If you have unpaid personal income taxes, then you may have a lot to worry about.
The IRS is the most aggressive collection agency on the planet.
The IRS can issue a Notice of Levy, and freeze all your assets.
They can take your home, business, garnish your wages, and seize and sell any or all of your assets to satisfy your obligations.
However, the attorneys at Boyer Coffy, LLC know how to level the playing field and prevent these potentially catastrophic problems.
There is a powerful solution to your problem, if you can qualify!
An offer in compromise is a type of tax relief that a taxpayer with an unsatisfied tax debt can apply to receive. If the relief is granted, the taxpayer will be permitted by the IRS to settle his or her tax debt for less than the full amount due. For taxpayers who may be facing a particular hardship or other circumstances where t is impossible to satisfy the tax debt may benefit from this type of relief. While this type of relief is appealing to a person with a large debt, approval is difficult to secure. In fact, only about one in every five applicants for the program will be approved. Therefore it is essential for taxpayers to work with an experienced tax professional who understands the program requirements and the types of evidence that must be present to the IRS.
Whether your offer in compromise is accepted or rejected is based on: