Did you know that you can settle your debt with the IRS for just small amount on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been not correctly assessed or for liabilities they cannot afford to pay.
The IRS Code says: "We will accept an Compromise Offer when it is unlikely that we can collect the full amount owed & the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122).
Often it is possible to fully & completely eliminate the taxes you owe - including all penalties & interest - at an enormous discount. There is no set limit that the IRS will accept to settle your debt especially if your offer is done "right."
If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the minimum amount that the IRS will accept from you before you make the offer.
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Makemytaxes is a company which provide Tax Debt Resolution and Debt relief.Our service is to get the taxpayer immediate relief from IRS or State Tax debt relief.Find out More