Diff between IRS "settlement" and Paid Tax Lien?
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Posted by beatIRS
(205.188.209.12) on November 25, 2002 at 19:22:28:
Many thanks to why chat and all the other great advice I rec'd thus far on this wonderful site. Probably could have saved myself 10 years of hell!!! 1. I don't have the energy to re-live my 10 year fight with the IRS, but After 10 years of narrowing the gap between what they said I owed (over $100,000+) and I what I said I owed (zero), I made an "Offer-In-Compromise" in August of 2000 of $5000! just to settle the #@!*&^% matter! 2. It took the IRS until March of 2001 to finally get back to me and accept, which I have a letter of verification. However, it STILL took them until Sept/ Oct-2001 to actually remove the lien releases. Question: Does the IRS "acceptance" of an Offer-In-Compromise" carry less negative weight on my credit report than simply a notation of a paid tax lien for a signicantly larger amount???
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