How to Resolve Tax Debt to the IRS through their "Offer in Compromise" Program.

Don't Let the IRS Take All of This Away!

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Feeling overwhelmed by tax debt, late payment penalties and interest owed to the IRS? Did you know that that IRS can actually help you? The IRS has a program called "Offer in Compromise" (OIC) that provides taxpayers who owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final settlement.

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Instructions

Difficulty: Moderately Easy

Things You’ll Need:

The Offer in Compromise application
$150.00 fee and (possibly) a 20% lump-sum for full details, visit:
http://www.taxresolution.com/application-fee-faqs.asp

Step1

Tax Resolution Services website provides great detail about the Offer in Compromise program.

Step2

Visit the Tax Resolution website: http://www.taxresolution.com/oic.asp.

Step3

Or call Tax Resolution toll free at 1-866-IRS-PROBLEMS (1-866-477-7762.

Resources

Tax Resolution Services

Comments

805Chica said

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on 7/22/2008 I think the IRS should do a better job promoting the IOC service. Good thing I have eHow friends to tell me about it and introduce me to Tax Resolution Services!

sharpcheddar said

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on 6/16/2008 It's true! The reason it's possible is because the government actually saves money by accepting a lower amount from you now, versus all the additional administrative costs of going after you for the full amount that you will never be able to pay them anyway.

Read more about it here: http://www.taxresolution.com/blog/?cat=1

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