IRS-Offer-In-Compromise-form-656-settlement-tax-debt

  If you owe more than $10,000 in IRS tax debt, you may qualify for an IRS tax debt relief program.  One tax relief program you may qualify for is an Offer in Compromise OIC.  Qualifying taxpayers may be able to settle their tax debt for a fraction of what they owe.  If you owe back taxes, contact Austin & Larson Tax Resolution to speak with a tax relief specialist to see if you qualify for an IRS Offer in Compromise.   The Offer in Compromise OIC program was established by the IRS to help taxpayers who are experiencing financial hardship due to the tax burdens they have accrued over time.  Taxpayers that owe more than $10,000 to the IRS may qualify for a tax debt relief program.  The Offer in Compromise OIC program takes into account the equity of all of your financial assets and performs a calculation of your future earning potential.  Based on the combination of these two elements, the IRS determines… Read More

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