Recently, I was asked by a reader: “Will the IRS usually accept an offer in compromise when you owe taxes?” “Usually” is probably not the right word. But, in the right circumstance, the IRS will accept an offer in compromise every time. You must show the IRS that you do not have the future income [...]
Tag Archives: IRS offer in compromise
Do I Have to Pay Money when I Submit my Offer in Compromise to the IRS
In the good ole days you could submit your offer in compromise to the IRS and it wouldn’t cost you anything except a filing fee. So, it didn’t matter how much you were offering to settle your tax debt with the IRS you knew that you were going to have several months before the IRS [...]
