I love the furniture in the WSH catalog but can’t really afford it. I know that i could find it in North Carolina…at a discount…if i just knew which company actually made the furniture for WSH (specifically the Baxter Dining Chair). Knowingly paying the retail mark up just irks me.
Williams Sonoma imports furnture and so they have many manufacturers…
as for the Baxter chair, it’s possible it’s designed and manufactured by Hillsdale Furniture
http://www.hillsdalefurniture.com/
Curtis Stone [part 1 of 8](Williams-Sonoma in Rancho Cucamonga,CA ) April 18,2009
How do I make submit a lump sum offer to the IRS to settle my back taxes?
Want to make offer to settle as easily as possible in a fair manner from taxes that were not paid during a period I became ill. The IRS has no mercy.
An Offer in Compromise is a settlement with IRS where you pay less than 100 cents for every dollar you owe and IRS forgives the rest. It will do this if it determines you are offering as much or more as it could collect from you through monthly payments or seizing your property. In most cases mercy is not a consideration, just your ability to pay.
The amount you have to pay is, to use the IRS jargon, is “an amount that represents the reasonable collection potential of the account.” This is a lump sum equal to what you could get from the equity in all your assets if they were sold at a quick sale, generally 80% plus 48 times what you could pay monthly on an installment agreement.
For example, if you had a car worth $10,000 and owed $5,000 on it and nothing else and IRS said you could make payments to IRS of $100 per month you would have to offer a lump sum of 80% of the $10,000 minus the $5,000 owed = $3,000 PLUS 48 times $100 = $4,800 for a total of $7,800 on whatever you actually owed. Your Own affairs are likely to be more complicated.
I am an enrolled agent, licensed by the US Treasury Department who specializes in taxpayers who have large unpaid tax bills and prepare these for clients. You do not have to have a representative but the process can be pretty intimidating if you haven’t had any experience. You would pay professional fees to a representative to provide this. That decision is up to you.
I got an offer for a client who owed a quarter million dollar liability accepted at 1 cent on the dollar. Many other clients have not qualified. The average nationwide for accepted offers is closer to about 17 cents on the dollar. On a case by case basis, this figure is meaningless. Your case might also dictate an entirely different approach including getting the whole account put on ice for a few years or filing for bankruptcy or actually paying it in full over several years.
If you want to hire a professional representative–enrolled agent, CPA or attorney–stay away from the ones that advertise on cable TV. Their fees can be heart stopping. Mine are less than half of what the “As Seen on TV” firms charge. The best representative in these cases is an enrolled agent with a collection background. If you want additional information outside this forum, you can email me through my profile.
Jimmy Helms “I’m Gonna Make You An Offer You Can’t Refuse”
