- FACT ONE:
- Last year the IRS cancelled 3.89 million penalties, saving taxpayers
$3.62 billion.
- FACT TWO:
- When properly challenged, the IRS cancels 60 cents of every dollar
assessed in employment tax penalties.
- FACT THREE:
- There are four IRS approved programs of tax debt forgiveness.
- FACT FOUR:
- In 1993 the IRS settled for just 14.8 cents on the dollar when a proper
request was made for tax debt forgiveness.
- FACT FIVE:
- By asserting the right to a correspondence audit, the average tax audit
bill was reduced by as much as 58%.
- FACT SIX:
- Last year, 2.5 million citizens won installment agreements, thus avoiding
wage and bank levies and property seizures.
- FACT SEVEN:
- IRS auditors have NO POWER to change your
tax liability without YOUR approval.
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