Mr. Everythang @PlottimirP

You owe the IRS $100,000 They'll take $5,000 and close your file. Permanently. Balance goes to $0 It's called an Offer in Compromise. Form 656. The IRS approved 42% of them last year. Application fee: $205 Here's the exact formula they use to decide your number and how to reverse-engineer the lowest possible offer The IRS doesn't want to chase you for 10 years. Collection employs 78,000 people. Each agent costs the agency $89,000/year in salary and overhead. Liens require court filings. Levies require processing. Garnishments require administration. They'd rather take your $5,000 check today than spend $120,000 in administrative costs over a decade trying to squeeze $100,000 out of someone who will never have it They literally built a math formula to calculate the minimum they'll accept. Here it is: RCP = (monthly disposable income x remaining collection months) + (net realizable equity in assets) Monthly disposable income: your gross monthly income minus IRS-allowed living expenses. They don't use YOUR actual expenses. They use standardized tables published at the irs website standards. These tables set exact allowances by county for housing, food, transportation, healthcare, and out-of-pocket expenses If you earn $4,200/month and the IRS allowable expense table for your county totals $3,900, your disposable income is $300/month. If you earn $3,800/month and the table allows $3,900, your disposable income is negative and the IRS considers it $0 Remaining collection months: for a lump sum offer (paid in 5 months or less), multiply disposable income by 12. For a periodic payment offer (paid over 6-24 months), multiply by 24. The lump sum multiplier is lower, which means a lump sum offer will always be cheaper than a payment plan offer. Always choose lump sum if you can Net realizable equity in assets: bank accounts, investments, vehicles, real property. BUT they subtract allowances. Your primary car: exempt up to the IRS local standard (roughly $6,000-$10,000 in equity depending on area). Household furnishings: fully exempt. Retirement accounts: partially exempt and heavily discounted (the IRS applies a "quick sale value" of 60-80% of actual value because they know selling retirement accounts triggers penalties) Real calculation: Income: $4,200/month IRS allowed expenses: $3,900/month Disposable income: $300/month Lump sum multiplier: 12 months $300 x 12 = $3,600 Assets: Bank account: $2,100 Car equity: $4,800 (below IRS exemption, counts as $0) 401k: $18,000 (quick sale value at 60% = $10,800, minus 10% early withdrawal penalty = $9,720, minus taxes at 22% = $7,582) Household goods: exempt But here's the part most people don't know: you can CHOOSE to exclude retirement accounts from the RCP calculation by checking a specific box on Form 433-A (OIC). The IRS has an internal policy (IRM 5.8.5.24) that allows exclusion of retirement assets for taxpayers under age 65 if liquidating those assets would cause economic hardship. Your tax preparer should know this. Most don't Revised RCP without retirement: $3,600 + $2,100 = $5,700 Your offer: $5,700 on $100,000 in tax debt. 5.7 cents on the dollar The nuclear part: While the OIC is being reviewed (6-24 months), ALL collection activity legally stops. No levies. No new liens. No wage garnishment. The IRS cannot collect a single dollar from you while your offer is pending. This is codified in IRC Section 6331(k)(1) And if the IRS fails to make a determination within 24 months of receiving your application, your offer is AUTOMATICALLY ACCEPTED. Two years of silence = you win by default. IRC Section 7122(f). They built an auto-accept clause into the law that most taxpayers never invoke because most taxpayers never file an OIC The forms you need: Form 433-A (OIC): complete financial disclosure for individuals. Every bank account, every asset, every income source, every expense. 8 pages. Fill it out accurately because they cross-reference against IRS records, DMV records, and financial institution reports. Lying on this form is a federal crime under 18 U.S.C. 1001 Form 656: the actual offer. Your amount, your payment terms, your signature $205 application fee (waived if income is below 250% of federal poverty level, which is $38,100 for a single person in 2026) Initial payment with the application: 20% of your offer for lump sum. On a $5,700 offer that's $1,140 A woman owed $213,000 across 4 tax years (2019-2022). Hadn't filed 2020 or 2021. Hadn't paid any of them. Receiving CP504 notices (intent to levy) every month. We filed the delinquent returns first (required before OIC submission), then calculated her RCP at $8,400. Submitted OIC with $1,680 initial payment IRS accepted 9 months later. $213,000 settled for $8,400. 3.9 cents on the dollar She went from getting levy notices every month to a $0 IRS balance. Then we fixed her credit (the tax lien had destroyed it). Then we stacked $120K in 0% business funding. She opened a cleaning company 4 months later. The same IRS that was garnishing her wages is now processing her quarterly estimated tax payments from a profitable business the IRS is the scariest creditor in America. they can garnish without a court order. seize your bank account with 30 days notice. lien every asset you own. but they also built a form where they calculate the minimum they'll accept using a formula you can reverse-engineer, and if they don't respond in 2 years your offer is automatically approved. the math is public. the formula is published. the form costs $205. the difference between paying $100K and paying $5K is knowing it exists lol (we fix credit and build capital stacks. if you owe back taxes, handle that first. then we get you funded. link in bio)

