Offer In Compromise
Some individuals who cannot pay their full tax obligations or doing so creates a financial hardship may qualify offer in compromise program. It allows settling your tax debt for less than the full amount you owe. Unique set of facts and circumstances are considered such as ability to pay, income, expenses, asset. There are lump sum cash payment option and periodic payment option. It is hard to qualify and acceptance rate in the program is slightly more than 20% of all applicants. Call us so we can run your scenario through our offer in compromise pre-qualifier tool and let you know if you are eligible for the program and have good changes to be accepted.