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
Discover the key differences between estate planning and probate, how they work, and why planning ahead can save time, money, and stress for your loved ones.
Learn the key differences between a Durable Power of Attorney and a General Power of Attorney. Learn which one protects you best in case of illness or incapacity
This guide will explain the different types of Wills, how they work, and help you decide which one might be best for you. Contact our will attorney today!
In this blog post, you’ll learn what a Power of Attorney is, when you need it, and how to submit a Power of Attorney to the IRS. Contact our POA Lawyer today!
Learn the difference between estate planning and wills with the Law Office of Mary King, PL. Protect your assets and secure your legacy. Call us 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
