This will not be a big deal for most (if not all) of you…and the amounts are by no means astounding…but I just had my first OIC approved!
The OIC covered several years of penalties/interest and very little actual tax remaining on the account totaling around $25,000. These are the clients you just WANT to have a win…they are doing all the right things and just lost everything in the 2008/2009 downturn. Lived on credit cards and SE income, just making ends meet. I’m so happy to see this one finalize after a year of discussions, IRS agent conversations, and more.