Offer In Compromise
-
Personalized client services is our #1 commitment. We take the time to understand your unique tax challenges. -
We specialize in small and home-based business taxes.
Are you taking advantage of all available tax credits and deductions? -
You've worked hard to get where you are.
Let us help minimize your tax burden and keep those hard earned dollars. -
At Seth Enterprises your taxes will be done right!
  |
Offer In Compromise |
|
Did you know that you can settle your debt with the IRS for less than you owe them with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122).
Often it is possible to fully and completely eliminate the taxes you owe - including all penalties and interest - at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done "right."
If done correctly your debt may be settled for much less than what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.