Tax Settlement | Offer in Compromise | Flat Fee Tax Service
Updated: Nov 22, 2019
Settle Your Back Taxes for a Fraction of What You Owe - Tax Settlement Evaluation Waiting! Stop IRS Collections Now.
It is true is that the IRS has a program that allows taxpayers to settle their tax debts for less than the amount they owe. The formal name for this tax debt settlement program is the IRS Offer in Compromise. The reason is simple: The IRS wants to do two (2) things. The IRS wants to collect as much money as they can and close cases. From the IRS perspective, most taxpayers can afford to pay their taxes with their current assets or over time or with a payment plan — so those people wouldn’t qualify for an Offer in Compromise (OIC). Most taxpayers pay their taxes on monthly payment plans.
The Offer in Compromise program is geared toward a narrow segment of taxpayers — people who will never be able to pay all of the debt with their future income or assets before the IRS runs out of time to collect it (generally, 10 years from the date the tax was assessed). For most people, there are IRS alternatives to the Offer in Compromise.
YOU DON'T NEED TO BE DESTITUTE. YOU NEED TO HAVE "NO EXCESS CASH" AFTER PAYING YOUR "ALLOWABLE EXPENSES."