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The IRS Offers in Compromise program provides
taxpayers who owe the IRS more than they could ever afford, a chance to pay
a small amount as a full and final settlement. This program also offers
taxpayers who don't agree that they actually owe the taxes in the first
place a chance to file an Offer in Compromise and have those tax
liabilities reconsidered.
The Offer in Compromise program allows taxpayers to get a
fresh start. All back tax liabilities are settled with the amount of the
offer. All federal tax liens are released upon IRS acceptance of an Offer in
Compromise and payment of the amount offered.
An Offer is filed based on the taxpayer's inability to pay.
The
IRS looks at the taxpayer's current financial position and considers their
ability to pay as well as their equity in assets. Based on these factors, an
Offer amount is determined.
Taxpayers can compromise all types of IRS taxes, penalties
and interest. Even payroll taxes can be compromised. If you qualify for this program you can save
thousands of dollars in taxes, penalties and interest.
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