How Good People Solve Bad IRS Problems - Nick Nemeth - Manual / Resource - Page 41
End Your IRS Problems
Chapter 11: Do
You Qualify for a
On Your Taxes?
Millions of taxpayers are currently qualified for a
substantial discount on the amount of money they owe
the IRS. The problem is that most of them don’t even
know they qualify.
Here’s What I Mean by Substantial Discount
You may not think so, but the IRS does “settle” with
taxpayers who owe tax money if the taxpayer qualifies.
This is known as an Offer in Compromise or an Offer.
As the saying goes ... “It doesn’t get much better than
that!” For example, if you owe the IRS $40,000 today,
you may be eligible to pay them only $5,400 to fully
settle the $40,000 you owe.
Offer in Compromise (OIC)
The basic idea is that if you owe taxes, penalties, and
interest that you really can’t pay because you simply
don’t have the assets or income to cover what you owe
... then you may be able to settle with the IRS for less.