Want to know how to finish all your tax debts?
Getting behind on income tax payments is always a very bad idea. Not only will you owe the government money, the government eventually will catch on and hit you with a bill for what you didn’t pay with interest.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. Good thing, IRS consider your unique set of facts and circumstances:
- Ability to pay
- Asset equity
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
Get ready for your taxes and let us teach you more about settle you tax debt.
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