The IRS offers a program called an Offer in Compromise. The idea is to settle your tax debt for less than what you owe. However, it’s not easy to do. The radio, TV and internet ads are grossly misleading because according to the IRS, most tax settlement offers are rejected.
On the other hand, the vast majority of our clients are successful in getting their tax debt settled or even eliminated completely. Why is Faith Firm successful while others are not? Several reasons…
We know the tax law. We can cite the Internal Revenue Manual chapter and verse. And what is contained in the Internal Revenue Manual is critically important to obtaining a successful settlement. Because many Revenue Officers fail to follow their own manual, and when we bring this to the IRS’ attention, we can get results for our clients.
We are licensed to represent tax payers from all 50 states and U.S. territories before the IRS. We are licensed in United States Tax Court as well as select Federal Courts, including bankruptcy court.
We know how to use strategies others don’t. Some examples: we use the administrative appeal to obtain a successful settlement on the second attempt. We also use little known strategy where we create bankruptcy petitions and schedules to obtain leverage and settle for a fraction of what our client owes. The bankruptcy is never filed; it’s just used to negotiate a better settlement.
And we use settlement alternatives such as Partial Pay Agreements and Currently Not Collectible. These alternatives can produce a better result than an Offer in Compromise.
Get Michael Mack’s free book, The Truth About Tax Settlement And Alternative Solutions Most People Overlook. And get a free consultation where you can sort out the best solution for you by calling 414 771 9200.