Each year, millions of taxpayers are surprised that they owe more to the IRS than they can afford. You may not know what alternatives are available. You may be able to opt for an alternative billing plan called a compromise offer.
What is a compromise offer? This plan allows taxpayers to offer a compromise to the IRS for settling their owed tax obligations. If you are unfamiliar with this procedure, it is highly recommended that you hire an IRS tax lawyer in Orange County.
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Experienced IRS attorneys can make sure you don't miss an opportunity to accept your offer. In addition, income tax attorneys can offer many other services to taxpayers who are in need. What does the "compromise offer" mean to me? This is one option that can be used by taxpayers who are struggling to pay their tax debts.
However, the compromise process can be quite complex for most people. Getting an IRS lawyer to help is a wise decision. In certain circumstances, tax obligations can be legally threatened.
Your IRS attorney is experienced with these situations and can help you submit the proper paperwork to demonstrate financial difficulties. An income tax attorney will assess your financial situation and the terms of the "compromise offer" to determine your eligibility.
Only with the help of an IRS attorney can you successfully negotiate a fair and workable arrangement that will allow you to pay back your debt and recover financially. A tax relief attorney will ensure that you have submitted all of the documents required for the compromise offer. This ensures that the IRS does not reject your application for filing or document breaches.