Offer In Compromise
Did you know that you can settle your debt with the IRS for just pennies
on the dollar with their Offer in Compromise program? The program allows
taxpayers to settle with the IRS on tax debt that has been incorrectly
assessed or for liabilities they cannot afford to pay.
The IRS Code states: "We will accept an Offer in Compromise when it is
unlikely that we can collect the full amount owed and the amount you
offer reasonably reflects the collection potential..." (Internal Revenue
Code section 7122).
Often it is possible to fully and completely eliminate the taxes you owe
- including all penalties and interest - at an enormous discount. There
is no preset bottom limit that the IRS will accept to settle your debt
especially if your offer is done "right."
done correctly your debt may be settled for only 5-15% of what you
presently owe. The key is to determine the least amount that the IRS
will accept from you before you make the offer.
Get a Free Consultation on the solutions to your tax problems by
completing the form on the bottom of this page.