Can't Pay Your Taxes? The IRS May Negotiate With You For A Smaller Amount Than You Owe!

If the IRS is sending you notices for past due taxes, whatever you do, DON'T JUST PUT THEM IN A DRAWER and hope they'll go away.

They won't.

When you acknowledge your debt, you are miles ahead of the game. You may not agree with what the IRS says you owe. You will be given an opportunity to make your case.

There are many ways to settle your debt with the IRS. One common way is what is called an "Offer in Compromise". What that means is that if you can make your case to the IRS to settle your debt and can prove that you have no assets and little means to repay the debt, they will settle with you for a lesser amount than originally billed.

In order to get to this place, you will be asked to give full disclosure of all you assets, income and expenses. It's imperative that you tell the truth!

You may qualify for an Offer in Compromise if it is determined that it is unlikely that they can collect the full amount of the tax debt or if there is legitimate doubt that exists that you are not liable for some or all of the tax liability.

To begin the process for an Offer in Compromise, you be current on all your Income Tax Filings, if you own a business with employees, their tax deposits must be current, if applicable, your estimated tax payments must be up to date for the current year, must complete IRS Form 656-A, the Offer in Compromise and an accurate collection information statement (your assets, income and expenses), IRS Form 433 A and/or B.

After the IRS has computed your figures, they will determine a new amount of your tax liability and how you may pay it.

The relief that you will experience getting this obligation off your shoulders will change your life.

Don't hesitate, get the IRS paid and move on with the rest of your life!

Katherine Evans is the CEO of 123 Easy Tax Filing, an online efile company created to help you efile your taxes. http://efile.123easytaxfiling.com


All you have to do to E-file your 1040, 1040A, or 1040EZ Federal Tax Return and associated forms for only $9.95 is

1. Enter your information...
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Contact Katherine at katie@123easytaxfiling.com

Article Source: Katherine Evans