a legitimate trustworthy source of information.

Thanks for any assistance.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >