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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 do not agree with what they actually owe in taxes initially, 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 and all federal tax liens are released, upon IRS acceptance of an Offer in Compromise and payment of the amount offered. An offer filed, based on the taxpayers 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 and 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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"When I first came to IRS Problem Solvers, my debt with the IRS was over $100,000. By the time everything was completed, I paid nothing." - Nancy