This service is a negotation with the IRS to have you settle your tax debt for less than what you owe. It’s a highly probable option if you are absolutely strapped for cash and can’t pay off your full tax liability or doing so creates a financial hardship. Before entering into an offer in compromise, the IRS and 833IRShelp takes the following into consideration:
- Your ability to pay
- Your Income
- Your Expenses
- Your Asset Equity