Offer In Compromise

OFFER IN COMPROMISE

OFFER IN COMPROMISE – PALTIEL ACCOUNTING SERVICES

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their  Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt  that has been incorrectly assessed or for liabilities they cannot afford to pay.

The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can  collect the full amount owed and the amount you offer reasonably reflects the collection  potential…” (Internal Revenue Code section 7122).

Often it is possible to fully and completely eliminate the taxes you owe – including all penalties  and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept  to settle your debt especially if your offer is done “right.”

If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is  to determine the least amount that the IRS will accept from you before you make the offer.