IRS Tax Settlements

IRS tax debt is a growing problem in the United States. Small tax debts become large tax debts when late fees, penalties and interest are added to the original amount owed. Because the prospect of heavy IRS taxes and penalties are so intimidating, many people simply ignore the problem.

However, there are solutions to your IRS tax problems that you may not be aware of. For example, the IRS accepts tax settlements. Tax settlements are negotiated agreements between the IRS and the person who owes tax. Once they come to an agreement about what amount the IRS will accept to stop collections, the taxpayer simply pays the reduced amount. While this may seem straightforward, negotiating with the IRS is a complex process. The IRS has limits on what amounts they can accept as settlements. These rules vary depending on many factors related to your financial standing.

Let the Professionals Negotiate IRS Tax Settlements

Requesting tax settlements from the IRS is referred to as requesting an offer in compromise. The paperwork required to submit an offer in compromise is as detailed and complex as the financial documents required by courts in bankruptcy proceedings. Attempting to file these documents alone, without the help of an experienced professional, can be frustrating and ineffective.

At Tax Tiger, our tax professionals are well-versed in the intricacies of the offer in compromise. Once we elicit the necessary information from our clients, we file the paperwork for you. Our tax team then negotiates with the IRS regarding the settlement amount. Our tax attorneys are available for free in-depth consultations about your potential qualification for a settlement. Call today to schedule your free appointment.

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