Are You Eligible for an Offer in Compromise?
By Taxation Solutions, Inc. on 2016-05-04
If you're deep in tax debt, an offer in compromise might sound like an attractive solution to your problems. This tax settlement involves the IRS reducing your back tax burden, in exchange for absolute assurance that you'll pay the remaining balance. Because an offer in compromise means the government loses money it is owed, this settlement is not given away lightly. You'll need a skilled tax resolution specialist on your side in order to negotiate a favorable offer.
In and around Arlington, Taxation Solutions, Inc. is your source for offer in compromise advice and negotiation. Our first step will be to determine your eligibility. We will look at your income, expenses, asset equity, and ability to pay what you owe. Additionally, we'll make sure you're up to date on all tax filing requirements and estimated payments, and that you're not in an open bankruptcy proceeding. If you meet all of these eligibility criteria, we'll move forward toward submitting an offer in compromise settlement.
Taxation Solutions, Inc. is your experienced choice for tax resolution in the local region. We have more than four decades of experience in our industry, and we'll put everything we've learned in that time to work for you. Whether your best bet is an offer in compromise or another IRS settlement would be more beneficial, we'll work hard to improve your financial situation. Contact us now to learn more!