In Tax relief, The Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear the debt. So it allows you to make an offer in compromise allows you to settle your tax debt for far less than the full amount you owe to the IRS. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances:
- Ability to pay;
- Expenses; and
- Asset equity.
To see if you qualify for the offer in compromise program please reach out to Republic Tax for free consultation on how to get started. We will evaluate your unique circumstances to see if it is the right plan for you.