Tax-Debt-Relief

If you're struggling with tax debt, it can be tempting to jump into the Offer in Compromise program. However, this may not always be the best option. It's important to explore whether there are other ways to avoid tax debt liability at the audit, appeal, or tax court level. There may be better alternatives to the offer in compromise, like filing for bankruptcy or waiting out the statute of limitations on collections.

Beware of late-night TV commercials for Offers in Compromise mills that claim to settle tax debt for "pennies on the dollar." These services are often not provided by attorneys and may not take your individual situation into account. As a result, their offers are often rejected by the IRS. The IRS has even released a consumer alert warning taxpayers to be cautious of these misleading claims.

If you believe you qualify for the Offer in Compromise program due to doubts about your tax liability or ability to pay the debt, it's a good idea to enlist the help of an experienced tax attorney. The majority of offer in compromise petitions are rejected by the IRS, but a qualified attorney can increase your chances of success.

To learn more about tax debt relief options or connect with an attorney, check out InfoNowBrowser, a secure platform that delivers text, video, and audio information, available at www.4taxhero.com.