IRS-Offer-in-Compromise
An offer is compromise is a method which lets you pay your tax
debt in an amount less than the original amount that you are supposed to pay.
This is the best option for those who are unable to pay the full tax debt amount
or for those who may have serious financial issues if they pay the full tax.
The IRS offer in compromise has been designed taking into consideration vital points such as tax payer’s income, his ability to pay, his monthly expenses and asset equity.
The IRS offer in compromise has been designed taking into consideration vital points such as tax payer’s income, his ability to pay, his monthly expenses and asset equity.
However, you must realize that the offer in compromise is not
given to everyone. It is advisable that you hire a tax professional before you
think of filling for it. Also ensure that you check his/her qualifications
before hiring him. You would never want to go for a tax advisor who himself is
short on information.
IRS offer in compromise - You should also ensure that you are eligible for the offer. The
IRS always sees that you are updated with all your payments till now. If you
are in a bankruptcy proceeding, IRS will not at all consider you eligible for
filing for the offer in compromise. It is better that you go for the Offer in
Compromise Pre-Qualifier for confirming you eligibility.
If you are eligible for getting the offer, then you must
understand the further procedures and rules by visiting the IRS official
website.
More information about IRS offer in compromise,
get it on - www.doggedbyirs.com
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