MEET THE CEO

April 2010

Dear Friends,

When the IRS Commissioner speaks, people listen. However, when he breaks the news that the IRS will be "Easing the Rules for Tax Debt Settlements" for the second time in two years - it's unprecedented.

On March 9th, 2010 IRS Commissioner Doug Shulman announced the IRS will indeed be further relaxing their parameters for the Offer in Compromise (OIC), allowing even more Americans from coast to coast who are struggling with tax debt to settle for less than they owe.

What is critical about this latest good faith offering from the IRS is that this represents leniency on top of leniency. Millions took advantage in 2009 when IRS relaxed certain OIC rules for the first time in history. 2009 was a rare window where my staff and I were able to help clients resolve their problems in greater numbers than ever before. Now it seems millions more will be able to take advantage of an even more relaxed OIC in 2010.

Keep in mind this additional IRS offer is no magic bullet. Just as in 2009, those interested in a tax debt reduction still have to qualify for the OIC and the negotiations take 5-8 months. Nevertheless, this new leniency offers a breath of life to Americans in all 50 states who are drowning in back taxes. Uncle Sam is offering something never before seen from the Internal Revenue Service, the silver lining of real compromise.

Take it from one who has settled the tax debts of over 6000 clients, this new leniency has been a game-changer for our customers. This is simply the best time in 50 years to cut a deal with the IRS. At NTR we have always believed that people deserve a second chance. It's good to see the IRS is finally adopting some of this philosophy.

Richard Boggs
Founder and CEO
Nationwide Tax Relief

richardboggs@nationwidetaxrelief.com