| "> | | | | impacting not only the taxpayer individually, but |
| Taking on IRS tax debt is a daunting task that | | | | the financial health and welfare of their |
| presents many confusing issues. The majority of | | | | familyâs future. |
| taxpayers are aware of the option to pay their | | | | Settling Your IRS Tax Debt: In a nutshell, an |
| IRS tax debt in full or pay the tax debt in | | | | âOffer in Compromiseâ is an |
| monthly payments or installments. But there is | | | | IRS tax settlement. If you qualify for an offer, |
| another option, the IRS âOffer in | | | | you can have your IRS tax debt greatly reduced. |
| Compromise.â Knowing the steps to | | | | However, itâs not easy to qualify for an |
| success with an IRS Offer in Compromise, also | | | | offer. The IRS will weigh your entire financial |
| commonly called IRS tax settlement is important, | | | | situation. If the IRS determines you don't have |
| because if your offer is approved you can save | | | | enough income to satisfy your debt in full, your |
| thousands of dollars! It can play a critical role in | | | | offer may be approved. |
| the financial future of any delinquent taxpayer, | | | | |