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What Is An Offer In Compromise In A Nutshell

What is an Offer in Compromise in a nutshell?

In layman’s terms, an Offer in Compromise is a proposal to the IRS to settle your tax debt for less than the full you owe based on the doubt as the IRs’ able to collect the full amount owed to them within the remaining statutory period for collections.

In the event you qualify after we review your situation, Legacy Tax & Resolution Services will prepare and submit an Offer in Compromise designed to make the strongest case possible for the IRS to accept an amount of money which is a fraction of the total amount you currently owe.

 

Also See

Do I Qualify For An Offer In Compromise?

Offer In Compromise- More Detailed Info

Innocent Spouse- How Do I qualify?

Delinquent and Unfiled Returns

 

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