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So, you owe the IRS and want to offer a tax settlement to reduce the amount you owe.  It is possible to settle your tax debt for less than the IRS says is owed.  A tax attorney or team of tax specialists can assist you by assessing your tax situation, helping you to establish your financial profile, and negotiate on your behalf with the IRS to settle your tax debt.

The IRS wants to collect the full amount of your tax liability including all interest and penalties.  For this reason, taxpayers often pay more than is necessary because the average taxpayer just simply cannot understand all of the complex tax laws and know every option that may be available to them for settling the tax debt.

Here are the most common options that are used for tax settlement:

Offer in Compromise:  A proposal in cooperation allows a taxpayer to settle their tax debt for less than the amount owed.  Often the settlement can be more than half of the original tax debt.  When an offer in compromise is accepted by the IRS, they are allowing the taxpayer to settle the tax debt for less than are owed.

Penalty Abatement:   Penalty abatement is a reduction in the amount of penalties that have been assessed by the IRS.  There are many reasons that they IRS may agree to abatement and in some cases, taxpayers are able to negotiate that all penalties be removed.  This can result in substantial savings for the taxpayer.

Some other tax settlement options are Innocent Spouse Relief and Tax Bankruptcy.

In order for you to determine the best course of action to work with the IRS to settle your debt, you should contact a tax attorney or tax relief specialist.  Having someone to represent your interests to the IRS and negotiate on your behalf will make the tax settlement process go smoothly.    Having the right representation can result in substantial savings for you and can eliminate the stress and harassment of dealing with tax debt.

Call today at 1-888-570-1033 for a FREE consultation or use the contact form => Contact Form