Owing taxes to the government is a way of life. However, these payments can sometimes be overwhelming, especially for many self-employed individuals who must cover all of their own business expenses. Taxes can add up year after year, and you can be in a bad situation before you know it.
Click Here For Tax Offer In Compromise!
If you owe back taxes, an Offer in Compromise can be an ideal way to settle your tax debt. An Offer in Compromise is a legal and binding agreement with you and the IRS. In it, you are resolved of your tax debt after you agree to pay a certain amount and agree to stay in their good graces for five years, meaning you will not owe them money again during that timeframe. The settlement amount will always be less than you owe, sometimes referred to as pennies on the dollar because of the percentage saved.
Help with Your Tax Offer in Compromise
There are many legal ways our experts at Tax Tiger can accomplish a successful Offer in Compromise. The reasons vary per case, but as the majority of them center around "doubt as to collectibility," meaning we provide a strong case to the IRS that leaves them doubting that you could ever repay what the IRS says you truly owe them. For some people, we can also argue that the amount quoted is incorrect if that reason applies.
Either way, the result is a lower payment for you and a quicker resolution to your tax debt. Even if you are already making installment payments, we can still help you file an Offer in Compromise. Depending on the amount and terms of the settlement, you will have 90 days to two years to pay off your new amount. Once a resolution is reached and your liability resolved, your tax liens will be released from your property and your credit, and you can move on with your life.
