The $1 settlement I won from the IRS sure sounds great but it’s not without strings! When you make payment arrangements of any kind with the IRS to satisfy a back tax debt, you are in a contract with the IRS. I’ve said many times that I found the IRS easy to work with; they really are all about business, dollars and cents. So when you have a contract with them, it’s expected, that like any contract, you uphold the terms to the letter!
Under my contract, I am required to work with an IRS examiner who is in charge of my case. Yes, she’s a bit like my “IRS parole officer”! I will need to work with her for the next five tax years to be sure my tax returns are fully compliant. To hold up my end of the deal, I did my taxes, saw that I owe tax, and called the examiner assigned to me. Her name is Laura and like her colleagues, she’s been very easy to work with! I called her and we talked about my return. I asked if it would be possible to pay the tax I owe using a 120-day payment plan the IRS now offers. Laura told me to go ahead and file, that my return would be sent to her automatically. She told me she would send me a letter when she’s reviewed my return and that I am to call her when I receive that letter. We’ll work out payment arrangements at that time. She told me it would likely be about July or so when I will hear from her.
Working with Laura has put me at ease that being compliant with the terms of my IRS settlement will be painless and stress-free! Working directly with the IRS has been a positive experience for me. It’s not been necessary to pay for a professional’s services to get what I am confident have been the best possible results I could have hoped for! I’m hoping the best for you, too!