If so, there may actually be a solution available to you! With the help of L&S Business Solutions, LLC, your road to financial relief could only be a phone call away.
You can settle your debt with the Internal Revenue Service for just pennies on the dollar with an Offer in Compromise Program. The program allows taxpayers to settle the debt with the IRS on tax debt that has been incorrectly assessed or for other liabilities that they cannot afford to pay. Many people who thought they could never escape from their tax burdens have benefited from Offer in Compromise Program, securing a life of financial freedom and restoring happiness once more.
The IRS Code Section 7122 states: "We will accept an offer in compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential." What this essentially means for tax payers who are in need of financial help is that an Offer in Compromise Program is a safe way to settle debt without having to break the bank. The compromise makes it possible for tax payers to fully and completely eliminate taxes that are owed, including all penalties and interests, at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt, especially if the compromise is done correctly with the assistance of L&S.
With our help, We can help establish an offer in compromise that is mutually agreed upon by you and the IRS. Your offer in compromise can be customized in a way that takes into account your income and future budget so that your program is suited to your financial needs. If done correctly, your tax debt could be settled for only 1 - 15% of what you presently owe the IRS. The key is to determine the least amount that the IRS will accept from you before you make an offer.
An offer in compromise is beneficial for many people. It can be the best form of relief for many individuals suffering from years of financial hardship and burdensome debt.
For more information on offer in compromise, call our office today to discuss your options!