Let’s say that you wake up one day and realize you are in quite a bit of trouble. You haven’t been paying your taxes for one reason or another; perhaps the initial tax bill was more than you felt you could afford. Now the IRS is coming after you hard and asking for even more than you can afford. Can an Offer in Compromise help you?
You’ve likely seen the commercials that tell you it’s easy to get the IRS to settle your tax debt for “pennies on the dollar.” Whether or not this is true depends on what your understanding of that means. Hiring a tax attorney like me, someone who has a relationship with the IRS and has been working with the entity as long as I have.
The fact of the matter is that you should be going into this situation thinking you will have to pay something. What I might be able to do for you is to reduce that debt to a point where the pain is going to be reduced. There are even certain situations where you’ll find that debt almost go away completely. The truth of the matter is that I won’t know what I can do for you until you decide to give me a call and let me look at your situation.
The absolute worst thing you can do when you realize you owe the IRS money is to think they are just going to go away. The IRS is an organization that knows it has the law on its side. It can enforce that debt in a ton of different ways, and none of them are going to be good for you. Closing your eyes and hoping everything just blows over isn’t going to be an approach that works out well. Contact me and let me work for you.