Do you owe taxes you will never be able to pay?
Millions of people owe money to the IRS that they will never be able to pay.
Last year alone, roughly 500,000 companies went out of business, leaving business owners with tax debt that will most likely never be paid to the IRS. In addition, 650,000 people suffer financial troubles due to medical issues and over 5 million people get laid off in the US every year. If you are one of the unfortunate who experienced these situations we understand you are scared and not sure where to go next.
Ignoring IRS issues will only lead to the IRS filing liens on your property, freeze your bank accounts, and they may even garnish your wages. This will be embarrassing to say the least!
There is a solution.
Under IRS rule 26 U.S. Code § 7122 – ‘Compromises’, the IRS allows taxpayers who cannot pay back their tax liabilities in full to pay reduced amount in satisfaction of the outstanding debt.
People who submit their own Offer in Compromise get rejected 75% of the time.
Offer in compromise (OIC) is a complex negotiation with the biggest creditor in the US, the IRS. OIC is a need and facts based negotiation where the IRS weighs your facts and circumstances before they decide on the offer on the table. This makes OIC a complex endeavor. If you are not armed with well-developed arguments based on facts and circumstances, settling with the IRS will be next to impossible.
Most taxpayers and tax preparers do not have the skills or experience to sit across the table from the IRS and effectively represent your interest.
We know you want to solve your tax issues quickly but before filing any agreement with the IRS, all options should be considered.
Act now to protect your financial future.
Zagotti & Burdette has vast experience in resolving tax debt cases in even the most contentious circumstances.
Call Zagotti & Burdette today to schedule a free consultation to discuss the specific facts and circumstances in your case and get an honest opinion to see what option is right for you.