E
elvapet
Guest
What is the name of your state? IL
i am considering submitting an offer but as i look over the publication for it and do the numbers, it looks like some of my expenses will exceed the irs limits. i am not living in luxury!
i have been told that the irs will work with people filing an offer, but is it true, will the give you a little more of your own money if you need it?
also, one thing i am not understanding is the equity thing when applied to a car, called an asset. if a person is making payments on a car, they can have no equity in the car until they pay it off and the only way it has cash value is if you sell it. but if a person needs the car to get to work, it is not a luxury car, then they cannot sell it. this car equity thing to me seems like legal fiction.
look at it like this, if a person had 20 credit cards which had a million dollars credit limit, regardless the person is not a millionaire & does not have a million dollars to pay the irs, right?
help....
i am considering submitting an offer but as i look over the publication for it and do the numbers, it looks like some of my expenses will exceed the irs limits. i am not living in luxury!
i have been told that the irs will work with people filing an offer, but is it true, will the give you a little more of your own money if you need it?
also, one thing i am not understanding is the equity thing when applied to a car, called an asset. if a person is making payments on a car, they can have no equity in the car until they pay it off and the only way it has cash value is if you sell it. but if a person needs the car to get to work, it is not a luxury car, then they cannot sell it. this car equity thing to me seems like legal fiction.
look at it like this, if a person had 20 credit cards which had a million dollars credit limit, regardless the person is not a millionaire & does not have a million dollars to pay the irs, right?
help....