What is an Offer-in-Compromise?
An offer in compromise or a tax settlement program is similar things that allow you to settle your tax debt for a lesser tax amount than what you actually owe to the IRS. This can be due to any legitimate reason due to which you cannot pay the full tax liability you owe or you are going through serious financial hurdles. The IRS tends to consider a few important factors to consider your situation and check whether you are actually eligible to qualify for an offer in compromise. The IRS tends to consider your ability to pay, your income, expenses, and your asset equity to see if you are actually eligible for a settlement program. Generally, the IRS tends to approve an offer in a compromise where the settlement amount offered by the taxpayer is what they expect and in a reasonable time period. It is always a sensible choice to hire a tax settlement services in the USA to file your tax settlement so that you can have higher chances of qualifying, make sure you carefully check the qua