Hello All:
Did you know that you can negotiate tax liabilities with the IRS? Yes, that's right - you can! There are a number of ways to obtain a favorable settlement with the IRS, here are a few:
1. Installment Agreement : Simply a payment plan.
2. Offer & Compromise : Lump sum settlement.
3. Hardship : Allows elimination or postponement of tax obligation.
Keep in mind the longer the debt is owed, the more interest and penalties accrue. However, interest is mandated by Federal Law, but penalties can be negotiated and eliminated. So don't be afraid of negotiating your tax debts with the IRS; you'll be surprised what you will be able to achieve.
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