IRS Offer In Compromise TIPS AND HELP

The IRS Offer in Compromise tips and help that follow will help you determine if you qualify for the IRS Offer in Compromise program. Basically, if your IRS tax debt is greater than what you can realistically afford to pay, then you will probably qualify for the IRS Offer in Compromise program. Depending on your particular situation, an IRS Offer in Compromise may even settle your IRS debt for literally 'pennies on the dollar.'

The IRS Offer in Compromise program is not new, but few people are aware that it exists because the IRS doesn't have much interest in promoting it. The concept behind the IRS Offer in Compromise is that if a person can prove (following proper IRS guidelines) that the full amount of the debt they owe will probably never be collectable, then the IRS is willing to settle for a lesser amount rather than try to chase that person around for several years and still not get anything out of them. If your IRS Offer in Compromise is accepted and you pay the agreed-upon amount, your past due tax liability will be totally eliminated and you will then have a clean slate with the IRS.

However, an IRS Offer in Compromise is not an amnesty program, nor is it a simple procedure. To have your IRS Offer in Compromise successfully accepted, you need to prove to the IRS that it is in their best interest to settle your debt for a reduced amount. Essentially, you must show "what's in it for them." And in order to do this, you must follow their procedures and guidelines to create a FORMAL WRITTEN REQUEST for relief.

The Taxpayer Advocate has helped thousands of taxpayers get relief through the IRS Offer in Compromise program. Because we specialize exclusively in tax resolution, we are experts in what must be done to complete a successful IRS Offer in Compromise. 

For more IRS Offer in Compromise tips and help, or to find out if you qualify for the IRS Offer in Compromise program, call us at (888) 282-4697 or CLICK HERE.