You Owe the IRS Back Taxes, Interest and Penalties
and Can’t Possibly Pay It?
You can think about making an offer to the IRS to settle your back tax bill for a single payment you could afford, even if that amount is much lower than your total IRS debt – if you can make a well-supported case that:
You don’t really owe the tax in the first place; or,
There is little chance that you could pay the total tax bill; or,
If the IRS DID collect the total tax bill from you, it would be an economic hardship for you, or
It would be unfair under your particular life circumstances.
The IRS Offer in Compromise program exists because there are valid circumstances where it is in the interest of the US Government and the taxpayer to compromise. However, the IRS is very careful about accepting these offers and they require reasonable and documented proof. Attempting an Offer in Compromise on your own requires confidence that you can understand the economic parameters the IRS uses to measure how good your case will be, and that you can develop and present the evidence that will prove your case. If you don’t have this confidence, it will be better to let Best Tax Pro step into your shoes – because if you actually qualify and you don’t do this right, you could end up being in the 75% of offers that the IRS rejects — and you will certainly end up paying more than you needed to.
If you DO want to explore engaging BestTaxPro to help you with an Offer in Compromise, we will explain the process and what you can expect before you start. . Our goal is to help tax payers find the best deal, the most affordable tax debt settlement solution, and the easiest way to once and for all end your IRS tax problems.