IRS Offer In Compromise Settlement Plan
IRS Offer In Compromise
Do you owe the IRS and you cannot afford to pay the full amount? Do you need an IRS tax attorney? The good news is you may qualify for the Offer in Compromise program to settle your debt for much less than what you owe. At Community Tax Relief, we never advise any taxpayer to submit and negotiate an offer in compromise on their own. Community Tax Relief has extensive experience in negotiating Offers in Compromise for our Clients, resulting in substantial tax savings and IRS tax help.
IRS Tax Debt Compromise
An Offer in Compromise is an agreement between the taxpayer and the IRS, in which the taxpayer offers as much as they can immediately, and in return the IRS agrees to release the liability in whole. The IRS had the authority to “compromise” or settle tax liabilities, under certain financial circumstances. The most common circumstance is when it is unlikely the taxpayer will ever be able to pay the liability in full, and the amount offered reflects what the taxpayer can realistically afford to pay right now.
Point To Consider - Offer In Compromise
The Offer in Compromise is a win-win situation for all involved – the taxpayer and the IRS. The taxpayer can finally breathe a sigh of relief knowing their tax debt and lien has been taken care of. The IRS can find relief in knowing, in more cases than not, they collected more on the debt with an Offer in Compromise than they would have without it. Also, the taxpayer is more likely to stay in compliance when it comes to filing and paying future taxes as part of the condition of the Offer in Compromise agreement.
The Offer in Compromise program is very complex and time-consuming, sometimes taking as little as six months and other times as much as two years to settle tax debt. Results are not the same for all taxpayers, but you can be assured that you can face the IRS with confidence when you have our Tax Team on your side.
Contact us TODAY and Take the First Step towards getting peace of mind. Resolve Tax Liabilities quickly and efficiently with Community Tax Relief and their team of professionals.
