IRS Tax Compromise Program
The IRS Offers in Compromise program provides a chance to settle up with the IRS for a much smaller amount of money.
The Offer in Compromise program allows you to get a fresh start. All back tax liabilities are settled with the amount of the offer. All federal tax liens are released upon IRS acceptance of the Offer and payment.
An IRS tax compromise offer can be filed based on your current inability to pay and your current lack of sufficient equity in assets. Based on complicated formulas using these factors, an Offer amount is determined.
You can compromise all types of IRS taxes, penalties and interest. Even payroll taxes can be compromised. The IRS has dramatically altered its internal procedures on compromises. From accepting approximately 50% of all Offers filed with the average settlement accepted being 14 cents on every dollar owed, the IRS imposed impossible formulas and concepts of dissipation that prevented offers. Recent guidelines opened up the fresh start concept once again. If you qualify for this program, you can save thousands of dollars in taxes, penalties and interest.