Through the IRS Offer in Compromise program, you may be able to settle your tax debt for just a fraction of what you owe. This program is designed for taxpayers who cannot afford to pay their full tax liability or who have been incorrectly assessed. Let us help you determine the lowest offer the IRS will accept and settle your debt at an enormous discount.
Tax Problems
Owe the IRS a lot of money? Settle for pennies on the dollar!
You can settle your IRS debt for just pennies on the dollar through the Offer in Compromise program. This program lets taxpayers resolve tax debt that has been incorrectly assessed or is beyond their ability to pay.
The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).
Often, you can eliminate your tax debt—including all penalties and interest—at a substantial discount. The IRS does not have a set minimum limit for settling your debt, especially if you present your offer correctly.
If done properly, you might settle your debt for just 5-15% of what you currently owe. The key is determining the lowest amount the IRS will accept before making your offer.
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Don’t miss important tax deadlines! Staying ahead of tax due dates is crucial to avoiding penalties and ensuring smooth financial planning. Contact us today for assistance in keeping your taxes on track, including key deadlines for personal taxes, corporate filings, and quarterly estimates: (877) 205-2565.
If you’re ready to take control of your tax situation and start saving, we encourage you to reach out to us at Quantum Tax Strategy. Our team of tax consultants is standing by to provide you with the personalized guidance and support you need to achieve your financial objectives.