I don’t like a lot of the shit yall be doing or saying but that ain’t my mfkn business, so i don’t say shit. That’s the difference.

LeBron finna shock the world n become QB for the Akron Zips

Already done! 👍

Symoné B. Beez @SymoneBeez

4 days ago

I know yal don’t like Trump but don’t turn down a free $1,000 for your kids future.

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Bron to the Twolves

If you wanna learn to sell softwares you should follow accounts like this and replicate everything he does! Building SaaS is cheap. The content and sales is what matters now.

Joma Tech @jomatech

4 days ago

I'm building an app to make $10,000/Month and I'll record everything... I want to document my WHOLE journey building an app, marketing it, and making money off of it. Is it really that easy? How hard is it? I've been seeing so many X users online talking about how easy it is to

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You’re going to see a wave of agentic identity security and AI security roles over the rest of the year. Learn SPIFFE/SPIRE and MCP authentication and get in where you fit in

I spent my whole weekend working on this. So here are 500 email templates for your next job applications, broken down by roles Plus: • A “before you send” checklist • What NOT to do (with real examples) • The formula behind every subject line and opener • Industry-specific numbers to plug into your CV This is the thing nobody is giving away for free but I am 💗 You’re welcome 💗 drive.google.com/file/d/1nazfpY…

a guy who pauses his purpose for a woman ends up losing both.

. @99hyce

7 days ago

a hill you’re willing to d!e on?

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Be child-like with your imagination... it's all possible

NVIDIA was $10 in 2022. Palantir was $8 in 2023. Both went up 20x times. While everyone’s buying the same popular tech stocks… There are 5 companies that nobody talks about, but could hit similar returns as NVIDIA & Palantir. Here's what they are:🧵

Time to think on this. It sucks to see him go. He was supposed to win it all with our young squad, but Naz's story isn't like anyone else's and should be celebrated. Naz isn't KAT. Naz wasn't selected #1 overall. He wasn't a lottery pick. He was UNDRAFTED. This kid comes to the Wolves with zero expectations, and worked on his game to the highest extent and became an icon. Not to mention, one of the nicest dudes in the world, if you've ever spoken to him. Signed two extensions that he truly didn't need to sign, and stayed in a state a lot of people don't think twice about spending time in. I for one, am sad as anyone about him leaving. But man, seeing him thrive on another team getting full-time minutes, with likely the MOST Playoff experience of anyone on Charlotte... it'll be an experience that I will be watching over the years. Naz Reid has a fan in me for life.

Hornets Lead @HornetsLead

a week ago

Lost in all of this, Naz Reid will quickly be a fan favorite here in Charlotte. 🤩

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Whose fucking permission are you waiting for? Go do your thing. You're going to die

GOD WOULD NOT PLANT A DREAM IN A MAN INCAPABLE OF REACHING IT.

I wish Black Men could experience love in its truest form without having to pay for it.

Let Future do the Super Bowl

Kalshi Music @Kalshi_Music

a week ago

NEW: Future announces release date for new album 'THE REAL ME' 6% chance he performs at World Cup halftime show

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Ion wanna hear whatever reasons carti got for not wanting to clear this Dude dressing suggestively and suckin on a jewelry sucker but got the nerve to wanna uphold “morals” Dude bogus

@BeenRichSport It’s all fun and games until they go get a Draymond Green to lead and align them….

Like let’s be fr 😂

˗ˏˋ 1 ˎˊ˗ @StepbackAe

a week ago

LaMelo Ball Playmaking

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