Myles Haverluck Highlights Best Ways To Negotiate IRS Tax Debt

Besides tax deductions, clients often request recommendations about IRS debt from Myles Haverluck tax and finance expert. According to Haverluck, the key to a bottom dollar tax settlement with the IRS is proving you have little to no disposable income to pay off the debt, but this is more challenging than it seems.

Any type of bottom dollar tax settlement that is advantageous to the taxpayer will include a review of the taxpayer’s financial status. As pointed out by Myles Haverluck tax debt settlement hinges on the taxpayer having very little disposable income, as well as saleable liquid assets to pay off back debt. Taxpayers can choose between two effective tax settlement methods;

1. Hardship Status; hardship status sounds straightforward, yet the IRS has their own national guidelines to meet, that is way below what most people would imagine. You would think simply gathering documents such as monthly income and bills will portray a debt-ridden individual, however, IRS has their own definitions.

When seeking a hardship status, taxpayers are really delaying any collection actions. The IRS will place your case in an “uncollectible status” and will perform checks on the case every six to nine months. After a certain period of time, the statute of limitations will clear your responsibility for the debt. Taxpayers must qualify for hardship status.

2. The second method of obtaining a bottom-dollar tax settlement is by seeking an Offer and Compromise. Obtaining an IRS tax settlement using this method uses some of the same guidelines as a hardship status; however, the process is more invasive. Seeking an offer and compromise is one of the best techniques for an IRS tax debt settlement. Taxpayers often pay about one-fourth of the tax debt owed and the new amount is payable within twelve to twenty-four months, if approved.

But as Myles Haverluck points out, any taxpayer negotiating an IRS debt settlement on his or her own behalf is making the wrong decision. Consultation with a tax expert is a must, and should always be the first step before providing any details to the IRS

How The Law Remedies Wrongful Prosecution

There are several instances when people are convicted for crimes that they never committed. In this instance, the convicted person either gets penalized wrongfully, or loses productivity and credibility in the eyes of the society. The law still has a remedy for such a happening.

Reasons Why a Conviction Loses Validity

court lawThere are several reasons that make a conviction lose validity. These reasons usually overturn the prevailing court verdict, and the convicted person gets back his freedom. Such a person should always seek a legal redress on the wrongful application of justice.

Change of Evidence

Sometimes a plaintiff can decide to say the truth after a court has already announced its verdict on the defendant. Such an occurrence annuls the prevailing verdict, and the victim goes free. Guilt or a follow up from the attorney on the side of the defendant can compel a plaintiff to eventually say the truth.

Material Evidence

There is always a high probability of new evidence coming up after a court announces its verdict and the defendant starts to serve a sentence. Such evidence alters the prevailing verdict, and the victim sometimes gets freed from incarceration. Subsequently, the victim has a right to seek for compensation for wrongful conviction.

Consequences that Arise from Wrongful Conviction

When one is convicted in a court, it becomes impossible to retain the same level of reputation that one had prior to the sentence. Sometimes it also gets impossible to get a job, or operate one’s business as usual. Importantly, there is a self altering feeling that overcomes a person such as mental anguish and embarrassment, which affects the normal way of life. Productively, one also loses since a lot of time and resources get spent in the court.

Damages for Libel or Slander

When a person seeks justice for loss of reputation or credibility, the victim can sue for defamation. One can opt to sue for libel or slander depending on the nature of the case. Under such circumstances, one can get damages for the loss of productivity, reputation, and inability to seek new employment opportunities.

Damages for Malicious Prosecution

One can also sue in regard to a tort of malicious prosecution. Under this case, a plaintiff compensates the victim in form of financial payment. The case becomes a civil case where the plaintiff becomes civilly liable for suing the victim maliciously.


Many things have to take place in order to convince the Law courts that a conviction was not fair. The regulation gives people another chance to claim innocence, but they must produce material evidence that proves the conviction wrong. Additionally, one has to know the right party to sue since it is possible to fail in a case that draws in an inappropriate party.