An Offer in Compromise is a negotiated agreement between a taxpayer and the Internal Revenue Service (IRS) that allows the taxpayer to settle the taxpayer's liabilities for less than the full amount owed. There are several reasons the IRS will accept such a compromise. These are noted below:
See how tax relief can help you. Answer a few, simple questions to get a free tax relief consultation - at no cost to you.
- There is doubt that the amount of tax liability assessed is correct. There are several reasons doubt may exist: Among them, the tax examiner may have been incorrect in interpreting the law; the tax examiner did not consider the taxpayer's evidence or; there is new evidence available from the taxpayer.
IRS collection, enforcement measures, and taxpayer remedies are based on federal law. That is why it's vital that you have a team of experienced tax relief specialists and attorneys working alongside you - professionals who understand how to make the law work for you - so you can secure the most favorable tax resolution possible.Request your free tax relief consultation from tax relief professionals and attorneys by using the form on this page.