1/26/2011 8:19 AM (PST)

Victor,

We suggest you seek the advice of an IRS enrolled agent, CPA, or a tax attorney. You may also consult with the IRS to determine if you would qualify to file for an "offer in compromise", or some other type of payment arrangement. To learn about the IRS’s rules for an offer in compromise, visit www.irs.gov. There's information on the site about this program and there's a form you can complete to see if you're eligible.

I couldn't say what your prospects are for a great deal on a tax settlement or abatement. If the IRS were overly generous with these, no one would ever voluntarily pay their taxes. In other words, no one can accurately predict whether or not the IRS will agree to an offer in compromise and if they do, what they'll settle for. The IRS doesn't release their algorithm to the public nor do they give it to practitioners.

Companies offering tax debt settlement have become a big thing in recent years. In general, the BBB experience with these companies has been that they over promise and under deliver.

You can search through the BBB's Accredited Business Directory for a reliable tax attorney here:

http://www.bbb.org/us/bbb-accredited-businesses/

Good luck, tax debt is a scary thing to deal with.

1/26/2011 9:22 AM (PST)

thank you,very much for the advise.