We'll help you find the right solution for your needs
Does this sound like your topic?
A collector from the California State Board of Equalization asked me to file an Offer in Compromise or else they would send me to collection. (?)
* I filled out the F656 form and realized I should have filled out the BOE490 form.
I want to know the difference in term of approval process and difficulty of an approval between the IRS OIC and the BOE OIC as I have been researching IRS OIC. Thank you.
Background as mentioned in another post:
- Was told by a lawyer all debts would be cleared if I would file for bankruptcy
- Filed for bankruptcy
- Borrowed money from relative hoping to start over
- Bank levied by BOE 2012 (about $2,000)
- Bank levied again in 2013 (another $2,000)"Generally, we approve an Offer in Compromise when the amount offered represents the most we can expect to collect within a reasonable period of time." When I use the F656 form, I have a negative amount. Since I'm unemployed with no income (no unemployment benefit) with no assets except for the 2 vehicles that worth about $2,000 total, what is a good amount to offer?