I have heard about the IRS settling tax debts for pennies on the dollar. What is that program?

The Offer in Compromise program is frequently called settling tax debt for pennies on the dollar. However, that’s not exactly how it works. The Offer in Compromise program is based on several factors including your monthly income, your monthly expenses, and any assets.


Contact The Law Office Of Mary King PL Today



That formula is used to calculate the amount that you could pay to the IRS to settle your debt. The Offer in Compromise program can take a number of months to complete, and it’s important to have a tax resolution attorney to assist you with this complicated process.

Recent Posts

How Much Does Estate Planning Cost In Florida? - Florida Tax Lawyers
14 May, 2024
All estate plans are different which means different costs. Estate planning in Florida can cost anywhere from $1,500 to $3,000. Contact our estate planning attorney today!
How To Navigate IRS Audits With The Help Of IRS Audit Lawyers? - Florida Tax Lawyers
07 May, 2024
Having an IRS audit attorney by your side can truly make a difference. This guide delves into the role of IRS audit lawyers in assisting clients through audits and striving for positive outcomes.
I RS debt
29 Apr, 2024
Learn how bankruptcy affects IRS debt & explore your options. Get clarity & take control of your financial future today!
What Is Estate Settlement
22 Apr, 2024
Discover what estate settlement involves, including the process and services offered. Learn how to navigate estate settlement effectively.
 Florida Have An Inheritance Tax
15 Apr, 2024
Are you wondering if Florida imposes an inheritance tax? Learn about estate taxes in Florida and get your questions answered today.

Categories

  • About Mary
  • Client Reviews
  • Filing Taxes
  • IRS
  • IRS Problems
  • Local Events
  • Paying Taxes
  • Plan Ahead
  • Tax Attorney
  • Tax Debt
  • Tax Deductions
  • Tax Law
  • Tax Obligation
  • Tax Preparation
  • Tax Reform
  • Tax Refund
  • Tax Scams
  • Taxation
a blue and white badge that says `` best lawyer '' .
martindale hubbell has been rated for highest level of professional excellence in 2019
a badge that says avvo rating 10.0 mary elizabeth king top attorney
Share by: