You’ve probably seen those TV ads with companies claiming they can settle your tax debt for pennies on the dollar. The ad shows happy people saying they owed thousands of dollars but only had to pay hundreds.
These companies claim to have great negotiating skills. But will the Internal Revenue Service (IRS) really come down thousands of dollars on owed taxes? Will the agency come down at all? And what about your negotiating skills? Do you even need a company to negotiate with the IRS? If you have a tax debt, knowing your options for repayment is imperative.
Delinquent Taxpayers Have Three Options
You can take one of three avenues with the IRS if you owe back taxes. They are:…