One of the most effective means of settling your IRS tax debt is by negotiating with the IRS to lower the amount you owe with an offer in compromise. If you qualify to submit an offer in compromise and if the IRS accepts it, you'll have opened the door to different payment options. An added benefit of submission is that once an offer in compromise is under negotiation, the IRS will cease its collection efforts. At Tax Tiger, we offer a free consultation to anyone who might qualify to submit an offer of compromise. Click Here For IRS Offer In Compromise!
To determine whether you are qualified to submit an offer in compromise, you need to demonstrate one of the following: that the IRS miscalculated your tax debt, that you will never be able to pay the whole debt, or that paying the whole debt would cause severe economic hardship. In order to establish one of these conditions, you'll need to have your financial records on hand and thorough documentation of any extenuating circumstances. All of this information must conform to both local and federal rules of legal procedure.
What You Stand to Gain from an IRS Offer in Compromise
Once your offer meets the procedural standards required, the IRS negotiations begin. This isn't an easy battle--the IRS has the power of its fleet of lawyers and decades of negotiation experience. The most effective way to negotiate with the IRS is to have an experienced tax professional do it for you. The attorneys at Tax Tiger have the power and the ability to do just that.
Successful offers in compromise can reduce your tax debt significantly. Settlements may be paid to the IRS in cash within 90 days, over up to two years, or in payments for longer periods. At Tax Tiger, our team of professionals has obtained over 70 settlements that were discounted by at least 90 percent! Our tax lawyers are skilled in IRS negotiations and available for free consultations. To learn more, call today.
