Is the IRS after you to collect a delinquent tax debt that’s beyond your ability to pay? There may be an option for you. Like any creditor, the IRS prefers a partial payment to no payment at all. So it’s sometimes willing to settle a tax debt for less than the full amount with an “Offer in Compromise.” You may qualify if you meet requirements including: 1) you’re unable to pay the full amount, 2) collection of the liability would create economic hardship for you (for example, if you’re out of work due to health problems) or 3) there’s doubt as to the amount of your tax liability. Be aware that most offers are rejected by the IRS but in some cases, this can be a lifeline. Contact us for help. Call or visit our website for more information! www.mjscpa.com/
