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Offer in Compromise | IRS Tax Debt Relief

Terrier Dog Videos from Around the Globe
Terrier Dog Videos from Around the Globe Terrier Dog Videos from Around the Globe
Terrier Dog Videos from Around the Globe

YOUTUBE INFOThe 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.www.4taxhero.com

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: infohero

Length: 09:04
Rating: 3.00
Views: 1497

Tags: attorney  compromise  debt  in  IRS  lawyer  offer  relief  settle  tax  the  with  

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kensho3 (November 30, 1999 at 12:00 am)
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.
tdogg625 (November 30, 1999 at 12:00 am)
their isnt one but they somehone inforce it becuase of everyone being brainwashed
StorminNormin1977 (November 30, 1999 at 12:00 am)
Please show me the law that requires me to pay federal income tax. Thank you.