While we cannot comment on the charges of other companies, we can say that the end value received by Millennia customers far over-shadow the costs. When obtaining legal professional services cost is only a portion of what you should consider and it should never be your only deciding factor. Tax issues are serious issues! They can effect you for many years and cost you 10's of thousands of dollars if not handled correctly. A large part of our business comes from clients that have already spent sizable amounts of money only to find out that the company they were working with fell short on performance. Most of the time shopping for the lowest price tax professionals ends up costing you much more in the long run. We like to get the job done right....the first time!

If your account has been levied, the payments and credits received or that have been applied to your original tax debt before the Offer in Compromise will not get returned to you.

If you have an existing Installment Agreement and then get qualified for an Offer in Compromise, what happens?

The two are handled seperately until agreed upon differently. So if you have an installment agreement you will continue to pay that agreement as agreed upon originally. If you do qualify for an Offer In Compromise it is possible that we can petition the IRS to reduce the payments or potentially stop the payments.

The basic answer is just about anything of value can be seized. 

This includes:

Real estate property

Salary and wages

Bank accounts

Retirement accounts including IRAs, 401Ks, pension plans, and social security Alimony

Licenses and franchising rights

Intellectual property including any copyrights or patents

Royalties

Assets in court custody

Inheritance proceeds

Luxury items. etc. 

They IRS cannot take child support or unemployment benefits.

Maybe I should wait to solve my tax debt. Maybe the IRS will forget about it.

Your tax debt will not disappear or miraculously be forgotten. There may be times when you do not hear from the IRS but that does not mean they are not fully aware of the debt owed. The best suggestion we can make is to be proactive in addressing the issues. Do not wait until you receive a Notice of Intent to Levy from the IRS to take action. In most cases, inaction is the main cause for IRS issues escalating. Waiting only leads to more penalties and interest increasing your liability. Waiting costs you money, time and unwarranted stress.

Once you get a notice from the IRS, they will take action.