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Settle IRS Taxes

Tax debt can quickly add up. One year of unpaid IRS taxes plus back-interest plus the next year taxes and so forth. Fortunately, the IRS offers an Offer in Compromise program.

The Offer in Compromise program allows consumers to pay only a portion of what they owe in taxes. The IRS will only consider this option if all other options have been exhausted.

People tend to try to resolve their IRS tax debt issues when they start receiving notices such as a Notice of Federal Tax Lien or a Notice of Levy.

You don’t need a professional to settle with the IRS. The IRS has forms on their website that you can fill out on your own. However, if you owe a lot of back taxes to the IRS, it may be worth getting a professional who is familiar with the program to increase your changes.