Ques for those with OIC experience?

Discussion in 'Credit Talk' started by dg0474, Jan 7, 2005.

  1. dg0474

    dg0474 Member

    I have 2 separate questions...

    * Background: Submitted an OIC to the IRS on Nov. 02, 2004.

    1) I changed jobs and also new home payments, do I contact the IRS and submit a new OIC attachment providing them with updated financial information? Or wait to see what they respond with on the original OIC?


    2) For example, the IRS has collections standards and "limits" based on where you leave, your income, etc as "allowable expenses". If they say for housing and utilities as example per their guidelines $1,005.00, and you're rent/mortgage and utilies total like $1,150.00 (example). Will the IRS use for their calculate the $1,005 allowed expense, or will they allow the $1,150 if you can prove them to be necessary expenses.


    Thanks for any info. Also, if someone can PM me and recommend an Enrolled Agent/prior IRS Employee that they can recommend and you had experience with would be great! So many have those lame ads for "pennies" on the dollar which is bogus, and I have not been able to find a reputable person to speak with and potentially hire.
     

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