Sunday, November 14, 2010

How an IRS Offer in Compromise Can Help Rid You of Tax Debt

Owing money to the IRS is a stressful experience. If you are currently in debt to the Internal Revenue Service, Jay Allen Finn may be able to help you. Mr. Finn will see if you qualify for an IRS offer in compromise. This is an agreement between the IRS and you that could result in you paying back your tax debt for just pennies on the dollar. To qualify for an offer in compromise several factors will need to be considered. These factors include your ability to pay back the debt which means that your income and your assets will be taken into consideration.


If you qualify for an Offer in Compromise you will receive a reduction of the amount you are expected to pay. The factors that make up your original debt to the IRS include your actual tax, interest on those taxes and penalties that are charged by the IRS for your tax debt. When you receive an offer in compromise your penalties and interest are significantly reduced or deleted completely which means that you will only have to pay a small portion of what the IRS currently says that you owe. This can mean getting your tax debt settled years before you actually thought possible.


Jay Allen Finn can help to determine if you qualify and if so can help to set up a structured payment plan with the IRS on your behalf. If you want to get that tax debt eliminated and be free from owing money to the IRS then you need to contact Jay Allen Finn today.

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