Do you owe the IRS?
You’re not alone. Millions of Americans are in the same situation. And while we can’t make it go away, we can help you get back on track with a solution that may be right for you. We offer an Offer in Compromise (OIC) to settle your tax debt for less than what is owed. It could save you money and time, and put an end to collection efforts by the IRS or state taxing authorities.
You can settle your debt with the IRS for less than you owe. This program is good because you might not be able to pay what the IRS wants.
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).
If done correctly, your debt may be settled for 5 to 15 percent of what you presently owe. The key is to determine the minimum amount that the IRS will accept from you before making an offer.
If this sounds like something that might work for you, contact us today! Our team will review your financial information and determine if OIC is a good option for settling your tax debt. We know how difficult it can be to deal with taxes when they pile up; let us help take some of the burdens off of your shoulders so that life doesn’t feel quite as heavy anymore!