HI, I live in WA and currently own the IRS about $80k including all the penalties and interest on back taxes from 04/05/06/07.
I am on a new payment plan with them for $300 a month which was obtained after sending them all financials, bank statement etc. I was helped in this by an attorney who I am no longer being represented by.
I am newly married. My wife makes an ok wage but I am a realtor and make hardly anything at the moment. The future of real estate looks bleak for the next 3 years at least and so funds have been real tight around our house especially since I'm supporting a kid from my previous marriage.
My broker, who is a friend of mine, is willing to lend me $30k if it will make the IRS go away. He won't lend it to me otherwise as he wants to know that he is the only major debt i would have.
My question is, how do i propose to the IRS taking this loan for payment in full? I don't have the 20% needed to file an offer in compromise and fall above the income guidelines for a 656-A. Should I just call them up and say "hey, I have this loan available, want to make a deal?"
While I was talking with the local IRS agent about the payment plan I had mentioned offer in compromise and she said I wouldn't qualify. But this is 30K not 3k. Don't you think they'd want it? I'd have to imagine that a good portion of the 80K is penalties at this point anyway.
Any help is much appreciated.
Thanks What is the name of your state (Washington)?
I am on a new payment plan with them for $300 a month which was obtained after sending them all financials, bank statement etc. I was helped in this by an attorney who I am no longer being represented by.
I am newly married. My wife makes an ok wage but I am a realtor and make hardly anything at the moment. The future of real estate looks bleak for the next 3 years at least and so funds have been real tight around our house especially since I'm supporting a kid from my previous marriage.
My broker, who is a friend of mine, is willing to lend me $30k if it will make the IRS go away. He won't lend it to me otherwise as he wants to know that he is the only major debt i would have.
My question is, how do i propose to the IRS taking this loan for payment in full? I don't have the 20% needed to file an offer in compromise and fall above the income guidelines for a 656-A. Should I just call them up and say "hey, I have this loan available, want to make a deal?"
While I was talking with the local IRS agent about the payment plan I had mentioned offer in compromise and she said I wouldn't qualify. But this is 30K not 3k. Don't you think they'd want it? I'd have to imagine that a good portion of the 80K is penalties at this point anyway.
Any help is much appreciated.
Thanks What is the name of your state (Washington)?