Offer in Compromise | IRS Tax Debt Relief

YOUTUBE INFO

The Offer in Compromise program was established to grant tax debt relief to to people who cannot pay their taxes. An Offer in Compromise is not always the best option. It is important to determine if the tax debt liability can be avoided at the audit, appeal, or tax court level. Additionally, there may be ways to avoid collection of taxes that re bettern than the offer in compromise, such as bankruptcy or waiting out he collection statute of limitations.

Late night television is full of people advertising services that promise to settle your tax debt for "pennies on the dollar." These services are generally not attorneys, and are basically Offers in Compromise mills. They fill out the forms, regardless of the clients' individual situation, and make an offer. These offers are often not accepted by the IRS. The IRS has even gone so far as to release a consumer alert advising taxpayers to beware of these "pennies on the dollar" claims.

If you think you may qualify for the Offer in Compromise program because doubts about the tax liability, doubts about their ability to pay the tax debt, or undue hardship involved in paying the tax debt, it is best to have an experienced and knowledgeable tax attorney help you present your arguments. The vast majority of offer in compromise filings are rejected by the IRS and the chances of a successful petition are much better with an qualified Offer in Compromise attorney on your side.

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[melthompsoniii]

Too many people choose the wrong kind of credit card debt help. They deceive themselves into believing they can manage a debt management payment plan, or they can afford to begin a lump sum debt settlement savings plan (where they skip their monthly payments to bank that money with a debt settlement firm to one day offer a final lump sum settlement amount).

[jmtclu]

everyone in the US should ask... what has the government done for me? and not pay their taxes. our crooked politicians make 500k per year with per diem pay... whille the rest of us starve. screw the irs

[JMYoYos]

@StorminNormin1977, 26 U.S.C. § 1. Grab Title 26 (Volume 26, if you like) of the United States Code, and read away.

[joemas9]

Nice video. Good Knowledge. I should do an updated version. In the meantine, please research updated offer info.

[irstaxsettlement]

Offer in Compromise is not an easy program to apply for. I like how this video agrees that it's NOT a "pennies on the dollar" magical cure-all program.

[dahlia8666]

canadadebtconsolidationnow(.)c om - provides 7 alternative ways to get out of debt for Canadians

[dmegret83]

if i was a lawyer id tell everyone to send a dollar to pay for the case against the irs for illegal taxation, if everyone sent a dollar not only will the attorney working it be happy but everyone else would be to

[kensho3]

If you had balls, you would offer to represent a class-action suit against the IRS for illegal taxation on income. Oh, well! grow a pair.

[StorminNormin1977]

Please show me the law that requires me to pay federal income tax. Thank you.