When you owe far more in back taxes and related penalties and fees than you can repay, securing an offer in compromise can seem like finding water in the desert. But while this tax settlement may be the answer to your tax problems, it’s important to assess your eligibility before proceeding. The IRS doesn’t give away offers in compromise lightly, because these types of tax settlements mean the government will end up receiving far less money from you than you owe. Making sure you’re a good candidate before submitting your petition will save you time and hassle in the long run.
In and around Atlanta, Taxation Solutions, Inc. can be your guide through the tax settlement negotiation process. Before submitting your request for an offer in compromise, we’ll take a look at your:
- Ability to pay what you owe
- Any asset equity
We’ll also ensure that your tax paperwork is up to date—another prerequisite for offer in compromise claims. We can even help you determine how best to pay the remaining balance after the offer in compromise reduces your back tax debt. For instance, you might be able to offer a lump sum payment. Alternatively, you might still need to break payments into manageable monthly chunks. Whatever your specific tax problems, Taxation Solutions, Inc. will help you forward along the best path. Call or e-mail us today to learn more!