Not sure if IRS is part of this forum, tell me if so. I owe $24k to IRS and wonder if I can bargain with them for a deal myself rather than go to one of those "specialty" companies who make lots of claims. Somehow I trust myself more to deal with IRS who have always been fair to me and don't charge fees.
If you agree you owe the taxes and are unable to pay them, it's possible to seek an OIC (Offer in Compromise) with the IRS. I don't believe it's an easy route to take, and I've never known anyone personally that has gone through it, but I would think you definitely want a tax pro on your side to help you through the process. The IRS doesn't give in easily and they'll want ALL that they're owed if they think you could pay this back over time. A payment plan might be a more realistic option. Here's a link that provides some more detailed info. on OICs: What is an Offer in Compromise?
Thanks, my situation is this; 63 yrs old on pension with little savings and no assets but sometimes get a little nice piece of $, not enough to pay everything, or even half, but enough to make a dent. Not sure where the link you mentioned is? thanks
Great...fyi - the hyperlink is highlighted in blue just below my post. It says "What is an Offer in Compromise?".
