Do you owe thousands of dollars in outstanding taxes, penalties, and interest? Are you worried that you’ll never be able to get out from under the weight of your tax debts? Take a deep breath. There are tax settlement options available, and you can put an end to your unpaid taxes. An offer in compromise may be the right option for resolving your tax problems.
An offer in compromise enables you to resolve your outstanding tax debt for less than you currently owe. The theory behind this type of tax settlement is that it is better for the IRS to receive payment on some of the debt than none at all, so they are willing to negotiate a lesser amount for a guarantee that you will pay. Typically, offers in compromise are accepted if they represent the most the IRS can expect to collect from you within a reasonable period of time. If the IRS believes you can afford to pay more than the amount presented in the offer in compromise, they are unlikely to accept it.
That’s why it’s crucial to work with a tax resolution specialist when you apply for an offer in compromise. The professionals at Taxation Solutions, Inc. have the experience and the knowledge to ensure your offer in compromise is as strong as possible. Our goal is to expedite and simplify the process so you don’t have to shoulder the burden of your tax problems alone. We’ll guide you through applying for an offer in compromise, negotiate with the IRS, and work to secure the tax settlement you deserve.
To learn more, call our experienced tax team today!