How Much Does It Cost to Do an Offer in Compromise? | Flat Fee Tax Service
Updated: Nov 22, 2019
What Does It Cost To Settle With The IRS? Taxpayers have a few tax relief options for resolving federal tax debts. A taxpayer can request a monthly payment plan (#InstallmentAgreement), be declared Currently not Collectible (#CurrentlynotCollectible) or submit an Offer in Compromise (#OfferinCompromise). How do you know which is right for you if you find yourself in this position? Taxpayers have five alternatives for resolving IRS collections activity: setting up an installment agreement, setting up a partial payment installment agreement, submitting an Offer in Compromise, or being declared Currently not Collectible by the IRS.
How Do Our Tax Professionals Know Which Debt Strategy Is Right for a Client? During our free consultation, we will know what will be the "right way to go." Immediately upon becoming a client of Flat Fee Tax Service, our tax professionals prepare a financial statement for our clients based on their unique financial situation to determine which tax debt strategies are best for each. Everything depends on the client’s personal financial situation. We examine the client’s ability to pay. The Offer in Compromise program will more than likely be the right option if a client can't afford to pay his tax debt in full.