Offer-in-Compromise

I recently came across the Offer in Compromise program, which was designed to help taxpayers who are unable to pay their taxes. While the program may seem enticing, it's essential that you consider all your options before deciding it's the right step for you.

One critical factor to consider is whether or not you can reduce your tax liability at other stages, such as audit, appeal, or tax court. Furthermore, there may be alternative strategies to avoid paying taxes entirely, such as bankruptcy or waiting for the collection statute of limitations to expire.

Unfortunately, many non-lawyer services claim to be able to help settle your tax debt for "pennies on the dollar." The problem with these services is that they're essentially just Offer in Compromise mills. They often file the paperwork without considering your unique situation, leading to offers that the IRS is unlikely to accept. To combat this problem, the IRS has released a consumer alert warning people about these "pennies on the dollar" claims.

If you're considering applying to the Offer in Compromise program and believe you qualify due to questions about tax liability, inability to pay, or undue hardship, working with an experienced tax attorney is highly recommended. Most Offer in Compromise filings are ultimately rejected, so having someone on your side who understands the nuances of the process can significantly improve your chances of success.

Overall, if you're seeking reliable information about the Offer in Compromise program or other tax-related issues, the InfoNowBrowser (tm) may be a great resource for you. This secure platform provides text, video, and audio information, making it easy to get the guidance you need. Check it out at www.4taxhero.com!