Hello everyone!  If you have been following my progress with the IRS Offer In Compromise, then here is great news!  I have reached the final steps in this whole awful process!  I mailed in the $100 payment a few weeks ago that I had offered as my final payment to get the OIC.  I called the IRS to confirm they received payment.  They did and they released my 2 federal tax liens on 2/1/2010!  Yeay!!!  My tax balance is officially zero!

Thank goodness because I swear, once you get under the belly of the IRS… the fees and interest make it impossible to get out from under them.  It’s like the student loan that you can never escape.

This couldn’t have happened at a better time.  With my husband and I buying our first home, I never could have been on the deed with those tax liens.  That really would have bothered me.

Please know, I do believe in paying your taxes.  It makes the world go ’round.  I have been paying my taxes on time and in full for many years.  One bad year a long time ago can screw everything up for you and it can seem like there is no way out.  So, I am grateful for the immense help I just received from the IRS.

Now I am waiting for the letter of lien release.  Then the final step will be to get the liens updated on my credit to show released.  I’m not sure just yet if they can be removed completely, but I will work on that.

Tags: IRS Offer in Compromise, IRS tax lien, OIC, tax debt, tax help, tax relief, tax settlement

This entry was posted on Wednesday, February 3rd, 2010 at 11:24 am and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.