The IRS offers a wide array of tax settlements that you may wish to take advantage of when your tax problems spiral out of control. However, not every tax settlement is right for every situation.
Have you recently learned about the offer in compromise, in which the tax authorities will allow you to settle your debt for less than the total owed? This might sound like a dream come true—but you’ll have to meet several criteria before being eligible for an offer in compromise. These include:
- You must be up to date with filing and payment requirements.
- You cannot be in current bankruptcy proceedings.
When you apply for an offer in compromise settlement, the IRS will take a comprehensive look at your income, expenses, equity, and anticipated ability to pay what you owe. It helps to have a skilled tax resolution specialist on your side of the bargaining table, and in the greater Austin area, you can count on Taxation Solutions, Inc. We’re offer in compromise experts, with 40 years of experience among our team. We’ll tailor our tax settlement petition to your needs and circumstances, always aiming to find a solution that satisfies the IRS’s demands while improving your overall situation. We care about your financial future!
Call us today to tell us about your tax problems, and to book your initial consultation.