Inside IRS Offer in Compromise settlements, negotiations, and renegotiations

Inside IRS Offer in Compromise settlements, negotiations, and renegotiations

http://ift.tt/2vvWQbf The IRS Offer in Compromise program allows many taxpayers to settle back tax debts for a "pennies on the dollar." Why is this so? And what happens if a taxpayer can’t afford to pay the agreed upon settled amount? In this video, tax attorney Anthony E. Parent of Parent & Parent LLP describes the real constraints the IRS is under and how the IRS Offer in Compromise Program actually benefits the IRS. Learn why the IRS would want to take more than full payment for back taxes you owe. And learn what to do if your Offer in Compromise Form 656 is accepted, but is going to default because you can not longer come up with the settled amount. Note: It is our experience that taxpayers who think they can’t settle taxes with an Offer in Compromise can, and those that think they can, can’t. We recommend that you contact us for a free evaluation to go over what sort of options would work best to settle your IRS tax debt. Parent & Parent LLP 144 S. Main Street Wallingford, CT 06492 (203) 269-6699 http://ift.tt/1RfwK1f info@irsmedic.com https://youtu.be/d67LGf4ZM2c IRS Medic