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what is an offer in compromise

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  3. Category: Tax Relief
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  5. what is an offer in compromise

Asked: 2018-12-26 23:04:50

I havn’t paid taxes in like 6 years, and now I owe the IRS, Mom says I should try an offer in compromise. What is that?
5

12

Answered: 2018-12-28 19:06:13

It’s like making an assessment of your taxes and what your worth is, and then making payments to resolve your taxes

6

Answered: 2018-12-27 12:44:10

That what you file for on the IRS website, but nobody I know has ever been approved.

4

Answered: 2018-12-27 12:34:30

An offer in compromise is an agreement between a taxpayer and the IRS that settles a taxpayer’s tax liabilities for less than the full amount owed.

1

Answered: 2018-12-28 11:36:40

An offer in compromise is a good deal if you meet the requirements. You must talk to the IRS or gain this info on their website.

0

Answered: 2020-02-18 21:28:29

This is something I specialize in. Please give me a call at 772-617-6848 and I will let you know if you qualify for the program!

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