I watched a TV commercial that said the IRS was willing to settle for pennies on the dollar, so I paid a company $7500 to reduce the $87000 I owed the IRS to $5000. Mathematically it seemed like a “no brainer.” Fourteen months later I was levied by the IRS as the company I gave the money to never filed my application with the IRS. I ended up losing $7500! I finally called JG Tax Group and they explained that an Offer in Compromise would not work in my case. They got me into a low monthly payment plan with the IRS and filed for a penalty reduction which saved me $8000. All this for way less than $7500.
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