Category Archives: Asset Valuing

Manipulating your Income, Assets and Expenses to improve your OIC.

Improving your financial picture for a better resolution. You never want to lie to the IRS. When it comes to Tax Resolution there are things that you can do to improve your financial position. The three things that the IRS … Continue reading

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Tim’s expenses were to low to Qualify for a OIC, the first time.

Seems like everywhere I go I run into people who have or had a tax problem. Recently, while playing golf, I met brothers John and Tim. John is 66, a retired school teacher and widower. Tim is 56, a custom cabinet-maker and single. … Continue reading

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Asset Value – Will I have to sell my 1989 RV worth $5000?

I have a 1989 fifth wheel RV. It’s old but in real good shape. I’m trying to get a Partial Payment Agreement with the IRS. I bought this RV about five years ago for $5000. How do I put a … Continue reading

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Asset Valuing on the 433A – It’s just an old car.

Again I’m surprised at how some mens egos about their cars. This is Tax Debt not some auction where you think your car will fetch a lot of money. When filling out a financial statement for the IRS you don’t … Continue reading

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OIC and Asset Values

Rick & Mary are working on their OIC. The question had to do with two items and the asset values they would assign to each. The first item was a coin collection. The face value of the coins was $212.00. … Continue reading

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When do I need a Lawyer for tax debt?

The IRS claims that all of their installment agreement applications are designed for the average person to complete. While that might be so, there are circumstances where using a third-party, such as a Lawyer, is necessary. The IRS Agent’s goal is … Continue reading

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Tax Debt and Asset Valuing

What’s my stuff really worth From the emails I receive I’m going to guess that there will be many questions about a “Asset Valuing”. Some of the different installment agreements require a financial statement like a 433a or 433b. Within … Continue reading

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Asset Values of an Inherited Car, what’s the proper value?

Valuing a car A couple of years ago David’s Dad died. David’s Dad had a 1964 MG for fun, nothing special about it. After Dad died, Mon wanted David to have it. According to David the car is worth about … Continue reading

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